<PAGE> PAGE 1
000 B000000 04/30/99
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 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 TREAS. OBLIG. MMKT FUND
007 C030100 N
007 C010200 2
007 C020200 SOUTHTRUST BOND FUND
007 C030200 N
007 C010300 3
007 C020300 SOUTHTRUST CORE EQUITY FUND
007 C030300 N
007 C010400 4
007 C020400 SOUTHTRUST 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 BOSTON
013 B02AA01 MA
013 B03AA01 02110
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 BERNSTEIN SANFORD C + CO
020 B000001 13-2625874
020 C000001 98
020 A000002 MERRILL LYNCH PIERCE FENN
020 B000002 13-5674085
020 C000002 77
020 A000003 SALOMON SMITH BARNEY INC
020 C000003 76
020 A000004 MORGAN STANLEY AND CO, INC
020 B000004 13-2655998
020 C000004 75
020 A000005 BEAR, STEARNS SECURITIES CORP.
020 B000005 13-3299429
020 C000005 72
020 A000006 DONALDSON, LUFKIN & JENRETTE SEC. CORP.
020 B000006 13-2741729
020 C000006 50
020 A000007 PRUDENTIAL SECURITIES CORP.
020 B000007 22-2347336
020 C000007 48
020 A000008 CAPITAL INSTITUTIONAL SER
020 C000008 44
020 A000009 FOURTEEN RESEARCH CORPORATION
020 C000009 32
020 A000010 SHEARSON AMERICAN EXPRESS
020 C000010 14
021 000000 619
022 A000001 GREENWICH SECURITIES
022 C000001 21787844
022 D000001 0
022 A000002 STATE STREET BANK & TRUST
<PAGE> PAGE 3
022 B000002 04-1867445
022 C000002 20946298
022 D000002 0
022 A000003 WARBURG DILLON REED LLC
022 C000003 20259454
022 D000003 0
022 A000004 BARCLAYS DEZOETE WEDD SEC
022 B000004 13-4942190
022 C000004 14615907
022 D000004 0
022 A000005 LEHMAN BROS INC.
022 B000005 13-2518466
022 C000005 14410111
022 D000005 991
022 A000006 DLJ CAPITAL MARKETS
022 C000006 13839599
022 D000006 0
022 A000007 DRESDNER SECURITIES (USA)
022 C000007 8176817
022 D000007 19981
022 A000008 MORGAN STANLEY AND CO, INC
022 C000008 4298453
022 D000008 51894
022 A000009 CS FIRST BOSTON
022 B000009 13-5659485
022 C000009 4323467
022 D000009 25952
022 A000010 MERRILL LYNCH PIERCE FENN
022 B000010 13-5674085
022 C000010 1748265
022 D000010 10230
023 C000000 126586796
023 D000000 109048
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
<PAGE> PAGE 4
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
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 N
077 C000000 Y
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
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
<PAGE> PAGE 5
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 8600
015 E010101 X
024 000100 N
025 A000101 DELETE
025 D000101 0
025 A000102 DELETE
025 D000102 0
025 A000103 DELETE
025 D000103 0
025 A000104 DELETE
025 D000104 0
025 A000105 DELETE
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 131646
028 A020100 185
028 A030100 0
028 A040100 95644
028 B010100 142256
028 B020100 187
028 B030100 0
028 B040100 171679
028 C010100 180284
028 C020100 194
028 C030100 0
028 C040100 162672
028 D010100 236098
028 D020100 211
028 D030100 0
028 D040100 150201
028 E010100 192907
028 E020100 204
028 E030100 0
028 E040100 219513
028 F010100 118210
028 F020100 259
028 F030100 0
028 F040100 127487
<PAGE> PAGE 6
028 G010100 1001401
028 G020100 1240
028 G030100 0
028 G040100 927196
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
046 000100 N
047 000100 Y
048 000100 0.500
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 N
<PAGE> PAGE 7
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 Y
062 B000100 7.2
062 C000100 0.0
062 D000100 93.1
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 5
063 B000100 0.0
064 A000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
<PAGE> PAGE 8
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 Y
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 32191
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 3148
072 G000100 674
072 H000100 0
072 I000100 40
072 J000100 41
072 K000100 0
072 L000100 8
072 M000100 13
072 N000100 34
072 O000100 0
072 P000100 0
072 Q000100 95
072 R000100 11
072 S000100 7
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 13
072 X000100 4084
072 Y000100 1196
072 Z000100 29304
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 29304
072DD020100 0
072EE000100 0
<PAGE> PAGE 9
073 A010100 0.0500
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 639839
074 C000100 49825
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 172
074 M000100 0
074 N000100 689836
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2153
074 S000100 0
074 T000100 687683
074 U010100 687683
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 13
074 Y000100 0
075 A000100 629656
075 B000100 0
076 000100 0.00
080 A000100 LLOYD'S OF LONDON
080 C000100 25000
081 A000100 Y
081 B000100 127
082 A000100 N
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
<PAGE> PAGE 10
015 C010201 BOSTON
015 C020201 MA
015 C030201 02266
015 C040201 8600
015 E010201 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 4324
028 A020200 2
028 A030200 0
028 A040200 2174
028 B010200 5193
028 B020200 12
028 B030200 0
028 B040200 1677
028 C010200 3508
028 C020200 2
028 C030200 0
028 C040200 3815
028 D010200 4514
028 D020200 2
028 D030200 0
028 D040200 741
028 E010200 2624
028 E020200 2
028 E030200 0
028 E040200 1104
028 F010200 2330
028 F020200 2
028 F030200 0
028 F040200 1841
028 G010200 22493
028 G020200 22
028 G030200 0
028 G040200 11352
028 H000200 22483
029 000200 Y
030 A000200 0
030 B000200 3.50
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
<PAGE> PAGE 11
037 000200 Y
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
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
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 3.9
<PAGE> PAGE 12
062 M000200 35.6
062 N000200 25.9
062 O000200 0.0
062 P000200 32.5
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 9.1
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 Y
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
<PAGE> PAGE 13
071 A000200 157251
071 B000200 142477
071 C000200 119760
071 D000200 119
072 A000200 12
072 B000200 7584
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 746
072 G000200 133
072 H000200 0
072 I000200 32
072 J000200 12
072 K000200 0
072 L000200 5
072 M000200 5
072 N000200 19
072 O000200 0
072 P000200 0
072 Q000200 59
072 R000200 9
072 S000200 6
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 15
072 X000200 1041
072 Y000200 0
072 Z000200 6543
072AA000200 1553
072BB000200 0
072CC010200 0
072CC020200 1619
072DD010200 6597
072DD020200 0
072EE000200 2103
073 A010200 0.5600
073 A020200 0.0000
073 B000200 0.1800
073 C000200 0.0000
074 A000200 66
074 B000200 0
074 C000200 0
074 D000200 122122
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 5067
074 J000200 0
<PAGE> PAGE 14
074 K000200 0
074 L000200 2866
074 M000200 0
074 N000200 130120
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 224
074 S000200 0
074 T000200 129896
074 U010200 12689
074 U020200 0
074 V010200 10.24
074 V020200 0.00
074 W000200 0.0000
074 X000200 21
074 Y000200 0
075 A000200 0
075 B000200 124374
076 000200 0.00
080 A000200 LLOYD'S OF LONDON
080 C000200 25000
081 A000200 Y
081 B000200 127
082 A000200 N
082 B000200 0
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
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
<PAGE> PAGE 15
028 A010300 2571
028 A020300 0
028 A030300 0
028 A040300 3706
028 B010300 2216
028 B020300 365
028 B030300 0
028 B040300 11276
028 C010300 2207
028 C020300 0
028 C030300 0
028 C040300 10593
028 D010300 1304
028 D020300 0
028 D030300 0
028 D040300 3601
028 E010300 10203
028 E020300 287
028 E030300 0
028 E040300 4349
028 F010300 1271
028 F020300 0
028 F030300 0
028 F040300 8367
028 G010300 19772
028 G020300 652
028 G030300 0
028 G040300 41892
028 H000300 19782
029 000300 Y
030 A000300 84
030 B000300 4.50
030 C000300 0.00
031 A000300 10
031 B000300 0
032 000300 74
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
<PAGE> PAGE 16
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
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
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
<PAGE> PAGE 17
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
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 163428
071 B000300 212324
071 C000300 363214
071 D000300 45
072 A000300 12
072 B000300 427
072 C000300 4704
072 D000300 0
072 E000300 0
072 F000300 2780
<PAGE> PAGE 18
072 G000300 397
072 H000300 0
072 I000300 23
072 J000300 36
072 K000300 0
072 L000300 11
072 M000300 7
072 N000300 26
072 O000300 0
072 P000300 0
072 Q000300 67
072 R000300 7
072 S000300 4
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 11
072 X000300 3369
072 Y000300 0
072 Z000300 1761
072AA000300 12149
072BB000300 0
072CC010300 257
072CC020300 0
072DD010300 1742
072DD020300 0
072EE000300 34487
073 A010300 0.0800
073 A020300 0.0000
073 B000300 1.5800
073 C000300 0.0000
074 A000300 0
074 B000300 15000
074 C000300 9145
074 D000300 0
074 E000300 0
074 F000300 367373
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 3915
074 K000300 0
074 L000300 318
074 M000300 0
074 N000300 395751
074 O000300 6099
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
<PAGE> PAGE 19
074 R040300 921
074 S000300 0
074 T000300 388731
074 U010300 21722
074 U020300 0
074 V010300 17.90
074 V020300 0.00
074 W000300 0.0000
074 X000300 77
074 Y000300 0
075 A000300 0
075 B000300 370646
076 000300 0.00
080 A000300 LLOYD'S OF LONDON
080 C000300 25000
081 A000300 Y
081 B000300 127
082 A000300 N
082 B000300 0
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
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
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 2717
028 A020400 0
028 A030400 0
028 A040400 130
028 B010400 7245
028 B020400 0
028 B030400 0
028 B040400 5585
028 C010400 2237
028 C020400 0
<PAGE> PAGE 20
028 C030400 0
028 C040400 763
028 D010400 498
028 D020400 0
028 D030400 0
028 D040400 448
028 E010400 2388
028 E020400 0
028 E030400 0
028 E040400 1314
028 F010400 4469
028 F020400 0
028 F030400 0
028 F040400 2703
028 G010400 19554
028 G020400 1
028 G030400 0
028 G040400 10943
028 H000400 19554
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
041 000400 N
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.600
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
<PAGE> PAGE 21
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 2.9
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 3.5
062 M000400 23.1
062 N000400 26.3
062 O000400 0.0
062 P000400 42.5
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 3.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
<PAGE> PAGE 22
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 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 Y
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 31259
071 B000400 21237
071 C000400 43920
071 D000400 48
072 A000400 12
072 B000400 2966
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 273
072 G000400 100
072 H000400 0
072 I000400 35
072 J000400 4
072 K000400 0
072 L000400 4
072 M000400 0
072 N000400 22
072 O000400 0
072 P000400 0
072 Q000400 57
<PAGE> PAGE 23
072 R000400 13
072 S000400 6
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 16
072 X000400 530
072 Y000400 188
072 Z000400 2624
072AA000400 113
072BB000400 0
072CC010400 0
072CC020400 387
072DD010400 2625
072DD020400 0
072EE000400 0
073 A010400 0.5700
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 49677
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 1853
074 J000400 0
074 K000400 0
074 L000400 1024
074 M000400 6
074 N000400 52560
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 114
074 S000400 0
074 T000400 52446
074 U010400 5360
074 U020400 0
074 V010400 9.78
074 V020400 0.00
074 W000400 0.0000
074 X000400 10
074 Y000400 0
075 A000400 0
<PAGE> PAGE 24
075 B000400 45541
076 000400 0.00
080 A000400 LLOYD'S OF LONDON
080 C000400 25000
081 A000400 Y
081 B000400 127
082 A000400 N
082 B000400 0
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 Y
085 B000400 N
SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884735
<NAME> The Southtrust Funds
<SERIES>
<NUMBER> 002
<NAME> Southtrust Bond Fund
<S> <C>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Apr-30-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 125,316,235
<INVESTMENTS-AT-VALUE> 127,189,024
<RECEIVABLES> 2,865,299
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 66,016
<TOTAL-ASSETS> 130,120,339
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 224,765
<TOTAL-LIABILITIES> 224,765
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,272,471
<SHARES-COMMON-STOCK> 12,688,887
<SHARES-COMMON-PRIOR> 11,027,964
<ACCUMULATED-NII-CURRENT> 82,660
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (332,346)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,872,789
<NET-ASSETS> 129,895,574
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,584,751
<OTHER-INCOME> 0
<EXPENSES-NET> (1,041,311)
<NET-INVESTMENT-INCOME> 6,543,440
<REALIZED-GAINS-CURRENT> 1,552,929
<APPREC-INCREASE-CURRENT> (1,619,125)
<NET-CHANGE-FROM-OPS> 6,477,244
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,596,944)
<DISTRIBUTIONS-OF-GAINS> (2,103,163)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,571,054
<NUMBER-OF-SHARES-REDEEMED> (1,913,583)
<SHARES-REINVESTED> 3,452
<NET-CHANGE-IN-ASSETS> 15,245,261
<ACCUMULATED-NII-PRIOR> 136,027
<ACCUMULATED-GAINS-PRIOR> 211,130
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 746,243
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,041,311
<AVERAGE-NET-ASSETS> 124,373,795
<PER-SHARE-NAV-BEGIN> 10.400
<PER-SHARE-NII> 0.550
<PER-SHARE-GAIN-APPREC> 0.020
<PER-SHARE-DIVIDEND> (0.560)
<PER-SHARE-DISTRIBUTIONS> (0.180)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.240
<EXPENSE-RATIO> 0.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884735
<NAME> The Southtrust Funds
<SERIES>
<NUMBER> 003
<NAME> Southtrust Core Equity Fund
<S> <C>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Apr-30-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 287,925,991
<INVESTMENTS-AT-VALUE> 391,517,562
<RECEIVABLES> 4,233,219
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 395,750,781
<PAYABLE-FOR-SECURITIES> 6,099,092
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 920,406
<TOTAL-LIABILITIES> 7,019,498
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 273,036,266
<SHARES-COMMON-STOCK> 21,722,280
<SHARES-COMMON-PRIOR> 21,674,634
<ACCUMULATED-NII-CURRENT> 76,508
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,026,938
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 103,591,571
<NET-ASSETS> 388,731,283
<DIVIDEND-INCOME> 4,703,668
<INTEREST-INCOME> 426,995
<OTHER-INCOME> 0
<EXPENSES-NET> (3,369,435)
<NET-INVESTMENT-INCOME> 1,761,228
<REALIZED-GAINS-CURRENT> 12,149,054
<APPREC-INCREASE-CURRENT> 258,129
<NET-CHANGE-FROM-OPS> 14,168,411
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,741,817)
<DISTRIBUTIONS-OF-GAINS> (34,486,631)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,677,341
<NUMBER-OF-SHARES-REDEEMED> (4,895,145)
<SHARES-REINVESTED> 2,265,450
<NET-CHANGE-IN-ASSETS> (24,125,251)
<ACCUMULATED-NII-PRIOR> 57,494
<ACCUMULATED-GAINS-PRIOR> 34,364,117
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,779,844
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,369,435
<AVERAGE-NET-ASSETS> 370,645,884
<PER-SHARE-NAV-BEGIN> 19.050
<PER-SHARE-NII> 0.080
<PER-SHARE-GAIN-APPREC> 0.430
<PER-SHARE-DIVIDEND> (0.080)
<PER-SHARE-DISTRIBUTIONS> (1.580)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.900
<EXPENSE-RATIO> 0.91
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884735
<NAME> The Southtrust Funds
<SERIES>
<NUMBER> 004
<NAME> Southtrust Income Fund
<S> <C>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Apr-30-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 51,494,860
<INVESTMENTS-AT-VALUE> 51,529,162
<RECEIVABLES> 1,024,218
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 5,764
<TOTAL-ASSETS> 52,559,144
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,638
<TOTAL-LIABILITIES> 113,638
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,896,376
<SHARES-COMMON-STOCK> 5,359,923
<SHARES-COMMON-PRIOR> 4,072,286
<ACCUMULATED-NII-CURRENT> 36,265
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,521,437)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 34,302
<NET-ASSETS> 52,445,506
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,966,111
<OTHER-INCOME> 0
<EXPENSES-NET> (341,681)
<NET-INVESTMENT-INCOME> 2,624,430
<REALIZED-GAINS-CURRENT> 113,077
<APPREC-INCREASE-CURRENT> (386,729)
<NET-CHANGE-FROM-OPS> 2,350,778
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,625,125)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,733,455
<NUMBER-OF-SHARES-REDEEMED> (1,445,930)
<SHARES-REINVESTED> 112
<NET-CHANGE-IN-ASSETS> 12,476,550
<ACCUMULATED-NII-PRIOR> 36,960
<ACCUMULATED-GAINS-PRIOR> (1,634,514)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 273,245
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 529,513
<AVERAGE-NET-ASSETS> 45,540,892
<PER-SHARE-NAV-BEGIN> 9.810
<PER-SHARE-NII> 0.570
<PER-SHARE-GAIN-APPREC> (0.030)
<PER-SHARE-DIVIDEND> (0.570)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.780
<EXPENSE-RATIO> 0.75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884735
<NAME> The Southtrust Funds
<SERIES>
<NUMBER> 001
<NAME> Southtrust Treasury Obligations Money Market Fund
<S> <C>
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Apr-30-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 689,664,101
<RECEIVABLES> 171,636
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 16
<TOTAL-ASSETS> 689,835,753
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,152,311
<TOTAL-LIABILITIES> 2,152,311
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 687,683,442
<SHARES-COMMON-STOCK> 687,683,442
<SHARES-COMMON-PRIOR> 631,868,782
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 687,683,442
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 32,191,164
<OTHER-INCOME> 0
<EXPENSES-NET> (2,887,401)
<NET-INVESTMENT-INCOME> 29,303,763
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 29,303,763
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (29,303,763)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,420,255,869
<NUMBER-OF-SHARES-REDEEMED> (2,366,757,874)
<SHARES-REINVESTED> 2,316,665
<NET-CHANGE-IN-ASSETS> 55,814,660
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,148,280
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,083,748
<AVERAGE-NET-ASSETS> 629,656,108
<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> 0.45
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Trustees of
SOUTHTRUST FUNDS
In planning and performing our audit of the financial statements of
SouthTrust Funds (a Massachusetts business trust consisting of
SouthTrust Treasury Obligations Money Market Fund, SouthTrust Bond Fund,
SouthTrust Income Fund and SouthTrust Core Equity Fund) for the year
ended April 30, 1999, we considered its internal control structure,
including control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on internal control.
The management of SouthTrust Funds is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls
that are relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting principles.
Those control activities include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may
occur and not be detected. Also, projection of any evaluation of
internal control to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more internal control components does not reduce to
a relatively low level the risk that misstatements caused by error or
fraud in amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and
its operation, including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as of April 30,
1999.
This report is intended solely for the information and use of
management, and Board of Trustees of SouthTrust Funds, and the
Securities and Exchange Commission.
ARTHUR ANDERSEN LLP
Boston, Massachusetts
June 15, 1999
