SOUTHTRUST VULCAN FUNDS
NSAR-A, 1994-12-30
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<PAGE>      PAGE  1
000 A000000 10/31/94
000 C000000 0000884735
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 SOUTHTRUST VULCAN FUNDS
001 B000000 811-6580
001 C000000 4122881484
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  3
007 C010100  1
007 C020100 SOUTHTRUST VULCAN TREAS.OBLIG.M.MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 SOUTHTRUST VULCAN BOND FUND
007 C030200 N
007 C010300  3
007 C020300 SOUTHTRUST VULCAN STOCK FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 SOUTHTRUST BANK OF ALABAMA, N.A.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 BIRMINGHAM
008 D02AA01 AL
008 D03AA01 35203
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
<PAGE>      PAGE  2
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8604
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 PRUDENTIAL SECURITIES CORP.
020 B000001 22-2347336
020 C000001     32
020 A000002 INTERSTATE
020 B000002 56-0276690
020 C000002      8
020 A000003 OPPENHEIMER & CO.
020 B000003 13-2798343
020 C000003      5
020 A000004 SMITH BARNEY, INC.
020 B000004 13-1912900
020 C000004      4
020 A000005 KIDDER, PEABODY & CO., INC.
020 B000005 13-5650440
020 C000005      3
020 A000006 CAPITAL INSTITUTIONAL SERVICES, INC.
020 B000006 75-1565705
020 C000006      3
020 A000007 BEAR, STEARNS & CO.
020 B000007 13-4946705
020 C000007      2
020 A000008 A.G. EDWARDS & SONS, INC.
020 B000008 43-0895447
020 C000008      0
020 A000009 A.H. WILLIAMS & CO.
020 B000009 23-2177819
<PAGE>      PAGE  3
020 C000009      0
020 A000010 A.I.G. FINANCIAL SECURITIES CORP.
020 C000010      0
021  000000       57
022 A000001 KIDDER, PEABODY & CO., INC.
022 B000001 13-5650440
022 C000001   5415511
022 D000001     45128
022 A000002 SANWA-BGK SECURITIES CO.
022 B000002 13-3046258
022 C000002   2850594
022 D000002         0
022 A000003 FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003   1606015
022 D000003        50
022 A000004 DONALDSON, LUFKIN JENRETTE/PERSHING CO.
022 C000004   1106706
022 D000004     14989
022 A000005 PRUDENTIAL SECURITIES CORP.
022 B000005 22-2347336
022 C000005   1095979
022 D000005     16272
022 A000006 BARCLAYS BANK PLC
022 B000006 13-4942190
022 C000006    565898
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022 A000007 NIKKO SECURITIES CO. INTERNATIONAL INC.
022 B000007 94-1302123
022 C000007    519229
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022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000008 13-5674085
022 C000008    390467
022 D000008      4982
022 A000009 MORGAN (J.P.) SECURITIES INC.
022 B000009 13-3224016
022 C000009    233044
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022 B000010 13-5108880
022 C000010    138629
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<PAGE>      PAGE  4
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054 E00AA00 N
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054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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039  000200 N
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042 E000200   0
042 F000200   0
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<PAGE>      PAGE  10
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050  000200 N
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056  000200 Y
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<PAGE>      PAGE  11
063 A000200   0
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>





       
<S>                                            <C>

<ARTICLE>                                             6
<SERIES>
   <NUMBER>                                           1
   <NAME>                   SOUTHTRUST VULCAN BOND FUND
<PERIOD-TYPE>                                     6-MOS
<FISCAL-YEAR-END>                           APR-30-1995
<PERIOD-END>                                OCT-31-1994
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<INVESTMENTS-AT-VALUE>                       81,977,658
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<INTEREST-INCOME>                             1,337,343
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  128,467
<NET-INVESTMENT-INCOME>                       1,208,876
<REALIZED-GAINS-CURRENT>                      (247,348)
<APPREC-INCREASE-CURRENT>                   (1,159,345)
<NET-CHANGE-FROM-OPS>                         (197,817)
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                     1,208,681
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       5,023,542
<NUMBER-OF-SHARES-REDEEMED>                     704,162
<SHARES-REINVESTED>                               2,279
<NET-CHANGE-IN-ASSETS>                       40,751,745
<ACCUMULATED-NII-PRIOR>                          31,615
<ACCUMULATED-GAINS-PRIOR>                            99
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                           118,336
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 214,578
<AVERAGE-NET-ASSETS>                         38,832,048
<PER-SHARE-NAV-BEGIN>                            10.040
<PER-SHARE-NII>                                    .300
<PER-SHARE-GAIN-APPREC>                          (.350)
<PER-SHARE-DIVIDEND>                               .300
<PER-SHARE-DISTRIBUTIONS>                          .000
<RETURNS-OF-CAPITAL>                               .000
<PER-SHARE-NAV-END>                               9.690
<EXPENSE-RATIO>                                      65
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        



</TABLE>

<TABLE> <S> <C>





       
<S>                                            <C>

<ARTICLE>                                             6
<SERIES>
   <NUMBER>                                           2
   <NAME>                  SOUTHTRUST VULCAN STOCK FUND
<PERIOD-TYPE>                                     6-MOS
<FISCAL-YEAR-END>                           APR-30-1995
<PERIOD-END>                                OCT-31-1994
<INVESTMENTS-AT-COST>                       115,443,556
<INVESTMENTS-AT-VALUE>                      119,285,657
<RECEIVABLES>                                   185,732
<ASSETS-OTHER>                                   18,356
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              119,489,745
<PAYABLE-FOR-SECURITIES>                        591,984
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       501,455
<TOTAL-LIABILITIES>                           1,093,439
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                    114,902,068
<SHARES-COMMON-STOCK>                        11,284,294
<SHARES-COMMON-PRIOR>                         3,680,863
<ACCUMULATED-NII-CURRENT>                       145,308
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                       (493,171)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                      3,842,101
<NET-ASSETS>                                118,396,306
<DIVIDEND-INCOME>                               583,759
<INTEREST-INCOME>                                32,529
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  155,149
<NET-INVESTMENT-INCOME>                         461,139
<REALIZED-GAINS-CURRENT>                      (246,612)
<APPREC-INCREASE-CURRENT>                     3,940,123
<NET-CHANGE-FROM-OPS>                         4,154,650
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                       330,917
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       7,911,670
<NUMBER-OF-SHARES-REDEEMED>                     312,075
<SHARES-REINVESTED>                               3,836
<NET-CHANGE-IN-ASSETS>                       81,282,234
<ACCUMULATED-NII-PRIOR>                          15,086
<ACCUMULATED-GAINS-PRIOR>                     (246,559)
<OVERDISTRIB-NII-PRIOR>                               0
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<GROSS-ADVISORY-FEES>                           189,529
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 298,462
<AVERAGE-NET-ASSETS>                         49,807,317
<PER-SHARE-NAV-BEGIN>                            10.080
<PER-SHARE-NII>                                    .100
<PER-SHARE-GAIN-APPREC>                            .400
<PER-SHARE-DIVIDEND>                               .090
<PER-SHARE-DISTRIBUTIONS>                          .000
<RETURNS-OF-CAPITAL>                               .000
<PER-SHARE-NAV-END>                              10.490
<EXPENSE-RATIO>                                      61
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        



</TABLE>

<TABLE> <S> <C>





       
<S>                                            <C>

<ARTICLE>                                             6
<SERIES>
   <NUMBER>                                           3
   <NAME>SOUTHTRUST VULCAN TREAS OBLIGATNS MONEY MKT FUND
<PERIOD-TYPE>                                     6-MOS
<FISCAL-YEAR-END>                           APR-30-1995
<PERIOD-END>                                OCT-31-1994
<INVESTMENTS-AT-COST>                       279,501,336
<INVESTMENTS-AT-VALUE>                      279,501,336
<RECEIVABLES>                                   228,419
<ASSETS-OTHER>                                   53,187
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              279,782,942
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       951,229
<TOTAL-LIABILITIES>                             951,229
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                    278,831,713
<SHARES-COMMON-STOCK>                       278,831,713
<SHARES-COMMON-PRIOR>                       278,924,255
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                               0
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                              0
<NET-ASSETS>                                278,831,713
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                             5,405,833
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  514,370
<NET-INVESTMENT-INCOME>                       4,891,463
<REALIZED-GAINS-CURRENT>                              0
<APPREC-INCREASE-CURRENT>                             0
<NET-CHANGE-FROM-OPS>                         4,891,463
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                     4,891,463
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                     513,029,127
<NUMBER-OF-SHARES-REDEEMED>                 513,139,179
<SHARES-REINVESTED>                              17,510
<NET-CHANGE-IN-ASSETS>                         (92,542)
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                           631,484
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 931,164
<AVERAGE-NET-ASSETS>                        251,669,552
<PER-SHARE-NAV-BEGIN>                             1.000
<PER-SHARE-NII>                                    .020
<PER-SHARE-GAIN-APPREC>                            .000
<PER-SHARE-DIVIDEND>                               .020
<PER-SHARE-DISTRIBUTIONS>                          .000
<RETURNS-OF-CAPITAL>                               .000
<PER-SHARE-NAV-END>                               1.000
<EXPENSE-RATIO>                                      41
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        



</TABLE>


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