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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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035 000500 0
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<PAGE> PAGE 22
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050 000500 N
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055 A000500 N
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056 000500 Y
057 000500 N
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<PAGE> PAGE 23
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070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
<PAGE> PAGE 24
070 N010500 Y
070 N020500 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
056 000600 Y
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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072 P000800 0
072 Q000800 66
072 R000800 15
072 S000800 8
072 T000800 68
072 U000800 0
072 V000800 0
072 W000800 13
072 X000800 1398
072 Y000800 62
072 Z000800 4559
072AA000800 9331
072BB000800 0
072CC010800 52680
072CC020800 0
072DD010800 3509
072DD020800 994
<PAGE> PAGE 41
072EE000800 10956
073 A010800 0.2800
073 A020800 0.3100
073 B000800 0.9100
073 C000800 0.0000
074 A000800 1
074 B000800 1066
074 C000800 16114
074 D000800 0
074 E000800 0
074 F000800 282828
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 6185
074 M000800 4
074 N000800 306198
074 O000800 215
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 7217
074 S000800 0
074 T000800 298766
074 U010800 2696
074 U020800 13107
074 V010800 18.89
074 V020800 18.91
074 W000800 0.0000
074 X000800 2988
074 Y000800 0
075 A000800 0
075 B000800 267013
076 000800 0.00
008 A000901 WACHOVIA ASSET MANAGEMENT
008 B000901 A
008 C000901 801-0000
008 D010901 WINSTON-SALEM
008 D020901 NC
008 D030901 27101
015 A000901 WACHOVIA BANK, N.A.
015 B000901 C
015 C010901 WINSTON-SALEM
015 C020901 NC
015 C030901 27150
015 E030901 X
024 000900 Y
<PAGE> PAGE 42
025 A000901 NOMURA SECURITIES INTL
025 C000901 D
025 D000901 146
025 A000902 LEHMAN BROS.
025 C000902 D
025 D000902 2740
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 1168
028 A020900 515
028 A030900 0
028 A040900 4867
028 B010900 2216
028 B020900 510
028 B030900 0
028 B040900 3935
028 C010900 1014
028 C020900 503
028 C030900 0
028 C040900 1739
028 D010900 1293
028 D020900 504
028 D030900 0
028 D040900 3150
028 E010900 1073
028 E020900 457
028 E030900 0
028 E040900 14532
028 F010900 4303
028 F020900 435
028 F030900 0
028 F040900 5840
028 G010900 11067
028 G020900 2924
028 G030900 0
028 G040900 34063
028 H000900 3703
029 000900 Y
030 A000900 6
030 B000900 2.50
030 C000900 0.00
031 A000900 1
031 B000900 0
032 000900 5
033 000900 0
034 000900 N
035 000900 0
<PAGE> PAGE 43
036 B000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 N
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 0
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.550
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
055 A000900 N
055 B000900 N
056 000900 Y
<PAGE> PAGE 44
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 250
062 A000900 Y
062 B000900 27.9
062 C000900 4.1
062 D000900 0.5
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 62.7
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 1.7
064 A000900 N
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
<PAGE> PAGE 45
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 239715
071 B000900 255742
071 C000900 111495
071 D000900 215
072 A000900 12
072 B000900 7168
072 C000900 37
072 D000900 0
072 E000900 0
072 F000900 633
072 G000900 96
072 H000900 0
072 I000900 7
072 J000900 23
072 K000900 0
072 L000900 5
072 M000900 5
072 N000900 39
072 O000900 0
072 P000900 0
072 Q000900 59
072 R000900 15
072 S000900 7
072 T000900 52
072 U000900 0
072 V000900 0
072 W000900 15
072 X000900 956
072 Y000900 225
072 Z000900 6474
072AA000900 0
072BB000900 48
072CC010900 0
<PAGE> PAGE 46
072CC020900 467
072DD010900 146
072DD020900 6039
072EE000900 0
073 A010900 0.5100
073 A020900 0.5300
073 B000900 0.0000
073 C000900 0.0000
074 A000900 101
074 B000900 532
074 C000900 95964
074 D000900 0
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 3443
074 M000900 4
074 N000900 100044
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 1747
074 S000900 0
074 T000900 98297
074 U010900 740
074 U020900 9322
074 V010900 9.77
074 V020900 9.77
074 W000900 0.0000
074 X000900 226
074 Y000900 0
075 A000900 0
075 B000900 114198
076 000900 0.00
008 A001001 WACHOVIA ASSET MANAGEMENT
008 B001001 A
008 C001001 801-0000
008 D011001 WINSTON-SALEM
008 D021001 NC
008 D031001 27101
015 A001001 WACHOVIA BANK, N.A.
015 B001001 C
015 C011001 WINSTON-SALEM
015 C021001 NC
<PAGE> PAGE 47
015 C031001 27150
015 E031001 X
024 001000 Y
025 A001001 EATON VANCE
025 C001001 E
025 D001001 1397
025 A001002 JOHN NUVEEN & CO., INC.
025 C001002 E
025 D001002 1430
025 A001003 GOLDMAN SACHS
025 C001003 D
025 D001003 22495
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 4987
028 A021000 0
028 A031000 0
028 A041000 495
028 B011000 4500
028 B021000 0
028 B031000 0
028 B041000 11005
028 C011000 3446
028 C021000 0
028 C031000 0
028 C041000 482
028 D011000 7057
028 D021000 0
028 D031000 0
028 D041000 4363
028 E011000 6218
028 E021000 0
028 E031000 0
028 E041000 2846
028 F011000 5700
028 F021000 0
028 F031000 0
028 F041000 5243
028 G011000 31908
028 G021000 0
028 G031000 0
028 G041000 24434
028 H001000 20165
029 001000 Y
030 A001000 508
030 B001000 4.50
030 C001000 0.25
031 A001000 51
<PAGE> PAGE 48
031 B001000 0
032 001000 457
033 001000 0
034 001000 N
035 001000 0
036 B001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 N
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 0
044 001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.800
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
<PAGE> PAGE 49
053 B001000 Y
053 C001000 N
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
058 A001000 N
059 001000 Y
060 A001000 Y
060 B001000 Y
061 001000 250
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 Y
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
<PAGE> PAGE 50
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 51244
071 B001000 39784
071 C001000 86486
071 D001000 46
072 A001000 12
072 B001000 631
072 C001000 1291
072 D001000 0
072 E001000 0
072 F001000 767
072 G001000 80
072 H001000 0
072 I001000 44
072 J001000 19
072 K001000 0
072 L001000 4
072 M001000 3
072 N001000 34
072 O001000 0
072 P001000 0
072 Q001000 50
072 R001000 10
072 S001000 4
072 T001000 90
<PAGE> PAGE 51
072 U001000 0
072 V001000 0
072 W001000 18
072 X001000 1123
072 Y001000 15
072 Z001000 815
072AA001000 11566
072BB001000 0
072CC011000 14612
072CC021000 0
072DD011000 37
072DD021000 307
072EE001000 6937
073 A011000 0.0800
073 A021000 0.0800
073 B001000 1.6100
073 C001000 0.0000
074 A001000 0
074 B001000 22495
074 C001000 0
074 D001000 617
074 E001000 763
074 F001000 98846
074 G001000 0
074 H001000 0
074 I001000 739
074 J001000 0
074 K001000 0
074 L001000 1250
074 M001000 0
074 N001000 124710
074 O001000 55
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 2389
074 S001000 0
074 T001000 122266
074 U011000 2026
074 U021000 4526
074 V011000 18.64
074 V021000 18.67
074 W001000 0.0000
074 X001000 4878
074 Y001000 0
075 A001000 0
075 B001000 95842
076 001000 0.00
008 A001101 WACHOVIA ASSET MANAGEMENT
<PAGE> PAGE 52
008 B001101 A
008 C001101 801-0000
008 D011101 WINSTON-SALEM
008 D021101 NC
008 D031101 27101
015 A001101 WACHOVIA BANK, N.A.
015 B001101 C
015 C011101 WINSTON-SALEM
015 C021101 NC
015 C031101 27150
015 E031101 X
024 001100 Y
025 A001101 CHASE MANHATTAN CORP.
025 C001101 E
025 D001101 2403
025 A001102 CITICORP TRUST
025 C001102 E
025 D001102 3256
025 A001103 AMERICAN EXPRESS
025 C001103 D
025 D001103 1003
025 A001104 PRUDENTIAL
025 C001104 D
025 D001104 1154
025 A001105 BANKERS TRUST
025 C001105 D
025 D001105 882
025 A001106 BEAR STEARNS
025 C001106 D
025 D001106 2489
025 A001107 CHASE MANHATTAN CORP.
025 C001107 D
025 D001107 1148
025 A001108 LEHMAN BROTHERS
025 C001108 D
025 D001108 2025
025 A001109 MERRILL LYNCH
025 C001109 D
025 D001109 2005
025 A001110 GOLDMAN SACHS
025 C001110 D
025 D001110 13734
025 D001111 0
025 D001112 0
025 D001113 0
025 D001114 0
025 D001115 0
025 D001116 0
028 A011100 5429
028 A021100 1889
028 A031100 0
<PAGE> PAGE 53
028 A041100 7002
028 B011100 12148
028 B021100 0
028 B031100 0
028 B041100 11423
028 C011100 5545
028 C021100 0
028 C031100 0
028 C041100 2154
028 D011100 6125
028 D021100 1926
028 D031100 0
028 D041100 4845
028 E011100 12265
028 E021100 0
028 E031100 0
028 E041100 11712
028 F011100 11132
028 F021100 0
028 F031100 0
028 F041100 15951
028 G011100 52644
028 G021100 3815
028 G031100 0
028 G041100 53087
028 H001100 1929
029 001100 Y
030 A001100 460
030 B001100 4.50
030 C001100 0.25
031 A001100 170
031 B001100 0
032 001100 290
033 001100 0
034 001100 Y
035 001100 9
036 A001100 N
036 B001100 0
037 001100 N
038 001100 0
039 001100 N
040 001100 Y
041 001100 Y
042 A001100 0
042 B001100 0
042 C001100 100
042 D001100 0
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 0
<PAGE> PAGE 54
043 001100 29
044 001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.700
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
055 A001100 N
055 B001100 N
056 001100 Y
057 001100 N
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 250
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
<PAGE> PAGE 55
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 Y
066 F001100 N
066 G001100 N
067 001100 Y
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 Y
070 G011100 Y
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 N
070 M021100 N
070 N011100 Y
<PAGE> PAGE 56
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 412347
071 B001100 392132
071 C001100 274218
071 D001100 143
072 A001100 12
072 B001100 8483
072 C001100 2245
072 D001100 0
072 E001100 0
072 F001100 1986
072 G001100 238
072 H001100 0
072 I001100 180
072 J001100 55
072 K001100 0
072 L001100 5
072 M001100 13
072 N001100 52
072 O001100 0
072 P001100 0
072 Q001100 103
072 R001100 15
072 S001100 13
072 T001100 29
072 U001100 0
072 V001100 0
072 W001100 20
072 X001100 2709
072 Y001100 447
072 Z001100 8465
072AA001100 21826
072BB001100 0
072CC011100 10777
072CC021100 0
072DD011100 672
072DD021100 7332
072EE001100 28083
073 A011100 0.0000
073 A021100 0.0000
073 B001100 1.4400
073 C001100 0.0000
074 A001100 0
<PAGE> PAGE 57
074 B001100 13734
074 C001100 0
074 D001100 141051
074 E001100 0
074 F001100 160183
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 1178
074 K001100 0
074 L001100 3351
074 M001100 6
074 N001100 319503
074 O001100 434
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 12101
074 S001100 0
074 T001100 306968
074 U011100 3845
074 U021100 19302
074 V011100 0.00
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074 W001100 0.0000
074 X001100 2655
074 Y001100 0
075 A001100 0
075 B001100 283126
076 001100 0.00
008 A001201 WACHOVIA ASSET MANAGEMENT
008 B001201 A
008 C001201 801-0000
008 D011201 WINSTON-SALEM
008 D021201 NC
008 D031201 27101
008 A001202 TWIN CAPITAL MANAGEMENT, INC.
008 B001202 S
008 C001202 801-0000
008 D011202 MCMURRAY
008 D021202 PA
008 D031202 15317
015 A001201 WACHOVIA BANK, N.A.
015 B001201 C
015 C011201 WINSTON-SALEM
015 C021201 NC
015 C031201 27150
015 E031201 X
024 001200 Y
<PAGE> PAGE 58
025 A001201 CHASE MANHATTAN CORP.
025 C001201 E
025 D001201 2824
025 A001202 PAINE WEBBER GROUPINTERNATIONAL
025 C001202 E
025 D001202 353
025 A001203 TRAVELERS GROUP
025 C001203 E
025 D001203 3030
025 A001204 GOLDMAN SACHS CORP.
025 C001204 D
025 D001204 1403
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 2724
028 A021200 550
028 A031200 0
028 A041200 3340
028 B011200 5544
028 B021200 0
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028 B041200 2429
028 C011200 3704
028 C021200 0
028 C031200 0
028 C041200 1847
028 D011200 4056
028 D021200 554
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028 D041200 2583
028 E011200 4881
028 E021200 0
028 E031200 0
028 E041200 2390
028 F011200 4963
028 F021200 0
028 F031200 0
028 F041200 5125
028 G011200 25872
028 G021200 1104
028 G031200 0
028 G041200 17714
028 H001200 3069
029 001200 Y
030 A001200 488
030 B001200 4.50
030 C001200 0.25
031 A001200 190
031 B001200 0
<PAGE> PAGE 59
032 001200 298
033 001200 0
034 001200 Y
035 001200 6
036 A001200 N
036 B001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 Y
041 001200 Y
042 A001200 0
042 B001200 0
042 C001200 100
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 26
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.700
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
<PAGE> PAGE 60
053 A001200 Y
053 B001200 Y
053 C001200 N
055 A001200 N
055 B001200 N
056 001200 Y
057 001200 N
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 250
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 N
066 E001200 Y
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
<PAGE> PAGE 61
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 Y
070 G011200 Y
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
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070 O021200 N
070 P011200 Y
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070 Q021200 N
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070 R021200 N
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<PAGE> PAGE 62
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<PAGE> PAGE 63
008 A001301 WACHOVIA ASSET MANAGEMENT
008 B001301 A
008 C001301 801-0000
008 D011301 WINSTON-SALEM
008 D021301 NC
008 D031301 27101
015 A001301 WACHOVIA BANK, N.A.
015 B001301 C
015 C011301 WINSTON-SALEM
015 C021301 NC
015 C031301 27150
015 E031301 X
015 A001302 J.P. MORGAN SECURITIES, INC.
015 B001302 S
015 C011302 NEW YORK
015 C021302 NY
015 C031302 10260
015 C041302 0023
015 E041302 X
024 001300 Y
025 A001301 HSBC JAMES CAPPEL
025 C001301 E
025 D001301 965
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<PAGE> PAGE 64
028 F021300 0
028 F031300 0
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<PAGE> PAGE 65
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050 001300 N
051 001300 N
052 001300 N
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055 B001300 N
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057 001300 N
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066 E001300 N
066 F001300 N
066 G001300 N
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068 A001300 N
<PAGE> PAGE 66
068 B001300 Y
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 Y
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070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 Y
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070 M021300 Y
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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Wachovia U.S. Treasury Money Market Fund
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Wachovia Money Market Fund
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Wachovia Money Market Fund
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Wachovia Tax-Free Money Market Fund
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Wachovia Tax-Free Money Market Fund
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<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 234,579,190
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 74,525,652
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,318,455
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,158,888
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<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
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<PER-SHARE-DIVIDEND> 0.030
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> The Wachovia Funds
Wachovia Prime Cash Management Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 1,445,784,802
<INVESTMENTS-AT-VALUE> 1,445,784,802
<RECEIVABLES> 11,185,330
<ASSETS-OTHER> 99,144
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,457,069,276
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,874,613
<TOTAL-LIABILITIES> 6,874,613
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,450,194,663
<SHARES-COMMON-STOCK> 1,450,194,663
<SHARES-COMMON-PRIOR> 1,176,854,540
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,450,194,663
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 75,844,366
<OTHER-INCOME> 0
<EXPENSES-NET> 2,433,769
<NET-INVESTMENT-INCOME> 73,410,597
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 73,410,597
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 73,410,597
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,702,347,584
<NUMBER-OF-SHARES-REDEEMED> 2,429,007,461
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 273,340,123
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,057,063
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,816,563
<AVERAGE-NET-ASSETS> 1,352,359,399
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> Wachovia Funds
Wachovia Equity Fund
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 163,766,232
<INVESTMENTS-AT-VALUE> 200,282,405
<RECEIVABLES> 989,930
<ASSETS-OTHER> 168,983
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 201,441,318
<PAYABLE-FOR-SECURITIES> 298,456
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,963,305
<TOTAL-LIABILITIES> 2,261,851
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 140,919,003
<SHARES-COMMON-STOCK> 2,566,787
<SHARES-COMMON-PRIOR> 1,402,910
<ACCUMULATED-NII-CURRENT> 139,911
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,866,044
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,254,509
<NET-ASSETS> 39,493,574
<DIVIDEND-INCOME> 2,253,490
<INTEREST-INCOME> 1,407,088
<OTHER-INCOME> 0
<EXPENSES-NET> 1,666,506
<NET-INVESTMENT-INCOME> 1,994,072
<REALIZED-GAINS-CURRENT> 21,611,578
<APPREC-INCREASE-CURRENT> 8,827,358
<NET-CHANGE-FROM-OPS> 32,433,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 232,040
<DISTRIBUTIONS-OF-GAINS> 2,671,987
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,212,590
<NUMBER-OF-SHARES-REDEEMED> 274,007
<SHARES-REINVESTED> 225,294
<NET-CHANGE-IN-ASSETS> 48,224,439
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 18,658,604
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,230,414
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,786,131
<AVERAGE-NET-ASSETS> 174,789,802
<PER-SHARE-NAV-BEGIN> 14.810
<PER-SHARE-NII> 0.140
<PER-SHARE-GAIN-APPREC> 2.430
<PER-SHARE-DIVIDEND> 0.130
<PER-SHARE-DISTRIBUTIONS> 1.860
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.390
<EXPENSE-RATIO> 1.14
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 062
<NAME> Wachovia Funds
Wachovia Equity Fund
Class B
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 163,766,232
<INVESTMENTS-AT-VALUE> 200,282,405
<RECEIVABLES> 989,930
<ASSETS-OTHER> 168,983
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 201,441,318
<PAYABLE-FOR-SECURITIES> 298,456
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,963,305
<TOTAL-LIABILITIES> 2,261,851
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 140,919,003
<SHARES-COMMON-STOCK> 224,652
<SHARES-COMMON-PRIOR> 65,986
<ACCUMULATED-NII-CURRENT> 139,911
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,866,044
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,254,509
<NET-ASSETS> 3,448,020
<DIVIDEND-INCOME> 2,253,490
<INTEREST-INCOME> 1,407,088
<OTHER-INCOME> 0
<EXPENSES-NET> 1,666,506
<NET-INVESTMENT-INCOME> 1,994,072
<REALIZED-GAINS-CURRENT> 21,611,578
<APPREC-INCREASE-CURRENT> 8,827,358
<NET-CHANGE-FROM-OPS> 32,433,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,850
<DISTRIBUTIONS-OF-GAINS> 136,882
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 157,378
<NUMBER-OF-SHARES-REDEEMED> 9,672
<SHARES-REINVESTED> 10,960
<NET-CHANGE-IN-ASSETS> 48,224,439
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 18,658,604
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,230,414
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,786,131
<AVERAGE-NET-ASSETS> 174,789,802
<PER-SHARE-NAV-BEGIN> 14.790
<PER-SHARE-NII> 0.040
<PER-SHARE-GAIN-APPREC> 2.420
<PER-SHARE-DIVIDEND> 0.040
<PER-SHARE-DISTRIBUTIONS> 1.860
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.350
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 063
<NAME> Wachovia Funds
Wachovia Equity Fund
Class Y
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 163,766,232
<INVESTMENTS-AT-VALUE> 200,282,405
<RECEIVABLES> 989,930
<ASSETS-OTHER> 168,983
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 201,441,318
<PAYABLE-FOR-SECURITIES> 298,456
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,963,305
<TOTAL-LIABILITIES> 2,261,851
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 140,919,003
<SHARES-COMMON-STOCK> 10,149,940
<SHARES-COMMON-PRIOR> 8,725,212
<ACCUMULATED-NII-CURRENT> 139,911
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,866,044
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,254,509
<NET-ASSETS> 156,237,873
<DIVIDEND-INCOME> 2,253,490
<INTEREST-INCOME> 1,407,088
<OTHER-INCOME> 0
<EXPENSES-NET> 1,666,506
<NET-INVESTMENT-INCOME> 1,994,072
<REALIZED-GAINS-CURRENT> 21,611,578
<APPREC-INCREASE-CURRENT> 8,827,358
<NET-CHANGE-FROM-OPS> 32,433,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,617,271
<DISTRIBUTIONS-OF-GAINS> 16,595,269
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,554,442
<NUMBER-OF-SHARES-REDEEMED> 3,170,735
<SHARES-REINVESTED> 1,041,021
<NET-CHANGE-IN-ASSETS> 48,224,439
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 18,658,604
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,230,414
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,786,131
<AVERAGE-NET-ASSETS> 174,789,802
<PER-SHARE-NAV-BEGIN> 14.810
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> 2.430
<PER-SHARE-DIVIDEND> 0.160
<PER-SHARE-DISTRIBUTIONS> 1.860
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.390
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> The Wachovia Funds
Wachovia Fixed Income Fund
Class A Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 191,625,288
<INVESTMENTS-AT-VALUE> 193,742,430
<RECEIVABLES> 4,573,258
<ASSETS-OTHER> 3,466
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,319,154
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,741,692
<TOTAL-LIABILITIES> 2,741,692
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196,146,396
<SHARES-COMMON-STOCK> 1,019,583
<SHARES-COMMON-PRIOR> 493,903
<ACCUMULATED-NII-CURRENT> 255,123
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,941,199)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,117,142
<NET-ASSETS> 10,039,081
<DIVIDEND-INCOME> 140,117
<INTEREST-INCOME> 12,370,498
<OTHER-INCOME> 0
<EXPENSES-NET> 1,399,829
<NET-INVESTMENT-INCOME> 11,110,786
<REALIZED-GAINS-CURRENT> 401,138
<APPREC-INCREASE-CURRENT> 187,933
<NET-CHANGE-FROM-OPS> 11,699,857
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 322,564
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 763,371
<NUMBER-OF-SHARES-REDEEMED> 265,357
<SHARES-REINVESTED> 27,666
<NET-CHANGE-IN-ASSETS> 14,775,449
<ACCUMULATED-NII-PRIOR> 328,517
<ACCUMULATED-GAINS-PRIOR> (3,342,337)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,123,245
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,605,168
<AVERAGE-NET-ASSETS> 187,415,053
<PER-SHARE-NAV-BEGIN> 9.830
<PER-SHARE-NII> 0.540
<PER-SHARE-GAIN-APPREC> 0.040
<PER-SHARE-DIVIDEND> 0.560
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.850
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 072
<NAME> The Wachovia Funds
Wachovia Fixed Income Fund
Class B Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 191,625,288
<INVESTMENTS-AT-VALUE> 193,742,430
<RECEIVABLES> 4,573,258
<ASSETS-OTHER> 3,466
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,319,154
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,741,692
<TOTAL-LIABILITIES> 2,741,692
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196,146,396
<SHARES-COMMON-STOCK> 14,221
<SHARES-COMMON-PRIOR> 11,459
<ACCUMULATED-NII-CURRENT> 255,123
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,941,199)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,117,142
<NET-ASSETS> 139,982
<DIVIDEND-INCOME> 140,117
<INTEREST-INCOME> 12,370,498
<OTHER-INCOME> 0
<EXPENSES-NET> 1,399,829
<NET-INVESTMENT-INCOME> 11,110,786
<REALIZED-GAINS-CURRENT> 401,138
<APPREC-INCREASE-CURRENT> 187,933
<NET-CHANGE-FROM-OPS> 11,699,857
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,034
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,843
<NUMBER-OF-SHARES-REDEEMED> 705
<SHARES-REINVESTED> 624
<NET-CHANGE-IN-ASSETS> 14,775,449
<ACCUMULATED-NII-PRIOR> 328,517
<ACCUMULATED-GAINS-PRIOR> (3,342,337)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,123,245
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,605,168
<AVERAGE-NET-ASSETS> 187,415,053
<PER-SHARE-NAV-BEGIN> 9.830
<PER-SHARE-NII> 0.480
<PER-SHARE-GAIN-APPREC> 0.010
<PER-SHARE-DIVIDEND> 0.480
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.840
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 073
<NAME> The Wachovia Funds
Wachovia Fixed Income Fund
Class Y Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 191,625,288
<INVESTMENTS-AT-VALUE> 193,742,430
<RECEIVABLES> 4,573,258
<ASSETS-OTHER> 3,466
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,319,154
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,741,692
<TOTAL-LIABILITIES> 2,741,692
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196,146,396
<SHARES-COMMON-STOCK> 18,829,643
<SHARES-COMMON-PRIOR> 17,893,196
<ACCUMULATED-NII-CURRENT> 255,123
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,941,199)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,117,142
<NET-ASSETS> 185,398,399
<DIVIDEND-INCOME> 140,117
<INTEREST-INCOME> 12,370,498
<OTHER-INCOME> 0
<EXPENSES-NET> 1,399,829
<NET-INVESTMENT-INCOME> 11,110,786
<REALIZED-GAINS-CURRENT> 401,138
<APPREC-INCREASE-CURRENT> 187,933
<NET-CHANGE-FROM-OPS> 11,699,857
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,855,582
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,398,418
<NUMBER-OF-SHARES-REDEEMED> 6,203,149
<SHARES-REINVESTED> 741,178
<NET-CHANGE-IN-ASSETS> 14,775,449
<ACCUMULATED-NII-PRIOR> 328,517
<ACCUMULATED-GAINS-PRIOR> (3,342,337)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,123,245
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,605,168
<AVERAGE-NET-ASSETS> 187,415,053
<PER-SHARE-NAV-BEGIN> 9.830
<PER-SHARE-NII> 0.570
<PER-SHARE-GAIN-APPREC> 0.030
<PER-SHARE-DIVIDEND> 0.580
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.850
<EXPENSE-RATIO> 0.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 081
<NAME> Wachovia Funds
Wachovia Equity Index Fund
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 168,130,159
<INVESTMENTS-AT-VALUE> 300,007,897
<RECEIVABLES> 6,184,986
<ASSETS-OTHER> 4,639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 306,197,522
<PAYABLE-FOR-SECURITIES> 214,607
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,216,941
<TOTAL-LIABILITIES> 7,431,548
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160,007,162
<SHARES-COMMON-STOCK> 2,695,619
<SHARES-COMMON-PRIOR> 13,717,964
<ACCUMULATED-NII-CURRENT> 558,633
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,803,756
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 132,396,423
<NET-ASSETS> 50,915,082
<DIVIDEND-INCOME> 4,316,514
<INTEREST-INCOME> 1,579,176
<OTHER-INCOME> 0
<EXPENSES-NET> 1,336,454
<NET-INVESTMENT-INCOME> 4,559,236
<REALIZED-GAINS-CURRENT> 9,330,534
<APPREC-INCREASE-CURRENT> 52,679,625
<NET-CHANGE-FROM-OPS> 66,569,395
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 407,720
<DISTRIBUTIONS-OF-GAINS> 1,056,751
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,795,756
<NUMBER-OF-SHARES-REDEEMED> 328,029
<SHARES-REINVESTED> 92,034
<NET-CHANGE-IN-ASSETS> 66,778,330
<ACCUMULATED-NII-PRIOR> 734,120
<ACCUMULATED-GAINS-PRIOR> 9,772,678
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 808,170
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,398,270
<AVERAGE-NET-ASSETS> 267,013,379
<PER-SHARE-NAV-BEGIN> 15.980
<PER-SHARE-NII> 0.250
<PER-SHARE-GAIN-APPREC> 3.850
<PER-SHARE-DIVIDEND> 0.280
<PER-SHARE-DISTRIBUTIONS> 0.910
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.890
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 082
<NAME> Wachovia Funds
Wachovia Equity Index Fund
Class Y
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 168,130,159
<INVESTMENTS-AT-VALUE> 300,007,897
<RECEIVABLES> 6,184,986
<ASSETS-OTHER> 4,639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 306,197,522
<PAYABLE-FOR-SECURITIES> 214,607
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,216,941
<TOTAL-LIABILITIES> 7,431,548
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,107,447
<SHARES-COMMON-STOCK> 13,377,938
<SHARES-COMMON-PRIOR> 13,717,964
<ACCUMULATED-NII-CURRENT> 558,633
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,803,756
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 132,396,423
<NET-ASSETS> 247,850,892
<DIVIDEND-INCOME> 4,316,514
<INTEREST-INCOME> 1,579,176
<OTHER-INCOME> 0
<EXPENSES-NET> 1,336,454
<NET-INVESTMENT-INCOME> 4,559,236
<REALIZED-GAINS-CURRENT> 9,330,534
<APPREC-INCREASE-CURRENT> 52,679,625
<NET-CHANGE-FROM-OPS> 66,569,395
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,327,003
<DISTRIBUTIONS-OF-GAINS> 122,421,705
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,625,782
<NUMBER-OF-SHARES-REDEEMED> 4,964,256
<SHARES-REINVESTED> 1,067,983
<NET-CHANGE-IN-ASSETS> 66,778,330
<ACCUMULATED-NII-PRIOR> 734,120
<ACCUMULATED-GAINS-PRIOR> 9,772,678
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 808,170
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,398,270
<AVERAGE-NET-ASSETS> 267,013,379
<PER-SHARE-NAV-BEGIN> 15.980
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> 3.860
<PER-SHARE-DIVIDEND> 0.310
<PER-SHARE-DISTRIBUTIONS> 0.910
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.910
<EXPENSE-RATIO> 0.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 091
<NAME> Wachovia Funds
Wachovia Short-Term Fixed Income Fund
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 96,320,545
<INVESTMENTS-AT-VALUE> 96,496,437
<RECEIVABLES> 3,543,241
<ASSETS-OTHER> 104,377
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100,043,511
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,747,091
<TOTAL-LIABILITIES> 1,747,091
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,768,651
<SHARES-COMMON-STOCK> 740,426
<SHARES-COMMON-PRIOR> 171,280
<ACCUMULATED-NII-CURRENT> 439,852
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,087,885)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 175,892
<NET-ASSETS> 7,233,065
<DIVIDEND-INCOME> 37,059
<INTEREST-INCOME> 7,168,238
<OTHER-INCOME> 0
<EXPENSES-NET> 731,559
<NET-INVESTMENT-INCOME> 6,473,738
<REALIZED-GAINS-CURRENT> (47,627)
<APPREC-INCREASE-CURRENT> (466,786)
<NET-CHANGE-FROM-OPS> 5,959,325
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 146,241
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 598,882
<NUMBER-OF-SHARES-REDEEMED> 42,556
<SHARES-REINVESTED> 12,820
<NET-CHANGE-IN-ASSETS> (19,516,488)
<ACCUMULATED-NII-PRIOR> 150,693
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (4,040,258)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 632,994
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 956,255
<AVERAGE-NET-ASSETS> 114,198,019
<PER-SHARE-NAV-BEGIN> 9.790
<PER-SHARE-NII> 0.500
<PER-SHARE-GAIN-APPREC> (0.010)
<PER-SHARE-DIVIDEND> 0.510
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.770
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 092
<NAME> Wachovia Funds
Wachovia Short-Term Fixed Income Fund
Class Y
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 96,320,545
<INVESTMENTS-AT-VALUE> 96,496,437
<RECEIVABLES> 3,543,241
<ASSETS-OTHER> 104,377
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100,043,511
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,747,091
<TOTAL-LIABILITIES> 1,747,091
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,768,651
<SHARES-COMMON-STOCK> 9,322,019
<SHARES-COMMON-PRIOR> 11,864,487
<ACCUMULATED-NII-CURRENT> 439,852
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,087,885)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 175,892
<NET-ASSETS> 91,063,355
<DIVIDEND-INCOME> 37,059
<INTEREST-INCOME> 7,168,238
<OTHER-INCOME> 0
<EXPENSES-NET> 731,559
<NET-INVESTMENT-INCOME> 6,473,738
<REALIZED-GAINS-CURRENT> (47,627)
<APPREC-INCREASE-CURRENT> (466,786)
<NET-CHANGE-FROM-OPS> 5,959,325
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,039,048
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,976,003
<NUMBER-OF-SHARES-REDEEMED> 5,121,485
<SHARES-REINVESTED> 603,014
<NET-CHANGE-IN-ASSETS> (19,516,488)
<ACCUMULATED-NII-PRIOR> 150,693
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (4,040,258)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 632,994
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 956,255
<AVERAGE-NET-ASSETS> 114,198,019
<PER-SHARE-NAV-BEGIN> 9.790
<PER-SHARE-NII> 0.560
<PER-SHARE-GAIN-APPREC> (0.050)
<PER-SHARE-DIVIDEND> 0.530
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.770
<EXPENSE-RATIO> 0.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 101
<NAME> Wachovia Funds
Wachovia Special Value Fund
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 101,042,706
<INVESTMENTS-AT-VALUE> 100,965,301
<RECEIVABLES> 1,249,134
<ASSETS-OTHER> 471
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 124,709,969
<PAYABLE-FOR-SECURITIES> 55,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,388,656
<TOTAL-LIABILITIES> 2,443,656
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 87,506,983
<SHARES-COMMON-STOCK> 2,026,216
<SHARES-COMMON-PRIOR> 423,876
<ACCUMULATED-NII-CURRENT> 737,862
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,603,810
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,417,658
<NET-ASSETS> 37,765,754
<DIVIDEND-INCOME> 1,291,324
<INTEREST-INCOME> 631,427
<OTHER-INCOME> 0
<EXPENSES-NET> 1,107,704
<NET-INVESTMENT-INCOME> 815,047
<REALIZED-GAINS-CURRENT> 11,566,029
<APPREC-INCREASE-CURRENT> 14,611,780
<NET-CHANGE-FROM-OPS> 26,992,856
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 37,238
<DISTRIBUTIONS-OF-GAINS> 749,987
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,739,422
<NUMBER-OF-SHARES-REDEEMED> 192,159
<SHARES-REINVESTED> 55,077
<NET-CHANGE-IN-ASSETS> 56,927,631
<ACCUMULATED-NII-PRIOR> 267,242
<ACCUMULATED-GAINS-PRIOR> 6,974,557
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 766,650
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,122,756
<AVERAGE-NET-ASSETS> 95,842,068
<PER-SHARE-NAV-BEGIN> 15.670
<PER-SHARE-NII> 0.130
<PER-SHARE-GAIN-APPREC> 4.530
<PER-SHARE-DIVIDEND> 0.080
<PER-SHARE-DISTRIBUTIONS> 1.610
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.640
<EXPENSE-RATIO> 1.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 102
<NAME> Wachovia Funds
Wachovia Special Value Fund
Class Y
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 101,042,706
<INVESTMENTS-AT-VALUE> 100,965,301
<RECEIVABLES> 1,249,134
<ASSETS-OTHER> 471
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 124,709,969
<PAYABLE-FOR-SECURITIES> 55,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,388,656
<TOTAL-LIABILITIES> 2,443,656
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 87,506,983
<SHARES-COMMON-STOCK> 4,526,418
<SHARES-COMMON-PRIOR> 3,744,851
<ACCUMULATED-NII-CURRENT> 737,862
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,603,810
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,417,658
<NET-ASSETS> 84,500,559
<DIVIDEND-INCOME> 1,291,324
<INTEREST-INCOME> 631,427
<OTHER-INCOME> 0
<EXPENSES-NET> 1,107,704
<NET-INVESTMENT-INCOME> 815,047
<REALIZED-GAINS-CURRENT> 11,566,029
<APPREC-INCREASE-CURRENT> 14,611,780
<NET-CHANGE-FROM-OPS> 26,992,856
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 307,189
<DISTRIBUTIONS-OF-GAINS> 6,186,789
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,949,765
<NUMBER-OF-SHARES-REDEEMED> 1,432,685
<SHARES-REINVESTED> 264,487
<NET-CHANGE-IN-ASSETS> 56,927,631
<ACCUMULATED-NII-PRIOR> 267,242
<ACCUMULATED-GAINS-PRIOR> 6,974,557
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 766,650
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,122,756
<AVERAGE-NET-ASSETS> 95,842,068
<PER-SHARE-NAV-BEGIN> 15.670
<PER-SHARE-NII> 0.160
<PER-SHARE-GAIN-APPREC> 4.530
<PER-SHARE-DIVIDEND> 0.080
<PER-SHARE-DISTRIBUTIONS> 1.610
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.670
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 111
<NAME> The Wachovia Funds
Wachovia Balanced Fund
Class A Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 271,432,287
<INVESTMENTS-AT-VALUE> 314,967,715
<RECEIVABLES> 4,529,546
<ASSETS-OTHER> 5,625
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319,502,886
<PAYABLE-FOR-SECURITIES> 433,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,101,467
<TOTAL-LIABILITIES> 12,535,405
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 241,081,997
<SHARES-COMMON-STOCK> 3,844,910
<SHARES-COMMON-PRIOR> 1,400,116
<ACCUMULATED-NII-CURRENT> 1,489,127
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,300,768
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44,095,589
<NET-ASSETS> 50,968,137
<DIVIDEND-INCOME> 2,244,900
<INTEREST-INCOME> 8,483,184
<OTHER-INCOME> 0
<EXPENSES-NET> 2,262,718
<NET-INVESTMENT-INCOME> 8,465,366
<REALIZED-GAINS-CURRENT> 21,825,742
<APPREC-INCREASE-CURRENT> 10,777,276
<NET-CHANGE-FROM-OPS> 41,068,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 672,386
<DISTRIBUTIONS-OF-GAINS> 2,073,561
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,645,070
<NUMBER-OF-SHARES-REDEEMED> 424,714
<SHARES-REINVESTED> 224,438
<NET-CHANGE-IN-ASSETS> 50,735,170
<ACCUMULATED-NII-PRIOR> 1,028,420
<ACCUMULATED-GAINS-PRIOR> 26,558,348
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,986,263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,709,289
<AVERAGE-NET-ASSETS> 283,125,527
<PER-SHARE-NAV-BEGIN> 13.300
<PER-SHARE-NII> 0.340
<PER-SHARE-GAIN-APPREC> 1.400
<PER-SHARE-DIVIDEND> 0.340
<PER-SHARE-DISTRIBUTIONS> 1.440
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.260
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 112
<NAME> The Wachovia Funds
Wachovia Balanced Fund
Class B Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 271,432,287
<INVESTMENTS-AT-VALUE> 314,967,715
<RECEIVABLES> 4,529,546
<ASSETS-OTHER> 5,625
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319,502,886
<PAYABLE-FOR-SECURITIES> 433,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,101,467
<TOTAL-LIABILITIES> 12,535,405
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 241,081,997
<SHARES-COMMON-STOCK> 447,025
<SHARES-COMMON-PRIOR> 137,078
<ACCUMULATED-NII-CURRENT> 1,489,127
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,300,768
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44,095,589
<NET-ASSETS> 5,916,216
<DIVIDEND-INCOME> 2,244,900
<INTEREST-INCOME> 8,483,184
<OTHER-INCOME> 0
<EXPENSES-NET> 2,262,718
<NET-INVESTMENT-INCOME> 8,465,366
<REALIZED-GAINS-CURRENT> 21,825,742
<APPREC-INCREASE-CURRENT> 10,777,276
<NET-CHANGE-FROM-OPS> 41,068,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 71,302
<DISTRIBUTIONS-OF-GAINS> 233,429
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 307,846
<NUMBER-OF-SHARES-REDEEMED> 23,218
<SHARES-REINVESTED> 25,319
<NET-CHANGE-IN-ASSETS> 50,735,170
<ACCUMULATED-NII-PRIOR> 1,028,420
<ACCUMULATED-GAINS-PRIOR> 26,558,348
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,986,263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,709,289
<AVERAGE-NET-ASSETS> 283,125,527
<PER-SHARE-NAV-BEGIN> 13.290
<PER-SHARE-NII> 0.260
<PER-SHARE-GAIN-APPREC> 1.380
<PER-SHARE-DIVIDEND> 0.260
<PER-SHARE-DISTRIBUTIONS> 1.440
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.230
<EXPENSE-RATIO> 1.78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 113
<NAME> The Wachovia Funds
Wachovia Balanced Fund
Class Y Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 271,432,287
<INVESTMENTS-AT-VALUE> 314,967,715
<RECEIVABLES> 4,529,546
<ASSETS-OTHER> 5,625
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319,502,886
<PAYABLE-FOR-SECURITIES> 433,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,101,467
<TOTAL-LIABILITIES> 12,535,405
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 241,081,997
<SHARES-COMMON-STOCK> 18,854,954
<SHARES-COMMON-PRIOR> 17,732,903
<ACCUMULATED-NII-CURRENT> 1,489,127
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,300,768
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44,095,589
<NET-ASSETS> 250,083,128
<DIVIDEND-INCOME> 2,244,900
<INTEREST-INCOME> 8,483,184
<OTHER-INCOME> 0
<EXPENSES-NET> 2,262,718
<NET-INVESTMENT-INCOME> 8,465,366
<REALIZED-GAINS-CURRENT> 21,825,742
<APPREC-INCREASE-CURRENT> 10,777,276
<NET-CHANGE-FROM-OPS> 41,068,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,260,971
<DISTRIBUTIONS-OF-GAINS> 25,776,332
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,538,586
<NUMBER-OF-SHARES-REDEEMED> 6,039,198
<SHARES-REINVESTED> 2,622,663
<NET-CHANGE-IN-ASSETS> 50,735,170
<ACCUMULATED-NII-PRIOR> 1,028,420
<ACCUMULATED-GAINS-PRIOR> 26,558,348
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,986,263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,709,289
<AVERAGE-NET-ASSETS> 283,125,527
<PER-SHARE-NAV-BEGIN> 13.300
<PER-SHARE-NII> 0.380
<PER-SHARE-GAIN-APPREC> 1.390
<PER-SHARE-DIVIDEND> 0.370
<PER-SHARE-DISTRIBUTIONS> 1.440
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.260
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 121
<NAME> The Wachovia Funds
Wachovia Quantitative Equity Fund
Class A Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 151,999,188
<INVESTMENTS-AT-VALUE> 22,554,748
<RECEIVABLES> 2,787,024
<ASSETS-OTHER> 7,435
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 228,339,207
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,348,347
<TOTAL-LIABILITIES> 3,348,347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 130,233,742
<SHARES-COMMON-STOCK> 1,863,738
<SHARES-COMMON-PRIOR> 1,004,767
<ACCUMULATED-NII-CURRENT> 334,146
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,174,710
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 74,248,262
<NET-ASSETS> 35,408,904
<DIVIDEND-INCOME> 3,447,703
<INTEREST-INCOME> 806,563
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<EXPENSES-NET> 1,760,703
<NET-INVESTMENT-INCOME> 2,493,563
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<APPREC-INCREASE-CURRENT> 25,902,907
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<ACCUMULATED-NII-PRIOR> 370,439
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,907,109
<AVERAGE-NET-ASSETS> 191,729,640
<PER-SHARE-NAV-BEGIN> 15.670
<PER-SHARE-NII> 0.180
<PER-SHARE-GAIN-APPREC> 4.140
<PER-SHARE-DIVIDEND> 0.200
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<EXPENSE-RATIO> 1.11
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 122
<NAME> The Wachovia Funds
Wachovia Quantitative Equity Fund
Class B Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 151,999,188
<INVESTMENTS-AT-VALUE> 22,554,748
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<OVERDISTRIBUTION-NII> 0
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<ACCUM-APPREC-OR-DEPREC> 74,248,262
<NET-ASSETS> 6,563,769
<DIVIDEND-INCOME> 3,447,703
<INTEREST-INCOME> 806,563
<OTHER-INCOME> 0
<EXPENSES-NET> 1,760,703
<NET-INVESTMENT-INCOME> 2,493,563
<REALIZED-GAINS-CURRENT> 21,181,733
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<DISTRIBUTIONS-OF-GAINS> 76,012
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<NET-CHANGE-IN-ASSETS> 55,263,165
<ACCUMULATED-NII-PRIOR> 370,439
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<PER-SHARE-NII> 0.080
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 123
<NAME> The Wachovia Funds
Wachovia Quantitative Equity Fund
Class Y Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 151,999,188
<INVESTMENTS-AT-VALUE> 22,554,748
<RECEIVABLES> 2,787,024
<ASSETS-OTHER> 7,435
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<OTHER-ITEMS-LIABILITIES> 3,348,347
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<SHARES-COMMON-STOCK> 9,631,236
<SHARES-COMMON-PRIOR> 9,737,865
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<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 183,018,187
<DIVIDEND-INCOME> 3,447,703
<INTEREST-INCOME> 806,563
<OTHER-INCOME> 0
<EXPENSES-NET> 1,760,703
<NET-INVESTMENT-INCOME> 2,493,563
<REALIZED-GAINS-CURRENT> 21,181,733
<APPREC-INCREASE-CURRENT> 25,902,907
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<DISTRIBUTIONS-OF-GAINS> 7,488,144
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<NET-CHANGE-IN-ASSETS> 55,263,165
<ACCUMULATED-NII-PRIOR> 370,439
<ACCUMULATED-GAINS-PRIOR> 7,360,257
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,345,445
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<GROSS-EXPENSE> 1,907,109
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<PER-SHARE-NAV-BEGIN> 15.670
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> 4.120
<PER-SHARE-DIVIDEND> 0.230
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<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 131
<NAME> Wachovia Funds
Wachovia Emerging Markets Fund
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 151,355,142
<INVESTMENTS-AT-VALUE> 150,004,582
<RECEIVABLES> 2,822,276
<ASSETS-OTHER> 19,696
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 152,846,554
<PAYABLE-FOR-SECURITIES> 3,505,152
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<OTHER-ITEMS-LIABILITIES> 1,645,240
<TOTAL-LIABILITIES> 5,150,392
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<PAID-IN-CAPITAL-COMMON> 151,014,261
<SHARES-COMMON-STOCK> 718,728
<SHARES-COMMON-PRIOR> 470,067
<ACCUMULATED-NII-CURRENT> 1,616,910
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<ACCUMULATED-NET-GAINS> (3,438,850)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,496,159)
<NET-ASSETS> 7,995,785
<DIVIDEND-INCOME> 2,759,645
<INTEREST-INCOME> 578,212
<OTHER-INCOME> 0
<EXPENSES-NET> 2,494,263
<NET-INVESTMENT-INCOME> 843,594
<REALIZED-GAINS-CURRENT> (2,010,173)
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<NET-CHANGE-FROM-OPS> (7,502,085)
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<DISTRIBUTIONS-OF-GAINS> 1,807
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<SHARES-REINVESTED> 4,411
<NET-CHANGE-IN-ASSETS> 19,172,948
<ACCUMULATED-NII-PRIOR> 1,478,908
<ACCUMULATED-GAINS-PRIOR> (17,180)
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,604,745
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<GROSS-EXPENSE> 2,494,263
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<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> (0.470)
<PER-SHARE-DIVIDEND> 0.110
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<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 132
<NAME> Wachovia Funds
Wachovia Emerging Markets Fund
Class Y
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 151,355,142
<INVESTMENTS-AT-VALUE> 150,004,582
<RECEIVABLES> 2,822,276
<ASSETS-OTHER> 19,696
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 152,846,554
<PAYABLE-FOR-SECURITIES> 3,505,152
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,645,240
<TOTAL-LIABILITIES> 5,150,392
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,552,477
<SHARES-COMMON-STOCK> 10,538,413
<SHARES-COMMON-PRIOR> 470,067
<ACCUMULATED-NII-CURRENT> 1,616,910
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,438,850)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,496,159)
<NET-ASSETS> 139,700,377
<DIVIDEND-INCOME> 2,759,645
<INTEREST-INCOME> 578,212
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<EXPENSES-NET> 2,494,263
<NET-INVESTMENT-INCOME> 843,594
<REALIZED-GAINS-CURRENT> (2,010,173)
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</TABLE>