CENTURA FUNDS INC
NSAR-A, 1996-12-30
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<PAGE>      PAGE  1
000 A000000 10/31/96
000 C000000 0000919706
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CENTUTA FUNDS, INC.
001 B000000 811-8384
001 C000000 2128083512
002 A000000 237 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10017
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 EQUITY GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 FEDERAL SECURITIES INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 NORTH CAROLINA TAX FREE INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 EQUITY INCOME FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 CENTURA BANK
008 B00AA01 A
008 C00AA01 801-00000
008 D01AA01 ROCKY MOUNT
008 D02AA01 NC
008 D03AA01 27801
010 A00AA01 FURMAN SELZ LLC
010 B00AA01 8-17741
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10017
<PAGE>      PAGE  2
011 A00AA01 CENTURA FUND DISTRIBUTOR
011 B00AA01 8-46967
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10017
012 A00AA01 FURMAN SELZ LLC
012 B00AA01 84-5417
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10017
013 A00AA01 MCGLADREY & PULLEN
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 CENTURA SECURITIES INC
014 B00AA01 8-47036
015 A00AA01 CENTURA BANK
015 B00AA01 C
015 C01AA01 ROCKY MOUNT
015 C02AA01 NC
015 C03AA01 27802
015 E03AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    4
019 C00AA00 CENTURAFUN
020 A000001 PRUDENTIAL SECURITIES
020 B000001 22-2347336
020 C000001     54
020 A000002 INTERSTATE/JOHNSON LANE
020 B000002 56-0276690
020 C000002     28
020 A000003 OPPENHEIMER
020 B000003 13-2798343
020 C000003     17
020 A000004 MORGAN STANLEY & CO
020 B000004 13-2655998
020 C000004     16
020 A000005 SMITH BARNEY
020 B000005 13-1912900
020 C000005      6
020 A000006 MERRILL LYNCH
020 B000006 13-5674085
020 C000006      6
020 A000007 ROBINSON HUMPHREY
020 B000007 13-2518466
020 C000007      2
020 C000008      0
020 C000009      0
020 C000010      0
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<PAGE>      PAGE  3
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001     46224
022 D000001     49202
022 A000002 PNC INVESTMENT CO
022 B000002 25-1471636
022 C000002     43817
022 D000002     42014
022 A000003 G.X. CLARKE
022 B000003 13-2969143
022 C000003     13908
022 D000003         0
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022 A000008 HSBC SECURITIES
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022 C000008      4940
022 D000008         0
022 A000009 FIRST WINSTON
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022 A000010 PRUDENTIAL
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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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054 C000200 N
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 N
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<PAGE>      PAGE  11
054 J000200 Y
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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
054 O000300 N
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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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035  000400      0
036 A000400 N
036 B000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 Y
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400  56
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400  44
043  000400      0
044  000400      0
045  000400 Y
<PAGE>      PAGE  20
046  000400 N
047  000400 Y
048  000400  0.700
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
054 A000400 Y
054 B000400 N
054 C000400 N
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 N
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 N
054 M000400 N
054 N000400 N
054 O000400 N
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
<PAGE>      PAGE  21
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     1000
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 Y
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
<PAGE>      PAGE  22
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400      1786
071 B000400       147
071 C000400      2100
071 D000400    7
072 A000400  1
072 B000400       97
072 C000400       27
072 D000400        0
072 E000400        0
072 F000400       29
072 G000400        6
072 H000400        0
072 I000400        0
072 J000400        2
072 K000400        0
072 L000400        0
072 M000400        0
072 N000400        3
072 O000400        0
072 P000400        0
072 Q000400        3
072 R000400        1
072 S000400        1
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        3
072 X000400       48
072 Y000400       17
072 Z000400       93
<PAGE>      PAGE  23
072AA000400      103
072BB000400        0
072CC010400      899
072CC020400        0
072DD010400        0
072DD020400       92
072EE000400        0
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400     5925
074 D000400        0
074 E000400        0
074 F000400    45473
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400      254
074 M000400        0
074 N000400    51652
074 O000400        0
074 P000400      432
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       12
074 S000400        0
074 T000400    51208
074 U010400       11
074 U020400     5007
074 V010400     0.00
074 V020400     0.00
074 W000400   0.0000
074 X000400      571
074 Y000400        0
075 A000400        0
075 B000400    50709
076  000400     0.00
SIGNATURE   JOHN J. PILEGGI                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 011
   <NAME> CENTURA EQUITY GROWTH FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           133852
<INVESTMENTS-AT-VALUE>                          167873
<RECEIVABLES>                                      503
<ASSETS-OTHER>                                      24
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  168400
<PAYABLE-FOR-SECURITIES>                          4140
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          649
<TOTAL-LIABILITIES>                               4789
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        123209
<SHARES-COMMON-STOCK>                              495
<SHARES-COMMON-PRIOR>                              401
<ACCUMULATED-NII-CURRENT>                         (15)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           6396
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         34021
<NET-ASSETS>                                    163612
<DIVIDEND-INCOME>                                  836
<INTEREST-INCOME>                                  351
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     781
<NET-INVESTMENT-INCOME>                            405
<REALIZED-GAINS-CURRENT>                          3471
<APPREC-INCREASE-CURRENT>                       (3230)
<NET-CHANGE-FROM-OPS>                              646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           11
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            111
<NUMBER-OF-SHARES-REDEEMED>                         18
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                           17963
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         2926
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              525
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    781
<AVERAGE-NET-ASSETS>                              6392
<PER-SHARE-NAV-BEGIN>                            14.31
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (0.03)
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.28
<EXPENSE-RATIO>                                   1.24
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 012
   <NAME> CENTURA EQUITY GROWTH FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           133852
<INVESTMENTS-AT-VALUE>                          167873
<RECEIVABLES>                                      503
<ASSETS-OTHER>                                      24
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  168400
<PAYABLE-FOR-SECURITIES>                          4140
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          649
<TOTAL-LIABILITIES>                               4789
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        123209
<SHARES-COMMON-STOCK>                              561
<SHARES-COMMON-PRIOR>                              435
<ACCUMULATED-NII-CURRENT>                         (15)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           6396
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         34021
<NET-ASSETS>                                    163612
<DIVIDEND-INCOME>                                  836
<INTEREST-INCOME>                                  351
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     781
<NET-INVESTMENT-INCOME>                            405
<REALIZED-GAINS-CURRENT>                          3471
<APPREC-INCREASE-CURRENT>                       (3230)
<NET-CHANGE-FROM-OPS>                              646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            138
<NUMBER-OF-SHARES-REDEEMED>                         12
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           17963
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         2926
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              525
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    781
<AVERAGE-NET-ASSETS>                              7045
<PER-SHARE-NAV-BEGIN>                            14.24
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                         (0.05)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.19
<EXPENSE-RATIO>                                   1.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 013
   <NAME> CENTURA EQUITY GROWTH FUND CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           133852
<INVESTMENTS-AT-VALUE>                          167873
<RECEIVABLES>                                      503
<ASSETS-OTHER>                                      24
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  168400
<PAYABLE-FOR-SECURITIES>                          4140
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          649
<TOTAL-LIABILITIES>                               4789
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        123209
<SHARES-COMMON-STOCK>                            10404
<SHARES-COMMON-PRIOR>                             9344
<ACCUMULATED-NII-CURRENT>                         (15)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           6396
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         34021
<NET-ASSETS>                                    163612
<DIVIDEND-INCOME>                                  836
<INTEREST-INCOME>                                  351
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     781
<NET-INVESTMENT-INCOME>                            405
<REALIZED-GAINS-CURRENT>                          3471
<APPREC-INCREASE-CURRENT>                       (3230)
<NET-CHANGE-FROM-OPS>                              646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          409
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2792
<NUMBER-OF-SHARES-REDEEMED>                        752
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           17963
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         2926
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              525
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    781
<AVERAGE-NET-ASSETS>                            135366
<PER-SHARE-NAV-BEGIN>                            14.31
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                         (0.03)
<PER-SHARE-DIVIDEND>                              0.04
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.28
<EXPENSE-RATIO>                                   0.98
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 021
   <NAME> CENTURA FEDERAL SECURITIES INCOME FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           118665
<INVESTMENTS-AT-VALUE>                          120232
<RECEIVABLES>                                     2465
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  122705
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          396
<TOTAL-LIABILITIES>                                396
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        120916
<SHARES-COMMON-STOCK>                               54
<SHARES-COMMON-PRIOR>                               53
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (174)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1567
<NET-ASSETS>                                    122309
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 3751
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     323
<NET-INVESTMENT-INCOME>                           3428
<REALIZED-GAINS-CURRENT>                         (450)
<APPREC-INCREASE-CURRENT>                         1627
<NET-CHANGE-FROM-OPS>                             4605
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           15
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              6
<NUMBER-OF-SHARES-REDEEMED>                          6
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                          122309
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           39
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              175
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    323
<AVERAGE-NET-ASSETS>                               549
<PER-SHARE-NAV-BEGIN>                            10.01
<PER-SHARE-NII>                                   0.28
<PER-SHARE-GAIN-APPREC>                           0.09
<PER-SHARE-DIVIDEND>                              0.28
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.10
<EXPENSE-RATIO>                                   0.73
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 022
   <NAME> CENTURA FEDERAL SECURITIES INCOME FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           118665
<INVESTMENTS-AT-VALUE>                          120232
<RECEIVABLES>                                     2465
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  122705
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          396
<TOTAL-LIABILITIES>                                396
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        120916
<SHARES-COMMON-STOCK>                               20
<SHARES-COMMON-PRIOR>                               18
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (174)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1567
<NET-ASSETS>                                    122309
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 3751
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     323
<NET-INVESTMENT-INCOME>                           3428
<REALIZED-GAINS-CURRENT>                         (450)
<APPREC-INCREASE-CURRENT>                         1627
<NET-CHANGE-FROM-OPS>                             4605
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            5
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              3
<NUMBER-OF-SHARES-REDEEMED>                          1
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          122309
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           39
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              175
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    323
<AVERAGE-NET-ASSETS>                               190
<PER-SHARE-NAV-BEGIN>                            10.01
<PER-SHARE-NII>                                   0.25
<PER-SHARE-GAIN-APPREC>                           0.09
<PER-SHARE-DIVIDEND>                              0.25
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.10
<EXPENSE-RATIO>                                   1.39
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 023
   <NAME> CENTURA FEDERAL SECURITIES INCOME FUND CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           118665
<INVESTMENTS-AT-VALUE>                          120232
<RECEIVABLES>                                     2465
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  122705
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          396
<TOTAL-LIABILITIES>                                396
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        120916
<SHARES-COMMON-STOCK>                            12030
<SHARES-COMMON-PRIOR>                            10970
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (174)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1567
<NET-ASSETS>                                    122309
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 3751
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     323
<NET-INVESTMENT-INCOME>                           3428
<REALIZED-GAINS-CURRENT>                         (450)
<APPREC-INCREASE-CURRENT>                         1627
<NET-CHANGE-FROM-OPS>                             4605
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         3408
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1639
<NUMBER-OF-SHARES-REDEEMED>                        793
<SHARES-REINVESTED>                                214
<NET-CHANGE-IN-ASSETS>                          122309
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           39
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              175
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    323
<AVERAGE-NET-ASSETS>                            114818
<PER-SHARE-NAV-BEGIN>                            10.01
<PER-SHARE-NII>                                   0.30
<PER-SHARE-GAIN-APPREC>                           0.09
<PER-SHARE-DIVIDEND>                              0.30
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.10
<EXPENSE-RATIO>                                   0.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 031
   <NAME> CENTURA NORTH CAROLINA TAX FREE BOND FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                            39390
<INVESTMENTS-AT-VALUE>                           39815
<RECEIVABLES>                                     1322
<ASSETS-OTHER>                                      23
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   41161
<PAYABLE-FOR-SECURITIES>                          1007
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          178
<TOTAL-LIABILITIES>                               1185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         39402
<SHARES-COMMON-STOCK>                              381
<SHARES-COMMON-PRIOR>                              391
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            149
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           425
<NET-ASSETS>                                     39976
<DIVIDEND-INCOME>                                 1012
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      98
<NET-INVESTMENT-INCOME>                            915
<REALIZED-GAINS-CURRENT>                         (213)
<APPREC-INCREASE-CURRENT>                          514
<NET-CHANGE-FROM-OPS>                             1216
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           81
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              4
<NUMBER-OF-SHARES-REDEEMED>                         23
<SHARES-REINVESTED>                                  8
<NET-CHANGE-IN-ASSETS>                          (1353)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          362
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               72
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    166
<AVERAGE-NET-ASSETS>                              3824
<PER-SHARE-NAV-BEGIN>                            10.04
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                           0.07
<PER-SHARE-DIVIDEND>                              0.23
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.11
<EXPENSE-RATIO>                                   0.69
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 032
   <NAME> CENTURA NORTH CAROLINA TAX FREE BOND FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                            39390
<INVESTMENTS-AT-VALUE>                           39815
<RECEIVABLES>                                     1322
<ASSETS-OTHER>                                      23
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   41161
<PAYABLE-FOR-SECURITIES>                          1007
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          178
<TOTAL-LIABILITIES>                               1185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         39402
<SHARES-COMMON-STOCK>                               42
<SHARES-COMMON-PRIOR>                               39
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            149
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           425
<NET-ASSETS>                                     39976
<DIVIDEND-INCOME>                                 1012
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      98
<NET-INVESTMENT-INCOME>                            915
<REALIZED-GAINS-CURRENT>                         (213)
<APPREC-INCREASE-CURRENT>                          514
<NET-CHANGE-FROM-OPS>                             1216
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            7
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              3
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                          (1353)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          362
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               72
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    166
<AVERAGE-NET-ASSETS>                               409
<PER-SHARE-NAV-BEGIN>                            10.04
<PER-SHARE-NII>                                   0.20
<PER-SHARE-GAIN-APPREC>                           0.07
<PER-SHARE-DIVIDEND>                              0.20
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.11
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 033
   <NAME> CENTURA NORTH CAROLINA TAX FREE BOND FUND CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                            39390
<INVESTMENTS-AT-VALUE>                           39815
<RECEIVABLES>                                     1322
<ASSETS-OTHER>                                      23
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   41161
<PAYABLE-FOR-SECURITIES>                          1007
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          178
<TOTAL-LIABILITIES>                               1185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         39402
<SHARES-COMMON-STOCK>                             3530
<SHARES-COMMON-PRIOR>                             3688
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            149
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           425
<NET-ASSETS>                                     39976
<DIVIDEND-INCOME>                                 1012
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      98
<NET-INVESTMENT-INCOME>                            915
<REALIZED-GAINS-CURRENT>                         (213)
<APPREC-INCREASE-CURRENT>                          514
<NET-CHANGE-FROM-OPS>                             1216
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          826
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            221
<NUMBER-OF-SHARES-REDEEMED>                        381
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                          (1353)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          362
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               72
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    166
<AVERAGE-NET-ASSETS>                             36745
<PER-SHARE-NAV-BEGIN>                            10.04
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                           0.07
<PER-SHARE-DIVIDEND>                              0.24
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.11
<EXPENSE-RATIO>                                   0.44
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 041
   <NAME> CENTURA EQUITY INCOME FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                            42172
<INVESTMENTS-AT-VALUE>                           51398
<RECEIVABLES>                                      254
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   51652
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          444
<TOTAL-LIABILITIES>                                444
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         50289
<SHARES-COMMON-STOCK>                                9
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            103
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           817
<NET-ASSETS>                                     51209
<DIVIDEND-INCOME>                                   27
<INTEREST-INCOME>                                   97
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      31
<NET-INVESTMENT-INCOME>                             93
<REALIZED-GAINS-CURRENT>                           102
<APPREC-INCREASE-CURRENT>                          899
<NET-CHANGE-FROM-OPS>                             1002
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              9
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           51208
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               29
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     48
<AVERAGE-NET-ASSETS>                                59
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           0.21
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.21
<EXPENSE-RATIO>                                   0.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 042
   <NAME> CENTURA EQUITY INCOME FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                            42172
<INVESTMENTS-AT-VALUE>                           51398
<RECEIVABLES>                                      254
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   51652
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          444
<TOTAL-LIABILITIES>                                444
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         50289
<SHARES-COMMON-STOCK>                                2
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            103
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           817
<NET-ASSETS>                                     51209
<DIVIDEND-INCOME>                                   27
<INTEREST-INCOME>                                   97
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      31
<NET-INVESTMENT-INCOME>                             93
<REALIZED-GAINS-CURRENT>                           102
<APPREC-INCREASE-CURRENT>                          899
<NET-CHANGE-FROM-OPS>                             1002
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              2
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           51208
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               29
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     48
<AVERAGE-NET-ASSETS>                                20
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           0.21
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.21
<EXPENSE-RATIO>                                   0.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 043
   <NAME> CENTURA EQUITY INCOME FUND CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                            42172
<INVESTMENTS-AT-VALUE>                           51398
<RECEIVABLES>                                      254
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   51652
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          444
<TOTAL-LIABILITIES>                                444
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         50289
<SHARES-COMMON-STOCK>                             5007
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            103
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           817
<NET-ASSETS>                                     51209
<DIVIDEND-INCOME>                                   27
<INTEREST-INCOME>                                   97
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      31
<NET-INVESTMENT-INCOME>                             93
<REALIZED-GAINS-CURRENT>                           102
<APPREC-INCREASE-CURRENT>                          899
<NET-CHANGE-FROM-OPS>                             1002
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           92
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5003
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                               4098
<NET-CHANGE-IN-ASSETS>                           51208
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               29
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     48
<AVERAGE-NET-ASSETS>                             50631
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           0.21
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.21
<EXPENSE-RATIO>                                   0.72
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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