BB&T MUTUAL FUNDS GROUP
NSAR-B, 1996-11-29
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<PAGE>      PAGE  1
000 B000000 09/30/96
000 C000000 0000889284
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 BB&T MUTUAL FUNDS GROUP
001 B000000 811-6719
001 C000000 6144708000
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  7
007 C010100  1
007 C020100 BB&T U.S. TREASURY MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 BB&T SHORT INTERMEDIATE U.S. GOV. INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 BB&T INTERMEDIATE U.S. GOVERNMENT BOND FUND
007 C030300 N
007 C010400  4
007 C020400 BB&T N.C. INTERMEDIATE TAX-FREE FUND
007 C030400 N
007 C010500  5
007 C020500 BB&T GROWTH & INCOME STOCK FUND
007 C030500 N
007 C010600  6
007 C020600 BB&T BALANCED FUND
007 C030600 N
007 C010700  7
007 C020700 BB&T SMALL COMPANY GROWTH FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 BISYS FUND SERVICES
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
011 A00AA01 BISYS FUND SERVICES
<PAGE>      PAGE  2
011 B00AA01 8-00000000
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 BISYS FUND SERVICES OHIO, INC.
012 B00AA01 85-0000000
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43219
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 COLUMBUS
013 B02AA01 OH
013 B03AA01 43215
015 A00AA01 STAR BANK N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45201
015 E01AA01 X
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019 A00AA00 N
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020 A000001 BOSTON INSTITUTIONAL SERVICES
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020 A000002 CAPITAL INSTITUTIONAL SERVICES
020 B000002 75-1565705
020 C000002     38
020 A000003 ROBINSON HUMPHREY
020 C000003     18
020 A000004 BERNSTEIN & CO., INC.
020 C000004     14
020 A000005 DONALDSON LUFKIN
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020 A000006 INSTINET
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020 A000007 STANDARD & POORS
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020 A000008 PAINE WEBBER INC.
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020 A000009 WILLIAM O'NEIL CO.
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<PAGE>      PAGE  3
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022 C000007    192991
022 D000007     23545
022 A000008 BEAR, STEARNS & CO., INC.
022 C000008     32935
022 D000008     15130
022 A000009 MORGAN STANLEY
022 C000009     12990
022 D000009      7206
022 A000010 CAPITAL INSTITUTIONAL SERVICES
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<PAGE>      PAGE  4
054 E00AA00 N
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054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
070 I010100 N
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<PAGE>      PAGE  10
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008 B000201 A
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008 D010201 RALEIGH
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008 D030201 27601
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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070 F020400 N
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070 G020400 N
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070 H020400 N
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  27
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  32
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<PAGE>      PAGE  34
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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074 H000700        0
074 I000700        0
074 J000700      156
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074 L000700        9
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074 R030700        0
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076  000700     0.00
SIGNATURE   WENDY SWONGER                                
TITLE       FIN REPTG SUPERVISOR
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 011
   <NAME> BB&T U.S.TREASURY MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        236129449
<INVESTMENTS-AT-VALUE>                       126129449
<RECEIVABLES>                                   111458
<ASSETS-OTHER>                                    6811
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               236247718
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1037123
<TOTAL-LIABILITIES>                            1037123
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     235210595
<SHARES-COMMON-STOCK>                         27931354<F1>
<SHARES-COMMON-PRIOR>                         13947892<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 235210595
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              9828598
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1434437
<NET-INVESTMENT-INCOME>                        8394161
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          8394161
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       948869<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                      449946776
<NUMBER-OF-SHARES-REDEEMED>                  350488723
<SHARES-REINVESTED>                            1721604
<NET-CHANGE-IN-ASSETS>                       101179657
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           731113
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1490807
<AVERAGE-NET-ASSETS>                          21689548<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .044<F1>
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                               .44<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .99<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 012
   <NAME> BB&T U.S.TREASURY MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        118757258
<INVESTMENTS-AT-VALUE>                       118757258
<RECEIVABLES>                                   111458
<ASSETS-OTHER>                               117379002
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               236247718
<PAYABLE-FOR-SECURITIES>                        865628
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       171495
<TOTAL-LIABILITIES>                            1037123
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     235210595
<SHARES-COMMON-STOCK>                          1304785<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 235210595
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              9828598
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1434437
<NET-INVESTMENT-INCOME>                        8394161
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          8394161
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        19543<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                      449946776
<NUMBER-OF-SHARES-REDEEMED>                  350488723
<SHARES-REINVESTED>                            1721604
<NET-CHANGE-IN-ASSETS>                       101179657
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           731113
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1490807
<AVERAGE-NET-ASSETS>                            778474<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .025<F1>
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .025<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                   1.75<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 013
   <NAME> BB&T U.S.TREASURY MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        118757258
<INVESTMENTS-AT-VALUE>                       118757258
<RECEIVABLES>                                   111458
<ASSETS-OTHER>                               117379002
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               236247718
<PAYABLE-FOR-SECURITIES>                        865628
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       171495
<TOTAL-LIABILITIES>                            1037123
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     235210595
<SHARES-COMMON-STOCK>                        205974456<F1>
<SHARES-COMMON-PRIOR>                        120083046<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 235210595
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              9828598
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1434437
<NET-INVESTMENT-INCOME>                        8394161
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          8394161
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      7425749<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                      449946776
<NUMBER-OF-SHARES-REDEEMED>                  350488723
<SHARES-REINVESTED>                            1721604
<NET-CHANGE-IN-ASSETS>                       101179657
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           731113
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1490807
<AVERAGE-NET-ASSETS>                         160532016<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .046<F1>
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              .046<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .75<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Trust Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 021
   <NAME> BB&T SHORT INTERMEDIATE U.S. GOV. INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         68917857
<INVESTMENTS-AT-VALUE>                        68372719
<RECEIVABLES>                                   999247
<ASSETS-OTHER>                                    2354
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                69374320
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       396834
<TOTAL-LIABILITIES>                             396834
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      71003107
<SHARES-COMMON-STOCK>                           653039<F1>
<SHARES-COMMON-PRIOR>                           718579<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1480483
<ACCUM-APPREC-OR-DEPREC>                      (545138)
<NET-ASSETS>                                  68977486
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3889555
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  554292
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                      (162759)
<APPREC-INCREASE-CURRENT>                     (686269)
<NET-CHANGE-FROM-OPS>                          2486235
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       371250<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        3264121
<NUMBER-OF-SHARES-REDEEMED>                    1597468
<SHARES-REINVESTED>                             146965
<NET-CHANGE-IN-ASSETS>                        16871021
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1317724
<GROSS-ADVISORY-FEES>                           346207
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 628963
<AVERAGE-NET-ASSETS>                           6692536<F1>
<PER-SHARE-NAV-BEGIN>                             9.88<F1>
<PER-SHARE-NII>                                    .55<F1>
<PER-SHARE-GAIN-APPREC>                          (.15)<F1>
<PER-SHARE-DIVIDEND>                               .55<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.73<F1>
<EXPENSE-RATIO>                                   1.19<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS A SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 023
   <NAME> BB&T SHORT INTERMEDIATE U.S. GOV. INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         68917857
<INVESTMENTS-AT-VALUE>                        68372719
<RECEIVABLES>                                   999247
<ASSETS-OTHER>                                    2354
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                69374320
<PAYABLE-FOR-SECURITIES>                        331984
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        64850
<TOTAL-LIABILITIES>                             396834
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      71003107
<SHARES-COMMON-STOCK>                          6430579<F1>
<SHARES-COMMON-PRIOR>                          4551421<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1480483
<ACCUM-APPREC-OR-DEPREC>                      (645138)
<NET-ASSETS>                                  68977486
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3889555
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  554292
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                      (162759)
<APPREC-INCREASE-CURRENT>                     (686269)
<NET-CHANGE-FROM-OPS>                          2486235
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2964013<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        3264121
<NUMBER-OF-SHARES-REDEEMED>                    1597468
<SHARES-REINVESTED>                             146965
<NET-CHANGE-IN-ASSETS>                        16871021
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1317724
<GROSS-ADVISORY-FEES>                           346207
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 628963
<AVERAGE-NET-ASSETS>                          51007946<F1>
<PER-SHARE-NAV-BEGIN>                             9.89<F1>
<PER-SHARE-NII>                                    .57<F1>
<PER-SHARE-GAIN-APPREC>                          (.15)<F1>
<PER-SHARE-DIVIDEND>                               .57<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.74<F1>
<EXPENSE-RATIO>                                    .93<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>TRUST SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 031
   <NAME> BB&T INTERMEDIATE U.S. GOVERNMENT BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        124082549
<INVESTMENTS-AT-VALUE>                       122548269
<RECEIVABLES>                                  1819677
<ASSETS-OTHER>                                    3455
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               124371401
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       726290
<TOTAL-LIABILITIES>                             726290
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     127115765
<SHARES-COMMON-STOCK>                           380071<F1>
<SHARES-COMMON-PRIOR>                           523612<F1>
<ACCUMULATED-NII-CURRENT>                         5718
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1942092
<ACCUM-APPREC-OR-DEPREC>                     (1534280)
<NET-ASSETS>                                 123645111
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              7251688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  937764
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                      (725469)
<APPREC-INCREASE-CURRENT>                    (2757133)
<NET-CHANGE-FROM-OPS>                          2831322
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       247352<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        6757431
<NUMBER-OF-SHARES-REDEEMED>                    2876321
<SHARES-REINVESTED>                             478491
<NET-CHANGE-IN-ASSETS>                        39893290
<ACCUMULATED-NII-PRIOR>                           5718
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1216623
<GROSS-ADVISORY-FEES>                           638632
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1055617
<AVERAGE-NET-ASSETS>                           4354368<F1>
<PER-SHARE-NAV-BEGIN>                             9.88<F1>
<PER-SHARE-NII>                                    .56<F1>
<PER-SHARE-GAIN-APPREC>                          (.25)<F1>
<PER-SHARE-DIVIDEND>                               .56<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.63<F1>
<EXPENSE-RATIO>                                   1.13<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS A SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 032
   <NAME> BB&T INTERMEDIATE U.S. GOVERNMENT BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        124082549
<INVESTMENTS-AT-VALUE>                       122548269
<RECEIVABLES>                                  1819677
<ASSETS-OTHER>                                    3455
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               124371401
<PAYABLE-FOR-SECURITIES>                        615773
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       110517
<TOTAL-LIABILITIES>                             726290
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     127115765
<SHARES-COMMON-STOCK>                            36791<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                         5718
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1942092
<ACCUM-APPREC-OR-DEPREC>                     (1534280)
<NET-ASSETS>                                 123645111
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              7251688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  937764
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                      (725469)
<APPREC-INCREASE-CURRENT>                    (2757133)
<NET-CHANGE-FROM-OPS>                          2831322
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         6966<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        6757431
<NUMBER-OF-SHARES-REDEEMED>                    2876321
<SHARES-REINVESTED>                             478491
<NET-CHANGE-IN-ASSETS>                        39893290
<ACCUMULATED-NII-PRIOR>                           5718
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1216623
<GROSS-ADVISORY-FEES>                           638632
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1055617
<AVERAGE-NET-ASSETS>                            213946<F1>
<PER-SHARE-NAV-BEGIN>                            10.17<F1>
<PER-SHARE-NII>                                    .31<F1>
<PER-SHARE-GAIN-APPREC>                          (.57)<F1>
<PER-SHARE-DIVIDEND>                               .31<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.60<F1>
<EXPENSE-RATIO>                                   1.85<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS B SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 033
   <NAME> BB&T INTERMEDIATE U.S. GOVERNMENT BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        124082549
<INVESTMENTS-AT-VALUE>                       122548269
<RECEIVABLES>                                  1819677
<ASSETS-OTHER>                                    3455
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               124371401
<PAYABLE-FOR-SECURITIES>                        615773
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       110517
<TOTAL-LIABILITIES>                             726290
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     127115765
<SHARES-COMMON-STOCK>                         12411224<F1>
<SHARES-COMMON-PRIOR>                          7944872<F1>
<ACCUMULATED-NII-CURRENT>                         5718
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1942092
<ACCUM-APPREC-OR-DEPREC>                     (1534280)
<NET-ASSETS>                                 123645111
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              7251688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  937764
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                      (725469)
<APPREC-INCREASE-CURRENT>                    (2757133)
<NET-CHANGE-FROM-OPS>                          2831322
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      6059606<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        6757431
<NUMBER-OF-SHARES-REDEEMED>                    2876321
<SHARES-REINVESTED>                             478491
<NET-CHANGE-IN-ASSETS>                        39893290
<ACCUMULATED-NII-PRIOR>                           5718
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1216623
<GROSS-ADVISORY-FEES>                           638632
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1055617
<AVERAGE-NET-ASSETS>                         101944157<F1>
<PER-SHARE-NAV-BEGIN>                             9.89<F1>
<PER-SHARE-NII>                                    .58<F1>
<PER-SHARE-GAIN-APPREC>                          (.25)<F1>
<PER-SHARE-DIVIDEND>                               .58<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.64<F1>
<EXPENSE-RATIO>                                    .87<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>TRUST SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 041
   <NAME> BB&T N.C. INTERMEDIATE TAX-FREE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         38239071
<INVESTMENTS-AT-VALUE>                        38344894
<RECEIVABLES>                                   505044
<ASSETS-OTHER>                                    3840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                38853778
<PAYABLE-FOR-SECURITIES>                        994750
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       154774
<TOTAL-LIABILITIES>                            1149524
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      37723453
<SHARES-COMMON-STOCK>                           921898<F1>
<SHARES-COMMON-PRIOR>                           858931<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        125022
<ACCUM-APPREC-OR-DEPREC>                        105823
<NET-ASSETS>                                  37704254
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1681672
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  359118
<NET-INVESTMENT-INCOME>                        1322554
<REALIZED-GAINS-CURRENT>                       (47072)
<APPREC-INCREASE-CURRENT>                     (302527)
<NET-CHANGE-FROM-OPS>                           972955
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       322468<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        1171335
<NUMBER-OF-SHARES-REDEEMED>                    1071579
<SHARES-REINVESTED>                              26506
<NET-CHANGE-IN-ASSETS>                          896323
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       77950
<GROSS-ADVISORY-FEES>                           215256
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 444512
<AVERAGE-NET-ASSETS>                           9017356<F1>
<PER-SHARE-NAV-BEGIN>                            10.15<F1>
<PER-SHARE-NII>                                    .36<F1>
<PER-SHARE-GAIN-APPREC>                          (.10)<F1>
<PER-SHARE-DIVIDEND>                               .36<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.05<F1>
<EXPENSE-RATIO>                                   1.11<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS A SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 042
   <NAME> BB&T N.C. INTERMEDIATE TAX-FREE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         38239071
<INVESTMENTS-AT-VALUE>                        38344894
<RECEIVABLES>                                   505044
<ASSETS-OTHER>                                    3840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                38853778
<PAYABLE-FOR-SECURITIES>                        113896
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1035628
<TOTAL-LIABILITIES>                            1149524
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      37723453
<SHARES-COMMON-STOCK>                          2830793<F1>
<SHARES-COMMON-PRIOR>                          2767497<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        125022
<ACCUM-APPREC-OR-DEPREC>                        105823
<NET-ASSETS>                                  37704254
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1681672
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  359118
<NET-INVESTMENT-INCOME>                        1322554
<REALIZED-GAINS-CURRENT>                       (47072)
<APPREC-INCREASE-CURRENT>                     (302527)
<NET-CHANGE-FROM-OPS>                           972955
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1000086<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        1171335
<NUMBER-OF-SHARES-REDEEMED>                    1071579
<SHARES-REINVESTED>                              26506
<NET-CHANGE-IN-ASSETS>                          896323
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       77950
<GROSS-ADVISORY-FEES>                           215256
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 444512
<AVERAGE-NET-ASSETS>                          26858098<F1>
<PER-SHARE-NAV-BEGIN>                            10.15<F1>
<PER-SHARE-NII>                                    .38<F1>
<PER-SHARE-GAIN-APPREC>                          (.10)<F1>
<PER-SHARE-DIVIDEND>                               .38<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.05<F1>
<EXPENSE-RATIO>                                    .96<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>TRUST SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 051
   <NAME> BB&T GROWTH & INCOME STOCK FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        182180043
<INVESTMENTS-AT-VALUE>                       229746482
<RECEIVABLES>                                   492577
<ASSETS-OTHER>                                    6854
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               230245913
<PAYABLE-FOR-SECURITIES>                        301705
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       456219
<TOTAL-LIABILITIES>                             757924
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     172703921
<SHARES-COMMON-STOCK>                          1237278<F1>
<SHARES-COMMON-PRIOR>                           836152<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        9217629
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      47566439
<NET-ASSETS>                                 229487989
<DIVIDEND-INCOME>                              5439921
<INTEREST-INCOME>                               451511
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1773282
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                       9428482
<APPREC-INCREASE-CURRENT>                     24542390
<NET-CHANGE-FROM-OPS>                         38089022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       270458<F1>
<DISTRIBUTIONS-OF-GAINS>                         76748<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        5587933
<NUMBER-OF-SHARES-REDEEMED>                    2926808
<SHARES-REINVESTED>                             252319
<NET-CHANGE-IN-ASSETS>                        73043004
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       910876
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1490003
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2294228
<AVERAGE-NET-ASSETS>                          14646556<F1>
<PER-SHARE-NAV-BEGIN>                            12.97<F1>
<PER-SHARE-NII>                                    .26<F1>
<PER-SHARE-GAIN-APPREC>                           2.43<F1>
<PER-SHARE-DIVIDEND>                               .26<F1>
<PER-SHARE-DISTRIBUTIONS>                          .09<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.31<F1>
<EXPENSE-RATIO>                                   1.11<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS A SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 052
   <NAME> BB&T GROWTH & INCOME STOCK FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        182180043
<INVESTMENTS-AT-VALUE>                       229746482
<RECEIVABLES>                                   492577
<ASSETS-OTHER>                                    6854
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               230245913
<PAYABLE-FOR-SECURITIES>                        254872
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       503052
<TOTAL-LIABILITIES>                             757924
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     172703921
<SHARES-COMMON-STOCK>                           253687<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        9217629
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      47566439
<NET-ASSETS>                                 229487989
<DIVIDEND-INCOME>                              5439921
<INTEREST-INCOME>                               451511
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1773282
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                       9428482
<APPREC-INCREASE-CURRENT>                     24542390
<NET-CHANGE-FROM-OPS>                         38089022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        19098<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        5587933
<NUMBER-OF-SHARES-REDEEMED>                    2926808
<SHARES-REINVESTED>                             252319
<NET-CHANGE-IN-ASSETS>                        73043004
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       910876
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1490003
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2294228
<AVERAGE-NET-ASSETS>                           1995907<F1>
<PER-SHARE-NAV-BEGIN>                            13.78<F1>
<PER-SHARE-NII>                                    .13<F1>
<PER-SHARE-GAIN-APPREC>                           1.52<F1>
<PER-SHARE-DIVIDEND>                               .14<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.29<F1>
<EXPENSE-RATIO>                                   1.85<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS B SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 053
   <NAME> BB&T GROWTH & INCOME STOCK FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        182180043
<INVESTMENTS-AT-VALUE>                       229746482
<RECEIVABLES>                                   492577
<ASSETS-OTHER>                                    6854
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               230245913
<PAYABLE-FOR-SECURITIES>                        254872
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       503052
<TOTAL-LIABILITIES>                             757924
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     172703921
<SHARES-COMMON-STOCK>                         13468959<F1>
<SHARES-COMMON-PRIOR>                         11210329<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        9217629
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      47566439
<NET-ASSETS>                                 229487989
<DIVIDEND-INCOME>                              5439921
<INTEREST-INCOME>                               451511
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1773282
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                       9428482
<APPREC-INCREASE-CURRENT>                     24542390
<NET-CHANGE-FROM-OPS>                         38089022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3828594<F1>
<DISTRIBUTIONS-OF-GAINS>                       1044981<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        5587933
<NUMBER-OF-SHARES-REDEEMED>                    2926808
<SHARES-REINVESTED>                             252319
<NET-CHANGE-IN-ASSETS>                        73043004
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       910876
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1490003
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2294228
<AVERAGE-NET-ASSETS>                         185290584<F1>
<PER-SHARE-NAV-BEGIN>                            12.99<F1>
<PER-SHARE-NII>                                    .29<F1>
<PER-SHARE-GAIN-APPREC>                           2.44<F1>
<PER-SHARE-DIVIDEND>                               .38<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.34<F1>
<EXPENSE-RATIO>                                    .86<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>TRUST SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 061
   <NAME> BB&T BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         75172426
<INVESTMENTS-AT-VALUE>                        83721546
<RECEIVABLES>                                   802367
<ASSETS-OTHER>                                    2255
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                84526168
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       357573
<TOTAL-LIABILITIES>                             357573
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      73805105
<SHARES-COMMON-STOCK>                          1041648<F1>
<SHARES-COMMON-PRIOR>                           838797<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1814370
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       8549120
<NET-ASSETS>                                  84168595
<DIVIDEND-INCOME>                               996840
<INTEREST-INCOME>                              2702304
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  742376
<NET-INVESTMENT-INCOME>                        2956768
<REALIZED-GAINS-CURRENT>                       2206261
<APPREC-INCREASE-CURRENT>                      3503931
<NET-CHANGE-FROM-OPS>                          8666960
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       421901<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        2636434
<NUMBER-OF-SHARES-REDEEMED>                    1159914
<SHARES-REINVESTED>                             214800
<NET-CHANGE-IN-ASSETS>                        25117834
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      391891
<GROSS-ADVISORY-FEES>                           549962
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 949129
<AVERAGE-NET-ASSETS>                          11214409<F1>
<PER-SHARE-NAV-BEGIN>                            11.04<F1>
<PER-SHARE-NII>                                    .43<F1>
<PER-SHARE-GAIN-APPREC>                            .92<F1>
<PER-SHARE-DIVIDEND>                               .43<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.96<F1>
<EXPENSE-RATIO>                                   1.20<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS A SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 062
   <NAME> BB&T BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         75172426
<INVESTMENTS-AT-VALUE>                        83721546
<RECEIVABLES>                                   802367
<ASSETS-OTHER>                                    2255
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                84526168
<PAYABLE-FOR-SECURITIES>                        270535
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        87038
<TOTAL-LIABILITIES>                             357573
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      73805105
<SHARES-COMMON-STOCK>                           196298<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1814370
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       8549120
<NET-ASSETS>                                  84168595
<DIVIDEND-INCOME>                               996840
<INTEREST-INCOME>                              2702304
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  742376
<NET-INVESTMENT-INCOME>                        2956768
<REALIZED-GAINS-CURRENT>                       2206261
<APPREC-INCREASE-CURRENT>                      3503931
<NET-CHANGE-FROM-OPS>                          8666960
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        39026<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        2636434
<NUMBER-OF-SHARES-REDEEMED>                    1159914
<SHARES-REINVESTED>                             214800
<NET-CHANGE-IN-ASSETS>                        25117834
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      391891
<GROSS-ADVISORY-FEES>                           549962
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 949129
<AVERAGE-NET-ASSETS>                           1584846<F1>
<PER-SHARE-NAV-BEGIN>                            11.54<F1>
<PER-SHARE-NII>                                    .27<F1>
<PER-SHARE-GAIN-APPREC>                            .37<F1>
<PER-SHARE-DIVIDEND>                               .27<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.91<F1>
<EXPENSE-RATIO>                                   1.95<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS B SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 063
   <NAME> BB&T BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         75172426
<INVESTMENTS-AT-VALUE>                        83721546
<RECEIVABLES>                                   802367
<ASSETS-OTHER>                                    2255
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                84526168
<PAYABLE-FOR-SECURITIES>                        270535
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        87038
<TOTAL-LIABILITIES>                             357573
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      73805105
<SHARES-COMMON-STOCK>                          5812814<F1>
<SHARES-COMMON-PRIOR>                          4520644<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1814370
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       8549120
<NET-ASSETS>                                  84168595
<DIVIDEND-INCOME>                               996840
<INTEREST-INCOME>                              2702304
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  742376
<NET-INVESTMENT-INCOME>                        2956768
<REALIZED-GAINS-CURRENT>                       2206261
<APPREC-INCREASE-CURRENT>                      3503931
<NET-CHANGE-FROM-OPS>                          8666960
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2495841<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        2636434
<NUMBER-OF-SHARES-REDEEMED>                    1159914
<SHARES-REINVESTED>                             214800
<NET-CHANGE-IN-ASSETS>                        25117834
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      391891
<GROSS-ADVISORY-FEES>                           549962
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 949129
<AVERAGE-NET-ASSETS>                          61982453<F1>
<PER-SHARE-NAV-BEGIN>                            11.01<F1>
<PER-SHARE-NII>                                    .46<F1>
<PER-SHARE-GAIN-APPREC>                            .92<F1>
<PER-SHARE-DIVIDEND>                               .46<F1>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.93<F1>
<EXPENSE-RATIO>                                    .95<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>TRUST SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 071
   <NAME> BB&T SMALL COMPANY GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         31600228
<INVESTMENTS-AT-VALUE>                        47530175
<RECEIVABLES>                                   165255
<ASSETS-OTHER>                                   23964
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                47719394
<PAYABLE-FOR-SECURITIES>                        655782
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        78212
<TOTAL-LIABILITIES>                             733994
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      31650081
<SHARES-COMMON-STOCK>                           351971<F1>
<SHARES-COMMON-PRIOR>                            75426<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          421082
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        173546
<ACCUM-APPREC-OR-DEPREC>                      15929947
<NET-ASSETS>                                  46985400
<DIVIDEND-INCOME>                                 9282
<INTEREST-INCOME>                               233058
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  571159
<NET-INVESTMENT-INCOME>                       (328819)
<REALIZED-GAINS-CURRENT>                         90971
<APPREC-INCREASE-CURRENT>                     12148737
<NET-CHANGE-FROM-OPS>                         11910889
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1298090
<NUMBER-OF-SHARES-REDEEMED>                     315568
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        28927768
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          92263
<OVERDIST-NET-GAINS-PRIOR>                      264517
<GROSS-ADVISORY-FEES>                           308711
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 581385
<AVERAGE-NET-ASSETS>                           3754537<F1>
<PER-SHARE-NAV-BEGIN>                            14.53<F1>
<PER-SHARE-NII>                                  (.20)<F1>
<PER-SHARE-GAIN-APPREC>                           6.73<F1>
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.06<F1>
<EXPENSE-RATIO>                                   2.01<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS A SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 072
   <NAME> BB&T SMALL COMPANY GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         31600228
<INVESTMENTS-AT-VALUE>                        47530175
<RECEIVABLES>                                   165255
<ASSETS-OTHER>                                   23964
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                47719394
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       733994
<TOTAL-LIABILITIES>                             733994
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      31650081
<SHARES-COMMON-STOCK>                           152963<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          421082
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        173546
<ACCUM-APPREC-OR-DEPREC>                      15929947
<NET-ASSETS>                                  46985400
<DIVIDEND-INCOME>                                 9282
<INTEREST-INCOME>                               233058
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  571159
<NET-INVESTMENT-INCOME>                       (328819)
<REALIZED-GAINS-CURRENT>                         90971
<APPREC-INCREASE-CURRENT>                     12148737
<NET-CHANGE-FROM-OPS>                         11910889
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1298090
<NUMBER-OF-SHARES-REDEEMED>                     315568
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        28927768
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          92263
<OVERDIST-NET-GAINS-PRIOR>                      264517
<GROSS-ADVISORY-FEES>                           308711
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 581385
<AVERAGE-NET-ASSETS>                           1495198<F1>
<PER-SHARE-NAV-BEGIN>                            15.24<F1>
<PER-SHARE-NII>                                  (.21)<F1>
<PER-SHARE-GAIN-APPREC>                           5.89<F1>
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.92<F1>
<EXPENSE-RATIO>                                   2.72<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS B SHARES
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000889284
<NAME> BB&T MUTUAL FUNDS GROUP
<SERIES>
   <NUMBER> 073
   <NAME> BB&T SMALL COMPANY GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                         31600228
<INVESTMENTS-AT-VALUE>                        47530175
<RECEIVABLES>                                   165255
<ASSETS-OTHER>                                   23964
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                47719394
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       733994
<TOTAL-LIABILITIES>                             733994
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      31650081
<SHARES-COMMON-STOCK>                          1717398<F1>
<SHARES-COMMON-PRIOR>                          1164384<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          421082
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        173546
<ACCUM-APPREC-OR-DEPREC>                      15929947
<NET-ASSETS>                                  46985400
<DIVIDEND-INCOME>                                 9282
<INTEREST-INCOME>                               233058
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  571159
<NET-INVESTMENT-INCOME>                       (328819)
<REALIZED-GAINS-CURRENT>                         90971
<APPREC-INCREASE-CURRENT>                     12148737
<NET-CHANGE-FROM-OPS>                         11910889
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1298090
<NUMBER-OF-SHARES-REDEEMED>                     315568
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        28927768
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          92263
<OVERDIST-NET-GAINS-PRIOR>                      264517
<GROSS-ADVISORY-FEES>                           308711
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 581385
<AVERAGE-NET-ASSETS>                          26059744<F1>
<PER-SHARE-NAV-BEGIN>                            14.57<F1>
<PER-SHARE-NII>                                  (.17)<F1>
<PER-SHARE-GAIN-APPREC>                           6.78<F1>
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.18<F1>
<EXPENSE-RATIO>                                   1.79<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>TRUST SHARES
</FN>
        

</TABLE>

The Board of Trustees
 of BB&T Mutual Funds Group:

In planning and performing our audit of the financial
statements of BB&T Mutual Funds Group for the year
ended September 30, 1996, we considered its
internal controls, including procedures 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 the
internal controls.

The management of BB&T Mutual Funds Group is 
responsible for establishing and maintaining internal 
controls.  In fulfilling this responsibility, estimates and 
judgments by management are required to assess the 
expected benefits and related costs of internal control 
structure policies and procedures.  Two of the objectives 
of internal controls are to provide management with 
reasonable, but not absolute, assurance that assets are 
safeguarded against loss from unauthorized use or 
disposition and that transactions are executed in accordance 
with management's authorization and recorded properly 
to permit preparation of financial statements in conformity 
with generally accepted accounting principles.

Because of inherent limitations in any internal controls, 
errors or irregularities may occur and not be detected.  
Also, projection of any evaluation of internal controls 
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 the internal controls would not 
necessarily disclose all matters in the internal controls 
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 the specific internal
 controls does not reduce to a relatively low level the 
risk that errors or irregularities 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 the internal controls, 
including procedures for safeguarding securities, that 
we consider to be material weaknesses as defined 
above as of September 30, 1996.

This report is intended solely for the information and 
use of management and the Securities and Exchange 
Commission.


/s/ KPMG Peat Marwick LLP
                         

Columbus, Ohio
November 8, 1996


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