<PAGE> PAGE 1
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002 D020000 3779
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007 C020100 SUNBURST SHORT-INTERMEDIATE GOV'T BOND FUND
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007 C010700 7
007 C010800 8
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008 A00AA01 SUNBURST BANK, MISSISSIPPI
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010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
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010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
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011 C01AA01 PITTSBURGH
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011 C03AA01 15222
<PAGE> PAGE 2
011 C04AA01 3779
012 A00AA01 FEDERATED SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
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012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
015 A00AA01 THE FIFTH THIRD BANK
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45202
015 E01AA01 X
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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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080 A00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 B00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE> PAGE 9
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SIGNATURE S.ELLIOTT COHAN
TITLE ASST.GEN.COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<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
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<PAYABLE-FOR-SECURITIES> 0
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<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
<ACCUM-APPREC-OR-DEPREC> (626,083)
<NET-ASSETS> 12,295,512
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 513,942
<OTHER-INCOME> 0
<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
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
