WACHOVIA FUNDS
NSAR-A, 1998-07-30
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<PAGE>      PAGE  1
000 A000000 05/31/98
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 14
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 C021400 WACHOVIA GROWTH AND INCOME FUND
007 C031400 N
007 C011500 15
007 C021500 WACHOVIA INTERMEDIATE FIXED INCOME FUND
007 C031500 N
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 FEDERATED SERVICES COMPANY
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 REYNDERS GRAY & CO., INC.
020 B000001 13-2942212
020 C000001    146
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002     60
020 A000003 ING BARINGS SECURITIES, INC.
<PAGE>      PAGE  3
020 C000003     45
020 A000004 DEUTSCHE BANK SEC.
020 C000004     39
020 A000005 SANTANDER INVESTMENT SECURITIES
020 C000005     36
020 A000006 SOCIETE GENERALE SECURITIES CO.
020 C000006     32
020 A000007 BEAR STEARNS & CO., INC.
020 B000007 13-3299429
020 C000007     30
020 A000008 PORTSMOUTH FINANCIAL SERVICES
020 C000008     24
020 A000009 RBC DONIMION SECURITIES CORP.
020 C000009     23
020 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000010 13-5674085
020 C000010     23
021  000000      823
022 A000001 GOLDMAN,SACHS & CO.
022 B000001 13-5108880
022 C000001  54045724
022 D000001      7146
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002  40928540
022 D000002     15200
022 A000003 CS FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003  29869754
022 D000003      4779
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004   6479206
022 D000004     31319
022 A000005 LUMMIS & COMPANY
022 B000005 12-2792478
022 C000005   1381953
022 D000005         0
022 A000006 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000006 13-2642206
022 C000006   1100747
022 D000006         0
022 A000007 FUJI GOVERNMENT SECURITIES, INC.
022 C000007    399263
022 D000007     92512
022 A000008 PAINEWEBBER, INC.
022 B000008 13-2638166
022 C000008    365991
022 D000008     88878
022 A000009 LEHMAN BROTHERS, INC.
022 B000009 13-2518466
<PAGE>      PAGE  4
022 C000009    380570
022 D000009     32141
022 A000010 MORGAN, J.P. SECURITIES, INC.
022 C000010    388303
022 D000010      2430
023 C000000  137012327
023 D000000     768589
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 N
078  000000 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 N
025 D000101       0
025 D000102       0
025 D000103       0
025 D000104       0
<PAGE>      PAGE  5
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100    103644
028 A020100         0
028 A030100         0
028 A040100    131570
028 B010100    179810
028 B020100         0
028 B030100         0
028 B040100    135250
028 C010100    122044
028 C020100         0
028 C030100         0
028 C040100    119416
028 D010100    236145
028 D020100         0
028 D030100         0
028 D040100    108985
028 E010100    157925
028 E020100         0
028 E030100         0
028 E040100    205117
028 F010100     95001
028 F020100         4
028 F030100         0
028 F040100     85612
028 G010100    894569
028 G020100         4
028 G030100         0
028 G040100    785950
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
<PAGE>      PAGE  6
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    260
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.500
048 A010100        0
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
<PAGE>      PAGE  7
062 B000100  43.0
062 C000100   0.0
062 D000100  55.2
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
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  49
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
<PAGE>      PAGE  8
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
071 C000100         0
071 D000100    0
072 A000100  6
072 B000100    18738
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     1704
072 G000100      331
072 H000100        0
072 I000100        2
072 J000100       53
072 K000100        0
072 L000100       11
072 M000100        8
072 N000100       31
072 O000100        0
072 P000100        0
072 Q000100        2
072 R000100        8
072 S000100        7
072 T000100      260
072 U000100        0
072 V000100        0
072 W000100        9
072 X000100     2426
072 Y000100     1348
072 Z000100    17660
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100    14462
072DD020100     3199
072EE000100        0
073 A010100   0.0300
073 A020100   0.0200
073 B000100   0.0000
<PAGE>      PAGE  9
073 C000100   0.0000
074 A000100    35764
074 B000100   406200
074 C000100   316894
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100       13
074 K000100        0
074 L000100     2803
074 M000100        0
074 N000100   761674
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100    25233
074 S000100        0
074 T000100   736441
074 U010100   595137
074 U020100   141303
074 V010100     1.00
074 V020100     1.00
074 W000100   0.9999
074 X000100      104
074 Y000100        0
075 A000100   683454
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 N
025 D000201       0
025 D000202       0
025 D000203       0
025 D000204       0
<PAGE>      PAGE  10
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200     57994
028 A020200        21
028 A030200         0
028 A040200     53243
028 B010200    105993
028 B020200        28
028 B030200         0
028 B040200     70279
028 C010200     63279
028 C020200        29
028 C030200         0
028 C040200     31461
028 D010200     93058
028 D020200        40
028 D030200         0
028 D040200     94804
028 E010200     91103
028 E020200        42
028 E030200         0
028 E040200     76508
028 F010200     41415
028 F020200         0
028 F030200         0
028 F040200     46439
028 G010200    452842
028 G020200       160
028 G030200         0
028 G040200    372734
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
<PAGE>      PAGE  11
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    721
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
<PAGE>      PAGE  12
062 C000200   2.7
062 D000200  26.4
062 E000200   0.0
062 F000200  25.6
062 G000200   0.0
062 H000200   2.7
062 I000200  34.5
062 J000200   7.2
062 K000200   0.0
062 L000200   0.9
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  60
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 Y
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
<PAGE>      PAGE  13
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
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    15239
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200     1344
072 G000200      260
072 H000200        0
072 I000200        2
072 J000200       46
072 K000200        0
072 L000200       11
072 M000200        7
072 N000200       11
072 O000200        0
072 P000200        0
072 Q000200        2
072 R000200        8
072 S000200        7
072 T000200      721
072 U000200        0
072 V000200        0
072 W000200        9
072 X000200     2428
072 Y000200      685
072 Z000200    13496
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200     4672
072DD020200     8824
072EE000200        0
073 A010200   0.0300
073 A020200   0.0200
073 B000200   0.0000
073 C000200   0.0000
<PAGE>      PAGE  14
074 A000200        0
074 B000200   147116
074 C000200   410471
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     3764
074 M000200        0
074 N000200   561351
074 O000200      513
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200     2652
074 S000200        0
074 T000200   558186
074 U010200   180715
074 U020200   377471
074 V010200     1.00
074 V020200     1.00
074 W000200   1.0000
074 X000200      209
074 Y000200        0
075 A000200   538982
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 N
025 D000401       0
025 D000402       0
025 D000403       0
025 D000404       0
025 D000405       0
<PAGE>      PAGE  15
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400     60598
028 A020400         0
028 A030400         0
028 A040400     30261
028 B010400     48838
028 B020400         0
028 B030400         0
028 B040400     40847
028 C010400     56321
028 C020400         0
028 C030400         0
028 C040400     29585
028 D010400     29415
028 D020400         0
028 D030400         0
028 D040400     34905
028 E010400     77944
028 E020400         0
028 E030400         0
028 E040400     60447
028 F010400     71428
028 F020400         0
028 F030400         0
028 F040400     53101
028 G010400    344544
028 G020400         0
028 G030400         0
028 G040400    249146
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
<PAGE>      PAGE  16
042 D000400   0
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400    202
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
<PAGE>      PAGE  17
062 C000400   0.0
062 D000400   0.0
062 E000400  91.3
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   8.2
063 A000400  27
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
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
<PAGE>      PAGE  18
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400         0
071 B000400         0
071 C000400         0
071 D000400    0
072 A000400  6
072 B000400     5813
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400      812
072 G000400      157
072 H000400        0
072 I000400        2
072 J000400       31
072 K000400        0
072 L000400       11
072 M000400        4
072 N000400        9
072 O000400        0
072 P000400        0
072 Q000400        2
072 R000400        8
072 S000400        4
072 T000400      202
072 U000400        0
072 V000400        0
072 W000400        9
072 X000400     1250
072 Y000400      659
072 Z000400     5221
072AA000400        0
072BB000400        0
072CC010400        0
072CC020400        0
072DD010400     3737
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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032  000500      0
033  000500      0
034  000500 N
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036 B000500      0
037  000500 N
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039  000500 N
040  000500 N
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<PAGE>      PAGE  21
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050  000500 N
051  000500 N
052  000500 N
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055 A000500 N
055 B000500 N
056  000500 Y
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<PAGE>      PAGE  22
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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
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070 B020500 N
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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 Y
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
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<PAGE>      PAGE  23
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070 O020500 N
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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039  000600 N
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041  000600 Y
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052  000600 N
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<PAGE>      PAGE  27
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055 A000600 N
055 B000600 N
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057  000600 N
058 A000600 N
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066 A000600 Y
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066 C000600 N
066 D000600 N
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066 G000600 N
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068 A000600 N
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069  000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
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070 D020600 N
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070 E020600 N
<PAGE>      PAGE  28
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070 H010600 Y
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
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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039  000700 N
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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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
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062 A000800 N
062 B000800   0.0
<PAGE>      PAGE  38
062 C000800   0.0
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062 E000800   0.0
062 F000800   0.0
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062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
062 L000800   0.0
062 M000800   0.0
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062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
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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
070 K020800 N
<PAGE>      PAGE  39
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
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072 B000800      685
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<PAGE>      PAGE  40
073 A010800   0.1200
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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
025 A000901 LEHMAN BROTHERS HOLDINGS
<PAGE>      PAGE  41
025 C000901 D
025 D000901    2775
025 A000902 MORGAN STANLEY GROUP
025 C000902 D
025 D000902     998
025 A000903 MERRILL LYNCH
025 C000903 D
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025 D000906       0
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029  000900 Y
030 A000900      1
030 B000900  2.50
030 C000900  0.00
031 A000900      0
031 B000900      0
032  000900      1
033  000900      0
034  000900 N
<PAGE>      PAGE  42
035  000900      0
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
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048 B020900 0.000
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048 D020900 0.000
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048 E020900 0.000
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048 F020900 0.000
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048 G020900 0.000
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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
<PAGE>      PAGE  43
056  000900 Y
057  000900 N
058 A000900 N
059  000900 Y
060 A000900 Y
060 B000900 Y
061  000900      250
062 A000900 Y
062 B000900   0.0
062 C000900   0.0
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062 E000900   0.0
062 F000900   0.0
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062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900  33.1
062 N000900   8.8
062 O000900   0.0
062 P000900  52.1
062 Q000900   0.0
062 R000900   3.4
063 A000900   0
063 B000900  2.4
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
<PAGE>      PAGE  44
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 Y
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     84089
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072 A000900  6
072 B000900     3116
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072AA000900      258
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<PAGE>      PAGE  45
072CC010900      125
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072EE000900        0
073 A010900   0.2800
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073 B000900   0.0000
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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
<PAGE>      PAGE  46
015 C021001 NC
015 C031001 27150
015 E031001 X
024  001000 N
025 D001001       0
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025 D001003       0
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028 A011000     11734
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030 B001000  4.50
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031 B001000      0
032  001000    449
033  001000      0
034  001000 N
035  001000      0
<PAGE>      PAGE  47
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
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048 D021000 0.000
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048 E021000 0.000
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048 F021000 0.000
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048 G021000 0.000
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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 N
055 A001000 N
055 B001000 N
056  001000 Y
057  001000 N
058 A001000 N
<PAGE>      PAGE  48
059  001000 Y
060 A001000 Y
060 B001000 Y
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062 A001000 N
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062 D001000   0.0
062 E001000   0.0
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062 H001000   0.0
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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
070 E021000 N
070 F011000 Y
070 F021000 Y
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
<PAGE>      PAGE  49
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 N
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     44202
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072 Z001000     1020
072AA001000     5802
<PAGE>      PAGE  50
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072EE001000    11569
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008 A001101 WACHOVIA ASSET MANAGEMENT
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
<PAGE>      PAGE  51
015 C011101 WINSTON-SALEM
015 C021101 NC
015 C031101 27150
015 E031101 X
024  001100 Y
025 A001101 AMERICAN EXPRESS
025 C001101 E
025 D001101    2646
025 A001102 CHASE MANHATTAN
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025 D001102    2167
025 A001103 CITICORP
025 C001103 E
025 D001103     848
025 A001104 MERRILL  LYNCH
025 C001104 E
025 D001104     879
025 A001105 TRAVELERS GROUP
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025 D001105    1593
025 A001106 BEAR STEARNS
025 C001106 D
025 D001106    2544
025 A001107 CHASE MANHATTAN CORP.
025 C001107 D
025 D001107    1168
025 A001108 LEHMAN BROTHERS
025 C001108 D
025 D001108    1995
025 A001109 MERRILL LYNCH
025 C001109 D
025 D001109    3541
025 A001110 NATIONSBANK CORP.
025 C001110 D
025 D001110    2520
025 A001111 GOLDMAN SACHS GROUP LP
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025 D001111   16770
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025 D001114       0
025 D001115       0
025 D001116       0
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028 B041100      7553
<PAGE>      PAGE  52
028 C011100      7893
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028 F041100      3471
028 G011100     97150
028 G021100     24305
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028 G041100     34372
028 H001100     33187
029  001100 Y
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034  001100 Y
035  001100      9
036 A001100 N
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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
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043  001100     29
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045  001100 Y
046  001100 N
047  001100 Y
<PAGE>      PAGE  53
048  001100  0.700
048 A011100        0
048 A021100 0.000
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048 B021100 0.000
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048 D021100 0.000
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048 E021100 0.000
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048 F021100 0.000
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048 G021100 0.000
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048 H021100 0.000
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048 I021100 0.000
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048 J021100 0.000
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050  001100 N
051  001100 N
052  001100 N
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055 B001100 N
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057  001100 N
058 A001100 N
059  001100 Y
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<PAGE>      PAGE  54
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070 E021100 Y
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070 F021100 Y
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070 H011100 N
070 H021100 N
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070 I021100 N
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070 J021100 N
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070 K021100 Y
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070 M021100 N
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070 N021100 Y
070 O011100 Y
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070 P011100 Y
070 P021100 N
<PAGE>      PAGE  55
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070 Q021100 N
070 R011100 N
070 R021100 N
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<PAGE>      PAGE  56
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074 K001100        0
074 L001100     2558
074 M001100        5
074 N001100   403584
074 O001100     6405
074 P001100        0
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100     1055
074 S001100        0
074 T001100   396124
074 U011100     5981
074 U021100    24123
074 V011100     0.00
074 V021100     0.00
074 W001100   0.0000
074 X001100     3523
074 Y001100        0
075 A001100        0
075 B001100   367455
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
025 A001201 CHASE MANHATTAN CORP.
025 C001201 E
025 D001201    3534
025 A001202 LEHMAN BROTHERS HOLDINGS
025 C001202 E
<PAGE>      PAGE  57
025 D001202    1419
025 A001203 PAINEWEBBER
025 C001203 E
025 D001203     451
025 A001204 TRAVELERS GROUP
025 C001204 E
025 D001204    3660
025 A001205 GOLDMAN SACHS GROUP LP
025 C001205 D
025 D001205    5313
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200      7529
028 A021200     19857
028 A031200         0
028 A041200      1286
028 B011200      5682
028 B021200        -1
028 B031200         0
028 B041200      2267
028 C011200      7006
028 C021200         0
028 C031200         0
028 C041200      1878
028 D011200      8998
028 D021200       732
028 D031200         0
028 D041200      2577
028 E011200     11389
028 E021200         0
028 E031200         0
028 E041200      4494
028 F011200      7880
028 F021200         0
028 F031200         0
028 F041200      1139
028 G011200     48484
028 G021200     20588
028 G031200         0
028 G041200     13641
028 H001200     34895
029  001200 Y
030 A001200    911
030 B001200  4.50
030 C001200  0.25
031 A001200    326
031 B001200      0
032  001200    585
033  001200      0
034  001200 Y
<PAGE>      PAGE  58
035  001200     14
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     36
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
053 A001200 Y
053 B001200 Y
053 C001200 N
<PAGE>      PAGE  59
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
070 E011200 Y
070 E021200 N
070 F011200 Y
<PAGE>      PAGE  60
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    120795
071 B001200     92374
071 C001200    254339
071 D001200   36
072 A001200  6
072 B001200      919
072 C001200     1798
072 D001200        0
072 E001200        0
072 F001200      900
072 G001200      124
072 H001200        0
072 I001200        9
072 J001200       25
072 K001200        0
072 L001200        8
072 M001200        3
072 N001200       74
072 O001200        0
072 P001200        0
072 Q001200        7
072 R001200        8
072 S001200        4
072 T001200      108
072 U001200        0
072 V001200        0
<PAGE>      PAGE  61
072 W001200       10
072 X001200     1280
072 Y001200       54
072 Z001200     1491
072AA001200     7408
072BB001200     2554
072CC011200    23262
072CC021200        0
072DD011200      228
072DD021200     1264
072EE001200    20879
073 A011200   0.0000
073 A021200   0.0000
073 B001200   1.7500
073 C001200   0.0000
074 A001200       50
074 B001200     5313
074 C001200     1696
074 D001200    27639
074 E001200        0
074 F001200   252816
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200     1017
074 M001200       17
074 N001200   288548
074 O001200        0
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200      892
074 S001200        0
074 T001200   287656
074 U011200     3245
074 U021200    11666
074 V011200     0.00
074 V021200     0.00
074 W001200   0.0000
074 X001200     6948
074 Y001200        0
075 A001200        0
075 B001200   258928
076  001200     0.00
008 A001301 WACHOVIA ASSET MANAGEMENT
008 B001301 A
008 C001301 801-0000
<PAGE>      PAGE  62
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 HOLDINGS
025 C001301 E
025 D001301     970
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300      4223
028 A021300       617
028 A031300         0
028 A041300      1840
028 B011300     16203
028 B021300         0
028 B031300         0
028 B041300       899
028 C011300      2759
028 C021300         0
028 C031300         0
028 C041300      1165
028 D011300      3321
028 D021300         0
028 D031300         0
028 D041300       692
028 E011300      1887
028 E021300         0
028 E031300         0
028 E041300      3486
028 F011300      2821
028 F021300         0
028 F031300         0
028 F041300       888
<PAGE>      PAGE  63
028 G011300     31214
028 G021300       617
028 G031300         0
028 G041300      8970
028 H001300      3069
029  001300 Y
030 A001300     18
030 B001300  4.50
030 C001300  0.00
031 A001300      2
031 B001300      0
032  001300     16
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
048 H011300        0
048 H021300 0.000
048 I011300        0
<PAGE>      PAGE  64
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
068 B001300 Y
069  001300 N
070 A011300 Y
<PAGE>      PAGE  65
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 Y
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     61476
071 B001300     29212
071 C001300    146060
071 D001300   20
072 A001300  6
072 B001300      251
072 C001300     1994
072 D001300        0
072 E001300        0
072 F001300      831
072 G001300       80
072 H001300        0
072 I001300       43
072 J001300      315
072 K001300        0
072 L001300       -5
<PAGE>      PAGE  66
072 M001300        3
072 N001300       17
072 O001300        0
072 P001300        0
072 Q001300       23
072 R001300        7
072 S001300        8
072 T001300       11
072 U001300        0
072 V001300        0
072 W001300        6
072 X001300     1339
072 Y001300        0
072 Z001300      906
072AA001300     4705
072BB001300     3706
072CC011300        0
072CC021300     7928
072DD011300       80
072DD021300     1628
072EE001300        0
073 A011300   0.1100
073 A021300   0.1300
073 B001300   0.0000
073 C001300   0.0000
074 A001300       48
074 B001300     6113
074 C001300     5201
074 D001300      511
074 E001300     8976
074 F001300   130717
074 G001300        0
074 H001300        0
074 I001300    10766
074 J001300        0
074 K001300        0
074 L001300      903
074 M001300       31
074 N001300   163266
074 O001300        0
074 P001300        0
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300      442
074 S001300        0
074 T001300   162824
074 U011300      887
074 U021300    14443
074 V011300    10.62
<PAGE>      PAGE  67
074 V021300    10.62
074 W001300   0.0000
074 X001300     5039
074 Y001300        0
075 A001300        0
075 B001300   164727
076  001300     0.00
008 A001401 WACHOVIA ASSET MANAGEMENT
008 B001401 A
008 C001401 801-0000
008 D011401 WINSTON-SALEM
008 D021401 NC
008 D031401 27101
015 A001401 WACHOVIA BANK, N.A.
015 B001401 C
015 C011401 WINSTON-SALEM
015 C021401 NC
015 C031401 27150
015 E031401 X
024  001400 Y
025 A001401 MERRILL LYNCH
025 C001401 E
025 D001401    2685
025 A001402 MORGAN STANLEY, DEAN WITTER
025 C001402 E
025 D001402   10562
025 A001403 PAINNEWEBBER GROUP
025 C001403 E
025 D001403    3757
025 A001404 TRAVELERS GROUP
025 C001404 E
025 D001404    8235
025 A001405 GOLDMAN SACHS GROUP LP
025 C001405 D
025 D001405    2989
025 D001406       0
025 D001407       0
025 D001408       0
028 A011400         0
028 A021400         0
028 A031400         0
028 A041400         0
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028 B021400         0
028 B031400         0
028 B041400         0
028 C011400      7444
028 C021400      9221
028 C031400         0
028 C041400     39772
028 D011400    213190
<PAGE>      PAGE  68
028 D021400         0
028 D031400         0
028 D041400    213216
028 E011400      2080
028 E021400         0
028 E031400         0
028 E041400      6129
028 F011400      1585
028 F021400         0
028 F031400         0
028 F041400      5012
028 G011400    224299
028 G021400      9221
028 G031400         0
028 G041400    264129
028 H001400         0
029  001400 Y
030 A001400     47
030 B001400  4.50
030 C001400  0.25
031 A001400      5
031 B001400      0
032  001400     42
033  001400      0
034  001400 N
035  001400      0
036 B001400      0
037  001400 N
038  001400      0
039  001400 N
040  001400 Y
041  001400 Y
042 A001400   0
042 B001400   0
042 C001400 100
042 D001400   0
042 E001400   0
042 F001400   0
042 G001400   0
042 H001400   0
043  001400    270
044  001400      0
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.700
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
<PAGE>      PAGE  69
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
055 A001400 N
055 B001400 N
056  001400 Y
057  001400 N
058 A001400 N
059  001400 Y
060 A001400 Y
060 B001400 Y
061  001400      250
062 A001400 N
062 B001400   0.0
062 C001400   0.0
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
<PAGE>      PAGE  70
063 A001400   0
063 B001400  0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 N
066 E001400 Y
066 F001400 N
066 G001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 Y
070 F021400 Y
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400     22418
071 B001400     89473
<PAGE>      PAGE  71
071 C001400    320257
071 D001400    7
072 A001400  6
072 B001400     1549
072 C001400     1497
072 D001400        0
072 E001400        0
072 F001400     1486
072 G001400      270
072 H001400        0
072 I001400       66
072 J001400       33
072 K001400        0
072 L001400        1
072 M001400        5
072 N001400       40
072 O001400        0
072 P001400        0
072 Q001400       36
072 R001400        9
072 S001400       25
072 T001400      297
072 U001400        0
072 V001400        0
072 W001400       14
072 X001400     2282
072 Y001400      322
072 Z001400     1086
072AA001400    21296
072BB001400     1121
072CC011400    16216
072CC021400        0
072DD011400      693
072DD021400        0
072EE001400    16599
073 A011400   0.0300
073 A021400   0.0000
073 B001400   1.0100
073 C001400   0.0000
074 A001400      193
074 B001400     2989
074 C001400      399
074 D001400        0
074 E001400        0
074 F001400   321450
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400     2932
074 K001400        0
074 L001400      867
<PAGE>      PAGE  72
074 M001400        0
074 N001400   328830
074 O001400        0
074 P001400        0
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400      532
074 S001400        0
074 T001400   328298
074 U011400     5726
074 U021400     9276
074 V011400    21.88
074 V021400    21.88
074 W001400   0.0000
074 X001400     5722
074 Y001400        0
075 A001400        0
075 B001400   336258
076  001400     0.00
008 A001501 WACHOVIA ASSET MANAGEMNET
008 B001501 A
008 C001501 801-0000
008 D011501 WINSTON-SALEM
008 D021501 NC
008 D031501 27101
015 A001501 WACHOVIA BANK, N.A.
015 B001501 C
015 C011501 WINSTON-SALEM
015 C021501 NC
015 C031501 27150
015 E031501 X
024  001500 Y
025 A001501 MERRILL LYNCH
025 B001501 135674085
025 C001501 D
025 D001501    2000
025 A001502 LEHMAN BROTHERS
025 B001502 132518466
025 C001502 D
025 D001502    2000
025 A001503 SALOMON SMITH BARNEY
025 B001503 133082694
025 C001503 D
025 D001503    3000
025 A001504 PAINEWEBBER
025 B001504 132638166
025 C001504 D
025 D001504    1000
025 A001505 J.P. MORGAN
<PAGE>      PAGE  73
025 B001505 133224016
025 C001505 D
025 D001505    3000
025 D001506       0
025 D001507       0
025 D001508       0
028 A011500         0
028 A021500         0
028 A031500         0
028 A041500         0
028 B011500         0
028 B021500         0
028 B031500         0
028 B041500         0
028 C011500      4030
028 C021500       226
028 C031500         0
028 C041500      6324
028 D011500     89494
028 D021500         0
028 D031500         0
028 D041500     89513
028 E011500      1545
028 E021500        51
028 E031500         0
028 E041500      2496
028 F011500       788
028 F021500        51
028 F031500         0
028 F041500      1058
028 G011500     95857
028 G021500       328
028 G031500         0
028 G041500     99391
028 H001500        18
029  001500 Y
030 A001500      1
030 B001500  4.50
030 C001500  0.25
031 A001500      0
031 B001500      0
032  001500      1
033  001500      0
034  001500 N
035  001500      0
036 B001500      0
037  001500 N
038  001500      0
039  001500 N
040  001500 Y
041  001500 Y
<PAGE>      PAGE  74
042 A001500   0
042 B001500   0
042 C001500 100
042 D001500   0
042 E001500   0
042 F001500   0
042 G001500   0
042 H001500   0
043  001500     78
044  001500      0
045  001500 Y
046  001500 N
047  001500 Y
048  001500  0.600
048 A011500        0
048 A021500 0.000
048 B011500        0
048 B021500 0.000
048 C011500        0
048 C021500 0.000
048 D011500        0
048 D021500 0.000
048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
048 G021500 0.000
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500        0
048 K021500 0.000
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
055 A001500 N
055 B001500 N
056  001500 Y
057  001500 N
058 A001500 N
059  001500 Y
060 A001500 Y
060 B001500 Y
<PAGE>      PAGE  75
061  001500      250
062 A001500 Y
062 B001500   0.0
062 C001500   0.0
062 D001500   7.0
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500  51.1
062 N001500   5.2
062 O001500   0.0
062 P001500  35.7
062 Q001500   0.0
062 R001500   0.0
063 A001500   0
063 B001500  9.7
064 A001500 N
064 B001500 N
066 A001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 N
070 B011500 N
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
<PAGE>      PAGE  76
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500     21867
071 B001500     28697
071 C001500     91113
071 D001500   24
072 A001500  6
072 B001500     3021
072 C001500        0
072 D001500        0
072 E001500        0
072 F001500      323
072 G001500       77
072 H001500        0
072 I001500       12
072 J001500       10
072 K001500        0
072 L001500        1
072 M001500        2
072 N001500       40
072 O001500        0
072 P001500        0
072 Q001500       13
072 R001500        6
072 S001500        9
072 T001500       79
072 U001500        0
072 V001500        0
072 W001500        7
072 X001500      579
072 Y001500      122
072 Z001500     2564
072AA001500      652
072BB001500        0
072CC011500      409
072CC021500        0
072DD011500     2010
072DD021500      797
072EE001500        0
073 A011500   0.2600
<PAGE>      PAGE  77
073 A021500   0.1400
073 B001500   0.0000
073 C001500   0.0000
074 A001500       11
074 B001500     6554
074 C001500        0
074 D001500    86722
074 E001500        0
074 F001500        0
074 G001500        0
074 H001500        0
074 I001500        0
074 J001500        0
074 K001500        0
074 L001500     1012
074 M001500        0
074 N001500    94299
074 O001500        0
074 P001500        0
074 Q001500        0
074 R011500        0
074 R021500        0
074 R031500        0
074 R041500       61
074 S001500        0
074 T001500    94238
074 U011500      483
074 U021500     8834
074 V011500    10.11
074 V021500    10.12
074 W001500   0.0000
074 X001500      431
074 Y001500        0
075 A001500        0
075 B001500    94300
076  001500     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia U.S. Treasury Money Market Fund       
                                Institutional Shares                           
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           723,094,564                                    
<INVESTMENTS-AT-VALUE>          723,094,564                                    
<RECEIVABLES>                   2,815,501                                      
<ASSETS-OTHER>                  35,764,087                                     
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  761,674,152                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       25,233,539                                     
<TOTAL-LIABILITIES>             25,233,539                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        736,440,613                                    
<SHARES-COMMON-STOCK>           595,137,200                                    
<SHARES-COMMON-PRIOR>           510,322,828                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    595,137,200                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               18,738,458                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,077,939                                      
<NET-INVESTMENT-INCOME>         17,660,519                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           17,660,519                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       14,461,670                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         761,322,039                                    
<NUMBER-OF-SHARES-REDEEMED>     676,509,667                                    
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          108,623,084                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,703,954                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,425,997                                      
<AVERAGE-NET-ASSETS>            683,454,186                                    
<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>                   012                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia U.S. Treasury Money Market Fund       
                                Investment Shares                              
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           723,094,564                                    
<INVESTMENTS-AT-VALUE>          723,094,564                                    
<RECEIVABLES>                   2,815,501                                      
<ASSETS-OTHER>                  35,764,087                                     
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  761,674,152                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       25,233,539                                     
<TOTAL-LIABILITIES>             25,233,539                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        736,440,613                                    
<SHARES-COMMON-STOCK>           141,303,413                                    
<SHARES-COMMON-PRIOR>           117,494,701                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    141,303,413                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               18,738,458                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,077,939                                      
<NET-INVESTMENT-INCOME>         17,660,519                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           17,660,519                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       3,198,849                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         133,247,022                                    
<NUMBER-OF-SHARES-REDEEMED>     109,442,406                                    
<SHARES-REINVESTED>             4,096                                          
<NET-CHANGE-IN-ASSETS>          108,623,084                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,703,954                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,425,997                                      
<AVERAGE-NET-ASSETS>            683,454,186                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<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>                     The Wachovia Funds                             
                                Wachovia Money Market Fund                     
                                Institutional Shares                           
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           557,586,632                                    
<INVESTMENTS-AT-VALUE>          557,586,632                                    
<RECEIVABLES>                   3,763,674                                      
<ASSETS-OTHER>                  521                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  561,350,827                                    
<PAYABLE-FOR-SECURITIES>        513,263                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,652,025                                      
<TOTAL-LIABILITIES>             3,165,288                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        558,185,539                                    
<SHARES-COMMON-STOCK>           180,714,963                                    
<SHARES-COMMON-PRIOR>           157,438,376                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    180,714,963                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               15,238,745                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,742,650                                      
<NET-INVESTMENT-INCOME>         13,496,095                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           13,496,095                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       4,672,482                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         159,464,959                                    
<NUMBER-OF-SHARES-REDEEMED>     136,188,372                                    
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          80,267,542                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,343,764                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,428,058                                      
<AVERAGE-NET-ASSETS>            538,982,297                                    
<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>                 0.38                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   022                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Money Market Fund                     
                                Investment Shares                              
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           557,586,632                                    
<INVESTMENTS-AT-VALUE>          557,586,632                                    
<RECEIVABLES>                   3,763,674                                      
<ASSETS-OTHER>                  521                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  561,350,827                                    
<PAYABLE-FOR-SECURITIES>        513,263                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,652,025                                      
<TOTAL-LIABILITIES>             3,165,288                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        558,185,539                                    
<SHARES-COMMON-STOCK>           377,470,576                                    
<SHARES-COMMON-PRIOR>           320,479,621                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    377,470,576                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               15,238,745                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,742,650                                      
<NET-INVESTMENT-INCOME>         13,496,095                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           13,496,095                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       8,823,613                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         293,376,542                                    
<NUMBER-OF-SHARES-REDEEMED>     236,545,545                                    
<SHARES-REINVESTED>             159,958                                        
<NET-CHANGE-IN-ASSETS>          80,267,542                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,343,764                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,428,058                                      
<AVERAGE-NET-ASSETS>            538,982,297                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<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>                     The Wachovia Funds                             
                                Wachovia Tax-Free Money Market Fund            
                                Institutional Shares                           
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           361,829,274                                    
<INVESTMENTS-AT-VALUE>          361,829,274                                    
<RECEIVABLES>                   3,246,377                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  365,075,651                                    
<PAYABLE-FOR-SECURITIES>        56,195                                         
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,297,223                                      
<TOTAL-LIABILITIES>             1,353,418                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        363,722,233                                    
<SHARES-COMMON-STOCK>           256,452,513                                    
<SHARES-COMMON-PRIOR>           182,472,936                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    256,452,513                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               5,812,725                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  591,637                                        
<NET-INVESTMENT-INCOME>         5,221,088                                      
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           5,221,088                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       3,736,794                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         182,152,668                                    
<NUMBER-OF-SHARES-REDEEMED>     108,173,091                                    
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          95,397,624                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           811,632                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,250,486                                      
<AVERAGE-NET-ASSETS>            325,489,688                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<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>                     The Wachovia Funds                             
                                Wachovia Tax-Free Money Market Fund            
                                Investment Shares                              
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           361,829,274                                    
<INVESTMENTS-AT-VALUE>          361,829,274                                    
<RECEIVABLES>                   3,246,377                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  365,075,651                                    
<PAYABLE-FOR-SECURITIES>        56,195                                         
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,297,223                                      
<TOTAL-LIABILITIES>             1,353,418                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        363,722,233                                    
<SHARES-COMMON-STOCK>           107,269,720                                    
<SHARES-COMMON-PRIOR>           85,851,673                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    107,269,720                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               5,812,725                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  591,637                                        
<NET-INVESTMENT-INCOME>         5,221,088                                      
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           5,221,088                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,484,294                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         162,391,201                                    
<NUMBER-OF-SHARES-REDEEMED>     140,973,154                                    
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          95,397,624                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           811,632                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,250,486                                      
<AVERAGE-NET-ASSETS>            325,489,688                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           1,659,103,178                                  
<INVESTMENTS-AT-VALUE>          1,659,103,178                                  
<RECEIVABLES>                   7,869,832                                      
<ASSETS-OTHER>                  257,482                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,667,230,492                                  
<PAYABLE-FOR-SECURITIES>        853,888                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       8,287,297                                      
<TOTAL-LIABILITIES>             9,141,185                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,658,089,307                                  
<SHARES-COMMON-STOCK>           1,658,089,307                                  
<SHARES-COMMON-PRIOR>           1,450,194,663                                  
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    1,658,089,307                                  
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               45,418,676                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,439,054                                      
<NET-INVESTMENT-INCOME>         43,979,622                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           43,979,622                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       43,979,622                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,535,505,826                                  
<NUMBER-OF-SHARES-REDEEMED>     2,327,611,182                                  
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          207,894,644                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,398,422                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,997,930                                      
<AVERAGE-NET-ASSETS>            1,603,340,308                                  
<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>                 0.18                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   061                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Equity Fund                           
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           211,490,329                                    
<INVESTMENTS-AT-VALUE>          242,610,359                                    
<RECEIVABLES>                   5,864,771                                      
<ASSETS-OTHER>                  66,243                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  248,541,373                                    
<PAYABLE-FOR-SECURITIES>        3,954,338                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       788,929                                        
<TOTAL-LIABILITIES>             4,743,267                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        185,834,286                                    
<SHARES-COMMON-STOCK>           3,195,625                                      
<SHARES-COMMON-PRIOR>           2,566,787                                      
<ACCUMULATED-NII-CURRENT>       239,114                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         26,577,888                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        31,146,818                                     
<NET-ASSETS>                    48,266,386                                     
<DIVIDEND-INCOME>               1,197,274                                      
<INTEREST-INCOME>               1,105,097                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,108,253                                      
<NET-INVESTMENT-INCOME>         1,194,118                                      
<REALIZED-GAINS-CURRENT>        27,667,610                                     
<APPREC-INCREASE-CURRENT>       (6,107,691)                                    
<NET-CHANGE-FROM-OPS>           22,754,037                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       181,477                                        
<DISTRIBUTIONS-OF-GAINS>        4,382,604                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         441,243                                        
<NUMBER-OF-SHARES-REDEEMED>     148,627                                        
<SHARES-REINVESTED>             336,222                                        
<NET-CHANGE-IN-ASSETS>          44,618,639                                     
<ACCUMULATED-NII-PRIOR>         139,911                                        
<ACCUMULATED-GAINS-PRIOR>       20,866,044                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           802,413                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,120,336                                      
<AVERAGE-NET-ASSETS>            228,563,214                                    
<PER-SHARE-NAV-BEGIN>           15.390                                         
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         1.400                                          
<PER-SHARE-DIVIDEND>            0.060                                          
<PER-SHARE-DISTRIBUTIONS>       1.680                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             15.100                                         
<EXPENSE-RATIO>                 1.15                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   062                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Equity Fund                           
                                Class B Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           211,490,329                                    
<INVESTMENTS-AT-VALUE>          242,610,359                                    
<RECEIVABLES>                   5,864,771                                      
<ASSETS-OTHER>                  66,243                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  248,541,373                                    
<PAYABLE-FOR-SECURITIES>        3,954,338                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       788,929                                        
<TOTAL-LIABILITIES>             4,743,267                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        185,834,286                                    
<SHARES-COMMON-STOCK>           319,160                                        
<SHARES-COMMON-PRIOR>           224,652                                        
<ACCUMULATED-NII-CURRENT>       239,114                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         26,577,888                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        31,146,818                                     
<NET-ASSETS>                    4,808,567                                      
<DIVIDEND-INCOME>               1,197,274                                      
<INTEREST-INCOME>               1,105,097                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,108,253                                      
<NET-INVESTMENT-INCOME>         1,194,118                                      
<REALIZED-GAINS-CURRENT>        27,667,610                                     
<APPREC-INCREASE-CURRENT>       (6,107,691)                                    
<NET-CHANGE-FROM-OPS>           22,754,037                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,386                                          
<DISTRIBUTIONS-OF-GAINS>        386,343                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         83,345                                         
<NUMBER-OF-SHARES-REDEEMED>     17,494                                         
<SHARES-REINVESTED>             28,657                                         
<NET-CHANGE-IN-ASSETS>          44,618,639                                     
<ACCUMULATED-NII-PRIOR>         139,911                                        
<ACCUMULATED-GAINS-PRIOR>       20,866,044                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           802,413                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,120,336                                      
<AVERAGE-NET-ASSETS>            228,563,214                                    
<PER-SHARE-NAV-BEGIN>           15.350                                         
<PER-SHARE-NII>                 0.010                                          
<PER-SHARE-GAIN-APPREC>         1.400                                          
<PER-SHARE-DIVIDEND>            0.010                                          
<PER-SHARE-DISTRIBUTIONS>       1.680                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             15.070                                         
<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>                     The Wachovia Funds                             
                                Wachovia Equity Fund                           
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           211,490,329                                    
<INVESTMENTS-AT-VALUE>          242,610,359                                    
<RECEIVABLES>                   5,864,771                                      
<ASSETS-OTHER>                  66,243                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  248,541,373                                    
<PAYABLE-FOR-SECURITIES>        3,954,338                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       788,929                                        
<TOTAL-LIABILITIES>             4,743,267                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        185,834,286                                    
<SHARES-COMMON-STOCK>           12,646,164                                     
<SHARES-COMMON-PRIOR>           10,149,940                                     
<ACCUMULATED-NII-CURRENT>       239,114                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         26,577,888                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        31,146,818                                     
<NET-ASSETS>                    190,723,153                                    
<DIVIDEND-INCOME>               1,197,274                                      
<INTEREST-INCOME>               1,105,097                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,108,253                                      
<NET-INVESTMENT-INCOME>         1,194,118                                      
<REALIZED-GAINS-CURRENT>        27,667,610                                     
<APPREC-INCREASE-CURRENT>       (6,107,691)                                    
<NET-CHANGE-FROM-OPS>           22,754,037                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       911,052                                        
<DISTRIBUTIONS-OF-GAINS>        17,186,819                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,828,496                                      
<NUMBER-OF-SHARES-REDEEMED>     1,282,748                                      
<SHARES-REINVESTED>             950,476                                        
<NET-CHANGE-IN-ASSETS>          44,618,639                                     
<ACCUMULATED-NII-PRIOR>         139,911                                        
<ACCUMULATED-GAINS-PRIOR>       20,866,044                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           802,413                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,120,336                                      
<AVERAGE-NET-ASSETS>            228,563,214                                    
<PER-SHARE-NAV-BEGIN>           15.390                                         
<PER-SHARE-NII>                 0.090                                          
<PER-SHARE-GAIN-APPREC>         1.360                                          
<PER-SHARE-DIVIDEND>            0.080                                          
<PER-SHARE-DISTRIBUTIONS>       1.680                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             15.080                                         
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           222,272,666                                    
<INVESTMENTS-AT-VALUE>          225,275,089                                    
<RECEIVABLES>                   4,389,474                                      
<ASSETS-OTHER>                  3,466                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  229,668,029                                    
<PAYABLE-FOR-SECURITIES>        5,060,840                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       6,929,249                                      
<TOTAL-LIABILITIES>             11,990,089                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        216,502,933                                    
<SHARES-COMMON-STOCK>           1,430,485                                      
<SHARES-COMMON-PRIOR>           1,019,583                                      
<ACCUMULATED-NII-CURRENT>       86,654                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,975,931)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        3,064,284                                      
<NET-ASSETS>                    14,209,904                                     
<DIVIDEND-INCOME>               267,831                                        
<INTEREST-INCOME>               6,402,996                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  784,975                                        
<NET-INVESTMENT-INCOME>         5,885,852                                      
<REALIZED-GAINS-CURRENT>        965,268                                        
<APPREC-INCREASE-CURRENT>       947,142                                        
<NET-CHANGE-FROM-OPS>           7,798,262                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       349,128                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         482,595                                        
<NUMBER-OF-SHARES-REDEEMED>     104,340                                        
<SHARES-REINVESTED>             32,647                                         
<NET-CHANGE-IN-ASSETS>          22,100,478                                     
<ACCUMULATED-NII-PRIOR>         255,123                                        
<ACCUMULATED-GAINS-PRIOR>       (2,941,199)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           622,986                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 879,020                                        
<AVERAGE-NET-ASSETS>            207,588,063                                    
<PER-SHARE-NAV-BEGIN>           9.850                                          
<PER-SHARE-NII>                 0.060                                          
<PER-SHARE-GAIN-APPREC>         0.300                                          
<PER-SHARE-DIVIDEND>            0.280                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.930                                          
<EXPENSE-RATIO>                 0.99                                           
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           222,272,666                                    
<INVESTMENTS-AT-VALUE>          225,275,089                                    
<RECEIVABLES>                   4,389,474                                      
<ASSETS-OTHER>                  3,466                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  229,668,029                                    
<PAYABLE-FOR-SECURITIES>        5,060,840                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       6,929,249                                      
<TOTAL-LIABILITIES>             11,990,089                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        216,502,933                                    
<SHARES-COMMON-STOCK>           32,322                                         
<SHARES-COMMON-PRIOR>           14,221                                         
<ACCUMULATED-NII-CURRENT>       86,654                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,975,931)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        3,064,284                                      
<NET-ASSETS>                    321,011                                        
<DIVIDEND-INCOME>               267,831                                        
<INTEREST-INCOME>               6,402,996                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  784,975                                        
<NET-INVESTMENT-INCOME>         5,885,852                                      
<REALIZED-GAINS-CURRENT>        965,268                                        
<APPREC-INCREASE-CURRENT>       947,142                                        
<NET-CHANGE-FROM-OPS>           7,798,262                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       5,672                                          
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         17,794                                         
<NUMBER-OF-SHARES-REDEEMED>     203                                            
<SHARES-REINVESTED>             510                                            
<NET-CHANGE-IN-ASSETS>          22,100,478                                     
<ACCUMULATED-NII-PRIOR>         255,123                                        
<ACCUMULATED-GAINS-PRIOR>       (2,941,199)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           622,986                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 879,020                                        
<AVERAGE-NET-ASSETS>            207,588,063                                    
<PER-SHARE-NAV-BEGIN>           9.840                                          
<PER-SHARE-NII>                 0.240                                          
<PER-SHARE-GAIN-APPREC>         0.090                                          
<PER-SHARE-DIVIDEND>            0.240                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.930                                          
<EXPENSE-RATIO>                 1.74                                           
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           222,272,666                                    
<INVESTMENTS-AT-VALUE>          225,275,089                                    
<RECEIVABLES>                   4,389,474                                      
<ASSETS-OTHER>                  3,466                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  229,668,029                                    
<PAYABLE-FOR-SECURITIES>        5,060,840                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       6,929,249                                      
<TOTAL-LIABILITIES>             11,990,089                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        216,502,933                                    
<SHARES-COMMON-STOCK>           20,449,870                                     
<SHARES-COMMON-PRIOR>           18,829,643                                     
<ACCUMULATED-NII-CURRENT>       86,654                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,975,931)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        3,064,284                                      
<NET-ASSETS>                    203,147,025                                    
<DIVIDEND-INCOME>               267,831                                        
<INTEREST-INCOME>               6,402,996                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  784,975                                        
<NET-INVESTMENT-INCOME>         5,885,852                                      
<REALIZED-GAINS-CURRENT>        965,268                                        
<APPREC-INCREASE-CURRENT>       947,142                                        
<NET-CHANGE-FROM-OPS>           7,798,262                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       5,699,521                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,179,780                                      
<NUMBER-OF-SHARES-REDEEMED>     1,902,470                                      
<SHARES-REINVESTED>             342,917                                        
<NET-CHANGE-IN-ASSETS>          22,100,478                                     
<ACCUMULATED-NII-PRIOR>         255,123                                        
<ACCUMULATED-GAINS-PRIOR>       (2,941,199)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           622,986                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 879,020                                        
<AVERAGE-NET-ASSETS>            207,588,063                                    
<PER-SHARE-NAV-BEGIN>           9.850                                          
<PER-SHARE-NII>                 0.280                                          
<PER-SHARE-GAIN-APPREC>         0.090                                          
<PER-SHARE-DIVIDEND>            0.290                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.930                                          
<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>                     The Wachovia Funds                             
                                Wachovia Equity Index Fund                     
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           191,380,954                                    
<INVESTMENTS-AT-VALUE>          363,285,909                                    
<RECEIVABLES>                   746,444                                        
<ASSETS-OTHER>                  8,773                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  364,041,126                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       531,954                                        
<TOTAL-LIABILITIES>             531,954                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        188,404,555                                    
<SHARES-COMMON-STOCK>           3,903,640                                      
<SHARES-COMMON-PRIOR>           2,695,619                                      
<ACCUMULATED-NII-CURRENT>       592,972                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         2,580,205                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        171,931,440                                    
<NET-ASSETS>                    82,232,322                                     
<DIVIDEND-INCOME>               2,392,569                                      
<INTEREST-INCOME>               684,800                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  837,741                                        
<NET-INVESTMENT-INCOME>         2,239,628                                      
<REALIZED-GAINS-CURRENT>        3,152,006                                      
<APPREC-INCREASE-CURRENT>       39,535,017                                     
<NET-CHANGE-FROM-OPS>           44,926,651                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       383,763                                        
<DISTRIBUTIONS-OF-GAINS>        1,189,051                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,313,067                                      
<NUMBER-OF-SHARES-REDEEMED>     187,838                                        
<SHARES-REINVESTED>             82,792                                         
<NET-CHANGE-IN-ASSETS>          64,743,198                                     
<ACCUMULATED-NII-PRIOR>         558,633                                        
<ACCUMULATED-GAINS-PRIOR>       5,803,756                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           500,291                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 838,423                                        
<AVERAGE-NET-ASSETS>            335,093,721                                    
<PER-SHARE-NAV-BEGIN>           18.890                                         
<PER-SHARE-NII>                 0.010                                          
<PER-SHARE-GAIN-APPREC>         2.690                                          
<PER-SHARE-DIVIDEND>            0.120                                          
<PER-SHARE-DISTRIBUTIONS>       0.400                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.070                                         
<EXPENSE-RATIO>                 0.70                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   082                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Equity Index Fund                     
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           191,380,954                                    
<INVESTMENTS-AT-VALUE>          363,285,909                                    
<RECEIVABLES>                   746,444                                        
<ASSETS-OTHER>                  8,773                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  364,041,126                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       531,954                                        
<TOTAL-LIABILITIES>             531,954                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        188,404,555                                    
<SHARES-COMMON-STOCK>           13,338,817                                     
<SHARES-COMMON-PRIOR>           13,107,447                                     
<ACCUMULATED-NII-CURRENT>       592,972                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         2,580,205                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        171,931,440                                    
<NET-ASSETS>                    281,276,850                                    
<DIVIDEND-INCOME>               2,392,569                                      
<INTEREST-INCOME>               684,800                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  837,741                                        
<NET-INVESTMENT-INCOME>         2,239,628                                      
<REALIZED-GAINS-CURRENT>        3,152,006                                      
<APPREC-INCREASE-CURRENT>       39,535,017                                     
<NET-CHANGE-FROM-OPS>           44,926,651                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,821,526                                      
<DISTRIBUTIONS-OF-GAINS>        5,186,506                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,537,816                                      
<NUMBER-OF-SHARES-REDEEMED>     1,668,126                                      
<SHARES-REINVESTED>             361,680                                        
<NET-CHANGE-IN-ASSETS>          64,743,198                                     
<ACCUMULATED-NII-PRIOR>         558,633                                        
<ACCUMULATED-GAINS-PRIOR>       5,803,756                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           500,291                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 838,423                                        
<AVERAGE-NET-ASSETS>            335,093,721                                    
<PER-SHARE-NAV-BEGIN>           18.910                                         
<PER-SHARE-NII>                 0.140                                          
<PER-SHARE-GAIN-APPREC>         2.580                                          
<PER-SHARE-DIVIDEND>            0.140                                          
<PER-SHARE-DISTRIBUTIONS>       0.400                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.090                                         
<EXPENSE-RATIO>                 0.45                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   091                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Short-Term Fixed Income Fund          
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           111,042,683                                    
<INVESTMENTS-AT-VALUE>          111,343,365                                    
<RECEIVABLES>                   1,359,260                                      
<ASSETS-OTHER>                  3,833                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  112,706,458                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       11,326,955                                     
<TOTAL-LIABILITIES>             11,326,955                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        104,798,508                                    
<SHARES-COMMON-STOCK>           961,707                                        
<SHARES-COMMON-PRIOR>           740,426                                        
<ACCUMULATED-NII-CURRENT>       249,622                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (3,969,309)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        300,682                                        
<NET-ASSETS>                    9,402,450                                      
<DIVIDEND-INCOME>               75,206                                         
<INTEREST-INCOME>               3,116,109                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  334,622                                        
<NET-INVESTMENT-INCOME>         2,856,693                                      
<REALIZED-GAINS-CURRENT>        118,576                                        
<APPREC-INCREASE-CURRENT>       124,790                                        
<NET-CHANGE-FROM-OPS>           3,100,059                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       258,511                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         445,858                                        
<NUMBER-OF-SHARES-REDEEMED>     249,721                                        
<SHARES-REINVESTED>             25,144                                         
<NET-CHANGE-IN-ASSETS>          3,083,083                                      
<ACCUMULATED-NII-PRIOR>         439,852                                        
<ACCUMULATED-GAINS-PRIOR>       (4,087,885)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           282,063                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 411,809                                        
<AVERAGE-NET-ASSETS>            102,149,134                                    
<PER-SHARE-NAV-BEGIN>           9.770                                          
<PER-SHARE-NII>                 0.280                                          
<PER-SHARE-GAIN-APPREC>         0.010                                          
<PER-SHARE-DIVIDEND>            0.280                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.780                                          
<EXPENSE-RATIO>                 0.88                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   092                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Short-Term Fixed Income Fund          
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           111,042,683                                    
<INVESTMENTS-AT-VALUE>          111,343,365                                    
<RECEIVABLES>                   1,359,260                                      
<ASSETS-OTHER>                  3,833                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  112,706,458                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       11,326,955                                     
<TOTAL-LIABILITIES>             11,326,955                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        104,798,508                                    
<SHARES-COMMON-STOCK>           9,407,014                                      
<SHARES-COMMON-PRIOR>           9,322,019                                      
<ACCUMULATED-NII-CURRENT>       249,622                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (3,969,309)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        300,682                                        
<NET-ASSETS>                    91,977,053                                     
<DIVIDEND-INCOME>               75,206                                         
<INTEREST-INCOME>               3,116,109                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  334,622                                        
<NET-INVESTMENT-INCOME>         2,856,693                                      
<REALIZED-GAINS-CURRENT>        118,576                                        
<APPREC-INCREASE-CURRENT>       124,790                                        
<NET-CHANGE-FROM-OPS>           3,100,059                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,788,412                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,281,027                                      
<NUMBER-OF-SHARES-REDEEMED>     1,472,761                                      
<SHARES-REINVESTED>             276,729                                        
<NET-CHANGE-IN-ASSETS>          3,083,083                                      
<ACCUMULATED-NII-PRIOR>         439,852                                        
<ACCUMULATED-GAINS-PRIOR>       (4,087,885)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           282,063                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 411,809                                        
<AVERAGE-NET-ASSETS>            102,149,134                                    
<PER-SHARE-NAV-BEGIN>           9.770                                          
<PER-SHARE-NII>                 0.070                                          
<PER-SHARE-GAIN-APPREC>         0.230                                          
<PER-SHARE-DIVIDEND>            0.290                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.780                                          
<EXPENSE-RATIO>                 0.62                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   101                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Special Values Fund                   
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           136,510,866                                    
<INVESTMENTS-AT-VALUE>          163,047,240                                    
<RECEIVABLES>                   31,335,513                                     
<ASSETS-OTHER>                  471                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  194,383,224                                    
<PAYABLE-FOR-SECURITIES>        2,223,612                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       30,800,808                                     
<TOTAL-LIABILITIES>             33,024,420                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        128,306,126                                    
<SHARES-COMMON-STOCK>           3,680,215                                      
<SHARES-COMMON-PRIOR>           2,026,216                                      
<ACCUMULATED-NII-CURRENT>       828,037                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         5,582,832                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        26,641,809                                     
<NET-ASSETS>                    66,599,750                                     
<DIVIDEND-INCOME>               826,808                                        
<INTEREST-INCOME>               968,841                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  776,143                                        
<NET-INVESTMENT-INCOME>         1,019,506                                      
<REALIZED-GAINS-CURRENT>        5,547,537                                      
<APPREC-INCREASE-CURRENT>       4,224,151                                      
<NET-CHANGE-FROM-OPS>           10,791,194                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       272,696                                        
<DISTRIBUTIONS-OF-GAINS>        3,883,188                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,656,731                                      
<NUMBER-OF-SHARES-REDEEMED>     251,669                                        
<SHARES-REINVESTED>             248,937                                        
<NET-CHANGE-IN-ASSETS>          39,092,491                                     
<ACCUMULATED-NII-PRIOR>         737,862                                        
<ACCUMULATED-GAINS-PRIOR>       11,603,810                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           571,852                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 776,143                                        
<AVERAGE-NET-ASSETS>            143,862,783                                    
<PER-SHARE-NAV-BEGIN>           18.640                                         
<PER-SHARE-NII>                 0.080                                          
<PER-SHARE-GAIN-APPREC>         1.210                                          
<PER-SHARE-DIVIDEND>            0.120                                          
<PER-SHARE-DISTRIBUTIONS>       1.710                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.100                                         
<EXPENSE-RATIO>                 1.24                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   102                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Special Values Fund                   
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           136,510,866                                    
<INVESTMENTS-AT-VALUE>          163,047,240                                    
<RECEIVABLES>                   31,335,513                                     
<ASSETS-OTHER>                  471                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  194,383,224                                    
<PAYABLE-FOR-SECURITIES>        2,223,612                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       30,800,808                                     
<TOTAL-LIABILITIES>             33,024,420                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        128,306,126                                    
<SHARES-COMMON-STOCK>           5,228,497                                      
<SHARES-COMMON-PRIOR>           4,526,418                                      
<ACCUMULATED-NII-CURRENT>       828,037                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         5,582,832                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        26,641,809                                     
<NET-ASSETS>                    94,759,054                                     
<DIVIDEND-INCOME>               826,808                                        
<INTEREST-INCOME>               968,841                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  776,143                                        
<NET-INVESTMENT-INCOME>         1,019,506                                      
<REALIZED-GAINS-CURRENT>        5,547,537                                      
<APPREC-INCREASE-CURRENT>       4,224,151                                      
<NET-CHANGE-FROM-OPS>           10,791,194                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       656,635                                        
<DISTRIBUTIONS-OF-GAINS>        7,685,327                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         744,520                                        
<NUMBER-OF-SHARES-REDEEMED>     464,817                                        
<SHARES-REINVESTED>             422,376                                        
<NET-CHANGE-IN-ASSETS>          39,092,491                                     
<ACCUMULATED-NII-PRIOR>         737,862                                        
<ACCUMULATED-GAINS-PRIOR>       11,603,810                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           571,852                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 776,143                                        
<AVERAGE-NET-ASSETS>            143,862,783                                    
<PER-SHARE-NAV-BEGIN>           18.670                                         
<PER-SHARE-NII>                 0.140                                          
<PER-SHARE-GAIN-APPREC>         1.170                                          
<PER-SHARE-DIVIDEND>            0.150                                          
<PER-SHARE-DISTRIBUTIONS>       1.710                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.120                                         
<EXPENSE-RATIO>                 0.99                                           
<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                             
                                Wahovia Balanced Fund                          
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           365,189,219                                    
<INVESTMENTS-AT-VALUE>          378,412,720                                    
<RECEIVABLES>                   8,395,674                                      
<ASSETS-OTHER>                  5,625                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  403,589,075                                    
<PAYABLE-FOR-SECURITIES>        6,405,108                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,054,835                                      
<TOTAL-LIABILITIES>             7,459,943                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        328,165,075                                    
<SHARES-COMMON-STOCK>           5,981,002                                      
<SHARES-COMMON-PRIOR>           3,844,910                                      
<ACCUMULATED-NII-CURRENT>       2,216,330                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         35,649,093                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        30,093,634                                     
<NET-ASSETS>                    78,670,168                                     
<DIVIDEND-INCOME>               1,124,625                                      
<INTEREST-INCOME>               6,245,895                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,529,663                                      
<NET-INVESTMENT-INCOME>         5,840,857                                      
<REALIZED-GAINS-CURRENT>        36,427,818                                     
<APPREC-INCREASE-CURRENT>       (14,001,955)                                   
<NET-CHANGE-FROM-OPS>           28,266,720                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       879,491                                        
<DISTRIBUTIONS-OF-GAINS>        3,838,117                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,161,096                                      
<NUMBER-OF-SHARES-REDEEMED>     400,252                                        
<SHARES-REINVESTED>             375,248                                        
<NET-CHANGE-IN-ASSETS>          89,156,651                                     
<ACCUMULATED-NII-PRIOR>         1,489,127                                      
<ACCUMULATED-GAINS-PRIOR>       20,300,768                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,296,055                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,737,039                                      
<AVERAGE-NET-ASSETS>            367,454,959                                    
<PER-SHARE-NAV-BEGIN>           13.260                                         
<PER-SHARE-NII>                 0.080                                          
<PER-SHARE-GAIN-APPREC>         0.890                                          
<PER-SHARE-DIVIDEND>            0.180                                          
<PER-SHARE-DISTRIBUTIONS>       0.900                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.150                                         
<EXPENSE-RATIO>                 1.01                                           
<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                             
                                Wahovia Balanced Fund                          
                                Class B Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           365,189,219                                    
<INVESTMENTS-AT-VALUE>          378,412,720                                    
<RECEIVABLES>                   8,395,674                                      
<ASSETS-OTHER>                  5,625                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  403,589,075                                    
<PAYABLE-FOR-SECURITIES>        6,405,108                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,054,835                                      
<TOTAL-LIABILITIES>             7,459,943                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        328,165,075                                    
<SHARES-COMMON-STOCK>           775,892                                        
<SHARES-COMMON-PRIOR>           447,025                                        
<ACCUMULATED-NII-CURRENT>       2,216,330                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         35,649,093                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        30,093,634                                     
<NET-ASSETS>                    10,184,939                                     
<DIVIDEND-INCOME>               1,124,625                                      
<INTEREST-INCOME>               6,245,895                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,529,663                                      
<NET-INVESTMENT-INCOME>         5,840,857                                      
<REALIZED-GAINS-CURRENT>        36,427,818                                     
<APPREC-INCREASE-CURRENT>       (14,001,955)                                   
<NET-CHANGE-FROM-OPS>           28,266,720                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       75,369                                         
<DISTRIBUTIONS-OF-GAINS>        425,121                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         313,151                                        
<NUMBER-OF-SHARES-REDEEMED>     24,224                                         
<SHARES-REINVESTED>             39,940                                         
<NET-CHANGE-IN-ASSETS>          89,156,651                                     
<ACCUMULATED-NII-PRIOR>         1,489,127                                      
<ACCUMULATED-GAINS-PRIOR>       20,300,768                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,296,055                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,737,039                                      
<AVERAGE-NET-ASSETS>            367,454,959                                    
<PER-SHARE-NAV-BEGIN>           13.230                                         
<PER-SHARE-NII>                 0.140                                          
<PER-SHARE-GAIN-APPREC>         0.800                                          
<PER-SHARE-DIVIDEND>            0.140                                          
<PER-SHARE-DISTRIBUTIONS>       0.900                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.130                                         
<EXPENSE-RATIO>                 1.76                                           
<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                             
                                Wahovia Balanced Fund                          
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           365,189,219                                    
<INVESTMENTS-AT-VALUE>          378,412,720                                    
<RECEIVABLES>                   8,395,674                                      
<ASSETS-OTHER>                  5,625                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  403,589,075                                    
<PAYABLE-FOR-SECURITIES>        6,405,108                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,054,835                                      
<TOTAL-LIABILITIES>             7,459,943                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        328,165,075                                    
<SHARES-COMMON-STOCK>           23,347,279                                     
<SHARES-COMMON-PRIOR>           18,854,954                                     
<ACCUMULATED-NII-CURRENT>       2,216,330                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         35,649,093                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        30,093,634                                     
<NET-ASSETS>                    307,269,025                                    
<DIVIDEND-INCOME>               1,124,625                                      
<INTEREST-INCOME>               6,245,895                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,529,663                                      
<NET-INVESTMENT-INCOME>         5,840,857                                      
<REALIZED-GAINS-CURRENT>        36,427,818                                     
<APPREC-INCREASE-CURRENT>       (14,001,955)                                   
<NET-CHANGE-FROM-OPS>           28,266,720                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       4,158,796                                      
<DISTRIBUTIONS-OF-GAINS>        16,816,254                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         5,155,146                                      
<NUMBER-OF-SHARES-REDEEMED>     2,219,762                                      
<SHARES-REINVESTED>             1,556,941                                      
<NET-CHANGE-IN-ASSETS>          89,156,651                                     
<ACCUMULATED-NII-PRIOR>         1,489,127                                      
<ACCUMULATED-GAINS-PRIOR>       20,300,768                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,296,055                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,737,039                                      
<AVERAGE-NET-ASSETS>            367,454,959                                    
<PER-SHARE-NAV-BEGIN>           13.260                                         
<PER-SHARE-NII>                 0.220                                          
<PER-SHARE-GAIN-APPREC>         0.780                                          
<PER-SHARE-DIVIDEND>            0.200                                          
<PER-SHARE-DISTRIBUTIONS>       0.900                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.160                                         
<EXPENSE-RATIO>                 0.76                                           
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           189,979,371                                    
<INVESTMENTS-AT-VALUE>          287,464,288                                    
<RECEIVABLES>                   1,016,849                                      
<ASSETS-OTHER>                  66,515                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  288,547,652                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       891,336                                        
<TOTAL-LIABILITIES>             891,336                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        185,664,122                                    
<SHARES-COMMON-STOCK>           3,244,648                                      
<SHARES-COMMON-PRIOR>           1,863,738                                      
<ACCUMULATED-NII-CURRENT>       332,163                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         4,150,097                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        97,509,934                                     
<NET-ASSETS>                    62,576,025                                     
<DIVIDEND-INCOME>               1,797,748                                      
<INTEREST-INCOME>               919,097                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,226,250                                      
<NET-INVESTMENT-INCOME>         1,490,595                                      
<REALIZED-GAINS-CURRENT>        4,854,078                                      
<APPREC-INCREASE-CURRENT>       23,261,672                                     
<NET-CHANGE-FROM-OPS>           29,606,345                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       228,132                                        
<DISTRIBUTIONS-OF-GAINS>        3,354,335                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,347,294                                      
<NUMBER-OF-SHARES-REDEEMED>     171,400                                        
<SHARES-REINVESTED>             205,016                                        
<NET-CHANGE-IN-ASSETS>          62,665,456                                     
<ACCUMULATED-NII-PRIOR>         334,146                                        
<ACCUMULATED-GAINS-PRIOR>       20,174,710                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           900,107                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,279,861                                      
<AVERAGE-NET-ASSETS>            258,927,826                                    
<PER-SHARE-NAV-BEGIN>           19.000                                         
<PER-SHARE-NII>                 (0.020)                                        
<PER-SHARE-GAIN-APPREC>         2.160                                          
<PER-SHARE-DIVIDEND>            0.100                                          
<PER-SHARE-DISTRIBUTIONS>       1.750                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.290                                         
<EXPENSE-RATIO>                 1.12                                           
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           189,979,371                                    
<INVESTMENTS-AT-VALUE>          287,464,288                                    
<RECEIVABLES>                   1,016,849                                      
<ASSETS-OTHER>                  66,515                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  288,547,652                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       891,336                                        
<TOTAL-LIABILITIES>             891,336                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        185,664,122                                    
<SHARES-COMMON-STOCK>           756,272                                        
<SHARES-COMMON-PRIOR>           346,358                                        
<ACCUMULATED-NII-CURRENT>       332,163                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         4,150,097                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        97,509,934                                     
<NET-ASSETS>                    14,545,921                                     
<DIVIDEND-INCOME>               1,797,748                                      
<INTEREST-INCOME>               919,097                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,226,250                                      
<NET-INVESTMENT-INCOME>         1,490,595                                      
<REALIZED-GAINS-CURRENT>        4,854,078                                      
<APPREC-INCREASE-CURRENT>       23,261,672                                     
<NET-CHANGE-FROM-OPS>           29,606,345                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       16,517                                         
<DISTRIBUTIONS-OF-GAINS>        633,226                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         391,006                                        
<NUMBER-OF-SHARES-REDEEMED>     18,900                                         
<SHARES-REINVESTED>             37,808                                         
<NET-CHANGE-IN-ASSETS>          62,665,456                                     
<ACCUMULATED-NII-PRIOR>         334,146                                        
<ACCUMULATED-GAINS-PRIOR>       20,174,710                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           900,107                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,279,861                                      
<AVERAGE-NET-ASSETS>            258,927,826                                    
<PER-SHARE-NAV-BEGIN>           18.950                                         
<PER-SHARE-NII>                 0.030                                          
<PER-SHARE-GAIN-APPREC>         2.040                                          
<PER-SHARE-DIVIDEND>            0.040                                          
<PER-SHARE-DISTRIBUTIONS>       1.750                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.230                                         
<EXPENSE-RATIO>                 1.87                                           
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           189,979,371                                    
<INVESTMENTS-AT-VALUE>          287,464,288                                    
<RECEIVABLES>                   1,016,849                                      
<ASSETS-OTHER>                  66,515                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  288,547,652                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       891,336                                        
<TOTAL-LIABILITIES>             891,336                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        185,664,122                                    
<SHARES-COMMON-STOCK>           10,910,174                                     
<SHARES-COMMON-PRIOR>           9,631,236                                      
<ACCUMULATED-NII-CURRENT>       332,163                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         4,150,097                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        97,509,934                                     
<NET-ASSETS>                    210,534,370                                    
<DIVIDEND-INCOME>               1,797,748                                      
<INTEREST-INCOME>               919,097                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,226,250                                      
<NET-INVESTMENT-INCOME>         1,490,595                                      
<REALIZED-GAINS-CURRENT>        4,854,078                                      
<APPREC-INCREASE-CURRENT>       23,261,672                                     
<NET-CHANGE-FROM-OPS>           29,606,345                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,247,929                                      
<DISTRIBUTIONS-OF-GAINS>        16,891,130                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         850,680                                        
<NUMBER-OF-SHARES-REDEEMED>     534,051                                        
<SHARES-REINVESTED>             962,309                                        
<NET-CHANGE-IN-ASSETS>          62,665,456                                     
<ACCUMULATED-NII-PRIOR>         334,146                                        
<ACCUMULATED-GAINS-PRIOR>       20,174,710                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           900,107                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,279,861                                      
<AVERAGE-NET-ASSETS>            258,927,826                                    
<PER-SHARE-NAV-BEGIN>           19.000                                         
<PER-SHARE-NII>                 0.120                                          
<PER-SHARE-GAIN-APPREC>         2.050                                          
<PER-SHARE-DIVIDEND>            0.120                                          
<PER-SHARE-DISTRIBUTIONS>       1.750                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.300                                         
<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>                     The Wachovia Funds                             
                                Wachovia Emerging Markets Fund                 
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           171,708,399                                    
<INVESTMENTS-AT-VALUE>          162,285,204                                    
<RECEIVABLES>                   902,700                                        
<ASSETS-OTHER>                  78,294                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  163,266,198                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       441,659                                        
<TOTAL-LIABILITIES>             441,659                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        173,874,052                                    
<SHARES-COMMON-STOCK>           886,755                                        
<SHARES-COMMON-PRIOR>           718,728                                        
<ACCUMULATED-NII-CURRENT>       814,497                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (2,439,913)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (9,424,097)                                    
<NET-ASSETS>                    9,417,517                                      
<DIVIDEND-INCOME>               1,994,153                                      
<INTEREST-INCOME>               250,562                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,339,246                                      
<NET-INVESTMENT-INCOME>         905,469                                        
<REALIZED-GAINS-CURRENT>        998,937                                        
<APPREC-INCREASE-CURRENT>       7,927,938                                      
<NET-CHANGE-FROM-OPS>           (6,023,532)                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       79,885                                         
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         270,529                                        
<NUMBER-OF-SHARES-REDEEMED>     109,825                                        
<SHARES-REINVESTED>             7,323                                          
<NET-CHANGE-IN-ASSETS>          15,128,377                                     
<ACCUMULATED-NII-PRIOR>         1,616,910                                      
<ACCUMULATED-GAINS-PRIOR>       (3,438,850)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           830,838                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,339,246                                      
<AVERAGE-NET-ASSETS>            164,727,364                                    
<PER-SHARE-NAV-BEGIN>           11.120                                         
<PER-SHARE-NII>                 (0.070)                                        
<PER-SHARE-GAIN-APPREC>         (0.320)                                        
<PER-SHARE-DIVIDEND>            0.110                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.620                                         
<EXPENSE-RATIO>                 1.98                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   132                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Emerging Markets Fund                 
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           171,708,399                                    
<INVESTMENTS-AT-VALUE>          162,285,204                                    
<RECEIVABLES>                   902,700                                        
<ASSETS-OTHER>                  78,294                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  163,266,198                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       441,659                                        
<TOTAL-LIABILITIES>             441,659                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        173,874,052                                    
<SHARES-COMMON-STOCK>           14,442,754                                     
<SHARES-COMMON-PRIOR>           12,552,477                                     
<ACCUMULATED-NII-CURRENT>       814,497                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (2,439,913)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (9,424,097)                                    
<NET-ASSETS>                    153,407,025                                    
<DIVIDEND-INCOME>               1,994,153                                      
<INTEREST-INCOME>               250,562                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,339,246                                      
<NET-INVESTMENT-INCOME>         905,469                                        
<REALIZED-GAINS-CURRENT>        998,937                                        
<APPREC-INCREASE-CURRENT>       7,927,938                                      
<NET-CHANGE-FROM-OPS>           (6,023,532)                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,627,997                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,516,130                                      
<NUMBER-OF-SHARES-REDEEMED>     675,510                                        
<SHARES-REINVESTED>             49,657                                         
<NET-CHANGE-IN-ASSETS>          15,128,377                                     
<ACCUMULATED-NII-PRIOR>         1,616,910                                      
<ACCUMULATED-GAINS-PRIOR>       (3,438,850)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           830,838                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,339,246                                      
<AVERAGE-NET-ASSETS>            164,727,364                                    
<PER-SHARE-NAV-BEGIN>           11.130                                         
<PER-SHARE-NII>                 0.070                                          
<PER-SHARE-GAIN-APPREC>         (0.450)                                        
<PER-SHARE-DIVIDEND>            0.130                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.620                                         
<EXPENSE-RATIO>                 1.73                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   141                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Growth & Income Fund                  
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           174,235,967                                    
<INVESTMENTS-AT-VALUE>          324,837,164                                    
<RECEIVABLES>                   3,799,154                                      
<ASSETS-OTHER>                  193,488                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  328,829,806                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       531,657                                        
<TOTAL-LIABILITIES>             531,657                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        157,013,847                                    
<SHARES-COMMON-STOCK>           5,726,100                                      
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       508,138                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         20,174,967                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        150,601,197                                    
<NET-ASSETS>                    125,297,769                                    
<DIVIDEND-INCOME>               1,496,542                                      
<INTEREST-INCOME>               1,549,118                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,959,864                                      
<NET-INVESTMENT-INCOME>         1,085,796                                      
<REALIZED-GAINS-CURRENT>        20,174,949                                     
<APPREC-INCREASE-CURRENT>       16,215,807                                     
<NET-CHANGE-FROM-OPS>           37,476,552                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       693,342                                        
<DISTRIBUTIONS-OF-GAINS>        16,598,781                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         411,919                                        
<NUMBER-OF-SHARES-REDEEMED>     11,593,950                                     
<SHARES-REINVESTED>             466,141                                        
<NET-CHANGE-IN-ASSETS>          (10,425,480)                                   
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,485,740                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,282,282                                      
<AVERAGE-NET-ASSETS>            336,257,943                                    
<PER-SHARE-NAV-BEGIN>           20.600                                         
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         2.270                                          
<PER-SHARE-DIVIDEND>            0.030                                          
<PER-SHARE-DISTRIBUTIONS>       1.010                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.880                                         
<EXPENSE-RATIO>                 1.29                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   142                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Growth & Income Fund                  
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           174,235,967                                    
<INVESTMENTS-AT-VALUE>          324,837,164                                    
<RECEIVABLES>                   3,799,154                                      
<ASSETS-OTHER>                  193,488                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  328,829,806                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       531,657                                        
<TOTAL-LIABILITIES>             531,657                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        157,013,847                                    
<SHARES-COMMON-STOCK>           9,275,944                                      
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       508,138                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         20,174,967                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        150,601,197                                    
<NET-ASSETS>                    203,000,380                                    
<DIVIDEND-INCOME>               1,496,542                                      
<INTEREST-INCOME>               1,549,118                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,959,864                                      
<NET-INVESTMENT-INCOME>         1,085,796                                      
<REALIZED-GAINS-CURRENT>        20,174,949                                     
<APPREC-INCREASE-CURRENT>       16,215,807                                     
<NET-CHANGE-FROM-OPS>           37,476,552                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         9,665,958                                      
<NUMBER-OF-SHARES-REDEEMED>     390,014                                        
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          (10,425,480)                                   
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,485,740                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,282,282                                      
<AVERAGE-NET-ASSETS>            336,257,943                                    
<PER-SHARE-NAV-BEGIN>           22.310                                         
<PER-SHARE-NII>                 0.040                                          
<PER-SHARE-GAIN-APPREC>         (0.470)                                        
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.880                                         
<EXPENSE-RATIO>                 0.86                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   151                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Intermediate Fixed Income Fund        
                                Class A Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           88,590,099                                     
<INVESTMENTS-AT-VALUE>          93,276,460                                     
<RECEIVABLES>                   1,011,475                                      
<ASSETS-OTHER>                  11,095                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  94,299,030                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       60,779                                         
<TOTAL-LIABILITIES>             60,779                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        92,075,550                                     
<SHARES-COMMON-STOCK>           482,836                                        
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       3,988                                          
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (2,527,648)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        4,686,361                                      
<NET-ASSETS>                    4,882,829                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               3,020,867                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  456,918                                        
<NET-INVESTMENT-INCOME>         2,563,949                                      
<REALIZED-GAINS-CURRENT>        651,836                                        
<APPREC-INCREASE-CURRENT>       408,961                                        
<NET-CHANGE-FROM-OPS>           3,624,746                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,009,847                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         399,171                                        
<NUMBER-OF-SHARES-REDEEMED>     9,578,439                                      
<SHARES-REINVESTED>             26,330                                         
<NET-CHANGE-IN-ASSETS>          (2,387,374)                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           323,074                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 579,480                                        
<AVERAGE-NET-ASSETS>            94,300,116                                     
<PER-SHARE-NAV-BEGIN>           10.030                                         
<PER-SHARE-NII>                 0.200                                          
<PER-SHARE-GAIN-APPREC>         0.140                                          
<PER-SHARE-DIVIDEND>            0.260                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.110                                         
<EXPENSE-RATIO>                 1.06                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   152                                            
     <NAME>                     The Wachovia Funds                             
                                Wachovia Intermediate Fixed Income Fund        
                                Class Y Shares                                 
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Nov-30-1998                                    
<PERIOD-END>                    May-31-1998                                    
<INVESTMENTS-AT-COST>           88,590,099                                     
<INVESTMENTS-AT-VALUE>          93,276,460                                     
<RECEIVABLES>                   1,011,475                                      
<ASSETS-OTHER>                  11,095                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  94,299,030                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       60,779                                         
<TOTAL-LIABILITIES>             60,779                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        92,075,550                                     
<SHARES-COMMON-STOCK>           8,833,933                                      
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       3,988                                          
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (2,527,648)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        4,686,361                                      
<NET-ASSETS>                    89,355,422                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               3,020,867                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  456,918                                        
<NET-INVESTMENT-INCOME>         2,563,949                                      
<REALIZED-GAINS-CURRENT>        651,836                                        
<APPREC-INCREASE-CURRENT>       408,961                                        
<NET-CHANGE-FROM-OPS>           3,624,746                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       796,514                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         9,143,686                                      
<NUMBER-OF-SHARES-REDEEMED>     316,036                                        
<SHARES-REINVESTED>             6,283                                          
<NET-CHANGE-IN-ASSETS>          (2,387,374)                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           323,074                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 579,480                                        
<AVERAGE-NET-ASSETS>            94,300,116                                     
<PER-SHARE-NAV-BEGIN>           10.040                                         
<PER-SHARE-NII>                 0.140                                          
<PER-SHARE-GAIN-APPREC>         0.080                                          
<PER-SHARE-DIVIDEND>            0.140                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.120                                         
<EXPENSE-RATIO>                 0.73                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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