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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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SIGNATURE GUY NORDAHL
TITLE MANAGER
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 1
[NAME] GROWTH + VALUE FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 43370003
[INVESTMENTS-AT-VALUE] 43600125
[RECEIVABLES] 1996904
[ASSETS-OTHER] 36944
[OTHER-ITEMS-ASSETS] 2169733
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[OTHER-ITEMS-LIABILITIES] 220891
[TOTAL-LIABILITIES] 1648321
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 47879435
[SHARES-COMMON-STOCK] 0
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[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (97848)
[ACCUMULATED-NET-GAINS] (1856324)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 230122
[NET-ASSETS] 46155385
[DIVIDEND-INCOME] 83757
[INTEREST-INCOME] 43005
[OTHER-INCOME] 0
[EXPENSES-NET] 224610
[NET-INVESTMENT-INCOME] (97848)
[REALIZED-GAINS-CURRENT] (1856324)
[APPREC-INCREASE-CURRENT] 230122
[NET-CHANGE-FROM-OPS] (1724050)
[EQUALIZATION] 0
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[NUMBER-OF-SHARES-SOLD] 14668764
[NUMBER-OF-SHARES-REDEEMED] (56501)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 46155385
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 96035
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[PER-SHARE-NII] (.01)
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[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 2
[NAME] GROWTH + VALUE FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 43370003
[INVESTMENTS-AT-VALUE] 43600125
[RECEIVABLES] 1996904
[ASSETS-OTHER] 36944
[OTHER-ITEMS-ASSETS] 2169733
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[PAYABLE-FOR-SECURITIES] 1427430
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 220891
[TOTAL-LIABILITIES] 1648321
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 47879435
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (97848)
[ACCUMULATED-NET-GAINS] (1856324)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 230122
[NET-ASSETS] 46155385
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[OTHER-INCOME] 0
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[NET-INVESTMENT-INCOME] (97848)
[REALIZED-GAINS-CURRENT] (1856324)
[APPREC-INCREASE-CURRENT] 230122
[NET-CHANGE-FROM-OPS] (1724050)
[EQUALIZATION] 0
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[NUMBER-OF-SHARES-REDEEMED] (50590)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 46155385
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[GROSS-EXPENSE] 235135
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[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (.02)
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</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 3
[NAME] GROWTH + VALUE FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 43370003
[INVESTMENTS-AT-VALUE] 43600125
[RECEIVABLES] 1996904
[ASSETS-OTHER] 36944
[OTHER-ITEMS-ASSETS] 2169733
[TOTAL-ASSETS] 47803706
[PAYABLE-FOR-SECURITIES] 1427430
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 220891
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[OVERDISTRIBUTION-NII] (97848)
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[NET-ASSETS] 46155385
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[NET-INVESTMENT-INCOME] (97848)
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[NUMBER-OF-SHARES-REDEEMED] (20111)
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[NET-CHANGE-IN-ASSETS] 46155385
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 96035
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 235135
[AVERAGE-NET-ASSETS] 21504801
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (.02)
[PER-SHARE-GAIN-APPREC] (.60)
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[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.38
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 1
[NAME] INTERNATIONAL VALUE FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 35669920
[INVESTMENTS-AT-VALUE] 40179896
[RECEIVABLES] 1446457
[ASSETS-OTHER] 59722
[OTHER-ITEMS-ASSETS] 2524389
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[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 213632
[TOTAL-LIABILITIES] 213632
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 38014143
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
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[OVERDISTRIBUTION-NII] (53212)
[ACCUMULATED-NET-GAINS] 1534642
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 4501259
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[DIVIDEND-INCOME] 359404
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[EXPENSES-NET] 419541
[NET-INVESTMENT-INCOME] (2891)
[REALIZED-GAINS-CURRENT] 1246438
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[DISTRIBUTIONS-OF-INCOME] (262842)
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[NUMBER-OF-SHARES-REDEEMED] (519573)
[SHARES-REINVESTED] 65938
[NET-CHANGE-IN-ASSETS] 12689936
[ACCUMULATED-NII-PRIOR] 286879
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[RETURNS-OF-CAPITAL] 0
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</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 2
[NAME] INTERNATIONAL VALUE FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 35669920
[INVESTMENTS-AT-VALUE] 40179896
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[EXPENSES-NET] 419541
[NET-INVESTMENT-INCOME] (2891)
[REALIZED-GAINS-CURRENT] 1246438
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[NET-CHANGE-IN-ASSETS] 12689936
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</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 3
[NAME] INTERNATIONAL VALUE FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 35669920
[INVESTMENTS-AT-VALUE] 40179896
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</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR INCOME AND GROWTH FUND CLASS A
[SERIES]
[NUMBER] 001
[NAME] APR-30-1997
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 157889838
[INVESTMENTS-AT-VALUE] 178883639
[RECEIVABLES] 578630
[ASSETS-OTHER] 27575
[OTHER-ITEMS-ASSETS] 8334698
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[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 423603
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[ACCUMULATED-NET-GAINS] 5465330
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 20993801
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[DIVIDEND-INCOME] 2795049
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[EXPENSES-NET] 2007005
[NET-INVESTMENT-INCOME] 2486669
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[APPREC-INCREASE-CURRENT] 6800567
[NET-CHANGE-FROM-OPS] 14871885
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1064097)
[DISTRIBUTIONS-OF-GAINS] (8497954)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 801043
[NUMBER-OF-SHARES-REDEEMED] (3773391)
[SHARES-REINVESTED] 514663
[NET-CHANGE-IN-ASSETS] (29429863)
[ACCUMULATED-NII-PRIOR] 143023
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[PER-SHARE-NAV-END] 11.56
[EXPENSE-RATIO] 1.52
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[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR INCOME AND GROWTH FUND CLASS B
[SERIES]
[NUMBER] 001
[NAME] APR-30-1997
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 157889838
[INVESTMENTS-AT-VALUE] 178883639
[RECEIVABLES] 578630
[ASSETS-OTHER] 27575
[OTHER-ITEMS-ASSETS] 8334698
[TOTAL-ASSETS] 187824542
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 423603
[TOTAL-LIABILITIES] 423603
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 160836340
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 105468
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5465330
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 20993801
[NET-ASSETS] 187400939
[DIVIDEND-INCOME] 2795049
[INTEREST-INCOME] 1698625
[OTHER-INCOME] 0
[EXPENSES-NET] 2007005
[NET-INVESTMENT-INCOME] 2486669
[REALIZED-GAINS-CURRENT] 5584649
[APPREC-INCREASE-CURRENT] 6800567
[NET-CHANGE-FROM-OPS] 14871885
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (776393)
[DISTRIBUTIONS-OF-GAINS] (7325468)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 556576
[NUMBER-OF-SHARES-REDEEMED] (629841)
[SHARES-REINVESTED] 443893
[NET-CHANGE-IN-ASSETS] (29429863)
[ACCUMULATED-NII-PRIOR] 143023
[ACCUMULATED-GAINS-PRIOR] 21968835
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 763965
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2007005
[AVERAGE-NET-ASSETS] 73276200
[PER-SHARE-NAV-BEGIN] 12.13
[PER-SHARE-NII] 0.26
[PER-SHARE-GAIN-APPREC] 0.54
[PER-SHARE-DIVIDEND] (0.13)
[PER-SHARE-DISTRIBUTIONS] (1.26)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.54
[EXPENSE-RATIO] 2.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR INCOME AND GROWTH FUND CLASS C
[SERIES]
[NUMBER] 001
[NAME] APR-30-1997
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 157889838
[INVESTMENTS-AT-VALUE] 178883639
[RECEIVABLES] 578630
[ASSETS-OTHER] 27575
[OTHER-ITEMS-ASSETS] 8334698
[TOTAL-ASSETS] 187824542
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 423603
[TOTAL-LIABILITIES] 423603
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 160836340
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 105468
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5465330
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 20993801
[NET-ASSETS] 187400939
[DIVIDEND-INCOME] 2795049
[INTEREST-INCOME] 1698625
[OTHER-INCOME] 0
[EXPENSES-NET] 2007005
[NET-INVESTMENT-INCOME] 2486669
[REALIZED-GAINS-CURRENT] 5584649
[APPREC-INCREASE-CURRENT] 6800567
[NET-CHANGE-FROM-OPS] 14871885
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (683734)
[DISTRIBUTIONS-OF-GAINS] (6264732)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 146833
[NUMBER-OF-SHARES-REDEEMED] (286718)
[SHARES-REINVESTED] 596927
[NET-CHANGE-IN-ASSETS] (29429863)
[ACCUMULATED-NII-PRIOR] 143023
[ACCUMULATED-GAINS-PRIOR] 21968835
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 763965
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2007005
[AVERAGE-NET-ASSETS] 63348503
[PER-SHARE-NAV-BEGIN] 12.12
[PER-SHARE-NII] 0.26
[PER-SHARE-GAIN-APPREC] 0.54
[PER-SHARE-DIVIDEND] (0.13)
[PER-SHARE-DISTRIBUTIONS] (1.26)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 2.18
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 1
[NAME] NORTHSTAR HIGH TOTAL RETURN CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 726984201
[INVESTMENTS-AT-VALUE] 712531523
[RECEIVABLES] 26866041
[ASSETS-OTHER] 93911976
[OTHER-ITEMS-ASSETS] 45148
[TOTAL-ASSETS] 833354688
[PAYABLE-FOR-SECURITIES] 16224653
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2849316
[TOTAL-LIABILITIES] 19073969
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 828767519
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (1797598)
[ACCUMULATED-NET-GAINS] 1763476
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (14452678)
[NET-ASSETS] 814280719
[DIVIDEND-INCOME] 1676452
[INTEREST-INCOME] 36240112
[OTHER-INCOME] 0
[EXPENSES-NET] 6847028
[NET-INVESTMENT-INCOME] 31069536
[REALIZED-GAINS-CURRENT] 1092653
[APPREC-INCREASE-CURRENT] (23537786)
[NET-CHANGE-FROM-OPS] 8624403
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (9270401)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 12079286
[NUMBER-OF-SHARES-REDEEMED] (4292155)
[SHARES-REINVESTED] 859015
[NET-CHANGE-IN-ASSETS] 245281543
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 670823
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2418397
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6847028
[AVERAGE-NET-ASSETS] 186912469
[PER-SHARE-NAV-BEGIN] 4.78
[PER-SHARE-NII] .24
[PER-SHARE-GAIN-APPREC] (.15)
[PER-SHARE-DIVIDEND] (.23)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 4.64
[EXPENSE-RATIO] 1.47
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 2
[NAME] NORTHSTAR HIGH TOTAL RETURN CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 726984201
[INVESTMENTS-AT-VALUE] 712531523
[RECEIVABLES] 26866041
[ASSETS-OTHER] 93911976
[OTHER-ITEMS-ASSETS] 45148
[TOTAL-ASSETS] 833354688
[PAYABLE-FOR-SECURITIES] 16224653
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2849316
[TOTAL-LIABILITIES] 19073969
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 828767519
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (1797598)
[ACCUMULATED-NET-GAINS] 1763476
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (14452678)
[NET-ASSETS] 814280719
[DIVIDEND-INCOME] 1676452
[INTEREST-INCOME] 36240112
[OTHER-INCOME] 0
[EXPENSES-NET] 6847028
[NET-INVESTMENT-INCOME] 31069536
[REALIZED-GAINS-CURRENT] 1092653
[APPREC-INCREASE-CURRENT] (23537786)
[NET-CHANGE-FROM-OPS] 8624403
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (20234497)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 42162283
[NUMBER-OF-SHARES-REDEEMED] (3626381)
[SHARES-REINVESTED] 1214027
[NET-CHANGE-IN-ASSETS] 245281543
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 670823
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2418397
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6847028
[AVERAGE-NET-ASSETS] 434439380
[PER-SHARE-NAV-BEGIN] 4.77
[PER-SHARE-NII] .23
[PER-SHARE-GAIN-APPREC] (.14)
[PER-SHARE-DIVIDEND] (.22)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 4.64
[EXPENSE-RATIO] 2.18
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 3
[NAME] NORTHSTAR HIGH TOTAL RETURN CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 726984201
[INVESTMENTS-AT-VALUE] 712531523
[RECEIVABLES] 26866041
[ASSETS-OTHER] 93911976
[OTHER-ITEMS-ASSETS] 45148
[TOTAL-ASSETS] 833354688
[PAYABLE-FOR-SECURITIES] 16224653
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2849316
[TOTAL-LIABILITIES] 19073969
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 828767519
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (1797598)
[ACCUMULATED-NET-GAINS] 1763476
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (14452678)
[NET-ASSETS] 814280719
[DIVIDEND-INCOME] 1676452
[INTEREST-INCOME] 36240112
[OTHER-INCOME] 0
[EXPENSES-NET] 6847028
[NET-INVESTMENT-INCOME] 31069536
[REALIZED-GAINS-CURRENT] 1092653
[APPREC-INCREASE-CURRENT] (23537786)
[NET-CHANGE-FROM-OPS] 8624403
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (3362236)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9075049
[NUMBER-OF-SHARES-REDEEMED] (1460419)
[SHARES-REINVESTED] 201823
[NET-CHANGE-IN-ASSETS] 245281543
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 670823
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2418397
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6847028
[AVERAGE-NET-ASSETS] 186912469
[PER-SHARE-NAV-BEGIN] 4.79
[PER-SHARE-NII] .23
[PER-SHARE-GAIN-APPREC] (.14)
[PER-SHARE-DIVIDEND] (.22)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 4.66
[EXPENSE-RATIO] 2.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 1
[NAME] HIGH TOTAL RETURN II FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 99901
[INVESTMENTS-AT-VALUE] 97403
[RECEIVABLES] 1694
[ASSETS-OTHER] 2442
[OTHER-ITEMS-ASSETS] 1038
[TOTAL-ASSETS] 102577
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3027
[TOTAL-LIABILITIES] 3027
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 101271
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 224
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 553
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2498)
[NET-ASSETS] 99550
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1856
[OTHER-INCOME] 0
[EXPENSES-NET] 361
[NET-INVESTMENT-INCOME] 1495
[REALIZED-GAINS-CURRENT] 553
[APPREC-INCREASE-CURRENT] (2498)
[NET-CHANGE-FROM-OPS] (450)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1249)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 19600
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 252
[NET-CHANGE-IN-ASSETS] 99550
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 177
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4846
[AVERAGE-NET-ASSETS] 95980
[PER-SHARE-NAV-BEGIN] 5.00
[PER-SHARE-NII] .07
[PER-SHARE-GAIN-APPREC] (.10)
[PER-SHARE-DIVIDEND] (.06)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 4.91
[EXPENSE-RATIO] 1.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 2
[NAME] HIGH TOTAL RETURN II FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 99901
[INVESTMENTS-AT-VALUE] 97403
[RECEIVABLES] 1694
[ASSETS-OTHER] 2442
[OTHER-ITEMS-ASSETS] 1038
[TOTAL-ASSETS] 102577
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3027
[TOTAL-LIABILITIES] 3027
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 101271
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 224
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 553
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2498)
[NET-ASSETS] 99550
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1856
[OTHER-INCOME] 0
[EXPENSES-NET] 361
[NET-INVESTMENT-INCOME] 1495
[REALIZED-GAINS-CURRENT] 553
[APPREC-INCREASE-CURRENT] (2498)
[NET-CHANGE-FROM-OPS] (450)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (11)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 200
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 2
[NET-CHANGE-IN-ASSETS] 99550
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 177
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4846
[AVERAGE-NET-ASSETS] 95980
[PER-SHARE-NAV-BEGIN] 5.00
[PER-SHARE-NII] .07
[PER-SHARE-GAIN-APPREC] (.11)
[PER-SHARE-DIVIDEND] (.04)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 4.91
[EXPENSE-RATIO] 2.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000911294
[NAME] NORTHSTAR TRUST
[SERIES]
[NUMBER] 3
[NAME] HIGH TOTAL RETURN II FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1997
[PERIOD-START] NOV-01-1996
[PERIOD-END] APR-30-1997
[INVESTMENTS-AT-COST] 99901
[INVESTMENTS-AT-VALUE] 97403
[RECEIVABLES] 1694
[ASSETS-OTHER] 2442
[OTHER-ITEMS-ASSETS] 1038
[TOTAL-ASSETS] 102577
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3027
[TOTAL-LIABILITIES] 3027
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 101271
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 224
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 553
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2498)
[NET-ASSETS] 99550
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1856
[OTHER-INCOME] 0
[EXPENSES-NET] 361
[NET-INVESTMENT-INCOME] 1495
[REALIZED-GAINS-CURRENT] 553
[APPREC-INCREASE-CURRENT] (2498)
[NET-CHANGE-FROM-OPS] (450)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 200
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 2
[NET-CHANGE-IN-ASSETS] 99550
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 177
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4846
[AVERAGE-NET-ASSETS] 95980
[PER-SHARE-NAV-BEGIN] 5.00
[PER-SHARE-NII] .07
[PER-SHARE-GAIN-APPREC] (.11)
[PER-SHARE-DIVIDEND] (.04)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 4.91
[EXPENSE-RATIO] 2.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
Acquisition
At the close of business on April 18, 1997 (the "Closing"), the
Northstar International Value Fund ("International Value Fund") acquired
the net assets of the Brandes International Fund, pursuant to an Agreement
of Reorganization dated February 4, 1997. In accordance with the agreement,
the International Value Fund, at the closing, issued 4,152,725 shares of the
International Value Fund having an aggregate value of $41,569,860 which
included unrealized appreciation on investments of $4,321,823. As a result,
the International Value Fund issued 1.637 shares for each Brandes
International Fund Class A and 1.643 shares for each Brandes International
Fund Class C share. The transaction was structured for tax purposes to
qualify as a tax-free reorganization under the Internal Revenue Code.
Directly after the merger the combined net assets in the International Value
Fund were $41,569,860 with a net asset value of $10.00 for Class A and Class
C shares.
