PERFORMANCE FUNDS TRUST
NSAR-B, 1996-07-29
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<PAGE>      PAGE  1
000 B000000 05/31/96
000 C000000 0000885093
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 PERFORMANCE FUNDS TRUST
001 B000000 811-6603
001 C000000 2128083900
002 A000000 237 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10017
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 SHORT TERM GOVERNMENT INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 INTERMEDIATE TERM GOVERNMENT INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 EQUITY FUND
007 C030300 N
007 C010400  4
007 C020400 MONEY MARKET FUND
007 C030400 N
007 C010500  5
007 C020500 MID CAP GROWTH FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 SMITH BARNEY, INC
020 B000001 13-1912900
020 C000001     54
020 A000002 INTERSTATE/JOHNSON LANE CORPORATION
020 B000002 56-0276690
020 C000002     44
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000003 13-2741729
020 C000003     41
<PAGE>      PAGE  2
020 A000004 PAINERWEBBER INC.
020 B000004 13-2638166
020 C000004     10
020 A000005 PRUDENTIAL SECURITIES INC.
020 B000005 22-2347336
020 C000005      8
020 A000006 COKER & COMPANY, INC.
020 B000006 64-0802631
020 C000006      7
020 A000007 HILLIARD (J.J.B), LYONS (W.L.) INC.
020 B000007 61-0734935
020 C000007      3
020 C000008      0
020 C000009      0
020 C000010      0
021  000000      167
022 A000001 FIRST UNION CAPITAL MARKET
022 B000001 56-0900030
022 C000001   3357113
022 D000001       254
022 A000002 FUJI SECURITIES INC.
022 B000002 36-2880742
022 C000002   1759138
022 D000002     76921
022 A000003 MERRILL LYNCH & CO.
022 B000003 13-5674085
022 C000003   1605080
022 D000003     32145
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004   1496073
022 D000004       994
022 A000005 AIM MANAGEMENT GROUP
022 B000005 74-1894784
022 C000005    635244
022 D000005    586209
022 A000006 THE ROBINSON-HUMPHREY COMPANY
022 B000006 58-1472560
022 C000006    100471
022 D000006     88371
022 A000007 FORD MOTOR CREDIT
022 C000007    164065
022 D000007         0
022 A000008 NORWEST INVESTMENT SERVICES, INC.
022 B000008 41-1508325
022 C000008    140622
022 D000008      4591
022 A000009 WHEAT, FIRST BUTCHER SINGER, INC.
022 B000009 54-0796506
022 C000009    135157
022 D000009         0
<PAGE>      PAGE  3
022 A000010 WACHOVIA CORPORATION
022 B000010 56-0927594
022 C000010    137478
022 D000010         0
023 C000000   10080047
023 D000000     939507
024  00AA00 N
027  000000 Y
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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 N
077 Q020000 N
077 Q030000 N
080 A00AA00 NATIONAL UNION FIRE INS. CO. OF PITTSBURGH
080 C00AA00     2750
081 A00AA00 N
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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
028 H000200         0
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<PAGE>      PAGE  9
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
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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 Y
070 J020200 Y
070 K010200 Y
070 K020200 Y
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070 L020200 N
070 M010200 N
070 M020200 N
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
074 V020200     9.82
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<PAGE>      PAGE  12
041  000300 Y
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042 D000300  40
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<PAGE>      PAGE  13
070 E020300 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
062 B000400   8.3
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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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030 B000500  0.00
030 C000500  0.00
034  000500 N
035  000500      0
036 B000500      0
037  000500 N
038  000500      0
039  000500 N
040  000500 Y
041  000500 Y
042 A000500   0
042 B000500  72
042 C000500   0
042 D000500  28
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500      1
044  000500      0
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
<PAGE>      PAGE  20
062 R000500   0.0
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500     28313
071 B000500     16352
071 C000500     58018
<PAGE>      PAGE  21
071 D000500   28
072 A000500 12
072 B000500      255
072 C000500     1014
072 D000500        0
072 E000500        0
072 F000500      468
072 G000500       94
072 H000500        0
072 I000500        8
072 J000500       25
072 K000500        0
072 L000500        8
072 M000500        4
072 N000500       12
072 O000500        0
072 P000500        0
072 Q000500       37
072 R000500       25
072 S000500       10
072 T000500        1
072 U000500       10
072 V000500        0
072 W000500       11
072 X000500      713
072 Y000500       93
072 Z000500      649
072AA000500     3364
072BB000500      434
072CC010500    14336
072CC020500        0
072DD010500      643
072DD020500        5
072EE000500     2354
073 A010500   0.1299
073 A020500   0.1005
073 B000500   0.5023
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500    82101
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500      209
074 M000500       27
<PAGE>      PAGE  22
074 N000500    82337
074 O000500        0
074 P000500       54
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      142
074 S000500        0
074 T000500    82141
074 U010500  5744117
074 U020500   102309
074 V010500    14.05
074 V020500    14.05
074 W000500   0.0000
074 X000500      179
074 Y000500        0
075 A000500        0
075 B000500    62429
076  000500     0.00
SIGNATURE   DONALD E. BROSTROM                           
TITLE       VP AND TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 011
   <NAME> SHORT TERM GOVERNMENT INCOME FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          108,277
<INVESTMENTS-AT-VALUE>                         107,740
<RECEIVABLES>                                    1,133
<ASSETS-OTHER>                                      12
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 108,855
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          791
<TOTAL-LIABILITIES>                                791
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       111,337
<SHARES-COMMON-STOCK>                           10,396
<SHARES-COMMON-PRIOR>                           10,644
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,717)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (537)
<NET-ASSETS>                                   108,094
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                6,945
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     795
<NET-INVESTMENT-INCOME>                          6,150
<REALIZED-GAINS-CURRENT>                         1,062
<APPREC-INCREASE-CURRENT>                      (2,185)
<NET-CHANGE-FROM-OPS>                            5,027
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (6,101)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         39,421
<NUMBER-OF-SHARES-REDEEMED>                   (40,783)
<SHARES-REINVESTED>                              4,358
<NET-CHANGE-IN-ASSETS>                           2,625
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (3,778)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              449
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    802
<AVERAGE-NET-ASSETS>                           111,364
<PER-SHARE-NAV-BEGIN>                             9.84
<PER-SHARE-NII>                                   0.54
<PER-SHARE-GAIN-APPREC>                         (0.09)
<PER-SHARE-DIVIDEND>                            (0.54)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.75
<EXPENSE-RATIO>                                   0.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 012
   <NAME> SHORT TERM INTERMEDIATE GOVERNMENT INCOME FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          108,277
<INVESTMENTS-AT-VALUE>                         107,740
<RECEIVABLES>                                    1,133
<ASSETS-OTHER>                                      12
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 108,855
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          791
<TOTAL-LIABILITIES>                                791
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       111,337
<SHARES-COMMON-STOCK>                              152
<SHARES-COMMON-PRIOR>                               75
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,717)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (537)
<NET-ASSETS>                                   108,094
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                6,945
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     795
<NET-INVESTMENT-INCOME>                          6,150
<REALIZED-GAINS-CURRENT>                         1,062
<APPREC-INCREASE-CURRENT>                      (2,185)
<NET-CHANGE-FROM-OPS>                            5,027
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (49)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,033
<NUMBER-OF-SHARES-REDEEMED>                      (322)
<SHARES-REINVESTED>                                 42
<NET-CHANGE-IN-ASSETS>                           2,625
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (3,778)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              449
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    802
<AVERAGE-NET-ASSETS>                               960
<PER-SHARE-NAV-BEGIN>                             9.84
<PER-SHARE-NII>                                   0.51
<PER-SHARE-GAIN-APPREC>                         (0.09)
<PER-SHARE-DIVIDEND>                            (0.51)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.75
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 021
   <NAME> INTERMEDIATE TERM GOVERNMENT INCOME FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                           80,850
<INVESTMENTS-AT-VALUE>                          79,227
<RECEIVABLES>                                    1,169
<ASSETS-OTHER>                                      15
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  80,410
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          559
<TOTAL-LIABILITIES>                                559
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        86,018
<SHARES-COMMON-STOCK>                            7,911
<SHARES-COMMON-PRIOR>                           10,685
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (4,552)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,623)
<NET-ASSETS>                                    79,851
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                5,033
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     647
<NET-INVESTMENT-INCOME>                          4,386
<REALIZED-GAINS-CURRENT>                         2,335
<APPREC-INCREASE-CURRENT>                      (4,382)
<NET-CHANGE-FROM-OPS>                            2,338
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (4,215)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         18,418
<NUMBER-OF-SHARES-REDEEMED>                   (49,450)
<SHARES-REINVESTED>                              2,629
<NET-CHANGE-IN-ASSETS>                        (31,426)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (6,886)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              396
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    686
<AVERAGE-NET-ASSETS>                            75,979
<PER-SHARE-NAV-BEGIN>                            10.11
<PER-SHARE-NII>                                   0.56
<PER-SHARE-GAIN-APPREC>                         (0.29)
<PER-SHARE-DIVIDEND>                            (0.56)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.82
<EXPENSE-RATIO>                                   0.81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 022
   <NAME> INTERMEDIATE TERM GOVERNMENT INCOME FUND CONSUMER SERVICE CL
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                           80,850
<INVESTMENTS-AT-VALUE>                          79,227
<RECEIVABLES>                                    1,169
<ASSETS-OTHER>                                      15
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  80,410
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          559
<TOTAL-LIABILITIES>                                559
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        86,018
<SHARES-COMMON-STOCK>                              221
<SHARES-COMMON-PRIOR>                              319
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (4,552)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,623)
<NET-ASSETS>                                    79,851
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                5,033
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     647
<NET-INVESTMENT-INCOME>                          4,386
<REALIZED-GAINS-CURRENT>                         2,335
<APPREC-INCREASE-CURRENT>                      (4,382)
<NET-CHANGE-FROM-OPS>                            2,338
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (170)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            709
<NUMBER-OF-SHARES-REDEEMED>                    (1,830)
<SHARES-REINVESTED>                                145
<NET-CHANGE-IN-ASSETS>                        (31,426)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (6,886)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              396
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    686
<AVERAGE-NET-ASSETS>                             3,228
<PER-SHARE-NAV-BEGIN>                            10.11
<PER-SHARE-NII>                                   0.54
<PER-SHARE-GAIN-APPREC>                         (0.29)
<PER-SHARE-DIVIDEND>                            (0.54)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.82
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 031
   <NAME> EQUITY - INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          108,584
<INVESTMENTS-AT-VALUE>                         149,509
<RECEIVABLES>                                      949
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 150,474
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          499
<TOTAL-LIABILITIES>                                499
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       106,125
<SHARES-COMMON-STOCK>                            9,163
<SHARES-COMMON-PRIOR>                            8,001
<ACCUMULATED-NII-CURRENT>                           60
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          2,855
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        40,925
<NET-ASSETS>                                   149,975
<DIVIDEND-INCOME>                                2,669
<INTEREST-INCOME>                                  399
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,025
<NET-INVESTMENT-INCOME>                          2,043
<REALIZED-GAINS-CURRENT>                         3,791
<APPREC-INCREASE-CURRENT>                       25,139
<NET-CHANGE-FROM-OPS>                           30,973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,951)
<DISTRIBUTIONS-OF-GAINS>                       (4,158)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         31,171
<NUMBER-OF-SHARES-REDEEMED>                   (19,354)
<SHARES-REINVESTED>                              4,894
<NET-CHANGE-IN-ASSETS>                          44,632
<ACCUMULATED-NII-PRIOR>                             60
<ACCUMULATED-GAINS-PRIOR>                        3,433
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              750
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,150
<AVERAGE-NET-ASSETS>                           118,643
<PER-SHARE-NAV-BEGIN>                            12.51
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                           3.29
<PER-SHARE-DIVIDEND>                            (0.23)
<PER-SHARE-DISTRIBUTIONS>                       (0.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.29
<EXPENSE-RATIO>                                   0.81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 032
   <NAME> EQUITY - CONSUMER SERVICE CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          108,584
<INVESTMENTS-AT-VALUE>                         149,509
<RECEIVABLES>                                      949
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 150,474
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          499
<TOTAL-LIABILITIES>                                499
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       106,125
<SHARES-COMMON-STOCK>                              643
<SHARES-COMMON-PRIOR>                              418
<ACCUMULATED-NII-CURRENT>                           60
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          2,855
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        40,925
<NET-ASSETS>                                   149,975
<DIVIDEND-INCOME>                                2,669
<INTEREST-INCOME>                                  399
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   1,025
<NET-INVESTMENT-INCOME>                          2,043
<REALIZED-GAINS-CURRENT>                         3,791
<APPREC-INCREASE-CURRENT>                       25,139
<NET-CHANGE-FROM-OPS>                           30,973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (92)
<DISTRIBUTIONS-OF-GAINS>                         (210)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,178
<NUMBER-OF-SHARES-REDEEMED>                    (1,114)
<SHARES-REINVESTED>                                294
<NET-CHANGE-IN-ASSETS>                          44,632
<ACCUMULATED-NII-PRIOR>                             60
<ACCUMULATED-GAINS-PRIOR>                        3,433
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              750
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,150
<AVERAGE-NET-ASSETS>                             6,389
<PER-SHARE-NAV-BEGIN>                            12.51
<PER-SHARE-NII>                                   0.19
<PER-SHARE-GAIN-APPREC>                           3.29
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.29
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 041
   <NAME> MONEY MARKET FUND INSTITIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          393,536
<INVESTMENTS-AT-VALUE>                         393,536
<RECEIVABLES>                                      536
<ASSETS-OTHER>                                      23
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 394,091
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,909
<TOTAL-LIABILITIES>                              1,909
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       391,790
<SHARES-COMMON-STOCK>                          366,966
<SHARES-COMMON-PRIOR>                          324,942
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   392,182
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               21,726
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     959
<NET-INVESTMENT-INCOME>                         20,767
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           20,767
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (20,232)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        866,500
<NUMBER-OF-SHARES-REDEEMED>                  (824,504)
<SHARES-REINVESTED>                                 28
<NET-CHANGE-IN-ASSETS>                          63,676
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,151
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,094
<AVERAGE-NET-ASSETS>                           373,197
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.24
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 042
   <NAME> MONEY MARKET FUND - CONSUMER SEERVICE CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                          393,536
<INVESTMENTS-AT-VALUE>                         393,536
<RECEIVABLES>                                      536
<ASSETS-OTHER>                                      23
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 394,091
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,909
<TOTAL-LIABILITIES>                              1,909
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       391,790
<SHARES-COMMON-STOCK>                           25,216
<SHARES-COMMON-PRIOR>                            3,564
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   392,182
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               21,726
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     959
<NET-INVESTMENT-INCOME>                         20,767
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           20,767
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (536)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         37,943
<NUMBER-OF-SHARES-REDEEMED>                     16,488
<SHARES-REINVESTED>                                456
<NET-CHANGE-IN-ASSETS>                          63,676
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,151
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,094
<AVERAGE-NET-ASSETS>                            10,674
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.49
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 051
   <NAME> MID CAP GROWTH FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                           62,987
<INVESTMENTS-AT-VALUE>                          82,101
<RECEIVABLES>                                      209
<ASSETS-OTHER>                                      27
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  82,337
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          195
<TOTAL-LIABILITIES>                                195
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        62,246
<SHARES-COMMON-STOCK>                            5,744
<SHARES-COMMON-PRIOR>                            4,326
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            774
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        19,113
<NET-ASSETS>                                    82,141
<DIVIDEND-INCOME>                                1,014
<INTEREST-INCOME>                                  255
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     619
<NET-INVESTMENT-INCOME>                            649
<REALIZED-GAINS-CURRENT>                         2,930
<APPREC-INCREASE-CURRENT>                       14,336
<NET-CHANGE-FROM-OPS>                           17,915
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (643)
<DISTRIBUTIONS-OF-GAINS>                       (2,338)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         26,665
<NUMBER-OF-SHARES-REDEEMED>                   (11,335)
<SHARES-REINVESTED>                              2,548
<NET-CHANGE-IN-ASSETS>                          33,797
<ACCUMULATED-NII-PRIOR>                            249  
<ACCUMULATED-GAINS-PRIOR>                          198
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              468
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    713
<AVERAGE-NET-ASSETS>                            61,855
<PER-SHARE-NAV-BEGIN>                            11.11
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           3.44
<PER-SHARE-DIVIDEND>                            (0.13)
<PER-SHARE-DISTRIBUTIONS>                       (0.50)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.05
<EXPENSE-RATIO>                                   0.98
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 052
   <NAME> MID CAP GROWTH FUND CONSUMER SERVICE CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                           62,987
<INVESTMENTS-AT-VALUE>                          82,101
<RECEIVABLES>                                      209
<ASSETS-OTHER>                                      27
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  82,337
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          195
<TOTAL-LIABILITIES>                                195
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        62,246
<SHARES-COMMON-STOCK>                              102
<SHARES-COMMON-PRIOR>                               25
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            774
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        19,113
<NET-ASSETS>                                    82,141
<DIVIDEND-INCOME>                                1,014
<INTEREST-INCOME>                                  255
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     619
<NET-INVESTMENT-INCOME>                            649
<REALIZED-GAINS-CURRENT>                         2,930
<APPREC-INCREASE-CURRENT>                       14,336
<NET-CHANGE-FROM-OPS>                           17,265
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (5)
<DISTRIBUTIONS-OF-GAINS>                          (16)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,005
<NUMBER-OF-SHARES-REDEEMED>                       (20)
<SHARES-REINVESTED>                                 20
<NET-CHANGE-IN-ASSETS>                          14,530
<ACCUMULATED-NII-PRIOR>                            246
<ACCUMULATED-GAINS-PRIOR>                          198
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              468
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    713
<AVERAGE-NET-ASSETS>                               575
<PER-SHARE-NAV-BEGIN>                            11.11
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                           3.44
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.50)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.05
<EXPENSE-RATIO>                                   1.23
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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