<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
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<NUMBER-OF-SHARES-REDEEMED> (249,101)
<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> (8,166,783)
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</TABLE>
