<PAGE> PAGE 1
000 A000000 09/30/97
000 C000000 0000922447
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 EXCELSIOR INSTITUTIONAL TRUST
001 B000000 811-8490
001 C000000 6175578000
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C020400 BALANCED FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C020700 INCOME FUND
007 C030700 N
007 C010800 8
007 C020800 TOTAL RETURN BOND FUND
007 C030800 N
007 C010900 9
007 C020900 EQUITY FUND
007 C030900 N
007 C011000 10
007 C021000 INTERNATIONAL EQUITY FUND
007 C031000 N
007 C011100 11
007 C021100 OPTIMUM GROWTH FUND
007 C031100 N
007 C011200 12
007 C021200 VALUE EQUITY FUND
007 C031200 N
007 C011300 13
007 C011400 14
<PAGE> PAGE 2
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
010 A00AA01 U.S. TRUST COMPANY OF CONNECTICUT
010 C01AA01 STAMFORDNEW YORK
010 C02AA01 CT
010 C03AA01 06905
010 A00AA02 CHASE GLOBAL FUNDS SERVICES COMPANY
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02108
010 C04AA02 3913
010 A00AA03 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA03 PITTSBURGH
010 C02AA03 PA
010 C03AA03 15222
010 C04AA03 3779
011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-469850
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15230
011 C04AA01 0897
012 A00AA01 CHASE GLOBAL FUNDS SERVICES COMPANY
012 B00AA01 84-1719
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02108
<PAGE> PAGE 3
012 A00AA02 DELETE
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
013 A00AA02 DELETE
014 A00AA01 UST SECURITIES CORP.
014 B00AA01 8-00000
015 A00AA01 CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 11245
015 E01AA01 X
018 00AA00 N
019 A00AA00 Y
019 B00AA00 35
019 C00AA00 EXCELSIORF
020 A000001 EXECUTION SERVICES, INC.
020 B000001 13-2862329
020 C000001 19
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002 17
020 A000003 GOLDMAN SACHS
020 B000003 13-5108880
020 C000003 17
020 A000004 JONES & CO.
020 C000004 16
020 A000005 MERRILL LYNCH & CO, INC.
020 B000005 13-5674085
020 C000005 13
020 A000006 INSTINET CORP.
020 B000006 13-3443395
020 C000006 12
020 A000007 DONALDSON, LUFKIN, & JENRETTE SECURITIES CORP
020 B000007 13-2747129
020 C000007 11
020 A000008 JEFFERIES & CO., INC.
020 B000008 95-2622920
020 C000008 9
020 A000009 NOMURA
020 B000009 13-2642206
020 C000009 9
020 A000010 UNITED STATES TRUST COMPANY
020 B000010 13-5459485
020 C000010 8
021 000000 214
022 A000001 DILLON, READ & CO., INC.
022 B000001 13-1939216
022 C000001 1252700
<PAGE> PAGE 4
022 D000001 0
022 A000002 FUJI BANK & TRUST
022 C000002 688394
022 D000002 25036
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 108553
022 D000003 51178
022 A000004 CHASE MANHATTAN BANK
022 B000004 13-2633612
022 C000004 86816
022 D000004 0
022 A000005 DEAN WITTER REYNOLDS, INC.
022 C000005 80831
022 D000005 0
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 94-2537674
022 C000006 47808
022 D000006 22815
022 A000007 PAINE WEBBER, INC.
022 B000007 13-2638166
022 C000007 45373
022 D000007 6208
022 A000008 MORGAM STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008 22186
022 D000008 5951
022 A000009 FIDELITY BROKERAGE
022 C000009 13568
022 D000009 14148
022 A000010 DREYFUS INVESTMENT SERVICES
022 C000010 12375
022 D000010 14438
023 C000000 2466770
023 D000000 237277
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
<PAGE> PAGE 5
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
<PAGE> PAGE 6
077 P000000 N
077 Q010000 Y
078 000000 N
008 A000401 UNITED STATES TRUST COMPANY OF THE PACIFIC NO
008 B000401 A
008 C000401 801-0000
008 D010401 PORTLAND
008 D020401 OR
008 D030401 97201
008 A000402 BECKER CAPITAL MANAGEMENT, INC.
008 B000402 S
008 C000402 801-0000
008 D010402 PORTLAND
008 D020402 OR
008 D030402 97204
024 000400 Y
025 A000401 MERRILL LYNCH
025 B000401 00000000
025 C000401 D
025 D000401 948
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 1818
028 A020400 0
028 A030400 0
028 A040400 3923
028 B010400 1043
028 B020400 0
028 B030400 0
028 B040400 905
028 C010400 956
028 C020400 0
028 C030400 0
028 C040400 889
028 D010400 1257
028 D020400 0
028 D030400 0
028 D040400 8765
028 E010400 19472
028 E020400 0
028 E030400 0
028 E040400 18317
028 F010400 1747
028 F020400 158
028 F030400 0
028 F040400 775
<PAGE> PAGE 7
028 G010400 26293
028 G020400 158
028 G030400 0
028 G040400 33574
028 H000400 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 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 6
044 000400 0
045 000400 Y
046 000400 Y
047 000400 Y
048 000400 0.650
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
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
<PAGE> PAGE 8
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
066 A000400 N
067 000400 Y
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 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
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 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
<PAGE> PAGE 9
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 40842
071 B000400 50305
071 C000400 95203
071 D000400 86
072 A000400 6
072 B000400 1453
072 C000400 686
072 D000400 0
072 E000400 0
072 F000400 323
072 G000400 76
072 H000400 0
072 I000400 2
072 J000400 5
072 K000400 0
072 L000400 6
072 M000400 3
072 N000400 1
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 3
072 S000400 13
072 T000400 7
072 U000400 3
072 V000400 0
072 W000400 6
072 X000400 458
072 Y000400 105
072 Z000400 1785
072AA000400 7952
072BB000400 0
072CC010400 7414
072CC020400 0
072DD010400 2295
072DD020400 157
072EE000400 0
073 A010400 0.2200
073 A020400 0.0800
073 B000400 0.0000
073 C000400 0.0000
074 A000400 6
074 B000400 0
074 C000400 3809
074 D000400 37466
074 E000400 0
074 F000400 61886
074 G000400 0
<PAGE> PAGE 10
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 1720
074 M000400 12
074 N000400 104899
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 360
074 S000400 0
074 T000400 104539
074 U010400 8785
074 U020400 2053
074 V010400 9.65
074 V020400 9.65
074 W000400 0.0000
074 X000400 3
074 Y000400 0
075 A000400 0
075 B000400 99046
076 000400 0.00
008 A000701 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000701 A
008 C000701 801-0000
008 D010701 NEW YORK
008 D020701 NY
008 D030701 10036
008 D040701 1532
008 A000702 U.S. TRUST COMPANY OF CONNECTICUT
008 B000702 A
008 C000702 801-00000
008 D010702 STAMFORD
008 D020702 CT
008 D030702 06905
024 000700 Y
025 A000701 GOLDMAN SACHS
025 B000701 00000000
025 C000701 D
025 D000701 1000
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
<PAGE> PAGE 11
028 A010700 1016
028 A020700 0
028 A030700 0
028 A040700 12
028 B010700 0
028 B020700 0
028 B030700 0
028 B040700 1178
028 C010700 228
028 C020700 0
028 C030700 0
028 C040700 1219
028 D010700 0
028 D020700 0
028 D030700 0
028 D040700 1516
028 E010700 1522
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 2221
028 F020700 0
028 F030700 0
028 F040700 0
028 G010700 4987
028 G020700 0
028 G030700 0
028 G040700 3925
028 H000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 N
041 000700 N
045 000700 Y
046 000700 Y
047 000700 Y
048 000700 0.650
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
<PAGE> PAGE 12
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 1.5
062 M000700 26.9
062 N000700 33.6
062 O000700 0.0
062 P000700 25.1
062 Q000700 12.0
062 R000700 0.0
063 A000700 0
063 B000700 15.3
064 A000700 Y
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
<PAGE> PAGE 13
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 45282
071 B000700 40389
071 C000700 48976
071 D000700 169
072 A000700 6
072 B000700 1753
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 167
072 G000700 39
072 H000700 0
072 I000700 4
072 J000700 9
072 K000700 0
072 L000700 3
072 M000700 2
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 3
072 S000700 7
072 T000700 0
072 U000700 1
072 V000700 0
072 W000700 2
072 X000700 237
072 Y000700 108
072 Z000700 1625
<PAGE> PAGE 14
072AA000700 0
072BB000700 235
072CC010700 2061
072CC020700 0
072DD010700 1625
072DD020700 0
072EE000700 0
073 A010700 0.2200
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 803
074 D000700 52695
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 772
074 M000700 3
074 N000700 54273
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 303
074 S000700 0
074 T000700 53970
074 U010700 7551
074 U020700 0
074 V010700 7.15
074 V020700 0.00
074 W000700 0.0000
074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 51322
076 000700 0.00
008 A000801 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000801 A
008 C000801 801-0000
008 D010801 NEW YORK
008 D020801 NY
008 D030801 10036
008 D040801 1532
<PAGE> PAGE 15
008 A000802 U.S. TRUST COMPANY OF CONNECTICUT
008 B000802 A
008 C000802 801-000000
008 D010802 STAMFORD
008 D020802 CT
008 D030802 06905
024 000800 Y
025 A000801 GOLDMAN SACHS
025 B000801 00000000
025 C000801 D
025 D000801 5250
025 A000802 MERRILL LYNCH
025 B000802 00000000
025 C000802 D
025 D000802 1564
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 2358
028 A020800 0
028 A030800 0
028 A040800 1652
028 B010800 6872
028 B020800 13
028 B030800 0
028 B040800 3974
028 C010800 5020
028 C020800 15
028 C030800 0
028 C040800 3968
028 D010800 3875
028 D020800 13
028 D030800 0
028 D040800 1272
028 E010800 3949
028 E020800 14
028 E030800 0
028 E040800 4055
028 F010800 2480
028 F020800 27
028 F030800 0
028 F040800 3396
028 G010800 24554
028 G020800 82
028 G030800 0
028 G040800 18317
028 H000800 0
037 000800 N
<PAGE> PAGE 16
038 000800 0
039 000800 N
040 000800 N
041 000800 N
045 000800 Y
046 000800 Y
047 000800 Y
048 000800 0.650
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 8.1
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.5
062 M000800 35.5
062 N000800 1.5
062 O000800 0.0
062 P000800 35.2
062 Q000800 18.3
062 R000800 0.0
063 A000800 0
063 B000800 11.1
064 A000800 N
<PAGE> PAGE 17
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 143520
071 B000800 128376
071 C000800 129463
071 D000800 198
072 A000800 6
072 B000800 4768
072 C000800 0
072 D000800 0
072 E000800 0
<PAGE> PAGE 18
072 F000800 475
072 G000800 112
072 H000800 0
072 I000800 4
072 J000800 22
072 K000800 0
072 L000800 8
072 M000800 4
072 N000800 1
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 4
072 S000800 19
072 T000800 0
072 U000800 1
072 V000800 0
072 W000800 6
072 X000800 657
072 Y000800 291
072 Z000800 4401
072AA000800 303
072BB000800 0
072CC010800 5342
072CC020800 0
072DD010800 4401
072DD020800 0
072EE000800 0
073 A010800 0.2200
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 3
074 B000800 12122
074 C000800 721
074 D000800 136143
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 2393
074 M000800 4
074 N000800 151386
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
<PAGE> PAGE 19
074 R030800 0
074 R040800 1019
074 S000800 0
074 T000800 150367
074 U010800 20200
074 U020800 0
074 V010800 7.44
074 V020800 0.00
074 W000800 0.0000
074 X000800 5
074 Y000800 0
075 A000800 0
075 B000800 145861
076 000800 0.00
008 A000901 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000901 A
008 C000901 801-0000
008 D010901 NEW YORK
008 D020901 NY
008 D030901 10036
008 D040901 1532
008 A000902 U.S. TRUST COMPANY OF CONNECTICUT
008 B000902 A
008 C000902 801-00000
008 D010902 STAMFORD
008 D020902 CT
008 D030902 06905
024 000900 Y
025 A000901 MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
025 B000901 00000000
025 C000901 E
025 D000901 42
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 1356
028 A020900 18
028 A030900 0
028 A040900 3656
028 B010900 2732
028 B020900 0
028 B030900 0
028 B040900 1958
028 C010900 273
028 C020900 18
028 C030900 0
028 C040900 10825
<PAGE> PAGE 20
028 D010900 2259
028 D020900 0
028 D030900 0
028 D040900 1792
028 E010900 1340
028 E020900 0
028 E030900 0
028 E040900 7169
028 F010900 1045
028 F020900 17
028 F030900 0
028 F040900 940
028 G010900 9005
028 G020900 53
028 G030900 0
028 G040900 26340
028 H000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 N
041 000900 N
045 000900 Y
046 000900 Y
047 000900 Y
048 000900 0.650
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
062 A000900 N
062 B000900 0.0
062 C000900 0.0
<PAGE> PAGE 21
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
066 A000900 Y
066 C000900 Y
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
<PAGE> PAGE 22
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 15156
071 B000900 34358
071 C000900 125599
071 D000900 24
072 A000900 6
072 B000900 39
072 C000900 791
072 D000900 0
072 E000900 0
072 F000900 418
072 G000900 98
072 H000900 0
072 I000900 2
072 J000900 20
072 K000900 0
072 L000900 7
072 M000900 4
072 N000900 1
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 3
072 S000900 17
072 T000900 0
072 U000900 1
072 V000900 0
072 W000900 2
072 X000900 574
072 Y000900 124
072 Z000900 380
072AA000900 7241
072BB000900 0
072CC010900 23517
072CC020900 0
072DD010900 518
072DD020900 0
072EE000900 0
073 A010900 0.0500
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 0
074 C000900 2384
074 D000900 0
<PAGE> PAGE 23
074 E000900 0
074 F000900 129479
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 536
074 M000900 8
074 N000900 132406
074 O000900 274
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 231
074 S000900 0
074 T000900 131901
074 U010900 10752
074 U020900 0
074 V010900 12.27
074 V020900 0.00
074 W000900 0.0000
074 X000900 5
074 Y000900 0
075 A000900 0
075 B000900 128343
076 000900 0.00
008 A001001 UNITED STATES TRUST COMPANY OF THE PACIFIC NO
008 B001001 A
008 C001001 801-0000
008 D011001 PORTLAND
008 D021001 OR
008 D031001 97201
008 A001002 HARDING, LOEVNER MANAGEMENT, L.P.
008 B001002 S
008 C001002 801-0000
008 D011002 SOMERVILLE
008 D021002 NJ
008 D031002 08876
028 A011000 1031
028 A021000 0
028 A031000 0
028 A041000 776
028 B011000 5074
028 B021000 0
028 B031000 0
028 B041000 669
028 C011000 3321
028 C021000 9
<PAGE> PAGE 24
028 C031000 0
028 C041000 1196
028 D011000 2806
028 D021000 0
028 D031000 0
028 D041000 278
028 E011000 2204
028 E021000 0
028 E031000 0
028 E041000 563
028 F011000 706
028 F021000 0
028 F031000 0
028 F041000 659
028 G011000 15142
028 G021000 9
028 G031000 0
028 G041000 4141
028 H001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 Y
041 001000 N
045 001000 Y
046 001000 Y
047 001000 Y
048 001000 1.000
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
062 A001000 N
<PAGE> PAGE 25
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
066 A001000 Y
066 C001000 Y
067 001000 N
068 A001000 N
068 B001000 Y
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
<PAGE> PAGE 26
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 14993
071 B001000 4752
071 C001000 42511
071 D001000 22
072 A001000 6
072 B001000 518
072 C001000 137
072 D001000 0
072 E001000 0
072 F001000 236
072 G001000 47
072 H001000 0
072 I001000 2
072 J001000 39
072 K001000 0
072 L001000 3
072 M001000 1
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 2
072 S001000 6
072 T001000 0
072 U001000 1
072 V001000 0
072 W001000 3
072 X001000 340
072 Y001000 127
072 Z001000 442
072AA001000 123
072BB001000 0
072CC011000 2751
072CC021000 0
072DD011000 395
072DD021000 0
072EE001000 0
073 A011000 0.0800
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 0
074 B001000 0
<PAGE> PAGE 27
074 C001000 4169
074 D001000 1042
074 E001000 0
074 F001000 47321
074 G001000 0
074 H001000 0
074 I001000 16
074 J001000 0
074 K001000 0
074 L001000 261
074 M001000 3
074 N001000 52811
074 O001000 96
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 314
074 S001000 0
074 T001000 52401
074 U011000 5417
074 U021000 0
074 V011000 9.67
074 V021000 0.00
074 W001000 0.0000
074 X001000 4
074 Y001000 0
075 A001000 0
075 B001000 47146
076 001000 0.00
008 A001101 UNITED STATES COMPANY OF NEW YORK
008 B001101 A
008 C001101 801-00000
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10036
008 D041101 1532
008 A001102 U.S. TRUST COMPANY OF CONNECTICUT
008 B001102 A
008 C001102 801-000000
008 D011102 STAMFORD
008 D021102 CT
008 D031102 06905
024 001100 Y
025 A001101 MERRILL LYNCH
025 B001101 000000000
025 C001101 E
025 D001101 104
025 D001102 0
025 D001103 0
<PAGE> PAGE 28
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 647
028 A021100 2
028 A031100 0
028 A041100 199
028 B011100 1050
028 B021100 0
028 B031100 0
028 B041100 187
028 C011100 243
028 C021100 1
028 C031100 0
028 C041100 193
028 D011100 957
028 D021100 0
028 D031100 0
028 D041100 27
028 E011100 1289
028 E021100 0
028 E031100 0
028 E041100 126
028 F011100 827
028 F021100 1
028 F031100 0
028 F041100 394
028 G011100 5013
028 G021100 4
028 G031100 0
028 G041100 1126
028 H001100 0
037 001100 N
038 001100 0
039 001100 N
040 001100 Y
041 001100 Y
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 0
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 0
043 001100 8
044 001100 0
045 001100 Y
046 001100 Y
<PAGE> PAGE 29
047 001100 Y
048 001100 0.650
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 Y
066 G001100 Y
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
<PAGE> PAGE 30
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 7785
071 B001100 3947
071 C001100 36916
071 D001100 21
072 A001100 6
072 B001100 14
072 C001100 177
072 D001100 0
072 E001100 0
072 F001100 126
072 G001100 30
072 H001100 0
072 I001100 4
072 J001100 7
072 K001100 0
072 L001100 3
072 M001100 1
072 N001100 8
<PAGE> PAGE 31
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 2
072 S001100 5
072 T001100 8
072 U001100 0
072 V001100 0
072 W001100 2
072 X001100 196
072 Y001100 52
072 Z001100 48
072AA001100 0
072BB001100 970
072CC011100 10777
072CC021100 0
072DD011100 91
072DD021100 4
072EE001100 0
073 A011100 0.0300
073 A021100 0.0100
073 B001100 0.0000
073 C001100 0.0000
074 A001100 0
074 B001100 0
074 C001100 797
074 D001100 0
074 E001100 0
074 F001100 43699
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 41
074 M001100 1
074 N001100 44538
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 347
074 S001100 0
074 T001100 44191
074 U011100 2883
074 U021100 429
074 V011100 13.34
074 V021100 13.33
074 W001100 0.0000
<PAGE> PAGE 32
074 X001100 50
074 Y001100 0
075 A001100 0
075 B001100 38638
076 001100 0.00
008 A001201 UNITED STATES TRUST COMPANY OF NEW YORK
008 B001201 A
008 C001201 801-0000
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10036
008 D041201 1532
008 A001202 U.S. TRUST COMPANY OF CONNECTICUT
008 B001202 A
008 C001202 801-00000
008 D011202 STAMFORD
008 D021202 CT
008 D031202 06905
024 001200 Y
025 A001201 CHASE MANHATTAN CORP.
025 B001201 00000000
025 C001201 E
025 D001201 244
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 605
028 A021200 0
028 A031200 0
028 A041200 31
028 B011200 60
028 B021200 0
028 B031200 0
028 B041200 29
028 C011200 8
028 C021200 0
028 C031200 0
028 C041200 61
028 D011200 325
028 D021200 0
028 D031200 0
028 D041200 17
028 E011200 91
028 E021200 0
028 E031200 0
028 E041200 54
028 F011200 24
<PAGE> PAGE 33
028 F021200 0
028 F031200 0
028 F041200 37
028 G011200 1113
028 G021200 0
028 G031200 0
028 G041200 229
028 H001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 Y
041 001200 Y
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 0
044 001200 0
045 001200 Y
046 001200 Y
047 001200 Y
048 001200 0.650
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
062 A001200 N
062 B001200 0.0
<PAGE> PAGE 34
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
066 A001200 Y
066 C001200 Y
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
<PAGE> PAGE 35
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 10484
071 B001200 9679
071 C001200 28595
071 D001200 68
072 A001200 6
072 B001200 3
072 C001200 205
072 D001200 0
072 E001200 0
072 F001200 94
072 G001200 22
072 H001200 0
072 I001200 4
072 J001200 6
072 K001200 0
072 L001200 4
072 M001200 1
072 N001200 7
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 2
072 S001200 4
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 2
072 X001200 146
072 Y001200 44
072 Z001200 106
072AA001200 1211
072BB001200 0
072CC011200 7240
072CC021200 0
072DD011200 157
072DD021200 0
072EE001200 0
073 A011200 0.0700
073 A021200 0.0400
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 0
074 C001200 0
<PAGE> PAGE 36
074 D001200 0
074 E001200 0
074 F001200 33005
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 0
074 L001200 155
074 M001200 1
074 N001200 33161
074 O001200 64
074 P001200 0
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 69
074 S001200 0
074 T001200 33028
074 U011200 2163
074 U021200 6
074 V011200 15.23
074 V021200 15.23
074 W001200 0.0000
074 X001200 7
074 Y001200 0
075 A001200 0
075 B001200 28837
076 001200 0.00
SIGNATURE JOHN CORCORAN
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 41
<NAME> BALANCED FUND, INSTITUTIONAL SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 83,883
<INVESTMENTS-AT-VALUE> 103,161
<RECEIVABLES> 1,720
<ASSETS-OTHER> 17
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 104,899
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 360
<TOTAL-LIABILITIES> 360
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,408
<SHARES-COMMON-STOCK> 8,785
<SHARES-COMMON-PRIOR> 11,670
<ACCUMULATED-NII-CURRENT> 53
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,751
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,327
<NET-ASSETS> 104,539
<DIVIDEND-INCOME> 686
<INTEREST-INCOME> 1,453
<OTHER-INCOME> 0
<EXPENSES-NET> (354)
<NET-INVESTMENT-INCOME> 1,785
<REALIZED-GAINS-CURRENT> 7,952
<APPREC-INCREASE-CURRENT> 7,415
<NET-CHANGE-FROM-OPS> 17,152
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,295)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 789
<NUMBER-OF-SHARES-REDEEMED> (3,674)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7,577
<ACCUMULATED-NII-PRIOR> 720
<ACCUMULATED-GAINS-PRIOR> 799
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 323
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 458
<AVERAGE-NET-ASSETS> 99,046
<PER-SHARE-NAV-BEGIN> 8.31
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 1.38
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.65
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 42
<NAME> BALANCED FUND, TRUST SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> AUG-25-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 83,883
<INVESTMENTS-AT-VALUE> 103,161
<RECEIVABLES> 1,720
<ASSETS-OTHER> 17
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 104,899
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 360
<TOTAL-LIABILITIES> 360
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,408
<SHARES-COMMON-STOCK> 2,053
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 53
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,751
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,327
<NET-ASSETS> 104,539
<DIVIDEND-INCOME> 686
<INTEREST-INCOME> 1,453
<OTHER-INCOME> 0
<EXPENSES-NET> (354)
<NET-INVESTMENT-INCOME> 1,785
<REALIZED-GAINS-CURRENT> 7,952
<APPREC-INCREASE-CURRENT> 7,415
<NET-CHANGE-FROM-OPS> 17,152
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (157)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,070
<NUMBER-OF-SHARES-REDEEMED> (33)
<SHARES-REINVESTED> 16
<NET-CHANGE-IN-ASSETS> 7,577
<ACCUMULATED-NII-PRIOR> 720
<ACCUMULATED-GAINS-PRIOR> 799
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 323
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 458
<AVERAGE-NET-ASSETS> 99,046
<PER-SHARE-NAV-BEGIN> 9.33
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.38
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.65
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 9
<NAME> EQUITY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 99,406
<INVESTMENTS-AT-VALUE> 131,863
<RECEIVABLES> 536
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 5
<TOTAL-ASSETS> 132,406
<PAYABLE-FOR-SECURITIES> 274
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 231
<TOTAL-LIABILITIES> 505
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 87,129
<SHARES-COMMON-STOCK> 10,752
<SHARES-COMMON-PRIOR> 12,291
<ACCUMULATED-NII-CURRENT> 43
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,272
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32,457
<NET-ASSETS> 131,901
<DIVIDEND-INCOME> 791
<INTEREST-INCOME> 39
<OTHER-INCOME> 0
<EXPENSES-NET> (450)
<NET-INVESTMENT-INCOME> 380
<REALIZED-GAINS-CURRENT> 7,242
<APPREC-INCREASE-CURRENT> 23,517
<NET-CHANGE-FROM-OPS> 31,139
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (518)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 801
<NUMBER-OF-SHARES-REDEEMED> (2,344)
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 13,339
<ACCUMULATED-NII-PRIOR> 181
<ACCUMULATED-GAINS-PRIOR> 5,030
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 418
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 574
<AVERAGE-NET-ASSETS> 128,343
<PER-SHARE-NAV-BEGIN> 9.65
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 2.63
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.27
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 7
<NAME> INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 52,354
<INVESTMENTS-AT-VALUE> 53,498
<RECEIVABLES> 771
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54,272
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 302
<TOTAL-LIABILITIES> 302
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,890
<SHARES-COMMON-STOCK> 7,551
<SHARES-COMMON-PRIOR> 7,406
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (11)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (52)
<ACCUM-APPREC-OR-DEPREC> 1,143
<NET-ASSETS> 53,970
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,753
<OTHER-INCOME> 0
<EXPENSES-NET> (129)
<NET-INVESTMENT-INCOME> 1,624
<REALIZED-GAINS-CURRENT> (235)
<APPREC-INCREASE-CURRENT> 2,061
<NET-CHANGE-FROM-OPS> 3,450
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,625)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 704
<NUMBER-OF-SHARES-REDEEMED> (559)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,888
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 183
<OVERDISTRIB-NII-PRIOR> 11
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 167
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 237
<AVERAGE-NET-ASSETS> 51,322
<PER-SHARE-NAV-BEGIN> 6.90
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.25
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.15
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 10
<NAME> INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 46,473
<INVESTMENTS-AT-VALUE> 52,547
<RECEIVABLES> 261
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 52,811
<PAYABLE-FOR-SECURITIES> 96
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 314
<TOTAL-LIABILITIES> 410
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,074
<SHARES-COMMON-STOCK> 5,417
<SHARES-COMMON-PRIOR> 4,262
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (83)
<ACCUMULATED-NET-GAINS> 338
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,072
<NET-ASSETS> 52,401
<DIVIDEND-INCOME> 518
<INTEREST-INCOME> 137
<OTHER-INCOME> 0
<EXPENSES-NET> (212)
<NET-INVESTMENT-INCOME> 443
<REALIZED-GAINS-CURRENT> 123
<APPREC-INCREASE-CURRENT> 2,751
<NET-CHANGE-FROM-OPS> 3,317
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (395)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,593
<NUMBER-OF-SHARES-REDEEMED> (439)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 13,932
<ACCUMULATED-NII-PRIOR> (130)
<ACCUMULATED-GAINS-PRIOR> 215
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 236
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 340
<AVERAGE-NET-ASSETS> 47,146
<PER-SHARE-NAV-BEGIN> 9.03
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 0.63
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.67
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 111
<NAME> OPTIMUM GROWTH FUND, INSTITUTIONAL SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 33,043
<INVESTMENTS-AT-VALUE> 44,496
<RECEIVABLES> 41
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44,538
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 347
<TOTAL-LIABILITIES> 347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,506
<SHARES-COMMON-STOCK> 2,883
<SHARES-COMMON-PRIOR> 2,667
<ACCUMULATED-NII-CURRENT> 5
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,774)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,454
<NET-ASSETS> 44,191
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 14
<OTHER-INCOME> 0
<EXPENSES-NET> (143)
<NET-INVESTMENT-INCOME> 48
<REALIZED-GAINS-CURRENT> (970)
<APPREC-INCREASE-CURRENT> 10,777
<NET-CHANGE-FROM-OPS> 9,855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (91)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 265
<NUMBER-OF-SHARES-REDEEMED> (49)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13,651
<ACCUMULATED-NII-PRIOR> 52
<ACCUMULATED-GAINS-PRIOR> (804)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 196
<AVERAGE-NET-ASSETS> 38,638
<PER-SHARE-NAV-BEGIN> 10.19
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 3.16
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.34
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 112
<NAME> OPTIMUM GROWTH FUND, TRUST SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 33,043
<INVESTMENTS-AT-VALUE> 44,496
<RECEIVABLES> 41
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44,538
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 347
<TOTAL-LIABILITIES> 347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,506
<SHARES-COMMON-STOCK> 429
<SHARES-COMMON-PRIOR> 330
<ACCUMULATED-NII-CURRENT> 5
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,774)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,454
<NET-ASSETS> 44,191
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 14
<OTHER-INCOME> 0
<EXPENSES-NET> (143)
<NET-INVESTMENT-INCOME> 48
<REALIZED-GAINS-CURRENT> (970)
<APPREC-INCREASE-CURRENT> 10,777
<NET-CHANGE-FROM-OPS> 9,855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 143
<NUMBER-OF-SHARES-REDEEMED> (43)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13,651
<ACCUMULATED-NII-PRIOR> 52
<ACCUMULATED-GAINS-PRIOR> (804)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 196
<AVERAGE-NET-ASSETS> 38,638
<PER-SHARE-NAV-BEGIN> 10.18
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 3.16
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.33
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 8
<NAME> TOTAL RETURN BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 146,323
<INVESTMENTS-AT-VALUE> 148,987
<RECEIVABLES> 2,392
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 151,386
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,019
<TOTAL-LIABILITIES> 1,019
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,905
<SHARES-COMMON-STOCK> 20,200
<SHARES-COMMON-PRIOR> 19,327
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 770
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,664
<NET-ASSETS> 150,367
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,768
<OTHER-INCOME> 0
<EXPENSES-NET> (367)
<NET-INVESTMENT-INCOME> 4,401
<REALIZED-GAINS-CURRENT> 303
<APPREC-INCREASE-CURRENT> 5,342
<NET-CHANGE-FROM-OPS> 10,046
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,401)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,363
<NUMBER-OF-SHARES-REDEEMED> (2,501)
<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> 11,965
<ACCUMULATED-NII-PRIOR> 28
<ACCUMULATED-GAINS-PRIOR> 466
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 475
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 657
<AVERAGE-NET-ASSETS> 145,861
<PER-SHARE-NAV-BEGIN> 7.16
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.28
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.44
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 121
<NAME> VALUE EQUITY FUND, INSTITUTIONAL SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 23,149
<INVESTMENTS-AT-VALUE> 33,005
<RECEIVABLES> 155
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33,162
<PAYABLE-FOR-SECURITIES> 64
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70
<TOTAL-LIABILITIES> 134
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,994
<SHARES-COMMON-STOCK> 2,163
<SHARES-COMMON-PRIOR> 2,091
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,176
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,856
<NET-ASSETS> 33,028
<DIVIDEND-INCOME> 205
<INTEREST-INCOME> 2
<OTHER-INCOME> 0
<EXPENSES-NET> (101)
<NET-INVESTMENT-INCOME> 106
<REALIZED-GAINS-CURRENT> 1,211
<APPREC-INCREASE-CURRENT> 7,241
<NET-CHANGE-FROM-OPS> 8,558
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (157)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 89
<NUMBER-OF-SHARES-REDEEMED> (17)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,285
<ACCUMULATED-NII-PRIOR> 52
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (35)
<GROSS-ADVISORY-FEES> 94
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 146
<AVERAGE-NET-ASSETS> 28,837
<PER-SHARE-NAV-BEGIN> 11.33
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 3.92
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.23
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 122
<NAME> VALUE EQUITY FUND, TRUST SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 23,149
<INVESTMENTS-AT-VALUE> 33,005
<RECEIVABLES> 155
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33,162
<PAYABLE-FOR-SECURITIES> 64
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70
<TOTAL-LIABILITIES> 134
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,994
<SHARES-COMMON-STOCK> 6
<SHARES-COMMON-PRIOR> 5
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,176
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,856
<NET-ASSETS> 33,028
<DIVIDEND-INCOME> 205
<INTEREST-INCOME> 2
<OTHER-INCOME> 0
<EXPENSES-NET> (101)
<NET-INVESTMENT-INCOME> 106
<REALIZED-GAINS-CURRENT> 1,211
<APPREC-INCREASE-CURRENT> 7,241
<NET-CHANGE-FROM-OPS> 8,558
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,285
<ACCUMULATED-NII-PRIOR> 52
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (35)
<GROSS-ADVISORY-FEES> 94
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 146
<AVERAGE-NET-ASSETS> 28,837
<PER-SHARE-NAV-BEGIN> 11.33
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 3.91
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.23
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
