<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 7, 1996
FILE NO. 33-45671
FILE NO. 811-6557
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933 / /
POST-EFFECTIVE AMENDMENT NO. 14 /X/
AND
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940 / /
AMENDMENT NO. 16 /X/
STI CLASSIC FUNDS
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
2 OLIVER STREET
BOSTON, MASSACHUSETTS 02109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE (800) 342-5734
DAVID G. LEE
C/O SEI CORPORATION
680 E. SWEDESFORD ROAD
WAYNE, PENNSYLVANIA 19087
(NAME AND ADDRESS OF AGENT FOR SERVICE)
Copies to:
RICHARD W. GRANT JOHN H. GRADY, JR.
MORGAN, LEWIS & BOCKIUS LLP MORGAN, LEWIS & BOCKIUS LLP
2000 ONE LOGAN SQUARE 1800 M STREET, N.W.
PHILADELPHIA, PA 19103 WASHINGTON, D.C. 20036
It is proposed that this filing will become effective (check appropriate box)
X Immediately upon filing pursuant to paragraph (b), or
- ---
On [DATE] pursuant to paragraph (b), or
- ---
60 days after filing pursuant to paragraph (a) or
- ---
75 days after filing pursuant to paragraph (a) or
- ---
On [DATE] pursuant to paragraph (a) of Rule 485.
- ---
Pursuant to the provisions of Rule 24f-2 under the Investment Company Act of
1940, an indefinite number of units of beneficial interest is
being registered by this Registration Statement. Registrant has filed a Rule
24f-2 Notice on July 28, 1995 for its fiscal year ended May 31, 1995.
<PAGE>
STI CLASSIC FUNDS
CROSS REFERENCE SHEET
N-1A ITEM NO. LOCATION
PART A - ALL FUNDS
Item 1. Cover Page Cover Page
Item 2. Synopsis *
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant Funds and Investment
Objectives;
Investment Policies and
Strategies;
Investment Limitations;
Appendix
Item 5. Management of the Fund Board of Trustees; Investment
Advisors; Administration;
Distribution
Item 6. Capital Stock and Other Securities Voting Rights; Shareholder
Inquiries;
Dividends and Distributions;
Tax Information
Item 7. Purchase of Securities Being Offered Cover Page; Purchase of Fund
Shares;
Redemption of Fund Shares
Item 8. Redemption or Repurchase Purchase of Fund Shares;
Redemption of Fund Shares;
Distribution
Item 9. Pending Legal Proceedings *
PART B - ALL FUNDS
Item 10. Cover Page Cover Page
Item 11. Table of Contents Table of Contents
Item 12. General Information and History The Trust
Item 13. Investment Objectives and Policies Description of Permitted
Investments;
Investment Limitations
Item 14. Management of the Registrant Trustees and Officers of the
Trust; The Administrator
Item 15. Control Persons and Principal Trustees and Officers of the
Holders of Securities Trust
Item 16. Investment Advisory and Other Investment Advisors; The
Services Administrator; The
Distributor; Legal Counsel
(Prospectus); Independent
Auditors (Prospectus);
Experts
Item 17. Brokerage Allocation Fund Transactions
Item 18. Capital Stock and Other Securities Description of Shares
Item 19. Purchase, Redemption, and Pricing of Purchase and Redemption of
Securities Being Offered Shares; Determination of Net
Asset Value
Item 20. Tax Status Taxes
Item 21. Underwriters The Distributor
Item 22. Calculation of Yield Quotations Computation of Yield;
Calculation of Total Return
Item 23. Financial Statements Financial Information
<PAGE>
PART C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C of this Registration Statement.
* Not applicable
<PAGE>
The Prospectuses for the Trust Shares and Investor Shares of the Investment
Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, U.S. Government
Securities Fund, Limited-Term Federal Mortgage Securities Fund, Short-Term Bond
Fund, Short-Term U.S. Treasury Securities Fund, Florida Tax-Exempt Bond Fund,
Georgia Tax-Exempt Bond Fund, Tennessee Tax-Exempt Bond Fund, Prime Quality
Money Market Fund, U.S. Government Securities Money Market Fund, Tax-Exempt
Money Market Fund, Capital Growth Fund, Value Income Stock Fund, Mid-Cap Equity
Fund, Balanced Fund, Sunbelt Equity Fund, International Equity Index Fund
and the Prospectus for the Flex Shares of the Investment Grade Bond Fund,
Investment Grade Tax-Exempt Bond Fund, U.S. Government Securities Fund, Limited-
Term Federal Mortgage Securities Fund, Short-Term Bond Fund, Short-Term U.S.
Treasury Securities Fund, Florida Tax-Exempt Bond Fund, Georgia Tax-Exempt Bond
Fund, Tennessee Tax-Exempt Bond Fund, Capital Growth Fund, Value Income Stock
Fund, Mid-Cap Equity Fund, Balanced Fund, Sunbelt Equity Fund and the
International Equity Index Fund and the Statement of Additional Information
included as part of Post-Effective Amendment No. 13 to the Registrant's
Registration Statement on Form N-1A (File No. 33-45671) filed with the
Securities and Exchange Commission on September 29, 1995 are hereby incorporated
by reference as if set forth in full herein.
The Prospectus for the Investor and Flex Shares of the International Equity Fund
and Statement of Additional Information included as part of Post-Effective
Amendment No. 12 to the Registrant's Registration Statement on Form N-1A (File
No. 33-45671) filed with the Securities and Exchange Commission on August 17,
1995 are hereby incorporated by reference as if set forth in full herein.
<PAGE>
STI CLASSIC FUNDS
INTERNATIONAL EQUITY FUND
TRUST CLASS SHARES
Supplement dated May 7, 1996
to Prospectus dated October 1, 1995
The Prospectus dated October 1, 1995 is hereby amended by the addition of
the following unaudited financial information for the International Equity Fund
for the period ended March 31, 1996.
<TABLE>
<CAPTION>
FINANCIAL HIGHLIGHTS STI CLASSIC FUNDS
FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED)
For a Share Outstanding Throughout the Period
RATIO OF
RATIO OF NET
NET RATIO OF NET RATIO OF INVESTMENT
REALIZED NET NET EXPENSES INVESTMENT EXPENSES LOSS TO
NET ASSET AND DIVIDENDS ASSET ASSETS TO INCOME/ TO AVERAGE AVERAGE
VALUE NET UNREALIZED FROM NET VALUE END OF AVERAGE (LOSS) TO NET ASSETS NET ASSETS PORTFOLIO
BEGINNING INVESTMENT GAINS ON INVESTMENT END OF TOTAL PERIOD NET AVERAGE (EXCLUDING (EXCLUDING) TURNOVER
OF PERIOD LOSS INVESTMENTS INCOME PERIOD RETURN (000) ASSETS NET ASSETS WAIVERS) WAIVERS) RATE
--------- ------ ----------- -------- ------ ------ ----- ------ ---------- --------- -------- ------
- --------------------
INTERNATIONAL
EQUITY FUND
- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRUST
1996(1) $10.00 $ - $ 0.88 $ - $10.88 8.80% $168,030 1.46% 0.11% 1.70% (0.13)% 115%
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Commenced operations on December 1, 1995. All ratios for the period except
total return have been annualized.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
STI CLASSIC FUNDS
INTERNATIONAL EQUITY FUND
INVESTOR/FLEX CLASS SHARES
Supplement dated May 7, 1996
to Prospectus dated October 1, 1995
The Prospectus dated October 1, 1995 is hereby amended by the addition of
the following unaudited financial information for the International Equity Fund
for the period ended March 31, 1996.
<TABLE>
<CAPTION>
FINANCIAL HIGHLIGHTS STI CLASSIC FUNDS
FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED)
For a Share Outstanding Throughout the Period
RATIO OF
RATIO OF NET
NET RATIO OF NET RATIO OF INVESTMENT
REALIZED NET NET EXPENSES INVESTMENT EXPENSES LOSS TO
NET ASSET AND DIVIDENDS ASSET ASSETS TO INCOME/ TO AVERAGE AVERAGE
VALUE NET UNREALIZED FROM NET VALUE END OF AVERAGE (LOSS) TO NET ASSETS NET ASSETS PORTFOLIO
BEGINNING INVESTMENT GAINS ON INVESTMENT END OF TOTAL PERIOD NET AVERAGE (EXCLUDING (EXCLUDING) TURNOVER
OF PERIOD LOSS INVESTMENTS INCOME PERIOD RETURN (000) ASSETS NET ASSETS WAIVERS) WAIVERS) RATE
--------- ------ ----------- -------- ------ ------ ----- ------ ---------- --------- -------- ------
- --------------------
INTERNATIONAL
EQUITY FUND
- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INVESTOR
1996(1) $10.44 $ - $ 0.43 $ - $10.87 4.12% $2,333 1.81% 0.09% 3.53% (1.63)% 115%
FLEX
1996(1) $10.44 $ (0.01) $ 0.43 $ - $10.86 4.02% $521 2.51% (0.51)% 6.13% (4.13)% 115%
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Commenced operations on January 2, 1996. All ratios for the period except
total return have been annualized.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
STI CLASSIC FUNDS
Supplement dated May 7, 1996 to
the Statement of Additional Information
dated October 1, 1995
The Statement of Additional Information for STI Classic Funds is hereby
amended and supplemented by the following unaudited financial statements of
the International Equity Fund for the period ended March 31, 1996.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
<TABLE>
<CAPTION>
Schedule of Investments STI CLASSIC FUNDS
MARCH 31, 1996 Unaudited
Market
INTERNATIONAL EQUITY FUND Shares Value (000)
- --------------------------------------------------------------------------------
Foreign Common Stocks (99.8%)
- --------------------------------------------------------------------------------
<S> <C> <C>
Argentina (1.0%)
Telefonica Argentina ADR . . . . . . . . . . $ 64,500 $ 1,653
Total Argentina . . . . . . . . . . . . . . . . . . . . . 1,653
Australia (2.0%)
Australia & New Zealand Bank . . . . . . . . 152,425 729
Newscorp . . . . . . . . . . . . . . . . . . 125,500 734
QBE Insurance. . . . . . . . . . . . . . . . 167,000 834
Tabcorp. . . . . . . . . . . . . . . . . . . 268,000 1,086
Total Australia . . . . . . . . . . . . . . . . . . . . . 3,383
Brazil (0.6%)
Usiminas ADR . . . . . . . . . . . . . . . . 90,000 968
Total Brazil. . . . . . . . . . . . . . . . . . . . . . . 968
Canada (3.8%)
Alcan Aluminum . . . . . . . . . . . . . . . 50,000 1,613
Bank of Montreal . . . . . . . . . . . . . . 85,000 1,981
Bombardier . . . . . . . . . . . . . . . . . 60,000 886
CAE . . . . . . . . . . . . . . . . . . . . 224,988 1,940
Total Canada. . . . . . . . . . . . . . . . . . . . . . . 6,420
Denmark (2.7%)
Copenhagen Airports. . . . . . . . . . . . . 13,000 1,277
Novo Nordisk . . . . . . . . . . . . . . . . 12,700 1,625
Sophus Berendsen . . . . . . . . . . . . . . 15,000 1,790
Total Denmark . . . . . . . . . . . . . . . . . . . . . . 4,692
Finland (7.1%)
Cultor 2 . . . . . . . . . . . . . . . . . . 107,700 4,886
Finnair. . . . . . . . . . . . . . . . . . . 200,000 1,629
Konecranes*. . . . . . . . . . . . . . . . . 50,000 880
Raision Tehtaat. . . . . . . . . . . . . . . 25,000 859
Repola . . . . . . . . . . . . . . . . . . . 110,000 2,186
TT Tieto . . . . . . . . . . . . . . . . . . 50,000 1,674
Total Finland . . . . . . . . . . . . . . . . . . . . . . 12,114
France (6.2%)
Christian Dior . . . . . . . . . . . . . . . 40,350 5,377
Ecco . . . . . . . . . . . . . . . . . . . . 5,025 1,158
Lagardere Groupe . . . . . . . . . . . . . . 122,500 3,250
Societe Generale . . . . . . . . . . . . . . 7,000 778
Total France. . . . . . . . . . . . . . . . . . . . . . . 10,563
Germany (5.1%)
Altana . . . . . . . . . . . . . . . . . . . 1,200 738
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Schedule of Investments STI CLASSIC FUNDS
MARCH 31, 1996 Unaudited
Market
INTERNATIONAL EQUITY FUND Shares Value (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
Hoechst. . . . . . . . . . . . . . . . . . . 2,300 $ 817
Mannesmann . . . . . . . . . . . . . . . . . 4,900 1,792
Siemens . . . . . . . . . . . . . . . . . . 4,600 2,523
Veba . . . . . . . . . . . . . . . . . . . . 38,600 1,878
Wella. . . . . . . . . . . . . . . . . . . . 2,000 983
Total Germany . . . . . . . . . . . . . . . . . . . . . . 8,731
Hong Kong (3.2%)
Cheung Kong Holdings . . . . . . . . . . . . 240,000 1,692
China Hong Kong Photo. . . . . . . . . . . . 500,000 255
HSBC Holdings. . . . . . . . . . . . . . . . 100,000 1,500
Swire Pacific, Cl A. . . . . . . . . . . . . 90,000 791
Tingyi*. . . . . . . . . . . . . . . . . . . 1,962,000 514
Yue Yuen . . . . . . . . . . . . . . . . . . 2,700,000 656
Total Hong Kong . . . . . . . . . . . . . . . . . . . . . 5,408
Indonesia (1.0%)
Indorama Synthetics. . . . . . . . . . . . . 492,000 1,684
Total Indonesia . . . . . . . . . . . . . . . . . . . . . 1,684
Ireland (0.2%)
CRH-Dublin . . . . . . . . . . . . . . . . . 36,229 318
Total Ireland . . . . . . . . . . . . . . . . . . . . . . 318
Italy (0.7%)
Saipem . . . . . . . . . . . . . . . . . . . 350,000 1,162
Total Italy . . . . . . . . . . . . . . . . . . . . . . . 1,162
Japan (12.8%)
Amway Japan. . . . . . . . . . . . . . . . . 87,900 2,187
Canon. . . . . . . . . . . . . . . . . . . . 142,000 2,710
Fuji Photo Film. . . . . . . . . . . . . . . 82,000 2,347
Mitsubishi Heavy Industries. . . . . . . . . 294,000 2,541
Nippon Television Network. . . . . . . . . . 10,000 2,947
Omron. . . . . . . . . . . . . . . . . . . . 79,000 1,751
Paris Miki . . . . . . . . . . . . . . . . . 90,200 3,459
Sanyo Shinpan. . . . . . . . . . . . . . . . 26,300 1,944
Sony . . . . . . . . . . . . . . . . . . . . 33,400 1,997
Total Japan . . . . . . . . . . . . . . . . . . . . . . . 21,883
Malaysia (0.3%)
Arab Malaysian Finance . . . . . . . . . . . 114,000 563
Total Malaysia. . . . . . . . . . . . . . . . . . . . . . 563
Mexico (2.2%)
Panamerican Beverages ADR. . . . . . . . . . 93,000 3,757
Total Mexico. . . . . . . . . . . . . . . . . . . . . . . 3,757
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Schedule of Investments STI CLASSIC FUNDS
MARCH 31, 1996 Unaudited
Market
INTERNATIONAL EQUITY FUND Shares Value (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
Netherlands (11.4%)
ABN - Amro . . . . . . . . . . . . . . . . . 46,000 $ 2,289
Amev . . . . . . . . . . . . . . . . . . . . 48,200 3,401
DSM . . . . . . . . . . . . . . . . . . . . 17,500 1,661
Hollandsche Beton Groep. . . . . . . . . . . 1,500 249
IHC Caland . . . . . . . . . . . . . . . . . 67,500 2,755
International Nederlanden. . . . . . . . . . 51,000 3,705
KPN . . . . . . . . . . . . . . . . . . . . 39,900 1,570
VNU . . . . . . . . . . . . . . . . . . . . 232,000 3,864
Total Netherlands . . . . . . . . . . . . . . . . . . . . 19,494
New Zealand (0.4%)
Fletcher Challenge Building* . . . . . . . . 297,500 731
Total New Zealand . . . . . . . . . . . . . . . . . . . . 731
Peru (2.4%)
CPT Telefonica del Peru. . . . . . . . . . . 1,171,569 2,418
Credicorp. . . . . . . . . . . . . . . . . . 89,700 1,615
Total Peru. . . . . . . . . . . . . . . . . . . . . . . . 4,033
Philippines (1.8%)
Benpres GDS* . . . . . . . . . . . . . . . . 502,961 3,144
Total Philippines . . . . . . . . . . . . . . . . . . . . 3,144
Republic of Panama (1.5%)
Banco Latino Americano . . . . . . . . . . . 52,200 2,577
Total Republic of Panama. . . . . . . . . . . . . . . . . 2,577
South Korea (0.6%)
Korea Chemical . . . . . . . . . . . . . . . 10,000 1,095
Total South Korea . . . . . . . . . . . . . . . . . . . . 1,095
Spain (3.4%)
Repsol . . . . . . . . . . . . . . . . . . . 88,800 3,350
Telefonica de Espana . . . . . . . . . . . . 150,000 2,382
Total Spain . . . . . . . . . . . . . . . . . . . . . . . 5,732
Sweden (10.0%)
Avesta Sheffield . . . . . . . . . . . . . . 140,200 1,416
Cardo* . . . . . . . . . . . . . . . . . . . 80,000 1,628
Ericsson . . . . . . . . . . . . . . . . . . 108,100 2,377
Getinge Industrier . . . . . . . . . . . . . 71,100 3,636
Hoganas. . . . . . . . . . . . . . . . . . . 53,400 1,626
Kalmar . . . . . . . . . . . . . . . . . . . 40,900 777
Nobelpharma. . . . . . . . . . . . . . . . . 70,000 1,100
SKF . . . . . . . . . . . . . . . . . . . . 70,000 1,545
Svedala. . . . . . . . . . . . . . . . . . . 92,400 3,013
Total Sweden. . . . . . . . . . . . . . . . . . . . . . . 17,118
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Schedule of Investments STI CLASSIC FUNDS
MARCH 31, 1996 Unaudited
Market
INTERNATIONAL EQUITY FUND Shares Value (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
Switzerland (7.8%)
Brown Boveri & Cie . . . . . . . . . . . . . 2,315 $ 2,817
Ciba Geigy . . . . . . . . . . . . . . . . . 3,000 3,757
Roche Holdings . . . . . . . . . . . . . . . 100 831
Sandoz Pharmaceutical. . . . . . . . . . . . 2,900 3,402
Societe Generale Surveillance. . . . . . . . 1,240 2,592
Total Switzerland . . . . . . . . . . . . . . . . . . . . 13,399
United Kingdom (10.5%)
Astec. . . . . . . . . . . . . . . . . . . . 457,000 900
Bank of Ireland. . . . . . . . . . . . . . . 401,055 2,652
British Airport Authority. . . . . . . . . . 200,000 1,637
CRH . . . . . . . . . . . . . . . . . . . . 173,700 1,527
Grand Metropolitan . . . . . . . . . . . . . 165,000 1,062
Grand Metropolitan ADR . . . . . . . . . . . 35,000 919
National Power . . . . . . . . . . . . . . . 407,000 2,900
Orange ADR*. . . . . . . . . . . . . . . . . 283,000 4,846
Rank Organisation. . . . . . . . . . . . . . 207,000 1,539
Total United Kingdom. . . . . . . . . . . . . . . . . . . 17,982
United States (1.1%)
Comverse Technology* . . . . . . . . . . . . 80,700 1,947
Total United States . . . . . . . . . . . . . . . . . . . 1,947
- --------------------------------------------------------------------------------
Total Foreign Common Stocks
(Cost $163,461,427). . . . . . . . . . . . . . . . . 170,551
- --------------------------------------------------------------------------------
Total Investments (99.8% of Net Assets)
(Cost $163,461,427). . . . . . . . . . . . . . . . . $ 170,551
- --------------------------------------------------------------------------------
</TABLE>
* Non-income producing security
ADR - American Depository Receipt
<PAGE>
<TABLE>
<CAPTION>
STATEMENT OF ASSETS AND LIABILITIES (000) STI CLASSIC FUNDS
MARCH 31, 1996 (UNAUDITED)
--------------------
INTERNATIONAL
EQUITY
FUND
--------------------
<S> <C>
ASSETS:
Investments at market value (Cost $163,461,427) $ 170,551
Cash and foreign currency 8,044
Receivables for investment securities sold 4,768
Receivables for capital shares sold 1,278
Other assets 300
------------------------
Total assets 184,941
------------------------
LIABILITIES:
Payables for investment securities purchased 13,612
Payables for capital shares repurchased 193
Accrued expenses 252
------------------------
Total liabilities 14,057
------------------------
NET ASSETS:
Fund shares of the Trust Class (unlimited authorization -
no par value) based on 15,440,533 outstanding shares of
beneficial interest 159,043
Fund shares of the Investor Class (unlimited authorization -
no par value) based on 214,704 outstanding shares of
beneficial interest 2,275
Fund shares of the Flex Class (unlimited authorization -
no par value) based on 47,950 outstanding shares of
beneficial interest 509
Accumulated net realized gain on investments 2,039
Accumulated net realized loss on foreign currency transactions (109)
Undistributed net investment income 41
Net unrealized appreciation on investments 7,090
Net unrealized depreciation on foreign currency and
translation of other assets and liabilities in foreign
currency (4)
------------------------
Total net assets $ 170,884
------------------------
------------------------
Net Asset Value, Offering and Redemption Price Per Share - Trust Class $ 10.88
------------------------
------------------------
Net Asset Value and Redemption Price Per Share - Investor Class $ 10.87
------------------------
------------------------
Maximum Public Offering Price Per Share - Investor Class ($10.87/96.25%) $ 11.29
------------------------
------------------------
Net Asset Value, Offering and Redemption Price Per Share - Flex Class(1) $ 10.86
------------------------
------------------------
</TABLE>
- -----------------------------------------------------------
(1) Flex Class has a contingent deferred sales charge.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
<PAGE>
<TABLE>
<CAPTION>
STATEMENT OF OPERATIONS (000) STI CLASSIC FUNDS
FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED)
----------------
INTERNATIONAL
EQUITY
FUND (1)
----------------
<S> <C>
INVESTMENT INCOME:
Interest $ 127
Dividends 547
Less: Foreign taxes withheld (58)
-----------------
Total investment income 616
-----------------
EXPENSES:
Investment advisory fees 491
Investment advisory fees waived (100)
Administration fees 28
Custody fees 67
Legal and audit fees 5
Printing fees 3
Organizational costs -
Transfer agent fees 15
Registration and filing fees 59
Distributions fees - Investor 1
Distributions fees waived- Investor (1)
Distribution fees - Flex 1
Distribution fees waived - Flex (1)
Other fees 7
-----------------
Total expenses 575
-----------------
NET INVESTMENT INCOME 41
-----------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain on securities sold 2,039
Net realized loss on foreign currency transactions (109)
Net change in unrealized appreciation on
investments 7,090
Net change in unrealized depreciation on foreign currency and
translation of other assets and liabilities in foreign currency (4)
-----------------
Total net realized and unrealized gain on investments 9,016
-----------------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 9,057
-----------------
-----------------
</TABLE>
- ----------------------------------------------------
1 Commenced operations on December 1, 1995.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
<PAGE>
<TABLE>
<CAPTION>
STATEMENT OF CHANGES IN NET ASSETS (000) STI CLASSIC FUNDS
FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED)
----------------
INTERNATIONAL
EQUITY
FUND
12/1/95 (1)
to 3/31/96
----------------
<S> <C>
OPERATIONS:
Net investment income $ 41
Net realized gain on investments and foreign currency transactions 1,930
Net change in unrealized appreciation of investments and foreign currency
transactions 7,086
----------------
Net increase in net assets resulting from operations 9,057
----------------
SHARE TRANSACTIONS:
Trust Class:
Proceeds from shares issued 168,592
Shares issued in lieu of cash distributions -
Cost of shares repurchased (9,549)
----------------
Increase in net assets derived from Institutional Class transactions 159,043
----------------
Investor Class:
Proceeds from shares issued 2,478
Shares issued in lieu of cash distributions -
Cost of shares repurchased (203)
----------------
Increase in net assets derived from Retail Class transactions 2,275
----------------
Flex Class:
Proceeds from shares issued 511
Shares issued in lieu of cash distributions -
Cost of shares repurchased (2)
----------------
Increase in net assets derived from Flex Class transactions 509
----------------
Increase in net assets derived from capital share transactions 161,827
----------------
Net increase in net assets 170,884
NET ASSETS:
Beginning of period -
----------------
End of period $ 170,884
----------------
----------------
SHARES ISSUED AND REDEEMED:
Trust Class:
Shares issued 16,344
Shares issued in lieu of cash distributions -
Shares repurchased (903)
----------------
Total Institutional Class transactions 15,441
----------------
Investor Class:
Shares issued 234
Shares issued in lieu of cash distributions -
Shares repurchased (19)
----------------
Total Retail Class transactions 215
----------------
Flex Class:
Shares issued 48
Shares issued in lieu of cash distributions -
Shares repurchased -
----------------
Total Flex Class transactions 48
----------------
Increase in capital shares 15,704
----------------
----------------
</TABLE>
- --------------------------
1 Commenced operations on December 1, 1995.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
<PAGE>
NOTES TO FINANCIAL STATEMENTS STI CLASSIC FUNDS
MARCH 31, 1996 UNAUDITED
STI INTERNATIONAL EQUITY FUND
(1) ORGANIZATION
The STI Classic Funds (the "Trust") was organized as a Massachusetts business
trust under a Declaration of Trust dated January 15, 1992. The Trust is
registered under the Investment Company Act of 1940, as amended, as an open-end
management investment company. The Trust presently consists of a series of
nineteen portfolios which includes the International Equity Fund (the "Fund").
The Fund commenced operations on December 1, 1995. The other portfolios in the
series which are not being reported at this time include the Prime Quality Money
Market Fund, the U.S. Government Securities Money Market Fund, the Tax-Exempt
Money Market Fund, the Investment Grade Bond Fund, the Investment Grade
Tax-Exempt Bond Fund, the Short-Term U.S. Treasury Securities Fund, the
Short-Term Bond Fund, the Capital Growth Fund, the Value Income Stock Fund, the
Sunbelt Equity Fund, the Mid-Cap Equity Fund, the Balanced Fund, the Florida
Tax-Exempt Bond Fund, the Georgia Tax-Exempt Bond Fund, the Tennessee Tax-Exempt
Bond Fund, the U.S. Government Securities Fund, the Limited-Term Federal
Mortgage Securities Fund, the International Equity Index Fund and the
International Equity Fund. The assets of each portfolio are segregated, and a
shareholder's interest is limited to the fund in which shares are held.
(2) SIGNIFICANT ACCOUNTING POLICIES
The significant accounting policies followed by the Fund are as follows:
SECURITY VALUATION - Investment securities of the Fund which are listed on a
securities exchange for which market quotations are readily available are valued
at the last quoted sales price for such securities on each business day. If
there is no such reported sale, these securities and unlisted securities for
which market quotations are readily available are valued at the last quoted bid
price. Foreign securities are valued based upon quotations from the primary
market in which they are traded.
FEDERAL INCOME TAXES - It is the Fund's intention to qualify as a regulated
investment company for Federal income tax purposes and distribute all of its
taxable income and capital gains. Accordingly, no provision for Federal income
taxes is required.
SECURITY TRANSACTIONS AND RELATED INCOME - Security transactions are accounted
for on the date the security is purchased or sold (trade date). Dividend income
is recognized on the ex-dividend date, and interest income is recorded on the
accrual basis. Cost used in determining realized gains and losses on the sales
of investment securities are those of the specific securities sold.
NET ASSET VALUE PER SHARE - The net asset value per share of the Fund is
calculated on each business day, by dividing the total value of the fund's
assets, less liabilities, by the number of shares outstanding. The maximum
offering price per share for the Investor shares of the Fund is equal to the net
asset value per share plus a sales load of 3.75%.
<PAGE>
NOTES TO FINANCIAL STATEMENTS STI CLASSIC FUNDS
MARCH 31, 1996 UNAUDITED
STI INTERNATIONAL EQUITY FUND
FOREIGN CURRENCY TRANSLATION- The books and records of the Fund are maintained
in U.S. dollars on the following basis:
(I) market value of investment securities, assets and liabilities at the
current rate of exchange; and
(II) purchases and sales of investment securities, income and expenses at
the relevant rates of exchange prevailing on the respective dates of
such transactions.
The Fund does not isolate that portion of gains and losses on investments
in equity securities which is due to changes in the foreign exchange rates from
that which is due to change in market prices of equity securities.
The Fund reports certain foreign currency related transactions as
components of realized gains for financial reporting purposes, whereas such
components are treated as ordinary income for Federal income tax purposes.
OTHER - Expenses that are directly related to the Fund are charged directly to
the Fund. Class specific expenses, such as the 12b-1 fees, are borne by that
class. Other operating expenses of the Trust are prorated to the Funds on the
basis of relative net asset value.
Distributions from net investment income is declared and paid to
shareholders annually. Any net realized capital gains on sales of securities
are distributed to shareholders at least annually.
(3) ORGANIZATION COSTS AND TRANSACTIONS WITH AFFILIATES:
Organizational costs of approximately $10,000 have been capitalized by the Fund
and are being amortized over sixty months commencing with operations.
Certain officers of the Trust are also officers of SEI Financial Management
Corporation (the "Administrator") and/or SEI Financial Services Company (the
"Distributor"). Such officers are paid no fees by the Trust for serving as
officers of the Trust.
(4) ADMINISTRATION, TRANSFER AGENCY SERVICING AND DISTRIBUTIONS AGREEMENTS:
The Trust and the Administrator are parties to an Administration agreement dated
May 29, 1995, under which the Administrator provides administrative services for
an annual fee (expressed as a percentage of the combined average daily net
assets of the Trust and STI Variable Annuity Trust) of: .10% up to $1 billion,
.07% on the next $4 billion, .05% on the next $3 billion, .045% on the next $2
billion and .04% for over $10 billion.
The Trust and Federated Services Company are parties to a Transfer Agency
servicing agreement dated May 14, 1994 under which Federated Services Company
provides transfer agency services to the Trust.
The Trust and the Distributor are parties to a Distribution Agreement (12b-1
Plan) dated May 29, 1995. The Distributor will receive no fees for its
distribution services under this agreement for the Trust Shares of the Fund.
With respect to the Investor Shares and Flex Shares, the Distributor receives an
amounts, pursuant to a Distribution Plan and (in the case of Flex Shares) a
Service Plan, as outlined in the table in footnote 5 under column titled
"Distribution Fee".
<PAGE>
NOTES TO FINANCIAL STATEMENTS STI CLASSIC FUNDS
MARCH 31, 1996 UNAUDITED
STI INTERNATIONAL EQUITY FUND
(5) INVESTMENT ADVISORY AGREEMENT:
The Trust and SunBank Capital Management, N.A. have entered into an advisory
agreement dated May 29, 1992.
Under terms of the agreement, the Fund is charged the following annual fees
based upon average net assets:
<TABLE>
<CAPTION>
MAXIMUM
FLEX
MAXIMUM SHARE
MAXIMUM TRUST INVESTOR INVESTOR DISTRIBUTION FLEX
ANNUAL SHARE SHARE SHARE AND SHARE
ADVISORY MAXIMUM DISTRI- MAXIMUM SERVICE MAXIMUM
FEE EXPENSE BUTION FEE EXPENSE FEE EXPENSE
----- ------- ---------- ------- --- -------
<S> <C> <C> <C> <C> <C> <C>
International Equity Fund 1.25% 1.46% .33% 1.81% 1.00% 2.51%
</TABLE>
The Investment Advisor, the Administrator and the Distributor have voluntarily
agreed to waive all or a portion of their fees (and to reimburse Funds'
expenses) in order to limit operating expenses to an amount as outlined in the
table above. Fee waivers and expense reimbursements are voluntary and may be
terminated at any time.
(6) INVESTMENT TRANSACTIONS
During the period December 1, 1995 to March 31, 1996 the cost of purchases and
the proceeds from sales of securities, other than temporary investments in
short-term securities were as follows:
<TABLE>
<CAPTION>
U.S. GOVERNMENT SECURITIES OTHER INVESTMENT SECURITIES
--------------------------- ----------------------------
PURCHASES (000) SALES (000) PURCHASES (000) SALES (000)
--------------- ----------- --------------- -----------
<S> <C> <C> <C> <C>
International Equity Fund --- --- $210,703 $145,930
</TABLE>
At March 31, 1996, the total cost of securities and the net realized gains or
losses on securities sold, for Federal Income Tax purposes, was not materially
different from amounts reported for financial reporting purposes. The aggregate
gross unrealized appreciation and depreciation for securities held by the Fund
at March 31, 1996 is as follows (000):
<TABLE>
<CAPTION>
INTERNATIONAL EQUITY FUND
-------------------------
<S> <C>
Aggregate gross
unrealized appreciation $ 9,029
Aggregate gross
unrealized depreciation (1,939)
------
Net unrealized
appreciation $ 7,090
-----
</TABLE>
<PAGE>
STI CLASSIC FUNDS
PART C: OTHER INFORMATION
POST-EFFECTIVE AMENDMENT NO. 14
Item 24. Financial Statements and Exhibits:
Financial Statements
(a) Part A - Prospectus
Part B - Statement of Additional Information
Audited financial statements as of May 31, 1995 incorporated by reference
to Post-Effective Amendment No. 13 filed September 29, 1995
Unaudited financial statements as of March 31, 1996
Schedule of Investments
Statement of Assets and Liabililities
Statement of Operations
Statement of Changes in Net Assets
Financial Highlights
Notes to Financial Statements
(b) Additional Exhibits
(1) Declaration of Trust (Incorporated by reference to Registration
Statement filed February 12, 1992)
(2) By-Laws (Incorporated by reference to Pre-Effective Amendment
No. 1 filed April 23, 1992)
(5)(b) Form of Investment Advisory Agreements with:
SunBank Capital Management, N.A.
Trusco Capital Management, Inc.
Trust Company Bank (Incorporated by reference to Pre-Effective
Amendment No. 1 filed April 23, 1992)
(5)(c) Form of Revised Investment Advisory Agreement with Trusco Capital
Management (Incorporated by reference to Post-Effective Amendment
No. 5 filed August 2, 1993)
(5)(d) Form of Investment Advisory Agreement with American National Bank
and Trust Company (Incorporated by reference to Post-Effective
Amendment No. 6 filed October 22, 1993)
(5)(e) Form of Investment Advisory Agreement with Trust Company Bank
(Incorporated by reference to Post-Effective Amendment No. 6
filed October 22, 1994)
(6) Form of Distribution Agreement (Incorporated by reference to Pre-
Effective Amendment No. 1 filed April 23, 1992)
(8)(a) Form of Transfer Agent Agreement (Incorporated by reference to
Pre-Effective Amendment No. 1 filed April 23, 1992)
(8)(b) Form of Custodian Agreement (Incorporated by reference to Pre-
Effective Amendment No. 1 filed April 23, 1992)
C-1
<PAGE>
(8)(b)(1) Custodian Agreement with the Bank of California relating to
International Equity Index Fund
(8)(b)(2) Custodian Agreement with Trust Company Bank dated February 1,
1994 (Incorporated by reference to Post-Effective Amendment No.
13 filed September 28, 1995)
(8)(c) Transfer Agent Agreement with Federated Services Company, dated
May 14, 1994 (Incorporated by reference to Post-Effective
Amendment No. 9 filed September 22, 1994)
(9)(a) Form of Administration Agreement (Incorporated by reference to
Exhibit 5(a) of Pre-Effective Amendment No. 1 filed April 23,
1992)
(9)(b) Administration Agreement with SEI Financial Management
Corporation dated May 29, 1995 (Incorporated by reference to
Post-Effective Amendment No. 12 filed August 17, 1995)
(10) Opinion and Consent of Counsel (Incorporated by reference to Pre-
Effective Amendment No. 2 filed May 22, 1992)
(11) CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS *
(15) Form of Distribution Plan - Investor Class (Incorporated by
reference to Pre-Effective Amendment No. 1 filed April 23, 1992)
(15)(a) Distribution and Service Agreement relating to Flex Shares dated
May 29, 1995 (Incorporated by reference to Post-Effective
Amendment No. 12 filed August 17, 1995)
(16) Performance Quotation Computation (Incorporated by reference to
Post-Effective Amendment No. 9 filed September 22, 1994)
(18) Rule 18f-3 Plan (Incorporated by reference to Post-Effective
Amendment No. 13 filed September 29, 1995)
(24) Powers of Attorney (Incorporated by reference to Post-Effective
Amendment No. 13 filed September 28, 1995)
(27) FINANCIAL DATA SCHEDULES *
*Filed herewith.
Item 25. Persons Controlled by or under Common Control with Registrant:
See the Prospectuses and Statement of Additional Information regarding the
Trust's control relationships. The Administrator is a subsidiary of SEI
Corporation which also controls the distributor of the Registrant, SEI Financial
Services Company, and other corporations engaged in providing various financial
and record keeping services, primarily to bank trust departments, pension plan
sponsors, and investment managers.
C-2
<PAGE>
Item 26. Number of Holders of Securities:
As of April 15, 1996:
NUMBER OF
TITLE OF CLASS RECORD HOLDERS
Units of beneficial interest, without par value-
Trust Shares
------------
Prime Quality Money Market Fund.....................................11
U.S. Government Securities Money Market Fund..........................5
Tax-Exempt Money Market Fund..........................................5
Investment Grade Bond Fund............................................6
Investment Grade Tax-Exempt Bond Fund.................................5
Capital Growth Fund...................................................9
Value Income Stock Fund...............................................8
Short-Term Bond Fund..................................................6
Short-Term U.S. Treasury Securities Fund..............................6
Sunbelt Equity Fund...................................................6
Balanced Fund.........................................................6
Mid-Cap Equity Fund...................................................6
Florida Tax-Exempt Bond Fund..........................................6
Georgia Tax-Exempt Bond Fund..........................................6
Tennessee Tax-Exempt Bond Fund........................................6
U.S. Government Securities Fund.......................................6
Limited-Term Federal Mortgage Securities Fund.........................6
International Equity Index Fund......................................7
International Equity Fund...........................................121
Investor Shares
---------------
Prime Quality Money Market Fund...................................1,145
U.S. Government Securities Money Market Fund........................528
Tax-Exempt Money Market Fund........................................359
Investment Grade Bond Fund........................................1,695
Investment Grade Tax-Exempt Bond Fund.............................1,103
Capital Growth Fund...............................................9,646
Value Income Stock Fund...........................................5,811
Short-Term Bond Fund................................................101
Short-Term U.S. Treasury Securities Fund............................121
Sunbelt Equity Fund...............................................1,987
Balanced Fund.......................................................328
C-3
<PAGE>
TITLE OF CLASS NUMBER OF
RECORD HOLDERS
Mid-Cap Equity Fund...............................................1,145
Florida Tax-Exempt Bond Fund........................................105
Georgia Tax-Exempt Bond Fund.........................................81
Tennessee Tax-Exempt Bond Fund.......................................36
U.S. Government Securities Fund......................................41
Limited-Term Federal Mortgage Securities Fund........................48
International Equity Index Fund.....................................563
International Equity Fund...........................................168
Flex Shares
Investment Grade Bond Fund..........................................229
Investment Grade Tax-Exempt Bond Fund...............................149
Capital Growth Fund.................................................662
Value Income Stock Fund...........................................1,214
Short-Term Bond Fund.................................................35
Short-Term U.S. Treasury Securities Fund.............................57
Sunbelt Equity Fund..................................................99
Balanced Fund.......................................................150
Mid-Cap Equity Fund.................................................363
Florida Tax-Exempt Bond Fund.........................................62
Georgia Tax-Exempt Bond Fund.........................................80
Tennessee Tax-Exempt Bond Fund.......................................42
U.S. Government Securities Fund.....................................103
Limited-Term Federal Mortgage Securities Fund........................57
International Equity Index Fund......................................93
International Equity Fund............................................62
Item 27. Indemnification:
Article VIII of the Agreement of Declaration of Trust filed as Exhibit 1 to
the Registration Statement is incorporated by reference. Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to trustees, directors, officers and controlling persons of the
Registrant by the Registrant pursuant to the Declaration of Trust or otherwise,
the Registrant is aware that in the opinion of the Securities and Exchange
Commission, such indemnification is against public policy as expressed in the
Act and, therefore, is unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by trustees, directors,
C-4
<PAGE>
officers or controlling persons of the Registrant in connection with the
successful defense of any act, suit or proceeding) is asserted by such
trustees, directors, officers or controlling persons in connection with the
shares being registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Act and will be governed
by the final adjudication of such issues.
Item 28. Business and Other Connections of Investment Advisors:
Other business, profession, vocation, or employment of a substantial nature
in which each director or principal officer of each Advisor is or has been, at
any time during the last two fiscal years, engaged for his own account or in
the capacity of director, officer, employee, partner or trustee are as follows:
<TABLE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
STI CAPITAL MANAGEMENT, N.A.
E. Jenner Wood III -- --
Director
Hunting F. Deutsch -- --
Director
Anthony R. Gray -- --
Chairman & Chief Investment
Officer
James R. Wood -- --
President
Daniel Jaworski -- --
Senior Vice President
Elliott A. Perny -- --
Executive Vice President
& Chief Portfolio Manager
Stuart F. Van Arsdale -- --
Senior Vice President
Jonathan D. Rich -- --
Director
C-5
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Robert Buhrmann -- --
Senior Vice President
Larry M. Cole -- --
Senior Vice President
L. Earl Denney -- --
Executive Vice President
Thomas A. Edgar -- --
Senior Vice President
Daniel G. Shannon -- --
Senior Vice President
Ronald Schwartz -- --
Senior Vice President
Ryan R. Burrow Catalina Lighting Director/25% owner
Senior Vice President
Mills A. Riddick -- --
Senior Vice President
Christopher A. Jones -- --
Senior Vice President
David E. West -- --
Vice President
TRUSCO CAPITAL MANAGEMENT
Douglas S. Phillips -- --
President
Paul L. Robertson, III -- --
First Vice President
E. Jenner Wood, III -- --
Director
C-6
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Donald W. Thurmond -- --
Director
Bob M. Farmer -- --
Vice President
Charles A. Arnold, Jr. -- --
Senior Vice President
James R. Dillion, Jr. -- --
First Vice President
Charles B. Leonard -- --
First Vice President
James P. Foster -- --
Vice President
Agnes G. Pampush -- --
Vice President
Charles A. Burson -- --
Vice President
David L. Watson -- --
Vice President
Kurt T. Momand -- --
Vice President
Charles E. Markwalter -- --
Vice President
David S. Yealy -- --
Vice President
Kimberly C. Maichle -- --
Associate
C-7
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Mary F. Cernilli -- --
Associate
George D. Smith, Jr. -- --
Associate
Stephen M. Yarbrough -- --
Associate
Robert J. Rhodes -- --
Group Vice President
Elizabeth G. Pola -- --
Vice President
Stanley J. Cherny -- --
Associate
James J. Kerrigan -- --
Vice President
Michael L. Ford -- --
Associate
Kay S. Doremus -- --
Associate
Roy Douglas Mitchell -- --
Associate
Gregory L. Watkins -- --
Associate
Julia A. Hilt -- --
Associate
Celia S. Stanley -- --
Vice President
C-8
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Kar Ming Leong -- --
Associate
Catherine A. May -- --
Associate
Rebekah R. Alley -- --
Vice President
Carol C. Frazier -- --
Associate
Patrick W. Kenefick -- --
Associate
Mark D. Garfinkel -- --
Associate
Patrick Kirksey -- --
Associate
Paul C. Becht -- --
Vice President
SUNTRUST BANK CHATTANOOGA, N.A.
Paul K. Brock, Jr. Brock Candy Company Vice President - Special
Director Projects
J. Harold Chandler Provident Life & Accident President & CEO
Director Insurance Co.
William H. Chapin See Rock City, Inc. President
Director
John W. Clay, Jr. Third National Corporation Chairman &
Director CEO
Andrew G. Cope The Johnston Company Managing Partner
Director
C-9
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Robert P. Corker, Jr. -- --
Director
John B. Crimmins, Jr. -- --
Director
J.H. Davenport, III Howard Holdings, Inc. President
Director
Edwin B. Duckett, Jr. -- --
Director
R. Alton Duke, Jr. -- --
Director
Daniel K. Frierson Dixie Yarns, Inc. Chairman & CEO
Director
Zan Guerry Chattem, Inc. Chairman & CEO
Director
James L.E. Hill The Tennessee Aquarium President
Director
Summerfield K. Johnston, Jr. Coca Cola Enterprises, Inc. Vice Chairman & CEO
Director
Robert C. Jones Southern Products Chairman
Director Company, Inc.
James D. Kennedy, Jr. Cherokee Warehouses, Inc. Chairman
Director
T. A. Lupton, Jr. Stone Fort Land Company President
Director
Hugh O. Maclellen, Jr. Provident Life & Accident Chairman - Executive
Director Insurance Co. Committee
C-10
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Jack C. McKee McKee Baking Company Executive Vice
Director President
Charles G. Mills Olan Mills Incorporated Chairman - Executive
Director Committee
J. Woodley Murphy E.I. DuPont de Nemours Plant Manager
Director & Co.
L. Harlen Painter Bell & Associates Attorney-at-Law
Director
Scott L. Probasco, Jr. American National Bank & Chairman - Executive
Director Trust Co. Committee
Robert J. Sudderth, Jr. American National Bank & Chairman & CEO
Director Trust Co.
Winston W. Walker -- --
Director
SUNTRUST BANK, ATLANTA
Gaylord O. Coan Gold Kist, Inc. President & CEO
Director Hindsight Corp. Director
A.D. Correll Georgia-Pacific Corporation President & CEO
Director
R.W. Courts, II Atlantic Realty Company President
Director
Ronald S. Crowding -- --
A.W. Dahlberg The Southern Company President
Director
William W. Gaston Gaston & Gaston General Partner
Director Gaston Development Co., Inc. President
C-11
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Charles B. Ginden -- --
Director
Roberto C. Goizueta The Coca-Cola Company Chairman of the Board
Director
Edward P. Gould Trust Company of Georgia Chairman of the Board
Director
T. Marshall Hahn, Jr. Georgia-Pacific Honorary Chairman
Director Corporation
Jesse Hill, Jr. Atlanta Life Insurance President
Director Company
L. Phillip Humann SunTrust Banks, Inc. President
Director Services Resources & Treasurer
Corporation
William B. Johnson The Ritz Carlton Hotel Chairman
Director Company of the Board
Hicks J. Lanier Oxford Industries, Inc. Chairman of the Board Director
Director & President
Pinehill Development Co. 30% owner
Joseph L. Lanier, Jr. Dan River, Inc. Chairman of the Board
Director Braelan Group Chairman
Robert R. Long Trust Company Bank President
Director
Arthur L. Montgomery -- --
Director
H.G. Patillo Patillo Construction Chairman
Director Company of the Board
Larry L. Prince Genuine Parts Company Chairman of the Board
Director
C-12
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
R. Randall Rollins Rollins, Inc. Chairman of the Board
Director Lor, Inc. Director
Maran, Inc. Director
Gutterworld, Inc. Director
Dabora, Inc. Director & Secretary
Simpson, Nance & Graham Director
Auto Parts Wholesale, Inc. Director
Global Expanded Metal, Inc. Director
Rollins Holding Co. Director
Rol, Ltd. Partner
Rollins Investment Fund Partner
Energy Partners Partner
Petro Partnership Partner
The Piedmont Investment
Group Director
WRG, Ltd. Partner
Rollins, Inc. Chairman
RPC Energy Services, Inc. Chairman
The Mul Company Partner
Bugvac, Inc. Director
Omnitron Int'l, Inc. Director
MRG, Ltd. Partner
Robert W. Scherer -- --
Director
Charles R. Shufeldt -- --
Executive Vice President
Donald Wayne Thurmond -- --
Senior Vice President
James B. Williams SunTrust Banks, Inc. Chairman of the Board
Director
C-13
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
Gerald T. Adams -- --
Senior Vice President
James R. Albach -- --
Group Vice President
Virginia D. Anderson -- --
Assistant Vice President
Christina Bird -- --
First Vice President
Edward Burgess -- --
Vice President
Gay Cash -- --
Vice President
Krista Lee Cosgrove -- --
Trust Officer
Mark Elam -- --
Vice President
Joseph B. Foley, Jr. -- --
First Vice President
Thomas R. Frisbie -- --
Group Vice President
Molly Guenther -- --
Assistant Vice President
Benjamin S. Harris -- --
Vice President
Jethro H. Irby, III -- --
First Vice President
C-14
<PAGE>
<CAPTION>
NAME OF CONNECTION WITH
NAME OTHER COMPANY OTHER COMPANY
---- ------------- -------------
<S> <C> <C>
V. Jere Koser -- --
Group Vice President
Richard A. Makepeace -- --
Assistant Vice President
Sally S. McKinley -- --
Assistant Vice President
James B. Murphy, III -- --
Vice President
James E. Russell -- --
Vice President
Mark Stancil -- --
Assistant Vice President
David E. Thompson -- --
Vice President
Charles C. Watson -- --
Group Vice President
</TABLE>
Item 29. Principal Underwriters:
(a) Furnish the name of each investment company (other than the Registrant) for
which each principal underwriter currently distributing the securities of
the Registrant also acts as a principal underwriter, distributor or
investment adviser.
Registrant's distributor, SEI Financial Services Company ("SFS"), acts as
distributor for:
SEI Daily Income Trust July 15, 1982
SEI Liquid Asset Trust November 29, 1982
SEI Tax Exempt Trust December 3, 1982
SEI Index Funds July 10, 1985
SEI Institutional Managed Trust January 22, 1987
SEI International Trust August 30, 1988
C-15
<PAGE>
Stepstone Funds January 30, 1991
The Advisors' Inner Circle Fund November 14, 1991
The Pillar Funds February 28, 1992
CUFUND May 1, 1992
STI Classic Funds May 29, 1992
CoreFunds, Inc. October 30, 1992
First American Funds, Inc. November 1, 1992
First American Investment Funds, Inc. November 1, 1992
The Arbor Fund January 28, 1993
1784 Funds June 1, 1993
The PBHG Funds, Inc. July 16, 1993
Marquis Funds-Registered Trademark- August 17, 1993
Morgan Grenfell Investment Trust January 3, 1994
Inventor Funds, Inc. August 1, 1994
The Achievement Funds Trust December 27, 1994
Insurance Investment Products Trust December 30, 1994
Bishop Street Funds January 27, 1995
CrestFunds, Inc. March 1, 1995
STI Classic Variable Trust August 18, 1995
ARK Funds November 1, 1995
Monitor Funds January 11, 1996
FMB Funds, Inc. March 1, 1996
SEI Asset Allocation Trust April 1, 1996
SFS provides numerous financial services to investment managers, pension
plan sponsors, and bank trust departments. These services include
portfolio evaluation, performance measurement and consulting services
("Funds Evaluation") and automated execution, clearing and settlement of
securities transactions ("MarketLink").
(b) Furnish the Information required by the following table with respect to
each director, officer or partner of each principal underwriter named in
the answer to Item 21 of Part B. Unless otherwise noted, the business
address of each director or officer is 680 East Swedesford Road, Wayne, PA
19087.
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---- ---------------- ---------------
<S> <C> <C>
Alfred P. West, Jr. Director, Chairman & Chief Executive Officer --
Henry H. Greer Director, President & Chief Operating Officer --
Carmen V. Romeo Director, Executive Vice President & Treasurer --
Gilbert L. Beebower Executive Vice President --
Richard B. Lieb Executive Vice President --
Charles A. Marsh Executive Vice President-Capital Resources Division --
Leo J. Dolan, Jr. Senior Vice President --
Carl A. Guarino Senior Vice President --
</TABLE>
C-16
<PAGE>
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---- ---------------- ---------------
<S> <C> <C>
Jerome Hickey Senior Vice President --
David G. Lee Senior Vice President President & Chief Executive Officer
William Madden Senior Vice President --
A. Keith McDowell Senior Vice President --
Dennis J. McGonigle Senior Vice President --
Hartland J. McKeown Senior Vice President --
James V. Morris Senior Vice President --
Steven Onofrio Senior Vice President --
Kevin P. Robins Senior Vice President, General Counsel & Vice President & Assistant Secretary
Secretary
Robert Wagner Senior Vice President --
Patrick K. Walsh Senior Vice President --
Kenneth Zimmer Senior Vice President --
Robert Crudup Managing Director --
Vic Galef Managing Director --
Kim Kirk Managing Director --
John Krzeminski Managing Director --
Carolyn McLaurin Managing Director --
Barbara Moore Managing Director --
Donald Pepin Managing Director --
Mark Samuels Managing Director --
Wayne M. Withrow Managing Director --
Mick Duncan Team Leader --
Robert S. Ludwig Team Leader & Vice President --
Vicki Malloy Team Leader --
Robert Aller Vice President --
Steve Bendinelli Vice President --
Gordon W. Carpenter Vice President --
Todd Cipperman Vice President & Assistant Secretary Vice President & Assistant Secretary
Kathy Heilig Vice President --
Larry Hutchison Vice President --
Michael Kantor Vice President --
Samuel King Vice President --
Donald H. Korytowski Vice President --
Jack May Vice President --
W. Kelso Morrill Vice President
Sandra K. Orlow Vice President & Assistant Secretary Vice President & Assistant Secretary
Larry Pokora Vice President --
Kim Rainey Vice President --
Paul Sachs Vice President --
Steve Smith Vice President --
</TABLE>
C-17
<PAGE>
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---- ---------------- ---------------
<S> <C> <C>
Daniel Spaventa Vice President --
Kathryn L. Stanton Vice President & Assistant Secretary Vice President & Assistant Secretary
William Zawaski Vice President --
James Dougherty Director of Brokerage Services --
</TABLE>
Item 30. Location of Accounts and Records:
Books or other documents required to be maintained by Section 31(a) of the
Investment Company Act of 1940, and the rules promulgated thereunder, are
maintained as follows:
(a) With respect to Rules 31a-1(a); 31a-1(b)(1); (2)(a) and (b); (3); (6); (8);
(12); and 31a-1(d), the required books and records are maintained at the offices
of Registrant's Custodians:
Trust Company Bank
Park Place
P.O. Box 105504
Atlanta, GA 30348
Bank of California (INTERNATIONAL EQUITY INDEX FUND ONLY)
475 Sansome Street
Suite 1200
San Francisco, CA 94111
Bank of New York (INTERNATIONAL EQUITY FUND ONLY)
One Wall Street
New York, New York
(b)/(c) With respect to Rules 31a-1(a); 31a-1(b)(1),(4); (2)(C) and (D); (4);
(5); (6); (8); (9); (10); (11); and 31a-1(f), the required books and records are
maintained at the offices of Registrant's Administrator:
SEI Financial Management Corporation
680 E. Swedesford Road
Wayne, PA 19087
(c) With respect to Rules 31a-1(b)(5), (6), (9) and (10) and 31a-1(f), the
required books and records are maintained at the principal offices of the
Registrant's Advisor:
C-18
<PAGE>
STI Capital Management, N.A.
P.O. Box 3808
Orlando, FL 32802
Trusco Capital Management
50 Hurt Plaza, Suite 1400
Atlanta, GA 30303
SunTrust Bank, Chattanooga
736 Market Street
Chattanooga, TN 37402
SunTrust Bank, Atlanta
25 Park Place
Atlanta, GA 30303
Item 31. Management Services: None.
Item 32. Undertakings:
Registrant hereby undertakes that whenever Shareholders meeting the
requirements of Section 16(c) of the Investment Company Act of 1940 inform the
Board of Trustees of their desire to communicate with Shareholders of the Trust,
the Trustees will inform such Shareholders as to the approximate number of
Shareholders of record and the approximate costs of mailing or afford said
Shareholders access to a list of Shareholders.
Registrant undertakes to call a meeting of Shareholders for the purpose of
voting upon the question of removal of a Trustee(s) when requested in writing to
do so by the holders of at least 10% of Registrant's outstanding shares and in
connection with such meetings to comply with the provisions of Section 16(c) of
the Investment Company Act of 1940 relating to Shareholder communications.
Registrant undertakes to furnish each person to whom a prospectus is
delivered with a copy of the Registrant's latest annual report to Shareholders,
upon request and without a charge.
C-19
<PAGE>
NOTICE
A copy of the Agreement and Declaration of Trust for STI Classic Funds is
on file with the Secretary of State of The Commonwealth of Massachusetts and
notice is hereby given that this Registration Statement has been executed on
behalf of the Trust by an officer of the Trust as an officer and by its Trustees
as trustees and not individually and the obligations of or arising out of this
Registration Statement are not binding upon any of the Trustees, officers, or
Shareholders individually but are binding only upon the assets and property of
the Trust.
C-20
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 (the "Securities
Act") and the Investment Company Act of 1940, as amended, the Registrant
certifies that it meets all of the requirements for effectiveness of this
Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933
and has duly caused this Post-Effective Amendment No. 14 to the Registration
Statement No. 33-45671 to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Wayne, Commonwealth of Pennsylvania on the 6th
day of May, 1996.
By: *
-----------------------------
David G. Lee, President and
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacity on the dates indicated.
* Trustee May 6, 1996
- -----------------------------------
F. Wendell Gooch
* Trustee May 6, 1996
- -----------------------------------
Daniel S. Goodrum
* Trustee May 6, 1996
- -----------------------------------
Jesse S. Hall
* Trustee May 6, 1996
- -----------------------------------
Wilton Looney
* Trustee May 6, 1996
- -----------------------------------
Champney A. McNair
* Trustee May 6, 1996
- -----------------------------------
T. Gordy Germany
* Trustee May 6, 1996
- -----------------------------------
Bernard F. Sliger
* Controller & Chief May 6, 1996
- ----------------------------------- Financial Officer
Stephen G. Meyer
* President & Chief May 6, 1996
- ----------------------------------- Executive Officer
David G. Lee
* By: /s/ Carmen Romeo
-------------------------------------
Carmen Romeo, As Power of Attorney
<PAGE>
EXHIBIT INDEX
Number Exhibit Page
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
EX-99.B1 Declaration of Trust (Incorporated by Reference to
Registration Statement filed February 12, 1992)
EX-99.B2 By-Laws (Incorporated by reference to Pre-Effective
Amendment No. 1 filed April 23, 1992)
EX-99.B5B Form of Investment Advisory Agreements with:
SunBank Capital Management, N.A.
Trusco Capital Management, Inc.
Trust Company Bank (Incorporated by reference to Pre-
Effective Amendment No. 1 filed April 23, 1992)
EX-99.B5C Form of Revised Investment Advisory Agreement with Trusco
Capital Management (Incorporated by reference to Post-
Effective Amendment No. 5 filed August 2, 1993)
EX-99.B5D Form of Investment Advisory Agreement with American
National Bank and Trust Company (Incorporated by reference
to Post-Effective Amendment No. 6 filed October 22, 1993)
EX-99.B5E Form of Investment Advisory Agreement with Trust
Company Bank
EX-99.B6 Form of Distribution Agreement (Incorporated by
reference to Pre-Effective Amendment No. 1 filed
April 23, 1992)
EX-99.B8A Form of Transfer Agent Agreement (Incorporated by reference
to Pre-Effective Amendment No. 1 filed April 23, 1992)
EX-99.B8B Form of Custodian Agreement (Incorporated by reference to
Pre-Effective Amendment No. 1 filed April 23, 1992)
EX-99.B8B1 Custodian Agreement with the Bank of California relating
to International Equity Index Fund
EX-99.B8B2 Custodian Agreement with Trust Company Bank dated
February 1, 1995 (Incorporated by reference to Post-
Effective Amendment No. 13 filed September 28, 1995)
EX-99.B8C Transfer Agent Agreement with Federated Services Company,
dated May 14, 1994 (Incorporated by reference to Post-
Effective No. 9 filed September 22, 1994)
EX-99.B9A Form of Administration Agreement (Incorporated by reference
to Exhibit 5(a) of Pre-Effective Amendment No. 1 filed
April 23, 1992)
EX-99.B9B Administration Agreement with SEI Financial Management
Corporation dated May 29, 1995 (Incorporated by reference
to Post-Effective Amendment No. 12 filed August 17, 1995)
EX-99.B10 Opinion and Consent of Counsel (Incorporated by reference
to Pre-Effective Amendment No. 2 filed May 22, 1992)
EX-99.B11 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS *
EX-99.B15 Form of Distribution Plan - Investor Class (Incorporated
by reference to Pre-Effective Amendment No. 1 filed
April 23, 1992)
EX-99.B15A Distribution and Service Agreement relating to Flex
Shares dated May 29, 1995 (Incorporated by reference to
Post-Effective Amendment No. 12 filed August 17, 1995)
EX-99.B16 Performance Quotation Computation (Incorporated by
reference to Post-Effective Amendment No. 9 filed
September 22, 1994)
EX-99.B18 Rule 18f-3 Plan (Incorporated by reference to Post-
Effective Amendment No. 13 filed September 29, 1995)
EX-99.B24 Powers of Attorney (Incorporated by reference to
Post-Effective Amendment No. 13 filed September 28, 1995)
EX-27.6A Financial Data Schedule for the International Equity
Fund Trust Class Shares
EX-27.6B Financial Data Schedule for the International Equity
Fund Investor Class Shares
EX-27.6C Financial Data Schedule for the International Equity
Fund Flex Class Shares
*FILED HEREWITH.
C-22
<PAGE>
(ARTHUR ANDERSEN LLP LETTERHEAD)
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated July 20, 1995
included in the Post-Effective Amendment No. 13 to the Registration Statement on
Form N-1A of the STI Classic Funds (No. 33-45671), and to all references to our
Firm included in or made part of Registration Statement File No. 33-45671.
/s/ Arthur Andersen LLP
Philadelphia, Pa.,
May 3, 1996
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<CIK> 0000883939
<NAME> STI CLASSIC FUNDS
<SERIES>
<NUMBER> 191
<NAME> INTERNATIONAL EQUITY FUND TRUST CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-START> DEC-01-1995
<PERIOD-END> MAR-31-1996
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<INVESTMENTS-AT-VALUE> 170551
<RECEIVABLES> 6046
<ASSETS-OTHER> 8344
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 184941
<PAYABLE-FOR-SECURITIES> 13612
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 445
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 161827
<SHARES-COMMON-STOCK> 15441
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1930
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 170884
<DIVIDEND-INCOME> 489
<INTEREST-INCOME> 127
<OTHER-INCOME> 0
<EXPENSES-NET> (575)
<NET-INVESTMENT-INCOME> 41
<REALIZED-GAINS-CURRENT> 1930
<APPREC-INCREASE-CURRENT> 7086
<NET-CHANGE-FROM-OPS> 9057
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16344
<NUMBER-OF-SHARES-REDEEMED> (903)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 168030
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 677
<AVERAGE-NET-ASSETS> 117545
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> .88
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 1.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<CIK> 0000883939
<NAME> STI CLASSIC FUNDS
<SERIES>
<NUMBER> 192
<NAME> INTERNATIONAL EQUITY FUND INVESTOR CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-START> DEC-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 163461
<INVESTMENTS-AT-VALUE> 170551
<RECEIVABLES> 6046
<ASSETS-OTHER> 8344
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<TOTAL-ASSETS> 184941
<PAYABLE-FOR-SECURITIES> 13612
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 445
<TOTAL-LIABILITIES> 14057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 161827
<SHARES-COMMON-STOCK> 215
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 41
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1930
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7086
<NET-ASSETS> 170884
<DIVIDEND-INCOME> 489
<INTEREST-INCOME> 127
<OTHER-INCOME> 0
<EXPENSES-NET> (575)
<NET-INVESTMENT-INCOME> 41
<REALIZED-GAINS-CURRENT> 1930
<APPREC-INCREASE-CURRENT> 7086
<NET-CHANGE-FROM-OPS> 9057
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 234
<NUMBER-OF-SHARES-REDEEMED> (19)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2333
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 677
<AVERAGE-NET-ASSETS> 1181
<PER-SHARE-NAV-BEGIN> 10.44
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> .43
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.87
<EXPENSE-RATIO> 1.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<CIK> 0000883939
<NAME> STI CLASSIC FUNDS
<SERIES>
<NUMBER> 193
<NAME> INTERNATIONAL EQUITY FUND FLEX CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-START> DEC-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 163461
<INVESTMENTS-AT-VALUE> 170551
<RECEIVABLES> 6046
<ASSETS-OTHER> 8344
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 184941
<PAYABLE-FOR-SECURITIES> 13612
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 445
<TOTAL-LIABILITIES> 14057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 161827
<SHARES-COMMON-STOCK> 48
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 41
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1930
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7086
<NET-ASSETS> 170884
<DIVIDEND-INCOME> 489
<INTEREST-INCOME> 127
<OTHER-INCOME> 0
<EXPENSES-NET> (575)
<NET-INVESTMENT-INCOME> 41
<REALIZED-GAINS-CURRENT> 1930
<APPREC-INCREASE-CURRENT> 7086
<NET-CHANGE-FROM-OPS> 9057
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 48
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 521
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 677
<AVERAGE-NET-ASSETS> 272
<PER-SHARE-NAV-BEGIN> 10.44
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> .43
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.86
<EXPENSE-RATIO> 2.51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
