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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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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<PAGE> PAGE 10
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<PAGE> PAGE 11
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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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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 2.5
062 M000400 76.9
062 N000400 0.0
062 O000400 0.0
062 P000400 19.2
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 3.2
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
<PAGE> PAGE 21
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 24999
071 B000400 23898
071 C000400 36371
071 D000400 66
072 A000400 6
072 B000400 1277
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 117
072 G000400 50
072 H000400 0
072 I000400 16
072 J000400 4
<PAGE> PAGE 22
072 K000400 0
072 L000400 6
072 M000400 1
072 N000400 10
072 O000400 0
072 P000400 0
072 Q000400 25
072 R000400 4
072 S000400 1
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 4
072 X000400 238
072 Y000400 86
072 Z000400 1125
072AA000400 114
072BB000400 98
072CC010400 567
072CC020400 0
072DD010400 1116
072DD020400 0
072EE000400 0
073 A010400 0.2800
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 38707
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 1006
074 J000400 0
074 K000400 0
074 L000400 657
074 M000400 0
074 N000400 40370
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 80
074 S000400 0
074 T000400 40290
074 U010400 4097
<PAGE> PAGE 23
074 U020400 0
074 V010400 9.83
074 V020400 0.00
074 W000400 0.0000
074 X000400 7
074 Y000400 0
075 A000400 0
075 B000400 38815
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
072 U000500 0
<PAGE> PAGE 24
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
030 B000900 0.00
<PAGE> PAGE 25
030 C000900 0.00
SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> The SouthTrust Vulcan Funds
Vulcan Treasury Obligations Money Market Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1997
<INVESTMENTS-AT-COST> 480,397,113
<INVESTMENTS-AT-VALUE> 480,397,113
<RECEIVABLES> 40,816,208
<ASSETS-OTHER> 648
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 521,213,969
<PAYABLE-FOR-SECURITIES> 39,540,444
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,116,418
<TOTAL-LIABILITIES> 41,656,862
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 479,557,107
<SHARES-COMMON-STOCK> 479,557,107
<SHARES-COMMON-PRIOR> 524,462,069
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 479,557,107
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,317,215
<OTHER-INCOME> 0
<EXPENSES-NET> 1,152,731
<NET-INVESTMENT-INCOME> 12,164,484
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12,164,484
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,164,484
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 473,407,200
<NUMBER-OF-SHARES-REDEEMED> 518,790,565
<SHARES-REINVESTED> 478,403
<NET-CHANGE-IN-ASSETS> (44,904,962)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,204,853
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,616,869
<AVERAGE-NET-ASSETS> 477,523,339
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.030
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<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> Southtrust Vulcan Funds
Southtrust Vulcan Bond Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1997
<INVESTMENTS-AT-COST> 95,276,268
<INVESTMENTS-AT-VALUE> 98,969,381
<RECEIVABLES> 1,832,115
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100,801,496
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 35,927
<TOTAL-LIABILITIES> 35,927
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,089,943
<SHARES-COMMON-STOCK> 9,711,138
<SHARES-COMMON-PRIOR> 9,166,016
<ACCUMULATED-NII-CURRENT> 82,846
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (100,333)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,693,113
<NET-ASSETS> 100,765,569
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,132,812
<OTHER-INCOME> 0
<EXPENSES-NET> 402,722
<NET-INVESTMENT-INCOME> 2,730,090
<REALIZED-GAINS-CURRENT> 901,078
<APPREC-INCREASE-CURRENT> 3,124,160
<NET-CHANGE-FROM-OPS> 6,755,328
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,758,341
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,387,699
<NUMBER-OF-SHARES-REDEEMED> 843,840
<SHARES-REINVESTED> 1,263
<NET-CHANGE-IN-ASSETS> 9,580,996
<ACCUMULATED-NII-PRIOR> 111,097
<ACCUMULATED-GAINS-PRIOR> (1,001,411)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 284,008
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 408,469
<AVERAGE-NET-ASSETS> 94,256,712
<PER-SHARE-NAV-BEGIN> 9.950
<PER-SHARE-NII> 0.300
<PER-SHARE-GAIN-APPREC> 0.430
<PER-SHARE-DIVIDEND> 0.300
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.380
<EXPENSE-RATIO> 0.85
<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 Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1997
<INVESTMENTS-AT-COST> 260,109,817
<INVESTMENTS-AT-VALUE> 330,966,872
<RECEIVABLES> 605,348
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 331,572,220
<PAYABLE-FOR-SECURITIES> 4,340,652
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 135,428
<TOTAL-LIABILITIES> 4,476,080
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 218,716,396
<SHARES-COMMON-STOCK> 18,343,433
<SHARES-COMMON-PRIOR> 17,244,227
<ACCUMULATED-NII-CURRENT> 156,584
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37,366,105
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 70,857,055
<NET-ASSETS> 327,096,140
<DIVIDEND-INCOME> 2,506,090
<INTEREST-INCOME> 493,315
<OTHER-INCOME> 0
<EXPENSES-NET> 1,502,803
<NET-INVESTMENT-INCOME> 1,496,602
<REALIZED-GAINS-CURRENT> 23,674,204
<APPREC-INCREASE-CURRENT> 10,332,328
<NET-CHANGE-FROM-OPS> 35,503,134
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,432,012
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,055,291
<NUMBER-OF-SHARES-REDEEMED> 1,025,610
<SHARES-REINVESTED> 69,526
<NET-CHANGE-IN-ASSETS> 54,431,414
<ACCUMULATED-NII-PRIOR> 91,994
<ACCUMULATED-GAINS-PRIOR> 13,691,901
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,184,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,513,597
<AVERAGE-NET-ASSETS> 308,314,806
<PER-SHARE-NAV-BEGIN> 15.810
<PER-SHARE-NII> 0.080
<PER-SHARE-GAIN-APPREC> 2.020
<PER-SHARE-DIVIDEND> 0.080
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.830
<EXPENSE-RATIO> 0.95
<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
Vulcan Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1997
<INVESTMENTS-AT-COST> 39,094,422
<INVESTMENTS-AT-VALUE> 39,712,599
<RECEIVABLES> 657,664
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40,370,263
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 79,821
<TOTAL-LIABILITIES> 79,821
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,389,482
<SHARES-COMMON-STOCK> 4,097,083
<SHARES-COMMON-PRIOR> 3,985,474
<ACCUMULATED-NII-CURRENT> 53,106
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,770,324)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 618,178
<NET-ASSETS> 40,290,442
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,276,592
<OTHER-INCOME> 0
<EXPENSES-NET> 151,349
<NET-INVESTMENT-INCOME> 1,125,243
<REALIZED-GAINS-CURRENT> 15,810
<APPREC-INCREASE-CURRENT> 566,817
<NET-CHANGE-FROM-OPS> 1,707,870
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,116,220
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 517,424
<NUMBER-OF-SHARES-REDEEMED> 405,815
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,692,840
<ACCUMULATED-NII-PRIOR> 44,083
<ACCUMULATED-GAINS-PRIOR> (1,786,134)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 116,873
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 237,676
<AVERAGE-NET-ASSETS> 38,815,343
<PER-SHARE-NAV-BEGIN> 9.680
<PER-SHARE-NII> 0.280
<PER-SHARE-GAIN-APPREC> 0.150
<PER-SHARE-DIVIDEND> 0.280
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.830
<EXPENSE-RATIO> 0.78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
