WACHOVIA FUNDS
NSAR-B, 1998-01-29
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<PAGE>      PAGE  1
000 B000000 11/30/97
000 C000000 0000881299
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE WACHOVIA FUNDS
001 B000000 811-6504
001 C000000 4122886331
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 12
007 C010100  1
007 C020100 WACHOVIA U.S. TREASURY MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 WACHOVIA MONEY MARKET FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C020400 WACHOVIA TAX-FREE MONEY MARKET FUND
007 C030400 N
007 C010500  5
007 C020500 WACHOVIA PRIME CASH MANAGEMENT FUND
007 C030500 N
007 C010600  6
007 C020600 WACHOVIA EQUITY FUND
007 C030600 N
007 C010700  7
007 C020700 WACHOVIA FIXED INCOME FUND
007 C030700 N
007 C010800  8
007 C020800 WACHOVIA EQUITY INDEX FUND
007 C030800 N
007 C010900  9
007 C020900 WACHOVIA SHORT-TERM FIXED INCOME FUND
007 C030900 N
007 C011000 10
007 C021000 WACHOVIA SPECIAL VALUES FUND
007 C031000 N
<PAGE>      PAGE  2
007 C011100 11
007 C021100 WACHOVIA BALANCED FUND
007 C031100 N
007 C011200 12
007 C021200 WACHOVIA QUANTITATIVE EQUITY FUND
007 C031200 N
007 C011300 13
007 C021300 WACHOVIA EMERGING MARKETS FUND
007 C031300 N
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 BARING SECURITIES, INC.
020 B000001 04-2455153
020 C000001    185
020 A000002 ING SECURITIES
020 C000002    120
020 A000003 REYNDERS, GRAY & CO., INC.
020 B000003 13-2942212
020 C000003     87
020 A000004 SALOMON BROTHERS, INC.
020 B000004 13-3082694
020 C000004     80
<PAGE>      PAGE  3
020 A000005 S.G. WARBURG & CO., INC.
020 B000005 13-3340045
020 C000005     77
020 A000006 BEAR, STEARNS & CO., INC.
020 B000006 13-3299429
020 C000006     71
020 A000007 RBC DOMINION SECURITIES CORP.
020 C000007     63
020 A000008 PEREGRINE BROKERAGE LTD.
020 C000008     48
020 A000009 CREDIT LYONNAIS SECURITIES (USA), INC.
020 B000009 13-5033225
020 C000009     46
020 A000010 LATINVEST SECURITIES
020 C000010     46
021  000000     1674
022 A000001 GOLDMAN,SACHS & CO.
022 B000001 13-5108880
022 C000001  95470323
022 D000001     41991
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002  31765725
022 D000002     13341
022 A000003 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000003 13-2642206
022 C000003  21970178
022 D000003         0
022 A000004 DAIWA SECURITIES AMERICA, INC.
022 C000004  14066572
022 D000004     58656
022 A000005 CS FIRST BOSTON CORP.
022 B000005 13-5659485
022 C000005  13855746
022 D000005     35071
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-2518466
022 C000006   7460947
022 D000006     29443
022 A000007 ASSOCIATES CORP. OF NORTH AMERICA
022 B000007 74-1494554
022 C000007   1242842
022 D000007         0
022 A000008 LUMMIS & COMPANY
022 B000008 12-2792478
022 C000008    964359
022 D000008         0
022 A000009 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000009 13-5123346
022 C000009    635818
022 D000009     47898
<PAGE>      PAGE  4
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000010 13-5674085
022 C000010    536373
022 D000010    120008
023 C000000  192314869
023 D000000    1354000
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
<PAGE>      PAGE  5
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 C00AA00    85000
081 A00AA00 Y
081 B00AA00 290
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
008 A000101 WACHOVIA ASSET MANAGEMENT
008 B000101 A
008 C000101 801-0000
008 D010101 WINSTON-SALEM
008 D020101 NC
008 D030101 27101
015 A000101 WACHOVIA BANK, N.A.
015 B000101 C
015 C010101 WINSTON-SALEM
015 C020101 NC
015 C030101 27150
015 E030101 X
024  000100 Y
025 A000101 CS FIRST BOSTON
025 C000101 D
025 D000101   50000
025 A000102 GOLDMAN SACHS
025 C000102 D
025 D000102  143755
025 A000103 MORGAN STANLEY
025 C000103 D
025 D000103   50000
025 A000104 NOMURA SECURITIES
025 C000104 D
025 D000104  145000
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100    162972
028 A020100         0
028 A030100         0
028 A040100    152664
028 B010100    152052
028 B020100         0
028 B030100         0
028 B040100    162423
028 C010100    305240
<PAGE>      PAGE  6
028 C020100         0
028 C030100         0
028 C040100    215719
028 D010100    135536
028 D020100         0
028 D030100         0
028 D040100    271439
028 E010100    211123
028 E020100         0
028 E030100         0
028 E040100    111314
028 F010100     91689
028 F020100         0
028 F030100         0
028 F040100    124374
028 G010100   1058612
028 G020100         0
028 G030100         0
028 G040100   1037933
028 H000100         0
029  000100 N
030 A000100      0
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    219
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.500
048 A010100        0
<PAGE>      PAGE  7
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     1000
062 A000100 Y
062 B000100  50.6
062 C000100   0.0
062 D000100  49.5
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
<PAGE>      PAGE  8
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  45
063 B000100  0.0
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
<PAGE>      PAGE  9
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100    32893
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     3024
072 G000100      507
072 H000100        0
072 I000100       50
072 J000100       98
072 K000100        0
072 L000100        7
072 M000100       18
072 N000100       80
072 O000100        0
072 P000100        0
072 Q000100      109
072 R000100       15
072 S000100       11
072 T000100      461
072 U000100        0
072 V000100        0
072 W000100       22
072 X000100     4402
072 Y000100     2490
072 Z000100    30981
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100    25449
072DD020100     5532
072EE000100        0
073 A010100   0.0500
073 A020100   0.0500
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100   310895
074 C000100        0
074 D000100   317526
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     2227
<PAGE>      PAGE  10
074 M000100        0
074 N000100   630648
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     2830
074 S000100        0
074 T000100   627818
074 U010100   510323
074 U020100   117195
074 V010100     1.00
074 V020100     1.00
074 W000100   1.0001
074 X000100       10
074 Y000100        0
075 A000100   604720
075 B000100        0
076  000100     0.00
008 A000201 WACHOVIA ASSET MANAGEMENT
008 B000201 A
008 C000201 801-0000
008 D010201 WINSTON-SALEM
008 D020201 NC
008 D030201 27150
015 A000201 WACHOVIA BANK, N.A.
015 B000201 C
015 C010201 WINSTON-SALEM
015 C020201 NC
015 C030201 27150
015 E030201 X
024  000200 Y
025 A000201 CIBC WOOD GRUNDY
025 C000201 D
025 D000201    9996
025 A000202 GOLDMAN SACHS
025 C000202 D
025 D000202   13760
025 A000203 MORGAN STANLEY
025 C000203 D
025 D000203   50000
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200     43446
028 A020200         2
028 A030200         0
<PAGE>      PAGE  11
028 A040200     45638
028 B010200     57050
028 B020200         3
028 B030200         0
028 B040200     35143
028 C010200     53925
028 C020200         4
028 C030200         0
028 C040200     28940
028 D010200     51617
028 D020200         5
028 D030200         0
028 D040200     50672
028 E010200     65047
028 E020200         0
028 E030200         0
028 E040200     76106
028 F010200     62705
028 F020200         0
028 F030200         0
028 F040200     36612
028 G010200    333790
028 G020200        14
028 G030200         0
028 G040200    273111
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
034  000200 N
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    419
<PAGE>      PAGE  12
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.500
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 Y
053 B000200 Y
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200  15.2
062 E000200   0.0
062 F000200  42.2
062 G000200   0.0
062 H000200   2.2
062 I000200  27.6
<PAGE>      PAGE  13
062 J000200   3.8
062 K000200   0.0
062 L000200   8.3
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  68
063 B000200  0.0
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
<PAGE>      PAGE  14
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200  6
072 B000200    11069
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      996
072 G000200      168
072 H000200        0
072 I000200       32
072 J000200       36
072 K000200        0
072 L000200       13
072 M000200        7
072 N000200       12
072 O000200        0
072 P000200        0
072 Q000200       47
072 R000200        8
072 S000200        5
072 T000200      508
072 U000200        0
072 V000200        0
072 W000200        8
072 X000200     1841
072 Y000200      576
072 Z000200     9805
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200     3735
072DD020200     6070
072EE000200        0
073 A010200   0.0300
073 A020200   0.0200
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200    63760
074 C000200   352867
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
<PAGE>      PAGE  15
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     4894
074 M000200        2
074 N000200   421523
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200     1992
074 S000200        0
074 T000200   419531
074 U010200   154806
074 U020200   264725
074 V010200     1.00
074 V020200     1.00
074 W000200   1.0000
074 X000200       70
074 Y000200        0
075 A000200   399379
075 B000200        0
076  000200     0.00
008 A000401 WACHOVIA ASSET MANAGEMENT
008 B000401 A
008 C000401 801-0000
008 D010401 WINSTON-SALEM
008 D020401 NC
008 D030401 27101
015 A000401 WACHOVIA BANK, N.A.
015 B000401 C
015 C010401 WINSTON-SALEM
015 C020401 NC
015 C030401 27150
015 E030401 X
024  000400 Y
025 A000401 DREYFUS
025 C000401 E
025 D000401    2548
025 A000402 FIDELITY
025 C000402 E
025 D000402    7950
025 D000403       0
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
<PAGE>      PAGE  16
028 A010400     38633
028 A020400         0
028 A030400         0
028 A040400     35951
028 B010400     59492
028 B020400         0
028 B030400         0
028 B040400     36469
028 C010400     27141
028 C020400         0
028 C030400         0
028 C040400     26861
028 D010400     39621
028 D020400         0
028 D030400         0
028 D040400     57230
028 E010400     32243
028 E020400         0
028 E030400         0
028 E040400     27643
028 F010400     29719
028 F020400         0
028 F030400         0
028 F040400     26514
028 G010400    226849
028 G020400         0
028 G030400         0
028 G040400    210668
028 H000400         0
029  000400 N
030 A000400      0
030 B000400  0.00
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400      0
033  000400      0
034  000400 N
035  000400      0
036 B000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 Y
042 A000400   0
042 B000400   0
042 C000400 100
042 D000400   0
042 E000400   0
042 F000400   0
<PAGE>      PAGE  17
042 G000400   0
042 H000400   0
043  000400    172
044  000400      0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.500
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     1000
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400  95.0
<PAGE>      PAGE  18
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   4.6
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   4.2
063 A000400  43
063 B000400  0.0
064 A000400 Y
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
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070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
<PAGE>      PAGE  19
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070 P010400 Y
070 P020400 N
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070 Q020400 N
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070 R020400 N
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<PAGE>      PAGE  20
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015 A000501 WACHOVIA BANK, N.A.
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015 C030501 27150
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<PAGE>      PAGE  21
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032  000500      0
033  000500      0
034  000500 N
035  000500      0
036 B000500      0
037  000500 N
038  000500      0
039  000500 N
040  000500 N
042 A000500   0
042 B000500   0
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<PAGE>      PAGE  22
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042 E000500   0
042 F000500   0
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045  000500 Y
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050  000500 N
051  000500 N
052  000500 N
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053 B000500 Y
053 C000500 N
055 A000500 N
055 B000500 N
056  000500 Y
057  000500 N
058 A000500 N
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060 A000500 Y
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<PAGE>      PAGE  23
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064 A000500 N
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
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
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070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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034  000600 Y
035  000600      3
036 A000600 N
<PAGE>      PAGE  27
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037  000600 N
038  000600      0
039  000600 N
040  000600 Y
041  000600 Y
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045  000600 Y
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050  000600 N
051  000600 N
052  000600 N
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053 C000600 N
055 A000600 N
055 B000600 N
<PAGE>      PAGE  28
056  000600 Y
057  000600 N
058 A000600 N
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066 C000600 N
066 D000600 N
066 E000600 Y
066 F000600 N
066 G000600 N
067  000600 N
068 A000600 N
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070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
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070 C020600 N
070 D010600 Y
070 D020600 N
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070 E020600 N
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070 F020600 Y
070 G010600 Y
<PAGE>      PAGE  29
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070 H020600 N
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070 I020600 N
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070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
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070 M020600 N
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070 N020600 N
070 O010600 Y
070 O020600 N
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070 Q020600 N
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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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039  000700 N
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<PAGE>      PAGE  33
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055 B000700 N
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058 A000700 N
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067  000700 N
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<PAGE>      PAGE  34
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070 F020700 N
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070 G020700 N
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070 H020700 N
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070 I020700 N
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070 J020700 N
070 K010700 Y
070 K020700 N
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070 M020700 N
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070 N020700 N
070 O010700 Y
070 O020700 N
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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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028 B040800      7299
028 C010800      6857
028 C020800         0
028 C030800         0
028 C040800      6131
028 D010800      3614
028 D020800      1197
028 D030800         0
028 D040800     10707
028 E010800     16223
028 E020800         0
028 E030800         0
028 E040800     16819
028 F010800      3668
028 F020800         0
028 F030800         0
028 F040800     13960
028 G010800     50424
028 G020800      2409
028 G030800         0
028 G040800     58158
028 H000800     19210
029  000800 Y
030 A000800    343
030 B000800  4.50
030 C000800  0.25
031 A000800     35
031 B000800      0
032  000800    308
033  000800      0
034  000800 N
035  000800      0
036 B000800      0
037  000800 N
038  000800      0
039  000800 N
040  000800 N
042 A000800   0
042 B000800   0
<PAGE>      PAGE  38
042 C000800   0
042 D000800   0
042 E000800   0
042 F000800   0
042 G000800   0
042 H000800   0
043  000800      0
044  000800      0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.300
048 A010800        0
048 A020800 0.000
048 B010800        0
048 B020800 0.000
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
049  000800 N
050  000800 N
051  000800 N
052  000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
055 A000800 N
055 B000800 N
056  000800 Y
057  000800 N
058 A000800 N
059  000800 Y
060 A000800 Y
060 B000800 Y
061  000800      250
062 A000800 N
<PAGE>      PAGE  39
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
062 L000800   0.0
062 M000800   0.0
062 N000800   0.0
062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800   0
063 B000800  0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 Y
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 Y
070 F020800 Y
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
<PAGE>      PAGE  40
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800    159801
071 B000800    154418
071 C000800      3860
071 D000800    4
072 A000800 12
072 B000800     1579
072 C000800     4316
072 D000800        0
072 E000800        0
072 F000800      808
072 G000800      226
072 H000800        0
072 I000800       86
072 J000800       53
072 K000800        0
072 L000800        3
072 M000800        8
072 N000800       44
072 O000800        0
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
074 V021100     0.00
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
028 B031200         0
028 B041200      2429
028 C011200      3704
028 C021200         0
028 C031200         0
028 C041200      1847
028 D011200      4056
028 D021200       554
028 D031200         0
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
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200    137640
071 B001200    130741
071 C001200    176677
071 D001200   74
072 A001200 12
072 B001200      807
072 C001200     3448
072 D001200        0
072 E001200        0
072 F001200     1345
072 G001200      161
072 H001200        0
072 I001200      113
072 J001200       38
072 K001200        0
072 L001200        4
072 M001200        6
072 N001200       32
072 O001200        0
072 P001200        0
072 Q001200       80
072 R001200       15
072 S001200        5
<PAGE>      PAGE  62
072 T001200       89
072 U001200        0
072 V001200        0
072 W001200       19
072 X001200     1907
072 Y001200      146
072 Z001200     2494
072AA001200    21182
072BB001200        0
072CC011200    25903
072CC021200        0
072DD011200      253
072DD021200     2273
072EE001200     8371
073 A011200   0.0000
073 A021200   0.0000
073 B001200   0.7900
073 C001200   0.0000
074 A001200        0
074 B001200     1404
074 C001200    24164
074 D001200        0
074 E001200        0
074 F001200   199977
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200     2787
074 M001200        7
074 N001200   228339
074 O001200        0
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200     3348
074 S001200        0
074 T001200   224991
074 U011200     1864
074 U021200     9978
074 V011200     0.00
074 V021200     0.00
074 W001200   0.0000
074 X001200     3920
074 Y001200        0
075 A001200        0
075 B001200   191730
076  001200     0.00
<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
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300     10562
028 A021300         0
028 A031300         0
028 A041300       727
028 B011300      2718
028 B021300         0
028 B031300         0
028 B041300      9103
028 C011300      2177
028 C021300         0
028 C031300         0
028 C041300       324
028 D011300      2112
028 D021300         0
028 D031300         0
028 D041300       738
028 E011300      3507
028 E021300         0
028 E031300         0
028 E041300      1207
028 F011300      3314
<PAGE>      PAGE  64
028 F021300         0
028 F031300         0
028 F041300       726
028 G011300     24390
028 G021300         0
028 G031300         0
028 G041300     12825
028 H001300      2871
029  001300 Y
030 A001300     97
030 B001300  4.50
030 C001300  0.00
031 A001300     10
031 B001300      0
032  001300     87
033  001300      0
034  001300 N
035  001300      0
036 B001300      0
037  001300 N
038  001300      0
039  001300 N
040  001300 N
042 A001300   0
042 B001300   0
042 C001300   0
042 D001300   0
042 E001300   0
042 F001300   0
042 G001300   0
042 H001300   0
043  001300      0
044  001300      0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  1.000
048 A011300        0
048 A021300 0.000
048 B011300        0
048 B021300 0.000
048 C011300        0
048 C021300 0.000
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
<PAGE>      PAGE  65
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 N
055 A001300 N
055 B001300 N
056  001300 Y
057  001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300      250
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
063 A001300   0
063 B001300  0.0
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
<PAGE>      PAGE  66
068 B001300 Y
069  001300 N
070 A011300 Y
070 A021300 Y
070 B011300 Y
070 B021300 N
070 C011300 Y
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
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300    100106
071 B001300     86755
071 C001300    144592
071 D001300   60
072 A001300 12
072 B001300      578
072 C001300     2760
072 D001300        0
072 E001300        0
072 F001300     1605
072 G001300      134
072 H001300        0
072 I001300      102
<PAGE>      PAGE  67
072 J001300      483
072 K001300        0
072 L001300        5
072 M001300        6
072 N001300       30
072 O001300        0
072 P001300        0
072 Q001300       67
072 R001300       15
072 S001300       15
072 T001300       17
072 U001300        0
072 V001300        0
072 W001300       15
072 X001300     2494
072 Y001300        0
072 Z001300      844
072AA001300        0
072BB001300     2010
072CC011300        0
072CC021300     6336
072DD011300       49
072DD021300     1159
072EE001300        0
073 A011300   0.1100
073 A021300   0.1100
073 B001300   0.0000
073 C001300   0.0000
074 A001300        0
074 B001300    10487
074 C001300    11475
074 D001300     8572
074 E001300     6027
074 F001300   113444
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300     2616
074 K001300        0
074 L001300      206
074 M001300       20
074 N001300   152847
074 O001300     3505
074 P001300        0
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300     1645
074 S001300        0
074 T001300   147697
<PAGE>      PAGE  68
074 U011300      718
074 U021300    12552
074 V011300    11.12
074 V021300    11.13
074 W001300   0.0000
074 X001300     4781
074 Y001300        0
075 A001300        0
075 B001300   157417
076  001300     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     Wachovia Funds                                 
                                Wachovia U.S. Treasury Money Market Fund       
                                Institutional Shares                           
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           628,420,637                                    
<INVESTMENTS-AT-VALUE>          628,420,637                                    
<RECEIVABLES>                   2,227,335                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  630,647,972                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,830,443                                      
<TOTAL-LIABILITIES>             2,830,443                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        627,817,529                                    
<SHARES-COMMON-STOCK>           510,322,828                                    
<SHARES-COMMON-PRIOR>           302,305,867                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    510,322,828                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               32,893,170                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,912,041                                      
<NET-INVESTMENT-INCOME>         30,981,129                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           30,981,129                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       25,449,095                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,734,312,598                                  
<NUMBER-OF-SHARES-REDEEMED>     1,526,295,637                                  
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          221,175,948                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,023,600                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,401,822                                      
<AVERAGE-NET-ASSETS>            604,719,927                                    
<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>                 0.24                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     Wachovia Funds                                 
                                Wachovia U.S. Treasury Money Market Fund       
                                Investment Shares                              
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           628,420,637                                    
<INVESTMENTS-AT-VALUE>          628,420,637                                    
<RECEIVABLES>                   2,227,335                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  630,647,972                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,830,443                                      
<TOTAL-LIABILITIES>             2,830,443                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        627,817,529                                    
<SHARES-COMMON-STOCK>           117,494,701                                    
<SHARES-COMMON-PRIOR>           104,335,714                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    117,494,701                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               32,893,170                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,912,041                                      
<NET-INVESTMENT-INCOME>         30,981,129                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           30,981,129                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       5,532,034                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         250,482,911                                    
<NUMBER-OF-SHARES-REDEEMED>     237,323,924                                    
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          221,175,948                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,023,600                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,401,822                                      
<AVERAGE-NET-ASSETS>            604,719,927                                    
<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>                 0.64                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   021                                            
     <NAME>                     Wachovia Funds                                 
                                Wachovia Money Market Fund                     
                                Institutional Shares                           
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           475,742,280                                    
<INVESTMENTS-AT-VALUE>          475,742,280                                    
<RECEIVABLES>                   4,321,209                                      
<ASSETS-OTHER>                  1,549                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  480,065,038                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,147,041                                      
<TOTAL-LIABILITIES>             2,147,041                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        477,917,997                                    
<SHARES-COMMON-STOCK>           157,438,376                                    
<SHARES-COMMON-PRIOR>           135,747,775                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    157,438,376                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               23,995,517                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  2,706,874                                      
<NET-INVESTMENT-INCOME>         21,288,643                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           21,288,643                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       8,124,369                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         266,957,724                                    
<NUMBER-OF-SHARES-REDEEMED>     245,267,123                                    
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          111,907,364                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,133,189                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 3,914,526                                      
<AVERAGE-NET-ASSETS>            423,075,950                                    
<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>                 0.38                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   022                                            
     <NAME>                     Wachovia Funds                                 
                                Wachovia Money Market Fund                     
                                Investment Shares                              
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           475,742,280                                    
<INVESTMENTS-AT-VALUE>          475,742,280                                    
<RECEIVABLES>                   4,321,209                                      
<ASSETS-OTHER>                  1,549                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  480,065,038                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,147,041                                      
<TOTAL-LIABILITIES>             2,147,041                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        477,917,997                                    
<SHARES-COMMON-STOCK>           320,479,621                                    
<SHARES-COMMON-PRIOR>           230,262,858                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    157,438,376                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               23,995,517                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  2,706,874                                      
<NET-INVESTMENT-INCOME>         21,288,643                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           21,288,643                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       13,164,274                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         387,865,930                                    
<NUMBER-OF-SHARES-REDEEMED>     297,700,811                                    
<SHARES-REINVESTED>             51,644                                         
<NET-CHANGE-IN-ASSETS>          111,907,364                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,133,189                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 3,914,526                                      
<AVERAGE-NET-ASSETS>            423,075,950                                    
<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>                 0.78                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   041                                            
     <NAME>                     Wachovia Funds                                 
                                Wachovia Tax-Free Money Market Fund            
                                Institutional Shares                           
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           267,226,774                                    
<INVESTMENTS-AT-VALUE>          267,226,774                                    
<RECEIVABLES>                   1,977,654                                      
<ASSETS-OTHER>                  1,565                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  269,205,993                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       881,384                                        
<TOTAL-LIABILITIES>             881,384                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        268,324,609                                    
<SHARES-COMMON-STOCK>           182,472,936                                    
<SHARES-COMMON-PRIOR>           118,876,592                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    182,472,936                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               9,431,157                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  973,593                                        
<NET-INVESTMENT-INCOME>         8,457,564                                      
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           8,457,564                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       5,961,634                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         253,485,355                                    
<NUMBER-OF-SHARES-REDEEMED>     189,889,011                                    
<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                                      
<AVERAGE-NET-ASSETS>            263,691,079                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.030                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.030                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             1.000                                          
<EXPENSE-RATIO>                 0.24                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   042                                            
     <NAME>                     Wachovia Funds                                 
                                Wachovia Tax-Free Money Market Fund            
                                Investment Shares                              
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           267,226,774                                    
<INVESTMENTS-AT-VALUE>          267,226,774                                    
<RECEIVABLES>                   1,977,654                                      
<ASSETS-OTHER>                  1,565                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  269,205,993                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       881,384                                        
<TOTAL-LIABILITIES>             881,384                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        268,324,609                                    
<SHARES-COMMON-STOCK>           85,851,673                                     
<SHARES-COMMON-PRIOR>           74,922,365                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    85,851,673                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               9,431,157                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  973,593                                        
<NET-INVESTMENT-INCOME>         8,457,564                                      
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           8,457,564                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,495,930                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         234,579,190                                    
<NUMBER-OF-SHARES-REDEEMED>     223,649,882                                    
<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                                      
<AVERAGE-NET-ASSETS>            263,691,079                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.030                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.030                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             1.000                                          
<EXPENSE-RATIO>                 0.64                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</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                                  
<PAYABLE-FOR-SECURITIES>        0                                              
<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                                        
<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                                     
<NET-CHANGE-FROM-OPS>           49,578,203                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       252,900                                        
<DISTRIBUTIONS-OF-GAINS>        807,333                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         965,307                                        
<NUMBER-OF-SHARES-REDEEMED>     175,182                                        
<SHARES-REINVESTED>             68,846                                         
<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                                      
<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                                          
<PER-SHARE-DISTRIBUTIONS>       0.790                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.000                                         
<EXPENSE-RATIO>                 1.11                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</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                                     
<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>           346,358                                        
<SHARES-COMMON-PRIOR>           90,362                                         
<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>                    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                                     
<APPREC-INCREASE-CURRENT>       25,902,907                                     
<NET-CHANGE-FROM-OPS>           49,578,203                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       14,224                                         
<DISTRIBUTIONS-OF-GAINS>        76,012                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         259,394                                        
<NUMBER-OF-SHARES-REDEEMED>     9,470                                          
<SHARES-REINVESTED>             6,072                                          
<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                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,907,109                                      
<AVERAGE-NET-ASSETS>            191,729,640                                    
<PER-SHARE-NAV-BEGIN>           15.650                                         
<PER-SHARE-NII>                 0.080                                          
<PER-SHARE-GAIN-APPREC>         4.100                                          
<PER-SHARE-DIVIDEND>            0.090                                          
<PER-SHARE-DISTRIBUTIONS>       0.790                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.950                                         
<EXPENSE-RATIO>                 1.85                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</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                                          
<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>           9,631,236                                      
<SHARES-COMMON-PRIOR>           9,737,865                                      
<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>                    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                                     
<NET-CHANGE-FROM-OPS>           49,578,203                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,258,523                                      
<DISTRIBUTIONS-OF-GAINS>        7,488,144                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,230,624                                      
<NUMBER-OF-SHARES-REDEEMED>     1,933,606                                      
<SHARES-REINVESTED>             596,353                                        
<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                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,907,109                                      
<AVERAGE-NET-ASSETS>            191,729,640                                    
<PER-SHARE-NAV-BEGIN>           15.670                                         
<PER-SHARE-NII>                 0.230                                          
<PER-SHARE-GAIN-APPREC>         4.120                                          
<PER-SHARE-DIVIDEND>            0.230                                          
<PER-SHARE-DISTRIBUTIONS>       0.790                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.000                                         
<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                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,645,240                                      
<TOTAL-LIABILITIES>             5,150,392                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        151,014,261                                    
<SHARES-COMMON-STOCK>           718,728                                        
<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>                    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)                                    
<APPREC-INCREASE-CURRENT>       (6,335,506)                                    
<NET-CHANGE-FROM-OPS>           (7,502,085)                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       48,643                                         
<DISTRIBUTIONS-OF-GAINS>        1,807                                          
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         397,024                                        
<NUMBER-OF-SHARES-REDEEMED>     152,774                                        
<SHARES-REINVESTED>             4,411                                          
<NET-CHANGE-IN-ASSETS>          19,172,948                                     
<ACCUMULATED-NII-PRIOR>         1,478,908                                      
<ACCUMULATED-GAINS-PRIOR>       (17,180)                                       
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,604,745                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,494,263                                      
<AVERAGE-NET-ASSETS>            157,416,875                                    
<PER-SHARE-NAV-BEGIN>           11.670                                         
<PER-SHARE-NII>                 0.030                                          
<PER-SHARE-GAIN-APPREC>         (0.470)                                        
<PER-SHARE-DIVIDEND>            0.110                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.120                                         
<EXPENSE-RATIO>                 1.79                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<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                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  2,494,263                                      
<NET-INVESTMENT-INCOME>         843,594                                        
<REALIZED-GAINS-CURRENT>        (2,010,173)                                    
<APPREC-INCREASE-CURRENT>       (6,335,506)                                    
<NET-CHANGE-FROM-OPS>           (7,502,085)                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,158,562                                      
<DISTRIBUTIONS-OF-GAINS>        43,032                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,238,727                                      
<NUMBER-OF-SHARES-REDEEMED>     1,251,929                                      
<SHARES-REINVESTED>             27,266                                         
<NET-CHANGE-IN-ASSETS>          19,172,948                                     
<ACCUMULATED-NII-PRIOR>         1,478,908                                      
<ACCUMULATED-GAINS-PRIOR>       (17,180)                                       
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,604,745                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,494,263                                      
<AVERAGE-NET-ASSETS>            157,416,875                                    
<PER-SHARE-NAV-BEGIN>           11.670                                         
<PER-SHARE-NII>                 0.070                                          
<PER-SHARE-GAIN-APPREC>         (0.500)                                        
<PER-SHARE-DIVIDEND>            0.110                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.130                                         
<EXPENSE-RATIO>                 1.54                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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