<PAGE> PAGE 1
000 A000000 02/28/97
000 C000000 890453
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008 D02AA01 CA
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008 D04AA01 1085
010 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
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<PAGE> PAGE 2
010 A00AA02 DELETE
011 A00AA01 FIRST DATA DISTRIBUTORS, INC.
011 B00AA01 8-45467
011 C01AA01 WESTBORO
011 C02AA01 MA
011 C03AA01 01581
011 A00AA02 PREMIER DISTRIBUTOR, INC.
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<PAGE> PAGE 3
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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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SIGNATURE JULIE A. TEDESCO
TITLE ASSISTANT SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
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<NAME>WILSHIRE LARGE COMPANY GROWTH FUND INV.
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
<NUMBER>012
<NAME>WILSHIRE LARGE COMPANY GROWTH FUND INST.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,723,196
<NET-ASSETS> 27,915,009
<DIVIDEND-INCOME> 189,267
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 145,539
<NET-INVESTMENT-INCOME> 43,728
<REALIZED-GAINS-CURRENT> 2,301,470
<APPREC-INCREASE-CURRENT> 4,142,895
<NET-CHANGE-FROM-OPS> 6,488,093
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (29,526)
<DISTRIBUTIONS-OF-GAINS> (1,724,527)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 859,360
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 89,174
<NET-CHANGE-IN-ASSETS> 22,843,331
<ACCUMULATED-NII-PRIOR> 31,210
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<PER-SHARE-NAV-BEGIN> 19.35
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 4.08
<PER-SHARE-DIVIDEND> (0.05)
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<EXPENSE-RATIO> 0.88
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</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 Fund Inv.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
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<INVESTMENTS-AT-VALUE> 37,904,874
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<NET-ASSETS> 15,048,498
<DIVIDEND-INCOME> 612,038
<INTEREST-INCOME> 0
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<EXPENSES-NET> 157,333
<NET-INVESTMENT-INCOME> 454,705
<REALIZED-GAINS-CURRENT> 2,932,423
<APPREC-INCREASE-CURRENT> 2,957,279
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (450,971)
<DISTRIBUTIONS-OF-GAINS> (1,745,588)
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<NUMBER-OF-SHARES-SOLD> 63,151
<NUMBER-OF-SHARES-REDEEMED> (365,783)
<SHARES-REINVESTED> 117,125
<NET-CHANGE-IN-ASSETS> 2,732,072
<ACCUMULATED-NII-PRIOR> 779,655
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 211,405
<AVERAGE-NET-ASSETS> 15,313,472
<PER-SHARE-NAV-BEGIN> 17.80
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 3.15
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> (2.31)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.27
<EXPENSE-RATIO> 0.90
<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 Fund Inst.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 32,157,667
<INVESTMENTS-AT-VALUE> 37,904,874
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<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 101,246
<TOTAL-ASSETS> 38,175,715
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,953
<TOTAL-LIABILITIES> 58,953
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<ACCUMULATED-NII-CURRENT> 179,660
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,747,207
<NET-ASSETS> 23,068,264
<DIVIDEND-INCOME> 612,038
<INTEREST-INCOME> 0
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<EXPENSES-NET> 157,333
<NET-INVESTMENT-INCOME> 454,705
<REALIZED-GAINS-CURRENT> 2,932,423
<APPREC-INCREASE-CURRENT> 2,957,279
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<NUMBER-OF-SHARES-REDEEMED> (41)
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<NET-CHANGE-IN-ASSETS> 2,732,072
<ACCUMULATED-NII-PRIOR> 779,655
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<PER-SHARE-DIVIDEND> (0.62)
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<PER-SHARE-NAV-END> 18.27
<EXPENSE-RATIO> 0.90
<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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 17,936,361
<INVESTMENTS-AT-VALUE> 17,601,814
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<TOTAL-LIABILITIES> 286,691
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<PAID-IN-CAPITAL-COMMON> 13,001,842
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<NET-INVESTMENT-LOSS> (84,242)
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<NUMBER-OF-SHARES-REDEEMED> (319,037)
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<NET-CHANGE-IN-ASSETS> (3,947,669)
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<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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
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<INVESTMENTS-AT-VALUE> 17,601,814
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<ASSETS-OTHER> 0
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<SENIOR-LONG-TERM-DEBT> 0
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<EXPENSES-NET> 100,378
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<DISTRIBUTIONS-OF-GAINS> (802,363)
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<NUMBER-OF-SHARES-SOLD> 29,135
<NUMBER-OF-SHARES-REDEEMED> (69)
<SHARES-REINVESTED> 55,221
<NET-CHANGE-IN-ASSETS> (3,947,669)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,485,066
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<GROSS-EXPENSE> 127,283
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<PER-SHARE-NII> (0.06)
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<PER-SHARE-NAV-END> 13.86
<EXPENSE-RATIO> 1.02
<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 Fund Inv.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 36,249,444
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<ASSETS-OTHER> 0
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,523
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,378,737
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<ACCUMULATED-NET-GAINS> 335,986
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<ACCUM-APPREC-OR-DEPREC> 2,914,776
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<EXPENSES-NET> 121,080
<NET-INVESTMENT-INCOME> 409,362
<REALIZED-GAINS-CURRENT> 1,882,249
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (662,863)
<DISTRIBUTIONS-OF-GAINS> (2,277,643)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 283,893
<NUMBER-OF-SHARES-REDEEMED> (1,070,049)
<SHARES-REINVESTED> 195,460
<NET-CHANGE-IN-ASSETS> 4,622,974
<ACCUMULATED-NII-PRIOR> 751,862
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<PER-SHARE-NAV-END> 14.77
<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 Fund Inst.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 36,249,444
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,523
<TOTAL-LIABILITIES> 104,523
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,514,148
<SHARES-COMMON-STOCK> 1,533,155
<SHARES-COMMON-PRIOR> 460,695
<ACCUMULATED-NII-CURRENT> 142,981
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 335,986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,914,776
<NET-ASSETS> 22,649,402
<DIVIDEND-INCOME> 530,442
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<EXPENSES-NET> 121,080
<NET-INVESTMENT-INCOME> 409,362
<REALIZED-GAINS-CURRENT> 1,882,249
<APPREC-INCREASE-CURRENT> 1,588,445
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (355,380)
<DISTRIBUTIONS-OF-GAINS> (1,191,034)
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<NUMBER-OF-SHARES-SOLD> 963,863
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 108,597
<NET-CHANGE-IN-ASSETS> 4,622,974
<ACCUMULATED-NII-PRIOR> 751,862
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<INTEREST-EXPENSE> 0
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<AVERAGE-NET-ASSETS> 10,489,092
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<PER-SHARE-NAV-END> 14.77
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.0000
</TABLE>
