<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000922447
<NAME> EXCELSIOR INSTITUTIONAL TRUST
<SERIES>
<NUMBER> 122
<NAME> VALUE EQUITY FUND, RETAIL SHARES
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 38,465,077
<INVESTMENTS-AT-VALUE> 46,689,839
<RECEIVABLES> 20,534
<ASSETS-OTHER> 157
<OTHER-ITEMS-ASSETS> 772
<TOTAL-ASSETS> 46,711,302
<PAYABLE-FOR-SECURITIES> 392,900
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 170,938
<TOTAL-LIABILITIES> 563,838
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,273,514
<SHARES-COMMON-STOCK> 12,709
<SHARES-COMMON-PRIOR> 15,766
<ACCUMULATED-NII-CURRENT> 49,073
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,600,212
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,224,665
<NET-ASSETS> 46,147,464
<DIVIDEND-INCOME> 1,168,645
<INTEREST-INCOME> 8,689
<OTHER-INCOME> 0
<EXPENSES-NET> (200,268)
<NET-INVESTMENT-INCOME> 976,718
<REALIZED-GAINS-CURRENT> 14,715,540
<APPREC-INCREASE-CURRENT> (18,737,807)
<NET-CHANGE-FROM-OPS> (3,045,549)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,548)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,882
<NUMBER-OF-SHARES-REDEEMED> (9,282)
<SHARES-REINVESTED> 343
<NET-CHANGE-IN-ASSETS> (8,166,783)
<ACCUMULATED-NII-PRIOR> 688
<ACCUMULATED-GAINS-PRIOR> 884,672
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 162,418
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 240,064
<AVERAGE-NET-ASSETS> 49,547,958
<PER-SHARE-NAV-BEGIN> 21.34
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> (1.59)
<PER-SHARE-DIVIDEND> (0.36)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.75
<EXPENSE-RATIO> 1.05
</TABLE>