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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 9
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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 16
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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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028 C010900 3767
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028 G010900 15497
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039 000900 N
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<PAGE> PAGE 21
045 000900 Y
046 000900 Y
047 000900 Y
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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
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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
<PAGE> PAGE 22
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
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
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071 B000900 54630
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<PAGE> PAGE 23
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<PAGE> PAGE 24
074 V020900 0.00
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076 000900 0.00
008 A001001 U.S. TRUST COMPANY, N.A.
008 B001001 A
008 C001001 801-0000
008 D011001 LOS ANGELES
008 D021001 CA
008 D031001 90071
008 A001002 HARDING, LOEVNER MANAGEMENT, L.P.
008 B001002 S
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008 D011002 SOMERVILLE
008 D021002 NJ
008 D031002 08876
008 A001003 UNITED STATES TRUST COMPANY OF NEW YORK
008 B001003 A
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008 D011003 NEW YORK
008 D021003 NY
008 D031003 10036
008 D041003 1532
008 A001004 U.S. TRUST COMPANY OF CONNECTICUT
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008 D021004 CT
008 D031004 06905
028 A011000 505
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<PAGE> PAGE 25
028 E041000 2391
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037 001000 N
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041 001000 N
045 001000 Y
046 001000 Y
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048 I021000 0.000
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048 K021000 0.000
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062 C001000 0.0
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062 E001000 0.0
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<PAGE> PAGE 26
062 K001000 0.0
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062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
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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
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
071 B001000 39010
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<PAGE> PAGE 28
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008 A001101 UNITED STATES COMPANY OF NEW YORK
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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
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008 D021102 CT
008 D031102 06905
024 001100 Y
025 A001101 MERRILL LYNCH & CO., INC.
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
070 G011100 Y
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<PAGE> PAGE 32
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008 A001201 UNITED STATES TRUST COMPANY OF NEW YORK
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<PAGE> PAGE 33
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008 A001202 U.S. TRUST COMPANY OF CONNECTICUT
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008 D031202 06905
024 001200 N
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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SIGNATURE JOHN CORCORAN
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
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<NAME> BALANCED FUND, INSTITUTIONAL SHARES
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[AVG-DEBT-OUTSTANDING] 0
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</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> 42
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<S> <C>
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<TOTAL-LIABILITIES> 1,178,211
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,095,310
<SHARES-COMMON-STOCK> 1,025
<SHARES-COMMON-PRIOR> 2,230,982
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<ACCUM-APPREC-OR-DEPREC> 3,798,077
<NET-ASSETS> 33,004,645
<DIVIDEND-INCOME> 824,522
<INTEREST-INCOME> 1,901,267
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<EXPENSES-NET> (493,021)
<NET-INVESTMENT-INCOME> 2,232,768
<REALIZED-GAINS-CURRENT> 5,203,710
<APPREC-INCREASE-CURRENT> (13,305,418)
<NET-CHANGE-FROM-OPS> (5,868,940)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (430,454)
<DISTRIBUTIONS-OF-GAINS> (301)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 79,974
<NUMBER-OF-SHARES-REDEEMED> (2,342,728)
<SHARES-REINVESTED> 32,797
<NET-CHANGE-IN-ASSETS> (56,897,874)
<ACCUMULATED-NII-PRIOR> 726,375
<ACCUMULATED-GAINS-PRIOR> 4,135,338
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 427,031
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 669,019
<AVERAGE-NET-ASSETS> 65,678,646
<PER-SHARE-NAV-BEGIN> 9.07
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.73)
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> (0.30)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.10
<EXPENSE-RATIO> 1.05
[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> 9
<NAME> EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 113,563,411
<INVESTMENTS-AT-VALUE> 180,488,186
<RECEIVABLES> 299,698
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<OTHER-ITEMS-ASSETS> 2,673
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 681,937
<TOTAL-LIABILITIES> 681,937
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,439,886
<SHARES-COMMON-STOCK> 12,042,921
<SHARES-COMMON-PRIOR> 10,896,706
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 66,924,775
<NET-ASSETS> 180,109,618
<DIVIDEND-INCOME> 1,381,462
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<EXPENSES-NET> (1,059,177)
<NET-INVESTMENT-INCOME> 431,024
<REALIZED-GAINS-CURRENT> 11,056,827
<APPREC-INCREASE-CURRENT> 18,360,482
<NET-CHANGE-FROM-OPS> 29,848,333
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (435,000)
<DISTRIBUTIONS-OF-GAINS> (2,446,333)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,624,176
<NUMBER-OF-SHARES-REDEEMED> (2,478,541)
<SHARES-REINVESTED> 580
<NET-CHANGE-IN-ASSETS> (41,781,521)
<ACCUMULATED-NII-PRIOR> 114,531
<ACCUMULATED-GAINS-PRIOR> 2,735,998
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 983,512
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,357,756
<AVERAGE-NET-ASSETS> 151,502,763
<PER-SHARE-NAV-BEGIN> 12.69
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 2.47
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.20)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.96
<EXPENSE-RATIO> 0.70
[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
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 68,404,052
<INVESTMENTS-AT-VALUE> 67,894,219
<RECEIVABLES> 550,022
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<OTHER-ITEMS-ASSETS> 1,337
<TOTAL-ASSETS> 68,445,578
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,205,875
<TOTAL-LIABILITIES> 1,205,875
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,665,793
<SHARES-COMMON-STOCK> 8,763,004
<SHARES-COMMON-PRIOR> 9,612,414
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (24,317)
<ACCUMULATED-NET-GAINS> 108,060
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (509,833)
<NET-ASSETS> 67,239,703
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,861,787
<OTHER-INCOME> 0
<EXPENSES-NET> (318,033)
<NET-INVESTMENT-INCOME> 3,543,754
<REALIZED-GAINS-CURRENT> 1,294,824
<APPREC-INCREASE-CURRENT> (1,175,763)
<NET-CHANGE-FROM-OPS> 3,662,815
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,562,573)
<DISTRIBUTIONS-OF-GAINS> (2,171,930)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,221,301
<NUMBER-OF-SHARES-REDEEMED> (100,468)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,865,554
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 983,197
<OVERDISTRIB-NII-PRIOR> (3,529)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 413,443
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 580,886
<AVERAGE-NET-ASSETS> 63,596,452
<PER-SHARE-NAV-BEGIN> 7.23
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (0.25)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.00
<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> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 77,915,556
<INVESTMENTS-AT-VALUE> 79,532,959
<RECEIVABLES> 1,901,364
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<OTHER-ITEMS-ASSETS> 618
<TOTAL-ASSETS> 81,435,186
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,633,287
<TOTAL-LIABILITIES> 2,633,287
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,665,528
<SHARES-COMMON-STOCK> 9,328,980
<SHARES-COMMON-PRIOR> 4,181,608
<ACCUMULATED-NII-CURRENT> 28,435
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,616,769)
<NET-ASSETS> 78,801,899
<DIVIDEND-INCOME> 843,596
<INTEREST-INCOME> 108,645
<OTHER-INCOME> 0
<EXPENSES-NET> (375,702)
<NET-INVESTMENT-INCOME> 493,722
<REALIZED-GAINS-CURRENT> 1,553,027
<APPREC-INCREASE-CURRENT> (4,174,008)
<NET-CHANGE-FROM-OPS> (2,127,259)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (646,625)
<DISTRIBUTIONS-OF-GAINS> (1,213,291)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,789,693
<NUMBER-OF-SHARES-REDEEMED> (2,642,321)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 38,365,545
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 13,600
<OVERDISTRIB-NII-PRIOR> (110,649)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 417,506
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 638,919
<AVERAGE-NET-ASSETS> 41,783,432
<PER-SHARE-NAV-BEGIN> 9.67
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> (0.79)
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (0.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.45
<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> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 41,784,940
<INVESTMENTS-AT-VALUE> 100,133,069
<RECEIVABLES> 460,629
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<OTHER-ITEMS-ASSETS> 1,163
<TOTAL-ASSETS> 100,595,503
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 136,649
<TOTAL-LIABILITIES> 136,649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,496,017
<SHARES-COMMON-STOCK> 88,044,767
<SHARES-COMMON-PRIOR> 3,149,996
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,614,708)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 58,348,129
<NET-ASSETS> 100,458,854
<DIVIDEND-INCOME> 464,280
<INTEREST-INCOME> 37,768
<OTHER-INCOME> 0
<EXPENSES-NET> (529,504)
<NET-INVESTMENT-INCOME> (27,456)
<REALIZED-GAINS-CURRENT> 4,906,503
<APPREC-INCREASE-CURRENT> 35,505,018
<NET-CHANGE-FROM-OPS> 40,384,065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,785)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 812,340
<NUMBER-OF-SHARES-REDEEMED> (766,399)
<SHARES-REINVESTED> 35
<NET-CHANGE-IN-ASSETS> 2,043,046
<ACCUMULATED-NII-PRIOR> 6,771
<ACCUMULATED-GAINS-PRIOR> (2,505,791)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 460,546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 685,313
<AVERAGE-NET-ASSETS> 71,030,879
<PER-SHARE-NAV-BEGIN> 16.33
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 11.22
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 27.55
<EXPENSE-RATIO> 0.71
[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> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 41,784,940
<INVESTMENTS-AT-VALUE> 100,133,069
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<OTHER-ITEMS-ASSETS> 1,163
<TOTAL-ASSETS> 100,595,503
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 136,649
<TOTAL-LIABILITIES> 136,649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,496,017
<SHARES-COMMON-STOCK> 12,414,087
<SHARES-COMMON-PRIOR> 404,733
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,614,708)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 58,348,129
<NET-ASSETS> 100,458,854
<DIVIDEND-INCOME> 464,280
<INTEREST-INCOME> 37,768
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<EXPENSES-NET> (529,504)
<NET-INVESTMENT-INCOME> (27,456)
<REALIZED-GAINS-CURRENT> 4,906,503
<APPREC-INCREASE-CURRENT> 35,505,018
<NET-CHANGE-FROM-OPS> 40,384,065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 105,092
<NUMBER-OF-SHARES-REDEEMED> (56,822)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,043,046
<ACCUMULATED-NII-PRIOR> 6,771
<ACCUMULATED-GAINS-PRIOR> (2,505,791)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 460,546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 685,313
<AVERAGE-NET-ASSETS> 71,030,879
<PER-SHARE-NAV-BEGIN> 16.31
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 11.15
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<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 27.40
<EXPENSE-RATIO> 1.05
[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> 8
<NAME> TOTAL RETURN BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 251,996,858
<INVESTMENTS-AT-VALUE> 250,468,649
<RECEIVABLES> 2,587,799
<ASSETS-OTHER> 750
<OTHER-ITEMS-ASSETS> 4,150
<TOTAL-ASSETS> 253,061,348
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,447,461
<TOTAL-LIABILITIES> 1,447,461
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 253,649,105
<SHARES-COMMON-STOCK> 34,381,863
<SHARES-COMMON-PRIOR> 22,345,546
<ACCUMULATED-NII-CURRENT> 16,857
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (523,866)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,528,209)
<NET-ASSETS> 251,613,887
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12,166,627
<OTHER-INCOME> 0
<EXPENSES-NET> (1,009,928)
<NET-INVESTMENT-INCOME> 11,156,699
<REALIZED-GAINS-CURRENT> 3,877,687
<APPREC-INCREASE-CURRENT> (4,548,009)
<NET-CHANGE-FROM-OPS> 10,486,377
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,156,710)
<DISTRIBUTIONS-OF-GAINS> (6,012,935)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17,447,012
<NUMBER-OF-SHARES-REDEEMED> (5,458,140)
<SHARES-REINVESTED> 47,445
<NET-CHANGE-IN-ASSETS> 83,902,632
<ACCUMULATED-NII-PRIOR> 35,252
<ACCUMULATED-GAINS-PRIOR> 1,592,998
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,312,435
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,791,902
<AVERAGE-NET-ASSETS> 201,917,461
<PER-SHARE-NAV-BEGIN> 7.51
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> (0.42)
<PER-SHARE-DISTRIBUTIONS> (0.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.32
<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> 121
<NAME> VALUE EQUITY FUND, INSTITUTIONAL SHARES
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 28,434,616
<INVESTMENTS-AT-VALUE> 39,702,423
<RECEIVABLES> 1,695,859
<ASSETS-OTHER> 525
<OTHER-ITEMS-ASSETS> 685
<TOTAL-ASSETS> 41,399,492
<PAYABLE-FOR-SECURITIES> 1,215,600
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 752,748
<TOTAL-LIABILITIES> 1,968,348
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,635,728
<SHARES-COMMON-STOCK> 2,563,525
<SHARES-COMMON-PRIOR> 2,157,021
<ACCUMULATED-NII-CURRENT> 87,696
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 439,024
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,268,696
<NET-ASSETS> 39,431,144
<DIVIDEND-INCOME> 538,890
<INTEREST-INCOME> 8,154
<OTHER-INCOME> 0
<EXPENSES-NET> (245,581)
<NET-INVESTMENT-INCOME> 301,463
<REALIZED-GAINS-CURRENT> 2,730,623
<APPREC-INCREASE-CURRENT> (1,255,930)
<NET-CHANGE-FROM-OPS> 1,776,156
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (276,362)
<DISTRIBUTIONS-OF-GAINS> (3,002,331)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 466,461
<NUMBER-OF-SHARES-REDEEMED> (59,957)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,587,670
<ACCUMULATED-NII-PRIOR> 63,875
<ACCUMULATED-GAINS-PRIOR> 602,101
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 226,293
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 336,836
<AVERAGE-NET-ASSETS> 34,856,980
<PER-SHARE-NAV-BEGIN> 16.12
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.52
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (1.32)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.33
<EXPENSE-RATIO> 0.70
[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> 122
<NAME> VALUE EQUITY FUND, SHARES
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-START> APR-01-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 28,434,616
<INVESTMENTS-AT-VALUE> 39,702,423
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>