<PAGE> PAGE 1
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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 9
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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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<PAGE> PAGE 21
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015 A000501 U.S. NATIONAL BANK OF OREGON
015 B000501 C
015 C010501 PORTLAND
015 C020501 OR
<PAGE> PAGE 22
015 C030501 97208
015 E030501 X
028 A010500 5411
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<PAGE> PAGE 23
042 D000500 85
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<PAGE> PAGE 24
063 A000500 0
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068 A000500 N
068 B000500 N
069 000500 N
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070 B010500 Y
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070 E020500 N
070 F010500 Y
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070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
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070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
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070 M010500 Y
070 M020500 N
070 N010500 Y
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070 P020500 N
070 Q010500 N
070 Q020500 N
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070 R020500 N
071 A000500 56911
071 B000500 37103
<PAGE> PAGE 25
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<PAGE> PAGE 26
074 M000500 25
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015 A000601 U.S. NATIONAL BANK OF OREGON
015 B000601 C
015 C010601 PORTLAND
015 C020601 OR
015 C030601 97208
015 E030601 X
028 A010600 5954
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
070 G020600 N
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070 R020600 N
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<PAGE> PAGE 30
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015 A000701 DELETE
015 A000801 U.S. NATIONAL BANK OF OREGON
015 B000801 C
015 C010801 PORTLAND
015 C020801 OR
<PAGE> PAGE 31
015 C030801 97208
015 E030801 X
015 A000901 U.S. NATIONAL BANK OF OREGON
015 B000901 C
015 C010901 PORTLAND
015 C020901 OR
015 C030901 97208
015 E030901 X
028 A010900 4692
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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015 A001001 U.S. NATIONAL BANK OF OREGON
015 B001001 C
015 C011001 PORTLAND
015 C021001 OR
015 C031001 97208
015 E031001 X
028 A011000 4925
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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015 A001101 BANK OF NEW YORK
015 B001101 C
015 C011101 NEW YORK
015 C021101 NY
015 C031101 10286
<PAGE> PAGE 40
015 E031101 X
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<PAGE> PAGE 41
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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
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
<PAGE> PAGE 42
063 B001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 Y
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067 001100 N
068 A001100 N
068 B001100 Y
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 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 61470
071 B001100 51710
071 C001100 136823
<PAGE> PAGE 43
071 D001100 38
072 A001100 6
072 B001100 103
072 C001100 651
072 D001100 0
072 E001100 -106
072 F001100 257
072 G001100 55
072 H001100 0
072 I001100 104
072 J001100 31
072 K001100 0
072 L001100 16
072 M001100 3
072 N001100 10
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 0
072 S001100 6
072 T001100 2
072 U001100 3
072 V001100 0
072 W001100 87
072 X001100 574
072 Y001100 215
072 Z001100 289
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072DD021100 4
072EE001100 2
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073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 0
074 B001100 2342
074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 116465
074 G001100 0
074 H001100 0
074 I001100 10
074 J001100 0
074 K001100 0
074 L001100 207
074 M001100 66
<PAGE> PAGE 44
074 N001100 119090
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
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074 S001100 0
074 T001100 119040
074 U011100 11039
074 U021100 2010
074 V011100 10.60
074 V021100 10.57
074 W001100 0.0000
074 X001100 38
074 Y001100 0
075 A001100 0
075 B001100 84815
076 001100 0.00
SIGNATURE PRATIK H. DALAL
TITLE FIN. RPTG. ANALYST
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000923499
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<AVG-DEBT-PER-SHARE> 0
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<F1>Class A Shares
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<NAME> QUALIVEST U.S. TREASURY MONEY MARKET, CLASS A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<NAME> QUALIVEST U.S. TREASURY MONEY MARKET, CLASS Y
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<NAME> QUALIVEST U.S. TREASURY MONEY MARKET, CLASS Q
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<NAME> QUALIVEST TAX-FREE MONEY MARKET FUND, CLASS A
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</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 32
<NAME> QUALIVEST TAX-FREE MONEY MARKET FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 37670893
<INVESTMENTS-AT-VALUE> 37670893
<RECEIVABLES> 256446
<ASSETS-OTHER> 3028
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37930367
<PAYABLE-FOR-SECURITIES> 551838
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58474
<TOTAL-LIABILITIES> 697494
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37232873
<SHARES-COMMON-STOCK> 37232873
<SHARES-COMMON-PRIOR> 34832318
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 37232873
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 719637
<OTHER-INCOME> 0
<EXPENSES-NET> 170588
<NET-INVESTMENT-INCOME> 549049
<REALIZED-GAINS-CURRENT> 2297
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 551346
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 549049
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 46078897
<NUMBER-OF-SHARES-REDEEMED> 44225217
<SHARES-REINVESTED> 544402
<NET-CHANGE-IN-ASSETS> 2400379
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 176
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 64225
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234813
<AVERAGE-NET-ASSETS> 33731<F1>
<PER-SHARE-NAV-BEGIN> 1.000<F1>
<PER-SHARE-NII> .017<F1>
<PER-SHARE-GAIN-APPREC> .000<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .017<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 1.000<F1>
<EXPENSE-RATIO> .510<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 33
<NAME> QUALIVEST TAX-FREE MONEY MARKET FUND, CLASS Q
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 37670893
<INVESTMENTS-AT-VALUE> 37670893
<RECEIVABLES> 256446
<ASSETS-OTHER> 3028
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37930367
<PAYABLE-FOR-SECURITIES> 551838
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58474
<TOTAL-LIABILITIES> 697494
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37232873
<SHARES-COMMON-STOCK> 37232873
<SHARES-COMMON-PRIOR> 34832318
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 37232873
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 719637
<OTHER-INCOME> 0
<EXPENSES-NET> 170588
<NET-INVESTMENT-INCOME> 549049
<REALIZED-GAINS-CURRENT> 2297
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 551346
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 549049
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 46078897
<NUMBER-OF-SHARES-REDEEMED> 44225217
<SHARES-REINVESTED> 544402
<NET-CHANGE-IN-ASSETS> 2400379
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 176
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 64225
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234813
<AVERAGE-NET-ASSETS> 1706041<F1>
<PER-SHARE-NAV-BEGIN> 1.000<F1>
<PER-SHARE-NII> .016<F1>
<PER-SHARE-GAIN-APPREC> .000<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .016<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 1.000<F1>
<EXPENSE-RATIO> .780<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Q Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 41
<NAME> QUALIVEST INTERMEDIATE BOND FUND, CLASS A
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 146232408
<INVESTMENTS-AT-VALUE> 151666482
<RECEIVABLES> 2092812
<ASSETS-OTHER> 26507
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 153785801
<PAYABLE-FOR-SECURITIES> 2000000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95354
<TOTAL-LIABILITIES> 2095354
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 145427413
<SHARES-COMMON-STOCK> 14520131
<SHARES-COMMON-PRIOR> 13975236
<ACCUMULATED-NII-CURRENT> 353809
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2565602
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3343623
<NET-ASSETS> 151690447
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4608408
<OTHER-INCOME> 0
<EXPENSES-NET> 548223
<NET-INVESTMENT-INCOME> 4060185
<REALIZED-GAINS-CURRENT> 993468
<APPREC-INCREASE-CURRENT> 3083920
<NET-CHANGE-FROM-OPS> 8137573
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4013416
<DISTRIBUTIONS-OF-GAINS> 33885
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2835181
<NUMBER-OF-SHARES-REDEEMED> 2679623
<SHARES-REINVESTED> 389337
<NET-CHANGE-IN-ASSETS> 9777707
<ACCUMULATED-NII-PRIOR> 307040
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 484433
<GROSS-ADVISORY-FEES> 434933
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 657968
<AVERAGE-NET-ASSETS> 473191<F1>
<PER-SHARE-NAV-BEGIN> 10.060<F1>
<PER-SHARE-NII> .290<F1>
<PER-SHARE-GAIN-APPREC> .280<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .280<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.35<F1>
<EXPENSE-RATIO> 1.010<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 42
<NAME> QUALIVEST INTERMEDIATE BOND FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 146232408
<INVESTMENTS-AT-VALUE> 151666482
<RECEIVABLES> 2092812
<ASSETS-OTHER> 26507
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 153785801
<PAYABLE-FOR-SECURITIES> 2000000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95354
<TOTAL-LIABILITIES> 2095354
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 145427413
<SHARES-COMMON-STOCK> 14520131
<SHARES-COMMON-PRIOR> 13975236
<ACCUMULATED-NII-CURRENT> 353809
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2565602
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3343623
<NET-ASSETS> 151690447
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4608408
<OTHER-INCOME> 0
<EXPENSES-NET> 548223
<NET-INVESTMENT-INCOME> 4060185
<REALIZED-GAINS-CURRENT> 993468
<APPREC-INCREASE-CURRENT> 3083920
<NET-CHANGE-FROM-OPS> 8137573
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4013416
<DISTRIBUTIONS-OF-GAINS> 33885
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2835181
<NUMBER-OF-SHARES-REDEEMED> 2679623
<SHARES-REINVESTED> 389337
<NET-CHANGE-IN-ASSETS> 9777707
<ACCUMULATED-NII-PRIOR> 307040
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 484433
<GROSS-ADVISORY-FEES> 434933
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 657968
<AVERAGE-NET-ASSETS> 143180644<F1>
<PER-SHARE-NAV-BEGIN> 10.160<F1>
<PER-SHARE-NII> .290<F1>
<PER-SHARE-GAIN-APPREC> .290<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .290<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.45<F1>
<EXPENSE-RATIO> .750<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 43
<NAME> QUALIVEST INTERMEDIATE BOND FUND, CLASS C
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 146232408
<INVESTMENTS-AT-VALUE> 151666482
<RECEIVABLES> 2092812
<ASSETS-OTHER> 26507
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 153785801
<PAYABLE-FOR-SECURITIES> 2000000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95354
<TOTAL-LIABILITIES> 2095354
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 145427413
<SHARES-COMMON-STOCK> 14520131
<SHARES-COMMON-PRIOR> 13975236
<ACCUMULATED-NII-CURRENT> 353809
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2565602
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3343623
<NET-ASSETS> 151690447
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4608408
<OTHER-INCOME> 0
<EXPENSES-NET> 548223
<NET-INVESTMENT-INCOME> 4060185
<REALIZED-GAINS-CURRENT> 993468
<APPREC-INCREASE-CURRENT> 3083920
<NET-CHANGE-FROM-OPS> 8137573
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4013416
<DISTRIBUTIONS-OF-GAINS> 33885
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2835181
<NUMBER-OF-SHARES-REDEEMED> 2679623
<SHARES-REINVESTED> 389337
<NET-CHANGE-IN-ASSETS> 9777707
<ACCUMULATED-NII-PRIOR> 307040
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 484433
<GROSS-ADVISORY-FEES> 434933
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 657968
<AVERAGE-NET-ASSETS> 141874<F1>
<PER-SHARE-NAV-BEGIN> 9.96<F1>
<PER-SHARE-NII> .240<F1>
<PER-SHARE-GAIN-APPREC> .290<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .240<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.25<F1>
<EXPENSE-RATIO> 1.750<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 51
<NAME> QUALIVEST SMALL COMPANIES VALUE FUND, CLASS A
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 219304407
<INVESTMENTS-AT-VALUE> 266504422
<RECEIVABLES> 265393
<ASSETS-OTHER> 25267
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 266795082
<PAYABLE-FOR-SECURITIES> 1983090
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 220012
<TOTAL-LIABILITIES> 2204102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 211230791
<SHARES-COMMON-STOCK> 19839770
<SHARES-COMMON-PRIOR> 15933555
<ACCUMULATED-NII-CURRENT> 11053
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6149121
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47200015
<NET-ASSETS> 264590980
<DIVIDEND-INCOME> 456717
<INTEREST-INCOME> 1314432
<OTHER-INCOME> 0
<EXPENSES-NET> 1266491
<NET-INVESTMENT-INCOME> 504658
<REALIZED-GAINS-CURRENT> 12232603
<APPREC-INCREASE-CURRENT> 8048404
<NET-CHANGE-FROM-OPS> 20785665
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 696843
<DISTRIBUTIONS-OF-GAINS> 18198109
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4962828
<NUMBER-OF-SHARES-REDEEMED> 2525151
<SHARES-REINVESTED> 1468537
<NET-CHANGE-IN-ASSETS> 53396362
<ACCUMULATED-NII-PRIOR> 203238
<ACCUMULATED-GAINS-PRIOR> 12114627
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 929546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1266491
<AVERAGE-NET-ASSETS> 3280062<F1>
<PER-SHARE-NAV-BEGIN> 13.230<F1>
<PER-SHARE-NII> .030<F1>
<PER-SHARE-GAIN-APPREC> 1.230<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> 1.140<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 13.350<F1>
<EXPENSE-RATIO> 1.330<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 52
<NAME> QUALIVEST SMALL COMPANIES VALUE FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 219304407
<INVESTMENTS-AT-VALUE> 266504422
<RECEIVABLES> 265393
<ASSETS-OTHER> 25267
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 266795082
<PAYABLE-FOR-SECURITIES> 1983090
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 220012
<TOTAL-LIABILITIES> 2204102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 211230791
<SHARES-COMMON-STOCK> 19839770
<SHARES-COMMON-PRIOR> 15933555
<ACCUMULATED-NII-CURRENT> 11053
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6149121
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47200015
<NET-ASSETS> 264590980
<DIVIDEND-INCOME> 456717
<INTEREST-INCOME> 1314432
<OTHER-INCOME> 0
<EXPENSES-NET> 1266491
<NET-INVESTMENT-INCOME> 504658
<REALIZED-GAINS-CURRENT> 12232603
<APPREC-INCREASE-CURRENT> 8048404
<NET-CHANGE-FROM-OPS> 20785665
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 696843
<DISTRIBUTIONS-OF-GAINS> 18198109
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4962828
<NUMBER-OF-SHARES-REDEEMED> 2525151
<SHARES-REINVESTED> 1468537
<NET-CHANGE-IN-ASSETS> 53396362
<ACCUMULATED-NII-PRIOR> 203238
<ACCUMULATED-GAINS-PRIOR> 12114627
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 929546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1266491
<AVERAGE-NET-ASSETS> 227538640<F1>
<PER-SHARE-NAV-BEGIN> 13.260<F1>
<PER-SHARE-NII> .030<F1>
<PER-SHARE-GAIN-APPREC> 1.200<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> 1.150<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 13.340<F1>
<EXPENSE-RATIO> 1.080<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 53
<NAME> QUALIVEST SMALL COMPANIES VALUE FUND, CLASS C
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 219304407
<INVESTMENTS-AT-VALUE> 266504422
<RECEIVABLES> 265393
<ASSETS-OTHER> 25267
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 266795082
<PAYABLE-FOR-SECURITIES> 1983090
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 220012
<TOTAL-LIABILITIES> 2204102
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 211230791
<SHARES-COMMON-STOCK> 19839770
<SHARES-COMMON-PRIOR> 15933555
<ACCUMULATED-NII-CURRENT> 11053
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6149121
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47200015
<NET-ASSETS> 264590980
<DIVIDEND-INCOME> 456717
<INTEREST-INCOME> 1314432
<OTHER-INCOME> 0
<EXPENSES-NET> 1266491
<NET-INVESTMENT-INCOME> 504658
<REALIZED-GAINS-CURRENT> 12232603
<APPREC-INCREASE-CURRENT> 8048404
<NET-CHANGE-FROM-OPS> 20785665
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 696843
<DISTRIBUTIONS-OF-GAINS> 18198109
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4962828
<NUMBER-OF-SHARES-REDEEMED> 2525151
<SHARES-REINVESTED> 1468537
<NET-CHANGE-IN-ASSETS> 53396362
<ACCUMULATED-NII-PRIOR> 203238
<ACCUMULATED-GAINS-PRIOR> 12114627
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 929546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1266491
<AVERAGE-NET-ASSETS> 603434<F1>
<PER-SHARE-NAV-BEGIN> 13.140<F1>
<PER-SHARE-NII> (.010)<F1>
<PER-SHARE-GAIN-APPREC> 1.150<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> 1.110<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 13.170<F1>
<EXPENSE-RATIO> 2.070<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 61
<NAME> QUALIVEST LARGE COMPANIES VALUE FUND, CLASS A
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 91126300
<INVESTMENTS-AT-VALUE> 107092335
<RECEIVABLES> 1183324
<ASSETS-OTHER> 9942
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108285601
<PAYABLE-FOR-SECURITIES> 657249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 78916
<TOTAL-LIABILITIES> 736165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88759301
<SHARES-COMMON-STOCK> 8948130
<SHARES-COMMON-PRIOR> 8129615
<ACCUMULATED-NII-CURRENT> 151153
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2672947
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15966035
<NET-ASSETS> 107549436
<DIVIDEND-INCOME> 1075274
<INTEREST-INCOME> 300588
<OTHER-INCOME> 0
<EXPENSES-NET> 466264
<NET-INVESTMENT-INCOME> 909598
<REALIZED-GAINS-CURRENT> 5564189
<APPREC-INCREASE-CURRENT> 1537061
<NET-CHANGE-FROM-OPS> 8010848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1091817
<DISTRIBUTIONS-OF-GAINS> 7925198
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1475135
<NUMBER-OF-SHARES-REDEEMED> 1443554
<SHARES-REINVESTED> 786934
<NET-CHANGE-IN-ASSETS> 8095079
<ACCUMULATED-NII-PRIOR> 333372
<ACCUMULATED-GAINS-PRIOR> 5033956
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 371849
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 541579
<AVERAGE-NET-ASSETS> 1552136<F1>
<PER-SHARE-NAV-BEGIN> 12.200<F1>
<PER-SHARE-NII> .100<F1>
<PER-SHARE-GAIN-APPREC> .790<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> 1.120<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 11.970<F1>
<EXPENSE-RATIO> 1.180<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 62
<NAME> QUALIVEST LARGE COMPANIES VALUE FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 91126300
<INVESTMENTS-AT-VALUE> 107092335
<RECEIVABLES> 1183324
<ASSETS-OTHER> 9942
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108285601
<PAYABLE-FOR-SECURITIES> 657249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 78916
<TOTAL-LIABILITIES> 736165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88759301
<SHARES-COMMON-STOCK> 8948130
<SHARES-COMMON-PRIOR> 8129615
<ACCUMULATED-NII-CURRENT> 151153
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2672947
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15966035
<NET-ASSETS> 107549436
<DIVIDEND-INCOME> 1075274
<INTEREST-INCOME> 300588
<OTHER-INCOME> 0
<EXPENSES-NET> 466264
<NET-INVESTMENT-INCOME> 909598
<REALIZED-GAINS-CURRENT> 5564189
<APPREC-INCREASE-CURRENT> 1537061
<NET-CHANGE-FROM-OPS> 8010848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1091817
<DISTRIBUTIONS-OF-GAINS> 7925198
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1475135
<NUMBER-OF-SHARES-REDEEMED> 1443554
<SHARES-REINVESTED> 786934
<NET-CHANGE-IN-ASSETS> 8095079
<ACCUMULATED-NII-PRIOR> 333372
<ACCUMULATED-GAINS-PRIOR> 5033956
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 371849
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 541579
<AVERAGE-NET-ASSETS> 96438391<F1>
<PER-SHARE-NAV-BEGIN> 12.230<F1>
<PER-SHARE-NII> .110<F1>
<PER-SHARE-GAIN-APPREC> .810<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> 1.130<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 12.020<F1>
<EXPENSE-RATIO> .930<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 63
<NAME> QUALIVEST LARGE COMPANIES VALUE FUND, CLASS C
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 91126300
<INVESTMENTS-AT-VALUE> 107092335
<RECEIVABLES> 1183324
<ASSETS-OTHER> 9942
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108285601
<PAYABLE-FOR-SECURITIES> 657249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 78916
<TOTAL-LIABILITIES> 736165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88759301
<SHARES-COMMON-STOCK> 8948130
<SHARES-COMMON-PRIOR> 8129615
<ACCUMULATED-NII-CURRENT> 151153
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2672947
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15966035
<NET-ASSETS> 107549436
<DIVIDEND-INCOME> 1075274
<INTEREST-INCOME> 300588
<OTHER-INCOME> 0
<EXPENSES-NET> 466264
<NET-INVESTMENT-INCOME> 909598
<REALIZED-GAINS-CURRENT> 5564189
<APPREC-INCREASE-CURRENT> 1537061
<NET-CHANGE-FROM-OPS> 8010848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1091817
<DISTRIBUTIONS-OF-GAINS> 7925198
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1475135
<NUMBER-OF-SHARES-REDEEMED> 1443554
<SHARES-REINVESTED> 786934
<NET-CHANGE-IN-ASSETS> 8095079
<ACCUMULATED-NII-PRIOR> 333372
<ACCUMULATED-GAINS-PRIOR> 5033956
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 371849
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 541579
<AVERAGE-NET-ASSETS> 360922<F1>
<PER-SHARE-NAV-BEGIN> 12.040<F1>
<PER-SHARE-NII> .080<F1>
<PER-SHARE-GAIN-APPREC> .760<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> 1.070<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 11.810<F1>
<EXPENSE-RATIO> 1.920<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 91
<NAME> QUALIVEST DIVERSIFIED BOND FUND, CLASS A
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 141489949
<INVESTMENTS-AT-VALUE> 145670102
<RECEIVABLES> 2144257
<ASSETS-OTHER> 18691
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147833050
<PAYABLE-FOR-SECURITIES> 526053
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63882
<TOTAL-LIABILITIES> 589935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141240585
<SHARES-COMMON-STOCK> 13907719
<SHARES-COMMON-PRIOR> 9616506
<ACCUMULATED-NII-CURRENT> 353157
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1469219
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4180154
<NET-ASSETS> 147243115
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3719393
<OTHER-INCOME> 0
<EXPENSES-NET> 360276
<NET-INVESTMENT-INCOME> 3359117
<REALIZED-GAINS-CURRENT> 1934859
<APPREC-INCREASE-CURRENT> 2567415
<NET-CHANGE-FROM-OPS> 7861391
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3227782
<DISTRIBUTIONS-OF-GAINS> 1725165
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4193249
<NUMBER-OF-SHARES-REDEEMED> 372746
<SHARES-REINVESTED> 470710
<NET-CHANGE-IN-ASSETS> 47896570
<ACCUMULATED-NII-PRIOR> 221822
<ACCUMULATED-GAINS-PRIOR> 1259526
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 352464
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 537382
<AVERAGE-NET-ASSETS> 41164<F1>
<PER-SHARE-NAV-BEGIN> 10.180<F1>
<PER-SHARE-NII> .410<F1>
<PER-SHARE-GAIN-APPREC> .250<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .440<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.400<F1>
<EXPENSE-RATIO> .860<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 92
<NAME> QUALIVEST DIVERSIFIED BOND FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 141489949
<INVESTMENTS-AT-VALUE> 145670102
<RECEIVABLES> 2144257
<ASSETS-OTHER> 18691
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147833050
<PAYABLE-FOR-SECURITIES> 526053
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63882
<TOTAL-LIABILITIES> 589935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141240585
<SHARES-COMMON-STOCK> 13907719
<SHARES-COMMON-PRIOR> 9616506
<ACCUMULATED-NII-CURRENT> 353157
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1469219
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4180154
<NET-ASSETS> 147243115
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3719393
<OTHER-INCOME> 0
<EXPENSES-NET> 360276
<NET-INVESTMENT-INCOME> 3359117
<REALIZED-GAINS-CURRENT> 1934859
<APPREC-INCREASE-CURRENT> 2567415
<NET-CHANGE-FROM-OPS> 7861391
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3227782
<DISTRIBUTIONS-OF-GAINS> 1725165
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4193249
<NUMBER-OF-SHARES-REDEEMED> 372746
<SHARES-REINVESTED> 470710
<NET-CHANGE-IN-ASSETS> 47896570
<ACCUMULATED-NII-PRIOR> 221822
<ACCUMULATED-GAINS-PRIOR> 1259526
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 352464
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 537382
<AVERAGE-NET-ASSETS> 116488924<F1>
<PER-SHARE-NAV-BEGIN> 10.330<F1>
<PER-SHARE-NII> .300<F1>
<PER-SHARE-GAIN-APPREC> .420<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .460<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.590<F1>
<EXPENSE-RATIO> .610<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 93
<NAME> QUALIVEST DIVERSIFIED BOND FUND, CLASS C
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 141489949
<INVESTMENTS-AT-VALUE> 145670102
<RECEIVABLES> 2144257
<ASSETS-OTHER> 18691
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147833050
<PAYABLE-FOR-SECURITIES> 526053
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63882
<TOTAL-LIABILITIES> 589935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141240585
<SHARES-COMMON-STOCK> 13907719
<SHARES-COMMON-PRIOR> 9616506
<ACCUMULATED-NII-CURRENT> 353157
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1469219
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4180154
<NET-ASSETS> 147243115
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3719393
<OTHER-INCOME> 0
<EXPENSES-NET> 360276
<NET-INVESTMENT-INCOME> 3359117
<REALIZED-GAINS-CURRENT> 1934859
<APPREC-INCREASE-CURRENT> 2567415
<NET-CHANGE-FROM-OPS> 7861391
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3227782
<DISTRIBUTIONS-OF-GAINS> 1725165
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4193249
<NUMBER-OF-SHARES-REDEEMED> 372746
<SHARES-REINVESTED> 470710
<NET-CHANGE-IN-ASSETS> 47896570
<ACCUMULATED-NII-PRIOR> 221822
<ACCUMULATED-GAINS-PRIOR> 1259526
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 352464
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 537382
<AVERAGE-NET-ASSETS> 10<F1>
<PER-SHARE-NAV-BEGIN> 10.220<F1>
<PER-SHARE-NII> .000<F1>
<PER-SHARE-GAIN-APPREC> .280<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .410<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.090<F1>
<EXPENSE-RATIO> .400<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 101
<NAME> QUALIVEST OPTIMIZED STOCK FUND, CLASS A
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 177783167
<INVESTMENTS-AT-VALUE> 205475641
<RECEIVABLES> 304714
<ASSETS-OTHER> 25132
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 205805487
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86580
<TOTAL-LIABILITIES> 86580
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 176069580
<SHARES-COMMON-STOCK> 17039413
<SHARES-COMMON-PRIOR> 13593734
<ACCUMULATED-NII-CURRENT> 211512
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1745342
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27692473
<NET-ASSETS> 205718907
<DIVIDEND-INCOME> 1965022
<INTEREST-INCOME> 81562
<OTHER-INCOME> 0
<EXPENSES-NET> 497918
<NET-INVESTMENT-INCOME> 1548666
<REALIZED-GAINS-CURRENT> 3860823
<APPREC-INCREASE-CURRENT> 16050165
<NET-CHANGE-FROM-OPS> 21459654
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1862279
<DISTRIBUTIONS-OF-GAINS> 2704958
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3816241
<NUMBER-OF-SHARES-REDEEMED> 764498
<SHARES-REINVESTED> 393936
<NET-CHANGE-IN-ASSETS> 56881445
<ACCUMULATED-NII-PRIOR> 525124
<ACCUMULATED-GAINS-PRIOR> 589477
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 415119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668755
<AVERAGE-NET-ASSETS> 162788<F1>
<PER-SHARE-NAV-BEGIN> 10.940<F1>
<PER-SHARE-NII> .100<F1>
<PER-SHARE-GAIN-APPREC> 1.340<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .330<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 12.050<F1>
<EXPENSE-RATIO> .850<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 102
<NAME> QUALIVEST OPTIMIZED STOCK FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 177783167
<INVESTMENTS-AT-VALUE> 205475641
<RECEIVABLES> 304714
<ASSETS-OTHER> 25132
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 205805487
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86580
<TOTAL-LIABILITIES> 86580
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 176069580
<SHARES-COMMON-STOCK> 17039413
<SHARES-COMMON-PRIOR> 13593734
<ACCUMULATED-NII-CURRENT> 211512
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1745342
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27692473
<NET-ASSETS> 205718907
<DIVIDEND-INCOME> 1965022
<INTEREST-INCOME> 81562
<OTHER-INCOME> 0
<EXPENSES-NET> 497918
<NET-INVESTMENT-INCOME> 1548666
<REALIZED-GAINS-CURRENT> 3860823
<APPREC-INCREASE-CURRENT> 16050165
<NET-CHANGE-FROM-OPS> 21459654
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1862279
<DISTRIBUTIONS-OF-GAINS> 2704958
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3816241
<NUMBER-OF-SHARES-REDEEMED> 764498
<SHARES-REINVESTED> 393936
<NET-CHANGE-IN-ASSETS> 56881445
<ACCUMULATED-NII-PRIOR> 525124
<ACCUMULATED-GAINS-PRIOR> 589477
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 415119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668755
<AVERAGE-NET-ASSETS> 164493669<F1>
<PER-SHARE-NAV-BEGIN> 10.950<F1>
<PER-SHARE-NII> .110<F1>
<PER-SHARE-GAIN-APPREC> 1.340<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .330<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 12.070<F1>
<EXPENSE-RATIO> .600<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 103
<NAME> QUALIVEST OPTIMIZED STOCK FUND, CLASS C
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 177783167
<INVESTMENTS-AT-VALUE> 205475641
<RECEIVABLES> 304714
<ASSETS-OTHER> 25132
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 205805487
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86580
<TOTAL-LIABILITIES> 86580
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 176069580
<SHARES-COMMON-STOCK> 17039413
<SHARES-COMMON-PRIOR> 13593734
<ACCUMULATED-NII-CURRENT> 211512
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1745342
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27692473
<NET-ASSETS> 205718907
<DIVIDEND-INCOME> 1965022
<INTEREST-INCOME> 81562
<OTHER-INCOME> 0
<EXPENSES-NET> 497918
<NET-INVESTMENT-INCOME> 1548666
<REALIZED-GAINS-CURRENT> 3860823
<APPREC-INCREASE-CURRENT> 16050165
<NET-CHANGE-FROM-OPS> 21459654
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1862279
<DISTRIBUTIONS-OF-GAINS> 2704958
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3816241
<NUMBER-OF-SHARES-REDEEMED> 764498
<SHARES-REINVESTED> 393936
<NET-CHANGE-IN-ASSETS> 56881445
<ACCUMULATED-NII-PRIOR> 525124
<ACCUMULATED-GAINS-PRIOR> 589477
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 415119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 668755
<AVERAGE-NET-ASSETS> 37462<F1>
<PER-SHARE-NAV-BEGIN> 10.920<F1>
<PER-SHARE-NII> .050<F1>
<PER-SHARE-GAIN-APPREC> 1.360<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .290<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 12.040<F1>
<EXPENSE-RATIO> 1.590<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 111
<NAME> QUALIVEST INTERNATIONAL OPPORTUNITIES FUND, CLASS A
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 144648420
<INVESTMENTS-AT-VALUE> 118816582
<RECEIVABLES> 75962
<ASSETS-OTHER> 197023
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 119089567
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49829
<TOTAL-LIABILITIES> 49829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114999108
<SHARES-COMMON-STOCK> 11228860
<SHARES-COMMON-PRIOR> 5734060
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 67467
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 57693
<ACCUM-APPREC-OR-DEPREC> 4165790
<NET-ASSETS> 119039738
<DIVIDEND-INCOME> 651426
<INTEREST-INCOME> 102542
<OTHER-INCOME> (105968)
<EXPENSES-NET> 359253
<NET-INVESTMENT-INCOME> 288747
<REALIZED-GAINS-CURRENT> (238413)
<APPREC-INCREASE-CURRENT> 1607181
<NET-CHANGE-FROM-OPS> 1657515
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 222493
<DISTRIBUTIONS-OF-GAINS> 1642
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5945088
<NUMBER-OF-SHARES-REDEEMED> 470352
<SHARES-REINVESTED> 20063
<NET-CHANGE-IN-ASSETS> 58946690
<ACCUMULATED-NII-PRIOR> 48989
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 347
<GROSS-ADVISORY-FEES> 256535
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 469916
<AVERAGE-NET-ASSETS> 1927464<F1>
<PER-SHARE-NAV-BEGIN> 10.450<F1>
<PER-SHARE-NII> .010<F1>
<PER-SHARE-GAIN-APPREC> .130<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .020<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.570<F1>
<EXPENSE-RATIO> 1.090<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 113
<NAME> QUALIVEST INTERNATIONAL OPPORTUNITIES FUND, CLASS C
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 144648420
<INVESTMENTS-AT-VALUE> 118816582
<RECEIVABLES> 75543
<ASSETS-OTHER> 75962
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 119089567
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49829
<TOTAL-LIABILITIES> 49829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114999108
<SHARES-COMMON-STOCK> 11228860
<SHARES-COMMON-PRIOR> 5734060
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 67467
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 57693
<ACCUM-APPREC-OR-DEPREC> 4165790
<NET-ASSETS> 119039738
<DIVIDEND-INCOME> 651426
<INTEREST-INCOME> 102542
<OTHER-INCOME> (105968)
<EXPENSES-NET> 359253
<NET-INVESTMENT-INCOME> 288747
<REALIZED-GAINS-CURRENT> (238413)
<APPREC-INCREASE-CURRENT> 1607181
<NET-CHANGE-FROM-OPS> 1657515
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 222493
<DISTRIBUTIONS-OF-GAINS> 1642
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5945088
<NUMBER-OF-SHARES-REDEEMED> 470352
<SHARES-REINVESTED> 20063
<NET-CHANGE-IN-ASSETS> 58946690
<ACCUMULATED-NII-PRIOR> 48989
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 347
<GROSS-ADVISORY-FEES> 256535
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 469916
<AVERAGE-NET-ASSETS> 665<F1>
<PER-SHARE-NAV-BEGIN> 10.460<F1>
<PER-SHARE-NII> .000<F1>
<PER-SHARE-GAIN-APPREC> .140<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .010<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.590<F1>
<EXPENSE-RATIO> 1.790<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C Shares
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 112
<NAME> QUALIVEST INTERNATIONAL OPPORTUNITIES FUND, CLASS Y
<S> <C>
<PERIOD-TYPE> 6 MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-1-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 144648420
<INVESTMENTS-AT-VALUE> 118816582
<RECEIVABLES> 75543
<ASSETS-OTHER> 75962
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 119089567
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49829
<TOTAL-LIABILITIES> 49829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114999108
<SHARES-COMMON-STOCK> 11228860
<SHARES-COMMON-PRIOR> 5734060
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 67467
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 57693
<ACCUM-APPREC-OR-DEPREC> 4165790
<NET-ASSETS> 119039738
<DIVIDEND-INCOME> 651426
<INTEREST-INCOME> 102542
<OTHER-INCOME> (105968)
<EXPENSES-NET> 359253
<NET-INVESTMENT-INCOME> 288747
<REALIZED-GAINS-CURRENT> (238413)
<APPREC-INCREASE-CURRENT> 1607181
<NET-CHANGE-FROM-OPS> 1657515
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 222493
<DISTRIBUTIONS-OF-GAINS> 1642
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5945088
<NUMBER-OF-SHARES-REDEEMED> 470352
<SHARES-REINVESTED> 20063
<NET-CHANGE-IN-ASSETS> 58946690
<ACCUMULATED-NII-PRIOR> 48989
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 347
<GROSS-ADVISORY-FEES> 256535
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 469916
<AVERAGE-NET-ASSETS> 82886451<F1>
<PER-SHARE-NAV-BEGIN> 10.480<F1>
<PER-SHARE-NII> .020<F1>
<PER-SHARE-GAIN-APPREC> .130<F1>
<PER-SHARE-DIVIDEND> .000<F1>
<PER-SHARE-DISTRIBUTIONS> .030<F1>
<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.600<F1>
<EXPENSE-RATIO> .830<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y Shares
</FN>
</TABLE>
