<PAGE> PAGE 1
000 A000000 12/31/94
000 C000000 0000885092
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 FIRST FUNDS
001 B000000 811-6589
001 C000000 6175578732
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C020100 U.S. TREASURY MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 U.S. GOVERNMENT MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 MUNICIPAL MONEY MARKET PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 TOTAL RETURN EQUITY PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 TOTAL RETURN FIXED INCOME PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 CASH RESERVE PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 TENNESSEE TAX-FREE PORTFOLIO
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 NATIONAL FINANCIAL SERVICES CORPORATION
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02109
<PAGE> PAGE 2
012 A00AA01 MUTUAL FUNDS SERVICE COMPANY
012 B00AA01 84-1719
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02108
012 C04AA01 3913
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 UNITED STATES TRUST CO. OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10003
015 C04AA01 9598
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 ROBINSON HUMPHREY
020 B000001 58-1472560
020 C000001 13
020 A000002 DONALDSON, LUFKIN, JENRETTE
020 B000002 13-2741729
020 C000002 13
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003 12
020 A000004 SMITH BARNEY HARRIMAN
020 B000004 13-1912900
020 C000004 5
020 A000005 PAINE WEBBER
020 B000005 13-2638166
020 C000005 5
020 A000006 STANDARD & POORS
020 B000006 13-2671951
020 C000006 5
020 A000007 GORDAN HASKETT & CO.
020 C000007 3
020 A000008 MERRILL LYNCH PIERCE
020 B000008 13-5674085
020 C000008 3
020 A000009 FIRST BANK & TRUST
020 C000009 3
020 A000010 ABEL/NOSER
020 B000010 13-2833083
020 C000010 2
021 000000 67
022 A000001 DONALDSON, LUFKIN & JENRETTE
022 B000001 13-2741729
<PAGE> PAGE 3
022 C000001 2349917
022 D000001 5334
022 A000002 HSBC SECURITIES
022 C000002 1318756
022 D000002 0
022 A000003 LEHMAN BROTHERS
022 B000003 94-2537674
022 C000003 1263677
022 D000003 3200
022 A000004 BZW SECURITIES
022 B000004 13-3551361
022 C000004 717210
022 D000004 2983
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005 183764
022 D000005 47005
022 A000006 PAINE WEBBER
022 B000006 13-2638166
022 C000006 87150
022 D000006 3400
022 A000007 FIRST BOSTON
022 B000007 13-5659485
022 C000007 27282
022 D000007 10200
022 A000008 KIDDER PEABODY
022 B000008 13-5650440
022 C000008 27297
022 D000008 5100
022 A000009 J.P. MORGAN
022 B000009 13-3224016
022 C000009 18046
022 D000009 7300
022 A000010 MERRILL-LYNCH
022 B000010 13-5674085
022 C000010 19696
022 D000010 2340
023 C000000 6157950
023 D000000 126508
024 00AA00 N
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
<PAGE> PAGE 4
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 N
078 000000 N
008 A000101 GARLAND CAPITAL MANAGEMENT
008 B000101 A
008 C000101 801-000000
008 D010101 MEMPHIS
008 D020101 TN
008 D030101 38117
008 A000102 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000102 S
008 C000102 801-000000
008 D010102 WILMINGTON
008 D020102 DE
008 D030102 19809
008 D040102 3723
028 A010100 20197
028 A020100 0
028 A030100 0
028 A040100 72186
028 B010100 9883
028 B020100 0
028 B030100 0
<PAGE> PAGE 5
028 B040100 12452
028 C010100 26227
028 C020100 0
028 C030100 0
028 C040100 24531
028 D010100 21231
028 D020100 0
028 D030100 0
028 D040100 23081
028 E010100 18454
028 E020100 0
028 E030100 0
028 E040100 22721
028 F010100 37059
028 F020100 1
028 F030100 0
028 F040100 30213
028 G010100 133051
028 G020100 1
028 G030100 0
028 G040100 185184
028 H000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 N
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.250
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
<PAGE> PAGE 6
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
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 100000
062 A000100 Y
062 B000100 47.6
062 C000100 0.0
062 D000100 52.4
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 42
063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
<PAGE> PAGE 7
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 N
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 Y
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 1190
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 62
072 G000100 50
072 H000100 0
072 I000100 0
072 J000100 17
072 K000100 0
<PAGE> PAGE 8
072 L000100 3
072 M000100 2
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 3
072 S000100 2
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 19
072 X000100 158
072 Y000100 67
072 Z000100 1099
072AA000100 3
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 1099
072DD020100 0
072EE000100 0
073 A010100 0.0220
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 22378
074 C000100 20296
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 6000
074 K000100 0
074 L000100 278
074 M000100 26
074 N000100 48978
074 O000100 0
074 P000100 3
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 236
074 S000100 0
074 T000100 48739
074 U010100 48736
074 U020100 0
<PAGE> PAGE 9
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0001
074 X000100 2
074 Y000100 0
075 A000100 49210
075 B000100 0
076 000100 0.00
008 A000201 GARLAND CAPITAL MANAGEMENT
008 B000201 A
008 C000201 801-000000
008 D010201 MEMPHIS
008 D020201 TN
008 D030201 38117
008 A000202 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000202 S
008 C000202 801-000000
008 D010202 WILMINGTON
008 D020202 DE
008 D030202 19809
008 D040202 3723
028 A010200 15052
028 A020200 0
028 A030200 0
028 A040200 5806
028 B010200 11061
028 B020200 0
028 B030200 0
028 B040200 9934
028 C010200 4573
028 C020200 0
028 C030200 0
028 C040200 5601
028 D010200 8764
028 D020200 0
028 D030200 0
028 D040200 7327
028 E010200 13317
028 E020200 0
028 E030200 0
028 E040200 5364
028 F010200 10959
028 F020200 1
028 F030200 0
028 F040200 16515
028 G010200 63726
028 G020200 1
028 G030200 0
028 G040200 50547
028 H000200 0
037 000200 N
<PAGE> PAGE 10
038 000200 0
039 000200 N
040 000200 Y
041 000200 N
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.250
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 Y
053 B000200 Y
053 C000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
<PAGE> PAGE 11
061 000200 100000
062 A000200 Y
062 B000200 0.0
062 C000200 90.4
062 D000200 9.6
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 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 32
063 B000200 0.0
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 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
<PAGE> PAGE 12
070 L020200 N
070 M010200 N
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 Y
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 2033
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 99
072 G000200 79
072 H000200 0
072 I000200 0
072 J000200 12
072 K000200 0
072 L000200 3
072 M000200 3
072 N000200 1
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 12
072 S000200 3
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 17
072 X000200 229
072 Y000200 107
072 Z000200 1911
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 1911
072DD020200 0
072EE000200 0
073 A010200 0.0240
<PAGE> PAGE 13
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1
074 B000200 7814
074 C000200 73424
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 220
074 M000200 28
074 N000200 81487
074 O000200 0
074 P000200 6
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 447
074 S000200 0
074 T000200 81034
074 U010200 81034
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 1.0000
074 X000200 2
074 Y000200 0
075 A000200 78690
075 B000200 0
076 000200 0.00
008 A000301 GARLAND CAPITAL MANAGEMENT
008 B000301 A
008 C000301 801-000000
008 D010301 MEMPHIS
008 D020301 TN
008 D030301 38117
008 A000302 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000302 S
008 C000302 801-000000
008 D010302 WILMINGTON
008 D020302 DE
008 D030302 19809
008 D040302 3723
028 A010300 9247
028 A020300 0
<PAGE> PAGE 14
028 A030300 0
028 A040300 12527
028 B010300 12090
028 B020300 0
028 B030300 0
028 B040300 10848
028 C010300 10993
028 C020300 0
028 C030300 0
028 C040300 8688
028 D010300 8350
028 D020300 0
028 D030300 0
028 D040300 14215
028 E010300 8945
028 E020300 0
028 E030300 0
028 E040300 4782
028 F010300 6972
028 F020300 1
028 F030300 0
028 F040300 19395
028 G010300 56597
028 G020300 1
028 G030300 0
028 G040300 70455
028 H000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 N
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.250
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
<PAGE> PAGE 15
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
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 100000
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 100.0
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 70
063 B000300 0.0
064 A000300 Y
064 B000300 N
<PAGE> PAGE 16
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
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 Y
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 1278
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 94
<PAGE> PAGE 17
072 G000300 76
072 H000300 0
072 I000300 0
072 J000300 11
072 K000300 0
072 L000300 3
072 M000300 3
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 7
072 S000300 3
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 16
072 X000300 213
072 Y000300 102
072 Z000300 1167
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 1167
072DD020300 0
072EE000300 0
073 A010300 0.0150
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 3
074 B000300 0
074 C000300 62313
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 314
074 M000300 24
074 N000300 62654
074 O000300 0
074 P000300 5
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
<PAGE> PAGE 18
074 R040300 276
074 S000300 0
074 T000300 62373
074 U010300 62376
074 U020300 0
074 V010300 1.00
074 V020300 0.00
074 W000300 0.9999
074 X000300 2
074 Y000300 0
075 A000300 74819
075 B000300 0
076 000300 0.00
008 A000401 GARLAND CAPITAL MANAGEMENT
008 B000401 A
008 C000401 801-000000
008 D010401 MEMPHIS
008 D020401 TN
008 D030401 38117
008 A000402 HIGHLAND CAPITAL MANAGEMENT CORP.
008 B000402 S
008 C000402 801-000000
008 D010402 MEMPHIS
008 D020402 TN
008 D030402 00000
028 A010400 2828
028 A020400 0
028 A030400 0
028 A040400 228
028 B010400 3692
028 B020400 159
028 B030400 0
028 B040400 313
028 C010400 2101
028 C020400 4005
028 C030400 0
028 C040400 500
028 D010400 2520
028 D020400 170
028 D030400 0
028 D040400 551
028 E010400 1392
028 E020400 86
028 E030400 0
028 E040400 380
028 F010400 1196
028 F020400 1000
028 F030400 0
028 F040400 838
028 G010400 13729
028 G020400 5420
<PAGE> PAGE 19
028 G030400 0
028 G040400 2810
028 H000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 100
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 22
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.650
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
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
<PAGE> PAGE 20
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 1000
062 A000400 N
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 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 Y
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 Y
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
<PAGE> PAGE 21
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 26521
071 B000400 14739
071 C000400 96448
071 D000400 15
072 A000400 6
072 B000400 341
072 C000400 889
072 D000400 0
072 E000400 0
072 F000400 315
072 G000400 97
072 H000400 0
072 I000400 22
072 J000400 15
072 K000400 0
072 L000400 0
072 M000400 3
072 N000400 2
072 O000400 0
072 P000400 0
072 Q000400 14
072 R000400 12
072 S000400 4
072 T000400 22
072 U000400 0
072 V000400 0
072 W000400 24
072 X000400 530
072 Y000400 293
072 Z000400 993
072AA000400 1244
072BB000400 0
<PAGE> PAGE 22
072CC010400 2144
072CC020400 0
072DD010400 930
072DD020400 0
072EE000400 4547
073 A010400 0.1100
073 A020400 0.0000
073 B000400 0.5200
073 C000400 0.0000
074 A000400 0
074 B000400 4553
074 C000400 10975
074 D000400 0
074 E000400 0
074 F000400 85663
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 489
074 M000400 0
074 N000400 101680
074 O000400 1117
074 P000400 13
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 462
074 S000400 0
074 T000400 100088
074 U010400 8714
074 U020400 860
074 V010400 10.45
074 V020400 10.46
074 W000400 0.0000
074 X000400 802
074 Y000400 0
075 A000400 0
075 B000400 96125
076 000400 0.00
008 A000501 GARLAND CAPITAL MANAGEMENT
008 B000501 A
008 C000501 801-000000
008 D010501 MEMPHIS
008 D020501 TN
008 D030501 38117
008 A000502 HIGHLAND CAPITAL MANAGEMENT CORP.
008 B000502 S
008 C000502 801-000000
<PAGE> PAGE 23
008 D010502 MEMPHIS
008 D020502 TN
008 D030502 00000
028 A010500 320
028 A020500 0
028 A030500 0
028 A040500 274
028 B010500 484
028 B020500 372
028 B030500 0
028 B040500 319
028 C010500 830
028 C020500 376
028 C030500 0
028 C040500 268
028 D010500 819
028 D020500 759
028 D030500 0
028 D040500 481
028 E010500 687
028 E020500 0
028 E030500 0
028 E040500 107
028 F010500 481
028 F020500 792
028 F030500 0
028 F040500 188
028 G010500 3621
028 G020500 2299
028 G030500 0
028 G040500 1637
028 H000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 100
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 4
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.550
<PAGE> PAGE 24
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 1000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 1.3
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 2.5
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 64.0
062 N000500 4.1
062 O000500 0.0
062 P000500 25.3
062 Q000500 2.8
<PAGE> PAGE 25
062 R000500 0.0
063 A000500 0
063 B000500 7.9
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 13497
071 B000500 10285
071 C000500 74271
071 D000500 14
072 A000500 6
<PAGE> PAGE 26
072 B000500 2496
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 215
072 G000500 78
072 H000500 0
072 I000500 17
072 J000500 12
072 K000500 0
072 L000500 0
072 M000500 3
072 N000500 2
072 O000500 0
072 P000500 0
072 Q000500 14
072 R000500 11
072 S000500 4
072 T000500 4
072 U000500 0
072 V000500 0
072 W000500 14
072 X000500 374
072 Y000500 232
072 Z000500 2354
072AA000500 0
072BB000500 799
072CC010500 0
072CC020500 1167
072DD010500 2330
072DD020500 25
072EE000500 0
073 A010500 0.2800
073 A020500 0.2100
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 989
074 C000500 2000
074 D000500 74959
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 1049
074 M000500 5
074 N000500 79002
074 O000500 0
<PAGE> PAGE 27
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 77
074 S000500 0
074 T000500 78925
074 U010500 8467
074 U020500 135
074 V010500 9.18
074 V020500 9.16
074 W000500 0.0000
074 X000500 96
074 Y000500 0
075 A000500 0
075 B000500 77662
076 000500 0.00
008 A000601 GARLAND CAPITAL MANAGEMENT
008 B000601 A
008 C000601 801-000000
008 D010601 MEMPHIS
008 D020601 TN
008 D030601 38117
008 A000602 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000602 S
008 C000602 801-000000
008 D010602 WILMINGTON
008 D020602 DE
008 D030602 19809
008 D040602 3723
028 A010600 0
028 A020600 0
028 A030600 0
028 A040600 0
028 B010600 0
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 14666
028 C020600 0
028 C030600 0
028 C040600 30
028 D010600 2403
028 D020600 0
028 D030600 0
028 D040600 1535
028 E010600 4096
028 E020600 0
028 E030600 0
028 E040600 2239
<PAGE> PAGE 28
028 F010600 1477
028 F020600 0
028 F030600 0
028 F040600 897
028 G010600 22642
028 G020600 0
028 G030600 0
028 G040600 4701
028 H000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 N
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.250
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
<PAGE> PAGE 29
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 100000
062 A000600 Y
062 B000600 0.0
062 C000600 5.5
062 D000600 16.2
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 52.7
062 J000600 0.0
062 K000600 0.0
062 L000600 25.6
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 35
063 B000600 0.0
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
<PAGE> PAGE 30
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 4
072 B000600 246
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 11
072 G000600 9
072 H000600 0
072 I000600 0
072 J000600 4
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 3
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 2
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 2
072 X000600 31
<PAGE> PAGE 31
072 Y000600 12
072 Z000600 227
072AA000600 0
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 227
072DD020600 0
072EE000600 0
073 A010600 0.0140
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 2917
074 C000600 15070
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 47
074 M000600 2
074 N000600 18036
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 95
074 S000600 0
074 T000600 17941
074 U010600 17941
074 U020600 0
074 V010600 1.00
074 V020600 0.00
074 W000600 1.0000
074 X000600 1
074 Y000600 0
075 A000600 16505
075 B000600 0
076 000600 0.00
008 A000701 FIRST TENNESSEE BANK NATIONAL ASSOCIATION
008 B000701 A
008 C000701 801-000000
008 D010701 MEMPHIS
008 D020701 TN
<PAGE> PAGE 32
008 D030701 38117
028 A010700 0
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 0
028 B020700 0
028 B030700 0
028 B040700 0
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 0
028 D020700 0
028 D030700 0
028 D040700 0
028 E010700 0
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 0
028 F020700 0
028 F030700 0
028 F040700 0
028 G010700 0
028 G020700 0
028 G030700 0
028 G040700 0
028 H000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 N
041 000700 N
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.500
048 A010700 0
048 A020700 0.000
<PAGE> PAGE 33
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
058 A000700 N
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 0
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 N
<PAGE> PAGE 34
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 6
072 B000700 0
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 0
072 G000700 0
<PAGE> PAGE 35
072 H000700 0
072 I000700 0
072 J000700 0
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 0
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 0
072 Y000700 0
072 Z000700 0
072AA000700 0
072BB000700 0
072CC010700 0
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 0
074 N000700 0
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 0
<PAGE> PAGE 36
074 S000700 0
074 T000700 0
074 U010700 0
074 U020700 0
074 V010700 0.00
074 V020700 0.00
074 W000700 0.0000
074 X000700 0
074 Y000700 0
075 A000700 0
075 B000700 0
076 000700 0.00
SIGNATURE JOHN H. COSTELLO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds form NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 1
<NAME> U.S. TREASURY MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 42,674
<INVESTMENTS-AT-VALUE> 42,674
<RECEIVABLES> 6,278
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 20
<TOTAL-ASSETS> 48,978
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 239
<TOTAL-LIABILITIES> 239
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,736
<SHARES-COMMON-STOCK> 48,736
<SHARES-COMMON-PRIOR> 100,868
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 48,739
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,190
<OTHER-INCOME> 0
<EXPENSES-NET> (91)
<NET-INVESTMENT-INCOME> 1,099
<REALIZED-GAINS-CURRENT> 3
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,102
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,099)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133,051
<NUMBER-OF-SHARES-REDEEMED> (185,184)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (52,129)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (62)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (158)
<AVERAGE-NET-ASSETS> 49,210
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.022
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.022)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds form NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 2
<NAME> U.S. GOVERNMENT MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 81,238
<INVESTMENTS-AT-VALUE> 81,238
<RECEIVABLES> 220
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 23
<TOTAL-ASSETS> 81,487
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 453
<TOTAL-LIABILITIES> 453
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,034
<SHARES-COMMON-STOCK> 81,034
<SHARES-COMMON-PRIOR> 67,855
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 81,034
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,033
<OTHER-INCOME> 0
<EXPENSES-NET> (122)
<NET-INVESTMENT-INCOME> 1,911
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,911
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,911)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 63,726
<NUMBER-OF-SHARES-REDEEMED> (50,547)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 13,180
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (99)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (229)
<AVERAGE-NET-ASSETS> 78,690
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.024
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.024)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from First
Funds NSAR A 12/31/94 and is qualified in its entirety by reference to such
financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 4
<NAME> TOTAL RETURN EQUITY PORTFOLIO, Class I
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 99,892
<INVESTMENTS-AT-VALUE> 101,191
<RECEIVABLES> 489
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,680
<PAYABLE-FOR-SECURITIES> 1,117
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 475
<TOTAL-LIABILITIES> 1,592
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88,881
<SHARES-COMMON-STOCK> 8,714
<SHARES-COMMON-PRIOR> 7,857
<ACCUMULATED-NII-CURRENT> 82
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,299
<NET-ASSETS> 100,088
<DIVIDEND-INCOME> 889
<INTEREST-INCOME> 341
<OTHER-INCOME> 0
<EXPENSES-NET> (237)
<NET-INVESTMENT-INCOME> 993
<REALIZED-GAINS-CURRENT> 1,244
<APPREC-INCREASE-CURRENT> 2,144
<NET-CHANGE-FROM-OPS> 4,381
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (930)
<DISTRIBUTIONS-OF-GAINS> (4,306)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,186
<NUMBER-OF-SHARES-REDEEMED> (2,114)
<SHARES-REINVESTED> 5,182
<NET-CHANGE-IN-ASSETS> 15,243
<ACCUMULATED-NII-PRIOR> 19
<ACCUMULATED-GAINS-PRIOR> 3,914
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (315)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (530)
<AVERAGE-NET-ASSETS> 90,361
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 0.44
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.52)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.45
<EXPENSE-RATIO> 0.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds form NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 4
<NAME> TOTAL RETURN EQUITY PORTFOLIO, CLASS III
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 99,892
<INVESTMENTS-AT-VALUE> 101,191
<RECEIVABLES> 489
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,680
<PAYABLE-FOR-SECURITIES> 1,117
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 475
<TOTAL-LIABILITIES> 1,592
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,214
<SHARES-COMMON-STOCK> 860
<SHARES-COMMON-PRIOR> 199
<ACCUMULATED-NII-CURRENT> 82
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 612
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,299
<NET-ASSETS> 100,088
<DIVIDEND-INCOME> 889
<INTEREST-INCOME> 341
<OTHER-INCOME> 0
<EXPENSES-NET> (237)
<NET-INVESTMENT-INCOME> 993
<REALIZED-GAINS-CURRENT> 1,244
<APPREC-INCREASE-CURRENT> 2,144
<NET-CHANGE-FROM-OPS> 4,381
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (240)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,543
<NUMBER-OF-SHARES-REDEEMED> (696)
<SHARES-REINVESTED> 237
<NET-CHANGE-IN-ASSETS> 15,243
<ACCUMULATED-NII-PRIOR> 19
<ACCUMULATED-GAINS-PRIOR> 3,914
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (315)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (530)
<AVERAGE-NET-ASSETS> 5,764
<PER-SHARE-NAV-BEGIN> 10.51
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.44
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.52)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> 1.58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds form NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 5
<NAME> TOTAL RETURN FIXED INCOME PORTFOLIO, CLASS I
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 83,390
<INVESTMENTS-AT-VALUE> 77,948
<RECEIVABLES> 1,049
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,002
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77
<TOTAL-LIABILITIES> 77
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84,303
<SHARES-COMMON-STOCK> 8,467
<SHARES-COMMON-PRIOR> 8,043
<ACCUMULATED-NII-CURRENT> (1)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,247)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,442)
<NET-ASSETS> 78,925
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,496
<OTHER-INCOME> 0
<EXPENSES-NET> (142)
<NET-INVESTMENT-INCOME> 2,354
<REALIZED-GAINS-CURRENT> (799)
<APPREC-INCREASE-CURRENT> (1,167)
<NET-CHANGE-FROM-OPS> 388
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,330)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,124
<NUMBER-OF-SHARES-REDEEMED> (1,463)
<SHARES-REINVESTED> 2,276
<NET-CHANGE-IN-ASSETS> 2,316
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (448)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (215)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (374)
<AVERAGE-NET-ASSETS> 76,567
<PER-SHARE-NAV-BEGIN> 9.41
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.23)
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.18
<EXPENSE-RATIO> 0.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 3
<NAME> MUNICIPAL MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 62,313
<INVESTMENTS-AT-VALUE> 62,313
<RECEIVABLES> 314
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 21
<TOTAL-ASSETS> 62,654
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 281
<TOTAL-LIABILITIES> 281
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,376
<SHARES-COMMON-STOCK> 62,376
<SHARES-COMMON-PRIOR> 76,234
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 62,373
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,278
<OTHER-INCOME> 0
<EXPENSES-NET> (111)
<NET-INVESTMENT-INCOME> 1,167
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,167
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,167)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 56,597
<NUMBER-OF-SHARES-REDEEMED> (70,455)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (13,858)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (94)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (213)
<AVERAGE-NET-ASSETS> 74,819
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.015
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.015)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds form NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 5
<NAME> TOTAL RETURN FIXED INCOME PORTFOLIO, CLASS III
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> JUL-1-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 83,390
<INVESTMENTS-AT-VALUE> 77,948
<RECEIVABLES> 1,049
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 5
<TOTAL-ASSETS> 79,002
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77
<TOTAL-LIABILITIES> 77
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,312
<SHARES-COMMON-STOCK> 135
<SHARES-COMMON-PRIOR> 98
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1)
<ACCUMULATED-NET-GAINS> (1,247)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,442)
<NET-ASSETS> 78,925
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,496
<OTHER-INCOME> 0
<EXPENSES-NET> (142)
<NET-INVESTMENT-INCOME> 2,354
<REALIZED-GAINS-CURRENT> (799)
<APPREC-INCREASE-CURRENT> (1,167)
<NET-CHANGE-FROM-OPS> 388
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 497
<NUMBER-OF-SHARES-REDEEMED> (175)
<SHARES-REINVESTED> 22
<NET-CHANGE-IN-ASSETS> 2,316
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (448)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (215)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (374)
<AVERAGE-NET-ASSETS> 1,095
<PER-SHARE-NAV-BEGIN> 9.40
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> (0.24)
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.16
<EXPENSE-RATIO> 1.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
First Funds form NSAR A 12/31/94 and is qualified in its entirety
by reference to such financial statements.
<CIK> 0000885092
<NAME> FIRST FUNDS
<SERIES>
<NUMBER> 6
<NAME> CASH RESERVES PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-START> SEP-26-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 17,987
<INVESTMENTS-AT-VALUE> 17,987
<RECEIVABLES> 47
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 18,036
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95
<TOTAL-LIABILITIES> 95
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,941
<SHARES-COMMON-STOCK> 17,941
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 17,941
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 246
<OTHER-INCOME> 0
<EXPENSES-NET> (19)
<NET-INVESTMENT-INCOME> 227
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 227
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (227)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,642
<NUMBER-OF-SHARES-REDEEMED> (4,701)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 17,941
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (11)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (31)
<AVERAGE-NET-ASSETS> 16,505
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.014
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.014)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
