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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
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<PAGE> PAGE 21
072 N001000 21
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072 R001000 2
072 S001000 8
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072 W001000 1
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072 Y001000 247
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073 A011000 0.0200
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074 F001000 95993
074 G001000 0
074 H001000 0
074 I001000 7737
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074 L001000 213
074 M001000 70
074 N001000 105301
074 O001000 1667
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 171
074 S001000 0
074 T001000 103463
074 U011000 10760
074 U021000 0
074 V011000 9.62
074 V021000 0.00
<PAGE> PAGE 22
074 W001000 0.0000
074 X001000 1
074 Y001000 0
075 A001000 0
075 B001000 91016
076 001000 0.00
024 001100 N
025 A001101 MERRILL LYNCH & CO., INC.
025 B001101 13-5674085
025 C001101 E
025 D001101 2150
025 D001102 0
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028 F041100 1727
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037 001100 N
038 001100 0
039 001100 N
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<PAGE> PAGE 23
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 19
044 001100 0
045 001100 Y
046 001100 Y
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
<PAGE> PAGE 24
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
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
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 18345
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<PAGE> PAGE 25
072 B001100 24
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<PAGE> PAGE 26
074 P001100 0
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074 W001100 0.0000
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076 001100 0.00
024 001200 N
028 A011200 1114
028 A021200 0
028 A031200 0
028 A041200 92
028 B011200 386
028 B021200 0
028 B031200 0
028 B041200 111
028 C011200 445
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028 D011200 208
028 D021200 17
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028 E011200 205
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028 F011200 1633
028 F021200 57
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028 G011200 3991
028 G021200 74
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028 G041200 1205
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037 001200 N
038 001200 0
039 001200 N
<PAGE> PAGE 27
040 001200 Y
041 001200 Y
042 A001200 0
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042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 0
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045 001200 Y
046 001200 Y
047 001200 Y
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048 B021200 0.000
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048 C021200 0.000
048 D011200 0
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048 F011200 0
048 F021200 0.000
048 G011200 0
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048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
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048 K011200 0
048 K021200 0.000
062 A001200 N
062 B001200 0.0
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
<PAGE> PAGE 28
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
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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 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
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070 P021200 N
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070 Q021200 N
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070 R021200 N
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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SIGNATURE JOHN CORCORAN
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 9
<NAME> EQUITY FUND
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<S> <C>
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<PERIOD-START> APR-01-1999
<PERIOD-END> SEP-30-1999
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<NUMBER-OF-SHARES-SOLD> 1,005,604
<NUMBER-OF-SHARES-REDEEMED> (810,682)
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<ACCUMULATED-NII-PRIOR> 110,555
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<PER-SHARE-NAV-END> 14.83
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 7
<NAME> INCOME FUND
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<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-01-1999
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<ACCUM-APPREC-OR-DEPREC> (2,053,733)
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<DISTRIBUTIONS-OF-INCOME> (2,136,197)
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<NUMBER-OF-SHARES-SOLD> 2,187,351
<NUMBER-OF-SHARES-REDEEMED> (595,339)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,265,341
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> (24,317)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 240,152
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 333,061
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<PER-SHARE-NAV-BEGIN> 7.00
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<EXPENSE-RATIO> 0.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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-31-2000
<PERIOD-START> APR-01-1999
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,905,645
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<ACCUM-APPREC-OR-DEPREC> 11,669,487
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<OTHER-INCOME> 0
<EXPENSES-NET> (409,299)
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<DISTRIBUTIONS-OF-INCOME> (203,655)
<DISTRIBUTIONS-OF-GAINS> (110,686)
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<NUMBER-OF-SHARES-SOLD> 3,484,962
<NUMBER-OF-SHARES-REDEEMED> (2,054,079)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 24,660,772
<ACCUMULATED-NII-PRIOR> 28,435
<ACCUMULATED-GAINS-PRIOR> (508,833)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 454,817
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 656,082
<AVERAGE-NET-ASSETS> 91,016,373
<PER-SHARE-NAV-BEGIN> 8.45
<PER-SHARE-NII> 0.14
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<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.62
<EXPENSE-RATIO> 0.90
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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-31-2000
<PERIOD-START> APR-01-1999
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 50,028,546
<INVESTMENTS-AT-VALUE> 93,605,353
<RECEIVABLES> 63,280
<ASSETS-OTHER> 53,251
<OTHER-ITEMS-ASSETS> 11
<TOTAL-ASSETS> 93,721,895
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 185,563
<TOTAL-LIABILITIES> 185,563
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,608,630
<SHARES-COMMON-STOCK> 2,895,384
<SHARES-COMMON-PRIOR> 3,195,972
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (93,238)
<ACCUMULATED-NET-GAINS> 13,444,133
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,576,807
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<DIVIDEND-INCOME> 285,935
<INTEREST-INCOME> 23,817
<OTHER-INCOME> 0
<EXPENSES-NET> (402,990)
<NET-INVESTMENT-INCOME> (93,238)
<REALIZED-GAINS-CURRENT> 10,829,425
<APPREC-INCREASE-CURRENT> (14,771,322)
<NET-CHANGE-FROM-OPS> (4,035,135)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 237,730
<NUMBER-OF-SHARES-REDEEMED> (538,318)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,887,387)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,614,708
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 314,669
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 466,646
<AVERAGE-NET-ASSETS> 81,397,179
<PER-SHARE-NAV-BEGIN> 27.55
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (1.02)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.51
<EXPENSE-RATIO> 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 112
<NAME> OPTIMUM GROWTH FUND, SHARES
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-01-1999
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 50,028,546
<INVESTMENTS-AT-VALUE> 93,605,353
<RECEIVABLES> 63,280
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> EXCELSIOR INSTITUTIONAL TRUST
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> EXCELSIOR INSTITUTIONAL TRUST
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