1933 Act File No. 33-49883
1940 Act File No. 811-7073
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
x
Pre-Effective Amendment No.
Post-Effective Amendment No. 3 x
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF
1940 x
Amendment No. 5 x
SUNBURST FUNDS
(Exact Name of Registrant as Specified in Charter)
Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
John W. McGonigle, Esquire,
Federated Investors Tower,
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
It is proposed that this filing will become effective:
immediately upon filing pursuant to paragraph (b)
x on January 31, 1995 pursuant to paragraph (b)
60 days after filing pursuant to paragraph (a) (i)
on pursuant to paragraph (a) (i).
75 days after filing pursuant to paragraph (a)(ii)
on _________________ pursuant to paragraph (a)(ii) of Rule
485.
If appropriate, check the following box:
x This post-effective amendment designates a new effective
date for a previously filed post-effective amendment.
Registrant has filed with the Securities and Exchange
Commission a declaration pursuant to Rule 24f-2 under the
Investment Company Act of 1940, and:
x filed the Notice required by that Rule on November 15,
1994; or
intends to file the Notice required by that Rule on or
about ____________; or
during the most recent fiscal year did not sell any
securities pursuant to Rule 24f-2 under the Investment
Company Act of 1940, and, pursuant to Rule 24f-2(b)(2), need
not file the Notice.
Copies to:
Thomas J. Donnelly, Esquire Charles H. Morin, Esquire
Houston, Houston & Donnelly Dickstein, Shapiro & Morin,
L.L.P.
2510 Centre City Tower 2101 L Street, N.W.
650 Smithfield Street Washington, D.C. 20037
Pittsburgh, Pennsylvania 15222
CROSS-REFERENCE SHEET
This Amendment to the Registration Statement of Sunburst
Funds, which consists of one portfolio, Sunburst Short-
Intermediate Government Bond Fund, is comprised of the
following:
PART A. INFORMATION REQUIRED IN A PROSPECTUS.
Prospectus Heading
(Rule 404(c) Cross Reference)
Item 1. Cover Page Cover Page.
Item 2. Synopsis Summary of Fund Expenses.
Item 3. Condensed Financial
Information Performance Information.
Item 4. General Description of
Registrant General Information; Investment
Information; Investment
Objectives; Investment
Policies; Investment
Limitations; Debt
Considerations; Duration.
Item 5. Management of the Fund Fund Information; Management of
the Fund; Distribution of Fund
Shares; Administration of the
Fund;.
Item 6. Capital Stock and Other
Securities Dividends and Capital Gains;
Shareholder Information; Voting
Rights; Massachusetts Business
Trusts; Effect of Banking Laws;
Tax Information; Federal Income
Tax.
Item 7. Purchase of Securities Being
Offered Net Asset Value; Investing in
the Fund; Share Purchases;
Minimum Investment Required;
What Shares Cost; Conversion to
Federal Funds; Purchases at Net
Asset Value; Systematic
Investment Program;
Certificates and Confirmations.
Item 8. Redemption or Repurchase Redeeming Shares; Systematic
Withdrawal Program; Accounts
with Low Balances.
Item 9. Pending Legal Proceedings None.
PART B. INFORMATION REQUIRED IN A STATEMENT OF ADDITIONAL
INFORMATION.
Item 10. Cover Page Cover Page.
Item 11. Table of Contents Table of Contents.
Item 12. General Information and
History General Information about the
Fund.
Item 13. Investment Objectives and
Policies Investment Objectives and
Policies; Investment
Limitations.
Item 14. Management of the Fund Sunburst Fund Management.
Item 15. Control Persons and Principal
Holders of Securities Not Applicable.
Item 16. Investment Advisory and Other
Services Investment Advisory Services;
Administrative Services.
Item 17. Brokerage Allocation Brokerage Transactions.
Item 18. Capital Stock and Other
Securities Not Applicable.
Item 19. Purchase, Redemption and
Pricing of Securities
Being Offered Purchasing Shares; Determining
Net Asset Value; Exchanging
Securities for Fund Shares;
Redeeming Shares.
Item 20. Tax Status Tax Status.
Item 21. Underwriters Not Applicable.
Item 22. Calculation of Performance
Data Performance Comparisons.
Item 23. Financial Statements Financial Statements (to be
filed by amendment)
This amendment to the Registration Statement hereby incorporates
by reference, pursuant to Rule 411 under the Securities Act of
1933, Parts A and B of Post-Effective Amendment No. 2 filed
November 4, 1994 in their entirety. (File Nos. 33-49883 and 811-
7073)
PART C. OTHER INFORMATION.
Item 24. Financial Statements and Exhibits:
(a) Financial Statements; (to be filed by amendment)
(b) Exhibits:
(1) Conformed Copy of the Declaration of Trust of
Registrant;(1)
(2) Copy of By-Laws of the Registrant;(1)
(3) Not applicable;
(4) Not applicable;
(5) Form of Investment Advisory Contract of the
Registrant;(4)
(6) (i) Conformed copy of Distributor's
Contract of the Registrant and
conformed copy of Exhibit A to the
Distributor's Contract;(3)
(ii) Conformed copy of Administrative
Agreement;(3)
(7) Not applicable;
(8) Conformed Copy of Custodian Agreement of the
Registrant;(4)
(9) Conformed copy of Transfer Agency and Service
Agreement of the Registrant;(3)
(10) Conformed Copy of Opinion and Consent of
Counsel as to legality of shares being
registered;(2)
(11) Not applicable;
(12) Not applicable;
(13) Conformed Copy of Initial Capital
Understanding;(2)
(14) Not applicable;
(15) (i)Copy of Distribution Plan;(3)
(ii) Copy of Dealer Agreement;(1)
(iii) Copy of 12b-1 Agreement;(1)
(16) Schedule for Computation of Fund
Performance Data;(3)
(17) Copy of Financial Data Schedule;+
(18) Not applicable;
(19) Conformed Copy of Power of Attorney;+
Item 25. Persons Controlled by or Under Common Control with
Registrant
None
+ All exhibits have been filed electronically.
1. Response is incorporated by reference to Registrant's Initial
Registration Statement on Form N-1A filed August 2, 1993.
(File Nos. 33-49883 and 811-7073)
2. Response is incorporated by reference to Registrant's Pre-
Effective
Amendment No.1 on Form N-1A filed October 5, 1993. (File Nos.
33-49883 and 811-7073)
3. Response is incorporated by reference to Registrant's Post-
Effective Amendment No. 1 on Form N-1A filed May 2, 1994.
(File Nos. 33-49883 and 811-7073)
4. Response is incorporated by reference to Registrant's Post-
Effective Amendment No. 2 on Form N-1A filed November 4, 1994
(File Nos. 33-49883 and 811-7073)
Item 26. Number of Holders of Securities:
Number of Record Holders
Title of Class as of December 16, 1994
Shares of beneficial interest 7
no par value
Item 27. Indemnification: (1)
Item 28. Business and Other Connections of Investment Adviser:
(a) Sunburst Bank, Mississippi is a wholly-owned
subsidiary of Grenada Sunburst System Corporation, a
multi-bank holding company headquartered in Grenada,
Mississippi. On or about January 1, 1995, Sunburst
Bank, Mississippi, will be a wholly-owned subsidiary
of Union Planters Corporation ("UPC"), a Tennessee-
chartered corporation, registered as a bank holding
company and a savings and loan holding company. UPC
is the third largest bank headquartered in Tennessee
and operates 233 banking offices in Tennessee,
Mississippi, Alabama, Arkansas and Kentucky. UPC had
total assets of approximately $6.7 billion as of June
30, 1994.
The Officers of the investment adviser are: Benjamin
W. Rawlins, Jr., Chairman, CEO and Director; Jackson
W. Moore, President COO and Director; James A.
Gurley, Executive Vice President; John W. Parker,
Executive Vice President and Chief Financial Officer;
M. Kirk Walters, Senior Vice President, Treasurer,
and Chief Accounting Officer, and J. F. Springfield,
Executive Vice President, Secretary and General
Counsel.
The Directors of the investment adviser are listed
below with their principal occupations: Benjamin W.
Rawlins, Jr., Chairman and CEO, Union Planters
National Bank; Jackson W. Moore, President, and COO,
Union Planters Corporation; Albert M. Austin,
Chairman, Cannon, Austin and Cannon, Inc.; Marvin E.
Bruce, Retired, TBC Corporation; George W. Bryan,
Senior Vice President, Sara Lee Corporation; Robert
B. Colbert, Jr., Retired, Signal Apparel Co., Inc.;
C. J. Lowrance, III, President, Lowrance Brothers &
Co., Inc.; Stanley D. Overton, Vice Chairman, Union
Planters National Bank; Dr. V. Lane Rawlins,
President, Memphis State University; Mike P.
Sturidvant, President, Duc West Gin Co., Inc.; and
Richard A. Trippeer, Jr., President, R. A. Trippeer,
Inc.
Item 29. Principal Underwriters:
(a) Federated Securities Corp., the Distributor for shares
of the Registrant, also acts as principal underwriter
for the following open-end investment companies:
Alexander Hamilton Funds; American Leaders Fund,
Inc.; Annuity Management Series; Arrow Funds;
Automated Cash Management Trust; Automated Government
Money Trust; BayFunds; The Biltmore Funds; The
Biltmore Municipal Funds; California Municipal Cash
Trust; Cash Trust Series, Inc.; Cash Trust Series II;
DG Investor Series; Edward D. Jones & Co. Daily
Passport Cash Trust; Federated ARMs Fund; Federated
Exchange Fund, Ltd.; Federated GNMA Trust; Federated
Government Trust; Federated Growth Trust; Federated
High Yield Trust; Federated Income Securities Trust;
Federated Income Trust; Federated Index Trust;
Federated Institutional Trust; Federated Intermediate
Government Trust; Federated Master Trust; Federated
Municipal Trust; Federated Short-Intermediate
Government Trust; Federated Short-Term U.S.
Government Trust; Federated Stock Trust; Federated
Tax-Free Trust; Federated U.S. Government Bond Fund;
First Priority Funds; First Union Funds; Fixed Income
Securities, Inc.; Fortress Adjustable Rate U.S.
Government Fund, Inc.; Fortress Municipal Income
Fund, Inc.; Fortress Utility Fund, Inc.; Fountain
Square Funds; Fund for U.S. Government Securities,
Inc.; Government Income Securities, Inc.; High Yield
Cash Trust; Independence One Mutual Funds; Insight
Institutional Series, Inc.; Insurance Management
Series; Intermediate Municipal Trust; International
Series Inc.; Investment Series Funds, Inc.;
Investment Series Trust; Liberty Equity Income Fund,
Inc.; Liberty High Income Bond Fund, Inc.; Liberty
Municipal Securities Fund, Inc.; Liberty U.S.
Government Money Market Trust; Liberty Utility Fund,
Inc.; Liquid Cash Trust; Managed Series Trust;
Marshall Funds, Inc.; Money Market Management, Inc.;
The Medalist Funds; Money Market Obligations Trust;
Money Market Trust; The Monitor Funds; Municipal
Securities Income Trust; New York Municipal Cash
Trust; 111 Corcoran Funds; Peachtree Funds; The
Planters Funds; Portage Funds; RIMCO Monument Funds;
The Shawmut Funds; Short-Term Municipal Trust;
SouthTrust Vulcan Funds; Star Funds; The Starburst
Funds; The Starburst Funds II; Stock and Bond Fund,
Inc.; Targeted Duration Trust; Tax-Free Instruments
Trust; Tower Mutual Funds; Trademark Funds; Trust for
Financial Institutions; Trust for Government Cash
Reserves; Trust for Short-Term U.S. Government
Securities; Trust for U.S. Treasury Obligations;
Vision Fiduciary Funds, Inc.; Vision Group of Funds,
Inc.; and World Investment Series, Inc.
Federated Securities Corp. also acts as principal
underwriter for the following closed-end investment
company: Liberty Term Trust, Inc.- 1999.
(b)
(1) (2) (3)
Name and Principal Positions and Offices Positions and
Offices
Business Address With Underwriter With
Registrant
Richard B. Fisher Director, Chairman, Chief Vice
President
Federated Investors Tower Executive Officer, Chief
Pittsburgh, PA 15222-3779 Operating Officer, and
Asst. Treasurer, Federated
Securities Corp.
Edward C. Gonzales Director, Executive Vice President,
Treasurer
Federated Investors Tower President, and Treasurer, and Trustee
Pittsburgh, PA 15222-3779 Federated Securities
Corp.
John W. McGonigle Director, Executive Vice Vice
President and
Federated Investors Tower President, and Assistant Secretary
Pittsburgh, PA 15222-3779 Secretary, Federated
Securities Corp.
John B. Fisher President-Institutional Sales, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James F. Getz President-Broker/Dealer, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark R. Gensheimer Executive Vice President of --
Federated Investors Tower Bank/Trust
Pittsburgh, PA 15222-3779
Mark W. Bloss Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Theodore Fadool, Jr. Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Bryant R. Fisher Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Christopher T. Fives Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James S. Hamilton Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James M. Heaton Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
H. Joseph Kennedy Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Keith Nixon Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Timothy C. Pillion Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard W. Boyd Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jane E. Broeren-Lambesis Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mary J. Combs Vice President, --
Federated Investors Tower Federated
Securities Corp.
Pittsburgh, PA 15222-3779
R. Edmond Connell, Jr. Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Laura M. Deger Vice President, --
Federated Investors Tower Federated
Securities Corp.
Pittsburgh, PA 15222-3779
Jill Ehrenfeld Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark D. Fisher Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael D. Fitzgerald Vice President,
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Joseph D. Gibbons Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David C. Glabicki Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard C. Gonzales Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Newt Heston, III Vice President --
Federated Investors Tower Federated Securities Corp. --
Pittsburgh, PA 15222-3779
Scott A. Hutton Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
William J. Kerns Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
William E. Kugler Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Dennis M. Laffey Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Francis J. Matten, Jr. Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark J. Miehl Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard C. Mihm Vice President,
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
J. Michael Miller Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
R. Jeffrey Niss Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael P. O'Brien Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Robert D. Oehlschlager Vice President,
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Solon A. Person, IV Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Robert F. Phillips Vice President, --
Federated Investors Tower Federated
Securities Corp.
Pittsburgh, PA 15222-3779
Eugene B. Reed Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Paul V. Riordan Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Charles A. Robison Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David W. Spears Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jeffrey A. Stewart Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Thomas E. Territ Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jamie M. Teschner Vice President,
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
William C. Tustin Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard B. Watts Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Charles H. Field Assistant Vice President --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Philip C. Hetzel Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Ernest L. Linane Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
S. Elliott Cohan Secretary, Federated Assistant
Federated Investors Tower Securities Corp. Secretary
Pittsburgh, PA 15222-3779
(c) Not applicable.
Item 30. Location of Accounts and Records:
Sunburst Short-Intermediate Federated Investors
Tower
Government Bond Fund Pittsburgh, PA 15222-3779
Federated Services Company Federated Investors
Tower
Transfer Agent, Dividend Pittsburgh, PA 15222-
3779
Disbursing Agent and
Portfolio Accounting Services
Federated Administrative Services Federated Investors
Tower
Administrator Pittsburgh, PA 15222-3779
Sunburst Bank 2000 Gateway, P.O. Box 947
Adviser Grenada, Mississippi
38901
The Fifth Third Bank 38 Fountain Square Plaza
Custodian Cincinnati, Ohio 45202
Item 31. Management Services: Not applicable.
Item 32. Undertakings:
Registrant hereby undertakes to comply with the
provisions of Section 16(c) of the 1940 Act with respect
to the removal of Trustees and the calling of special
shareholder meetings by shareholders.
Registrant hereby undertakes to furnish each person to
whom a prospectus is delivered with a copy of
Registrant's latest annual report to shareholders, upon
request and without charge.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933
and the Investment Company Act of 1940, the Registrant,
SUNBURST FUNDS, certifies that it meets all of the
requirements for effectiveness of this Amendment to its
Registration Statement pursuant to Rule 485(b) under the
Securities Act of 1933 and has duly caused this Amendment to
its Registration Statement to be signed on its behalf by the
undersigned, thereto duly authorized, in the City of
Pittsburgh and Commonwealth of Pennsylvania, on the 29th day
of December, 1994.
SUNBURST FUNDS
BY: /s/Victor R. Siclari
Victor R. Siclari, Assistant Secretary
Attorney in Fact for John F. Donahue
December 29, 1994
Pursuant to the requirements of the Securities Act of 1933,
this Amendment to its Registration Statement has been signed
below by the following person in the capacity and on the date
indicated:
NAME TITLE
DATE
By: /s/Victor R. Siclari
Victor R. Siclari Attorney In Fact December 29,
1994
ASSISTANT SECRETARY For the Persons
Listed Below
NAME TITLE
John F. Donahue* Chairman and Trustee
(Chief Executive Officer)
Edward C. Gonzales* President, Treasurer and
Trustee (Principal Financial
and Accounting Officer)
Thomas G. Bigley* Trustee
John T. Conroy, Jr.* Trustee
William J. Copeland* Trustee
James E. Dowd* Trustee
Lawrence D. Ellis, M.D.* Trustee
Edward L. Flaherty, Jr.* Trustee
Peter E. Madden* Trustee
Gregor F. Meyer* Trustee
Wesley W. Posvar* Trustee
Marjorie P. Smuts* Trustee
* By Power of Attorney
Exhibit 19 under Form N-1A
Exhibit 24 under Item 601/Reg. S-K
POWER OF ATTORNEY
Each person whose signature appears below hereby
constitutes and appoints the Secretary and Assistant Secretary
of Sunburst Funds and the Assistant General
Counsel of Federated Investors, and each of them, their true
and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for them and in their names,
place and stead, in any and all capacities, to sign any and
all documents to be filed with the Securities and Exchange
Commission pursuant to the Securities Act of 1933, the
Securities Exchange Act of 1934 and the Investment Company Act
of 1940, by means of the Securities and Exchange Commission's
electronic disclosure system known as EDGAR; and to file the
same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents,
and each of them, full power and authority to sign and perform
each and every act and thing requisite and necessary to be
done in connection therewith, as fully to all intents and
purposes as each of them might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and
agents, or any of them, or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue
thereof.
SIGNATURES TITLE DATE
/s/ John F. Donahue Chairman and Trustee December 28,
1994
John F. Donahue (Chief Executive Officer)
/s/ E. C. Gonzales President and Treasurer and
December 28, 1994
Edward C. Gonzales Trustee (Principal Financial and
Accounting Officer)
/s/ T. G. Bigley Trustee December 28,
1994 Thomas G. Bigley
/s/ J. T. Conroy, Jr. Trustee December 28,
1994
John T. Conroy, Jr.
/s/ William J. Copeland Trustee
December 28, 1994
William J. Copeland
SIGNATURES TITLE DATE
/s/ James E. Dowd Trustee December 28,
1994
James E. Dowd
/s/ Lawrence D. Ellis, M.D. Trustee
December 28, 1994
Lawrence D. Ellis, M.D.
/s/ Edward L. Flaherty, Jr. Trustee
December 28, 1994
Edward L. Flaherty, Jr.
/s/ Peter E. Madden Trustee December 28,
1994
Peter E. Madden
/s/ Gregor F. Meyer Trustee December 28,
1994
Gregor F. Meyer
/s/ Wesley W. Posvar Trustee December 28,
1994
Wesley W. Posvar
/s/ Marjorie P. Smuts Trustee December 28,
1994
Marjorie P. Smuts
Sworn to and subscribed before me this 28th day of
December , 1994
(SEAL)
/s/ Marie M. Hamm
Notary Public
Notarial Seal
Marie M. Hamm, Notary Public
Plum Boro, Allegheny County
My Commission Expires Sept.
16, 1996
Member, Pennsylvania
Association of Notaries
<TABLE> <S> <C>
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<NUMBER> 1
<NAME> SUNBURST SHORT INTER. GOVERNMENT BOND FUND
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 12,687,814
<INVESTMENTS-AT-VALUE> 12,061,731
<RECEIVABLES> 311,442
<ASSETS-OTHER> 10,994
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,384,167
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,655
<TOTAL-LIABILITIES> 88,655
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,941,535
<SHARES-COMMON-STOCK> 1,300,899
<SHARES-COMMON-PRIOR> 10,000
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19,940)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 12,295,512
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<INTEREST-INCOME> 513,942
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<EXPENSES-NET> 95,214
<NET-INVESTMENT-INCOME> 418,728
<REALIZED-GAINS-CURRENT> (19,940)
<APPREC-INCREASE-CURRENT> (626,083)
<NET-CHANGE-FROM-OPS> (227,295)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 418,728
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,700,669
<NUMBER-OF-SHARES-REDEEMED> 415,717
<SHARES-REINVESTED> 5,947
<NET-CHANGE-IN-ASSETS> 12,195,512
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 74,167
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 272,231
<AVERAGE-NET-ASSETS> 11,061,424
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> .350
<PER-SHARE-GAIN-APPREC> (.550)
<PER-SHARE-DIVIDEND> .350
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.450
<EXPENSE-RATIO> 95
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<AVG-DEBT-PER-SHARE> .000
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