EXCELSIOR INSTITUTIONAL TRUST
NSAR-A, 1998-12-14
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<PAGE>      PAGE  1
000 A000000 09/30/98
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
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007 C020400 BALANCED FUND
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007 C020700 INCOME FUND
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007 C020800 TOTAL RETURN BOND FUND
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007 C020900 EQUITY FUND
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007 C021000 INTERNATIONAL EQUITY FUND
007 C031000 N
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007 C021200 VALUE EQUITY FUND
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<PAGE>      PAGE  2
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010 A00AA01 U.S. TRUST COMPANY OF CONNECTICUT
010 C01AA01 STAMFORD
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 15237
011 C04AA01 5829
012 A00AA01 CHASE GLOBAL FUNDS SERVICES COMPANY
012 B00AA01 84-1719
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02108
<PAGE>      PAGE  3
012 C04AA01 3913
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
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019 C00AA00 EXCELSIORF
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020 B000001 13-3443395
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020 A000002 GOLDMAN SACHS
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020 C000002     14
020 A000003 MERRILL LYNCH & CO., INC.
020 B000003 13-5674085
020 C000003     12
020 A000004 EXECUTION SERVICES, INC.
020 B000004 13-2862329
020 C000004     11
020 A000005 JONES & CO.
020 C000005     11
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006      9
020 A000007 BHF FRABKFURT
020 C000007      5
020 A000008 WERTHEIM CORP.
020 C000008      5
020 A000009 BEAR STEARNS & CO., INC.
020 B000009 13-3299429
020 C000009      5
020 A000010 DONALDSON, LUFKIN & JENRETTE SEC. CORP.
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020 C000010      4
021  000000      145
022 A000001 FUJI BANK & TRUST
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022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
<PAGE>      PAGE  4
022 C000002     27457
022 D000002     42143
022 A000003 NOMURA
022 B000003 13-2642206
022 C000003     63660
022 D000003      2612
022 A000004 MERRILL LYNCH & CO., INC.
022 B000004 13-5674085
022 C000004     42428
022 D000004     21308
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 94-2537674
022 C000005     22870
022 D000005     36833
022 A000006 PRUDENTIAL-BACHE SECURITIES, INC.
022 B000006 22-2347336
022 C000006     42305
022 D000006     12824
022 A000007 SALOMON BROTHERS, INC.
022 B000007 13-3082694
022 C000007     30351
022 D000007     23503
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008     25733
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022 A000009 FIDELITY BROKERAGE
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022 D000009     16413
022 A000010 GREENWICH PARTNERS
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<PAGE>      PAGE  5
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054 L00AA00 N
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060 A00AA00 Y
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<PAGE>      PAGE  6
077 Q010000 Y
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008 A000401 U.S. TRUST COMPANY, N.A.
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
066 A000400 N
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070 E020400 N
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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 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
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070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
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070 R020400 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000701 UNITED STATES TRUST COMPANY OF NEW YORK
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008 D020701 NY
008 D030701 10036
008 D040701 1532
008 A000702 U.S. TRUST COMPANY OF CONNECTICUT
008 B000702 A
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008 D010702 STAMFORD
008 D020702 CT
008 D030702 06905
024  000700 Y
025 A000701 GOLDMAN SACHS
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025 A000702 MORGAN STANLEY DEAN WITTER & CO.
025 B000702 13-2655998
025 C000702 D
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025 A000703 BEAR STEARNS & CO., INC.
025 B000703 13-3299429
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
048 I020700 0.000
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063 B000700 16.0
064 A000700 Y
064 B000700 N
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
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070 A010700 Y
070 A020700 N
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070 B020700 N
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070 D020700 N
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070 E020700 N
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070 F020700 N
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070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
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<PAGE>      PAGE  13
070 J020700 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
008 D020802 CT
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
063 B000800 15.3
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<PAGE>      PAGE  18
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074 P000800        0
074 Q000800        0
<PAGE>      PAGE  19
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074 T000800   196839
074 U010800    25101
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074 V010800     7.84
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075 A000800        0
075 B000800   187108
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 & CO.
025 B000901 13-2655998
025 C000901 E
025 D000901    1928
025 D000902       0
025 D000903       0
025 D000904       0
025 D000905       0
025 D000906       0
025 D000907       0
025 D000908       0
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028 A040900      4094
028 B010900       699
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028 B030900         0
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028 C010900      3863
028 C020900         0
<PAGE>      PAGE  20
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028 D010900     12801
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028 E010900       932
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028 E040900       720
028 F010900      3194
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028 F040900      1711
028 G010900     25642
028 G020900         7
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028 G040900     12773
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
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048 A010900        0
048 A020900 0.000
048 B010900        0
048 B020900 0.000
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048 C020900 0.000
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048 D020900 0.000
048 E010900        0
048 E020900 0.000
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048 F020900 0.000
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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
<PAGE>      PAGE  21
062 B000900   0.0
062 C000900   0.0
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
<PAGE>      PAGE  22
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
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<PAGE>      PAGE  23
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008 C001001 801-0000
008 D011001 LOS ANGELES
008 D021001 CA
008 D031001 90071
008 A001002 HARDING, LOEVNER MANAGEMENT, L.P.
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008 D011002 SOMERVILLE
008 D021002 NJ
008 D031002 08876
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<PAGE>      PAGE  24
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037  001000 N
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039  001000 N
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041  001000 N
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046  001000 N
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048 H021000 0.000
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048 I021000 0.000
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048 J021000 0.000
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<PAGE>      PAGE  25
048 K021000 0.000
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062 F001000   0.0
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062 J001000   0.0
062 K001000   0.0
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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 N
<PAGE>      PAGE  26
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
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<PAGE>      PAGE  27
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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 & CO., INC.
025 B001101 13-5674085
025 C001101 E
025 D001101    1184
<PAGE>      PAGE  28
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028 F031100         0
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037  001100 N
038  001100      0
039  001100 N
040  001100 Y
041  001100 Y
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042 B001100   0
042 C001100   0
042 D001100   0
042 E001100   0
042 F001100   0
042 G001100   0
042 H001100   0
043  001100     13
044  001100      0
<PAGE>      PAGE  29
045  001100 Y
046  001100 Y
047  001100 Y
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048 A011100        0
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048 B021100 0.000
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048 H021100 0.000
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048 I021100 0.000
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048 J021100 0.000
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048 K021100 0.000
062 A001100 N
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062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
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066 A001100 Y
066 G001100 Y
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
<PAGE>      PAGE  30
070 A021100 N
070 B011100 Y
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 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
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070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
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070 R021100 N
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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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 N
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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070 E021200 N
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070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
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070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
<PAGE>      PAGE  35
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070 Q021200 N
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070 R021200 N
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<PAGE>      PAGE  36
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074 H001200        0
074 I001200        0
074 J001200        0
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074 L001200       43
074 M001200        1
074 N001200    30039
074 O001200      168
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074 R021200        0
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074 S001200        0
074 T001200    29844
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074 V011200    13.33
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074 W001200   0.0000
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074 Y001200        0
075 A001200        0
075 B001200    33994
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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
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<ACCUMULATED-NET-GAINS>                      6,862,427
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,031,460
<NET-ASSETS>                                57,172,866
<DIVIDEND-INCOME>                              498,216
<INTEREST-INCOME>                            1,212,728
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (327,107)
<NET-INVESTMENT-INCOME>                      1,383,837
<REALIZED-GAINS-CURRENT>                     2,727,089
<APPREC-INCREASE-CURRENT>                 (14,072,035)
<NET-CHANGE-FROM-OPS>                      (9,961,109)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,648,374)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        676,033
<NUMBER-OF-SHARES-REDEEMED>                (1,019,272)
<SHARES-REINVESTED>                                 85
<NET-CHANGE-IN-ASSETS>                    (32,729,653)
<ACCUMULATED-NII-PRIOR>                        726,375
<ACCUMULATED-GAINS-PRIOR>                    4,135,338
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          272,982
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                423,477
<AVERAGE-NET-ASSETS>                        83,670,802
<PER-SHARE-NAV-BEGIN>                             9.08
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                         (1.21)
<PER-SHARE-DIVIDEND>                            (0.22)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.80
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       54,096,894
<INVESTMENTS-AT-VALUE>                      57,128,354
<RECEIVABLES>                                1,119,023
<ASSETS-OTHER>                                   5,342
<OTHER-ITEMS-ASSETS>                             2,261
<TOTAL-ASSETS>                              58,254,980
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,082,114
<TOTAL-LIABILITIES>                          1,082,114  
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    47,247,594
<SHARES-COMMON-STOCK>                              987
<SHARES-COMMON-PRIOR>                        2,230,982
<ACCUMULATED-NII-CURRENT>                       31,385
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      6,862,427
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,031,460
<NET-ASSETS>                                57,172,866
<DIVIDEND-INCOME>                              498,216
<INTEREST-INCOME>                            1,212,728
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (327,107)
<NET-INVESTMENT-INCOME>                      1,383,837
<REALIZED-GAINS-CURRENT>                     2,727,089
<APPREC-INCREASE-CURRENT>                 (14,072,035)
<NET-CHANGE-FROM-OPS>                      (9,961,109)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (430,453)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         79,974
<NUMBER-OF-SHARES-REDEEMED>                (2,342,728)
<SHARES-REINVESTED>                             32,759
<NET-CHANGE-IN-ASSETS>                    (32,729,653)
<ACCUMULATED-NII-PRIOR>                        726,375
<ACCUMULATED-GAINS-PRIOR>                    4,135,338
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          272,982
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                423,477
<AVERAGE-NET-ASSETS>                        83,670,802
<PER-SHARE-NAV-BEGIN>                             9.07
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                         (1.20)
<PER-SHARE-DIVIDEND>                            (0.20)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.80
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      104,684,409
<INVESTMENTS-AT-VALUE>                     133,169,950
<RECEIVABLES>                                  479,653
<ASSETS-OTHER>                                   1,181
<OTHER-ITEMS-ASSETS>                             2,724
<TOTAL-ASSETS>                             133,653,508
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      235,495
<TOTAL-LIABILITIES>                            235,495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    99,789,662
<SHARES-COMMON-STOCK>                       11,856,620
<SHARES-COMMON-PRIOR>                       10,896,706
<ACCUMULATED-NII-CURRENT>                       50,946
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,091,864
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    28,485,541
<NET-ASSETS>                               133,418,013
<DIVIDEND-INCOME>                              715,964
<INTEREST-INCOME>                               51,755
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (502,009)
<NET-INVESTMENT-INCOME>                        265,710
<REALIZED-GAINS-CURRENT>                     2,355,866
<APPREC-INCREASE-CURRENT>                 (20,078,752)
<NET-CHANGE-FROM-OPS>                     (17,457,176)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (329,295)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,956,272
<NUMBER-OF-SHARES-REDEEMED>                  (996,938)
<SHARES-REINVESTED>                                580
<NET-CHANGE-IN-ASSETS>                     (4,910,084)
<ACCUMULATED-NII-PRIOR>                        114,531
<ACCUMULATED-GAINS-PRIOR>                    2,735,998
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          466,152
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                640,436
<AVERAGE-NET-ASSETS>                       142,936,030
<PER-SHARE-NAV-BEGIN>                            12.69
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (1.43)
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.25
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       63,187,553
<INVESTMENTS-AT-VALUE>                      65,099,596
<RECEIVABLES>                                  690,496
<ASSETS-OTHER>                                     867
<OTHER-ITEMS-ASSETS>                             1,334
<TOTAL-ASSETS>                              65,792,293
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      345,734
<TOTAL-LIABILITIES>                            345,734
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    61,566,609
<SHARES-COMMON-STOCK>                        8,763,004
<SHARES-COMMON-PRIOR>                        8,491,581
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (22,348)
<ACCUMULATED-NET-GAINS>                      1,990,255
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,912,043
<NET-ASSETS>                                65,446,559
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,931,358
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (156,973)
<NET-INVESTMENT-INCOME>                      1,774,385
<REALIZED-GAINS-CURRENT>                     1,007,058
<APPREC-INCREASE-CURRENT>                    1,246,113
<NET-CHANGE-FROM-OPS>                        4,027,556
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,793,204)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        261,549
<NUMBER-OF-SHARES-REDEEMED>                   (10,126)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       4,072,410
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      983,197
<OVERDISTRIB-NII-PRIOR>                        (3,529)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          204,064
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                285,558
<AVERAGE-NET-ASSETS>                        62,640,949
<PER-SHARE-NAV-BEGIN>                             7.23
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                           0.26
<PER-SHARE-DIVIDEND>                            (0.21)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.49
<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
       
<S>                             <C>
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       34,185,398
<INVESTMENTS-AT-VALUE>                      31,932,850
<RECEIVABLES>                                  770,911
<ASSETS-OTHER>                                  33,414
<OTHER-ITEMS-ASSETS>                               509
<TOTAL-ASSETS>                              32,737,684
<PAYABLE-FOR-SECURITIES>                       617,174
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      273,592
<TOTAL-LIABILITIES>                            890,766
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    33,453,589
<SHARES-COMMON-STOCK>                        4,047,493
<SHARES-COMMON-PRIOR>                        4,181,608
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (316,197)
<ACCUMULATED-NET-GAINS>                        960,429
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,250,903)
<NET-ASSETS>                                31,846,918
<DIVIDEND-INCOME>                              572,416
<INTEREST-INCOME>                               40,370
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (171,709)
<NET-INVESTMENT-INCOME>                        441,077
<REALIZED-GAINS-CURRENT>                       946,829
<APPREC-INCREASE-CURRENT>                  (8,045,913)
<NET-CHANGE-FROM-OPS>                      (6,658,007)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (646,625)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0 
<NUMBER-OF-SHARES-SOLD>                        641,113
<NUMBER-OF-SHARES-REDEEMED>                  (775,228)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (8,589,436)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       13,600
<OVERDISTRIB-NII-PRIOR>                      (110,649)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          190,714
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                278,508
<AVERAGE-NET-ASSETS>                        37,983,009
<PER-SHARE-NAV-BEGIN>                             9.67
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                         (1.75)
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.87
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       39,392,208
<INVESTMENTS-AT-VALUE>                      62,777,599
<RECEIVABLES>                                   77,350
<ASSETS-OTHER>                                   2,092
<OTHER-ITEMS-ASSETS>                               889
<TOTAL-ASSETS>                              62,857,930
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      283,573
<TOTAL-LIABILITIES>                            283,573
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    41,110,078
<SHARES-COMMON-STOCK>                        3,338,124
<SHARES-COMMON-PRIOR>                        3,149,996
<ACCUMULATED-NII-CURRENT>                      (2,931)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,918,181)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    23,385,391
<NET-ASSETS>                                62,574,357
<DIVIDEND-INCOME>                              216,747
<INTEREST-INCOME>                               18,776
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (234,439)
<NET-INVESTMENT-INCOME>                          1,084
<REALIZED-GAINS-CURRENT>                       587,610
<APPREC-INCREASE-CURRENT>                      542,280
<NET-CHANGE-FROM-OPS>                        1,130,974
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (10,786)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        335,395
<NUMBER-OF-SHARES-REDEEMED>                  (147,302)
<SHARES-REINVESTED>                                 35
<NET-CHANGE-IN-ASSETS>                       4,531,829
<ACCUMULATED-NII-PRIOR>                          6,771
<ACCUMULATED-GAINS-PRIOR>                  (2,505,791)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          206,053
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                316,001
<AVERAGE-NET-ASSETS>                        62,236,572
<PER-SHARE-NAV-BEGIN>                            16.33
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           0.40
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.73
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       39,392,208
<INVESTMENTS-AT-VALUE>                      62,777,599
<RECEIVABLES>                                   77,350
<ASSETS-OTHER>                                   2,092
<OTHER-ITEMS-ASSETS>                               889
<TOTAL-ASSETS>                              62,857,930
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      283,573
<TOTAL-LIABILITIES>                            283,573
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    41,110,078
<SHARES-COMMON-STOCK>                          403,140
<SHARES-COMMON-PRIOR>                          404,733
<ACCUMULATED-NII-CURRENT>                      (2,931)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,918,181)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    23,385,391
<NET-ASSETS>                                62,574,357
<DIVIDEND-INCOME>                              216,747
<INTEREST-INCOME>                               18,776
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (234,439)
<NET-INVESTMENT-INCOME>                          1,084
<REALIZED-GAINS-CURRENT>                       587,610
<APPREC-INCREASE-CURRENT>                      542,280
<NET-CHANGE-FROM-OPS>                        1,130,974
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         34,978
<NUMBER-OF-SHARES-REDEEMED>                   (36,571)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       4,531,829
<ACCUMULATED-NII-PRIOR>                          6,771
<ACCUMULATED-GAINS-PRIOR>                  (2,505,791)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          206,053
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                316,001
<AVERAGE-NET-ASSETS>                        62,236,572
<PER-SHARE-NAV-BEGIN>                            16.31
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                           0.40
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.68
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      185,764,858
<INVESTMENTS-AT-VALUE>                     194,729,193
<RECEIVABLES>                                3,216,959
<ASSETS-OTHER>                                   1,471
<OTHER-ITEMS-ASSETS>                             3,836
<TOTAL-ASSETS>                             197,951,459
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,112,158
<TOTAL-LIABILITIES>                          1,112,158
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   183,912,277
<SHARES-COMMON-STOCK>                       25,101,180
<SHARES-COMMON-PRIOR>                       22,345,546
<ACCUMULATED-NII-CURRENT>                       35,243
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,927,446
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,964,335
<NET-ASSETS>                               196,839,301
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            5,776,707
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (468,954)
<NET-INVESTMENT-INCOME>                      5,307,753
<REALIZED-GAINS-CURRENT>                     2,334,448
<APPREC-INCREASE-CURRENT>                    5,944,535
<NET-CHANGE-FROM-OPS>                       13,586,736
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (5,307,762)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,670,978
<NUMBER-OF-SHARES-REDEEMED>                (2,921,797)
<SHARES-REINVESTED>                              6,453
<NET-CHANGE-IN-ASSETS>                      29,128,046
<ACCUMULATED-NII-PRIOR>                         35,252
<ACCUMULATED-GAINS-PRIOR>                    1,592,998
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          609,257
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                833,219
<AVERAGE-NET-ASSETS>                       187,108,091
<PER-SHARE-NAV-BEGIN>                             7.51
<PER-SHARE-NII>                                   0.22
<PER-SHARE-GAIN-APPREC>                           0.33
<PER-SHARE-DIVIDEND>                            (0.22)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.84
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       25,814,909
<INVESTMENTS-AT-VALUE>                      29,990,952
<RECEIVABLES>                                   43,128
<ASSETS-OTHER>                                   4,350
<OTHER-ITEMS-ASSETS>                               713
<TOTAL-ASSETS>                              30,039,143
<PAYABLE-FOR-SECURITIES>                       167,975
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       27,021
<TOTAL-LIABILITIES>                            194,996
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    22,898,026
<SHARES-COMMON-STOCK>                        2,234,505
<SHARES-COMMON-PRIOR>                        2,157,021
<ACCUMULATED-NII-CURRENT>                        6,612
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,763,466
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,176,043
<NET-ASSETS>                                29,844,147
<DIVIDEND-INCOME>                              241,239
<INTEREST-INCOME>                                2,038
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (119,194)
<NET-INVESTMENT-INCOME>                        124,083
<REALIZED-GAINS-CURRENT>                     2,161,365
<APPREC-INCREASE-CURRENT>                  (8,348,583)
<NET-CHANGE-FROM-OPS>                      (6,063,135)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (181,161)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        106,766
<NUMBER-OF-SHARES-REDEEMED>                   (29,282)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (4,999,327)
<ACCUMULATED-NII-PRIOR>                         63,875
<ACCUMULATED-GAINS-PRIOR>                      602,101
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          110,921
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                169,412
<AVERAGE-NET-ASSETS>                        33,993,612
<PER-SHARE-NAV-BEGIN>                            16.12
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                         (2.77)
<PER-SHARE-DIVIDEND>                            (0.08)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.33
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       25,814,909
<INVESTMENTS-AT-VALUE>                      29,990,952
<RECEIVABLES>                                   43,128
<ASSETS-OTHER>                                   4,350
<OTHER-ITEMS-ASSETS>                               713
<TOTAL-ASSETS>                              30,039,143
<PAYABLE-FOR-SECURITIES>                       167,975
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       27,021
<TOTAL-LIABILITIES>                            194,996
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    22,898,026
<SHARES-COMMON-STOCK>                            4,862
<SHARES-COMMON-PRIOR>                            4,836
<ACCUMULATED-NII-CURRENT>                        6,612
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,763,466
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,176,043
<NET-ASSETS>                                29,844,147
<DIVIDEND-INCOME>                              241,239
<INTEREST-INCOME>                                2,038
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (119,194)
<NET-INVESTMENT-INCOME>                        124,083
<REALIZED-GAINS-CURRENT>                     2,161,365
<APPREC-INCREASE-CURRENT>                  (8,348,583)
<NET-CHANGE-FROM-OPS>                      (6,063,135)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (185)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             23
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                     (4,999,327)
<ACCUMULATED-NII-PRIOR>                         63,875
<ACCUMULATED-GAINS-PRIOR>                      602,101
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          110,921
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                169,412
<AVERAGE-NET-ASSETS>                        33,993,612
<PER-SHARE-NAV-BEGIN>                            16.11
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                         (2.76)
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.34
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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