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<PAGE> PAGE 2
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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 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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062 A000400 Y
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062 D000400 4.2
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<PAGE> PAGE 21
062 G000400 0.0
062 H000400 0.0
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062 J000400 0.0
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062 O000400 0.0
062 P000400 15.9
062 Q000400 10.2
062 R000400 0.0
063 A000400 0
063 B000400 5.1
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
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
<PAGE> PAGE 22
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 231346
071 B000400 204864
071 C000400 166756
071 D000400 123
072 A000400 12
072 B000400 11292
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072EE000400 436
073 A010400 0.5700
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<PAGE> PAGE 23
074 E000400 0
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074 N000400 199566
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074 U010400 18742
074 U020400 73
074 V010400 10.18
074 V020400 10.08
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075 A000400 0
075 B000400 175534
076 000400 0.00
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
028 A010500 19034
028 A020500 7
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<PAGE> PAGE 24
028 D040500 13320
028 E010500 15592
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037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
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042 C000500 0
042 D000500 100
042 E000500 0
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042 H000500 0
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<PAGE> PAGE 25
048 D010500 0
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048 H020500 0.000
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048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 Y
055 B000500 N
056 000500 N
057 000500 N
062 A000500 N
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062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
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062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
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066 B000500 N
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066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
<PAGE> PAGE 26
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
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 124466
071 B000500 106184
071 C000500 367759
071 D000500 29
072 A000500 12
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<PAGE> PAGE 27
072 L000500 26
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072EE000500 35007
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<PAGE> PAGE 28
074 V010500 17.87
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076 000500 0.00
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 Y
025 A000601 BEAR STEARNS
025 C000601 E
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<PAGE> PAGE 29
028 G030600 0
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038 000600 0
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<PAGE> PAGE 30
048 I020600 0.000
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048 K020600 0.000
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
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063 A000600 0
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066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
<PAGE> PAGE 31
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
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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
062 Q000800 0.0
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015 A000901 U.S. NATIONAL BANK OF OREGON
015 B000901 C
015 C010901 PORTLAND
015 C020901 OR
015 C030901 97208
015 E030901 X
024 000900 N
<PAGE> PAGE 36
028 A010900 3872
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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070 Q020900 N
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070 R020900 N
071 A000900 117536
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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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 CHARLES SCHWAB
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<PAGE> PAGE 41
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034 001000 Y
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037 001000 N
038 001000 0
039 001000 N
040 001000 Y
041 001000 Y
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042 C001000 0
042 D001000 100
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<PAGE> PAGE 42
048 001000 0.500
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048 I021000 0.000
048 J011000 0
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048 K021000 0.000
055 A001000 Y
055 B001000 N
056 001000 N
057 001000 N
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066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
<PAGE> PAGE 43
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
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070 A011000 Y
070 A021000 Y
070 B011000 Y
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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
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
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<PAGE> PAGE 44
072 E001000 -13
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<PAGE> PAGE 45
074 R021000 0
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015 A001101 BANK OF NEW YORK
015 B001101 C
015 C011101 NEW YORK
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024 001100 N
025 A001101 H.S.B.C. SECURITIES
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<PAGE> PAGE 46
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<PAGE> PAGE 47
048 E011100 0
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066 A001100 Y
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066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
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068 A001100 N
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069 001100 N
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<PAGE> PAGE 48
070 B011100 Y
070 B021100 N
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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
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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
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070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
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<PAGE> PAGE 49
072 N001100 39
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074 U011100 17026
074 U021100 128
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<PAGE> PAGE 50
074 W001100 0.0000
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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
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<PAGE> PAGE 51
035 001200 0
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039 001200 N
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055 A001200 N
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<PAGE> PAGE 52
062 E001200 0.0
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066 A001200 Y
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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
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
<PAGE> PAGE 53
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
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<PAGE> PAGE 54
074 A001200 0
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075 B001200 10468
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015 A001301 U.S. NATIONAL BANK OF OREGON
015 B001301 C
015 C011301 PORTLAND
015 C021301 OR
015 C031301 97208
015 E031301 X
024 001300 N
028 A011300 2494
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<PAGE> PAGE 55
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<PAGE> PAGE 56
048 B021300 0.000
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066 F001300 N
066 G001300 N
067 001300 Y
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<PAGE> PAGE 57
069 001300 N
070 A011300 Y
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070 C021300 N
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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
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070 K021300 Y
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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
070 Q021300 N
070 R011300 N
070 R021300 N
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<PAGE> PAGE 58
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<PAGE> PAGE 59
074 U021300 935
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015 A001401 U.S. NATIONAL BANK OF OREGON
015 B001401 C
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015 C031401 97208
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024 001400 N
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<PAGE> PAGE 60
032 001400 437
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056 001400 N
057 001400 N
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<PAGE> PAGE 61
062 B001400 0.0
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066 A001400 Y
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066 E001400 N
066 F001400 N
066 G001400 N
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068 A001400 N
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070 A011400 Y
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070 C021400 N
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070 D021400 N
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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
<PAGE> PAGE 62
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 19180
071 B001400 6311
071 C001400 18422
071 D001400 34
072 A001400 12
072 B001400 0
072 C001400 367
072 D001400 0
072 E001400 0
072 F001400 9
072 G001400 13
072 H001400 0
072 I001400 4
072 J001400 1
072 K001400 0
072 L001400 2
072 M001400 0
072 N001400 10
072 O001400 0
072 P001400 0
072 Q001400 2
072 R001400 12
072 S001400 1
072 T001400 15
072 U001400 0
072 V001400 0
072 W001400 0
072 X001400 69
072 Y001400 0
072 Z001400 299
072AA001400 998
072BB001400 0
072CC011400 4158
072CC021400 0
072DD011400 226
072DD021400 85
072EE001400 11
073 A011400 0.1900
<PAGE> PAGE 63
073 A021400 0.1600
073 B001400 0.0000
073 C001400 0.0000
074 A001400 0
074 B001400 0
074 C001400 0
074 D001400 0
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 28565
074 J001400 0
074 K001400 0
074 L001400 36
074 M001400 1
074 N001400 28602
074 O001400 0
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 14
074 S001400 0
074 T001400 28588
074 U011400 1175
074 U021400 1089
074 V011400 12.69
074 V021400 12.55
074 W001400 0.0000
074 X001400 1723
074 Y001400 0
075 A001400 0
075 B001400 18897
076 001400 0.00
015 A001501 U.S. NATIONAL BANK OF OREGON
015 B001501 C
015 C011501 PORTLAND
015 C021501 OR
015 C031501 97208
015 E031501 X
024 001500 N
028 A011500 1431
028 A021500 0
028 A031500 0
028 A041500 141
028 B011500 1962
028 B021500 0
028 B031500 0
028 B041500 256
<PAGE> PAGE 64
028 C011500 3630
028 C021500 7
028 C031500 0
028 C041500 2363
028 D011500 1324
028 D021500 0
028 D031500 0
028 D041500 850
028 E011500 1088
028 E021500 0
028 E031500 0
028 E041500 462
028 F011500 2490
028 F021500 54
028 F031500 0
028 F041500 393
028 G011500 11925
028 G021500 61
028 G031500 0
028 G041500 4465
028 H001500 7975
029 001500 Y
030 A001500 276
030 B001500 4.00
030 C001500 0.00
031 A001500 27
031 B001500 0
032 001500 249
033 001500 0
034 001500 N
035 001500 0
036 B001500 0
037 001500 N
038 001500 0
039 001500 N
040 001500 Y
041 001500 Y
042 A001500 0
042 B001500 0
042 C001500 0
042 D001500 100
042 E001500 0
042 F001500 0
042 G001500 0
042 H001500 0
043 001500 9
044 001500 0
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.050
<PAGE> PAGE 65
048 A011500 0
048 A021500 0.000
048 B011500 0
048 B021500 0.000
048 C011500 0
048 C021500 0.000
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 0
048 K021500 0.000
055 A001500 N
055 B001500 N
056 001500 N
057 001500 N
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
066 A001500 Y
066 B001500 N
066 C001500 Y
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 N
<PAGE> PAGE 66
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 N
070 J021500 N
070 K011500 Y
070 K021500 Y
070 L011500 N
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 N
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 23612
071 B001500 5133
071 C001500 18044
071 D001500 28
072 A001500 12
072 B001500 0
072 C001500 186
072 D001500 0
072 E001500 0
072 F001500 9
072 G001500 13
<PAGE> PAGE 67
072 H001500 0
072 I001500 4
072 J001500 1
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072 L001500 2
072 M001500 0
072 N001500 9
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072 Q001500 2
072 R001500 12
072 S001500 1
072 T001500 9
072 U001500 0
072 V001500 0
072 W001500 0
072 X001500 62
072 Y001500 0
072 Z001500 126
072AA001500 762
072BB001500 0
072CC011500 5343
072CC021500 0
072DD011500 109
072DD021500 16
072EE001500 0
073 A011500 0.0900
073 A021500 0.0700
073 B001500 0.0000
073 C001500 0.0000
074 A001500 0
074 B001500 0
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 0
074 G001500 0
074 H001500 0
074 I001500 32932
074 J001500 0
074 K001500 0
074 L001500 8
074 M001500 1
074 N001500 32941
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
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074 R041500 13
<PAGE> PAGE 68
074 S001500 0
074 T001500 32928
074 U011500 1821
074 U021500 711
074 V011500 13.00
074 V021500 13.04
074 W001500 0.0000
074 X001500 1413
074 Y001500 0
075 A001500 0
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SIGNATURE PENNI RUTKOWSKI
TITLE SUPERVISOR FIN ADMIN
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 011
<NAME> MONEY MARKET FUND CLASS A
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<F1>Class A
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<TABLE> <S> <C>
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<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<MULTIPLIER> 1000
<S> <C>
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<F1>Class Y
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<TABLE> <S> <C>
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<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<NAME> MONEY MARKET CLASS Q
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<F1>Class Q
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<CIK> 0000923499
<NAME> QUALIVEST FUNDS
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<CIK> 0000923499
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .47<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Q
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 031
<NAME> TAX-FREE MONEY MARKET CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 40539
<INVESTMENTS-AT-VALUE> 40539
<RECEIVABLES> 392
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40935
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 130
<TOTAL-LIABILITIES> 130
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40802
<SHARES-COMMON-STOCK> 31668<F1>
<SHARES-COMMON-PRIOR> 30142<F1>
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 40805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1387
<OTHER-INCOME> 0
<EXPENSES-NET> 325
<NET-INVESTMENT-INCOME> 1062
<REALIZED-GAINS-CURRENT> (1)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1061
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 876<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 94713
<NUMBER-OF-SHARES-REDEEMED> 88911
<SHARES-REINVESTED> 966
<NET-CHANGE-IN-ASSETS> 6767
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 459
<AVERAGE-NET-ASSETS> 32127<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .027<F1>
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .027<F1>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .88<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 032
<NAME> TAX-FREE MONEY MARKET CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 40539
<INVESTMENTS-AT-VALUE> 40539
<RECEIVABLES> 392
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40935
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 130
<TOTAL-LIABILITIES> 130
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40802
<SHARES-COMMON-STOCK> 3786<F1>
<SHARES-COMMON-PRIOR> 723<F1>
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 40805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1387
<OTHER-INCOME> 0
<EXPENSES-NET> 325
<NET-INVESTMENT-INCOME> 1062
<REALIZED-GAINS-CURRENT> (1)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1061
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 67<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 94713
<NUMBER-OF-SHARES-REDEEMED> 88911
<SHARES-REINVESTED> 966
<NET-CHANGE-IN-ASSETS> 6767
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 459
<AVERAGE-NET-ASSETS> 2149<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .031<F1>
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .031<F1>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .48<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 033
<NAME> TAX-FREE MONEY MARKET CLASS Q
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 40539
<INVESTMENTS-AT-VALUE> 40539
<RECEIVABLES> 392
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40935
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 130
<TOTAL-LIABILITIES> 130
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40802
<SHARES-COMMON-STOCK> 5351<F1>
<SHARES-COMMON-PRIOR> 3172<F1>
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 40805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1387
<OTHER-INCOME> 0
<EXPENSES-NET> 325
<NET-INVESTMENT-INCOME> 1062
<REALIZED-GAINS-CURRENT> (1)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1061
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 119<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 94713
<NUMBER-OF-SHARES-REDEEMED> 88911
<SHARES-REINVESTED> 966
<NET-CHANGE-IN-ASSETS> 6767
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 459
<AVERAGE-NET-ASSETS> 4127<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .029<F1>
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .029<F1>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .73<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Q
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 041
<NAME> INTERMEDIATE BOND FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 186577
<INVESTMENTS-AT-VALUE> 188276
<RECEIVABLES> 15271
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 203552
<PAYABLE-FOR-SECURITIES> 11811
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107
<TOTAL-LIABILITIES> 11918
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188891
<SHARES-COMMON-STOCK> 73<F1>
<SHARES-COMMON-PRIOR> 59<F1>
<ACCUMULATED-NII-CURRENT> 422
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 622
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1699
<NET-ASSETS> 191633
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11292
<OTHER-INCOME> 0
<EXPENSES-NET> 1258
<NET-INVESTMENT-INCOME> 10034
<REALIZED-GAINS-CURRENT> 630
<APPREC-INCREASE-CURRENT> 2813
<NET-CHANGE-FROM-OPS> 13477
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 39<F1>
<DISTRIBUTIONS-OF-GAINS> 2<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8576
<NUMBER-OF-SHARES-REDEEMED> 6483
<SHARES-REINVESTED> 855
<NET-CHANGE-IN-ASSETS> 32764
<ACCUMULATED-NII-PRIOR> 383
<ACCUMULATED-GAINS-PRIOR> 433
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1053
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1522
<AVERAGE-NET-ASSETS> 706<F1>
<PER-SHARE-NAV-BEGIN> 9.91<F1>
<PER-SHARE-NII> .55<F1>
<PER-SHARE-GAIN-APPREC> .20<F1>
<PER-SHARE-DIVIDEND> .55<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.08<F1>
<EXPENSE-RATIO> .97<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 042
<NAME> INTERMEDIATE BOND FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 186577
<INVESTMENTS-AT-VALUE> 188276
<RECEIVABLES> 15271
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 203552
<PAYABLE-FOR-SECURITIES> 11811
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107
<TOTAL-LIABILITIES> 11918
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188891
<SHARES-COMMON-STOCK> 18742<F1>
<SHARES-COMMON-PRIOR> 15802<F1>
<ACCUMULATED-NII-CURRENT> 422
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 622
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1699
<NET-ASSETS> 191633
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11292
<OTHER-INCOME> 0
<EXPENSES-NET> 1258
<NET-INVESTMENT-INCOME> 10034
<REALIZED-GAINS-CURRENT> 630
<APPREC-INCREASE-CURRENT> 2813
<NET-CHANGE-FROM-OPS> 13477
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9956<F1>
<DISTRIBUTIONS-OF-GAINS> 434<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8576
<NUMBER-OF-SHARES-REDEEMED> 6483
<SHARES-REINVESTED> 855
<NET-CHANGE-IN-ASSETS> 32764
<ACCUMULATED-NII-PRIOR> 383
<ACCUMULATED-GAINS-PRIOR> 433
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1053
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1522
<AVERAGE-NET-ASSETS> 174732<F1>
<PER-SHARE-NAV-BEGIN> 10.01<F1>
<PER-SHARE-NII> .57<F1>
<PER-SHARE-GAIN-APPREC> .20<F1>
<PER-SHARE-DIVIDEND> .57<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.18<F1>
<EXPENSE-RATIO> .72<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 043
<NAME> INTERMEDIATE BOND FUND CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 186577
<INVESTMENTS-AT-VALUE> 188276
<RECEIVABLES> 15271
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 203552
<PAYABLE-FOR-SECURITIES> 11811
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107
<TOTAL-LIABILITIES> 11918
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188891
<SHARES-COMMON-STOCK> 5<F1>
<SHARES-COMMON-PRIOR> 11<F1>
<ACCUMULATED-NII-CURRENT> 422
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 622
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1699
<NET-ASSETS> 191633
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11292
<OTHER-INCOME> 0
<EXPENSES-NET> 1258
<NET-INVESTMENT-INCOME> 10034
<REALIZED-GAINS-CURRENT> 630
<APPREC-INCREASE-CURRENT> 2813
<NET-CHANGE-FROM-OPS> 13477
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8576
<NUMBER-OF-SHARES-REDEEMED> 6483
<SHARES-REINVESTED> 855
<NET-CHANGE-IN-ASSETS> 32764
<ACCUMULATED-NII-PRIOR> 383
<ACCUMULATED-GAINS-PRIOR> 433
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1053
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1522
<AVERAGE-NET-ASSETS> 96<F1>
<PER-SHARE-NAV-BEGIN> 9.84<F1>
<PER-SHARE-NII> .29<F1>
<PER-SHARE-GAIN-APPREC> .38<F1>
<PER-SHARE-DIVIDEND> .47<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.01<F1>
<EXPENSE-RATIO> 1.72<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 051
<NAME> DIVERSIFIED BOND FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 251511
<INVESTMENTS-AT-VALUE> 257099
<RECEIVABLES> 4031
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 261135
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113
<TOTAL-LIABILITIES> 113
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 254986
<SHARES-COMMON-STOCK> 46<F1>
<SHARES-COMMON-PRIOR> 32<F1>
<ACCUMULATED-NII-CURRENT> 660
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 211
<ACCUM-APPREC-OR-DEPREC> 5587
<NET-ASSETS> 261022
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14445
<OTHER-INCOME> 0
<EXPENSES-NET> 1267
<NET-INVESTMENT-INCOME> 13178
<REALIZED-GAINS-CURRENT> (234)
<APPREC-INCREASE-CURRENT> 9406
<NET-CHANGE-FROM-OPS> 22350
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 24<F1>
<DISTRIBUTIONS-OF-GAINS> 3<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7838
<NUMBER-OF-SHARES-REDEEMED> 1965
<SHARES-REINVESTED> 1006
<NET-CHANGE-IN-ASSETS> 77444
<ACCUMULATED-NII-PRIOR> 464
<ACCUMULATED-GAINS-PRIOR> 1412
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1340
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1939
<AVERAGE-NET-ASSETS> 409<F1>
<PER-SHARE-NAV-BEGIN> 9.86<F1>
<PER-SHARE-NII> .55<F1>
<PER-SHARE-GAIN-APPREC> .38<F1>
<PER-SHARE-DIVIDEND> .56<F1>
<PER-SHARE-DISTRIBUTIONS> .07<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.16<F1>
<EXPENSE-RATIO> .82<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 052
<NAME> DIVERSIFIED BOND FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 251511
<INVESTMENTS-AT-VALUE> 257099
<RECEIVABLES> 4031
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 261135
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113
<TOTAL-LIABILITIES> 113
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 254986
<SHARES-COMMON-STOCK> 25114<F1>
<SHARES-COMMON-PRIOR> 18251<F1>
<ACCUMULATED-NII-CURRENT> 660
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 211
<ACCUM-APPREC-OR-DEPREC> 5587
<NET-ASSETS> 261022
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14445
<OTHER-INCOME> 0
<EXPENSES-NET> 1267
<NET-INVESTMENT-INCOME> 13178
<REALIZED-GAINS-CURRENT> (234)
<APPREC-INCREASE-CURRENT> 9406
<NET-CHANGE-FROM-OPS> 22350
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12938<F1>
<DISTRIBUTIONS-OF-GAINS> 1404<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7838
<NUMBER-OF-SHARES-REDEEMED> 1965
<SHARES-REINVESTED> 1006
<NET-CHANGE-IN-ASSETS> 77444
<ACCUMULATED-NII-PRIOR> 464
<ACCUMULATED-GAINS-PRIOR> 1412
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1340
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1939
<AVERAGE-NET-ASSETS> 222929<F1>
<PER-SHARE-NAV-BEGIN> 10.04<F1>
<PER-SHARE-NII> .59<F1>
<PER-SHARE-GAIN-APPREC> .40<F1>
<PER-SHARE-DIVIDEND> .59<F1>
<PER-SHARE-DISTRIBUTIONS> .07<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.37<F1>
<EXPENSE-RATIO> .57<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 053
<NAME> DIVERSIFIED BOND FUND CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 251511
<INVESTMENTS-AT-VALUE> 257099
<RECEIVABLES> 4031
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 261135
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113
<TOTAL-LIABILITIES> 113
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 254986
<SHARES-COMMON-STOCK> 2<F1>
<SHARES-COMMON-PRIOR> 1<F1>
<ACCUMULATED-NII-CURRENT> 660
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 211
<ACCUM-APPREC-OR-DEPREC> 5587
<NET-ASSETS> 261022
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14445
<OTHER-INCOME> 0
<EXPENSES-NET> 1267
<NET-INVESTMENT-INCOME> 13178
<REALIZED-GAINS-CURRENT> (234)
<APPREC-INCREASE-CURRENT> 9406
<NET-CHANGE-FROM-OPS> 22350
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7838
<NUMBER-OF-SHARES-REDEEMED> 1965
<SHARES-REINVESTED> 1006
<NET-CHANGE-IN-ASSETS> 77444
<ACCUMULATED-NII-PRIOR> 464
<ACCUMULATED-GAINS-PRIOR> 1412
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1340
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1939
<AVERAGE-NET-ASSETS> 22<F1>
<PER-SHARE-NAV-BEGIN> 9.44<F1>
<PER-SHARE-NII> .46<F1>
<PER-SHARE-GAIN-APPREC> .37<F1>
<PER-SHARE-DIVIDEND> .49<F1>
<PER-SHARE-DISTRIBUTIONS> .07<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.71<F1>
<EXPENSE-RATIO> 1.57<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 061
<NAME> SMALL COMPANIES VALUE FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 340818
<INVESTMENTS-AT-VALUE> 472183
<RECEIVABLES> 652
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 472844
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 428
<TOTAL-LIABILITIES> 428
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 307029
<SHARES-COMMON-STOCK> 1120<F1>
<SHARES-COMMON-PRIOR> 647<F1>
<ACCUMULATED-NII-CURRENT> 57
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33966
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131365
<NET-ASSETS> 472417
<DIVIDEND-INCOME> 3342
<INTEREST-INCOME> 1698
<OTHER-INCOME> (13)
<EXPENSES-NET> 4121
<NET-INVESTMENT-INCOME> 906
<REALIZED-GAINS-CURRENT> 40605
<APPREC-INCREASE-CURRENT> 94682
<NET-CHANGE-FROM-OPS> 136192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 13<F1>
<DISTRIBUTIONS-OF-GAINS> 1213<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14681
<NUMBER-OF-SHARES-REDEEMED> 12655
<SHARES-REINVESTED> 2341
<NET-CHANGE-IN-ASSETS> 164377
<ACCUMULATED-NII-PRIOR> 175
<ACCUMULATED-GAINS-PRIOR> 28368
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3063
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4121
<AVERAGE-NET-ASSETS> 14238<F1>
<PER-SHARE-NAV-BEGIN> 13.95<F1>
<PER-SHARE-NII> .01<F1>
<PER-SHARE-GAIN-APPREC> 5.43<F1>
<PER-SHARE-DIVIDEND> .01<F1>
<PER-SHARE-DISTRIBUTIONS> 1.52<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.86<F1>
<EXPENSE-RATIO> 1.31<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 062
<NAME> SMALL COMPANIES VALUE FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 340818
<INVESTMENTS-AT-VALUE> 472183
<RECEIVABLES> 652
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 472844
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 428
<TOTAL-LIABILITIES> 428
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 307029
<SHARES-COMMON-STOCK> 25177<F1>
<SHARES-COMMON-PRIOR> 21332<F1>
<ACCUMULATED-NII-CURRENT> 57
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33966
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131365
<NET-ASSETS> 472417
<DIVIDEND-INCOME> 3342
<INTEREST-INCOME> 1698
<OTHER-INCOME> (13)
<EXPENSES-NET> 4121
<NET-INVESTMENT-INCOME> 906
<REALIZED-GAINS-CURRENT> 40605
<APPREC-INCREASE-CURRENT> 94682
<NET-CHANGE-FROM-OPS> 136192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1010<F1>
<DISTRIBUTIONS-OF-GAINS> 33661<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14681
<NUMBER-OF-SHARES-REDEEMED> 12655
<SHARES-REINVESTED> 2341
<NET-CHANGE-IN-ASSETS> 164377
<ACCUMULATED-NII-PRIOR> 175
<ACCUMULATED-GAINS-PRIOR> 28368
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3063
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4121
<AVERAGE-NET-ASSETS> 367640<F1>
<PER-SHARE-NAV-BEGIN> 13.96<F1>
<PER-SHARE-NII> .04<F1>
<PER-SHARE-GAIN-APPREC> 5.43<F1>
<PER-SHARE-DIVIDEND> .04<F1>
<PER-SHARE-DISTRIBUTIONS> 1.52<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.87<F1>
<EXPENSE-RATIO> 1.06<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 063
<NAME> SMALL COMPANIES VALUE FUND CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 340818
<INVESTMENTS-AT-VALUE> 472183
<RECEIVABLES> 652
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 472844
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 428
<TOTAL-LIABILITIES> 428
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 307029
<SHARES-COMMON-STOCK> 139<F1>
<SHARES-COMMON-PRIOR> 89<F1>
<ACCUMULATED-NII-CURRENT> 57
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33966
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 131365
<NET-ASSETS> 472417
<DIVIDEND-INCOME> 3342
<INTEREST-INCOME> 1698
<OTHER-INCOME> (13)
<EXPENSES-NET> 4121
<NET-INVESTMENT-INCOME> 906
<REALIZED-GAINS-CURRENT> 40605
<APPREC-INCREASE-CURRENT> 94682
<NET-CHANGE-FROM-OPS> 136192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 133<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14681
<NUMBER-OF-SHARES-REDEEMED> 12655
<SHARES-REINVESTED> 2341
<NET-CHANGE-IN-ASSETS> 164377
<ACCUMULATED-NII-PRIOR> 175
<ACCUMULATED-GAINS-PRIOR> 28368
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3063
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4121
<AVERAGE-NET-ASSETS> 1693<F1>
<PER-SHARE-NAV-BEGIN> 13.74<F1>
<PER-SHARE-NII> (.06)<F1>
<PER-SHARE-GAIN-APPREC> 5.29<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> 1.52<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.45<F1>
<EXPENSE-RATIO> 2.06<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 071
<NAME> LARGE COMPANIES VALUE FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 140431
<INVESTMENTS-AT-VALUE> 192692
<RECEIVABLES> 766
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 193459
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 142
<TOTAL-LIABILITIES> 142
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128580
<SHARES-COMMON-STOCK> 509<F1>
<SHARES-COMMON-PRIOR> 391<F1>
<ACCUMULATED-NII-CURRENT> 458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12018
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52261
<NET-ASSETS> 193317
<DIVIDEND-INCOME> 2847
<INTEREST-INCOME> 742
<OTHER-INCOME> (2)
<EXPENSES-NET> 1407
<NET-INVESTMENT-INCOME> 2180
<REALIZED-GAINS-CURRENT> 14574
<APPREC-INCREASE-CURRENT> 40792
<NET-CHANGE-FROM-OPS> 57546
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 74<F1>
<DISTRIBUTIONS-OF-GAINS> 341<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5846
<NUMBER-OF-SHARES-REDEEMED> 4266
<SHARES-REINVESTED> 621
<NET-CHANGE-IN-ASSETS> 75095
<ACCUMULATED-NII-PRIOR> 418
<ACCUMULATED-GAINS-PRIOR> 6067
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1640
<AVERAGE-NET-ASSETS> 6362<F1>
<PER-SHARE-NAV-BEGIN> 11.92<F1>
<PER-SHARE-NII> .16<F1>
<PER-SHARE-GAIN-APPREC> 4.80<F1>
<PER-SHARE-DIVIDEND> .16<F1>
<PER-SHARE-DISTRIBUTIONS> .79<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.93<F1>
<EXPENSE-RATIO> 1.15<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 072
<NAME> LARGE COMPANIES VALUE FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 140431
<INVESTMENTS-AT-VALUE> 192692
<RECEIVABLES> 766
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 193459
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 142
<TOTAL-LIABILITIES> 142
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128580
<SHARES-COMMON-STOCK> 11486<F1>
<SHARES-COMMON-PRIOR> 9423<F1>
<ACCUMULATED-NII-CURRENT> 458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12018
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52261
<NET-ASSETS> 193317
<DIVIDEND-INCOME> 2847
<INTEREST-INCOME> 742
<OTHER-INCOME> (2)
<EXPENSES-NET> 1407
<NET-INVESTMENT-INCOME> 2180
<REALIZED-GAINS-CURRENT> 14574
<APPREC-INCREASE-CURRENT> 40792
<NET-CHANGE-FROM-OPS> 57546
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2061<F1>
<DISTRIBUTIONS-OF-GAINS> 8239<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5846
<NUMBER-OF-SHARES-REDEEMED> 4266
<SHARES-REINVESTED> 621
<NET-CHANGE-IN-ASSETS> 75095
<ACCUMULATED-NII-PRIOR> 418
<ACCUMULATED-GAINS-PRIOR> 6067
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1640
<AVERAGE-NET-ASSETS> 146717<F1>
<PER-SHARE-NAV-BEGIN> 11.98<F1>
<PER-SHARE-NII> .20<F1>
<PER-SHARE-GAIN-APPREC> 4.83<F1>
<PER-SHARE-DIVIDEND> .20<F1>
<PER-SHARE-DISTRIBUTIONS> .79<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.02<F1>
<EXPENSE-RATIO> .90<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 073
<NAME> LARGE COMPANIES VALUE FUND CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 140431
<INVESTMENTS-AT-VALUE> 192692
<RECEIVABLES> 766
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 193459
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 142
<TOTAL-LIABILITIES> 142
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128580
<SHARES-COMMON-STOCK> 75<F1>
<SHARES-COMMON-PRIOR> 55<F1>
<ACCUMULATED-NII-CURRENT> 458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12018
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52261
<NET-ASSETS> 193317
<DIVIDEND-INCOME> 2847
<INTEREST-INCOME> 742
<OTHER-INCOME> (2)
<EXPENSES-NET> 1407
<NET-INVESTMENT-INCOME> 2180
<REALIZED-GAINS-CURRENT> 14574
<APPREC-INCREASE-CURRENT> 40792
<NET-CHANGE-FROM-OPS> 57546
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4<F1>
<DISTRIBUTIONS-OF-GAINS> 43<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5846
<NUMBER-OF-SHARES-REDEEMED> 4266
<SHARES-REINVESTED> 621
<NET-CHANGE-IN-ASSETS> 75095
<ACCUMULATED-NII-PRIOR> 418
<ACCUMULATED-GAINS-PRIOR> 6067
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1640
<AVERAGE-NET-ASSETS> 864<F1>
<PER-SHARE-NAV-BEGIN> 11.73<F1>
<PER-SHARE-NII> .07<F1>
<PER-SHARE-GAIN-APPREC> 4.72<F1>
<PER-SHARE-DIVIDEND> .07<F1>
<PER-SHARE-DISTRIBUTIONS> .79<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.66<F1>
<EXPENSE-RATIO> 1.90<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 081
<NAME> OPTIMIZED STOCK FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 232524
<INVESTMENTS-AT-VALUE> 354851
<RECEIVABLES> 402
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 355254
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169
<TOTAL-LIABILITIES> 169
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 222266
<SHARES-COMMON-STOCK> 323<F1>
<SHARES-COMMON-PRIOR> 100<F1>
<ACCUMULATED-NII-CURRENT> 783
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9710
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 122327
<NET-ASSETS> 355086
<DIVIDEND-INCOME> 5362
<INTEREST-INCOME> 142
<OTHER-INCOME> (13)
<EXPENSES-NET> 1553
<NET-INVESTMENT-INCOME> 3938
<REALIZED-GAINS-CURRENT> 17303
<APPREC-INCREASE-CURRENT> 99083
<NET-CHANGE-FROM-OPS> 120324
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 29<F1>
<DISTRIBUTIONS-OF-GAINS> 102<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5022
<NUMBER-OF-SHARES-REDEEMED> 3838
<SHARES-REINVESTED> 1217
<NET-CHANGE-IN-ASSETS> 134763
<ACCUMULATED-NII-PRIOR> 731
<ACCUMULATED-GAINS-PRIOR> 6347
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1377
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2105
<AVERAGE-NET-ASSETS> 2682<F1>
<PER-SHARE-NAV-BEGIN> 12.10<F1>
<PER-SHARE-NII> .18<F1>
<PER-SHARE-GAIN-APPREC> 5.89<F1>
<PER-SHARE-DIVIDEND> .18<F1>
<PER-SHARE-DISTRIBUTIONS> .77<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.22<F1>
<EXPENSE-RATIO> .81<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 082
<NAME> OPTIMIZED STOCK FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 232524
<INVESTMENTS-AT-VALUE> 354851
<RECEIVABLES> 402
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 355254
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169
<TOTAL-LIABILITIES> 169
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 222266
<SHARES-COMMON-STOCK> 20221<F1>
<SHARES-COMMON-PRIOR> 18067<F1>
<ACCUMULATED-NII-CURRENT> 783
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9710
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 122327
<NET-ASSETS> 355086
<DIVIDEND-INCOME> 5362
<INTEREST-INCOME> 142
<OTHER-INCOME> (13)
<EXPENSES-NET> 1553
<NET-INVESTMENT-INCOME> 3938
<REALIZED-GAINS-CURRENT> 17303
<APPREC-INCREASE-CURRENT> 99083
<NET-CHANGE-FROM-OPS> 120324
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3857<F1>
<DISTRIBUTIONS-OF-GAINS> 13830<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5022
<NUMBER-OF-SHARES-REDEEMED> 3838
<SHARES-REINVESTED> 1217
<NET-CHANGE-IN-ASSETS> 134763
<ACCUMULATED-NII-PRIOR> 731
<ACCUMULATED-GAINS-PRIOR> 6347
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1377
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2105
<AVERAGE-NET-ASSETS> 272403<F1>
<PER-SHARE-NAV-BEGIN> 12.12<F1>
<PER-SHARE-NII> .20<F1>
<PER-SHARE-GAIN-APPREC> 5.91<F1>
<PER-SHARE-DIVIDEND> .20<F1>
<PER-SHARE-DISTRIBUTIONS> .77<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.26<F1>
<EXPENSE-RATIO> .56<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 083
<NAME> OPTIMIZED STOCK FUND CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 232524
<INVESTMENTS-AT-VALUE> 354851
<RECEIVABLES> 402
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 355254
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169
<TOTAL-LIABILITIES> 169
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 222266
<SHARES-COMMON-STOCK> 33<F1>
<SHARES-COMMON-PRIOR> 8<F1>
<ACCUMULATED-NII-CURRENT> 783
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9710
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 122327
<NET-ASSETS> 355086
<DIVIDEND-INCOME> 5362
<INTEREST-INCOME> 142
<OTHER-INCOME> (13)
<EXPENSES-NET> 1553
<NET-INVESTMENT-INCOME> 3938
<REALIZED-GAINS-CURRENT> 17303
<APPREC-INCREASE-CURRENT> 99083
<NET-CHANGE-FROM-OPS> 120324
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1<F1>
<DISTRIBUTIONS-OF-GAINS> 7<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5022
<NUMBER-OF-SHARES-REDEEMED> 3838
<SHARES-REINVESTED> 1217
<NET-CHANGE-IN-ASSETS> 134763
<ACCUMULATED-NII-PRIOR> 731
<ACCUMULATED-GAINS-PRIOR> 6347
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1377
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2105
<AVERAGE-NET-ASSETS> 224<F1>
<PER-SHARE-NAV-BEGIN> 12.05<F1>
<PER-SHARE-NII> .10<F1>
<PER-SHARE-GAIN-APPREC> 5.84<F1>
<PER-SHARE-DIVIDEND> .09<F1>
<PER-SHARE-DISTRIBUTIONS> .77<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.13<F1>
<EXPENSE-RATIO> 1.56<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 091
<NAME> INTERNATIONAL OPPORTUNITIES FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 180040
<INVESTMENTS-AT-VALUE> 212440
<RECEIVABLES> 229
<ASSETS-OTHER> 557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 213226
<PAYABLE-FOR-SECURITIES> 927
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2
<TOTAL-LIABILITIES> 1083
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 179487
<SHARES-COMMON-STOCK> 128<F1>
<SHARES-COMMON-PRIOR> 187<F1>
<ACCUMULATED-NII-CURRENT> 706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (437)
<ACCUM-APPREC-OR-DEPREC> 32387
<NET-ASSETS> 212143
<DIVIDEND-INCOME> 3784
<INTEREST-INCOME> 0
<OTHER-INCOME> (546)
<EXPENSES-NET> 1259
<NET-INVESTMENT-INCOME> 1979
<REALIZED-GAINS-CURRENT> (412)
<APPREC-INCREASE-CURRENT> 28676
<NET-CHANGE-FROM-OPS> 30243
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14<F1>
<DISTRIBUTIONS-OF-GAINS> 5<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7248
<NUMBER-OF-SHARES-REDEEMED> 3752
<SHARES-REINVESTED> 139
<NET-CHANGE-IN-ASSETS> 67661
<ACCUMULATED-NII-PRIOR> 543
<ACCUMULATED-GAINS-PRIOR> 314
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1036
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1778
<AVERAGE-NET-ASSETS> 1677<F1>
<PER-SHARE-NAV-BEGIN> 10.64<F1>
<PER-SHARE-NII> .10<F1>
<PER-SHARE-GAIN-APPREC> 1.70<F1>
<PER-SHARE-DIVIDEND> .09<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.32<F1>
<EXPENSE-RATIO> .98<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 092
<NAME> INTERNATIONAL OPPORTUNITIES FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 180040
<INVESTMENTS-AT-VALUE> 212440
<RECEIVABLES> 229
<ASSETS-OTHER> 557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 213226
<PAYABLE-FOR-SECURITIES> 927
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2
<TOTAL-LIABILITIES> 1083
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 179487
<SHARES-COMMON-STOCK> 17026<F1>
<SHARES-COMMON-PRIOR> 13334<F1>
<ACCUMULATED-NII-CURRENT> 706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (437)
<ACCUM-APPREC-OR-DEPREC> 32387
<NET-ASSETS> 212143
<DIVIDEND-INCOME> 3784
<INTEREST-INCOME> 0
<OTHER-INCOME> (546)
<EXPENSES-NET> 1259
<NET-INVESTMENT-INCOME> 1979
<REALIZED-GAINS-CURRENT> (412)
<APPREC-INCREASE-CURRENT> 28676
<NET-CHANGE-FROM-OPS> 30243
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1705<F1>
<DISTRIBUTIONS-OF-GAINS> 430<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7248
<NUMBER-OF-SHARES-REDEEMED> 3752
<SHARES-REINVESTED> 139
<NET-CHANGE-IN-ASSETS> 67761
<ACCUMULATED-NII-PRIOR> 543
<ACCUMULATED-GAINS-PRIOR> 314
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1036
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1778
<AVERAGE-NET-ASSETS> 170984<F1>
<PER-SHARE-NAV-BEGIN> 10.69<F1>
<PER-SHARE-NII> .13<F1>
<PER-SHARE-GAIN-APPREC> 1.70<F1>
<PER-SHARE-DIVIDEND> .12<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.37<F1>
<EXPENSE-RATIO> .73<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 093
<NAME> INTERNATIONAL OPPORTUNITIES FUND CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 180040
<INVESTMENTS-AT-VALUE> 212440
<RECEIVABLES> 229
<ASSETS-OTHER> 557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 213226
<PAYABLE-FOR-SECURITIES> 927
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2
<TOTAL-LIABILITIES> 1083
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 179487
<SHARES-COMMON-STOCK> 2<F1>
<SHARES-COMMON-PRIOR> 2<F1>
<ACCUMULATED-NII-CURRENT> 706
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (437)
<ACCUM-APPREC-OR-DEPREC> 32387
<NET-ASSETS> 212143
<DIVIDEND-INCOME> 3784
<INTEREST-INCOME> 0
<OTHER-INCOME> (546)
<EXPENSES-NET> 1259
<NET-INVESTMENT-INCOME> 1979
<REALIZED-GAINS-CURRENT> (412)
<APPREC-INCREASE-CURRENT> 28676
<NET-CHANGE-FROM-OPS> 30243
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7248
<NUMBER-OF-SHARES-REDEEMED> 3752
<SHARES-REINVESTED> 139
<NET-CHANGE-IN-ASSETS> 67761
<ACCUMULATED-NII-PRIOR> 543
<ACCUMULATED-GAINS-PRIOR> 314
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1036
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1778
<AVERAGE-NET-ASSETS> 22<F1>
<PER-SHARE-NAV-BEGIN> 10.63<F1>
<PER-SHARE-NII> .01<F1>
<PER-SHARE-GAIN-APPREC> 1.69<F1>
<PER-SHARE-DIVIDEND> .02<F1>
<PER-SHARE-DISTRIBUTIONS> .03<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.28<F1>
<EXPENSE-RATIO> 1.73<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class C
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 101
<NAME> ALLOCATED CONSERVATIVE FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 11638
<INVESTMENTS-AT-VALUE> 12542
<RECEIVABLES> 21
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12564
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10
<TOTAL-LIABILITIES> 10
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11229
<SHARES-COMMON-STOCK> 285<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 421
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 904
<NET-ASSETS> 12554
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 437
<EXPENSES-NET> 43
<NET-INVESTMENT-INCOME> 393
<REALIZED-GAINS-CURRENT> 424
<APPREC-INCREASE-CURRENT> 990
<NET-CHANGE-FROM-OPS> 1807
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 51<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1095
<NUMBER-OF-SHARES-REDEEMED> 758
<SHARES-REINVESTED> 21
<NET-CHANGE-IN-ASSETS> 4981
<ACCUMULATED-NII-PRIOR> 40
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43
<AVERAGE-NET-ASSETS> 1330<F1>
<PER-SHARE-NAV-BEGIN> 9.95<F1>
<PER-SHARE-NII> .41<F1>
<PER-SHARE-GAIN-APPREC> 1.28<F1>
<PER-SHARE-DIVIDEND> .42<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.22<F1>
<EXPENSE-RATIO> .63<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 102
<NAME> ALLOCATED CONSERVATIVE FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 11638
<INVESTMENTS-AT-VALUE> 12542
<RECEIVABLES> 21
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12564
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10
<TOTAL-LIABILITIES> 10
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11229
<SHARES-COMMON-STOCK> 834<F1>
<SHARES-COMMON-PRIOR> 760<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 421
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 904
<NET-ASSETS> 12554
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 437
<EXPENSES-NET> 43
<NET-INVESTMENT-INCOME> 393
<REALIZED-GAINS-CURRENT> 424
<APPREC-INCREASE-CURRENT> 990
<NET-CHANGE-FROM-OPS> 1807
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 382<F1>
<DISTRIBUTIONS-OF-GAINS> 3<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1095
<NUMBER-OF-SHARES-REDEEMED> 758
<SHARES-REINVESTED> 21
<NET-CHANGE-IN-ASSETS> 4981
<ACCUMULATED-NII-PRIOR> 40
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43
<AVERAGE-NET-ASSETS> 9139<F1>
<PER-SHARE-NAV-BEGIN> 9.96<F1>
<PER-SHARE-NII> .39<F1>
<PER-SHARE-GAIN-APPREC> 1.32<F1>
<PER-SHARE-DIVIDEND> .44<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.23<F1>
<EXPENSE-RATIO> .38<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 111
<NAME> ALLOCATED BALANCED FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 118927
<INVESTMENTS-AT-VALUE> 135188
<RECEIVABLES> 50
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135244
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23
<TOTAL-LIABILITIES> 23
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116371
<SHARES-COMMON-STOCK> 935<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2588
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16261
<NET-ASSETS> 135221
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2522
<EXPENSES-NET> 205
<NET-INVESTMENT-INCOME> 2317
<REALIZED-GAINS-CURRENT> 2600
<APPREC-INCREASE-CURRENT> 17381
<NET-CHANGE-FROM-OPS> 22298
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 120<F1>
<DISTRIBUTIONS-OF-GAINS> 1<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9752
<NUMBER-OF-SHARES-REDEEMED> 2505
<SHARES-REINVESTED> 211
<NET-CHANGE-IN-ASSETS> 96938
<ACCUMULATED-NII-PRIOR> 130
<ACCUMULATED-GAINS-PRIOR> 6
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 205
<AVERAGE-NET-ASSETS> 4630<F1>
<PER-SHARE-NAV-BEGIN> 9.74<F1>
<PER-SHARE-NII> .29<F1>
<PER-SHARE-GAIN-APPREC> 2.25<F1>
<PER-SHARE-DIVIDEND> .30<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.98<F1>
<EXPENSE-RATIO> .48<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 112
<NAME> ALLOCATED BALANCED FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 118927
<INVESTMENTS-AT-VALUE> 135188
<RECEIVABLES> 50
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135244
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23
<TOTAL-LIABILITIES> 23
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116371
<SHARES-COMMON-STOCK> 10450<F1>
<SHARES-COMMON-PRIOR> 3927<F1>
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2588
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16261
<NET-ASSETS> 135221
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 2522
<EXPENSES-NET> 205
<NET-INVESTMENT-INCOME> 2317
<REALIZED-GAINS-CURRENT> 2600
<APPREC-INCREASE-CURRENT> 17381
<NET-CHANGE-FROM-OPS> 22298
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2326<F1>
<DISTRIBUTIONS-OF-GAINS> 18<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9752
<NUMBER-OF-SHARES-REDEEMED> 2505
<SHARES-REINVESTED> 211
<NET-CHANGE-IN-ASSETS> 96938
<ACCUMULATED-NII-PRIOR> 130
<ACCUMULATED-GAINS-PRIOR> 6
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 205
<AVERAGE-NET-ASSETS> 79481<F1>
<PER-SHARE-NAV-BEGIN> 9.75<F1>
<PER-SHARE-NII> .29<F1>
<PER-SHARE-GAIN-APPREC> 2.15<F1>
<PER-SHARE-DIVIDEND> .32<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.87<F1>
<EXPENSE-RATIO> .23<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 121
<NAME> ALLOCATED GROWTH FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 24761
<INVESTMENTS-AT-VALUE> 28565
<RECEIVABLES> 36
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28602
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14
<TOTAL-LIABILITIES> 14
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23798
<SHARES-COMMON-STOCK> 1175<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3804
<NET-ASSETS> 28589
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 367
<EXPENSES-NET> 69
<NET-INVESTMENT-INCOME> 298
<REALIZED-GAINS-CURRENT> 998
<APPREC-INCREASE-CURRENT> 4158
<NET-CHANGE-FROM-OPS> 5454
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 85<F1>
<DISTRIBUTIONS-OF-GAINS> 3<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1919
<NUMBER-OF-SHARES-REDEEMED> 785
<SHARES-REINVESTED> 20
<NET-CHANGE-IN-ASSETS> 17788
<ACCUMULATED-NII-PRIOR> 14
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 69
<AVERAGE-NET-ASSETS> 6022<F1>
<PER-SHARE-NAV-BEGIN> 9.74<F1>
<PER-SHARE-NII> .16<F1>
<PER-SHARE-GAIN-APPREC> 2.97<F1>
<PER-SHARE-DIVIDEND> .17<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.69<F1>
<EXPENSE-RATIO> .54<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 122
<NAME> ALLOCATED GROWTH FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 24761
<INVESTMENTS-AT-VALUE> 28565
<RECEIVABLES> 36
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28602
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14
<TOTAL-LIABILITIES> 14
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23798
<SHARES-COMMON-STOCK> 1089<F1>
<SHARES-COMMON-PRIOR> 1112<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3804
<NET-ASSETS> 28589
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 367
<EXPENSES-NET> 69
<NET-INVESTMENT-INCOME> 298
<REALIZED-GAINS-CURRENT> 998
<APPREC-INCREASE-CURRENT> 4158
<NET-CHANGE-FROM-OPS> 5454
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 226<F1>
<DISTRIBUTIONS-OF-GAINS> 9<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1919
<NUMBER-OF-SHARES-REDEEMED> 785
<SHARES-REINVESTED> 20
<NET-CHANGE-IN-ASSETS> 17788
<ACCUMULATED-NII-PRIOR> 14
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 69
<AVERAGE-NET-ASSETS> 12875<F1>
<PER-SHARE-NAV-BEGIN> 9.72<F1>
<PER-SHARE-NII> .19<F1>
<PER-SHARE-GAIN-APPREC> 2.84<F1>
<PER-SHARE-DIVIDEND> .19<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.55<F1>
<EXPENSE-RATIO> .29<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 131
<NAME> ALLOCATED AGGRESSIVE FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 27879
<INVESTMENTS-AT-VALUE> 32932
<RECEIVABLES> 8
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32940
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13
<TOTAL-LIABILITIES> 13
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27117
<SHARES-COMMON-STOCK> 711<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5053
<NET-ASSETS> 32927
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 186
<EXPENSES-NET> 62
<NET-INVESTMENT-INCOME> 125
<REALIZED-GAINS-CURRENT> 762
<APPREC-INCREASE-CURRENT> 5343
<NET-CHANGE-FROM-OPS> 6229
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2250
<NUMBER-OF-SHARES-REDEEMED> 584
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 24719
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 5
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 62
<AVERAGE-NET-ASSETS> 3578<F1>
<PER-SHARE-NAV-BEGIN> 9.64<F1>
<PER-SHARE-NII> .07<F1>
<PER-SHARE-GAIN-APPREC> 3.40<F1>
<PER-SHARE-DIVIDEND> .07<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.04<F1>
<EXPENSE-RATIO> .52<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000923499
<NAME> QUALIVEST FUNDS
<SERIES>
<NUMBER> 132
<NAME> ALLOCATED AGGRESSIVE FUND CLASS Y
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> JUL-31-1996
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 27879
<INVESTMENTS-AT-VALUE> 32932
<RECEIVABLES> 8
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32940
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13
<TOTAL-LIABILITIES> 13
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27117
<SHARES-COMMON-STOCK> 1821<F1>
<SHARES-COMMON-PRIOR> 854<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5053
<NET-ASSETS> 32927
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 186
<EXPENSES-NET> 62
<NET-INVESTMENT-INCOME> 125
<REALIZED-GAINS-CURRENT> 762
<APPREC-INCREASE-CURRENT> 5343
<NET-CHANGE-FROM-OPS> 6229
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 109<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2250
<NUMBER-OF-SHARES-REDEEMED> 584
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 24719
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 5
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 62
<AVERAGE-NET-ASSETS> 15105<F1>
<PER-SHARE-NAV-BEGIN> 9.60<F1>
<PER-SHARE-NII> .09<F1>
<PER-SHARE-GAIN-APPREC> 3.40<F1>
<PER-SHARE-DIVIDEND> .09<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.00<F1>
<EXPENSE-RATIO> .28<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class Y
</FN>
</TABLE>
Board of Trustees
Qualivest Funds
In planning and performing our audits of the financial
statements of Qualivest Funds for the year ended July
31, 1997 (on which we have issued our report dated
September 12, 1997), we considered its internal control
structure, including procedures for safeguarding securities,
in order to determine our auditing procedures for the purpose
of expressing our opinion on the financial statements and
to comply with the requirements of Form N-SAR, not to
provide assurance on the internal control structure.
The management of Qualivest Funds is responsible for
establishing and maintaining an internal control structure.
In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits
and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control
structure are to provide management with reasonable, but
not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions
are executed in accordance with management's authorization
and recorded properly to permit preparation of financial
statements in accordance with generally accepted accounting
principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and may not be detected.
Also, projection of any evaluation of the structure to future
periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness
of the design and operation may deteriorate.
Our consideration of the internal control structure would
not necessarily disclose all matters in the internal control
structure that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which
the design or operation of the specific internal control
structure elements does not reduce to a relatively low
level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements
being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters
involving the internal control structure, including procedures
for safeguarding securities, that we consider to be material
weaknesses as defined above as of July 31, 1997.
This report is intended solely for the information and use
of the Board of Trustees, management and the Securities
and Exchange Commission.
DELOITTE & TOUCHE LLP
September 12, 1997
Dayton, Ohio
