<PAGE> PAGE 1
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<PAGE> PAGE 2
010 C03AA01 02109
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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SIGNATURE KEVIN MORRISEY
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>011
<NAME>WILSHIRE LARGE COMPANY GROWTH FUND INV.
<S> <C>
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<APPREC-INCREASE-CURRENT> 1,835,722
<NET-CHANGE-FROM-OPS> 4,982,316
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (171,127)
<DISTRIBUTIONS-OF-GAINS> (586,295)
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<NUMBER-OF-SHARES-SOLD> 811,376
<NUMBER-OF-SHARES-REDEEMED> (1,173,450)
<SHARES-REINVESTED> 39,718
<NET-CHANGE-IN-ASSETS> 5,448,884
<ACCUMULATED-NII-PRIOR> 89,061
<ACCUMULATED-GAINS-PRIOR> 230,334
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32,643
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 259,540
<AVERAGE-NET-ASSETS> 25,817,546
<PER-SHARE-NAV-BEGIN> 16.34
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 3.45
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.39)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.35
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>012
<NAME>WILSHIRE LARGE COMPANY GROWTH FUND INST.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 21,316,749
<INVESTMENTS-AT-VALUE> 26,897,050
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<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 15,124
<TOTAL-ASSETS> 26,937,430
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 140,099
<TOTAL-LIABILITIES> 140,099
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,326,563
<SHARES-COMMON-STOCK> 401,090
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 31,210
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,714,606
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,580,301
<NET-ASSETS> 7,762,546
<DIVIDEND-INCOME> 346,690
<INTEREST-INCOME> 8,290
<OTHER-INCOME> 0
<EXPENSES-NET> 250,007
<NET-INVESTMENT-INCOME> 104,973
<REALIZED-GAINS-CURRENT> 3,041,621
<APPREC-INCREASE-CURRENT> 1,835,722
<NET-CHANGE-FROM-OPS> 4,982,316
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 401,090
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,448,884
<ACCUMULATED-NII-PRIOR> 89,061
<ACCUMULATED-GAINS-PRIOR> 230,334
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32,643
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 259,540
<AVERAGE-NET-ASSETS> 974,656
<PER-SHARE-NAV-BEGIN> 18.27
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.07
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.35
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>021
<NAME>Wilshire Large Company Value Fun
<S> <C>
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Aug-31-1996
<PERIOD-END> Aug-31-1996
<INVESTMENTS-AT-COST> 32,611,321
<INVESTMENTS-AT-VALUE> 35,401,249
<RECEIVABLES> 468,973
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 18,134
<TOTAL-ASSETS> 35,888,356
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 503,666
<TOTAL-LIABILITIES> 503,666
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,083,821
<SHARES-COMMON-STOCK> 1,009,161
<SHARES-COMMON-PRIOR> 1,430,928
<ACCUMULATED-NII-CURRENT> 779,655
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,901,041
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,789,928
<NET-ASSETS> 17,959,835
<DIVIDEND-INCOME> 1,373,115
<INTEREST-INCOME> 16,319
<OTHER-INCOME> 0
<EXPENSES-NET> 307,601
<NET-INVESTMENT-INCOME> 1,081,833
<REALIZED-GAINS-CURRENT> 3,153,054
<APPREC-INCREASE-CURRENT> 583,669
<NET-CHANGE-FROM-OPS> 4,867,175
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (772,273)
<DISTRIBUTIONS-OF-GAINS> (831,426)
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<NUMBER-OF-SHARES-SOLD> 1,253,565
<NUMBER-OF-SHARES-REDEEMED> (1,767,796)
<SHARES-REINVESTED> 92,464
<NET-CHANGE-IN-ASSETS> 12,507,054
<ACCUMULATED-NII-PRIOR> 470,916
<ACCUMULATED-GAINS-PRIOR> 569,152
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42,436
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 319,262
<AVERAGE-NET-ASSETS> 32,510,667
<PER-SHARE-NAV-BEGIN> 16.02
<PER-SHARE-NII> 0.85
<PER-SHARE-GAIN-APPREC> 1.91
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> (0.51)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.80
<EXPENSE-RATIO> 0.89
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>022
<NAME>Wilshire Large Company Value Fun
<S> <C>
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Aug-31-1996
<PERIOD-END> Aug-31-1996
<INVESTMENTS-AT-COST> 32,611,321
<INVESTMENTS-AT-VALUE> 35,401,249
<RECEIVABLES> 468,973
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 18,134
<TOTAL-ASSETS> 35,888,356
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 503,666
<TOTAL-LIABILITIES> 503,666
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,830,245
<SHARES-COMMON-STOCK> 979,106
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 779,655
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,901,041
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,789,928
<NET-ASSETS> 17,424,855
<DIVIDEND-INCOME> 1,373,115
<INTEREST-INCOME> 16,319
<OTHER-INCOME> 0
<EXPENSES-NET> 307,601
<NET-INVESTMENT-INCOME> 1,081,833
<REALIZED-GAINS-CURRENT> 3,153,054
<APPREC-INCREASE-CURRENT> 583,669
<NET-CHANGE-FROM-OPS> 4,867,175
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 979,106
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,507,054
<ACCUMULATED-NII-PRIOR> 470,916
<ACCUMULATED-GAINS-PRIOR> 569,152
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 319,262
<AVERAGE-NET-ASSETS> 2,183,735
<PER-SHARE-NAV-BEGIN> 17.19
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 0.54
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.80
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>031
<NAME>WILSHIRE SMALL COMPANY GROWTH FUND INV.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 19,748,411
<INVESTMENTS-AT-VALUE> 21,512,181
<RECEIVABLES> 86,411
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 116,175
<TOTAL-ASSETS> 21,714,767
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,048
<TOTAL-LIABILITIES> 88,048
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,168,094
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 3,485,066
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,763,770
<NET-ASSETS> 18,049,348
<DIVIDEND-INCOME> 44,193
<INTEREST-INCOME> 6,908
<OTHER-INCOME> 0
<EXPENSES-NET> 225,832
<NET-INVESTMENT-INCOME> (174,731)
<REALIZED-GAINS-CURRENT> 3,995,373
<DEPPR-DECREASE-CURRENT> (279,274)
<NET-CHANGE-FROM-OPS> 3,541,368
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,245,229)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 562,163
<NUMBER-OF-SHARES-REDEEMED> (955,596)
<SHARES-REINVESTED> 186,234
<NET-CHANGE-IN-ASSETS> (255,459)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,970,329
<OVERDISTRIB-NII-PRIOR> (87,165)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 27,057
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234,216
<AVERAGE-NET-ASSETS> 21,987,377
<PER-SHARE-NAV-BEGIN> 18.55
<PER-SHARE-NII> (0.19)
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<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (2.86)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.56
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>032
<NAME>WILSHIRE SMALL COMPANY GROWTH FUND INST.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 19,748,411
<INVESTMENTS-AT-VALUE> 21,512,181
<RECEIVABLES> 86,411
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 116,175
<TOTAL-ASSETS> 21,714,767
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,048
<TOTAL-LIABILITIES> 88,048
<SENIOR-EQUITY> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,763,770
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<DIVIDEND-INCOME> 44,193
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<OTHER-INCOME> 0
<EXPENSES-NET> 225,832
<NET-INVESTMENT-INCOME> (174,731)
<REALIZED-GAINS-CURRENT> 3,995,373
<DEPPR-DECREASE-CURRENT> (279,274)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
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<NUMBER-OF-SHARES-SOLD> 192,695
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (255,459)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,970,329
<OVERDISTRIB-NII-PRIOR> (87,165)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 27,057
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234,216
<AVERAGE-NET-ASSETS> 432,690
<PER-SHARE-NAV-BEGIN> 16.66
<PER-SHARE-NII> (0.01)
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<PER-SHARE-DIVIDEND> 0.00
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<PER-SHARE-NAV-END> 18.56
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>041
<NAME>Wilshire Small Company Value Fun
<S> <C>
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Aug-31-1996
<PERIOD-END> Aug-31-1996
<INVESTMENTS-AT-COST> 32,912,036
<INVESTMENTS-AT-VALUE> 34,238,367
<RECEIVABLES> 3,905,965
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11,891
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,492,569
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<SENIOR-EQUITY> 0
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<ACCUMULATED-NET-GAINS> 1,922,414
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<ACCUM-APPREC-OR-DEPREC> 1,326,331
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<NET-INVESTMENT-INCOME> 1,106,895
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<DISTRIBUTIONS-OF-INCOME> (1,093,961)
<DISTRIBUTIONS-OF-GAINS> (860,790)
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<NUMBER-OF-SHARES-SOLD> 1,527,858
<NUMBER-OF-SHARES-REDEEMED> (1,619,393)
<SHARES-REINVESTED> 122,970
<NET-CHANGE-IN-ASSETS> 8,736,963
<ACCUMULATED-NII-PRIOR> 733,991
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 43,314
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323,039
<AVERAGE-NET-ASSETS> 34,401,295
<PER-SHARE-NAV-BEGIN> 15.41
<PER-SHARE-NII> 0.56
<PER-SHARE-GAIN-APPREC> 0.95
<PER-SHARE-DIVIDEND> (0.56)
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<PER-SHARE-NAV-END> 15.92
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>042
<NAME>Wilshire Small Company Value Fun
<S> <C>
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Aug-31-1996
<PERIOD-END> Aug-31-1996
<INVESTMENTS-AT-COST> 32,912,036
<INVESTMENTS-AT-VALUE> 34,238,367
<RECEIVABLES> 3,905,965
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<OTHER-ITEMS-ASSETS> 11,891
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,492,569
<TOTAL-LIABILITIES> 3,492,569
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,117,531
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 751,862
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,922,414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,326,331
<NET-ASSETS> 7,334,765
<DIVIDEND-INCOME> 1,400,514
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<EXPENSES-NET> 310,652
<NET-INVESTMENT-INCOME> 1,106,895
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<APPREC-INCREASE-CURRENT> (194,305)
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<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 460,695
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,736,963
<ACCUMULATED-NII-PRIOR> 733,991
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323,039
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<PER-SHARE-NAV-BEGIN> 15.45
<PER-SHARE-NII> 0.06
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<PER-SHARE-NAV-END> 15.92
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
