<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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056 000400 N
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062 A000400 Y
<PAGE> PAGE 21
062 B000400 0.0
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062 R000400 0.0
063 A000400 0
063 B000400 6.3
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
<PAGE> PAGE 22
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 99973
071 B000400 84969
071 C000400 161789
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<PAGE> PAGE 23
073 C000400 0.0000
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074 O000400 2010
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074 U020400 74
074 V010400 10.09
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015 A000501 U.S. NATIONAL BANK OF OREGON
015 B000501 C
015 C010501 PORTLAND
015 C020501 OR
015 C030501 97208
015 E030501 X
024 000500 N
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<PAGE> PAGE 24
028 C030500 0
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037 000500 N
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041 000500 Y
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<PAGE> PAGE 25
048 A020500 0.000
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048 I020500 0.000
048 J010500 0
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056 000500 N
057 000500 N
062 A000500 N
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<PAGE> PAGE 26
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
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070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 66435
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<PAGE> PAGE 27
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<PAGE> PAGE 28
074 R040500 80
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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
024 000600 N
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<PAGE> PAGE 29
030 B000600 4.50
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<PAGE> PAGE 30
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
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066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
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069 000600 N
070 A010600 Y
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070 G020600 N
070 H010600 Y
070 H020600 N
<PAGE> PAGE 31
070 I010600 Y
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<PAGE> PAGE 32
072BB000600 0
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<PAGE> PAGE 33
062 I000700 0.0
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<PAGE> PAGE 34
074 Y000700 0
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<PAGE> PAGE 35
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015 A000901 U.S. NATIONAL BANK OF OREGON
015 B000901 C
015 C010901 PORTLAND
015 C020901 OR
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015 E030901 X
024 000900 N
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<PAGE> PAGE 36
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<PAGE> PAGE 37
057 000900 N
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070 A010900 Y
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<PAGE> PAGE 38
070 L020900 N
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<PAGE> PAGE 39
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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
024 001000 Y
025 A001001 BANKAMERICA
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025 A001003 MORGAN STANLEY
025 C001003 E
<PAGE> PAGE 40
025 D001003 583
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<PAGE> PAGE 41
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047 001000 Y
048 001000 0.500
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
055 A001000 Y
055 B001000 N
056 001000 N
057 001000 N
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
<PAGE> PAGE 42
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
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 N
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
<PAGE> PAGE 43
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 74037
071 B001000 67365
071 C001000 244462
071 D001000 27
072 A001000 6
072 B001000 54
072 C001000 2569
072 D001000 0
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072 F001000 623
072 G001000 161
072 H001000 0
072 I001000 87
072 J001000 37
072 K001000 0
072 L001000 7
072 M001000 6
072 N001000 15
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 17
072 S001000 0
072 T001000 3
072 U001000 1
072 V001000 0
072 W001000 4
072 X001000 961
072 Y001000 250
072 Z001000 1912
072AA001000 12865
072BB001000 0
072CC011000 38375
072CC021000 0
072DD011000 2404
072DD021000 15
072EE001000 13939
073 A011000 0.1000
073 A021000 0.0800
073 B001000 0.7700
073 C001000 0.0000
074 A001000 0
<PAGE> PAGE 44
074 B001000 1047
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 268170
074 G001000 0
074 H001000 0
074 I001000 7985
074 J001000 0
074 K001000 0
074 L001000 366
074 M001000 8
074 N001000 277576
074 O001000 0
074 P001000 123
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 30
074 S001000 0
074 T001000 277423
074 U011000 18067
074 U021000 100
074 V011000 12.12
074 V021000 12.10
074 W001000 0.0000
074 X001000 311
074 Y001000 0
075 A001000 0
075 B001000 246970
076 001000 0.00
015 A001101 BANK OF NEW YORK
015 B001101 C
015 C011101 NEW YORK
015 C021101 NY
015 C031101 10286
015 E041101 X
024 001100 Y
025 A001101 H.S.B.C. SECURITIES
025 C001101 E
025 D001101 1861
025 A001102 DELETE
025 D001102 0
025 A001103 DELETE
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
<PAGE> PAGE 45
028 A011100 7619
028 A021100 447
028 A031100 0
028 A041100 3065
028 B011100 3446
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028 B041100 768
028 C011100 2775
028 C021100 0
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028 C041100 735
028 D011100 2732
028 D021100 642
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028 E011100 6758
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028 F011100 7969
028 F021100 72
028 F031100 0
028 F041100 1066
028 G011100 31299
028 G021100 1161
028 G031100 0
028 G041100 7845
028 H001100 125
029 001100 Y
030 A001100 5
030 B001100 4.50
030 C001100 0.00
031 A001100 1
031 B001100 0
032 001100 4
033 001100 0
034 001100 Y
035 001100 0
036 A001100 N
036 B001100 0
037 001100 N
038 001100 0
039 001100 N
040 001100 Y
041 001100 Y
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 100
042 E001100 0
<PAGE> PAGE 46
042 F001100 0
042 G001100 0
042 H001100 0
043 001100 2
044 001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.600
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
055 A001100 Y
055 B001100 N
056 001100 N
057 001100 N
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
<PAGE> PAGE 47
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
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
<PAGE> PAGE 48
071 A001100 24616
071 B001100 3717
071 C001100 155809
071 D001100 2
072 A001100 6
072 B001100 1233
072 C001100 -151
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072 E001100 0
072 F001100 478
072 G001100 103
072 H001100 0
072 I001100 121
072 J001100 79
072 K001100 0
072 L001100 29
072 M001100 4
072 N001100 19
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 13
072 S001100 0
072 T001100 2
072 U001100 1
072 V001100 0
072 W001100 3
072 X001100 852
072 Y001100 239
072 Z001100 469
072AA001100 0
072BB001100 493
072CC011100 152
072CC021100 0
072DD011100 1135
072DD021100 11
072EE001100 435
073 A011100 0.0300
073 A021100 0.0200
073 B001100 0.0300
073 C001100 0.0000
074 A001100 552
074 B001100 0
074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 163041
074 G001100 0
074 H001100 0
074 I001100 3956
074 J001100 0
<PAGE> PAGE 49
074 K001100 0
074 L001100 219
074 M001100 14
074 N001100 167782
074 O001100 0
074 P001100 90
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 50
074 S001100 0
074 T001100 167642
074 U011100 15632
074 U021100 160
074 V011100 10.61
074 V021100 10.57
074 W001100 0.0000
074 X001100 274
074 Y001100 0
075 A001100 0
075 B001100 158064
076 001100 0.00
015 A001201 U.S. NATIONAL BANK OREGON
015 B001201 C
015 C011201 PORTLAND
015 C021201 OR
015 C031201 97208
015 E031201 X
024 001200 N
028 A011200 75
028 A021200 8
028 A031200 0
028 A041200 24
028 B011200 122
028 B021200 0
028 B031200 0
028 B041200 4
028 C011200 1224
028 C021200 0
028 C031200 0
028 C041200 51
028 D011200 312
028 D021200 32
028 D031200 0
028 D041200 11
028 E011200 1066
028 E021200 1
028 E031200 0
028 E041200 958
028 F011200 404
<PAGE> PAGE 50
028 F021200 22
028 F031200 0
028 F041200 65
028 G011200 3203
028 G021200 63
028 G031200 0
028 G041200 1113
028 H001200 3036
029 001200 Y
030 A001200 111
030 B001200 4.00
030 C001200 0.00
031 A001200 11
031 B001200 0
032 001200 100
033 001200 0
034 001200 N
035 001200 0
036 B001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 Y
041 001200 Y
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 100
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 1
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.050
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
<PAGE> PAGE 51
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
055 A001200 N
055 B001200 N
056 001200 N
057 001200 N
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
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 N
066 E001200 N
066 F001200 Y
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
<PAGE> PAGE 52
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 2485
071 B001200 323
071 C001200 8864
071 D001200 4
072 A001200 6
072 B001200 0
072 C001200 194
072 D001200 0
072 E001200 0
072 F001200 2
072 G001200 3
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072 I001200 1
072 J001200 0
072 K001200 0
072 L001200 1
072 M001200 0
072 N001200 4
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 6
072 S001200 0
072 T001200 1
<PAGE> PAGE 53
072 U001200 0
072 V001200 0
072 W001200 0
072 X001200 18
072 Y001200 0
072 Z001200 176
072AA001200 196
072BB001200 0
072CC011200 332
072CC021200 0
072DD011200 205
072DD021200 11
072EE001200 3
073 A011200 0.2000
073 A021200 0.2100
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 0
074 C001200 0
074 D001200 0
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 10177
074 J001200 0
074 K001200 0
074 L001200 33
074 M001200 3
074 N001200 10213
074 O001200 0
074 P001200 1
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 1
074 S001200 0
074 T001200 10211
074 U011200 861
074 U021200 110
074 V011200 10.53
074 V021200 10.50
074 W001200 0.0000
074 X001200 553
074 Y001200 0
075 A001200 0
075 B001200 8977
076 001200 0.00
015 A001301 U.S. NATIONAL BANK OF OREGON
<PAGE> PAGE 54
015 B001301 C
015 C011301 PORTLAND
015 C021301 OR
015 C031301 97208
015 E031301 X
024 001300 N
028 A011300 19271
028 A021300 36
028 A031300 0
028 A041300 297
028 B011300 1401
028 B021300 0
028 B031300 0
028 B041300 625
028 C011300 1689
028 C021300 0
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028 C041300 783
028 D011300 1365
028 D021300 700
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028 D041300 712
028 E011300 1446
028 E021300 17
028 E031300 0
028 E041300 544
028 F011300 6241
028 F021300 258
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028 F041300 2118
028 G011300 31413
028 G021300 1011
028 G031300 0
028 G041300 5079
028 H001300 4218
029 001300 Y
030 A001300 145
030 B001300 4.00
030 C001300 0.00
031 A001300 14
031 B001300 0
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033 001300 0
034 001300 N
035 001300 0
036 B001300 0
037 001300 N
038 001300 0
039 001300 N
040 001300 Y
041 001300 Y
<PAGE> PAGE 55
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 100
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 2
044 001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.050
048 A011300 0
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048 B011300 0
048 B021300 0.000
048 C011300 0
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048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
<PAGE> PAGE 56
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 Y
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 N
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 N
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 N
070 N021300 N
070 O011300 N
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
<PAGE> PAGE 57
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 31363
071 B001300 3004
071 C001300 61965
071 D001300 5
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072 R001300 6
072 S001300 0
072 T001300 2
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072 W001300 0
072 X001300 80
072 Y001300 0
072 Z001300 946
072AA001300 2013
072BB001300 0
072CC011300 3627
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072DD011300 1051
072DD021300 26
072EE001300 18
073 A011300 0.1500
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073 C001300 0.0000
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074 C001300 0
074 D001300 0
074 E001300 0
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074 G001300 0
<PAGE> PAGE 58
074 H001300 0
074 I001300 71003
074 J001300 0
074 K001300 0
074 L001300 127
074 M001300 8
074 N001300 71138
074 O001300 0
074 P001300 18
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 1
074 S001300 0
074 T001300 71119
074 U011300 6280
074 U021300 358
074 V011300 10.71
074 V021300 10.80
074 W001300 0.0000
074 X001300 304
074 Y001300 0
075 A001300 0
075 B001300 62069
076 001300 0.00
015 A001401 U.S. NATIONAL BANK OF OREGON
015 B001401 C
015 C011401 PORTLAND
015 C021401 OR
015 C031401 97208
015 E031401 X
024 001400 N
028 A011400 740
028 A021400 21
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028 A041400 241
028 B011400 772
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028 D011400 1363
028 D021400 39
028 D031400 0
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028 E011400 1085
028 E021400 7
<PAGE> PAGE 59
028 E031400 0
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028 F021400 22
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028 H001400 6008
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033 001400 0
034 001400 N
035 001400 0
036 B001400 0
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038 001400 0
039 001400 N
040 001400 Y
041 001400 Y
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042 B001400 0
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042 D001400 100
042 E001400 0
042 F001400 0
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042 H001400 0
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047 001400 Y
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048 E021400 0.000
<PAGE> PAGE 60
048 F011400 0
048 F021400 0.000
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048 G021400 0.000
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048 I021400 0.000
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048 J021400 0.000
048 K011400 0
048 K021400 0.000
055 A001400 N
055 B001400 N
056 001400 N
057 001400 N
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
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062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
066 A001400 Y
066 B001400 N
066 C001400 Y
066 D001400 N
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
<PAGE> PAGE 61
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 N
070 J021400 N
070 K011400 Y
070 K021400 Y
070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 N
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 7669
071 B001400 568
071 C001400 14549
071 D001400 4
072 A001400 6
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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<PAGE> PAGE 66
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SIGNATURE CRISTI M. CURRAN
TITLE FIN. RPTG. ANALYST
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<NAME> THE QUALIVEST MUTUAL FUNDS
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<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .47<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Q SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 031
<NAME> QUALIVEST FUNDS TAX FREE MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 42005756
<INVESTMENTS-AT-VALUE> 42005756
<RECEIVABLES> 291001
<ASSETS-OTHER> 615
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<TOTAL-ASSETS> 42297372
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138148
<TOTAL-LIABILITIES> 1282201
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41015013
<SHARES-COMMON-STOCK> 32862524<F1>
<SHARES-COMMON-PRIOR> 30141729<F1>
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 158
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<NET-ASSETS> 41015171
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 688152
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<NET-INVESTMENT-INCOME> 524548
<REALIZED-GAINS-CURRENT> (1160)
<APPREC-INCREASE-CURRENT> 0
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<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 24841108<F1>
<NUMBER-OF-SHARES-REDEEMED> 22537731<F1>
<SHARES-REINVESTED> 417418<F1>
<NET-CHANGE-IN-ASSETS> 6977027
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1318
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<GROSS-EXPENSE> 232195
<AVERAGE-NET-ASSETS> 32545928<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .013<F1>
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<PER-SHARE-DISTRIBUTIONS> 0<F1>
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<EXPENSE-RATIO> .87<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 032
<NAME> QUALIVEST FUNDS TAX FREE MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 42005756
<INVESTMENTS-AT-VALUE> 42005756
<RECEIVABLES> 291001
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<PAYABLE-FOR-SECURITIES> 1144053
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138148
<TOTAL-LIABILITIES> 1282201
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41015013
<SHARES-COMMON-STOCK> 4233267<F1>
<SHARES-COMMON-PRIOR> 723055<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 158
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<INTEREST-INCOME> 688152
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<NET-INVESTMENT-INCOME> 524548
<REALIZED-GAINS-CURRENT> (1160)
<APPREC-INCREASE-CURRENT> 0
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<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 4264752<F1>
<NUMBER-OF-SHARES-REDEEMED> 754750<F1>
<SHARES-REINVESTED> 211<F1>
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<ACCUMULATED-GAINS-PRIOR> 1318
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<GROSS-EXPENSE> 232195
<AVERAGE-NET-ASSETS> 1925018<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .015<F1>
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<PER-SHARE-DIVIDEND> .015<F1>
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<EXPENSE-RATIO> .47<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 033
<NAME> QUALIVEST FUNDS TAX FREE MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 42005756
<INVESTMENTS-AT-VALUE> 42005756
<RECEIVABLES> 291001
<ASSETS-OTHER> 615
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<PAYABLE-FOR-SECURITIES> 1144053
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138148
<TOTAL-LIABILITIES> 1282201
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<PAID-IN-CAPITAL-COMMON> 41015013
<SHARES-COMMON-STOCK> 3919222<F1>
<SHARES-COMMON-PRIOR> 3172054<F1>
<ACCUMULATED-NII-CURRENT> 0
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<INTEREST-INCOME> 688152
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<NET-INVESTMENT-INCOME> 524548
<REALIZED-GAINS-CURRENT> (1160)
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<NUMBER-OF-SHARES-SOLD> 16319674<F1>
<NUMBER-OF-SHARES-REDEEMED> 15630061<F1>
<SHARES-REINVESTED> 57566<F1>
<NET-CHANGE-IN-ASSETS> 6977027
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<GROSS-EXPENSE> 232195
<AVERAGE-NET-ASSETS> 4403113<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .014<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> .014<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .72<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Q SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 041
<NAME> QUALIVEST FUNDS INTERMEDIATE BOND FUNDS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 175881698
<INVESTMENTS-AT-VALUE> 176109096
<RECEIVABLES> 2335392
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<PAYABLE-FOR-SECURITIES> 2010420
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169545
<TOTAL-LIABILITIES> 2179965
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 175364397
<SHARES-COMMON-STOCK> 74266<F1>
<SHARES-COMMON-PRIOR> 59138<F1>
<ACCUMULATED-NII-CURRENT> 391759
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<NET-INVESTMENT-INCOME> 4833040
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<APPREC-INCREASE-CURRENT> 1341288
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<DISTRIBUTIONS-OF-GAINS> 1769<F1>
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<NUMBER-OF-SHARES-SOLD> 16956<F1>
<NUMBER-OF-SHARES-REDEEMED> 3775<F1>
<SHARES-REINVESTED> 1947<F1>
<NET-CHANGE-IN-ASSETS> 17400095
<ACCUMULATED-NII-PRIOR> 383393
<ACCUMULATED-GAINS-PRIOR> 433487
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 744076
<AVERAGE-NET-ASSETS> 685571<F1>
<PER-SHARE-NAV-BEGIN> 9.91<F1>
<PER-SHARE-NII> .27<F1>
<PER-SHARE-GAIN-APPREC> .11<F1>
<PER-SHARE-DIVIDEND> .27<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 9.99<F1>
<EXPENSE-RATIO> .96<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 042
<NAME> QUALIVEST FUNDS INTERMEDIATE BOND FUNDS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 175881698
<INVESTMENTS-AT-VALUE> 176109096
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<PAYABLE-FOR-SECURITIES> 2010420
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<SHARES-COMMON-PRIOR> 15801869<F1>
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<DISTRIBUTIONS-OF-GAINS> 434375<F1>
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<PER-SHARE-NAV-BEGIN> 10.01<F1>
<PER-SHARE-NII> .29<F1>
<PER-SHARE-GAIN-APPREC> .11<F1>
<PER-SHARE-DIVIDEND> .29<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
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<PER-SHARE-NAV-END> 10.09<F1>
<EXPENSE-RATIO> .72<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 043
<NAME> QUALIVEST FUNDS INTERMEDIATE BOND FUNDS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
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<PAYABLE-FOR-SECURITIES> 2010420
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<SHARES-COMMON-STOCK> 7142<F1>
<SHARES-COMMON-PRIOR> 11161<F1>
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<ACCUMULATED-NET-GAINS> 286409
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<NUMBER-OF-SHARES-REDEEMED> 14419<F1>
<SHARES-REINVESTED> 345<F1>
<NET-CHANGE-IN-ASSETS> 17400095
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<PER-SHARE-NAV-BEGIN> 9.84<F1>
<PER-SHARE-NII> .21<F1>
<PER-SHARE-GAIN-APPREC> .13<F1>
<PER-SHARE-DIVIDEND> .23<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
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<EXPENSE-RATIO> 1.71<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS C SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 051
<NAME> QUALIVEST FUNDS SMALL COMPANIES VALUE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
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<PERIOD-END> JAN-31-1997
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<SHARES-COMMON-STOCK> 937577<F1>
<SHARES-COMMON-PRIOR> 646897<F1>
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<ACCUMULATED-NET-GAINS> 19963927
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<PER-SHARE-NAV-BEGIN> 13.95<F1>
<PER-SHARE-NII> 0<F1>
<PER-SHARE-GAIN-APPREC> 3.84<F1>
<PER-SHARE-DIVIDEND> .01<F1>
<PER-SHARE-DISTRIBUTIONS> 1.52<F1>
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<PER-SHARE-NAV-END> 16.26<F1>
<EXPENSE-RATIO> 1.31<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 052
<NAME> QUALIVEST FUNDS SMALL COMPANIES VALUE FUND
<S> <C>
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<SHARES-COMMON-PRIOR> 21331709<F1>
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<PER-SHARE-DIVIDEND> .03<F1>
<PER-SHARE-DISTRIBUTIONS> 1.52<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 16.27<F1>
<EXPENSE-RATIO> 1.06<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 053
<NAME> QUALIVEST FUNDS SMALL COMPANIES VALUE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 302542354
<INVESTMENTS-AT-VALUE> 403948435
<RECEIVABLES> 3202056
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 407166712
<PAYABLE-FOR-SECURITIES> 2283016
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 425576
<TOTAL-LIABILITIES> 2708592
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 283150510
<SHARES-COMMON-STOCK> 98610<F1>
<SHARES-COMMON-PRIOR> 89131<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 62398
<ACCUMULATED-NET-GAINS> 19963927
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 101406081
<NET-ASSETS> 404458120
<DIVIDEND-INCOME> 1577225
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<OTHER-INCOME> 0
<EXPENSES-NET> 1924803
<NET-INVESTMENT-INCOME> 368448
<REALIZED-GAINS-CURRENT> 26602979
<APPREC-INCREASE-CURRENT> 64722641
<NET-CHANGE-FROM-OPS> 91694068
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 133253<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 13040<F1>
<NUMBER-OF-SHARES-REDEEMED> 12974<F1>
<SHARES-REINVESTED> 9412<F1>
<NET-CHANGE-IN-ASSETS> 96418341
<ACCUMULATED-NII-PRIOR> 174634
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1426402
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<GROSS-EXPENSE> 1924803
<AVERAGE-NET-ASSETS> 1342123<F1>
<PER-SHARE-NAV-BEGIN> 13.74<F1>
<PER-SHARE-NII> .05<F1>
<PER-SHARE-GAIN-APPREC> 3.79<F1>
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<PER-SHARE-DISTRIBUTIONS> 1.52<F1>
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<PER-SHARE-NAV-END> 15.96<F1>
<EXPENSE-RATIO> 2.06<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS C SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 061
<NAME> QUALIVEST FUNDS LARGE COMPANIES VALUE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 121245314
<INVESTMENTS-AT-VALUE> 153922104
<RECEIVABLES> 1198181
<ASSETS-OTHER> 1771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 155122056
<PAYABLE-FOR-SECURITIES> 617824
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 164063
<TOTAL-LIABILITIES> 781887
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118096966
<SHARES-COMMON-STOCK> 469565<F1>
<SHARES-COMMON-PRIOR> 391381<F1>
<ACCUMULATED-NII-CURRENT> 116132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3450281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32676790
<NET-ASSETS> 154340169
<DIVIDEND-INCOME> 1350984
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<OTHER-INCOME> 0
<EXPENSES-NET> 656690
<NET-INVESTMENT-INCOME> 1061932
<REALIZED-GAINS-CURRENT> 6006268
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<DISTRIBUTIONS-OF-INCOME> 46475<F1>
<DISTRIBUTIONS-OF-GAINS> 340861<F1>
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<NUMBER-OF-SHARES-SOLD> 84176<F1>
<NUMBER-OF-SHARES-REDEEMED> 36407<F1>
<SHARES-REINVESTED> 30415<F1>
<NET-CHANGE-IN-ASSETS> 36117995
<ACCUMULATED-NII-PRIOR> 417988
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<GROSS-EXPENSE> 764626
<AVERAGE-NET-ASSETS> 5676057<F1>
<PER-SHARE-NAV-BEGIN> 11.92<F1>
<PER-SHARE-NII> .08<F1>
<PER-SHARE-GAIN-APPREC> 2.52<F1>
<PER-SHARE-DIVIDEND> .11<F1>
<PER-SHARE-DISTRIBUTIONS> .79<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 13.62<F1>
<EXPENSE-RATIO> 1.16<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 062
<NAME> QUALIVEST FUNDS LARGE COMPANIES VALUE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 121245314
<INVESTMENTS-AT-VALUE> 153922104
<RECEIVABLES> 1198181
<ASSETS-OTHER> 1771
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 155122056
<PAYABLE-FOR-SECURITIES> 617824
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 164063
<TOTAL-LIABILITIES> 781887
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118096966
<SHARES-COMMON-STOCK> 10743429<F1>
<SHARES-COMMON-PRIOR> 9422668<F1>
<ACCUMULATED-NII-CURRENT> 116132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3450281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32676790
<NET-ASSETS> 154340169
<DIVIDEND-INCOME> 1350984
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<OTHER-INCOME> 0
<EXPENSES-NET> 656690
<NET-INVESTMENT-INCOME> 1061932
<REALIZED-GAINS-CURRENT> 6006268
<APPREC-INCREASE-CURRENT> 21207888
<NET-CHANGE-FROM-OPS> 28276088
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1314477<F1>
<DISTRIBUTIONS-OF-GAINS> 8239081<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 2968425<F1>
<NUMBER-OF-SHARES-REDEEMED> 2199151<F1>
<SHARES-REINVESTED> 551486<F1>
<NET-CHANGE-IN-ASSETS> 36117995
<ACCUMULATED-NII-PRIOR> 417988
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 764626
<AVERAGE-NET-ASSETS> 134826168<F1>
<PER-SHARE-NAV-BEGIN> 11.98<F1>
<PER-SHARE-NII> .10<F1>
<PER-SHARE-GAIN-APPREC> 2.53<F1>
<PER-SHARE-DIVIDEND> .13<F1>
<PER-SHARE-DISTRIBUTIONS> .79<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 13.69<F1>
<EXPENSE-RATIO> .91<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 063
<NAME> QUALIVEST FUNDS LARGE COMPANIES VALUE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 121245314
<INVESTMENTS-AT-VALUE> 153922104
<RECEIVABLES> 1198181
<ASSETS-OTHER> 1771
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<TOTAL-LIABILITIES> 781887
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118096966
<SHARES-COMMON-STOCK> 65378<F1>
<SHARES-COMMON-PRIOR> 55254<F1>
<ACCUMULATED-NII-CURRENT> 116132
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<ACCUMULATED-NET-GAINS> 3450281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32676790
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<DIVIDEND-INCOME> 1350984
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<EXPENSES-NET> 656690
<NET-INVESTMENT-INCOME> 1061932
<REALIZED-GAINS-CURRENT> 6006268
<APPREC-INCREASE-CURRENT> 21207888
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2836<F1>
<DISTRIBUTIONS-OF-GAINS> 43128<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 18152<F1>
<NUMBER-OF-SHARES-REDEEMED> 11697<F1>
<SHARES-REINVESTED> 3670<F1>
<NET-CHANGE-IN-ASSETS> 36117995
<ACCUMULATED-NII-PRIOR> 417988
<ACCUMULATED-GAINS-PRIOR> 6067083
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 764626
<AVERAGE-NET-ASSETS> 722759<F1>
<PER-SHARE-NAV-BEGIN> 11.73<F1>
<PER-SHARE-NII> .03<F1>
<PER-SHARE-GAIN-APPREC> 2.48<F1>
<PER-SHARE-DIVIDEND> .05<F1>
<PER-SHARE-DISTRIBUTIONS> .79<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 13.40<F1>
<EXPENSE-RATIO> 1.91<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS C SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 091
<NAME> QUALIVEST FUNDS DIVERSIFIED BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 223581900
<INVESTMENTS-AT-VALUE> 222772871
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<TOTAL-ASSETS> 226058284
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<OTHER-ITEMS-LIABILITIES> 126323
<TOTAL-LIABILITIES> 126323
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 226418498
<SHARES-COMMON-STOCK> 42750<F1>
<SHARES-COMMON-PRIOR> 31763<F1>
<ACCUMULATED-NII-CURRENT> 555995
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 233503
<ACCUM-APPREC-OR-DEPREC> (809029)
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<DIVIDEND-INCOME> 0
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<NET-INVESTMENT-INCOME> 6051766
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<APPREC-INCREASE-CURRENT> 3009910
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11458<F1>
<DISTRIBUTIONS-OF-GAINS> 2976<F1>
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<NUMBER-OF-SHARES-SOLD> 13153<F1>
<NUMBER-OF-SHARES-REDEEMED> 3509<F1>
<SHARES-REINVESTED> 1344<F1>
<NET-CHANGE-IN-ASSETS> 42354378
<ACCUMULATED-NII-PRIOR> 463930
<ACCUMULATED-GAINS-PRIOR> 1411715
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 904155
<AVERAGE-NET-ASSETS> 406591<F1>
<PER-SHARE-NAV-BEGIN> 9.86<F1>
<PER-SHARE-NII> .27<F1>
<PER-SHARE-GAIN-APPREC> .15<F1>
<PER-SHARE-DIVIDEND> .28<F1>
<PER-SHARE-DISTRIBUTIONS> .07<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 9.93<F1>
<EXPENSE-RATIO> .82<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 092
<NAME> QUALIVEST FUNDS DIVERSIFIED BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 223581900
<INVESTMENTS-AT-VALUE> 222772871
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<TOTAL-ASSETS> 226058284
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<OTHER-ITEMS-LIABILITIES> 126323
<TOTAL-LIABILITIES> 126323
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<SHARES-COMMON-STOCK> 22271057<F1>
<SHARES-COMMON-PRIOR> 18251188<F1>
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<OVERDISTRIBUTION-GAINS> 233503
<ACCUM-APPREC-OR-DEPREC> (809029)
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<DISTRIBUTIONS-OF-INCOME> 5947713<F1>
<DISTRIBUTIONS-OF-GAINS> 1403908<F1>
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<NUMBER-OF-SHARES-SOLD> 4280663<F1>
<NUMBER-OF-SHARES-REDEEMED> 799750<F1>
<SHARES-REINVESTED> 538955<F1>
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<GROSS-EXPENSE> 904155
<AVERAGE-NET-ASSETS> 205644682<F1>
<PER-SHARE-NAV-BEGIN> 10.04<F1>
<PER-SHARE-NII> .29<F1>
<PER-SHARE-GAIN-APPREC> .15<F1>
<PER-SHARE-DIVIDEND> .29<F1>
<PER-SHARE-DISTRIBUTIONS> .07<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 10.12<F1>
<EXPENSE-RATIO> .57<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 093
<NAME> QUALIVEST FUNDS DIVERSIFIED BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
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<INVESTMENTS-AT-VALUE> 222772871
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<TOTAL-ASSETS> 226058284
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<TOTAL-LIABILITIES> 126323
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<SHARES-COMMON-STOCK> 2307<F1>
<SHARES-COMMON-PRIOR> 978<F1>
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<OVERDISTRIBUTION-GAINS> 233503
<ACCUM-APPREC-OR-DEPREC> (809029)
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<NUMBER-OF-SHARES-SOLD> 1259<F1>
<NUMBER-OF-SHARES-REDEEMED> 2<F1>
<SHARES-REINVESTED> 72<F1>
<NET-CHANGE-IN-ASSETS> 42354378
<ACCUMULATED-NII-PRIOR> 463930
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<GROSS-EXPENSE> 904155
<AVERAGE-NET-ASSETS> 20984<F1>
<PER-SHARE-NAV-BEGIN> 9.44<F1>
<PER-SHARE-NII> .21<F1>
<PER-SHARE-GAIN-APPREC> .15<F1>
<PER-SHARE-DIVIDEND> .24<F1>
<PER-SHARE-DISTRIBUTIONS> .07<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 9.49<F1>
<EXPENSE-RATIO> 1.72<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS C SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 101
<NAME> QUALIVEST FUNDS OPTIMIZED STOCK FUND
<S> <C>
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<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
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<TOTAL-LIABILITIES> 152552
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<SHARES-COMMON-STOCK> 161660<F1>
<SHARES-COMMON-PRIOR> 100392<F1>
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<ACCUM-APPREC-OR-DEPREC> 61619874
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<PER-SHARE-NAV-BEGIN> 12.10<F1>
<PER-SHARE-NII> .08<F1>
<PER-SHARE-GAIN-APPREC> 2.76<F1>
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<EXPENSE-RATIO> .82<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 102
<NAME> QUALIVEST FUNDS OPTIMIZED STOCK FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 215582151
<INVESTMENTS-AT-VALUE> 277202025
<RECEIVABLES> 366034
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<OTHER-ITEMS-LIABILITIES> 152552
<TOTAL-LIABILITIES> 152552
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<PAID-IN-CAPITAL-COMMON> 210306808
<SHARES-COMMON-STOCK> 19535194<F1>
<SHARES-COMMON-PRIOR> 18066956<F1>
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61619874
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<DIVIDEND-INCOME> 2568695
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<NET-INVESTMENT-INCOME> 1912411
<REALIZED-GAINS-CURRENT> 12864683
<APPREC-INCREASE-CURRENT> 38375343
<NET-CHANGE-FROM-OPS> 53152437
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<DISTRIBUTIONS-OF-INCOME> 2404342<F1>
<DISTRIBUTIONS-OF-GAINS> 13829821<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 1664700<F1>
<NUMBER-OF-SHARES-REDEEMED> 1320623<F1>
<SHARES-REINVESTED> 1124160<F1>
<NET-CHANGE-IN-ASSETS> 57100573
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<GROSS-EXPENSE> 960455
<AVERAGE-NET-ASSETS> 245071919<F1>
<PER-SHARE-NAV-BEGIN> 12.12<F1>
<PER-SHARE-NII> .10<F1>
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<PER-SHARE-NAV-END> 14.08<F1>
<EXPENSE-RATIO> .57<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 103
<NAME> QUALIVEST FUNDS OPTIMIZED STOCK FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 215582151
<INVESTMENTS-AT-VALUE> 277202025
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<TOTAL-ASSETS> 277576013
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<OTHER-ITEMS-LIABILITIES> 152552
<TOTAL-LIABILITIES> 152552
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 210306808
<SHARES-COMMON-STOCK> 12072<F1>
<SHARES-COMMON-PRIOR> 7816<F1>
<ACCUMULATED-NII-CURRENT> 223888
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5272891
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61619874
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<DIVIDEND-INCOME> 2568695
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<REALIZED-GAINS-CURRENT> 12864683
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 491<F1>
<DISTRIBUTIONS-OF-GAINS> 7082<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 4095<F1>
<NUMBER-OF-SHARES-REDEEMED> 418<F1>
<SHARES-REINVESTED> 579<F1>
<NET-CHANGE-IN-ASSETS> 57100573
<ACCUMULATED-NII-PRIOR> 730609
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<GROSS-EXPENSE> 960455
<AVERAGE-NET-ASSETS> 130049<F1>
<PER-SHARE-NAV-BEGIN> 12.05<F1>
<PER-SHARE-NII> .02<F1>
<PER-SHARE-GAIN-APPREC> 2.76<F1>
<PER-SHARE-DIVIDEND> .05<F1>
<PER-SHARE-DISTRIBUTIONS> .77<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 14.01<F1>
<EXPENSE-RATIO> 1.56<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS C SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 111
<NAME> QUALIVEST FUNDS INTERNATIONAL OPPORTUNITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
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<INVESTMENTS-AT-COST> 163124433
<INVESTMENTS-AT-VALUE> 166996705
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<OTHER-ITEMS-LIABILITIES> 139805
<TOTAL-LIABILITIES> 139805
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<PAID-IN-CAPITAL-COMMON> 164529503
<SHARES-COMMON-STOCK> 159786<F1>
<SHARES-COMMON-PRIOR> 186725<F1>
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<DIVIDEND-INCOME> 1232573
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<REALIZED-GAINS-CURRENT> (492717)
<APPREC-INCREASE-CURRENT> 150763
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11326<F1>
<DISTRIBUTIONS-OF-GAINS> 4870<F1>
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<NUMBER-OF-SHARES-SOLD> 21006<F1>
<NUMBER-OF-SHARES-REDEEMED> 49424<F1>
<SHARES-REINVESTED> 1480<F1>
<NET-CHANGE-IN-ASSETS> 23160274
<ACCUMULATED-NII-PRIOR> 543401
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<GROSS-EXPENSE> 851655
<AVERAGE-NET-ASSETS> 1817442<F1>
<PER-SHARE-NAV-BEGIN> 10.64<F1>
<PER-SHARE-NII> .02<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> .06<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
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<PER-SHARE-NAV-END> 10.57<F1>
<EXPENSE-RATIO> 1.02<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 112
<NAME> QUALIVEST FUNDS INTERNATIONAL OPPORTUNITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
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<AVERAGE-NET-ASSETS> 156226396<F1>
<PER-SHARE-NAV-BEGIN> 10.69<F1>
<PER-SHARE-NII> .03<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> .08<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
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<PER-SHARE-NAV-END> 10.61<F1>
<EXPENSE-RATIO> .77<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 113
<NAME> QUALIVEST FUNDS INTERNATIONAL OPPORTUNITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
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<NUMBER-OF-SHARES-SOLD> 519<F1>
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<SHARES-REINVESTED> 10<F1>
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<AVERAGE-NET-ASSETS> 19707<F1>
<PER-SHARE-NAV-BEGIN> 10.63<F1>
<PER-SHARE-NII> (.03)<F1>
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<PER-SHARE-DIVIDEND> .02<F1>
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<EXPENSE-RATIO> 1.76<F1>
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<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS C SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 121
<NAME> QUALIVEST FUNDS ALLOCATED CONSERVATIVE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
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<SHARES-COMMON-PRIOR> 1<F1>
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<NUMBER-OF-SHARES-REDEEMED> 4521<F1>
<SHARES-REINVESTED> 1017<F1>
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<GROSS-EXPENSE> 18163
<AVERAGE-NET-ASSETS> 447999<F1>
<PER-SHARE-NAV-BEGIN> 9.95<F1>
<PER-SHARE-NII> .21<F1>
<PER-SHARE-GAIN-APPREC> .58<F1>
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 122
<NAME> QUALIVEST FUNDS ALLOCATED CONSERVATIVE FUND
<S> <C>
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<FISCAL-YEAR-END> JUL-31-1997
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<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 131
<NAME> QUALIVEST FUNDS ALLOCATED BALANCED FUND
<S> <C>
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<FISCAL-YEAR-END> JUL-31-1997
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<PER-SHARE-GAIN-APPREC> 1.08<F1>
<PER-SHARE-DIVIDEND> .17<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 10.80<F1>
<EXPENSE-RATIO> .53<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 132
<NAME> QUALIVEST FUNDS ALLOCATED BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 68495452
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<TOTAL-LIABILITIES> 18406
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<SHARES-COMMON-STOCK> 6280497<F1>
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<REALIZED-GAINS-CURRENT> 2012767
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<DISTRIBUTIONS-OF-INCOME> 1050699<F1>
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<NUMBER-OF-SHARES-REDEEMED> 486438<F1>
<SHARES-REINVESTED> 95214<F1>
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<PER-SHARE-NAV-BEGIN> 9.75<F1>
<PER-SHARE-NII> .15<F1>
<PER-SHARE-GAIN-APPREC> .99<F1>
<PER-SHARE-DIVIDEND> .18<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 10.71<F1>
<EXPENSE-RATIO> .25<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 141
<NAME> QUALIVEST FUNDS ALLOCATED GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 18160467
<INVESTMENTS-AT-VALUE> 18961797
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<TOTAL-ASSETS> 19110914
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<OTHER-ITEMS-LIABILITIES> 3951
<TOTAL-LIABILITIES> 3951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17705279
<SHARES-COMMON-STOCK> 488291<F1>
<SHARES-COMMON-PRIOR> 1<F1>
<ACCUMULATED-NII-CURRENT> 3930
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 596424
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 801330
<NET-ASSETS> 19106963
<DIVIDEND-INCOME> 166288
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<NET-INVESTMENT-INCOME> 142243
<REALIZED-GAINS-CURRENT> 608754
<APPREC-INCREASE-CURRENT> 1155310
<NET-CHANGE-FROM-OPS> 1906307
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<DISTRIBUTIONS-OF-GAINS> 2510<F1>
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<NUMBER-OF-SHARES-REDEEMED> 5734<F1>
<SHARES-REINVESTED> 1975<F1>
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<ACCUMULATED-NII-PRIOR> 13519
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<GROSS-EXPENSE> 24045
<AVERAGE-NET-ASSETS> 2054841<F1>
<PER-SHARE-NAV-BEGIN> 9.74<F1>
<PER-SHARE-NII> .10<F1>
<PER-SHARE-GAIN-APPREC> 1.40<F1>
<PER-SHARE-DIVIDEND> .11<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 11.13<F1>
<EXPENSE-RATIO> .56<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 142
<NAME> QUALIVEST FUNDS ALLOCATED GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 18160467
<INVESTMENTS-AT-VALUE> 18961797
<RECEIVABLES> 147078
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<TOTAL-ASSETS> 19110914
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<OTHER-ITEMS-LIABILITIES> 3951
<TOTAL-LIABILITIES> 3951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17705279
<SHARES-COMMON-STOCK> 1242016<F1>
<SHARES-COMMON-PRIOR> 1111690<F1>
<ACCUMULATED-NII-CURRENT> 3930
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<ACCUMULATED-NET-GAINS> 596424
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 801330
<NET-ASSETS> 19106963
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<OTHER-INCOME> 0
<EXPENSES-NET> 24045
<NET-INVESTMENT-INCOME> 142243
<REALIZED-GAINS-CURRENT> 608754
<APPREC-INCREASE-CURRENT> 1155310
<NET-CHANGE-FROM-OPS> 1906307
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 8712<F1>
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<NUMBER-OF-SHARES-SOLD> 210614<F1>
<NUMBER-OF-SHARES-REDEEMED> 86790<F1>
<SHARES-REINVESTED> 6502<F1>
<NET-CHANGE-IN-ASSETS> 8306341
<ACCUMULATED-NII-PRIOR> 13519
<ACCUMULATED-GAINS-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 1108
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 24045
<AVERAGE-NET-ASSETS> 12306155<F1>
<PER-SHARE-NAV-BEGIN> 9.72<F1>
<PER-SHARE-NII> .10<F1>
<PER-SHARE-GAIN-APPREC> 1.30<F1>
<PER-SHARE-DIVIDEND> .11<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 11.01<F1>
<EXPENSE-RATIO> .29<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 151
<NAME> QUALIVEST FUNDS ALLOCATED AGGRESSIVE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 20079364
<INVESTMENTS-AT-VALUE> 21004064
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<OTHER-ITEMS-LIABILITIES> 3506
<TOTAL-LIABILITIES> 3506
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<PAID-IN-CAPITAL-COMMON> 19596330
<SHARES-COMMON-STOCK> 271580<F1>
<SHARES-COMMON-PRIOR> 196<F1>
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 577182
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 924700
<NET-ASSETS> 21096073
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<EXPENSES-NET> 19887
<NET-INVESTMENT-INCOME> 61022
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<APPREC-INCREASE-CURRENT> 1214195
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<NUMBER-OF-SHARES-REDEEMED> 4188<F1>
<SHARES-REINVESTED> 384<F1>
<NET-CHANGE-IN-ASSETS> 12887649
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 4939
<GROSS-ADVISORY-FEES> 2874
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19887
<AVERAGE-NET-ASSETS> 990889<F1>
<PER-SHARE-NAV-BEGIN> 9.64<F1>
<PER-SHARE-NII> .05<F1>
<PER-SHARE-GAIN-APPREC> 1.60<F1>
<PER-SHARE-DIVIDEND> .05<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 11.24<F1>
<EXPENSE-RATIO> .59<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS A SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> THE QUALIVEST MUTUAL FUNDS
<SERIES>
<NUMBER> 152
<NAME> QUALIVEST FUNDS ALLOCATED AGGRESSIVE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JAN-31-1997
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<OTHER-ITEMS-LIABILITIES> 3506
<TOTAL-LIABILITIES> 3506
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19596330
<SHARES-COMMON-STOCK> 1612007<F1>
<SHARES-COMMON-PRIOR> 854488<F1>
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<ACCUMULATED-NET-GAINS> 577182
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<ACCUM-APPREC-OR-DEPREC> 924700
<NET-ASSETS> 21096073
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<EXPENSES-NET> 19887
<NET-INVESTMENT-INCOME> 61022
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<NUMBER-OF-SHARES-REDEEMED> 181884<F1>
<SHARES-REINVESTED> 5008<F1>
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19887
<AVERAGE-NET-ASSETS> 10477600<F1>
<PER-SHARE-NAV-BEGIN> 9.60<F1>
<PER-SHARE-NII> .06<F1>
<PER-SHARE-GAIN-APPREC> 1.59<F1>
<PER-SHARE-DIVIDEND> .06<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 11.19<F1>
<EXPENSE-RATIO> .32<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>CLASS Y SHARES
</FN>
</TABLE>
