<PAGE> PAGE 1
000 B000000 04/30/97
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 THE SOUTHTRUST VULCAN FUNDS
001 B000000 811-6580
001 C000000 4122887403
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 4
007 C010100 1
007 C020100 SOUTHTRUST VULCAN TREAS. OBLIG. MMKT 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 C020400 SOUTHTRUST VULCAN INCOME FUND
007 C030400 N
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
<PAGE> PAGE 2
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 ARTHUR ANDERSEN LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 CAPITAL INSTITUTIONAL SERVICES, INC.
020 B000001 75-1565705
020 C000001 130
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000002 13-5674085
020 C000002 60
020 A000003 SMITH BARNEY, INC.
020 B000003 13-1912900
020 C000003 46
020 A000004 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000004 13-2625874
020 C000004 16
020 A000005 BEAR, STEARNS & CO., INC.
020 B000005 13-3299429
020 C000005 14
020 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000006 13-2741729
020 C000006 7
020 A000007 MORGAN STANLEY & CO., INC.
020 B000007 13-2655998
020 C000007 4
020 A000008 ROBINSON-HUMPHREY COMPANY, INC.
020 B000008 58-1472560
020 C000008 0
020 A000009 A.G. BECKER, INC.
020 B000009 36-2809551
020 C000009 0
020 A000010 A.G. EDWARDS & SONS, INC.
020 B000010 43-0895447
020 C000010 0
021 000000 278
<PAGE> PAGE 3
022 A000001 DRRESDNER SECURITIES (USA), INC.
022 C000001 18277358
022 D000001 153539
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002 6736204
022 D000002 40908
022 A000003 DLJ CAPITAL MARKETS
022 C000003 5125477
022 D000003 11549
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
022 C000004 4381335
022 D000004 9165
022 A000005 CS FIRST BOSTON CORP.
022 B000005 13-5659485
022 C000005 3294253
022 D000005 529
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006 3097309
022 D000006 2696
022 A000007 BARCLAYS DEZOETE WEDD SECURITIES
022 B000007 13-4942190
022 C000007 2671232
022 D000007 0
022 A000008 SANWA SECURITIES CO. L.P.
022 B000008 13-3046258
022 C000008 2319955
022 D000008 0
022 A000009 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000009 13-5123346
022 C000009 1720000
022 D000009 0
022 A000010 NIKKO SECURITIES CO. INTERNATIONAL, INC.
022 B000010 94-1302123
022 C000010 1099408
022 D000010 0
023 C000000 51351966
023 D000000 676554
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
034 00AA00 N
<PAGE> PAGE 4
035 00AA00 0
036 B00AA00 0
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
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
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
<PAGE> PAGE 5
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 C00AA00 85000
081 A00AA00 Y
081 B00AA00 299
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
015 A000101 STATE STREET BANK AND TRUST COMPANY
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02266
015 C040101 8602
015 E010101 X
024 000100 Y
025 A000101 BZW
025 C000101 D
025 D000101 50000
025 A000102 CREDIT SUISSE FIRST BOSTON
025 C000102 D
025 D000102 24400
025 A000103 DLJ
025 C000103 D
025 D000103 50000
025 A000104 DRESDNER
025 C000104 D
025 D000104 120000
025 A000105 LEHMAN
<PAGE> PAGE 6
025 C000105 D
025 D000105 25000
025 A000106 MERRILL LYNCH
025 C000106 D
025 D000106 35000
025 A000107 MORGAN STANLEY
025 C000107 D
025 D000107 25000
025 D000108 0
028 A010100 61778
028 A020100 54
028 A030100 0
028 A040100 71854
028 B010100 129386
028 B020100 49
028 B030100 0
028 B040100 105284
028 C010100 156556
028 C020100 55
028 C030100 0
028 C040100 119126
028 D010100 94415
028 D020100 64
028 D030100 0
028 D040100 59620
028 E010100 134595
028 E020100 77
028 E030100 0
028 E040100 145653
028 F010100 97884
028 F020100 93
028 F030100 0
028 F040100 69216
028 G010100 674614
028 G020100 392
028 G030100 0
028 G040100 570753
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
037 000100 N
038 000100 0
039 000100 N
040 000100 N
045 000100 Y
<PAGE> PAGE 7
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
055 A000100 Y
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 Y
062 B000100 37.1
062 C000100 0.0
062 D000100 62.8
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 32
063 B000100 0.0
064 A000100 N
066 A000100 N
<PAGE> PAGE 8
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 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 22874
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 2163
072 G000100 527
<PAGE> PAGE 9
072 H000100 0
072 I000100 53
072 J000100 94
072 K000100 0
072 L000100 7
072 M000100 16
072 N000100 84
072 O000100 0
072 P000100 0
072 Q000100 98
072 R000100 10
072 S000100 9
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 19
072 X000100 3080
072 Y000100 866
072 Z000100 20660
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 20660
072DD020100 0
072EE000100 0
073 A010100 0.0500
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 329400
074 C000100 194816
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 2346
074 M000100 0
074 N000100 526563
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2101
<PAGE> PAGE 10
074 S000100 0
074 T000100 524462
074 U010100 524462
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9998
074 X000100 15
074 Y000100 0
075 A000100 432604
075 B000100 0
076 000100 0.00
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02266
015 C040201 8600
015 E010201 X
015 A000202 PNC BANK, NA
015 B000202 S
015 C010202 PITTSBURGH
015 C020202 PA
015 C030202 15265
015 E010202 X
015 A000203 NATIONSBANK OF NORTH CAROLINA
015 B000203 S
015 C010203 CHARLOTTE
015 C020203 NC
015 C030203 28255
015 E010203 X
015 A000204 MORGAN GUARANTY BANK & TRUST CO.
015 B000204 S
015 C010204 NEW YORK
015 C020204 NY
015 C030204 10015
015 E010204 X
015 A000205 THE CHASE MANHATTAN CORPORATION
015 B000205 S
015 C010205 NEW YORK
015 C020205 NY
015 C030205 10006
015 E010205 X
015 A000206 BANK OF NEW YORK
015 B000206 S
015 C010206 NEW YORK
015 C020206 NY
015 C030206 10006
015 E010206 X
015 A000207 BANKERS TRUST CO.
015 B000207 S
<PAGE> PAGE 11
015 C010207 NEW YORK
015 C020207 NY
015 C030207 10015
015 E010207 X
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 2844
028 A020200 3
028 A030200 0
028 A040200 2915
028 B010200 1691
028 B020200 3
028 B030200 0
028 B040200 2623
028 C010200 3915
028 C020200 2
028 C030200 0
028 C040200 3148
028 D010200 2480
028 D020200 2
028 D030200 0
028 D040200 1103
028 E010200 1979
028 E020200 2
028 E030200 0
028 E040200 2785
028 F010200 2431
028 F020200 2
028 F030200 0
028 F040200 844
028 G010200 15340
028 G020200 14
028 G030200 0
028 G040200 13418
028 H000200 14499
029 000200 Y
030 A000200 0
030 B000200 4.50
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
037 000200 Y
<PAGE> PAGE 12
038 000200 0
039 000200 N
040 000200 N
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.600
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
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.8
062 M000200 41.9
062 N000200 24.4
062 O000200 0.0
062 P000200 30.6
062 Q000200 0.0
062 R000200 0.0
<PAGE> PAGE 13
063 A000200 0
063 B000200 9.6
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 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 Y
070 M020200 N
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 66524
071 B000200 53110
071 C000200 84302
071 D000200 63
072 A000200 12
072 B000200 6198
<PAGE> PAGE 14
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 529
072 G000200 108
072 H000200 0
072 I000200 34
072 J000200 27
072 K000200 0
072 L000200 2
072 M000200 5
072 N000200 21
072 O000200 0
072 P000200 0
072 Q000200 56
072 R000200 10
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 6
072 X000200 800
072 Y000200 44
072 Z000200 5442
072AA000200 654
072BB000200 670
072CC010200 0
072CC020200 289
072DD010200 5679
072DD020200 0
072EE000200 0
073 A010200 0.6400
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 88401
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 685
074 J000200 0
074 K000200 0
074 L000200 5202
074 M000200 0
074 N000200 94288
074 O000200 3021
074 P000200 0
<PAGE> PAGE 15
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 82
074 S000200 0
074 T000200 91185
074 U010200 9166
074 U020200 0
074 V010200 9.95
074 V020200 0.00
074 W000200 0.0000
074 X000200 23
074 Y000200 0
075 A000200 0
075 B000200 88201
076 000200 0.00
015 A000301 STATE STREET BANK AND TRUST COMPANY
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02266
015 C040301 8602
015 E010301 X
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 4702
028 A020300 0
028 A030300 0
028 A040300 4511
028 B010300 3546
028 B020300 16261
028 B030300 0
028 B040300 4305
028 C010300 5347
028 C020300 0
028 C030300 0
028 C040300 2925
028 D010300 4134
028 D020300 0
028 D030300 0
028 D040300 1824
028 E010300 13649
028 E020300 619
<PAGE> PAGE 16
028 E030300 0
028 E040300 3377
028 F010300 3773
028 F020300 0
028 F030300 0
028 F040300 1601
028 G010300 35151
028 G020300 16880
028 G030300 0
028 G040300 18543
028 H000300 35113
029 000300 Y
030 A000300 44
030 B000300 3.50
030 C000300 0.00
031 A000300 6
031 B000300 0
032 000300 38
033 000300 0
037 000300 Y
038 000300 0
039 000300 N
040 000300 N
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.750
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 N
055 B000300 N
<PAGE> PAGE 17
056 000300 Y
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
<PAGE> PAGE 18
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 113252
071 B000300 57485
071 C000300 212907
071 D000300 27
072 A000300 12
072 B000300 1332
072 C000300 3957
072 D000300 0
072 E000300 0
072 F000300 1751
072 G000300 284
072 H000300 0
072 I000300 39
072 J000300 41
072 K000300 0
072 L000300 7
072 M000300 11
072 N000300 25
072 O000300 0
072 P000300 0
072 Q000300 70
072 R000300 11
072 S000300 8
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 10
072 X000300 2257
072 Y000300 70
072 Z000300 3102
072AA000300 20557
072BB000300 950
072CC010300 20216
<PAGE> PAGE 19
072CC020300 0
072DD010300 3210
072DD020300 0
072EE000300 17630
073 A010300 0.2100
073 A020300 0.0000
073 B000300 1.1700
073 C000300 0.0000
074 A000300 0
074 B000300 12000
074 C000300 0
074 D000300 0
074 E000300 797
074 F000300 256297
074 G000300 0
074 H000300 0
074 I000300 3377
074 J000300 69
074 K000300 0
074 L000300 296
074 M000300 0
074 N000300 272836
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 171
074 S000300 0
074 T000300 272665
074 U010300 17244
074 U020300 0
074 V010300 15.81
074 V020300 0.00
074 W000300 0.0000
074 X000300 89
074 Y000300 0
075 A000300 0
075 B000300 233395
076 000300 0.00
015 A000401 STATE STREET BANK AND TRUST COMPANY
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02266
015 C040401 8600
015 E010401 X
024 000400 N
025 D000401 0
025 D000402 0
<PAGE> PAGE 20
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 445
028 A020400 0
028 A030400 0
028 A040400 827
028 B010400 138
028 B020400 0
028 B030400 0
028 B040400 586
028 C010400 814
028 C020400 0
028 C030400 0
028 C040400 1532
028 D010400 499
028 D020400 0
028 D030400 0
028 D040400 580
028 E010400 603
028 E020400 0
028 E030400 0
028 E040400 1250
028 F010400 1113
028 F020400 0
028 F030400 0
028 F040400 1058
028 G010400 3612
028 G020400 0
028 G030400 0
028 G040400 5833
028 H000400 3467
029 000400 Y
030 A000400 0
030 B000400 3.50
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
037 000400 Y
038 000400 0
039 000400 N
040 000400 N
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.600
<PAGE> PAGE 21
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
055 A000400 Y
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
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 2.2
062 M000400 40.2
062 N000400 36.7
062 O000400 0.0
062 P000400 19.7
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 3.1
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
<PAGE> PAGE 22
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
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 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 44967
071 B000400 70876
071 C000400 40009
071 D000400 112
072 A000400 12
072 B000400 2695
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 249
072 G000400 100
072 H000400 0
072 I000400 25
<PAGE> PAGE 23
072 J000400 23
072 K000400 0
072 L000400 7
072 M000400 2
072 N000400 44
072 O000400 0
072 P000400 0
072 Q000400 47
072 R000400 7
072 S000400 5
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 6
072 X000400 515
072 Y000400 136
072 Z000400 2316
072AA000400 245
072BB000400 1930
072CC010400 0
072CC020400 1685
072DD010400 2330
072DD020400 0
072EE000400 0
073 A010400 0.5600
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 38174
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 622
074 M000400 0
074 N000400 38796
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 198
074 S000400 0
074 T000400 38598
<PAGE> PAGE 24
074 U010400 3985
074 U020400 0
074 V010400 9.68
074 V020400 0.00
074 W000400 0.0000
074 X000400 7
074 Y000400 0
075 A000400 0
075 B000400 43682
076 000400 0.00
028 A010500 679
028 A020500 0
028 A030500 0
028 A040500 341
028 B010500 1271
028 B020500 0
028 B030500 0
028 B040500 280
028 C010500 364
028 C020500 0
028 C030500 0
028 C040500 335
028 D010500 1077
028 D020500 0
028 D030500 0
028 D040500 158
028 E010500 593
028 E020500 0
028 E030500 0
028 E040500 146
028 F010500 510
028 F020500 0
028 F030500 0
028 F040500 179
028 G010500 4494
028 G020500 0
028 G030500 0
028 G040500 1439
028 H000500 4291
072 I000500 0
072 J000500 0
072 K000500 0
072 L000500 0
072 M000500 0
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 0
072 T000500 0
<PAGE> PAGE 25
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 0
072 Y000500 0
072 Z000500 0
072AA000500 0
072BB000500 0
072CC010500 0
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 0
074 M000500 0
074 N000500 0
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 0
074 U010500 0
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 0
074 Y000500 0
075 A000500 0
075 B000500 0
076 000500 0.00
030 A000900 0
<PAGE> PAGE 26
030 B000900 0.00
030 C000900 0.00
SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> SouthTrust Vulcan Funds
SouthTrust Vulcan Bond Fund
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Apr-30-1997
<PERIOD-END> Apr-30-1997
<INVESTMENTS-AT-COST> 88,516,382
<INVESTMENTS-AT-VALUE> 89,085,335
<RECEIVABLES> 5,203,056
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 94,288,391
<PAYABLE-FOR-SECURITIES> 3,020,988
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82,830
<TOTAL-LIABILITIES> 3,103,818
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91,505,934
<SHARES-COMMON-STOCK> 9,166,016
<SHARES-COMMON-PRIOR> 7,677,650
<ACCUMULATED-NII-CURRENT> 111,097
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,001,411)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 568,953
<NET-ASSETS> 91,184,573
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,198,029
<OTHER-INCOME> 0
<EXPENSES-NET> 755,564
<NET-INVESTMENT-INCOME> 5,442,465
<REALIZED-GAINS-CURRENT> (15,674)
<APPREC-INCREASE-CURRENT> (288,699)
<NET-CHANGE-FROM-OPS> 5,138,092
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,678,876
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,223,005
<NUMBER-OF-SHARES-REDEEMED> 2,374,300
<SHARES-REINVESTED> 2,805
<NET-CHANGE-IN-ASSETS> 7,927,486
<ACCUMULATED-NII-PRIOR> 75,532
<ACCUMULATED-GAINS-PRIOR> (1,069,035)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 528,799
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 779,631
<AVERAGE-NET-ASSETS> 88,200,667
<PER-SHARE-NAV-BEGIN> 10.010
<PER-SHARE-NII> 0.610
<PER-SHARE-GAIN-APPREC> (0.030)
<PER-SHARE-DIVIDEND> 0.640
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.950
<EXPENSE-RATIO> 0.86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> SouthTrust Vulcan Funds
SouthTrust Vulcan Income Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Apr-30-1997
<PERIOD-END> Apr-30-1997
<INVESTMENTS-AT-COST> 38,122,850
<INVESTMENTS-AT-VALUE> 38,174,211
<RECEIVABLES> 622,161
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,796,372
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 198,770
<TOTAL-LIABILITIES> 198,770
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,288,292
<SHARES-COMMON-STOCK> 3,985,474
<SHARES-COMMON-PRIOR> 7,999,696
<ACCUMULATED-NII-CURRENT> 44,083
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,786,134)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 51,361
<NET-ASSETS> 38,597,602
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,694,807
<OTHER-INCOME> 0
<EXPENSES-NET> 378,837
<NET-INVESTMENT-INCOME> 2,315,970
<REALIZED-GAINS-CURRENT> (1,685,387)
<APPREC-INCREASE-CURRENT> 1,220,369
<NET-CHANGE-FROM-OPS> 1,850,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,329,572
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,031,600
<NUMBER-OF-SHARES-REDEEMED> 5,045,822
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (39,548,969)
<ACCUMULATED-NII-PRIOR> 47,172
<ACCUMULATED-GAINS-PRIOR> (90,234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 248,407
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 514,541
<AVERAGE-NET-ASSETS> 43,681,822
<PER-SHARE-NAV-BEGIN> 9.770
<PER-SHARE-NII> 0.560
<PER-SHARE-GAIN-APPREC> (0.090)
<PER-SHARE-DIVIDEND> 0.560
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.680
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> SouthTrust Vulcan Funds
Vulcan Stock Funds
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Apr-30-1997
<PERIOD-END> Apr-30-1997
<INVESTMENTS-AT-COST> 211,945,887
<INVESTMENTS-AT-VALUE> 272,470,614
<RECEIVABLES> 365,341
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 272,835,955
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 171,229
<TOTAL-LIABILITIES> 171,229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 198,356,104
<SHARES-COMMON-STOCK> 17,244,227
<SHARES-COMMON-PRIOR> 14,195,120
<ACCUMULATED-NII-CURRENT> 91,994
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,691,901
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,524,727
<NET-ASSETS> 272,664,726
<DIVIDEND-INCOME> 3,957,093
<INTEREST-INCOME> 1,332,363
<OTHER-INCOME> 0
<EXPENSES-NET> 2,187,172
<NET-INVESTMENT-INCOME> 3,102,284
<REALIZED-GAINS-CURRENT> 19,606,552
<APPREC-INCREASE-CURRENT> 20,216,321
<NET-CHANGE-FROM-OPS> 42,925,157
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,209,583
<DISTRIBUTIONS-OF-GAINS> 17,630,011
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,804,196
<NUMBER-OF-SHARES-REDEEMED> 1,875,843
<SHARES-REINVESTED> 1,120,754
<NET-CHANGE-IN-ASSETS> 68,243,482
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 11,715,360
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,750,919
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,257,209
<AVERAGE-NET-ASSETS> 233,395,461
<PER-SHARE-NAV-BEGIN> 14.400
<PER-SHARE-NII> 0.200
<PER-SHARE-GAIN-APPREC> 2.590
<PER-SHARE-DIVIDEND> 0.210
<PER-SHARE-DISTRIBUTIONS> 1.170
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.810
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> The SouthTrust Vulcan Funds
Vulcan Treasury Obligations Money Market Fund
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Apr-30-1997
<PERIOD-END> Apr-30-1997
<INVESTMENTS-AT-COST> 524,216,000
<INVESTMENTS-AT-VALUE> 524,216,000
<RECEIVABLES> 2,345,589
<ASSETS-OTHER> 939
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 526,562,528
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,100,459
<TOTAL-LIABILITIES> 2,100,459
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 524,462,069
<SHARES-COMMON-STOCK> 524,462,069
<SHARES-COMMON-PRIOR> 445,728,957
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 524,462,069
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 22,874,042
<OTHER-INCOME> 0
<EXPENSES-NET> 2,214,345
<NET-INVESTMENT-INCOME> 20,659,697
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 20,659,697
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20,659,697
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,208,046,850
<NUMBER-OF-SHARES-REDEEMED> 1,129,943,491
<SHARES-REINVESTED> 629,753
<NET-CHANGE-IN-ASSETS> 78,733,112
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,163,019
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,079,553
<AVERAGE-NET-ASSETS> 432,603,968
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
