<PAGE> PAGE 1
000 B000000 11/30/1999
000 C000000 0000929189
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 IBJ FUNDS TRUST
001 B000000 811-8738
001 C000000 8009942533
002 A000000 4400 COMPUTER DRIVE
002 B000000 WESTBOROUGH
002 C000000 MA
002 D010000 01581
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 IBJ RESERVE MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 IBJ CORE FIXED INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 IBJ CORE EQUITY FUND
007 C030300 N
007 C010400 4
007 C020400 IBJ BLENDED TOTAL RETURN FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 IBJ WHITEHALL BANK & TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10004
010 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B00AA01 84-1761
010 C01AA01 WESTBORO
010 C02AA01 MA
010 C03AA01 01581
<PAGE> PAGE 2
011 A00AA01 FIRST DATA DISTRIBUTORS INC.
011 B00AA01 8-45467
011 C01AA01 WESTBORO
011 C02AA01 MA
011 C03AA01 01581
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-1761
012 C01AA01 WESTBORO
012 C02AA01 MA
012 C03AA01 01581
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 DELETE
015 A00AA01 IBJ WHITEHALL BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10004
015 E03AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 CIS SECURITIES
020 C000001 22
020 A000002 BROADCORT- CIT
020 C000002 11
020 A000003 STANDARD & POOR'S SECURITIES
020 C000003 8
020 A000004 PAINEWEBBER
020 B000004 13-2638166
020 C000004 7
020 A000005 AUTRANET, INC.
020 C000005 5
020 A000006 NATIONSBANC
020 C000006 5
020 A000007 ABN-AMRO SECURITIES USA, INC.
020 C000007 5
020 A000008 GOLDMAN SACHS
020 B000008 13-5108880
020 C000008 5
020 A000009 FIRST BOSTON CORP
020 B000009 13-5659485
020 C000009 5
020 A000010 LEHMAN BROTHERS
020 C000010 4
021 000000 99
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 66095
<PAGE> PAGE 3
022 D000001 23987
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002 31881
022 D000002 9893
022 A000003 MORGAN STANLEY
022 B000003 13-2655998
022 C000003 36743
022 D000003 3530
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004 28956
022 D000004 2463
022 A000005 G. X. CLARKE
022 C000005 3391
022 D000005 2768
022 A000006 BARCLAYS
022 C000006 5370
022 D000006 530
022 A000007 ABN-AMRO SECURITIES
022 C000007 1213
022 D000007 4395
022 A000008 FIRST ALBANY
022 C000008 4015
022 D000008 1472
022 A000009 ARBOR TRADING
022 C000009 2207
022 D000009 2201
022 A000010 PAINEWEBBER
022 B000010 13-2638166
022 C000010 0
022 D000010 3289
023 C000000 310458
023 D000000 161130
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
<PAGE> PAGE 4
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 Y
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
<PAGE> PAGE 5
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE CO. OF PA
080 C00AA00 750
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
<PAGE> PAGE 6
086 F020000 0
028 A010100 4367
028 A020100 1
028 A030100 0
028 A040100 5216
028 B010100 3793
028 B020100 80
028 B030100 0
028 B040100 3061
028 C010100 4471
028 C020100 86
028 C030100 0
028 C040100 4333
028 D010100 2524
028 D020100 90
028 D030100 0
028 D040100 2538
028 E010100 2236
028 E020100 92
028 E030100 0
028 E040100 5877
028 F010100 2002
028 F020100 170
028 F030100 0
028 F040100 2180
028 G010100 19393
028 G020100 519
028 G030100 0
028 G040100 23205
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.350
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
<PAGE> PAGE 7
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 7.8
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 90.9
062 J000100 0.0
062 K000100 0.0
062 L000100 1.8
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 -0.5
063 A000100 35
063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
<PAGE> PAGE 8
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 1014
072 C000100 15
072 D000100 0
072 E000100 0
072 F000100 71
072 G000100 36
072 H000100 0
072 I000100 53
072 J000100 8
072 K000100 0
072 L000100 2
072 M000100 3
072 N000100 18
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 6
072 S000100 11
072 T000100 0
072 U000100 6
072 V000100 0
072 W000100 2
072 X000100 216
072 Y000100 87
072 Z000100 900
072AA000100 0
072BB000100 1
072CC010100 0
072CC020100 0
<PAGE> PAGE 9
072DD010100 1
072DD020100 899
072EE000100 0
073 A010100 0.0400
073 A020100 0.0400
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 20238
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 366
074 J000100 0
074 K000100 0
074 L000100 19
074 M000100 4
074 N000100 20627
074 O000100 0
074 P000100 9
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 104
074 S000100 0
074 T000100 20514
074 U010100 14
074 U020100 20510
074 V010100 1.00
074 V020100 1.00
074 W000100 0.9995
074 X000100 25
074 Y000100 0
075 A000100 20168
075 B000100 0
076 000100 0.00
028 A010200 108
028 A020200 0
028 A030200 0
028 A040200 156
028 B010200 573
028 B020200 156
028 B030200 0
028 B040200 313
028 C010200 76
028 C020200 162
028 C030200 0
<PAGE> PAGE 10
028 C040200 1210
028 D010200 62
028 D020200 162
028 D030200 0
028 D040200 378
028 E010200 1552
028 E020200 156
028 E030200 0
028 E040200 156
028 F010200 41
028 F020200 326
028 F030200 0
028 F040200 214
028 G010200 2412
028 G020200 962
028 G030200 0
028 G040200 2427
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.500
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
<PAGE> PAGE 11
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 1.5
062 M000200 20.6
062 N000200 20.1
062 O000200 0.0
062 P000200 50.1
062 Q000200 8.0
062 R000200 -0.3
063 A000200 0
063 B000200 9.6
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
<PAGE> PAGE 12
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 25207
071 B000200 25039
071 C000200 35848
071 D000200 70
072 A000200 12
072 B000200 2338
072 C000200 24
072 D000200 0
072 E000200 0
072 F000200 185
072 G000200 67
072 H000200 0
072 I000200 82
072 J000200 15
072 K000200 0
072 L000200 3
072 M000200 6
072 N000200 16
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 20
072 S000200 10
072 T000200 0
072 U000200 6
072 V000200 0
072 W000200 7
072 X000200 417
072 Y000200 41
072 Z000200 1986
072AA000200 0
072BB000200 42
072CC010200 0
072CC020200 2615
072DD010200 1
072DD020200 2076
072EE000200 254
073 A010200 0.5600
073 A020200 0.5700
073 B000200 0.0700
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 35323
074 E000200 0
<PAGE> PAGE 13
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 552
074 J000200 0
074 K000200 0
074 L000200 555
074 M000200 5
074 N000200 36435
074 O000200 597
074 P000200 27
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 37
074 S000200 0
074 T000200 35774
074 U010200 1
074 U020200 3651
074 V010200 9.79
074 V020200 9.79
074 W000200 0.0000
074 X000200 21
074 Y000200 0
075 A000200 0
075 B000200 37003
076 000200 0.00
028 A010300 839
028 A020300 0
028 A030300 0
028 A040300 1252
028 B010300 1486
028 B020300 0
028 B030300 0
028 B040300 974
028 C010300 1299
028 C020300 0
028 C030300 0
028 C040300 9983
028 D010300 851
028 D020300 0
028 D030300 0
028 D040300 1008
028 E010300 2837
028 E020300 0
028 E030300 0
028 E040300 1306
028 F010300 808
028 F020300 0
028 F030300 0
<PAGE> PAGE 14
028 F040300 389
028 G010300 8120
028 G020300 0
028 G030300 0
028 G040300 14912
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
<PAGE> PAGE 15
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 7201
071 B000300 46710
071 C000300 121411
<PAGE> PAGE 16
071 D000300 6
072 A000300 12
072 B000300 0
072 C000300 879
072 D000300 0
072 E000300 0
072 F000300 751
072 G000300 225
072 H000300 0
072 I000300 98
072 J000300 50
072 K000300 0
072 L000300 11
072 M000300 21
072 N000300 18
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 37
072 S000300 69
072 T000300 0
072 U000300 6
072 V000300 0
072 W000300 15
072 X000300 1301
072 Y000300 139
072 Z000300 -283
072AA000300 14568
072BB000300 0
072CC010300 32359
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 14697
073 A010300 0.0000
073 A020300 0.0000
073 B000300 1.9500
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 128479
074 G000300 0
074 H000300 0
074 I000300 3104
074 J000300 0
074 K000300 0
074 L000300 103
074 M000300 4
<PAGE> PAGE 17
074 N000300 131690
074 O000300 0
074 P000300 93
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 76
074 S000300 0
074 T000300 131521
074 U010300 1
074 U020300 6271
074 V010300 20.98
074 V020300 20.97
074 W000300 0.0000
074 X000300 54
074 Y000300 0
075 A000300 0
075 B000300 125090
076 000300 0.00
028 A010400 135
028 A020400 0
028 A030400 0
028 A040400 462
028 B010400 538
028 B020400 0
028 B030400 0
028 B040400 301
028 C010400 303
028 C020400 0
028 C030400 0
028 C040400 3505
028 D010400 229
028 D020400 814
028 D030400 0
028 D040400 350
028 E010400 235
028 E020400 0
028 E030400 0
028 E040400 413
028 F010400 131
028 F020400 0
028 F030400 0
028 F040400 288
028 G010400 1571
028 G020400 814
028 G030400 0
028 G040400 5319
028 H000400 0
045 000400 Y
046 000400 N
<PAGE> PAGE 18
047 000400 Y
048 000400 0.600
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 Y
066 F000400 N
066 G000400 N
<PAGE> PAGE 19
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
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 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 24124
071 B000400 35277
071 C000400 58129
071 D000400 42
072 A000400 12
072 B000400 1477
072 C000400 384
072 D000400 0
072 E000400 0
072 F000400 369
072 G000400 111
<PAGE> PAGE 20
072 H000400 0
072 I000400 79
072 J000400 25
072 K000400 0
072 L000400 5
072 M000400 10
072 N000400 17
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 18
072 S000400 34
072 T000400 0
072 U000400 6
072 V000400 0
072 W000400 11
072 X000400 685
072 Y000400 68
072 Z000400 1244
072AA000400 165
072BB000400 0
072CC010400 7272
072CC020400 0
072DD010400 0
072DD020400 982
072EE000400 5726
073 A010400 0.2000
073 A020400 0.2000
073 B000400 1.1300
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 19725
074 E000400 0
074 F000400 37902
074 G000400 0
074 H000400 0
074 I000400 1702
074 J000400 0
074 K000400 0
074 L000400 352
074 M000400 4
074 N000400 59685
074 O000400 0
074 P000400 46
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 48
<PAGE> PAGE 21
074 S000400 0
074 T000400 59591
074 U010400 1
074 U020400 4468
074 V010400 13.33
074 V020400 13.33
074 W000400 0.0000
074 X000400 19
074 Y000400 0
075 A000400 0
075 B000400 61529
076 000400 0.00
SIGNATURE WILLIAM J. GREILICH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> IBJ RESERVE MONEY MARKET FUND-PREMIUM CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 20,603,704
<INVESTMENTS-AT-VALUE> 20,603,704
<RECEIVABLES> 19,379
<ASSETS-OTHER> 4,414
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,627,497
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,027
<TOTAL-LIABILITIES> 113,027
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,523,830
<SHARES-COMMON-STOCK> 14,294
<SHARES-COMMON-PRIOR> 13,673
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 9,360
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20,514,470
<DIVIDEND-INCOME> 15,348
<INTEREST-INCOME> 1,013,727
<OTHER-INCOME> 0
<EXPENSES-NET> (129,093)
<NET-INVESTMENT-INCOME> 899,982
<REALIZED-GAINS-CURRENT> (559)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 899,423
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (621)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 621
<NET-CHANGE-IN-ASSETS> 1,916,188
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 8,800
<GROSS-ADVISORY-FEES> 70,587
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 216,187
<AVERAGE-NET-ASSETS> 13,946
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.07
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> IBJ RESERVE MONEY MARKET FUND-SERVICE CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 20,603,704
<INVESTMENTS-AT-VALUE> 20,603,704
<RECEIVABLES> 19,379
<ASSETS-OTHER> 4,414
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,627,497
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,027
<TOTAL-LIABILITIES> 113,027
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,523,830
<SHARES-COMMON-STOCK> 20,509,648
<SHARES-COMMON-PRIOR> 18,593,490
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 9,360
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20,514,470
<DIVIDEND-INCOME> 15,348
<INTEREST-INCOME> 1,013,727
<OTHER-INCOME> 0
<EXPENSES-NET> (129,093)
<NET-INVESTMENT-INCOME> 899,982
<REALIZED-GAINS-CURRENT> (559)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 899,423
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (899,361)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 41,324,463
<NUMBER-OF-SHARES-REDEEMED> 40,307,779
<SHARES-REINVESTED> 899,474
<NET-CHANGE-IN-ASSETS> 1,916,188
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 8,800
<GROSS-ADVISORY-FEES> 70,587
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 216,187
<AVERAGE-NET-ASSETS> 20,153,645
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.07
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> IBJ CORE FIXED INCOME FUND-PREMIUM CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 37,000,805
<INVESTMENTS-AT-VALUE> 35,875,328
<RECEIVABLES> 555,410
<ASSETS-OTHER> 4,414
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 36,435,152
<PAYABLE-FOR-SECURITIES> 596,869
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,090
<TOTAL-LIABILITIES> 660,959
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,961,168
<SHARES-COMMON-STOCK> 1,462
<SHARES-COMMON-PRIOR> 1,372
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 61,498
<ACCUM-APPREC-OR-DEPREC> (1,125,477)
<NET-ASSETS> 35,774,193
<DIVIDEND-INCOME> 24,168
<INTEREST-INCOME> 2,337,892
<OTHER-INCOME> 0
<EXPENSES-NET> (376,269)
<NET-INVESTMENT-INCOME> 1,985,791
<REALIZED-GAINS-CURRENT> (41,725)
<APPREC-INCREASE-CURRENT> (2,615,002)
<NET-CHANGE-FROM-OPS> (670,936)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (804)
<DISTRIBUTIONS-OF-GAINS> (95)
<DISTRIBUTIONS-OTHER> (10)
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 90
<NET-CHANGE-IN-ASSETS> (3,043,415)
<ACCUMULATED-NII-PRIOR> 100,752
<ACCUMULATED-GAINS-PRIOR> 225,090
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 185,017
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 417,175
<AVERAGE-NET-ASSETS> 14,349
<PER-SHARE-NAV-BEGIN> 10.61
<PER-SHARE-NII> 0.53
<PER-SHARE-GAIN-APPREC> (0.71)
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> 1.13
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> IBJ CORE FIXED INCOME FUND-SERVICE CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 37,000,805
<INVESTMENTS-AT-VALUE> 35,875,328
<RECEIVABLES> 555,410
<ASSETS-OTHER> 4,414
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 36,435,152
<PAYABLE-FOR-SECURITIES> 596,869
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,090
<TOTAL-LIABILITIES> 660,959
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,961,168
<SHARES-COMMON-STOCK> 3,651,043
<SHARES-COMMON-PRIOR> 3,655,513
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 61,498
<ACCUM-APPREC-OR-DEPREC> (1,125,477)
<NET-ASSETS> 35,774,193
<DIVIDEND-INCOME> 24,168
<INTEREST-INCOME> 2,337,892
<OTHER-INCOME> 0
<EXPENSES-NET> (376,269)
<NET-INVESTMENT-INCOME> 1,985,791
<REALIZED-GAINS-CURRENT> (41,725)
<APPREC-INCREASE-CURRENT> (2,615,002)
<NET-CHANGE-FROM-OPS> (670,936)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,076,255)
<DISTRIBUTIONS-OF-GAINS> (253,847)
<DISTRIBUTIONS-OTHER> (24,367)
<NUMBER-OF-SHARES-SOLD> 488,803
<NUMBER-OF-SHARES-REDEEMED> 725,186
<SHARES-REINVESTED> 231,913
<NET-CHANGE-IN-ASSETS> (3,043,415)
<ACCUMULATED-NII-PRIOR> 100,752
<ACCUMULATED-GAINS-PRIOR> 225,090
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 185,017
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 417,175
<AVERAGE-NET-ASSETS> 36,989,026
<PER-SHARE-NAV-BEGIN> 10.61
<PER-SHARE-NII> 0.55
<PER-SHARE-GAIN-APPREC> (0.72)
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> 1.13
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> IBJ CORE EQUITY FUND-PREMIUM CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 66,478,054
<INVESTMENTS-AT-VALUE> 131,583,031
<RECEIVABLES> 103,064
<ASSETS-OTHER> 4,453
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 131,690,548
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169,304
<TOTAL-LIABILITIES> 169,304
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,187,275
<SHARES-COMMON-STOCK> 1,197
<SHARES-COMMON-PRIOR> 1,053
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,228,992
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 65,104,977
<NET-ASSETS> 131,521,244
<DIVIDEND-INCOME> 879,043
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (1,161,933)
<NET-INVESTMENT-INCOME> (282,890)
<REALIZED-GAINS-CURRENT> 14,568,242
<APPREC-INCREASE-CURRENT> 32,359,170
<NET-CHANGE-FROM-OPS> 46,644,522
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,055)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 144
<NET-CHANGE-IN-ASSETS> 7,018,471
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 14,640,682
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 750,665
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,300,602
<AVERAGE-NET-ASSETS> 21,237
<PER-SHARE-NAV-BEGIN> 16.52
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 6.45
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.98
<EXPENSE-RATIO> 1.04
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> IBJ CORE EQUITY FUND-SERVICE CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 66,478,054
<INVESTMENTS-AT-VALUE> 131,583,031
<RECEIVABLES> 103,064
<ASSETS-OTHER> 4,453
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 131,690,548
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169,304
<TOTAL-LIABILITIES> 169,304
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,187,275
<SHARES-COMMON-STOCK> 6,270,769
<SHARES-COMMON-PRIOR> 7,538,496
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,228,992
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 65,104,977
<NET-ASSETS> 131,521,244
<DIVIDEND-INCOME> 879,043
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (1,161,933)
<NET-INVESTMENT-INCOME> (282,890)
<REALIZED-GAINS-CURRENT> 14,568,242
<APPREC-INCREASE-CURRENT> 32,359,170
<NET-CHANGE-FROM-OPS> 46,644,522
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (14,694,987)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 951,004
<NUMBER-OF-SHARES-REDEEMED> 3,254,310
<SHARES-REINVESTED> 1,035,579
<NET-CHANGE-IN-ASSETS> 7,018,471
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 14,640,682
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 750,665
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,300,602
<AVERAGE-NET-ASSETS> 125,089,676
<PER-SHARE-NAV-BEGIN> 16.51
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 6.46
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.97
<EXPENSE-RATIO> 1.04
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> IBJ BLENDED TOTAL RETURN FUND-PREMIUM CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 44,156,262
<INVESTMENTS-AT-VALUE> 59,329,175
<RECEIVABLES> 351,164
<ASSETS-OTHER> 4,414
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,684,753
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 93,843
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,991,480
<SHARES-COMMON-STOCK> 1,397
<SHARES-COMMON-PRIOR> 1,252
<ACCUMULATED-NII-CURRENT> 266,241
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 160,276
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,172,913
<NET-ASSETS> 59,590,910
<DIVIDEND-INCOME> 383,994
<INTEREST-INCOME> 1,477,355
<OTHER-INCOME> 0
<EXPENSES-NET> (616,897)
<NET-INVESTMENT-INCOME> 1,244,452
<REALIZED-GAINS-CURRENT> 164,669
<APPREC-INCREASE-CURRENT> 7,272,465
<NET-CHANGE-FROM-OPS> 8,681,586
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (273)
<DISTRIBUTIONS-OF-GAINS> (1,434)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 145
<NET-CHANGE-IN-ASSETS> (6,686,802)
<ACCUMULATED-NII-PRIOR> 6,018
<ACCUMULATED-GAINS-PRIOR> 5,718,957
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 369,277
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 685,183
<AVERAGE-NET-ASSETS> 17,299
<PER-SHARE-NAV-BEGIN> 12.90
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 1.51
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> (1.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.33
<EXPENSE-RATIO> 1.11
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> IBJ BLENDED TOTAL RETURN FUND-SERVICE CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 44,156,262
<INVESTMENTS-AT-VALUE> 59,329,175
<RECEIVABLES> 351,164
<ASSETS-OTHER> 4,414
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,684,753
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 93,843
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,991,480
<SHARES-COMMON-STOCK> 4,467,920
<SHARES-COMMON-PRIOR> 5,137,039
<ACCUMULATED-NII-CURRENT> 266,241
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 160,276
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,172,913
<NET-ASSETS> 59,590,910
<DIVIDEND-INCOME> 383,994
<INTEREST-INCOME> 1,477,355
<OTHER-INCOME> 0
<EXPENSES-NET> (616,897)
<NET-INVESTMENT-INCOME> 1,244,452
<REALIZED-GAINS-CURRENT> 164,669
<APPREC-INCREASE-CURRENT> 7,272,465
<NET-CHANGE-FROM-OPS> 8,681,586
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (981,730)
<DISTRIBUTIONS-OF-GAINS> (5,724,142)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 395,393
<NUMBER-OF-SHARES-REDEEMED> 1,632,376
<SHARES-REINVESTED> 567,864
<NET-CHANGE-IN-ASSETS> (6,686,802)
<ACCUMULATED-NII-PRIOR> 6,018
<ACCUMULATED-GAINS-PRIOR> 5,718,957
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 369,277
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 685,183
<AVERAGE-NET-ASSETS> 61,528,822
<PER-SHARE-NAV-BEGIN> 12.90
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 1.50
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> (1.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.33
<EXPENSE-RATIO> 1.11
</TABLE>
