485B24E

   As filed with the Securities and Exchange Commission on April 
29, 1996.    
File No.  33-313
File No.  811-4407

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM N-1A

	REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
	     
	Pre-Effective Amendment No._
	Post-Effective Amendment No.    13    	  X  
and/or

	REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 
	1940	  X  	
	Amendment No.     17     
(Check appropriate box or boxes)

PARIBAS TRUST FOR INSTITUTIONS
(Exact Name of Registrant as Specified in Charter)

787 Seventh Avenue
New York, New York  10019
(Address of Principal Executive Offices)(Zip Code)

Registrant's Telephone Number, including Area Code (212) 841-3209

   Kurt Braitberg    
Paribas Trust for Institutions
787 Seventh Avenue
New York, New York  10019
(Name and Address of Agent for Service)

with copies to:

Leonard B. Mackey, Jr., Esq.
Rogers & Wells
200 Park Avenue
New York, New York  10166

It is proposed that this filing will become effective (check 
appropriate box)
   
        immediately upon filing pursuant to paragraph (b)
  X  	on April 29, 1996 pursuant to paragraph (b)
___	60 days after filing pursuant to paragraph (a)(1)
___	on (date) pursuant to paragraph (a)(1).
___	75 days after filing pursuant to paragraph (a)(2)
___	on (date) pursuant to paragraph (a)(2) of Rule 485.
    
If appropriate, check the following box:

___	this post-effective amendment designates a new effective 
date for a previously filed post-effective amendment.



Paribas Trust for Institutions

QUANTUS II
AND
QUANTUS EQUITY MANAGED PORTFOLIO

CALCULATION OF REGISTRATION FEE UNDER
THE SECURITIES ACT OF 1933 (1)

   
                                                          		

		 Proposed	Proposed
Title of		 Maximum	Maximum
Securities	Amount	 Offering	Aggregate	Amount of 
Being	Being	 Price Per	Offering	Registration
Registered	Registered*	Unit (2)**	Price (3)	Fee
                                                            	
			
Shares of Beneficial
Interest
(par value $0.10	95,433 shares 	 $9.98	$290,000	$100
per share)
                                           				
 
*  	The Registrant has previously registered an indefinite 
number of shares of beneficial interest under the Securities Act  
of 1933.

**	Estimated solely for the purpose of determining the 
registration fee, on the basis of the offering price of shares of  
beneficial interest of Quantus Equity Managed Portfolio on April 
26, 1996.

***	In response to Rule 24e-2(b) under the Investment Company 
Act of 1940, as amended (the "1940 Act"):
	 (1) the calculation of the maximum aggregate offering price 
is made pursuant to Rule 24e-2; (2) 66,375 shares of beneficial 
interest of the Registrant were redeemed by the Registrant during 
the fiscal year ended December 31, 1995; (3) none of such shares 
have been used for reductions pursuant to Rule 24e-2 (a) or Rule 
24f-2 (c) during the current fiscal year; and (4) all such shares 
are being used for reduction in this amendment pursuant to Rule 
24e-2(a).

	The Registrant has previously filed a declaration pursuant 
to Rule 24f-2 under the 1940 Act.  The Registrant was not required 
to file a Rule 24f-2 Notice for the fiscal year ended December 31, 
1995 because no shares of beneficial interest of the Registrant 
were sold in reliance upon registration pursuant to Rule 24f-2 
during such fiscal year.
    


PARIBAS TRUST FOR INSTITUTIONS
QUANTUS II 

Cross Reference Sheet


Form N-1A
  Item   					Quantus II Caption

Part A

1.	Cover Page					Cover Page
2.	Synopsis					Expense Table
3.	Condensed Financial Information	Financial Highlights
4.	General Description of Registrant 	Quantus II and its 
							Objective and Policies
5.	Management of the Fund 			   Management; 
							Investment Adviser; 
							Administrator; Purchase 
							of Shares; Additional 
							Information     

5A.	Management's Discussion of Fund	   Not Applicable    
	Performance	 	

6.	Capital Stock and Other Securities	Cover Page; Dividends, 
							Distributions and Taxes; 
							Shareholder Services; 
							Additional Information
7.	Purchase of Securities Being Offered  Purchase of Shares; 
							Net Asset Value; 
							Shareholder Services
8.	Redemption or Repurchase		Purchase of Shares; 
							Redemption of Shares
9.	Legal Proceedings				Not applicable

Part B

10.	Cover Page 					Cover Page
11.	Table of Contents				Table of Contents
12.	General Information and History	   Not Applicable     
13.	Investment Objectives and Policies	Quantus II and its 
							Objective and Policies
14.	Management of the Registrant		Management of Quantus 
							II; Investment Advisory 
							and Other Services
15.	Control Persons and Principal		Management of Quantus II
	Holders of Securities 
16.	Investment Advisory and			Investment Advisory and 
	Other Services 				Other Services; 
							    Distributor     
17.	Brokerage Allocation 			Quantus II and its 
	Portfolio Transactions			Objective and Policies;

18.	Capital Stock and Other Securities	Not Applicable 
19.	Purchase, Redemption and		Redemption of Shares; 
	Pricing of Securities Being		Purchase of Shares
	Offered
20.	Tax Status 					Taxes
21.	Underwriters				Distributor
22.	Calculation of Performance Data	Not Applicable
23.	Financial Statements			Financial Information



PARIBAS TRUST FOR INSTITUTIONS
   QUANTUS EQUITY MANAGED PORTFOLIO    
Cross Reference Sheet

Form N-1A
  Item   					Quantus Equity Managed
						Prospectus Caption	
Part A

1.	Cover Page					Cover Page
2.	Synopsis					Expense Table
3.	Condensed Financial Information	Financial Highlights
4.	General Description of Registrant	Quantus Equity Portfolio 
							and its Objective and 
							Policies
5.	Management of the Fund 		   	Management; Investment 
							Adviser; Administrator; 
							Purchase of Shares; 
							Additional Information 
							    

5A.	Management's Discussion of Fund 	   Not Applicable     
	Performance	 	

6.	Capital Stock and Other Securities	Cover Page; Dividends, 
							Distributions and Taxes; 
							Shareholder Services; 
							Additional Information
7.	Purchase of Securities Being Offered  Purchase of Shares; 
							Net Asset Value; 
							Shareholder Services
8.	Redemption or Repurchase		Purchase of Shares; 
							Redemption of Shares
9.	Legal Proceedings				Not Applicable

Part B

10.	Cover Page 					Cover Page
11.	Table of Contents 			Table of Contents
12.	General Information and History	   Not Applicable     
13.	Investment Objectives and Policies	Quantus Equity Managed 
							Portfolio and its 
							Objective and Policies
14.	Management of the Registrant		Management of Quantus 
							Equity Managed 
							Portfolio; Investment 
							Advisory and Other 
							Services
15.	Control Persons and Principal		Management of Quantus 
	Holders of Securities 			Equity Managed Portfolio
	
16.	Investment Advisory and			Investment Advisory and 
	Other Services				Other Services;
	 						   Distributor     
17.	Brokerage Allocation 			The Quantus Equity 
	Policies; Portfolio			Portfolio and its 
	Transactions				Objective and
18.	 Capital Stock and Other Securities	Not Applicable
19.	Purchase, Redemption and Pricing	Purchase of Shares; 
	of Securities Being Offered		Redemption of Shares
20.	Tax Status 					Taxes
21.	Underwriters				Distributor
22.	Calculation of Performance Data	Not Applicable
23.	Financial Statements			Financial Information



QUANTUS EQUITY MANAGED PORTFOLIO
A PORTFOLIO OF PARIBAS TRUST FOR INSTITUTIONS


	The Quantus Equity Managed Portfolio ("Quantus Equity 
Portfolio" or the "Portfolio") is a portfolio of the Paribas Trust 
for Institutions (the "Trust"), which is a diversified, open-end 
management investment company.  The Quantus Equity Portfolio is 
designed for institutional investors, such as tax-qualified 
retirement plans, including pension plans, profit-sharing plans 
and 401(k) plans, trustees of Keogh Plans and Individual 
Retirement Accounts (including Individual Retirement Account 
rollovers), and charitable and educational endowments, seeking 
long-term growth of capital.  In addition, the Quantus Equity 
Portfolio is designed to provide an appropriate investment for 
sophisticated individuals seeking long-term growth of capital.

	Quantus Equity Portfolio attempts to achieve long-term 
growth of capital by investing on an equal-weighted basis 
primarily in a diversified portfolio of common stocks of 
approximately 50 major capitalization companies which are included 
in an index of approximately 500 major capitalization issuers 
developed by the investment adviser (the "Index").  The 50 
companies in which the Portfolio invests will be selected on the 
basis of a quantified investment selection process to be employed 
by the investment adviser.  There can be no assurance that the 
Portfolio will achieve its investment objective.  See "Quantus 
Equity Portfolio and Its Objective and Policies."

	The investment adviser of Quantus Equity Portfolio is 
Paribas Asset Management, Inc.  (the "Investment Adviser").  The 
distributor of the Portfolio is Paribas Corporation (the 
"Distributor").

	Shares may be purchased, at net asset value without a sales 
charge, directly from the Distributor or from securities dealers 
which have entered into selected dealer agreements with the 
Distributor.  Pursuant to a Plan of Distribution, the Portfolio 
will pay the Distributor a fee equal to 1% of the average daily 
net assets of the Portfolio.  See "Purchase of Shares - Plan of 
Distribution."  The minimum initial purchase for shares of Quantus 
Equity Portfolio is $5,000 and the minimum subsequent purchase is 
$2,000.  See "Purchase of Shares."  A shareholder may be subject 
to a deferred sales charge if shares are redeemed within periods 
ranging up to four years depending on the size of purchase.  See 
"Redemption of Shares."

	This Prospectus sets forth in concise form the information 
about Quantus Equity Portfolio that a prospective investor should 
know before investing in Quantus Equity Portfolio. Investors 
should read and retain this Prospectus for future reference.   
Additional information about Quantus Equity Portfolio has been 
filed with  the  Securities and  Exchange Commission (the "SEC") 
in a Statement of Additional Information (the "SAI") dated May 1, 
1996.  The Annual Report dated December 31, 1995 contains 
investment and performance information about Quantus Equity 
Portfolio.  Investors and prospective investors may obtain a copy 
of the SAI and the Annual Report, without charge, by writing to 
the Trust, 787 Seventh Avenue, New York, New York 10019.   The  
SAI has been incorporated by reference into this Prospectus.  
Inquiries regarding the Trust and requests for the SAI and the 
Annual Report can be made by calling (212) 841-3200.


THESE SECURITIES HAVE NOT BEEN APPROVED OR
DISAPPROVED BY THE SECURITIES AND EXCHANGE
COMMISSION OR ANY STATE SECURITIES COMMISSION
NOR HAS THE SECURITIES AND EXCHANGE COMMISSION
OR ANY STATE SECURITIES COMMISSION
PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS.  ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.


The date of this Prospectus is May 1, 1996.



	No person has been authorized to give any information or to 
make any representations, other than those contained in this 
Prospectus and in the SAI, in connection with the offer made by 
this Prospectus, and, if given or made, such other information or 
representations must not be relied upon as having been authorized 
by the Trust or its Distributor. This Prospectus does not 
constitute an offer to sell or a solicitation of an offer to buy 
by the Trust or by the Distributor in any State in which such 
offer to sell or solicitation of any offer to buy may not lawfully 
be made.



TABLE OF CONTENTS


PAGE

Expense Table								3
Financial Highlights 							4
Quantus Equity Portfolio and its Objective and Policies	5
Investment Adviser							6
Administrator								7
Management									8
Purchase of Shares							8
Net Asset Value								10
Redemption of Shares							10
Dividends, Distributions and Taxes					12
Portfolio Transactions							13
Shareholder Services							13
Additional Information							13
Account Application							15


	Paribas Trust for Institutions is organized as a 
Massachusetts business trust.  It is not a bank nor does it offer 
fiduciary or trust services.  Shares of the Portfolio are not 
equivalent to a bank account.  As with any investment in 
securities, the value of a shareholder's investment in the 
Portfolio will fluctuate.  The shares of the Portfolio are not 
insured by any government agency and are not subject to the 
protection of the Securities Investor Protection Corporation.



EXPENSE TABLE


Shareholder Transaction Expenses
	Maximum Deferred Sales Load (as a percentage
	  of redemption proceeds)		4.00%*

Annual Portfolio Operating Expenses
	(as a percentage of average net assets)
	Management Fees					0.65%
	12b-1 Fees						0.00%**
	Other Expenses					1.85%
	Total Portfolio Operating Expenses		2.50%***

Example

			1 year	3 years	5 years	10 years

	You would pay the following expenses on a $1000 investment,
	assuming (1) 5% annual return and (2) redemption at the end 
	of each time period:	$65	$98	$133	$284
	You would pay the following expenses on the same investment,
	assuming no redemption:	$25	$78	$133	$284

	The purpose of the above table is to assist the investor in 
understanding the various costs and expenses that an investor in 
Quantus Equity Portfolio will bear directly or indirectly.  The 
example set forth above assumes reinvestment of all dividends and 
distributions and uses a five percent annual rate of return as 
mandated by SEC regulations.  The Example should not be considered 
a representation of past or future expenses, and actual expenses 
and annual rates of return may be more or less than those assumed 
for purposes of the Example.  Shareholders who hold their Shares 
for an extended period of time may pay more in 12b-1 distribution 
fees than the economic equivalent of the maximum front-end sales 
charge permitted under the Rules of Fair Practice of the National 
Association of Securities Dealers, Inc.  For a more complete 
description of Management Fees, see "Investment Adviser."



FINANCIAL HIGHLIGHTS

	The financial information in the table below has been audited in 
conjunction with the audits of the financial statements of the Trust by Arthur 
Andersen LLP, independent public accountants, which financial statements and 
report thereon are incorporated by reference in the SAI, but not included 
herein. This table should be read in conjunction with the Trust's financial 
statements and notes thereto, which are an integral part of these financial 
highlights and ratios.

	For the Year Ended December 31,
	1995	1994	1993  	1992  	1991	1990  	1989	1988	1987
	1986*  

Net asset value, beginning
of year	$7.43	$8.13	$10.27	$10.01	$9.20	$10.01	$9.81	$9.32
	$9.98	$10.00
Income from investment
operations:
Net investment income/(loss)	     (0.05)##	 (0.05)##	(0.05)	(0.10)
	(0.11)##	(0.10)##	  0.37	0.27	0.16	0.02##

Net realized and unrealized
gain/(loss) on investments	2.60	(0.28)	0.59	0.85	3.65	(0.22)
	2.35	0.51	(0.66)	(0.02)
Total from investment 
operations	2.55	(0.33)	0.54	0.75	3.54	(0.32)	2.72	0.78	(0.50)
	0.00
Less distributions:
Distributions from net
investment income	-  	  	-    	  -  	  -  	  -  	  -  	(0.43)	(0.29)
	(0.16)	(0.02)
Distributions from net 
realized gain	(1.13)	(0.35)	(2.54)	(0.45)	(2.73)
	(0.49)	(2.09)	  	-  	  -  	  -  
Distributions in excess of
net realized gain	-  	  	-  	(0.06)	  -  	  -  	  -  	  -  	  	
	-  	  -  	  -  
Return of capital###	 -   	(0.02)	(0.08)	(0.04)	  -  	  -  
	  -  	  		 -   	 -   	  -   
Total distributions	(1.13)	(0.37)	(2.68)	(0.49)	(2.73)
	(0.49)	(2.52)	(0.29)	(0.16)	(0.02)
Net asset value, end of year	$8.85	$7.43	$8.13	$10.27	$10.01	$9.20
	$10.01	$9.81	$9.32	$9.98
Total return   	  34.28%	(4.08)%	    5.11%	7.53%	   42.10%	   
(3.28)%	    28.23%	8.38%	   (5.08)%	   0.00%

Ratios to average net assets/
supplemental data:
Net assets, end of year 
(in 000's)	$2,816	$2,605	$3,294	$2,897	$3,358	$3,531
		$5,300	$9,964	$13,088	$9,379
Ratio of operating expenses
to average net assets	      2.50%#	2.50%#	   2.43%	  2.72%	    
3.50%#	  3.50%#	  2.36%	2.50%	    2.34%	     2.60% #
Ratio of net investment 
income/ (loss) to average 
net assets	(0.56)%	(0.60)%	(0.52)%	(0.98)%	(0.87)%
	(1.04)%	   2.76%	2.46%	    1.43%	   0.29% 
Portfolio turnover rate	141%	120%		155%		63%		105%	
	196%		126%		170%		   128%		   88%

__________________________
*	The Portfolio commenced operations on April 14, 1986.
 	Annualized.
  	Per share data was computed based upon monthly average shares 
outstanding for this period.
   	Total return represents aggregate total return for the period indicated.
#	Without fees waived and expenses reimbursed by the Investment Adviser 
and/or Trustees and/or Distributor, the ratios of expenses to average net 
assets for the years ended December 31, 1995, 1994, 1991 and 1990 and for the 
period ended December 31, 1986 would have been 3.93%, 3.25%, 3.90%, 3.80% and 
3.04%, respectively.
##	Net investment loss per share before fees waived and/or expenses 
reimbursed by the Investment Adviser and/or Trustees and/or Distributor for 
the years ended December 31, 1995, 1994, 1991 and 1990 and for the period 
ended December 31, 1986 was $(0.17), $(0.12), $(0.16), $(0.13) and $(0.01), 
respectively.
###    Amounts distributed  in excess of accumulated net investment income as 
determined for financial statement purposes have been reported as 
distributions from paid-in capital at the fiscal year end in which the 
distribution is made.  Certain of these distributions which are reported as 
being from paid-in capital for financial statement purposes may be reported to 
shareholders as taxable distributions due to differing tax and accounting 
rules.


QUANTUS EQUITY PORTFOLIO AND ITS OBJECTIVE AND POLICIES

	Quantus Equity Portfolio is a portfolio of the Trust, which 
is a diversified, open-end management investment company. Quantus 
Equity Portfolio invests primarily in a diversified portfolio of 
common stocks of approximately 50 companies included in the Index 
on the basis of a quantified investment approach employed by the 
Investment Adviser, and to a lesser extent in money market 
securities.

	Quantus Equity Portfolio is one of two portfolios of the 
Trust.  Each portfolio is in effect a separate investment fund 
issuing a separate series of shares.  A shareholder's interest is 
limited to the assets of the portfolio in which he or she holds 
shares, and a shareholder is entitled to a pro rata share of all 
dividends and distributions arising from the net income and 
capital gains on the investments of such portfolio.  Except for 
those expenses borne by the Investment Adviser or the Distributor, 
each portfolio bears this expense directly attributable to it and 
a portion of the Trust's general administrative expenses allocated 
on the basis of asset size.

The Index

	The Index is comprised of the common stocks of approximately 
500 issuers generally representing U.S. companies having the 
largest market capitalization and relatively high liquidity.  For 
this purpose, the market capitalization of a stock equals its 
market price per share times the total number of shares 
outstanding.  The major capitalization issuers comprising the 
Index are the basic universe from which portfolio securities are 
selected for Quantus Equity Portfolio as described below in this 
Prospectus.  A list of the approximately 700 issuers comprising 
the Index as of December 31, 1995, is set forth in the SAI.

	In general, issuers are included in the Index on an equal-
weighted basis.  However, refinements are made in order to avoid 
overrepresentation of an industry relative to the market, non-U.S. 
issuers, relatively illiquid issues and issues for which there is 
inadequate research coverage by institutional research firms.  
Reference is made to the SAI for a  further description of such 
refinements.

	The Index is revised quarterly by the Investment Adviser in 
accordance with the market capitalization and liquidity criteria 
and the refinements described above.  Such quarterly revisions 
will be made within 15 business days after the end of each 
calendar quarter.  Between quarterly revisions, however, issuers 
are eliminated, and new issuers substituted, to the extent that 
the common stocks of the eliminated issuers are no longer publicly 
traded (because, for example, of leveraged buyouts or mergers).  
In addition, an issuer may be eliminated from the Index if it is 
the subject of certain unexpected adverse developments (such as 
the sudden pendency of bankruptcy proceedings).  The issuer will 
be eliminated from the Index if such a development is to lead to 
its elimination at the next quarterly revision because of the 
reduction in market capitalization below the minimum 
capitalization for inclusion in the Index resulting from the 
announcement of such development.

Investment Objective

	The investment objective of Quantus Equity Portfolio is 
long-term capital appreciation through investment on an equal-
weighted basis primarily in a diversified portfolio of common 
stocks of approximately 50 major capitalization companies that are 
included in the Index.  There can be no assurance that Quantus 
Equity Portfolio will achieve its investment objective.

	The Investment Adviser intends to employ a quantitative 
systematic approach to the allocation of the assets of Quantus 
Equity Portfolio between equity securities and money market 
securities and to the selection of equity securities for 
investment.  Under this approach, which has been extensively back-
tested by the Investment Adviser, such allocations and selections 
will be based on a review of certain macroeconomic data and 
certain financial criteria which the Investment Adviser believes 
relevant to identifying the current status of the equity market 
cycle and the future performance of particular securities.  It is 
expected that over each market cycle the average portion of the 
Portfolio's assets which will be invested in equity securities 
will be 90% (with a maximum of 100%).  When the Investment Adviser 
believes, based on a review of certain macroeconomic data and 
financial criteria, that the stock market is likely to experience 
a downturn, up to 50% of the assets of the Portfolio may be 
invested temporarily in money market securities.

	Once the Investment Adviser has reached a conclusion as to 
the allocation of assets based on a review of macroeconomic data 
and financial criteria, the selection of the individual securities 
in which the assets of the Portfolio allocated to equity 
securities will be invested will be based on an assessment of 
three critical factors which, according to backtests carried out 
by the Investment Adviser, have independent value and meaningful 
and reliable predictive power. These critical factors are:

	(a)	Value - A measure of current market prices relative to 
expected earnings growth for each 
		individual stock.

	(b)	Price Momentum - An evaluation of market price trends 
for each stock.

	(c)	Earnings Momentum - A measure of the trends in 
earnings expectations issued by all major 
		analysts following a particular stock.

	These three factors are used to produce rankings of the 
common stocks comprising the Index.  Based on  an analysis of 
these rankings, the Investment Adviser selects a list of 
approximately 50 stocks generally considered by the Investment 
Adviser to offer value as well as attractive price and earnings 
momentum.  The portion of Quantus Equity Portfolio's assets 
allocated to equity securities is invested in equal amounts in 
those approximately 50 stocks.  The normal frequency of portfolio 
rebalancings is monthly.  Between these normal rebalancings, 
however, the Investment Adviser may decide to undertake 
adjustments as required by any specific circumstances.

Other Investment Policies

	Money Market Securities.  The only money market securities 
in which Quantus Equity Portfolio will invest are U.S. Treasury 
bills, certificates of deposit, time deposits, bankers' 
acceptances, commercial paper and repurchase agreements.  Quantus 
Equity Portfolio only will invest in a certificate of deposit or 
bankers' acceptance issued by a commercial bank which is organized 
and operating in the United States, has total assets of at least 
one billion dollars and is a member of the Federal Deposit 
Insurance Corporation.  In addition, Quantus Equity Portfolio only 
will invest in commercial paper rated A-1 by Standard & Poor's 
Ratings Group or Prime-1 by Moody's Investors Service, Inc.

	Investment Restrictions.  The Trust has adopted certain 
restrictions and policies relating to the investment of the assets 
and the activities of Quantus Equity Portfolio which are 
fundamental policies of the Trust and may not be changed without 
the approval of the holders of a majority of the Portfolio's 
outstanding voting securities.  Among the more significant 
restrictions, Quantus Equity Portfolio may not (1) invest 25% or 
more of its total assets in the securities of issuers in any 
particular industry (other than U.S. Government securities or 
Government agency securities); or (2) purchase the securities of 
any one issuer, other than the U.S. Government, if immediately 
after such purchase, more than 5% of the value of its total assets 
would be invested in such issuer.  Other restrictions are set 
forth in the SAI under the caption "The Quantus Equity Portfolio 
and Its Objective and Policies - Investment Restrictions."  In 
addition, as described in the SAI, Quantus Equity Portfolio may 
invest in repurchase agreements and may borrow amounts up to 10% 
of its net assets for temporary emergency purposes and it may 
pledge its assets in connection with such borrowings.

INVESTMENT ADVISER

	The investment adviser to the Portfolio is Paribas Asset 
Management, Inc.  The Investment Adviser, subject to the general 
supervision of the Trust's Board of Trustees, renders investment 
advice to the Portfolio and is responsible for the overall 
management of its business affairs.  The Investment Adviser 
receives a fee equal to 0.65% of the average daily net assets of 
the Quantus Equity Portfolio.  This fee is calculated daily and 
paid monthly.

	The Investment Adviser has agreed that it will bear any 
expense of the Portfolio (exclusive of interest, taxes, brokerage 
expenses and extraordinary items) for any fiscal year in which 
expenses of the Portfolio exceed the most stringent expense 
limitation imposed by state securities regulations applicable to 
the Trust. As of the date of this report, the most restrictive 
expense limitation provides that annual expenses (as defined) may 
not exceed 2.5% of the first $30 million of average net assets, 2% 
of the next $70 million of average net assets and 1.5% of the 
remaining average net assets.  For the year ended December 31, 
1995, the Investment Adviser waived a portion of its management 
fees.




	The principal business address of the Investment Adviser is 
787 Seventh Avenue, New York, New York 10019.  It is a majority-
owned subsidiary of Paribas North America, Inc., which in turn is 
a subsidiary of Compagnie Financiere de Paribas.  The Investment 
Adviser is part of the Paribas Group, a multinational financial 
institution with assets in excess of $100 billion and offices in 
nearly 60 countries.

	The Investment Adviser was organized in the United States in 
1984.  The Investment Adviser and its affiliates currently advise 
over $44 billion in private or foreign investment companies as 
well as numerous pension funds and other institutional investors.

	Securities held by Quantus Equity Portfolio may also be held 
by other funds for which the Investment Adviser may act as an 
adviser or by investment advisory clients of the Investment 
Adviser.  If purchases or sales of securities for the Quantus 
Equity Portfolio or other funds for which the Investment Adviser 
acts as an investment adviser or for its other advisory clients 
arise for consideration at or about the same time, transactions in 
such securities will be made, insofar as feasible, for the 
respective funds and clients in a manner deemed equitable to all. 
To the extent that transactions on behalf of more than one client 
of the Investment Adviser during the same period may increase the 
demand for securities being purchased or the supply of securities 
being sold, there may be an adverse effect on price or volume.

	Portfolio Manager.  Hubert Goy, Senior Investment Officer 
of Paribas Asset Management, Inc., has been primarily responsible 
for management of the Portfolio's assets since April, 1996.  Prior 
to April 1996, he was Senior Vice President to Paribas Asset 
Management S.A., since January 1984; Senior Investment Oficer to 
Paribas Asset management, Inc. since January 1988 and Vice 
President to Banque Paribas from December 1983 to February 19983.  
The Portfolio Manager's management discussion and analysis and 
additional performance information regarding the Portfolio during 
the fiscal year ended December 31, 1995 is included in the Trust's 
Annual Report for 1995.  A copy of the Annual Report may be 
obtained upon request, without charge, by writing or calling the 
Trust at the address or phone number located on page one of this 
Prospectus.

	Expenses.  For the year ended December 31, 1995, total 
expenses incurred by the Portfolio amounted to $67,192 
(representing 2.50% of its average net assets).

	The Investment Advisory Agreement between the Trust and the 
Investment Adviser obligates the Investment Adviser to provide 
investment advisory services and to pay all compensation of and 
furnish office space for officers and employees of the Trust 
connected with economic and investment research and trading and 
investment management of Quantus Equity Portfolio, as well as the 
fees of all trustees of the Trust who are affiliated persons of 
the Investment Adviser.  Each portfolio of the Trust, including 
Quantus Equity Portfolio, pays all other expenses incurred in its 
operation and a portion of the Trust's general administrative 
expenses allocated daily on the basis of the asset size of the 
respective portfolios.  Expenses that will be borne directly by 
the portfolios include redemption expenses, expenses of portfolio 
transactions, shareholder servicing costs, expenses of registering 
the shares under Federal and state securities laws, pricing costs 
(including the daily calculation of net asset value), interest, 
certain taxes, charges of the custodian and transfer agent and 
other expenses attributable to a particular portfolio.  Expenses 
that will be allocated on the basis of size of the respective 
portfolios include trustees' fees, legal expenses, state franchise 
taxes, auditing services, costs of printing proxies, shareholder 
reports and prospectuses and SAIs (except to the extent paid by 
the Distributor), SEC fees, accounting costs and other expenses 
properly payable by the Trust and allocable on the basis of size 
of the respective portfolios. Depending upon the nature of the 
lawsuit, litigation costs may be directly applicable to a 
portfolio or allocated on the basis of the size of the respective 
portfolios.  The Board of Trustees of the Trust has determined 
that this is an appropriate method of allocation of expenses.

	As required by the distribution agreement between the Trust 
and the Distributor, the Distributor will pay certain of the 
expenses of the Trust incurred in connection with the offering of 
shares of the portfolios of the Trust, including the expense of 
printing the prospectuses used in connection with the continuous 
offering of such shares.  See "Purchase of Shares - Plan of 
Distribution" for a description of the distribution fee to be 
received by the Distributor.

ADMINISTRATOR

	First Data Investor Services Group, Inc. (the 
"Administrator"), a wholly owned subsidiary of First Data 
Corporation located at One Exchange Place, Boston Massachusetts 
02109, serves as Administrator to the Trust pursuant to an 
agreement with the Trust (the "Administration Agreement").  The 
Trust pays the Administrator for services rendered by the 
Administrator to the Portfolio, an aggregate monthly fee computed 
at an annual rate equal to .25 of 1% calculated on the Portfolio's 
net assets and paid monthly, subject to a minimum annual fee of 
$260,000 for the Trust.

	Pursuant to the Administration Agreement, subject to the 
overall authority of the Board of Trustees in accordance with 
Massachusetts law, the Administrator will assist in certain 
aspects of the Trust's and the Portfolio's administration and 
operation.  Among other things, the Administrator will provide to 
the Portfolio statistical and research data, clerical help and 
accounting, data processing, bookkeeping, internal auditing, 
corporate secretarial services and certain other services 
(including calculation of the net asset value of the Portfolio's 
shares) required by the Portfolio, prepare reports to shareholders 
and prepare tax returns and reports to and filings with the SEC 
and State Blue Sky authorities.

MANAGEMENT

	The Trustees of the Trust consist of four individuals, three 
of whom are not "interested persons" of the Trust as defined in 
the Investment Company Act of 1940, as amended (the "1940 Act").  
The Trustees of the Trust are responsible for the overall 
supervision of the operations of the Trust and perform the various 
duties imposed on the trustees of investment companies by the 1940 
Act.  The Trustees will elect officers annually.

	The Trustees of the Trust and their principal employment are 
as follows:

GEOFFREY H. MOORE - Director, Center for International Business 
Cycle Research, Graduate School of Business, Columbia University, 
since 1983.

THOMAS C. PRYOR - Director and Vice President, Yeager, Wood and 
Marshall Incorporated, since 1991 and 1992, respectively; 
Consultant, Yeager, Wood and Marshall Incorporated, from 1986 to 
1992.

JOHN W. ENGLISH - Investment Consultant; Private Investor; Vice 
President and Chief Investment Officer, The Ford Foundation, from 
1981 to 1993.

ALAIN LECLAIR* - Chairman of the Investment Adviser since February 
1986; President of the Investment Adviser from 1984 to February 
1986.

	As described under the caption "Investment Adviser," the 
Investment Adviser has assumed responsibility for the actual 
management of the business affairs of the Portfolio, subject to 
the general supervision of the Trust's Board of Trustees.  The 
responsibility for making decisions to buy, sell or hold a 
particular security rests with the Investment Adviser.  The 
Investment Adviser performs certain of the other administrative 
services and provides all the office space, facilities, equipment 
and necessary personnel for investment management of Quantus 
Equity Portfolio.

	Each Trustee who is not an officer or employee of the 
Investment Adviser or its affiliates will receive an annual fee 
from the Trust of $10,000, payable in four equal quarterly 
installments of $2,500 each.  All Trustees are reimbursed for any 
expenses incurred in attending meetings of the Board of Trustees 
of the Trust or of any committee thereof.  No officer or employee 
of the Investment Adviser or its affiliates receives any 
compensation from the Trust for acting as a trustee or officer of 
the Trust.  The Trust has no employees other than its officers, 
all of whom are compensated by the Investment Adviser.  For the 
year ended December 31, 1995, the Portfolio's portion of the 
Trustees' fees was waived.

PURCHASE OF SHARES

	Shares of the Quantus Equity Portfolio may be purchased 
directly from the Distributor, or through any securities dealer 
having a selected dealer agreement with the Distributor.  The 
public offering price for shares of the Quantus Equity Portfolio 
is the net asset value per share. There is no sales charge for the 
purchase of shares.  As discussed under "Redemption of Shares 
- -Contingent Deferred Charge" below, a contingent deferred charge 
may be imposed under certain circumstances upon the redemption of 
shares.

	Purchases of shares are made at the public offering price 
next determined after receipt of an order by the Portfolio's 
transfer agent, Unified Advisers Inc. (the "Transfer Agent"), a 
subsidiary of Unified Holdings, Inc..  The public offering price 
is the net asset value per share.  Net asset value per share will 
be determined in the manner set forth under "Net Asset Value."  
The minimum initial purchase in Quantus Equity Portfolio is 
$5,000. The minimum subsequent purchase of shares of the Portfolio 
is $2,000.

	Quantus Equity Portfolio is designed for, and should only be 
considered an appropriate investment for, institutional investors, 
such as tax-qualified retirement and pension plans, profit-sharing 
plans, 401(k) plans, trustees of Keogh plans or Individual 
Retirement Accounts (including Individual Retirement Account 
rollovers), charitable and educational endowments and 
sophisticated individuals.

	How to Buy Shares.  To purchase shares of Quantus Equity 
Portfolio, an investor must complete and sign the Account 
Application on page 15 and pay for the shares being purchased. No 
redemptions will be permitted until a complete application is on 
file.  Payment may be by mail or by wire.

	Purchase by Mail.  Purchase by mail may be by check or 
federal reserve draft for the purchase price sent to Paribas Trust 
for Institutions, c/o Unified Advisers, Inc., together with the 
case of a new account, a completed Account Application (see page 
15).  Checks and federal reserve drafts should be made payable to 
Paribas Trust for Institutions. Certified checks are not 
necessary, but checks are accepted subject to collection at full 
face value in United States funds and must be drawn on a United 
States bank.  If an investor purchases shares by check, payment of 
the proceeds of redemption of such shares may be delayed until the 
Trust is reasonably satisfied that the investment has been 
collected (which will take up to 15 days after the purchase of the 
shares).  If the Trust is unable to collect upon the full face 
value of an investor's check, the purchase order will be cancelled 
and the investor may be liable for any losses or fees incurred.

	Purchase by Wire.  Purchase by wire may be made through a 
bank or Federal Funds wire.  To purchase shares of the Quantus 
Equity Portfolio by wire, the investor must have an application on 
file and must telephone the Transfer Agent, at 800-445-1326 to 
confirm the wire.  The initial purchase by an investor may be made 
by wire provided that the investor has an application on file.  On 
the telephone the following information will be requested by the 
Transfer Agent: name(s) in which the account is registered, 
account number, amount being wired and wiring bank.  Instructions 
should then be given by the investor to its bank to wire the 
specified amount, along with the account name(s) and number to:

Boston Safe Deposit & Trust Company
ABA/ROUTING #011001234
ACCOUNT #16-676-6
ATTENTION:	PARIBAS TRUST FOR INSTITUTIONS (QUANTUS EQUITY MANAGED 
PORTFOLIO)

	General.  All funds will be fully invested in full and 
fractional shares.  The issuance of shares is recorded on the 
books of the Trust.  The Transfer Agent will send to each 
shareholder of record a statement of shares of Quantus Equity 
Portfolio owned after each purchase or redemption transaction 
relating to such shareholder.

	As to purchase orders received by selected dealers prior to 
the close of the New York Stock Exchange (the "Exchange"), which 
includes orders received after the close on the previous day, the 
applicable offering price will be based on the net asset value 
determined as of the close of the Exchange on the day the order is 
placed with the Transfer Agent provided the order is received by 
the Transfer Agent prior to 4:00 P.M., New York time, on that day. 
Selected dealers have a responsibility to transmit orders promptly 
and may charge a fee for transmitting orders.  Any order may be 
rejected by the Distributor or the Trust.  Neither the Distributor 
nor the dealers are permitted to withhold placing orders to 
benefit themselves by a price change.  The Trust reserves the 
right to suspend the sale of its shares to the public in response 
to conditions in securities markets, or otherwise.

	Distribution Agreement.  The Distributor is the principal 
underwriter and distributor of shares of the Portfolio and is an 
affiliate of the Investment Adviser.  The Distributor is located 
at 787 Seventh Avenue, New York, New York 10019.  The Distributor 
makes a continuous offering of the Portfolio's shares and bears 
the costs and expenses of printing and distributing any copies of 
any prospectuses and annual and interim reports of the Trust 
(after such items have been prepared and set in type) which are 
used in connection with the offering of shares to selected dealers 
or investors, and the cost and expenses of preparing, printing and 
distributing any other literature used by the Distributor or 
furnished by it for use by selected dealers in connection with the 
offering of the shares for sale to the public.  The Distributor 
will be compensated for its services under the Distribution 
Agreement pursuant to the Plan of Distribution discussed below.  
In addition, the Distributor will receive the contingent deferred 
sales charge described below, and any amount so received will not 
offset amounts to be paid to the Distributor under the Plan of 
Distribution.

	Plan of Distribution.  The Trust has adopted a Plan of 
Distribution pursuant to Rule 12b-1 under the 1940 Act (the 
"Plan") under which Quantus Equity Portfolio will pay the 
Distributor for its services a fee equal to 1% of the average of 
its daily net assets to compensate the Distributor for services 
provided under the Distribution Agreement, including payments made 
by the Distributor to selected dealers with respect to sales of 
shares of Quantus Equity Portfolio and for expenses incurred in 
promoting the sale of shares, such as printing and advertising 
(which at this time are the only promotional expenses expected to 
be incurred by the Distributor under the Distribution Agreement).  
Such services will be designed primarily to promote the sale of 
shares of the Quantus Equity Portfolio.  The fee shall be 
calculated daily and paid monthly. Under the Distribution 
Agreement, the Distributor may pay to selected dealers a 
commission of up to 4% of the purchase price of shares of the 
Quantus Equity Portfolio.  As a result of these commission 
payments made by the Distributor, it is likely that the expenses 
paid by the Distributor during the early years of the Plan will 
exceed the fees received by the Distributor under the Plan; while 
it is possible that during the later years of the Plan the fees 
paid by the Trust to the Distributor under the Plan will exceed 
the Distributor's expenses.  As of December 31, 1995, the sum of 
the fees paid to the Distributor under the Plan over the life of 
the Quantus Equity Portfolio and the Deferred Charges received by 
the Distributor during the same period (see "Redemption of Shares 
- - Contingent Deferred Charge" below) exceeded commission payments 
made by the Distributor to selected dealers during that period by 
$9,778.  If the Plan is terminated in accordance with its terms, 
the obligation of the Trust to make payments to the Distributor 
pursuant to the Plan will cease and the Trust will not be required 
to make any payments past the date the Plan terminates.  The Trust 
suspended payments under the Plan as of January 1, 1994, and 
therefore no fees were paid or payable to the Distributor pursuant 
to the Plan for the year ended December 31, 1995.

NET ASSET VALUE

	The net asset value per share of Quantus Equity Portfolio is 
calculated as of the close of trading on the Exchange each 
business day (i.e., Monday through Friday) that the Exchange is 
open for trading.  The Exchange is closed on the following 
holidays:  New Year's Day, Presidents' Day, Good Friday, Memorial 
Day, Independence Day, Labor Day, Thanksgiving Day and Christmas 
Day.  The net asset value per share for Quantus Equity Portfolio 
is computed by dividing the sum of the value of the portfolio 
securities held by the Portfolio plus any cash or other assets 
minus all liabilities by the total number of shares of the 
Portfolio outstanding at such time, rounded to the nearest cent.  
Expenses are accrued daily.

	Securities listed or traded on a national securities 
exchange are valued at the last quoted sales price on the day the 
valuations are made.  Listed securities that are not traded on a 
particular day, and securities regularly traded in the over-the-
counter market, are valued at the price within the limits of the 
latest bid and asked prices deemed by the Trustees, or by persons 
delegated by the Trustees, best to reflect fair value.  Other 
assets and securities are valued in a manner determined in good 
faith by the Trustees, or their delegates, to reflect their fair 
value.

REDEMPTION OF SHARES

	Shareholders have the right to require the Trust to redeem 
their shares upon receipt of a written request in proper form.  
The redemption price of shares of the Quantus Equity Portfolio is 
the net asset value per share of the Portfolio next determined 
after the initial receipt by the Transfer Agent of proper notice 
of redemption.  If a shareholder redeems all of the shares in its 
account, it will receive, in addition to the net asset value of 
the shares redeemed, a separate check representing all dividends 
declared but unpaid.  If a shareholder redeems a portion of the 
shares in its account, the dividends declared but unpaid on the 
shares redeemed will be distributed on the next dividend payment 
date.

	Contingent Deferred Charge.  A contingent deferred sales 
charge (the "Deferred Charge") may be imposed upon redemption of 
shares by an investor.  Upon redemption of shares of the Portfolio 
by an investor, the investor will be deemed to be redeeming those 
shares upon which, in accordance with the table below, the lowest 
Deferred Charge is payable.  No Deferred Charge will be imposed, 
however, to the extent that the net asset value of the shares 
redeemed does not exceed (a) the current net asset value of shares 
for which, in accordance with the table below, no Deferred Charge 
is payable, plus (b) the current net asset value of shares 
purchased through reinvestment of dividends or capital gains 
distributions, plus (c) increases in the net asset value of the 
investor's shares for which, in accordance with the table below, a 
Deferred Charge would be payable above the total amount of 
payments for the purchase of such shares.  The Deferred Charge 
will be paid to and retained by the Distributor.

	In determining the applicability of a Deferred Charge to 
each redemption, the amount which represents the net asset value 
of the investor's shares purchased through reinvestment of 
dividends or distributions will be redeemed first.  In the event 
the redemption amount exceeds the amount of such shares, the next 
portion of the amount redeemed will be the amount which represents 
the net asset value of the investor's shares for which, in 
accordance with the table below, no Deferred Charge is imposed 
and/or shares which represent an increase in the net asset value 
of the investor's shares for which a Deferred Charge is imposed 
above the amount of the total payments for the purchase of such 
shares.

	The amount of the Deferred Charge, if any, will vary 
depending on the number of years from the time of payment for the 
purchase of shares to the time of redemption of such shares and 
upon the amount invested in shares.  The following table sets 
forth the rates of the Deferred Charge:

Amount of Deferred Charge
as a percent of the amount
redeemed if redemption occurs within:
	Year 1	Year 2	Year 3	Year 4	Year 5
Up to $250,000	4.0%	3.0%	2.0%	1.0%	0.0%
Over $250,000 to $1,000,000	2.5	1.5	1.0	0.0	0.0
Over $1,000,000 to $4,000,000	1.0	0.0	0.0	0.0	0.0
Over $4,000,000 to $10,000,000	0.5	0.0	0.0	0.0	0.0
Over $10,000,000	0.35	0.0	0.0	0.0	0.0

	With respect to an investor who has purchased shares of the 
Quantus Equity Portfolio on more than one occasion, the Deferred 
Charge with respect to any shares being redeemed by that investor 
will be determined on the basis that the "Amount Invested" in the 
table above for any particular share being redeemed will equal the 
total purchase price of all shares in the Quantus Equity Portfolio 
held by that investor immediately after the purchase of that 
share.  In addition, for purposes of determining the "Amount 
Invested," shares in the Portfolio held by an investor will be 
aggregated.  For example, if an investor purchases $200,000 of 
shares, does not redeem any of those shares and four months later 
purchases an additional $75,000 worth of shares, the Deferred 
Charge with respect to the first purchase will be determined by 
reference to the "Up to $250,000" line in the table, while the 
Deferred Charge with respect to the second purchase (after which 
the investor will have purchased $275,000 of shares) will be 
determined by reference to the "Over $250,000 to $1,000,000" line 
in the table.

	To the extent that an investor is redeeming shares for which 
a Deferred Charge will be imposed, the investor will be deemed to 
be redeeming those shares for which the lowest charge will be 
imposed.  For example, if an investor initially purchased $600,000 
of shares in the Portfolio and two months later purchased an 
additional $600,000 of shares (so that at the time of the second 
purchase the investor's total purchases amounted to $1,200,000) 
and then two years after the second purchase (and assuming for 
ease of illustration that there have been no dividends or 
distributions on the shares and that there has been no change in 
net asset value of the shares) redeems $700,000 worth of shares, 
the investor will be deemed to be redeeming all $600,000 worth of 
shares purchased in the second purchase (for which after two years 
after the purchase there is no Deferred Charge) and $100,000 worth 
of the shares purchased in the first purchase (for which at that 
time there is a l% Deferred Charge).  Alternatively, if an 
investor initially purchased $200,000 of shares of the Portfolio 
and 25 months later purchased another $200,000 worth of shares of 
the Portfolio and then one year after the second purchase redeemed 
$250,000 worth of shares (assuming again no dividends or 
distributions are paid on the shares and that there has been no 
change in the net asset value of the shares) the investor will be 
deemed to be redeeming all $200,000 worth of the shares initially 
purchased (for which a 1% Deferred Charge will be imposed) and 
$50,000 of the shares purchased in the second purchase (for which 
a 1.5% Deferred Charge will be imposed).

	Redemption.  A shareholder wishing to redeem shares of the 
Quantus Equity Portfolio may do so without charge, except in those 
cases where the Deferred Charge is applicable, by tendering a 
written request for redemption in proper form as explained below, 
directly to the Transfer Agent, c/o Paribas Trust for 
Institutions, together with the certificates, if any, issued for 
such shares.  To be in proper form, the redemption request 
requires the signature(s) of all persons in whose name(s) the 
shares are registered, signed exactly as their name(s) appear on 
the Transfer Agent's register or on the certificate(s), as the 
case may be.  In addition, the signatures on the notice must be 
guaranteed by a commercial bank which is a member of the FDIC or a 
trust company or by a member firm of a national or regional 
securities exchange.  A notary public, savings bank or savings and 
loan association is not an acceptable guarantor.  In certain 
instances, the Transfer Agent may require that the request also be 
accompanied or followed by additional documents, such as trust 
instruments, death certificates, appointments as executor or 
administrator, or certificates of corporate authority.  Payment of 
redemption proceeds will be mailed within seven days of receipt by 
the Transfer Agent of a proper notice of redemption.

	At various times the Trust may be requested to redeem shares 
for which it has not yet received good payment.  The Trust may 
delay or cause to be delayed the mailing of a redemption check for 
a period of up to 15 days until it is assured that good payment 
(e.g., cash or certified check drawn on a United States bank) has 
been collected for the purchase of such shares.

	Repurchase.  The Trust will also repurchase shares of the 
Quantus Equity Portfolio through a shareholder's listed securities 
dealer.  The Trust will normally accept orders to repurchase 
shares by wire or telephone from dealers for their customers at 
the net asset value next computed after receipt of the order by 
the dealer, provided that the request for repurchase is received 
by the dealer prior to the close of business on the New York Stock 
Exchange on the day received and is received by the Trust from 
such dealer not later than 4:00 P.M., New York time, on the same 
day.  Dealers have the responsibility of submitting such 
repurchase requests to the Trust not later than 4:00 P.M., New 
York time, in order to obtain that day's closing price.  These 
repurchase arrangements are for the convenience of shareholders 
and do not involve a charge by the Trust except in those cases 
where the Deferred Charge is applicable; however, securities 
dealers may impose a charge on the shareholder for transmitting 
the notice of repurchase to the Trust. The Trust reserves the 
right to reject any order for repurchase.

	For shareholders requesting repurchases through their listed 
securities dealer, payment for shares will be made by the Transfer 
Agent directly to the shareholder or dealer within seven days of 
the proper tender of the certificates, if any, and stock power or 
letter requesting repurchase, in each instance with signatures 
guaranteed as noted above.

	The value of shares at the time of redemption may be more or 
less than the shareholder's cost, depending on the market value of 
the portfolio securities held by the Portfolio at such time.

DIVIDENDS, DISTRIBUTIONS AND TAXES

	Dividends and Distributions.  It is the Trust's intention to 
continue to distribute substantially all of the net investment 
income, if any, of the Quantus Equity Portfolio.  For dividend 
purposes, net investment income will consist of all payments of 
dividends, interest and net realized short-term capital gains 
received by the Portfolio less its estimated expenses.  Dividends 
from net investment income of the Portfolio are declared annually 
in additional full and fractional shares of the Portfolio at net 
asset value unless the shareholder elects to receive such 
dividends in cash.  In general, all net realized long-term capital 
gains of the Portfolio, if any, are distributed annually after the 
close of the Trust's fiscal year.  Unless a shareholder elects to 
receive dividends or distributions of the Portfolio in cash, 
dividends and capital gains distributions are automatically 
reinvested in shares of the Portfolio at a price equal to the net 
asset value per share of the Portfolio on the day such dividend or 
distribution is paid.

	See "Shareholder Services - Reinvestment of Dividends and 
Capital Gains Distributions" for information as to how to elect 
either dividend reinvestment or cash payments.  Dividends and 
distributions are taxable to shareholders and subject to income 
tax whether they are reinvested or received in cash.

	Taxes.  The Trust has in the past elected the special tax 
treatment afforded regulated investment companies under the 
Internal Revenue Code of 1986, as amended (the "Code").  The 
Portfolio believes that it has qualified for such treatment and 
intends to continue to qualify therefor.  If it so qualifies, in 
any fiscal year with respect to which it distributes at least 90% 
of its net investment income, the Portfolio (but not its 
shareholders) will be relieved of Federal income tax on the amount 
distributed.  The Portfolio contemplates declaring as dividends 
100% of its net investment income.  See "Dividends and 
Distributions."  If in any taxable year the Portfolio does not 
qualify as a regulated investment company, all of its taxable 
income and gains will be taxed to the Portfolio at corporate 
rates. Dividends and distributions will be taxable to shareholders 
as ordinary income or long-term capital gains, whether received in 
cash or reinvested in additional shares of the Portfolio.  Each 
shareholder will be sent a statement which will include the amount 
of dividends paid and will identify whether such dividends 
represent ordinary income or long-term capital gains.

	The SAI describes the effect of other provisions of the Code 
on the Portfolio and its shareholders.

	Investors are urged to consult their attorneys or tax 
advisers regarding specific questions as to federal, foreign, 
state or local taxes.

PORTFOLIO TRANSACTIONS

	The Trust has no obligation to deal with any dealer or group 
of dealers in the execution of transactions in portfolio 
securities.  Subject to policy established by the Trustees of the 
Trust, the Investment Adviser is primarily responsible for the 
portfolio decisions of the Portfolio and for placing its portfolio 
transactions.  It is the policy of the Trust to obtain the best 
net results taking into account such factors as price (including 
the applicable dealer spread), the size, type and difficulty of 
the transaction involved, the firm's general execution and 
operational facilities, the firm's risk in positioning the 
securities involved and the provision of supplemental investment 
research, in most cases consisting of quantitative investment 
research.  While the Investment Adviser generally seeks reasonably 
competitive spreads or commissions, the Portfolio will not 
necessarily be paying the lowest spread or commission available.  
Consistent with the policy of the Portfolio to select brokers 
based on the brokers' ability to get the best price in the market 
and on the quality of the research provided, the Portfolio will 
also on occasion effect transactions through brokers which have 
been instrumental in the sale of shares of the Portfolio.

SHAREHOLDER SERVICES

	The Trust offers a number of shareholder services designed 
to facilitate investment in its shares at no extra cost to the 
investor.  Below is a description of such services.  Full details 
as to each such service and copies of the various plans described 
below can be obtained from the Trust.

	Investment Account.  Every shareholder has an Investment 
Account and will receive from the Transfer Agent transaction 
reports after each share transaction and dividend reinvestment. 
After the end of each year, each shareholder will receive Federal 
income tax information regarding dividends and capital gains 
distributions.

	Reinvestment of Dividends and Capital Gains Distributions.  
Unless specific instructions are given on the application form as 
to the method of payment of dividends and capital gains 
distributions, they will automatically be reinvested in additional 
shares of the Portfolio.  Such reinvestment will be at the net 
asset value of the shares of the Portfolio as of the close of 
business on the day on which the dividend or distribution is paid. 
Shareholders may elect in writing to receive either their income 
dividends or capital gains distributions, or both, in cash, in 
which event payment will be mailed by the Transfer Agent as soon 
as practicable after the payment date.

	Shareholders may, at any time, notify the Transfer Agent in 
writing that they no longer wish to have their dividends and/or 
distributions reinvested in shares or vice versa and, immediately 
upon receipt by the Transfer Agent of such notice, those 
instructions will be effected.

ADDITIONAL INFORMATION

	Organization of Trust.  The  Trust, a  Massachusetts 
business trust, was organized on September 16, 1985 as a 
diversified open-end management investment company.

	Description of Shares.  The Declaration of Trust provides 
that the Trust will be comprised of separate series each of which 
will consist of a separate portfolio which will issue a separate 
series of shares.  The Trustees are authorized to create an 
unlimited number of series and, with respect to each series, to 
issue an unlimited number of full and fractional shares of a 
single class and to divide or combine the shares into a greater or 
lesser number of shares without thereby changing the proportionate 
beneficial interests in the series.  All shares have equal voting 
rights, except that only shares of the respective series are 
entitled to vote on matters concerning only that series.  At the 
date of this prospectus, there are no existing series of the Trust 
other than Quantus Equity Managed Portfolio and Quantus II.

	Each share of a series of the Trust has equal dividend, 
distribution, liquidation and voting rights with other shares of 
that series.  Each issued and outstanding share of a series is 
entitled to one vote and to participate equally in dividends and 
distributions declared by the Trust out of that series and in net 
assets of the series remaining upon liquidation or dissolution 
after satisfaction of outstanding liabilities.  The shares of each 
series of the Trust, when issued, will be fully paid and non-
assessable, have no preference, preemptive, conversion, exchange 
or similar rights, and will be freely transferable.  There will 
normally be no meetings of shareholders for the purpose of 
electing Trustees unless and until such time as less than a 
majority of the Trustees holding office have been elected by 
shareholders, at which time the Trustees then in office will call 
a shareholders' meeting for the election of Trustees.  
Shareholders may, in accordance with the Declaration of Trust, 
cause a meeting of shareholders to be held for the purpose of 
voting on the removal of Trustees.  Meetings of the shareholders 
will be called upon written request of shareholders holding in the 
aggregate not less than 10% of the outstanding shares having 
voting rights.  Except as set forth above, the Trustees will 
continue to hold office and appoint successor Trustees.  Shares do 
not have cumulative voting rights and the holders of more than 50% 
of the shares of the Trust voting for the election of Trustees can 
elect all of the Trustees of the Trust if they choose to do so and 
in such event the holders of the remaining shares would not be 
able to elect any Trustees.  Shareholders are entitled to redeem 
their shares as set forth under "Redemption of Shares."

	The authorized capital stock of the Trust consists of an 
indefinite number of shares of beneficial interest, having a par 
value of $0.10 per share.

	Custodian, Transfer and Dividend Disbursing Agent.  Boston 
Safe Deposit and Trust Company, located at One Boston Place, 
Boston, Massachusetts 02108, serves as the Portfolio's custodian. 
Unified Advisers, Inc., located at 429 North Pennsylvania Street, 
Indianapolis, Indiana 46204, serves as the Portfolio's transfer 
agent and dividend disbursing agent.  First Data Investor Services 
Group, Inc. maintains the Portfolio's accounting records.

	Counsel and Auditor.  Rogers & Wells, special securities 
counsel to the Trust, passes upon legal matters for the Trust in 
connection with the shares offered by this Prospectus.  Arthur 
Andersen LLP is the independent public accountant of the Trust.

	Miscellaneous.  The Trust issues to its shareholders semi-
annual reports containing unaudited financial statements and 
annual reports containing financial statements examined by the 
Trust's auditors.

	This Prospectus does not contain all the information 
included in the Registration Statement filed with the SEC under 
the Securities Act of 1933 with respect to the securities offered 
hereby, certain portions of which have been omitted pursuant to 
the rules and regulations of the SEC.  The SAI, dated May 1, 1996, 
which forms a part of the Registration Statement, is incorporated 
by reference into this Prospectus.  The SAI may be obtained 
without charge as provided on the cover page of this Prospectus.  
The Registration Statement including the exhibits filed therewith 
may be examined at the office of the SEC in Washington, D.C.

	The Declaration of Trust establishing the Trust, dated 
September 16, 1985, a copy of which, together with all amendments 
thereto (the "Declaration"), is on file in the Office of the 
Secretary of the Commonwealth of Massachusetts, provides that the 
name "Paribas Trust For Institutions" refers to the trustees under 
the Declaration collectively as trustees, but not as individuals 
or personally; and no trustee, shareholder, officer, employee or 
agent of the Trust may be held to any personal liability, nor may 
resort be had to their private property for the satisfaction of 
any obligation or claim otherwise in connection with the affairs 
of the Trust but the Trust's property only shall be liable.



QUANTUS EQUITY MANAGED PORTFOLIO
Account Application
Mail to:
Paribas Trust for Institutions
c/o Unified Advisers, Inc.
429 N. Pennsylvania Street
Indianapolis, Indiana 46204-1897



REGISTRATION: The account should be registered as follows:
__________________________________________________________
Name of Account
__________________________________________________________
Street
__________________________________________________________
	City	State	Zip

Attention:									

FOR INDIVIDUALS ONLY:
___________________________________________________________
Occupation
___________________________________________________________
Name of Employer
___________________________________________________________
Street
___________________________________________________________
	City	State	Zip


CASH DIVIDENDS:  Unless checked below, dividends or distributions 
of the Portfolio will be reinvested automatically in additional 
shares of the Portfolio.

 	Check this box if dividends of investment income are to be 
paid in cash.

 	Check this box if capital gains distributions are to be paid 
in cash.

INITIAL INVESTMENT:  The initial minimum investment is $5,000.



	 	Please establish an account with the enclosed
______________________________		check for $ _______ 
payable to the Paribas
|___|___|___|___|___|___|___|___|___|		Trust for 
Institutions.

Taxpayer ID No.

	 	Citizen of U.S.
	
	 	Other (Please specify)

(____)___________________
 Area Code     Telephone

________________________

*	Under the Federal income tax law, you may be subject to 
certain penalties as well as withholding of tax at a 31% rate if 
you do not provide a correct number.

	The Internal Revenue Service requires us to withhold 31% 
from all dividends, capital gains, and liquidations unless you 
comply with two conditions: (1) you have given us your Social 
Security or Taxpayer ID Number (TIN), and (2) you have certified 
that you are not subject to backup withholding.

CERTIFICATION:  I ratify any instructions given pursuant to the 
authorizations described in this Application and agree that 
neither Paribas Trust for Institutions, Paribas Asset Management, 
Inc. nor First Data Investor Services Group, Inc. will be liable 
for any loss, cost or expense resulting from acting upon such 
authorizations or instructions (given by telephone or in writing) 
when believed to be genuine, nor will they incur any liability for 
any action committed or omitted in good faith.

	I am of legal age, have received and read the current 
Prospectus of Quantus Equity Managed Portfolio and agree to its 
terms.  I understand the investment objective and program of 
Quantus Equity Managed Portfolio and have determined that Quantus 
Equity Managed Portfolio is a suitable investment based upon my 
investment needs and financial situation.

	Under penalties of perjury, I certify that (1) my Social 
Security or Taxpayer ID Number provided is correct or that I have 
applied for such a number and am waiting for it to be issued and 
(2) that I am not subject to backup withholding because either 
(a) I am exempt from backup withholding, or (b) I have not been 
notified that I am subject to backup withholding for failing to 
report all interest or dividends, or (c) the IRS has notified me 
that I am no longer subject to backup withholding.

	Strike out the language in clause (2) above if the IRS has 
notified you that you ARE subject to backup withholding and you 
have not since received notice from the IRS that backup 
withholding has terminated.


_________________________	______________________________
	Signature	Title

_________________________	______________________________
	Signature	Title



FOR DEALER ONLY
(Branch Office Address)

We  hereby  authorize  Distributor to act as our agent  in 
connection with transactions under this authorization form.

								
	Dealer Name and Address

								

	By								
	Authorized Signature of Dealer

								
	Branch			A/E No.		A/E Last Name

This form when completed should be
mailed to:

Paribas Trust for Institutions
c/o Unified Advisers, Inc.							
				
429 N. Pennsylvania Street			Dealer's Customer A/C 
No.
Indianapolis, Indiana 46204-1897
								
			Dealer's Telephone No.



INVESTMENT ADVISER
Paribas Asset Management, Inc.
787 Seventh Avenue
New York, New York 10019


ADMINISTRATOR
First Data Investor Services Group, Inc.
One Exchange Place
Boston, Massachusetts 02109


CUSTODIAN
Boston Safe Deposit and Trust Company
One Boston Place
Boston, Massachusetts  02108


TRANSFER AGENT
Unified Advisers, Inc.
429 N. Pennsylvania Street
Indianapolis, Indiana 46204-1897


LEGAL COUNSEL
Rogers & Wells
200 Park Avenue
New York, New York  10166


AUDITORS
Arthur Andersen LLP
1345 Avenue of the Americas
New York, New York  10105








QUANTUS EQUITY
MANAGED PORTFOLIO
(A Portfolio of Paribas
Trust for Institutions)


___________

PROSPECTUS
___________





INVESTMENT ADVISER
Paribas Asset Management, Inc.
787 Seventh Avenue
New York, New York 10019



DISTRIBUTOR
Paribas Corporation
787 Seventh Avenue
New York, New York 10019



May 1, 1996

This Prospectus should be retained for future reference.




STATEMENT OF ADDITIONAL INFORMATION
QUANTUS EQUITY MANAGED PORTFOLIO
A Portfolio of
PARIBAS TRUST FOR INSTITUTIONS
787 Seventh Avenue
New York, New York 10019
For general information and purchases call
(212) 841-3200


	The Quantus Equity Managed Portfolio ("Quantus Equity 
Portfolio" or the "Portfolio") is a portfolio of the Paribas 
Trust for Institutions (the "Trust"), which is a 
professionally managed, diversified, open-end management 
investment company comprised of two portfolios.

	This Statement of Additional Information (the "SAI") 
of the Quantus Equity Portfolio is not a prospectus and 
should be read in conjunction with the Prospectus of the 
Quantus Equity Portfolio, dated May 1, 1996 (the 
"Prospectus"), which has been filed with the Securities and 
Exchange Commission (the "SEC") and is available upon oral 
or written request without charge.  Copies of the Prospectus 
can be obtained by calling or by writing the Trust at the 
above telephone number or address.  This SAI has been 
incorporated by reference into the Prospectus.

	The date of this SAI is May 1, 1996.



TABLE OF CONTENTS

										
	            Page

Quantus Equity Portfolio and Its Objective and 
Policies								3
Management of the Quantus Equity Portfolio		5
Investment Advisory and Other Services			6
Portfolio Transactions						7
Purchase of Shares						8
Redemption of Shares						9
Taxes									9
Distributor								10
Financial Information						10
Issuers Comprising the Index					11



QUANTUS EQUITY PORTFOLIO
AND ITS OBJECTIVE AND POLICIES


	Reference is made to "Quantus Equity Portfolio and Its 
Objective and Policies" in the Prospectus for a discussion 
of the investment objective and policies of the Quantus 
Equity Portfolio.

	The Trust is a diversified, open-end management 
investment company which was organized as a Massachusetts 
business trust.  The shares offered by the Prospectus are 
shares of beneficial interest of Quantus Equity Portfolio, 
par value $0.10 per share.

	The Index.  As described in the Prospectus, 
refinements are made to the major capitalization index (the 
"Index") by Paribas Asset Management, Inc. (the "Investment 
Adviser") as necessary to avoid over-representation of an 
industry, non-U.S. issuers, relatively illiquid issues and 
issuers with inadequate research coverage.  

	As to liquidity, if trading volume of an issuer's 
common stock was not among the top 750 common stocks in 
trading volume during the previous quarter, such issuer is 
not included in the Index notwithstanding that it is in the 
top 500 in market capitalization.

	An issuer will be considered to have inadequate 
research coverage if fewer than seven security analysts 
regularly issue research reports regarding the issuer.

	Investment Restrictions.  In addition to the 
investment restrictions set forth in the Prospectus, the 
Trust has adopted the following investment restrictions for 
the Quantus Equity Portfolio, none of which may be changed 
without the approval of a majority of the outstanding shares 
of the Portfolio, which for this purpose means the vote of 
(i) 67% or more of the Portfolio's shares present at a 
meeting, if the holders of more than 50% of the outstanding 
shares of the Portfolio are present or represented by proxy, 
or (ii) more than 50% of the Portfolio's outstanding shares, 
whichever is less.  The Portfolio may not:

	(a)	Make investments for the purpose of exercising 
control or management;

	(b)	Purchase securities of other investment 
companies, except in connection with a merger, 
consolidation, acquisition or reorganization;

	(c)	Invest in securities (other than securities 
issued by the U.S. Government or any of its agencies or 
instrumentalities) of any issuer if immediately after such 
acquisition the Portfolio would then own more than 10% of 
the voting securities of that issuer;

	(d)	Invest in interests in oil, gas or other mineral 
exploration or development programs, commodities, or 
commodity contracts, except that the Portfolio may invest in 
securities of issuers which invest or deal in any of the 
above;

	(e)	Invest in real estate or in interests in real 
estate, but the Portfolio may purchase readily marketable 
securities of companies holding real estate or interests 
therein;

	(f)	Purchase any securities on margin, except for 
use of short-term credit necessary for clearance of 
purchases and sales of portfolio securities;

	(g)	Make short sales of securities or maintain a 
short position or write, purchase or sell puts, calls, 
straddles, spreads or combinations thereof;

	(h)	Make loans to other persons, provided that the 
Portfolio may purchase debt obligations in accordance with 
its investment objectives and policies and the Portfolio may 
make loans of portfolio securities provided, among other 
things, that the value of the securities loaned does not 
exceed 10% of the value of the Portfolio's net assets (the 
acquisition of bonds, debentures or other corporate debt 
securities which are not publicly distributed is considered 
to be the making of a loan under the Investment Company Act 
of 1940);

	(i)	Borrow amounts in excess of 10% of the total 
assets of the Portfolio, taken at market value, and then 
only from banks as a temporary measure for extraordinary or 
emergency purposes (usually only "leveraged" investment 
companies may borrow in excess of 5% of their assets; 
however, the Portfolio will not borrow to increase income 
but only to meet redemption requests which might otherwise 
require untimely dispositions of portfolio securities.  In 
addition, the Portfolio will not purchase securities while 
borrowings are outstanding);

	(j)	Mortgage, pledge, hypothecate or in any manner 
transfer as security for indebtedness any securities owned 
or held by the Portfolio except as may be necessary in 
connection with borrowings mentioned in (i) above, and then 
such mortgaging, pledging or hypothecating may not exceed 
10% of the Portfolio's total assets, taken at market value;

	(k)	Invest in securities with legal or contractual 
restrictions on resale or for which no readily available 
market exists if, regarding all such securities, more than 
5% of the total assets of the Portfolio (taken at market 
value) would be invested in such securities;

	(l)	Act as an underwriter of securities, except 
insofar as the Portfolio may be deemed an underwriter under 
the Securities Act of 1933 in selling portfolio securities; 
and

	(m)	Invest in securities of any one issuer with a 
record of less than three years of continuous operation, 
including predecessors, except obligations issued or 
guaranteed by the United States Government or its agencies.

	Repurchase Agreements.  The Portfolio may invest in 
U.S. Government securities pursuant to repurchase 
agreements. Repurchase agreements may be entered into only 
with a member bank of the Federal Reserve System or primary 
dealer in U.S. Government securities.  Under such 
agreements, the bank or primary dealer agrees, upon entering 
into the contract, to repurchase the security at a mutually 
agreed upon time and price, thereby determining the yield 
during the term of the agreement.  This results in a fixed 
rate of return insulated from market fluctuations during 
such period.  Except with regard to repurchase agreements 
secured by U.S. government securities, in the event of 
default or bankruptcy by the seller under a repurchase 
agreement construed to be a collateralized loan, the Trust 
may suffer time delays and incur costs or possible losses in 
connection with such transactions.  Management expects that 
no more than 5 percent of the Portfolio's net assets will be 
subject to repurchase agreements during the coming year.

	Lending of Portfolio Securities.  Subject to 
investment restriction (h) above, the Quantus Equity 
Portfolio from time to time may lend securities from its 
portfolio to brokers, dealers and financial institutions and 
receive as collateral cash or United States Treasury 
securities which at all times while the loan is outstanding 
will be maintained in amounts equal to at least 100% of the 
current market value of the loaned securities.  Any cash 
collateral will be invested in short-term securities, which 
will increase the current income of the Portfolio making the 
loan.  Such loans, which will not have terms longer than 30 
days, will be terminable at any time.  The Trust will have 
the right to regain record ownership of loaned securities to 
exercise beneficial rights such as voting rights, 
subscription rights and rights to dividends, interest or 
other distributions.  The Portfolio may pay reasonable fees 
to persons unaffiliated with the Trust for services in 
arranging such loans.  In the event of a default by the 
borrower, the Trust may suffer time delays and incur costs 
or possible losses in connection with the disposition of the 
collateral.  The Trust expects that no more than 5 percent 
of the Portfolio's net assets will be committed to the 
lending of portfolio securities during the coming year.

	Portfolio Turnover.  The Investment Adviser effects 
portfolio transactions without regard to holding period if, 
in its judgment, such transactions are advisable in light of 
a change in circumstances in general market, economic or 
financial conditions.  As a result of its investment 
policies, the Portfolio may engage in a substantial number 
of portfolio transactions.  The portfolio turnover rate is 
calculated by dividing the lesser of the Portfolio's annual 
sales or purchases of portfolio securities (exclusive of 
purchases or sales of securities the maturities of which at 
the time of purchase were one year or less) by the monthly 
average value of the securities in the portfolio during the 
year.  High portfolio turnover results in correspondingly 
higher brokerage commissions and dealer spreads, both of 
which are borne directly by the Portfolio, and may increase 
the percentage of the Portfolio's distributions which are 
taxable to shareholders as ordinary income. For the years 
ended December 31, 1994 and 1995, the portfolio turnover 
rates were 120% and 141%, respectively.  See "Portfolio 
Transactions" and "Taxes."


MANAGEMENT OF QUANTUS EQUITY PORTFOLIO

	The Trustees and executive officers of the Trust, 
their ages and principal occupations for the last five or 
more years are set forth below.  Unless otherwise noted, the 
address of each Trustee and officer is 787 Seventh Avenue, 
New York, New York 10019:

Alain Leclair - Chairman of the Board and Trustee*, Age 56, 
Chairman of the Investment Adviser since February 1986.

Geoffrey H. Moore - Trustee, Age 82, 475 Riverside Drive, 
New York, New York 10027; Director, Center for International 
Business Cycle Research, Graduate School of Business, 
Columbia University, since 1983.

Thomas C. Pryor - Trustee, Age 76, 630 Fifth Avenue, New 
York, New York 10111; Director and Vice President, Yeager, 
Wood and Marshall Incorporated (investment counsel), since 
1991 and 1992, respectively; Consultant, Yeager, Wood and 
Marshall Incorporated, from 1986 to 1992.

John W. English - Trustee, Age 63, Investment Consultant; 
Private Investor; Vice President and Chief Investment 
Officer, The Ford Foundation, from 1981 to 1993.

Kurt Braitberg - Secretary and Treasurer, Age 28, Manager, 
Portfolio Administration, Paribas Asset Management from 
1994; Manager, Fund Accounting/Trade Settlements for 
Oppenheimer Management Corp. from October 1990 to June 1994.  

	Pursuant to the terms of the Trust's Investment 
Advisory Agreement, the Investment Adviser pays all 
compensation of officers of the Trust as well as the fees of 
all Trustees of the Trust who are affiliated persons of the 
Investment Adviser.  The Trust pays each unaffiliated 
Trustee an annual fee of $10,000, payable in four equal 
quarterly installments of $2,500 each.  The Trust pays all 
Trustees the actual out-of-pocket expenses related to their 
attendance at meetings.  No officer or employee of the 
Investment Adviser receives any compensation from the Trust 
for acting as a trustee or officer of the Trust.  

	Trustee Compensation.  There was no compensation paid 
to and no pensions or retirement benefits accrued for the 
Trustees for the fiscal year ended December 31, 1995.  
Officers of the Trust receive no compensation from the 
Trust.  The Trustees waived the portion of their 1995 fees 
attributable to the Quantus Equity Portfolio. 



									TOTAL
								COMPENSATION
				   AGGREGATE	FROM THE TRUST
NAME OF PERSON		 COMPENSATION 	AND COMPLEX PAID
  AND POSITION		FROM THE TRUST		TO TRUSTEES


John W. English				$9694			$-0-
	Trustee

Thomas C. Pryor				$9694			$-0-
	Trustee

Dr. Geoffrey Moore			$9694			$-0-
	Trustee

Alain Leclair				$-0-			$-0-
	Trustee

	As of April 22, 1996, the Trustees and officers of the 
Trust as a group owned less than 1% of the Portfolio's total 
shares outstanding.  As of April 22, 1996, the following 
individuals or entities beneficially owned more than 5% of 
the outstanding shares:

	Quantus Equity Managed Portfolio:

		Amount of
	Name and Address of Owner	Beneficial Ownership
	Percent of Portfolio

FCP Cortal Monde					29%
Attn:  Thierry Deheuvels
34 Avenue De L'Opera
75002 Paris France

John B. Stafford					9%
and Linda Stafford
TRST John B. Stafford Trust DTD 12/7/83
410 South Street
Greenville, MI  48838-2253


INVESTMENT ADVISORY AND OTHER SERVICES

	The Trust has entered into an Investment Advisory 
Agreement with respect to the Quantus Equity Portfolio with 
the Investment Adviser.  The principal business address of 
the Investment Adviser, Paribas Asset Management, Inc., is 
787 Seventh Avenue, New York, New York 10019.

	While the Investment Adviser is at all times subject 
to the direction of the Board of Trustees of the Trust, 
under the investment advisory agreement, the Investment 
Adviser is responsible for the actual management of the 
Portfolio and reviews the holdings in light of its own 
research analysis and analyses from other relevant sources.  
The responsibility for making decisions to buy, sell or hold 
a particular security rests with the Investment Adviser.  
The Investment Adviser provides the portfolio manager for 
the Trust, who considers analyses from various sources, 
makes the necessary investment decisions and places 
transactions accordingly.  The Investment Adviser is also 
obligated to perform certain administrative and management 
services for the Trust and is obligated to provide all the 
office space, facilities, equipment and personnel necessary 
to perform its duties under the agreement.

	Advisory Fee.  As compensation for the services 
rendered by the Investment Adviser under the investment 
advisory agreement, the Trust pays the Investment Adviser a 
fee equal to 0.65% of the average daily net assets of the 
Portfolio.  The fee is calculated daily and payable monthly.  
During the fiscal years ended December 31, 1995, 1994, and 
1993, the investment adviser fees payable by the Portfolio 
to the Investment Adviser were $17,508 $19,275 and $21,368, 
respectively, pursuant to the investment advisory agreement.  
The Investment Adviser waived fees of $10,506 during the 
fiscal year ended December 31, 1995.

	Duration and Termination.  Unless earlier terminated 
as described below, the investment advisory agreement will 
continue in effect from year to year if approved annually 
(a) by the Trustees of the Trust or by a majority of the 
outstanding voting shares of the Portfolio and (b) by a 
majority of the Trustees who are not parties to such 
contract or interested persons of any such party.  Such 
contract terminates upon assignment and may be terminated 
without penalty on 60 days' written notice at the option of 
either party thereto or by the vote of the shareholders of 
the Portfolio.

	Operating Expenses.  In the event the operating 
expenses of the Quantus Equity Portfolio (including the fees 
payable to the Investment Adviser but excluding taxes, 
interest, brokerage and extraordinary expenses), for any 
fiscal year exceed the expense limitations applicable to the 
Portfolio imposed by state securities laws or published any 
regulations thereunder, the Investment Adviser will reduce 
its fee to the extent of such excess and, if required 
pursuant to any such laws or regulations, will reimburse the 
Portfolio in the amount of such excess.  At present the most 
restrictive expense limitation would require the Investment 
Adviser to reimburse the Portfolio if, during any fiscal 
year of the Portfolio, ordinary operating expenses exceed 
2.5% of the Trust's first $30 million of average net assets, 
2.0% of the Trust's next $70 million of average net assets 
and 1.5% of the Trust's average net assets in excess of  
$100 million.  The payment of the management fee at the end 
of any month will be reduced or postponed so that there will 
not be any accrued but unpaid liability as a result of this 
expense limitation.  The Investment Adviser waived a portion 
of its management fees for the year ended December 31, 1995.  
(See "Advisory Fee" above).

	Boston Safe Deposit and Trust Company, One Boston 
Place, Boston, Massachusetts  02108, is the Portfolio's 
custodian. Unified Advisers, Inc., 429 N. Pennsylvania 
Street, Indianapolis, Indiana 46204-1897 is the Portfolio's  
transfer agent and dividend disbursing agent.  

	First Data Investor Services Group ("First Data") 
serves as the Portfolio's administrator and maintains the 
Portfolios' accounting records.  See "Administrator" in the 
Prospectus for information concerning the provisions of the 
administrative agreement.  For the fiscal year ended 
December 31, 1995, the Portfolio paid administrative fees of 
$7,314 to First Data.  For the period May 6, 1994 through 
December 31, 1994, the Portfolio paid First Data 
administrative fees of $5,796.  Prior to the close of 
business on May 6, 1994, The Boston Company Advisors, Inc. 
("Boston Advisors"), an indirect wholly owned subsidiary of 
Mellon Bank Corporation, served as the Portfolio's 
administrator.  For the period January 1, 1994 to May 5, 
1994, the Portfolio paid Boston Advisors administrative fees 
of $1,604.  For the fiscal year ended December 31, 1993, the 
Portfolio paid administrative fees of $4,931 to Boston 
Advisors.  

	Rogers & Wells, counsel to the Trust, passes upon 
legal matters for the Trust in connection with the shares 
offered by the prospectus.

	Arthur Andersen LLP is the independent public 
accountant of the Trust.


PORTFOLIO TRANSACTIONS

	The Portfolio has no obligation to deal with any 
dealer or group of dealers in the execution of transactions 
in portfolio securities.  Subject to policy established by 
the Trustees, the Investment Adviser is primarily 
responsible for the portfolio decisions of the Portfolio and 
the placing of its portfolio transactions.  In placing 
orders, it is the policy of the Portfolio to obtain the best 
net results, taking into account such factors as price 
(including the applicable dealer spread), the size, type and 
difficulty of the transaction involved, the firm's general 
execution and operational facilities, and the firm's risk in 
positioning the securities involved.  While the Investment 
Adviser generally seeks reasonably competitive spreads or 
commissions, the Portfolio will not necessarily be paying 
the lowest spread or commission available.  The cost of 
portfolio securities transactions of the Portfolio will 
primarily consist of brokerage commissions and dealer or 
underwriter spreads.

	The debt securities in which the Portfolio may invest 
will be traded primarily in the over-the-counter market.  
Where possible, the Portfolio will deal directly with the 
dealers who make a market in the securities involved except 
in those circumstances where better prices and execution are 
available elsewhere.  Such dealers usually are acting as 
principal for their own account.  On occasion, securities 
may be purchased directly from the issuer. Money market 
securities are generally traded on a net basis and do not 
normally involve either brokerage commissions or transfer 
taxes.

	Certain court decisions have raised questions as to 
whether investment companies should seek to "recapture" 
brokerage commissions and underwriting and dealer spreads by 
effecting their purchases and sales through affiliated 
entities.  In order to effect such an arrangement, the 
Portfolio would be required to seek an exemption from the 
1940 Act so that it could engage in principal transactions 
with affiliates.  The Board of Trustees has considered the 
possibilities of seeking to recapture spreads for the 
benefit of the Portfolio and, after reviewing factors deemed 
relevant, has made a determination not to seek such 
recapture at this time.  The Board will reconsider this 
matter from time to time.  The Portfolio will take such 
steps as may be necessary to effect recapture, including the 
filing of applications for exemption under the 1940 Act, if 
the Trustees should determine that recapture is in the best 
interests of the Portfolio or otherwise required by 
developments in the law.

	While the Investment Adviser seeks to obtain the most 
favorable net results in effecting transactions in the 
portfolio securities of the Portfolio, brokers who provide 
supplemental investment research to the Investment Adviser 
may receive orders for transactions by the Portfolio.  Such 
supplemental research services ordinarily consist of 
assessments and analysis of the business or prospects of a 
company, industry, or economic sector.  If, in the judgment 
of the Investment Adviser, the Portfolio will be benefitted 
by such supplemental research services, the Investment 
Adviser is authorized to pay commissions to brokers 
furnishing such services which are in excess of commissions 
which another broker may charge for the same transaction.  
Information so received will be in addition to and not in 
lieu of the services required to be performed by the 
Investment Adviser under its Investment advisory agreement.  
The expenses of the Investment Adviser will not necessarily 
be reduced as a result of the receipt of such supplemental 
information.  In some cases, the Investment Adviser may use 
such supplemental research in providing investment advice to 
its other investment advisory accounts.  For the fiscal 
years ended December 31, 1995, 1994 and 1993, the Trust paid 
total brokerage commissions of $9,778, $11,000 and $13,663, 
respectively, in connection with the Portfolio's portfolio 
transactions.  During the fiscal years ended December 31, 
1995, 1994 and 1993, the Trust paid no brokerage commissions 
with respect to affiliated portfolio transactions.


PURCHASE OF SHARES

	As described in the Prospectus, the shares of the 
Portfolio will be offered on a continuous basis, at a price 
equal to the net asset value per share.

	Net Asset Value.  As is discussed in the Prospectus, 
the net asset value of the shares is calculated as of the 
close of trading on the New York Stock Exchange (the 
"Exchange") each day the Exchange is open for trading.  The 
Exchange is not open for trading on the following holidays:  
New Year's Day, Presidents' Day, Good Friday, Memorial Day, 
Independence Day, Labor Day, Thanksgiving Day and Christmas 
Day.  The net asset value per share is computed by dividing 
the sum of the value of the portfolio securities held by the 
Portfolio plus any cash or other assets minus all 
liabilities by the total number of shares outstanding at 
such time, rounded to the nearest cent.  Expenses are 
accrued daily.


REDEMPTION OF SHARES 

	Reference is made to "Redemption of Shares" in the 
Prospectus for a discussion of the redemption and repurchase 
rights of shareholders.

	The right to redeem shares or to receive payment with 
respect to any such redemption may only be suspended for any 
period during which trading on the Exchange is restricted as 
determined by the SEC or such Exchange is closed (other than 
customary weekend and holiday closings), for any period 
during which an emergency exists as defined by the SEC as a 
result of which disposal of portfolio securities or 
determination of the net asset value of the Portfolio is not 
reasonably practicable, and for such other periods as the 
SEC may by order permit for the protection of the 
shareholders of the Portfolio.


TAXES

	Federal.  Dividends will be taxable to shareholders as 
ordinary income, except for (a) such portion as may exceed a 
shareholder's ratable share of the Portfolio's earnings and 
profits as determined for tax purposes (which may differ 
from net income for book purposes), which excess will be 
applied against and reduce the shareholder's cost or other 
tax basis for his shares and (b) amounts representing 
distributions of net realized long-term capital gains, if 
any.  If the amount described in (a) above were to exceed 
the shareholder's cost or other tax basis for his shares, 
the excess over basis would be treated as gain from the sale 
or exchange of such shares.  Dividends and distributions are 
taxable as described, whether received in cash or reinvested 
in additional shares of the Portfolio.

	In order to qualify for tax treatment as a regulated 
investment company under the Internal Revenue Code of 1986, 
as amended (the "Code"), the Portfolio is required among 
other things, to derive less than 30% of its gross income 
from the sale or other disposition of stocks, securities, 
and certain options, futures or forward contracts held for 
less than three months.  If in any taxable year the 
Portfolio does not qualify as a regulated investment 
company, all its taxable income and gains will be taxed to 
the Portfolio at corporate rates.

	The Code imposes a 4% nondeductible excise tax on a 
regulated investment company, such as the Portfolio, if it 
does not distribute to its shareholders during the calendar 
year an amount equal to at least 98% of the Portfolio's net 
investment income, with certain adjustments, for such 
calendar year, plus at least 98% of the Portfolio's capital 
gain net income for the 12-month period ending, as a general 
rule, on October 31 of such calendar year. For this purpose, 
any income or gain retained by the Portfolio that is subject 
to corporate income tax will be treated as having been 
distributed at year-end.  In addition, an amount equal to 
any undistributed net investment income or capital gain net 
income from the previous calendar year must also be 
distributed to avoid the excise tax.  The excise tax is 
imposed on the amount by which the Portfolio does not meet 
the foregoing distribution requirements. While the Portfolio 
intends to make distributions necessary to avoid imposition 
of the excise tax, there can be no assurance that sufficient 
amounts of taxable income and gain will be distributed to 
avoid imposition of the tax.

	Some shareholders may be subject to a 31% withholding 
on reportable dividends, capital gains distributions and 
redemption payments ("backup withholding").  Generally, 
shareholders subject to backup withholding will be certain 
non-corporate shareholders for whom a taxpayer 
identification number is not on file with the Portfolio or 
who, to the Trust's knowledge, have furnished an incorrect 
number.  In order to avoid backup withholding, when 
establishing an account, such an investor must certify under 
penalties of perjury that such number is correct and that he 
is not subject to backup withholding.

	Any dividend declared by the Portfolio in October, 
November or December of any year and made payable to 
shareholders of record on a specified date in such a month 
will be deemed to be received by such shareholders on 
December 31 of such year and to be paid by the Portfolio not 
later than December 31 of such year if actually paid during 
the following January.  Accordingly, these dividends will be 
taxable to shareholders in the year declared and not in the 
year in which shareholders actually receive the dividend.

	State and Local.  Depending upon the extent of the 
Portfolio's activities in those states and localities in 
which its offices are maintained or in which its agents or 
independent contractors are located, the Portfolio may be 
subject to the tax laws of such states or localities.  In 
addition, in those states and localities that have income 
tax laws, the treatment of the Portfolio and its 
shareholders under such laws may differ from their treatment 
under the Federal income tax laws.  Under state or local 
law, distributions of net investment income may be taxable 
to shareholders as dividend income even though a portion of 
such distributions may be derived from interest on U.S. 
Government obligations which, if realized directly, would be 
exempt from such income taxes.  Shareholders are advised to 
consult their tax advisers concerning the application of 
state and local taxes.


DISTRIBUTOR

	The Trust has entered into a Distribution Agreement 
(the "Distribution Agreement") with Paribas Corporation (the 
"Distributor").  The Distribution Agreement provides that 
the Trust will indemnify the Distributor against civil 
liabilities, including liabilities incurred under the 
Securities Act of 1933.  The Distribution Agreement is 
subject to the same renewal requirements and termination 
provisions described under "Investment Advisory and Other 
Services."  Pursuant to the terms of the Distribution 
Agreement, the Distributor serves as the principal 
underwriter and distributor of the shares of the Portfolio, 
and in that capacity makes a continuous offering of the 
shares and bears the costs and expenses of printing and 
distributing any copies of any prospectuses and annual and 
interim reports of the Trust (after such items have been 
prepared and set in type) which are used in connection with 
the offering of shares to selected dealers or investors, and 
the cost and expenses of preparing, printing and 
distributing any other literature used by the Distributor or 
furnished by it for use by selected dealers in connection 
with the offering of the shares for sale to the public.

	Under the Distribution Agreement between the Trust and 
the Distributor, the Distributor does not receive a 
commission in connection with its sale of shares of the 
Portfolio.  Instead, it is compensated for its services 
pursuant to a Plan of Distribution adopted by the Trust.  
See "Purchase of Shares - Plan of Distribution" in the 
Prospectus.

	Plan of Distribution.  Reference is made to "Purchase 
of Shares - Plan of Distribution" in the Prospectus for a 
discussion of the Plan of Distribution of the Trust for the 
Portfolio (the "Plan").  The Trust adopted the Plan to 
promote the sale of shares of the Portfolio and to retain 
investors.  The Plan was approved by the Trust's initial 
shareholder and by the trustees of the Trust, including a 
majority of the trustees who are not "interested" in the 
Plan or the Trust.  In approving the Plan, the trustees 
evaluated factors pertinent to the Plan and determined that 
there was a reasonable likelihood that it would be 
beneficial to the Trust and its shareholders.  The Plan 
provides that it may continue in effect indefinitely 
provided that the trustees approve the Plan at least 
annually in the manner described above.  As long as the Plan 
is in effect, the nomination of the trustees who are not 
interested trustees of the Trust must be committed to the 
disinterested trustees.  Under the Plan, the trustees of the 
Trust must be provided with and review at least quarterly a 
written report of the expenditures paid or payable pursuant 
to the Plan and the reason for such expenditures.  The 
amount paid under the Plan cannot be materially increased 
without shareholder approval.  The Plan and any agreements 
implementing the Plan must be in writing.


FINANCIAL INFORMATION

	The statements of assets and liabilities of the Trust 
comprising, respectively,  Quantus II and Quantus Equity 
Managed Portfolio and the portfolios of investments, as of 
December 31, 1995, and the related statements of operations 
and changes in net assets, together with the notes to 
financial statements and the report of independent public 
accountants, all as set forth in the Trust's 1995 Annual 
Report to Shareholders are incorporated by reference into 
this SAI.  No other information or statement contained in 
the annual report, other than those referred to above, is 
incorporated by reference or is a part of this SAI.




PARIBAS TRUST FOR INSTITUTIONS
INDEX
Issuers Comprising the
Index as of December 31, 1995


00088610	ADC TELECOMMUNICATION	ADCT		 
	Telecommunications Equip
00105510	AFLAC INC	AFL	 		Accident & Health 
Insuranc
00108410	AGCO CORP	AG	 		Construction/Ag 
Equip/Tru
00130H10	AES CORP	AESC	 		Environmental 
Services
00176510	AMR CORP/DE	AMR	 		Airlines
00195710	AT&T CORP	T              			Major 
US Telecommunication
00282410	ABBOTT LABORATORIES	ABT            		
	Major Pharmaceuticals
00651F10	ADAPTEC INC	ADPT	 		Electronic 
Components
00724F10	ADOBE SYSTEMS INC	ADBE			Computer 
Software
00790310	ADVANCED MICRO DEVICES 	AMD		
	Semiconductors
00794210	ADVANTA CORP -CLA	ADVNA	 	Finance Companies
00814010	AETNA LIFE & CASUALTY C	AET		Multi line 
Insurance
00867710	AHMANSON (HF) & CO	AHM		Savings & 
Loan Associatio
00915810	AIR PRODUCTS & CHEMICA	APD		Specialty 
Chemicals
00936310	AIRGAS INC		ARG		Specialty 
Chemicals
00949T10	AIRTOUCH COMMUNICATIO	ATI           	
	Cellular Telephone
01265310	ALBEMARLE CORP	ALB		Specialty 
Chemicals
01310410	ALBERTSONS INC	ABS		Food Chains
01378810	ALCO STANDARD CORP	ASN		Wholesale 
Distributors
01690010	ALLEGHENY LUDLUM CORP 	ALS		Specialty 
Steels
01849010	ALLERGAN INC	AGN		Other 
Pharmaceuticals
01951210	ALLIEDSIGNAL INC	ALD           	
	Diversified Manufacture
02000210	ALLSTATE CORP	ALL           	
	Multi-line Insurance
02144110	ALTERA CORP	ALTR		Semiconductors
02219710	ALUMAX INC	AMX		Aluminum
02224910		ALUMINUM CO OF AMERICA	AA	
	Aluminum
02261510	ALZA CORP		AZA		Biotechnology
02313910	AMBAC INC		ABK		Specialty Insurers
02364J10	AMERICA ONLINE INC	AMER		E.D.P 
Services
02390510	AMDAHL CORP	AMH		Electronic Data 
Processing
02470310	AMERICAN BRANDS INC/DE	AMB		Tobacco
02581610	AMERICAN EXPRESS	AXP           	
	Diversified Financial Svcs
02635110	AMERICAN GENERAL CORP 	AGC		Diversified 
Financial Svcs
02660910	AMERICAN HOME PRODUCT 	AHP           	
	Major Pharmaceuticals
02687410	AMERICAN INTERNATIONAL 	AIG           	
	Multi-line Insurance
02906610	AMERICAN PWR CNVRSION	APCC		Electrical 
Products
03009610	AMERICAN STORES CO	ASC		Food Chains
03095410	AMERITECH CORP	AIT           		Major 
US Telecommunicati
03116210	AMGEN INC		AMGN          	
	Biotechnology
03189710	AMP INC		AMP		Electronic 
Components
03190510	AMOCO CORP	AN            		Integrated 
Oil Companies
03209420	AMPHENOL CORP	APH		Electronic 
Components
03216510	AMSOUTH BANCORPORATI	ASO		Mid-Sized 
Banks
03251110 	ANADARKO PETROLEUM C	APC		Oil & Gas 
Production
03265410	ANALOG DEVICES	ADI		Semiconductors
03442510	ANDREW CORP	ANDW		Telecommunications Equip
03522910	ANHEUSER-BUSCH COS INC 	BUD           	
	Alcoholic Beverages
03738910	AON CORP 		AOC		Multi-line 
Insurance
03741110	APACHE CORP 	APA		Oil & Gas 
Production
03783310	APPLE COMPUTER INC 	AAPL		Electronic 
Data Processing
03822210	APPLIED MATERlAL 	AMAT		Electronic 
Production Equi
03948310	ARCHER-DANIELS-MIDLAND 	ADM	
	Farming/seeds/Milling
04276410	ARROW INTERNATIONAL 	ARRO	 	Medical 
Specialties
04341310	ASARCO INC 	AR		Other Metals/Minerals
04349110	ASCEND COMMUNICATIONS 	ASND	
	Office/Plant/Automation
04420410	ASHLAND INC	ASH		Oil Refining/Marketing
04882510	ATLANTIC RICHFIELD CO	ARC           	
	Integrated Oil Companies
04951310	ATMEL CORP	ATML		Semiconductors
05276910	AUTODESK INC	ACAD		Computer Software
05301510	AUTOMATIC DATA PROCES	AUD           	
	E.D.P Services
05333210	AUTOZONE INC	AZO		Other Specialty 
Chains
05361110	AVERY DENNISON CORP	AVY		Industrial 
Specialties
05380710	AVNET INC		AVT		Electronic 
Distributors
05430310	AVON PRODUCTS	AVP		Package 
Goods/Cosmetics
05592110	BMC SOFTWARE INC	BMCS		Computer Software
05722410	BAKER-HUGHES INC	BHI		Oilfield Services 
Equipmen
05943810	BANC ONE CORP	ONE           		Major 
Banks
05981510	BANDAG INC	BDG		Automotive Aftermarket
06071610	BANK OF BOSTON CORP	BKB		Major Banks
06405710		BANK OF NEW YORK CO IN	BK		Major 
Banks
06605010		BANKAMERICA CORP		BAC           	
	Major Banks
06636510		BANKERS TRUST NEW YOR	BT		Major 
Banks
06738310		BARD (C.R.) INC			BCR	
	Medical Specialties
06805510		BARNETT BANKS INC		BBI		Major 
Banks
07170710		BAUSCH & LOMB INC		B0L	
	Medical Specialties
07181310		BAXTER INTERNATIONAL IN	BAX           	
	Major Pharmaceuticals
07251010		BAY NETWORKS INC		BAY	
	Office/Plant Automation
07390210		BEAR STEARNS COMPANIE	BSC		Invest 
Bankers/Brokers/Sv
07583710		BECTON DICKINSON & CO	BDX	
	Medical Specialties
07589610		BED BATH & BEYOND INC	BBBY		Other 
Specialty Chains
07785310		BELL ATLANTIC CORP		BEL           
		Major US Telecommunicati
07986010		BELLSOUTH CORP		BLS           	
	Major US Telecommunicati
08055510	BELO (AH) CORP -SER A CO 	BLC	
	Newspapers
08172110	BENEFICIAL CORP	BNL			Finance 
Companies
08373910	BERGEN BRUNSWIG CORP	BBC		
	Medical/Dental Distributors
08651610	BEST BUY CO INC	BBY		
	Computer/Video Chains
08750910	BETHLEHEM STEEL CORP	BS		Steel/Iron 
Ore
08777910	BETZ LABORATORIES INC	BTL		Specialty 
Chemicals
09059710	BIOGEN INC	BGEN		Biotechnology
09061310	BIOMET INC	BMET		Medical Specialties
09179710	BLACK & DECKER CORP	BDK	
	Tools/Hardware
09367110	BLOCK H & R INC	HRB		Other Consumer 
Services
09565010	BOATMENS BANCSHARES I	BOAT		Major Banks
09702310	B0EING CO	BA		Aerospace
09738310	BOISE CASCADE CORP	BCC		Paper
10057810	BOSTON CHICKEN INC	B0ST		Restaurants
10113710	BOSTON SCIENTIFIC CORP	BSX		Medical 
Specialties
10218310	BOWATER INC	BOW		Paper
10904310	BRIGGS & STRATTON	BGG		Tools/Hardware
10964110	BRINKER INTL INC	EAT		Restaurants
11012210	BRISTOL MYERS SQUIBB	BMY		Major 
Pharmaceuticals
11201410	BRODERBUND SOFTWARE 1	BROD		Recreational 
Products/Toy
11588510	BROWNING-FERRIS INDS	BFI	
	Environmental Services
11704310	BRUNSWICK CORP	BC		Recreational 
Products/Toy
12189T10	BRLNGTN NTHRN SANTA FE 	BNI		Railroads
12550910	CIGNA CORP	CI		Multiline Insurance
12589610	CMS ENERGY CORP	CMS		Electric 
Utilities: Central
12614910	CPC INTERNATIONAL INC	CPC		Packaged 
Foods
12640810	CSX CORP	CSX		Railroads
12654510	CUC INTERNATIONAL INC	CU		Other 
Consumer Services
12692010	CABLETRON SYSTEMS	CS		Office/Plant 
Automation
12738710	CADENCE DESIGN SYS INC	CDN		Computer 
Software
12946610	CALENERGY INC	CE		Environmental 
Services
12989410	CALIBER SYSTEMS INC	CBB		Trucking
13119310	CALLAWAY GOLF CO	ELY		Recreational 
Products/Toy
13442910	CAMPBELL SOUP CO	CPB		Packaged Foods
14040H10	CAPITAL ONE FINL CORP	COF		Finance 
Companies
14149Y10	CARDINAL HEALTH INC	CAH	
	Medical/Dental Distributors
14170410	CAREMARK INTL INC	CK		Medical/Nursing 
Services
14365810	CARNIVAL CORP	CCL		Hotels/Resorts
14414110	CAROLINA POWER & LIGHT	CPL		Electric 
Utilities: South
14718410	CASCADE COMMUNICATION 	CSCC		Office/Plant 
Automation
14743R10	CASE CORP 	CSE		Construction/Ag 
Equip/Tru
14912310	CATERPILLAR INC 	CAT		Construction/Ag 
Equip/Tru
15677T10	CERIDIAN CORP 	CEN		Electronic Data 
Processing
15852510	CHAMPION INTERNATIONAL 	CHA		Paper
16161A10	CHASE MANHATTAN CORP	CMB		Major Banks
16675110	CHEVRON CORP	CHV		Integrated Oil 
Companies
17119610	CHRYSLER CORP	C		Motor Vehicles
17123210	CHUBB CORP	CB		Property-Casualty 
lnsuran
17247410	CINERGY CORP	CIN		Electric Utilities 
Central
17273710	CIRCUIT CITY STORES INC	CC	
	Computer/Video Chain
17275510	CIRRUS LOGIC INC	CRUS		Semiconductors
17275R10	CISCO SYSTEMS INC	CSCO		Office/Plant 
Automation
17290810	CINTAS CORP	CTAS		Diversified Commercial 
Sv
17290910	CIRCUS CIRCUS ENTERPR I 	CIR	
	Casino/Gambling
17303410	CITICORP 	CCI		Major Banks
18419010	CLAYTON HOMES INC	CMH		Homebuildinq
18905410		CLOROX CO/DE	CLX		Package 
Goods/Cosmetics
19044110		COASTAL CORP	CGP		Oil/Gas 
Transmission
19121610		COCA-COLA CO	KO			Soft 
Drinks
19121910		COCA-COLA ENTERPRISES	CCE		
	Soft Drinks
19355910		COLEMAN CO INC	CLN		
	Recreational Products/Toy
19416210		COLGATE-PALMOLIVE CO	CL		
	Package Goods/Cosmetics
19687910		COLTEC INDUSTRIES	COT		
	Diversified Manufacture
19767710		COLUMBIA/HCA HLTHCR -V	COL		
	Hospital Management
20034010		COMERICA INC	CMA			Major 
Banks
20449310	COMPAQ COMPUTER CORP 	CPQ		Electronic 
Data Processing
20491210	COMPUTER ASSOCIATES IN 	CA		Computer 
Software
20536310	COMPUTER SCIENCES COR 	CSC	
	Military/Gov't/Technical
20563810	COMPUWARE CORP		CPWR		Computer 
Software
20588710	CONAGRA INC		CAG		Meat/Poultry/Fish
20836810	CONRAIL INC		CRR		Railroads
20923710	CONSOLIDATED FREIGHTW	CNF		Trucking
20961510	CONSOLIDATED NATURAL		CNG	
	Natural Gas Distribution
20975910	CONSOLIDATED PAPERS IN	CDP		Paper
21014910	CONSOLIDATED STORES C		CNS	
	Discount Chains
21079530	CONTINENTAL AIRLS INC -C 	CAI.B	
	Airlines
21666910	COOPER INDUSTRIES INC		CBE	
	Diversified Manufacture
21683110	COOPER TIRE & RUBBER		CTB	
	Automotive Aftermarket
21869510	CORESTATES FINANCIAL C	CFL		Major Banks
21988810	CORPORATE EXPRESS INC		CEXP		Office 
Equipment/Supplies
22025610	CORRECTIONS CORP OF A		CXC	
	Diversified Commercial Sv
22237210	COUNTRYWIDE CREDIT IND	CCR		Finance 
Companies
22404410	COX COMMUNICATIONS -C		COX		Cable 
Television
22410010	CRACKER BARREL OLD CTR 	CBRL		Restaurants
22439910	CRANE CO		CR		Multi-Sector 
Companies
22609110	CRESTAR FINANCIAL CORP	CF		Mid-Sized 
Banks
22825510	CROWN CORK & SEAL CO I		CCK	
	Containers/Packaging
23102110	CUMMINS ENGINE		CUM	
	Construction/Ag Equip/Tru
23280610	CYPRESS SEMICONDUCTO		CY	
	Semiconductor
23280910	CYPRUS AMAX MINERALS C 	CYM		Other 
Metals/Minerals
23282010	CYTEC INDUSTRIES INC		CYT	
	Specialty Chemicals
23329310	DPL INC		DPL		Electric 
Utilities: Central
23329J10	DQE INC		DQE		Electric 
Utilities: East
23331110	DSC COMMUNICATIONS CO	DIGI	
	Telecommunications Equip
23581110	DANA CORP		DCN		Auto Parts: O.E.M.
23585110	DANAHER CORP		DHR		Diversified 
Manufacture
23719410	DARDEN RESTAURANTS IN		DRI	
	Restaurants
23975310	DAYTON HUDSON CORP		DH	
	Discount Chains
24236110	DEAN FOODS CO		DF		Packaged 
Foods
24240V10	DEAN WITTER DISCOVER &	DWD		Diversified 
Financial Svcs
24419910	DEERE & CO		DE		Construction/Ag 
Equip/Tru
24507310	DEL GLOBAL TECHNOLOGIE	DEL		Electronic 
Components
24702510	DELL COMPUTER CORP	  	DELL	
	Electronic Data Processing
24736110	DELTA AIR LINES INC	  	DAL	
	Airlines
24801910	DELUXE CORP	  	DLX		Printing/Forms
25247010	DIAL CORP/DE	  	DL		Multi-Sector 
Companies
25384910	DIGITAL EQUIPMENT	  	DEC		Electronic 
Data Processing
25406310	DILLARD DEPT STORES -CL 	DDS	
	Department Stores
25468710	DISNEY (WALT) COMPANY 	DIS	
	Movies/Entertainment
25660510	DOLE FOOD CO INC	  	DOL		Packaged 
Foods
25666910	DOLLAR GENERAL	  	DG		Discount 
Chains
25786710	DONNELLEY (RR) & SONS C 	DNY	
	Printing/Forms
26000310	DOVER CORP 		DOV		Diversified 
Manufacture
26054310	DOW CHEMICAL 		DOW		Major 
Chemicals
26056110	DOW JONES & CO INC 		DJ	
	Financial Publishing/Svcs
26159710	DRESSER INDUSTRIES INC 		DI	
	Diversified Manufacture
26353410	DU PONT (E1) DE NEMOURS 	DD		Major 
Chemicals
26439910	DUKE POWERCO 		DUK		Electric 
Utilities: South
26633L10	DURACELL INTERNATIONAL 	DUR	
	Tools/Hardware
26864810	EMC CORP/MA 		EMC		E.D.P. 
Peripherals
26874Q10	ENSCO INTERNATIONAL INC 	ESV	
	Contract Drilling
27743210	EASTMAN CHEMICAL CO 		EMN		Major 
Chemicals
27746110	EASTMAN KODAK CO 		EK		Photographic 
Products
27805810	EATON CORP 		ETN		Auto Parts: O.E.M.
27874910	ECHLIN INC	  	ECH		Automotive 
Aftermarket
27876310	ECKERD CORP	ECK		Drug Store Chains
27886510	ECOLAB INC			ECL		Industrial 
Specialties
28369587	EL PASO NATURAL GAS CO		EPG	
	Oil/Gas Transmission
28551210	ELECTRONIC ARTS INC		ERTS	
	Recreational Products/Toy
29101110	EMERSON ELECTRIC CO		EMR	
	Electrical Products
29284510	ENGELHARD CORP			EC	
	Specialty Chemicals
29356110	ENRON CORP			ENE		Oil/Gas 
Transmission
29356210	ENRON OIL & GAS			EOG		Oil & 
Gas Production
29356710	ENSERCH CORP			ENS		
	Oil/Gas Transmission
29442910	EQUIFAX INC			EFX		
	Financial Publishing/Svcs
29444G10	EQUITABLE COS INC			EQ		
	Diversified Financial Svcs
29765910	ETHYL CORP			EY		
	Specialty Chemicals
30229010	EXXON CORP			XON		
	Integrated Oil Companies
30249130	FMC CORP			FMC		
	Diversified Manufacture
30257110	FPL GROUP INC			FPL		
	Electrical Utilities: South
31330910	FEDERAL EXPRESS CORP		FDX		
	Air Freight
31340030	FED HOME LOAN MTG CO		FRE		
	Finance Companies
31358610	FEDERAL NATL MORTGAGE		FNM		
	Finance Companies
31410H10	FEDERATED DEPT STORES		FD		
	Department Stores
31677310	FIFTH THIRD BANCORP		FITB		
	Mid-Sized Banks
31890610	FIRST OF AMERICA BANK C		FOA		
	Major Banks
31927910	FIRST BANK SYSTEM INC		FBS		
	Major Banks
31935610	FIRST BRANDS CORP			FBR		
	Package Goods/Cosmetics
31945A10	FIRST CHICAGO NBD CORP		FCN		
	Major Banks
33629410	FIRST SECURITY CORP/UT		FSCO		
	Mid-Sized Banks
33716210	FIRST TENNESSEE NATL C		FTEN		
	Mid-Sized Banks
33735810	FIRST UNION CORP (N C)		FTU		
	Major Banks
33743H10	FIRST USA INC			FUS		
	Finance Companies
33761C10	FIRSTAR CORP			FSR		
	Major Banks
33891510	FLEET FINANCIAL GROUP IN 	FLT		Major 
Banks
34386110	FLUOR CORP 	FLR		Engineering & 
Constructio
34477520	FOOD LION INC -CL A 	FDLNA		Food Chains
34537010	FORD MOTOR CO 	F		Motor Vehicles
34544910	FORE SYSTEMS INC 	FORE		Office/Plant 
Automation
34583810	FOREST LABORATORIES -C 	FRX		Other 
Pharmaceuticals
34746110	FORT HOWARD CORP	FORT		Paper
35024410	FOSTER WHEELER CORP	FWC	 	Engineering 
& Constructio
35040110	FOUNDATION HEALTH COR	FH		Managed 
Health Care
35461310	FRANKLIN RESOURCES INC	BEN		Investment 
Managers
35671D85	FREEPRT MCMOR COP&GL	FCX		Other 
Metals/Minerals
35690310	FREEPORT MCMORAN RES	FRP		Agricultural 
Chemicals
35906P10	FRONTIER CORP	FRO		Other 
Telecommunications
36232010	GTE CORP	GTE		Major US Teleoommunicati
36473010	GANNETT CO	GCI		Newspapers
36476010	GAP INC		GPS	
	Clothing/Shoe/Access Cha
36783310	GATEWAY 2000 INC	GATE		Electronic Data 
Processing
36790110	GAYLORD ENTERTAINMENT	GET		Cable 
Television
36871030	GENENTECH INC	GNE		Biotechnology
36955010	GENERAL DYNAMICS CORP	GD	
	Military/Govt/Technical
36960410	GENERAL ELECTRIC CO	GE		Multi-Sector 
Companies
37012110	GENERAL INSTRUMENT CO	GIC	
	Telecommunications Equip
37033410	GENERAL MILLS INC	GIS		Packaged Foods
37044210	GENERAL MOTORS CORP	GM		Motor 
Vehicles
37044240	GENERAL MOTORS CL E	GME		EDP Services
37044250	GENERAL MOTORS CL H	GMH	
	Military/Gov't/Technical
37047F10	GENERAL NUTRITION COS	GNCI		Other 
Specialty Chains
37056310	GENERAL RE CORP	GRN		Property-Casualty 
Insuran
37083810	GENERAL SIGNAL CORP	GSX		Indus'l 
Machinery/Compon
37246010	GENUINE PARTS CO	GPC		Automotive 
Aftermarket
37291710	GENZYME CORP	GENZ		Biotechnology
37320020	GEORGlA GULF CORP	GGC		Specialty 
Chemicals
37329810	GEORGIA-PACIFIC CORP	GP		Forest 
Products
37576610	GILLETTE CO	G		Package Goods/Cosmetics
37789910	GLENAYRE TECHNOLOGIES 	GEMS	
	Telecommunications Equip
37935240	GLOBAL MARINE INC 	GLM		Contract 
Drilling
38131710	GOLDEN WEST FINANCIAL 	GDW		Savings & 
Loan Associatio
38238810	GOODRICH (B F) CO 	GR		Specialty 
Chemicals
38255010	GOODYEAR TIRE & RUBBER 	GT		Automotive 
Aftermarket
38480210	GRAINGER (W W) INC	GWW		Wholesale 
Distributors
39056810	GREAT LAKES CHEMICAL C 		GLK	
	Specialty Chemicals
39144210	GREAT WESTERN FINANCIA 	GWF		Savings & 
Loan Associatio
39350510	GREEN TREE FINANCIAL CO 	GNT	
	Finance Companies
40169810	GUIDANT CORP	GDT		Medical 
Specialities
40418110	HFS INC	HFS		Hotels/Resorts
40621610	HALLIBURTON CO	HAL		Oilfield 
Services/Equipmen
41052210	HANNA (M A) CO	MAH		Specialty 
Chemicals
41163G10	HARCOURT GENERAL INC	H		Department 
Stores
41282210	HARLEY-DAVIDSON INC	HDI		Motor 
Vehicles
41334510	HARNISCHFEGFR INDUSTRI 	HPH		Indus'l 
Machinery/Compon
41361910	HARRAHS ENTERTAINMENT 	HET	
	Casino/Gambling
41387510	HARRIS CORP 	HRS		Diversified 
Electronic Prod
41586410	HARSCO CORP 	HSC		Metal Fabrications
41805610	HASBRO INC 	HAS		Recreational 
Products/Toy
42192410	HEALTHSOUTH CORP 	HRC		Medical/Nursing 
Services
42192810	HEALTHCARE COMPARE CO 	HCCC		Managed 
Health Care
42193310	HEALTH MANAGEMNT ASSC 	HMA		Hospital 
Managemsnt
42193710	HEALTH CARE & RETIREME 	HCR		Hospital 
Managennent
42194910	HEALTH SYSTEMS INTL -CL 	HQ	
	Managed Health Care
42221E10	HEALTHSOURCE INC	HS		Managed Health 
Care
42289310	HEILIG-MEYERS CO	HMY		Other Specia ty 
Chains
42307410	HEINZ (H J) CO	HNZ		Packaged Foods
42705610	HERCULES INC	HPC		Major Chemicals
42786610	HERSHEY FOODS CORP	HSY		Specialty 
Foods/Candy
42823610	HEWLETT-PACKARD CO	HWP		Electronic 
Data Processing
43157310	HILLENBRAND INDUSTRIES	HB		Medical 
Specialties
43284810	HILTON HOTELS CORP	HLT	
	Hotels/Resorts
43707610	HOME DEPOT INC	HD		Building Materials 
Chains
43761410	HOMESTAKE MINING	HM		Precious Metals
43850610	HONEYWELL INC	HON		Diversifed 
Manufacture
44040010	HORIZON/CMS HEALTHCAR	HHC		Hospital 
Management
44045210	HORMEL FOODS CORP	HRL		Meat/Poultry/Fish
44181510	HOUSEHOLD INTERNATION	HI		Finance 
Companies
44351020	HUBBELL INC CLB	HUB.B		Electrical 
Products
44485910	HUMANA INC	HUM		Managed Health Care
44615010	HUNTINGTON BANCSHARES 	HBAN		Major Banks
44922310	IBM INC	IBP		Meat/Poultry/Fish
44966910	IMC GLOBAL INC	IGL		Agricultural 
Chemicals
45168D10	IDEXX LABS INC	IDXX		Biotechnology
45184110	ILLINOIS CENTRAL CORP	IC		Railroads
45230810	ILLINOIS TOOL WORKS	ITW		Indus'l 
Machinery/Compon
45231710	ILLINOVA CORP	ILN		Electric 
Utilities: Central
45662610	INFINITY BROADCASTING -	INF		Broadcasting
45677910	INFORMIX CORP	IFMX		Computer Software
45686610	INGERSOLL-RAND CO	IR		Indus'l 
Machlnery/Compon
45747210		INLAND STEEL INDUSTRIES	IAD	
	Steel/Iron Ore
45765210		INPUT/OUTPUT INC		IO	
	Oilfield Services/Equipmen
45811810		INTEGRATED DEVICE TECH	IDTI	
	Semiconductors
45814010		INTEL CORP			INTC		
	Semiconductors
45920010		INTL BUSINESS MACHINES	IBM	
	Electronic Data Processing
45950610		INTL FLAVORS & FRAGRAN	IFF	
	Package Goods/Cosmetics
45990210		INTL GAME TECHNOLOGY	IGT	
	Recreational Products/Toy
46014610		INTL PAPER CO		IP		Paper
46025410		INTL RECTIFIER CORP	IRF	
	Semiconductors
46115610		INTIMATE BRANDS INC -CL	IBI	
	Apparel
46582310		IVAX CORP			IVX	
	Generic Drugs
47034910		JAMES RIVER CORP OF VIR	JR		Paper
47507010		JEFFERSON-PILOT CORP	JP		Life 
Insurance
47816010		JOHNSON & JOHNSON	JNJ		Major 
Pharmaceuticals
47836610		JOHNSON CONTROLS INC	JCI	
	Building Products
48007410		JONES APPAREL GROUP IN	JNY	
	Apparel
48248010		KLA INSTRUMENTS CORP	KLAC	
	Electronic Production 
48300710		KAISER ALUMINUM CORP	KLU	
	Aluminum
48783610		KELLOGG CO			K	
	Packaged Foods
48836010		KEMET CORP			KMET	
	Electronic Components
48917010		KENNAMETAL INC		KMT	
	Indus'l Machinery/Compon
49326710		KEYCORP			KEY		Major 
Banks
49436810		KlMBERLY-CLARK CORP	KMB	
	Package Goods/Cosmetics
49566710		KING WORLD PRODUCTION	KWP	
	Movies/Entertainment
49904010		KNIGHT-RlDDER INC		KRI	
	Newspapers
50025510		KOHLS CORP			KSS	
	Department Stores
50104410		KROGER CO			KR		Food 
Chains
50181310		LCI INTERNATIONAL INC		LCI	
	Other Telecommunications
50192110		LTV CORP			LTV	
	Steel/lron Ore
50216110		LSI LOGIC CORP			LSI	
	Semiconductors
50419510		LA QUINTA INNS INC		LCI	
	Hotels/Resorts
51280710		LAM RESEARCH CORP		LRCX	
	Electronic Production Equi
52189310		LEAR SEATING CORP		LEA		Auto 
Parts: O.E.M.
52466010		LEGGETT & PLATT INC		LEG	
	Home Furnishings
52490810		LEHMAN BROTHERS HOLDI	LEH		Invest 
Bankers/Brokers/Sv
53245710		LILLY (ELI) & CO		LLY		Major 
Pharmaceuticals
53271610		LIMITED INC			LTD	
	Clothing/Shoe/Access Cha
53418710		LINCOLN NATIONAL CORP	LNC	
	Multi-line Insurance
53567810		LlNEAR TECHNOLOGY COR	LLTC	
	Semiconductors
53802110		LITTON INDUSTRlES INC		LIT	
	Military/Gov't/Technical
53932010		LIZ CLAIBORNE INC		LIZ	
	Apparel
53983010		LOCKHEED MARTIN CORP	LMT	
	Aerospace
54013710		LOCTITE CORP			LOC	
	Specialty Chemicals
54230710	LONE STAR STEAKHOUSE S 	STAR		Restaurants
54385910	LORAL CORP 	LOR		Military/Gov't/Technical
54626810	LOUISIANA LAND & EXPLOR 	LLX		Oil & 
Gas Production
54866110	LOWES COS 	LOW		Building Materials 
Chains
54927110	LUBRIZOL CORP 	LZ		Specialty 
Chemicals
55207810	LYONDELL PETROCHEMICA 	LYO		Oil 
Refining/Marketing
55262L10	MBNA CORP 	KRB		Finance Companies
55267310	MCI COMMUNICATIONS 	MCIC		Major US 
Telecommunicati
55267J10	MCN CORP 	MCN		Natural Gas Distribution
55284810	MGIC INVESTMENT CORP/W 	MTG		Speciality 
Insurers
55295310	MGM GRAND INC 	MGG		Casino/Gambling
56122610	MALLINCKRODT GROUP INC 	MKG		Medical 
Specialities
56405410	MANOR CARE INC	MNR		Hospital 
Management
56418H10	MANPOWER INC/WI	MAN		Diversified 
Commercial Sv
57174810	MARSH & MCLENNAN COS	MMC		Insurance 
Brokers/Service
57183410	MARSHALL & ILSLEY CORP	MRIS		Mid-Sized 
Banks
57190010	MARRIOTT INTL INC	MAR		Hotels/Resorts
57459910	MASCO CORP	MAS		Building Products
57708110	MATTEL INC	MAT		Recreational 
Products/Toy
57772K10	MAXIM INTEGRATED PROD	MXIM	
	Semiconductors
57777810		MAY DEPARTMENT STORES 	MA	
	Department Stores
57978020		MCCORMICIK & CO		MCCRK	
	Specialty Foods/Candy
58013510		MCDONALDS CORP		MCD	
	Restaurants
58064510		MCGRAW-HILL COMPANIES	MHP	
	Financial Publishing/Svcs
58155710		MCKESSON CORP		NICK	
	Medical/Dental Distributors
58283410		MEAD CORP			MEA		Paper
58402810		MEDAPHIS CORP		MEDA		Health 
Industry Services
58505510		MEDTRONIC INC		MDT	
	Medical Electronics
58550910		MELLON BANK CORP		MEL		Major 
Banks
58720010		MENTOR GRAPHICS CORP	MENT	
	Office/Plant Automation
58734210	MERCANTILE BANCORPORA 	MTL		Mid-Sized 
Banks
58933110	MERCK & CO	MRK		Major Pharmaceuticals
58939510	MERCURY FINANCE CO	MFN		Finance 
Companies
59018810	MERRILL LYNCH & CO	MER		Invest 
Bankers/Brokers/Sv
59491810	MICROSOFT CORP	MSFT		ComputerSof1ware
59501710	MICROCHIP TECHNOLOGY I	MCHP	
	Semiconductors
59501B10	MICRO WAREHOUSE INC	MWHS	
	Catalog/Speciality Dist
59511210	MICRON TECHNOLOGY INC	MU	
	Semiconductors
59523C10	MID ATLANTIC MEDICAL SV	MME		Managed 
Health Care
60107310	MILLIPORE CORP	MIL		Industrial 
Specialties
60405910	MINNESOTA MINING & MFG	MMM		Diversified 
Manufacture
60462E10	MIRAGE RESORTS INC	MIR	
	Casino/Gambling
60705910	MOBIL CORP	MOB		Integrated Oil Companies
60855410	MOLEX INC	MOLX		Electronic Components
61166210	MONSANTO CO	MTC		Major Chemicals
61688010	MORGAN (J P) & CO	JPM		Major Banks
61744610	MORGAN STANLEY GROUP I 	MS		Invest 
Bankers/Brokers/Sv
61933110	MORTON INTERNATIONAL I 	MII		Specialty 
Chemicals
62007610	MOTOROLA INC 	MOT		Semiconducter
62853010	MYLAN LABORATORIES	MYL		Generic 
Drugs
62914010		NIPSCO INDUSTRIES INC		NI	
	Electric Utilities: Central
62952610		NABISCO HLDGS CORP -CL	NA	
	Packaged Foods
62985310		NALCO CHEMICAL CO		NLC	
	Specialty Chemicals
63540510		NATIONAL CITY CORP		NCC	
	Major Banks
63764010		NATIONAL SEMICONDUCTO	NSM	
	Semiconductors
63858510		NATIONSBANK CORP		NB		Major 
Banks
63934E10		NAVISTAR INTERNATIONL	NAV	
	Construction/Ag Equip/Tru
65011110	NEW YORK TIMES CO -CLA 	NYT.A		Newspapers
65119210	NEWELL COMPANIES 	NWL		Home Furnishings
65163710	NEWMONT GOLD COMPANY 	NGC		Precious 
Metals
65163910		NEWMONT MINING CORP		NEM	
	Precious Metals
65410610		NIKE INC -CL B			NKE	
	Shoe Manufacturing
65440D10		NINE WEST GROUP INC		NIN	
	Clothing/Shoe/Access Cha
65489410		NOBLE AFFILIATES INC		NBL	
	Oil & Gas Production
65541910		NORAM ENERGY CORP		NAE	
	Natural Gas Distribution
65566410		NORDSTROM INC		NOEE	
	Clothing/Shoe/Access Cha
65584410		NORFOLK SOUTHERN COR	NSC	
	Railroads
66585910		NORTHERN TRUST CORP		NTRS	
	Mid-Sized Banks
66680710	NORTHROP GRUMMAN COR 	NOC		Aerospace
66938010	NORWEST CORP	NOB		Major Banks
67000610	NOVELL INC	NOVL		Office/Plant Automation
67000810	NOVELLUS SYSTEMS INC	NVLS		Electronic 
Production Equi
67034610	NUCOR CORP	NUE		Specialty Steels
67076810	NYNEX CORP	NYN		Major US Telecommunicati
67366210	OAKLEY INC	OO		Consumer Specialties
67459910	OCCIDENTAL PETROLEUM	OXY		Oil & Gas 
Production
67622010	OFFICE DEPOT INC	ODP				Other 
Specialty Chains
67622M10	OFFICEMAX INC	OMX				Other 
Specialty Chains
67983310	OLD KENT FINANCIAL CORP 	OKEN		
	Mid-Sized Banks
68066520		OLIN CORP			OLN		
	Diversified Manufacture
68138510		OLSTEN CORP			OLS		
	Diversified Commercial Sv
68190410		OMNICARE INC			OCR		
	Health Industry Services
68389X10		ORACLE CORP			ORCL		
	Computer Software
68685710		ORNDA HEALTHCORP		ORN		
	Hospital Management
68763F10		ORYX ENERGY CO		ORX		
	Oil & Gas Production
68989910		OUTBACK STEAKHOUSE IN	OSSI		
	Restaurants
69073F10		OWENS CORNING		OCF		
	Building Materials
69076840		OWENS-ILLINOIS INC		OI		
	Containers/Packaging
69147110		OXFORD HEALTH PLANS IN	OXHP		
	Managed Health Care
69344M10		PMI GROUP INC			PMA		
	Specialty Insurers
69347510		PNC BANK CORP			PNC		
	Major Banks
69350610		PPG INDUSTRIES INC		PPG		
	Paints/Coatings
69371810		PACCAR INC			PCAR		
	Construction/Ag Equip/Tru
69423210		PACIFIC ENTFRPRISES		PET		
	Natural Gas Distribution
69511020		PACIFICARE HEALTH SYS -	PHSYB		
	Managed Health Care
69642930		PALL CORP			PLL		
	Industrial Specialties
69846210	PANHANDLE EASTERN COR 	PEL		
	Oil/Gas Transmission
69917310	PARAMETRIC TECHNOLOGY 	PMTC		
	Computer Software
70109610	PARKER-HANNIFIN CORP	PH			
	Fluid Controls
70432610	PAYCHEX INC	PAYX				Diversified 
Commercial Sv
70816010	PENNEY (J C) CO	JCP			
	Department Stores
70963110	PENTAIR INC	PNR				Diversified 
Manufacture
71271310	PEOPLESOFT INC	PSFT			
	Computer Software
71327810	PEP BOYS-MANNY MOE & J	PBY			
	Other Specialty Chains
71344810	PEPSICO INC	PEP				Soft Drinks
71429010	PERRIGO COMPANY	PRGO				Other 
Pharmaceuticals
71694110	PHARMACIA & UPJOHN INC	PNU			
	Major Pharmaceuticals
71708110	PFIZER INC	PFE				Major 
Pharmaceuticals
71726510	PHELPS DODGE CORP	PD				Other 
Metals/Minerals
71815410	PHILIP MORRIS COS INC	MO			
	Tobacco
71850710	PHILLIPS PETROLEUM CO	P			
	Integrated Oil Companies
71940F10	PHYCOR INC	PHYC			
	Medical/Nursing Services
72003530	PICTURETEL CORP	PCTL			
	Telecommunications Equip
72348410	PINNACLE WEST CAPITAL	PNW			
	Electric Utilities: West
72368610	PIONEER HI-BRED INTERNA	PHB			
	Farming/Seeds/Milling
72447910	PITNEY BOWES INC	PBI				Office 
Equipment/Supplies
73762810	POTLATCH CORP	PCH				Paper
74005P10	PRAXAIR INC	PX				Specialty 
Chemicals
74045910	PREMARK INTERNATIONAL I 	PMI			
	Catalog/Specia1ty Dist
74058410	PREMISYS COMMUNICATIO	PRMS		E.D.P. 
Peripherals
74143W10	PRICE/COSTCO INC	PCCW		Discount Chains
74271810	PROCTER & GAMBLE CO	PG		Package 
Goods/Cosmetics
74331510	PROGRESSIVE CORP-OHIO	PGR	
	Property-Casualty Insuran
74342H10	PROMUS HOTEL CORP	PRH		Hotels/Resorts
74406110	PROVIDIAN CORP	PVN		Life Insurance
74740210	QUAKER OATS CO	OAT		Packaged Foods
74752510	QUALCOMM INC	QCOM		Telecommunications 
Equip
74790610	QUANTUM CORP	QNTM		E.D.P Peripherals
74835610	QUESTAR CORP	STR		Natural Gas 
Distribution
74908410	QUORUM HEALTH GROUP I	QHGI		Hospital 
Management
74960K87	RJR NABISCO HLDGS CORP 	RN		Tobacco
74968510	RPM INC-OHIO	RPOW		Paints/Coatings
75127730	RALSTON PURlNA CO	RAL			Packaged 
Foods
7549O710	RAYONIER INC	RYN			Forest 
Products
75511110	RAYTHEON CO	RTN		
	Military/Gov't/Technical
75524610	READ-RITE CORP	RDRT			Electronic 
Components
75526710	READERS DIGEST ASSN -C	RDA		
	Books/Magazines
75811010	REEBOK INTERNATIONAL L	RBK		Shoe 
Manufacturing
75894010	REGIONS FINL CORP	RGBK		Mid-Sized Banks
76071910	REPUBLIC NEW YORK COR	RNB		Major Banks
76133910	REVCO D.S. INC	RXR		Drug Store Chains
76176310	REYNOLDS METALS CO	RLM		Aluminum
76242T10	RHONE-POULENC RORER	RPR		Major 
Pharmaceuticals
76775410	RITE AID CORP	RAD		Drug Store Chains
77434710	ROCKWELL INTL CORP	ROK		Aerospace
77537110	ROHM & HAAS CO	ROH		Major Chemicals
78108810	RUBBERMAID INC	RBD		Home Furnishings
78354910	RYDER SYSTEM INC	R		Rental/Leasing 
Companies
78387G10	SBC COMMUNICATIONS INC 	SBC		Major US 
Telecommunicati
78389010	SCI SYSTEMS INC	SCIS		Diversified 
Electronic Prod
78642910	SAFECO CORP	SAFC		Multi-line Insurance
78651420	SAFEWAY INC	SWY		Food Chains
79084910	ST JUDE MEDICAL INC	STJM		Medical 
Specialties
79286010	ST PAUL COS	SPC		Property-Casualty 
Insuran
79549B10	SALOMON INC	SB		Invest 
Bankers/Brokers/Sv
80217610	SANTA FE PACIFIC GOLD C	GLD		Precious 
Metals
80311110	SARA LEE CORP	SLE		Packaged Foods
80652810	SCHERER (R P)/DE	SHR		Medical 
Specialties
80660510	SCHERING-PLOUGH	SGP		Major 
Pharmaceuticals
80685710	SCHLUMBERGER LTD	SLB		Oilfield 
Services/Equipmen
80706610	SCHOLASTIC CORP	SCHL		Books/Magazines
80819410	SCHULMAN (A.) INC	SHLM		Specialty 
Chemicals
80851310	SCHWAB (CHARLES) CORP	SCH		Invest 
Bankers/Brokers/Sv
80865510	SCIENTIFIC-ATLANTA INC	SFA	
	Telecommunications Equip
81180410	SEAGATE TECHNOLOGY	SEG		E.D.P 
Peripherals
81238710	SEARS ROEEUCK & CO	S		Department 
Stores
81756510	SERVICE CORP INTERNATI	SRV		Other 
Consumer Services
81948610	SHARED MEDICAL SYSTEM	SMED		Health 
Industry Services
82028610	SHAW INDUSTRIES INC	SHX		Home 
Furnishings
82434810	SHERWIN-WILLIAMS CO	SHW	
	Paints/Coatings
82655210	SIGMA-ALDRICH	SIAL		Specialty 
Chemicals
82705610	SILICON GRAPHICS INC	SGI		Electronic 
Data Processing
82706610	SILICON VALLEY GROUP IN	SVGI		Electronic 
Production Equi
83303410	SNAP-ON INC	SNA		Tools/Hardware
83418210	SOLECTRON CORP	SLR		Electronic 
Components
83541510	SONAT INC	SNT		Oil/Gas Transmission
83542010	SONAT OFFSHORE DRILLIN	RIG		Contract 
Drilling
83549510	SONOCO PRODUCTS CO	SON	
	Containers/Packaging
84344410	SOUTHERN NATIONAL COR	SNB		Mid-Sized 
Banks
84473010	SOUTHTRUST CORP	SOTR		Major Banks
84474110	SOUTHWEST AIRLINES	LUV		Airlines
85206110	SPRINT CORP	FON		Major US Telecommunicati
85503010	STAPLES INC	SPLS		Other Specialty Chains
85524410	STARBUCKS CORP	SBUX		Restaurants
85747310	STATE STREET BOSTON CO 	STT		Major Banks
86034210	STEWART & STEVENSON S 	SSSS	
	Construction/Ag Equip/Tru
86037010	STEWART ENTERPRISES - 	STEI		Other 
Consumer Services
86158910	STONE CONTAINER CORP	STO	
	Containers/Packaging
86209910	STOP & SHOP COS	SHP	   	Food Chains
86268310	STRATACOM INC	STRM	   	Telecommunications 
Equip
86366710	STRYKER CORP	STRY	   	Medical 
Specialties
86387150	STUDENT LOAN MKTG	SLM	   	Finance Companies
86600510	SUMMIT BANCORP	SUB	   	Major Banks
86676210	SUN CO INC	SUN	   	Integrated Oil Companies
86681010	SUN MICROSYSTEMS INC	SUNW	   	Electronic 
Data Processing
86693010	SUNAMERICA INC	SAI	   	Life Insurance
86707110	SUNBEAM CORPORATION	SOC	   	Consumer 
E1ect/Appliance
86732310	SUNDSTRAND CORP	SNS	   	Aerospace
86736310	SUNGARD DATA SYSTEMS I	SNDT	   	E.D.P 
Services
86736F10	SUNGLASS HUT INTL INC	RAYS	   	Other 
Specialty Chains
86791410	SUNTRUST BANKS INC	STI	   	Major Banks
87114F10	SYBRON INTL CORP	SYB	   	Medical 
Specialties
87150810	SYMBOL TECHNOLOGIES	SBL	    	E.D.P 
Peripherals
87160710	SYNOPSYS INC	SNPS	   	Computer Software
87182910	SYSCO CORP	SYY	   	Food Distributors
87237510	TECO ENERGY INC	TE	   	Electric 
Utilities: South
87246910	TIG HOLDINGS INC	TIG	   	Property-Casualty 
Insuran
87254010	TJX COMPANIES INC	TJX	   
	Clothing/Shoe/Access Cha
87264910	TRW INC	TRW	   	Auto Parts: O.E.M
87416110	TALB0TS INC	TLB	   	Clothing/Shoe/Access Cha
87508010	TAMBRANDS INC	TMB	   	Package 
Goods/Cosmetics
87537010	TANDEM COMPUTERS INC	TDM	  	Electronic 
Data Processing
87538210	TANDY CORP	TAN	   	Computer/Video Chains
87913110	TEKTRONIX INC	TEK	   	Precision 
Instruments
87966410	TELLABS INC	TLAB	   	Telecommunications Equip
87986810	TEMPLE-INLAND INC	TIN	   
	Containers/Packaging
88032310	TENCOR INSTRUMENTS	TNCR	   	Electronic 
Produdion Equ
88033G10	TENET HEALTHCARE CORP	THC	   	Hospital 
Management
88037010	TENNECO INC	TEN	   	Multi-Sector Companies
88077010	TERADYNE INC	TER	  	Electronic 
Production Equi
88091510	TERRA INDUSTRIES INC	TRA	   	Agricultural 
Chemicals
86169410	TEXACO INC	TX	   	Integrated Oil Companies
88250810	TEXAS INSTRUMENTS INC	TXN	   
	Semiconductors
88320310	TEXTRON INC	TXT	   	Multi-Sector Companies
88355610	THERMO ELECTRON CORP	TMO	   	Diversified 
Manufacture
88355K20	THERMO CARDIOSYSTEMS	TCA	   	Medical 
Electronics
88553510	3COM CORP	COMS	   	Office/Plant Autamation
88642310	TIDEWATER INC	TDW	   	Marine 
Transportation
89102710	TORCHMARK CORP	TMK	   	Accident & Health 
lnsuranc
89149030	TOSCO CORP	TOS	   	Oil Refining/Marketing
89233510	TOYS R US INC	TOY	   	Other Specialty 
Chains
89348510	TRANSAMERICA CORP	TA	   	Diversified 
Financial Svcs
89352110	TRANSATLANTIC HOLDINGS 	TRH	   	Property-
Casualty Insuran
89419010	TRAVELERS GROUP INC	TRV	 	Diversified 
Financial Svcs
89604710	TRIBUNE CO	TRB	   	Newspapers
89652210	TRINITY INDUSTRIES	TRN	   	Diversified 
Manufacture
89667810	TRINOVA CORP	TNV	    	Diversified 
Manufacture
90212010	TYCO INTL INC	TYC	   	Diversified 
Manufacture
90249410	TYSON FOODS INC -CL A	TYSNA	   
	Meat/Poultry/Fish
90254950	UAL CORP	UAL	   	Airlines
90262K10	UCAR INTERNATIONAL INC	UCR	   	Specialty 
Chemicals
90291110	UST INC	UST	   	Tobacco
90291710	USA WASTE SERVICES INC	UW	   
	Environmental Services
90319210	UNUM CORP	UNM	  	Accident & Health 
Insuranc
90329010	USF&G CORP	FG	   	Property-Casualty 
Insuran
90337T10	USX-U S STEEL GROUP	X	   	Steel/lron 
Ore
90338F10	U S ROROTICS CORP	USRX	   	E.D.P Peripherals
90391210	ULTRAMAR CORP	ULR	   	Oil 
Refining/Marketing
90467710	UNIFI INC	UFI	   	Textiles
90491110	UNICOM CORP	UCM		Eletric Utilities: 
Central
90553010	UNION CAMP CORP	UCC	   	Paper
90558110	UNION CARBIDE CORP	UK	   	Major 
Chemicals
90781810	UNION PACIFIC CORP	UNP	   	Railroads
90864010	UNION TEXAS PETRO HLDG	UTH	   	Oil & Gas 
Productlon
90890610	UNIONBANCAL CORP	UNBC	   	Major Banks
91058110	UNITED HEALTHCARE COR	UNH	   	Managed 
Health Care
91159610	U S BANCORP	USBC	   	Major Banks
91191010	U S HEALTHCARE INC 	USHC		Managed 
Health Care
91270710	U S SURGICAL CORP 	USS		Medical 
Specialties
91288910	U S WEST COMMUNICATION 	USW		Major US 
Telecommunicati
91288920	U S WEST MEDIA GROUP 	UMG		Broadcasting
91301710	UNITED TECHNOLOGIES CO 	UTX		Aerospace
91353810	UNIVERSAL FOODS C0RP	UFC		Specialty 
Foods/Candy
91528910	UNOCAL CORP	UCL		Integrated Oil Companies
91820410	VF CORP		VFC		Apparel
91827010	VLSI TECHNOLOGY INC	VLSI	
	Semiconductors
91913810	VALERO ENERGY CORP	VLO		Oil 
Refining/Marketing
92224R60	VARITY CORP	VAT		Construction/Ag 
Equip/Tru
92260210	VENCOR INC		VC		Hospital 
Management
92552430	VIACOM INC -CL B	VIA.B	
	Movies/Entertainment
92691310	VIKING OFFICE PRODS INC	VKNG	
	Catalog/Specialty Dist
92829810	VISHAY INTRECHNOLOGY	VSH		Electronic 
Components
92886910	VONS COMPANIES INC	VON		Food Chains
92929Q10	WMX TECHNOLOGIES INC	WMX	
	Environmental Services
92977110	WACHOVIA CORP	WB		Major Banks
93114210	WAL-MART STORES	WMT		Discount Chains
93142210	WALGREEN CO	WAG		Drug Store Chains
93439010	WARNACO GROUP INC -CL	WAC		Apparel
93448810	WARNER-LAMBERT CO	WLA		Major 
Pharmaceuticals
93932210	WASHINGTON MUTUAL INC	WAMU		Savings & 
Loan Associatio
93964010	WASHINGTON POST -CL B	WPO		Newspapers
94266310	WATSON PHARMACEUTICA	WATS		Generic 
Drugs
94973G10	WELLPOINT HLTH NETWRK	WLP		Managed 
Hea1th Care
94974010	WELLS FARGO & CO	WFC		Major Banks
95059010	WENDY'S INTERNATIONAL I	WEN		Restaurants
95767410	WESTERN ATLAS INC	WAI		Oilfield 
Services/Equipmen
96154810	WESTVACO CORP	W		Paper
96216610	WEYERHAEUSER CO	WY		Forest Products
96290130	WHEELABRATOR TECHNOL	WTI	
	Environmental Services
96332010	WHIRLPOOLCORP	WHR		Consumer 
Elect/Appliance
96647K10	WHITMAN CORP	WH		Multi-Sector 
Companies
96913310	WILLAMETTE INDUSTRIES	WMTT		Paper
96945710	WILLIAMS COS INC	WMB		Oil/Gas 
Transmission
97428010	WINN-DIXIE STORES INC	WIN		Food Chains
97659210	WISCONSIN CENTRAL TRAN 	WCLX		Railroads
97665710	WISCONSIN ENERGY CORP		WEC	
	Electric Utilities: Central
97738510	WITCOCORP		WIT		Specialty 
Chemicals
98155K10	WORLDCOM INC/GA -CL A		WCOM		Other 
Telecommunications
98181110	WORTHINGTON INDUSTRIE		WTHG	
	Steel/Iron Ore
98252610	WRIGLEY (WM) JR CO		WWY	
	Specialty Foods/Candy
98412110	XEROX CORP		XRX		Office 
Equipment/Supplies
G9075110	TRITON ENERGY LTD		OIL		Oil & Gas 
Production




QUANTUS II
A Portfolio of
PARIBAS TRUST FOR INSTITUTIONS

	Quantus II (sometimes hereinafter referred to as the 
"Portfolio") is a portfolio of the Paribas Trust for 
Institutions (the "Trust"), which is a diversified, open-end 
management investment company.  Its investment objective is 
long-term capital appreciation through investment in a 
diversified portfolio of common stocks and fixed income 
securities.  The stock component of the Portfolio will 
include approximately 50 major capitalization companies 
which are included in an investment universe of 
approximately 500 major capitalization issuers developed by 
the investment adviser (the "Investment Universe").  The 
fixed income component of the Portfolio will include only 
U.S. Treasury securities.  There can be no assurance that 
the Portfolio will achieve its investment objective.  See 
"Quantus II and Its Objective and Policies."  Quantus II is 
designed as an investment vehicle primarily for 
institutional investors, such as tax-qualified retirement 
plans, including pension plans, profit-sharing plans, 401(k) 
plans, and charitable and educational endowments, seeking 
long-term growth of capital.

	The investment adviser of Quantus II is Paribas Asset 
Management, Inc. (the "Investment Adviser"). The distributor 
of shares of Quantus II is Paribas Corporation (the 
"Distributor").

	Shares may be purchased, at net asset value without a 
sales charge, directly from the Distributor.  The minimum 
initial purchase for shares of Quantus II is $1,000,000 and 
the minimum subsequent purchase is $10,000.  See "Purchase 
of Shares."

	This Prospectus sets forth in concise form the 
information about Quantus II that a prospective investor 
should know before investing in Quantus II.  Investors 
should read and retain this Prospectus for future reference. 
Additional information about Quantus II has been filed with 
the Securities and Exchange Commission (the "SEC") in a 
Statement of Additional Information (the "SAI") dated May 1, 
1996.  The Annual Report dated December 31, 1995 contains 
investment and performance information about Quantus II.  
Investors and prospective investors may obtain a copy of the 
SAI and the Annual Report, without charge, by writing to the 
Trust, 787 Seventh Avenue, New York, New York 10019.  The 
SAI has been incorporated by reference into this Prospectus.  
Inquiries regarding the Trust and requests for the SAI and 
the Annual Report can be made by calling (212) 841-3200.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY 
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE 
SECURITIES
COMMISSION NOR HAS THE SECURITIES  AND EXCHANGE COMMISSION
OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The date of this Prospectus is May 1, 1996


	No person has been authorized to give any information 
or to make any representations, other than those contained 
in this Prospectus and in the SAI in connection with the 
offer made by this Prospectus, and, if given or made, such 
other information or representations must not be relied upon 
as having been authorized by the Trust or its Distributor. 
This Prospectus does not constitute an offer to sell or a 
solicitation of an offer to buy by the Trust or by the 
Distributor in any State in which such offer to sell or 
solicitation of any offer to buy may not lawfully be made.


TABLE OF CONTENTS

Page
Expense Table 						3
Financial Highlights 					4
Quantus II and its Objective and Policies 	5
Investment Adviser					7
Administrator						9
Management 							9
Purchase of Shares 					10
Net Asset Value 						11
Redemption of Shares					11
Dividends, Distributions and Taxes 			11
Portfolio Transactions 					12
Shareholder Services 					12
Additional Information 					13
Appendix 							15
Account Application 					17


	Paribas Trust for Institutions is organized as a 
Massachusetts business trust.  It is not a bank nor does it 
offer fiduciary or trust services.  Shares of the Portfolio 
are not equivalent to a bank account.  As with any 
investment in securities, the value of a shareholder's 
investment in the Portfolio will fluctuate.  The shares of 
the Portfolio are not insured by any government agency and 
are not subject to the protection of the Securities Investor 
Protection Corporation.


EXPENSE TABLE


Annual Portfolio Operating Expenses
      (as a percentage of average net assets)
      Management Fees					0.45%
      Other Expenses					 0.53%
      Total Portfolio Operating Expenses		0.98%


Example

		1 year	3 years	5 years 	10 years

You would pay the following expenses
on a $1,000 investment, assuming (1) 5%
annual return and (2) redemption at the
end of each time period		$10	$31	$54	$120


	The purpose of the above table is to assist the 
investor in understanding the various costs and expenses 
that an investor in the Portfolio will bear directly or 
indirectly.  The example set forth above assumes 
reinvestment of all dividends and distributions and uses a 
five percent annual rate of return as mandated by SEC 
regulations.  The example should not be considered a 
representation of past or future expenses, and actual 
expenses and annual rates of return may be more or less than 
those assumed for purposes of the example.  For a more 
complete description of Management Fees, see "Investment 
Adviser."



FINANCIAL HIGHLIGHTS

	The financial information in the table below has been audited in 
conjunction with the audits of the financial statements of the Trust by Arthur 
Andersen LLP, independent public accountants, which financial statements and 
reports thereon are incorporated by reference in the SAI, but not included 
herein.  This table should be read in conjunction with the Trust's financial 
statements and notes thereto, which are an integral part of these financial 
highlights and ratios.  


	For the Year ended December 31,
	1995	1994	1993  	1992	1991	1990	1989	1988	1987	1986*

Net asset value, beginning
of year	$10.37	$10.95	$11.59	12.06	$10.46	$11.79
	$10.80	$10.27	$10.08	$10.00
Income from investment
operations:
Net investment income	0.12	0.12	0.13	0.12	0.22	0.40	0.72	0.32	0.26##
	0.05##
Net realized and unrealized
gain/(loss) on investments	2.74	(0.45)	0.15	0.72	3.12	(0.48)
	1.40	0.54	0.17	0.10
Total from investment
operations	2.86	(0.33)	0.28	0.84	3.34	(0.08)	2.12	0.86	0.43
	0.15
Less distributions:
Distributions from net
investment income	(0.12)	(0.13)	(0.11)	(0.12)	(0.22)
	(0.39)	(0.72)	(0.33)	(0.24)	(0.07)
Distributions from net
realized gain	(0.78)	(0.03)	(0.81)	(1.17)	(1.52)
	(0.75)	(0.41)	  -  	  -  	  -  
Distributions in excess of net
investment income and net
realized gain	-  	  -  	  -  	  -  	  -  	(0.11)	  -  	  -  	  -  
	  -  
Distributions in excess of net
realized gain	-  	(0.09)	  -  	  -  	  -  	  -  	  -  	  -  	  -  
	  -  
Return of capital### 	 -   	  -  	  -  	(0.02)	  -  	  -  	  -  	  -  
	  -  	  -  
Total distributions	(0.90)	(0.25)	(0.92)	(1.31)	(1.74)
	(1.25)	(1.13)	(0.33)	(0.24)	(0.07)
Net asset value, end of year	$12.33	$10.37	$10.95	$11.59
	$12.06	$10.46	$11.79	$10.80	$10.27	$10.08
Total return   	    27.60%	   (3.04)%	  2.58%	   8.10%	  34.28%	   
(1.65)%	 19.78%	   8.40% 	 4.17%	  1.48%

Ratios to average net assets/
supplemental data:
Net assets, end of year 
(in 000's)	$88,463	$74,393	$78,784	$83,325	$88,817
	$56,680	   $62,094	$56,834  	$25,393	  $3,832
Ratio of operating expenses
to average net assets	   0.98%	       0.89%	    0.71%	    0.81%	    
0.82%	      0.92%	     0.85%	     1.19%    0.99%#	  2.57% #
Ratio of net investment income
to average net assets	   1.01%	     1.10%	     1.13%	     1.01%	    
2.06%	     3.57%	    6.00%	     4.10%	   3.14%      0.43% 
Portfolio turnover rate	    206%	      145%	       247%	    154%	   
156%	     198%	     90%	 176%    	134%        20%

________________________
*	The Portfolio commenced operations on April 28, 1986.
 	Annualized.
  	Per share data was computed based upon monthly average shares 
outstanding for this period.
   	Total return represents aggregate total return for the period indicated.
#	Without fees waived and expenses reimbursed by the Investment Adviser, 
the ratios of expenses to average net assets for the year ended December 31, 
1987 and for the period ended December 31, 1986 would have been 1.11% and 
3.55%, respectively.
##	Net investment income/(loss) per share before fees waived and expenses 
reimbursed by the Investment Adviser for the year ended December 31, 1987 and 
for the period ended December 31, 1986 was $0.25 and $(0.08), respectively.
###   Amounts distributed in excess of accumulated net investment income as 
determined for financial statement purposes have been reported as 
distributions from paid-in capital at the fiscal year end in which the 
distribution is made.  Certain of these distributions which are reported as 
being from paid-in capital for financial statement purposes may be reported to 
shareholders as taxable distributions due to differing tax and accounting 
rules. 


QUANTUS II AND ITS OBJECTIVE AND POLICIES


	Quantus II is a portfolio of the Trust, which is a 
diversified, open-end management investment company.  Quantus II 
will be invested primarily in a diversified portfolio of common 
stocks and fixed income securities, and to a lesser extent in 
money market securities.  Quantus II is one of two portfolios of 
the Trust.  Each portfolio is in effect a separate investment fund 
issuing a separate series of shares.  A shareholder's interest is 
limited to the assets of the portfolio in which he holds shares, 
and a shareholder is entitled to a pro rata share of all dividends 
and distributions arising from the net income and capital gains on 
the investments of such portfolio.  Except for those expenses 
borne by the Investment Adviser or the Distributor, each portfolio 
bears the expenses directly attributable to it and a portion of 
the Trust's general administrative expenses allocated on the basis 
of asset size.

Investment Objective

	The investment objective of Quantus II is long-term capital 
appreciation through investment in a diversified portfolio of 
common stocks and fixed income securities.  There can be no 
assurance that the Portfolio will achieve its investment 
objective.

	The Investment Adviser intends to employ a quantitative 
systematic approach to the allocation of the assets of the 
Portfolio between equity, fixed income and money market securities 
as well as to the selection, once that determination has been 
made, of the equity and fixed income securities for investment.  
Under this approach, which has been extensively back-tested by the 
Investment Adviser, such allocations and selections will be based 
on a review of certain macroeconomic data and certain financial 
criteria which the Investment Adviser believes relevant to 
identifying the current status of the equity market cycle and the 
future performance of particular securities.  It is expected that 
over each market cycle the average portion of the Portfolio's 
assets which will be invested in equity securities will be 80% 
(with a maximum of 100%).  When the Investment Adviser believes, 
based on a review of certain macroeconomic data and financial 
criteria, that the stock market is likely to experience a 
downturn, up to 50% of the assets of the Portfolio may be invested 
temporarily in money market securities.  The portion of the 
Portfolio's assets invested in fixed income securities may vary 
from 0% to 50%.

	In order to identify the current state of the equity market 
cycle and interest rate cycles (and thereby make a determination 
as to the allocation of assets between money market, fixed income 
and equity securities), the Investment Adviser will review certain 
macroeconomic data and financial criteria.

	Once the Investment Adviser has reached a conclusion as to 
the allocation of assets based on a review of macroeconomic data 
and financial criteria, the selection of the individual securities 
will be based on the processes described below.

Equities

	The Investment Universe is the basic universe from which 
portfolio securities are selected for Quantus II.  It is comprised 
of the common stocks of approximately 500 issuers generally 
representing U.S. companies having a large market capitalization 
and relatively high liquidity.

	The list of issuers to be included in the Investment 
Universe is determined with the objective to reflect fairly the 
presumably most efficient section of the U.S. equity market.  The 
following selection criteria are taken into consideration for this 
purpose:

	-	market capitalization (i.e., market price per share 
times the total number of shares outstanding);

	-	level and steadiness of trading volumes; and

	-	information supply (mainly research coverage by 
institutional research firms).

	Refinements are made in accordance with what the Investment 
Adviser believes will help the objective.  For example, 
adjustments may be required to avoid overrepresentation of an 
industry relative to the market.

	The Investment Universe is maintained and revised by the 
Investment Adviser.  Issuers are eliminated and replaced to the 
extent that their common stocks do not satisfy, or are expected 
not to satisfy, the selection criteria any longer, due to past or 
coming developments.  Even in the absence of such developments, 
the Investment Adviser revises the Investment Universe at least 
once every 12 months.

	A list of approximately 700 issuers comprising the 
Investment Universe as of December 31, 1995 is set forth in the 
Statement of Additional Information.

	The selection of the individual securities in which the 
assets of the Portfolio allocated to equity securities will be 
invested, will be based on an assessment of three critical factors 
which, according to backtests carried out by the Investment 
Adviser, have independent value and meaningful and reliable 
predictive power. These critical factors are:

	(a)	Value - A measure of current market prices relative to 
expected earnings growth for each individual stock.

	(b)	Price Momentum - An evaluation of market price trends 
for each stock.

	(c)	Earnings Momentum - A measure of the trends in 
earnings expectations issued by all major analysts following a 
particular stock.

	These three factors are used to produce rankings of the 
common stocks comprising the Investment Universe.  Based on an 
analysis of these rankings, the Investment Adviser selects a list 
of approximately 50 stocks generally offering value as well as 
attractive price and earnings momentums.  The portion of the 
Portfolio's assets allocated to equity securities is invested in 
equal amounts in those approximately 50 stocks.  The normal 
frequency of portfolio rebalancings is monthly.  Between these 
normal dates, however, the Investment Adviser may decide to 
undertake adjustments as required by any specific circumstances.

Fixed Income

	The Portfolio's assets allocated to fixed income securities 
will be invested in U.S. Treasury notes and bonds with at least 
one year to maturity.  The Investment Adviser's selection of fixed 
income investments will be based on an analysis of the expected 
future direction of interest rates, using various proprietary 
economic and financial indicators developed by the Investment 
Adviser.

Options and Futures

	In seeking to protect against the effect of changes in 
interest rates or equity security prices that would be adverse to 
the present or prospective position of the Portfolio, the 
Portfolio may employ certain risk management practices, including 
transactions in options, futures contracts and options on futures 
contracts on securities, securities indices and financial 
instruments.  These practices may involve certain risks, which are 
summarized below and in the Appendix.  Certain provisions of the 
Internal Revenue Code may limit the extent to which the Portfolio 
may enter into futures contracts or engage in options 
transactions. See "Taxes" in the SAI.

Options on Securities and Securities Indices

	In an effort to reduce fluctuations in net asset value, the 
Portfolio may write put and call options and purchase put and call 
options on securities that are traded on United States securities 
exchanges and over-the-counter markets and on domestic securities 
indices.  This practice may result in the loss of principal under 
certain market conditions.

Futures Contracts and Options on Futures Contracts

	The Portfolio may enter into contracts for the purchase or 
sale for future delivery of debt securities and futures contracts 
based on financial instruments or stock indices, including any 
index of U.S. securities ("Futures Contracts"), and may purchase 
and write options to buy or sell Futures Contracts ("Options on 
Futures Contracts").  Futures Contracts and Options on Futures 
Contracts to be written or purchased by the Portfolio will be 
traded on U.S. exchanges. These investment techniques are designed 
to hedge against anticipated future changes in interest rates or 
equity security prices which otherwise might either adversely 
affect the value of the Portfolio's securities or adversely affect 
the prices of securities which the Portfolio intends to purchase 
at a later date.  Should interest rates or equity security prices 
move in an unexpected manner, the Portfolio may not achieve the 
anticipated benefits of Futures Contracts or options on Futures 
Contracts or may realize a loss.

	The Board of Trustees has adopted the requirement that 
Futures Contracts and Options on Futures Contracts only be used as 
a hedge and not for speculation.  In addition to this requirement, 
the Board of Trustees has also adopted two percentage restrictions 
on the use of Futures Contracts.  The first restriction is that 
the Portfolio will not enter into any Futures Contracts and/or 
Options on Futures Contracts if immediately thereafter the 
aggregate of the amount of initial margin deposits on all the 
Futures Contracts and Options on Futures Contracts of the 
Portfolio and premiums paid on Options on Futures Contracts would 
exceed five percent of the market value of the Portfolio's total 
assets.  The second restriction is that the aggregate market value 
of the Futures Contracts held by the Portfolio not exceed 50% of 
the market value of the Portfolio's total assets.  Neither of 
these restrictions will be changed by the Board of Trustees 
without considering the policies and concerns of various federal 
and state regulatory agencies.

Other Investment Policies

	Money-Market Securities.  The only money market securities 
in which Quantus II will invest are U.S. Treasury bills, 
certificates of deposit, time deposits, bankers' acceptances, 
commercial paper and repurchase agreements.  Quantus II only will 
invest in a certificate of deposit or bankers' acceptance issued 
by a commercial bank which is organized and operating in the 
United States, has total assets of at least one billion dollars 
and is a member of the Federal Deposit Insurance Corporation.  In 
addition, Quantus II only will invest in commercial paper rated A-
1 by Standard & Poor's Ratings Group or Prime-1 by Moody's 
Investors Service, Inc.

	Investment Restrictions.  The Trust has adopted certain 
restrictions and policies relating to the investment of the assets 
and the activities of Quantus II which are fundamental policies of 
the Portfolio and may not be changed without the approval of the 
holders of a majority of the Portfolio's outstanding voting 
securities.  Among the more significant restrictions, Quantus II 
may not (1) invest 25% or more of its total assets in the 
securities of issuers in any particular industry (other than U.S. 
Government securities or Government agency securities); 
(2) purchase the securities of any one issuer, other than the U.S. 
Government, if immediately after such purchase more than 5% of the 
value of its total assets would be invested in such issuer; (3) 
buy or sell commodities or commodities contracts, except that it 
may purchase and sell (or write) futures contracts on debt 
securities, financial instruments or stock indices and it may 
purchase securities of companies which invest or deal in 
commodities.  Other restrictions are set forth in the SAI under 
the caption "Quantus II and Its Objective and Policies - 
Investment Restrictions."  In addition, as described in the SAI, 
Quantus II may invest in repurchase agreements and may borrow 
amounts up to 10% of its net assets for temporary emergency 
purposes and it may pledge its assets in connection with such 
borrowings.

INVESTMENT ADVISER

	The investment adviser to the Portfolio is Paribas Asset 
Management, Inc.  The Investment Adviser, subject to the general 
supervision of the Trust's Board of Trustees, renders investment 
advice to the Portfolio and is responsible for the overall 
management of its business affairs.  The Investment Adviser 
receives a monthly fee from the Trust at the rates set forth 
below, based on the average daily value of the net assets of the 
Portfolio:



Average Daily Net Assets	Annual Rate

Up to $10 million	0.625%
Over $10 million up to $25 million	0.55%
Over $25 million up to $50 million	0.45%
Over $50 million 	0.35%

	This fee is calculated daily and paid monthly.  For the year 
ended December 31, 1995, the investment advisory fee incurred by 
the Portfolio totalled $382,369 (representing 0.45% of its average 
net assets).

	The principal business address of the Investment Adviser is 
787 Seventh Avenue, New York, New York 10019.  It is a majority-
owned subsidiary of Paribas North America, Inc., which in turn is 
a subsidiary of Compagnie Financiere de Paribas.  The Investment 
Adviser is part of the Paribas Group, a multinational financial 
institution with assets in excess of $100 billion and offices in 
nearly 60 countries.

	The Investment Adviser was organized in the United States in 
1984.  The Investment Adviser and its affiliates currently advise 
over $44 billion in private or foreign investment companies as 
well as numerous pension funds and other institutional investors.

	Securities held by Quantus II may also be held by other 
funds for which the Investment Adviser may act as an adviser or by 
investment advisory clients of the Investment Adviser.  If 
purchases or sales of securities for Quantus II or other funds for 
which the Investment Adviser acts as an investment adviser or for 
its other advisory clients arise for consideration at or about the 
same time, transactions in such securities will be made, insofar 
as feasible, for the respective funds and clients in a manner 
deemed equitable to all.  To the extent that transactions on 
behalf of more than one client of the Investment Adviser during 
the same period may increase the demand for securities being 
purchased or the supply of securities being sold, there may be an 
adverse effect on price or volume.

	Portfolio Manager.  Hubert Goy, Senior Investment Officer 
of Paribas Asset Management, Inc., has been primarily responsible 
for management of the Portfolio's assets since April 1996.  Prior 
to April 1996, he was Senior Vice President to Paribas Asset 
Management S.A., since January 1984; Senior Investment Oficer to 
Paribas Asset management, Inc. since January 1988 and Vice 
President to Banque Paribas from December 1983 to February 19983.  
The Portfolio Manager's management discussion and analysis and 
additional performance information regarding the Portfolio during 
the fiscal year ended December 31, 1995 is included in the Trust's 
Annual Report for 1995.  A copy of the Annual Report may be 
obtained upon request, without charge, by writing or calling the 
Trust at the address or phone number located on page one of this 
Prospectus.

	Expenses.  For the fiscal year ended December 31, 1995, 
total expenses incurred by the Portfolio amounted to $838,908 
(representing 0.98% of its average net assets).

	The Investment Advisory Agreement between the Trust and the 
Investment Adviser obligates the Investment Adviser to provide 
investment advisory services and to pay all compensation of and 
furnish office space for officers and employees of the Trust 
connected with trading and investment management of Quantus II, as 
well as the fees of all trustees of the Trust who are affiliated 
persons of the Investment Adviser.  Each portfolio of the Trust, 
including Quantus II, pays all other expenses incurred in its 
operation and a portion of the Trust's general administrative 
expenses allocated daily on the basis of the asset size of the 
respective portfolios.  Expenses that will be borne directly by 
the portfolios include redemption expenses, expenses of portfolio 
transactions, shareholder servicing costs, expenses of registering 
the shares under Federal and state securities laws, pricing costs 
(including the daily calculation of net asset value), interest, 
certain taxes, charges of the custodian and transfer agent and 
other expenses attributable to a particular portfolio.  Expenses 
that will be allocated on the basis of size of the respective 
portfolios include trustees' fees, legal expenses, state franchise 
taxes, auditing services, costs of printing proxies, shareholder 
reports and prospectuses and SAIs (except to the extent paid by 
the Distributor), SEC fees, accounting costs and other expenses 
properly payable by the Trust and allocable on the basis of size 
of the respective portfolios. Depending upon the nature of the 
lawsuit, litigation costs may be directly applicable to a 
portfolio or allocated on the basis of the size of the respective 
portfolios.  The Board of Trustees of the Trust has determined 
that this is an appropriate method of allocation of expenses.

	As required by the distribution agreement between the Trust 
and the Distributor, the Distributor will pay certain of the 
expenses of the Trust incurred in connection with the offering of 
shares of the portfolios of the Trust, including the expense of 
printing the prospectuses used in connection with the continuous 
offering of such shares.

ADMINISTRATOR

	First Data Investor Services Group, Inc. (the 
"Administrator"), a wholly owned subsidiary of First Data 
Corporation located at One Exchange Place, Boston Massachusetts 
02109, serves as Administrator to the Trust pursuant to an 
agreement with the Trust (the "Administration Agreement").  The 
Trust pays the Administrator for services rendered by the 
Administrator to the Portfolio an aggregate monthly fee computed 
at an annual rate equal to .25 of 1% calculated on the Portfolio's 
net assets and paid monthly, subject to a minimum annual fee of 
$260,000 for the Trust.

	Pursuant to the Administration Agreement, subject to the 
overall authority of the Board of Trustees in accordance with 
Massachusetts law, the Administrator will assist in certain 
aspects of the Trust's and the Portfolio's administration and 
operation.  Among other things, the Administrator will provide to 
the Portfolio statistical and research data, clerical help and 
accounting, data processing, bookkeeping internal auditing, 
corporate secretarial services and certain other services 
(including calculation of the net asset value of the Portfolio's 
shares) required by the Portfolio, prepare reports to shareholders 
and prepare tax returns and reports to and filings with the SEC 
and State Blue Sky authorities.

MANAGEMENT

	The Trustees of the Trust consist of four individuals, three 
of whom are not "interested persons" of the Trust as defined in 
the Investment Company Act of 1940, as amended (the "1940 Act").  
The Trustees of the Trust are responsible for the overall 
supervision of the operations of the Trust and perform the various 
duties imposed on the trustees of investment companies by the 1940 
Act.  The Trustees will elect officers annually.

	The Trustees of the Trust and their principal employment are 
as follows:

GEOFFREY H. MOORE - Director, Center for International Business 
Cycle Research, Graduate School of Business, Columbia University, 
since 1983.

THOMAS C. PRYOR - Director and Vice President, Yeager, Wood and 
Marshall Incorporated, since 1991 and 1992, respectively; 
Consultant, Yeager, Wood and Marshall, Incorporated, from 1986 to 
1992.

JOHN W. ENGLISH - Investment Consultant; Private Investor; Vice 
President and Chief Investment Officer, The Ford Foundation, from 
1981 to 1993.

ALAIN LECLAIR* - Chairman of the Investment Adviser since February 
1986; President of the Investment Adviser from 1984 to February 
1986.

	As described under the caption "Investment Adviser," the 
Investment Adviser has assumed responsibility for the actual 
management of the business affairs of the Portfolio, subject to 
the general supervision of the Trust's Board of Trustees.  The 
responsibility for making decisions to buy, sell or hold a 
particular security rests with the Investment Adviser.  The 
Investment Adviser performs certain of the other administrative 
services and provides all the office space, facilities, equipment 
and necessary personnel for investment management of the 
Portfolio.

	Each Trustee who is not an officer or employee of the 
Investment Adviser or its affiliates will receive an annual fee 
from the Trust of $10,000, payable in four equal quarterly 
installments of $2,500 each (see "Investment Adviser - Expenses").  
All Trustees are reimbursed for any expenses incurred in attending 
meetings of the Board of Trustees of the Trust or of any committee 
thereof.  No officer or employee of the Investment Adviser or its 
affiliates receives any compensation from the Trust for acting as 
a trustee or officer of the Trust.  The Trust has no employees 
other than its officers, all of whom are compensated by the 
Investment Adviser.  

	Sumitomo Life Insurance Company, Foreign Securities 
Investment Division 2-8-1 Yaesu, Chuo-Ku, Tokyo 104, Japan 
beneficially held 100% of the outstanding shares of the Portfolio 
as of April 19, 1996.

PURCHASE OF SHARES

	Shares of Quantus II may be purchased directly from the 
Distributor.  The public offering price for shares of Quantus II 
is the net asset value per share.  There is no sales charge for 
the purchase of shares.

	Purchases of shares are made at the public offering price 
next determined after receipt of an order by the Portfolio's 
transfer agent, Unified Advisers Inc. (the "Transfer Agent"), a 
subsidiary of Unified Holdings, Inc.  The public offering price is 
the net asset value per share.  Net asset value per share will be 
determined in the manner set forth under "Net Asset Value."  The 
minimum initial purchase in Quantus II is $1,000,000.  The minimum 
subsequent purchase of shares of the Portfolio is $10,000.

	Quantus II is primarily designed for institutional 
investors, such as tax-qualified retirement and pension plans, 
profit-sharing plans, 401(k) plans, and charitable and educational 
endowments.

	How to Buy Shares.  To purchase shares of Quantus II, an 
investor must complete and sign the Account Application on page 17 
and pay for the shares being purchased.  No redemptions will be 
permitted until a complete application is on file.  Payment may be 
by mail or by wire.

	Purchase by Mail.  Purchase by mail may be made by check or 
federal reserve draft for the purchase price sent to Paribas Trust 
for Institutions, c/o Unified Advisers, Inc., 429 N. Pennsylvania 
Street, Indianapolis, Indiana  46204-1897, together within the 
case of a new account, a completed Account Application (see page 
17).  Checks and federal reserve drafts should be made payable to 
Paribas Trust for Institutions.  Certified checks are not 
necessary, but checks are accepted subject to collection at full 
face value in United States funds and must be drawn on a United 
States bank.  If an investor purchases shares by check, payment of 
the proceeds of redemption of such shares may be delayed until the 
Trust is reasonably satisfied that the investment has been 
collected (which will take up to 15 days after the purchase of the 
shares).  If the Trust is unable to collect upon the full face 
value of an investor's check, the purchase order will be cancelled 
and the investor may be liable for any losses or fees incurred.

	Purchase by Wire.  Purchase by wire may be made through a 
bank or Federal Funds wire.  To purchase shares of Quantus II by 
wire, the investor must have an application on file and must 
telephone the Transfer Agent at 800-445-1326 to confirm the wire.  
The initial purchase by an investor may be made by wire provided 
that the investor has an application on file. On the telephone the 
following information will be requested by the Transfer Agent: 
name(s) in which the account is registered, account number, amount 
being wired and wiring bank.  Instructions should then be given by 
the investor to its bank to wire the specified amount, along with 
the account name(s) and number to:

Boston Safe Deposit & Trust Company
ABA/Routing #001001234
ACCOUNT #16-677-4
ATTENTION:	PARIBAS TRUST FOR INSTITUTIONS (QUANTUS II)

	General.  All funds will be fully invested in full and 
fractional shares.  The issuance of shares is recorded on the 
books of the Trust.  The Transfer Agent will send to each 
shareholder of record a statement of shares of Quantus II owned 
after each purchase or redemption transaction relating to such 
shareholder.

	Distribution Agreement.  The Distributor is the principal 
underwriter and distributor of shares of the Portfolio and is an 
affiliate of the Investment Adviser.  The Distributor is located 
at 787 Seventh Avenue, New York, New York 10019.  The Distributor 
makes a continuous offering of the Portfolio's shares and bears 
the costs and expenses of printing and distributing any copies of 
any prospectuses and annual and interim reports of the Trust 
(after such items have been prepared and set in type) which are 
used in connection with the offering of shares to selected dealers 
or investors, and the cost and expenses of preparing, printing and 
distributing any other literature used by the Distributor in 
connection with the offering of the shares for sale to the public.



NET ASSET VALUE

	The net asset value per share of Quantus II is calculated as 
of the close of trading on the New York Stock Exchange (the 
"Exchange") each business day (i.e., Monday through Friday) that 
the Exchange is open for trading.  The Exchange is closed on the 
following holidays: New Year's Day, Presidents' Day, Good Friday, 
Memorial Day, Independence Day, Labor Day, Thanksgiving Day and 
Christmas Day.  The net asset value per share for Quantus II is 
computed by dividing the sum of the value of the portfolio 
securities held by the Portfolio plus any cash or other assets 
minus all liabilities by the total number of shares of the 
Portfolio outstanding at such time, rounded to the nearest cent. 
Expenses are accrued daily.

	Securities listed or traded on a national securities 
exchange are valued at the last quoted sales price on the day the 
valuations are made.  Listed securities that are not traded on a 
particular day, and securities regularly traded in the over-the-
counter market, are valued at the price within the limits of the 
latest bid and asked prices deemed by the Trustees, or by persons 
delegated by the Trustees, best to reflect fair value.  Other 
assets and securities are valued in a manner determined in good 
faith by the Trustees, or their delegates, to reflect their fair 
value.

REDEMPTION OF SHARES

	Shareholders have the right to require the Trust to redeem 
their shares upon receipt of a written request in proper form.  
The redemption price of shares of Quantus II is the net asset 
value per share of the Portfolio next determined after the initial 
receipt by the Transfer Agent of proper notice of redemption.  If 
a shareholder redeems all of the shares in its account, it will 
receive, in addition to the net asset value of the shares 
redeemed, a separate check representing all dividends declared but 
unpaid. If a shareholder redeems a portion of the shares in its 
account, the dividends declared but unpaid on the shares redeemed 
will be distributed on the next dividend payment date.

	Redemption.  A shareholder wishing to redeem shares of 
Quantus II may do so without charge by tendering a written request 
for redemption in proper form, as explained below, directly to the 
Transfer Agent, Unified Advisers, Inc., c/o Paribas Trust for 
Institutions, together with the Certificates, if any, issued for 
such shares.  To be in proper form, the redemption request 
requires the signature(s) of all persons in whose name(s) the 
shares are registered, signed exactly as their name(s) appear on 
the Transfer Agent's register or on the certificate(s), as the 
case may be.  In addition, the signatures on the notice must be 
guaranteed by a commercial bank which is a member of the FDIC or a 
trust company or by a member firm of a national or regional 
securities exchange.  A notary public, savings bank or savings and 
loan association is not an acceptable guarantor.  In certain 
instances, the Transfer Agent may require that the request also be 
accompanied or followed by additional documents, such as trust 
instruments, death certificates, appointments as executor or 
administrator, or certificates of corporate authority.  Payment of 
redemption proceeds will be mailed within seven days of receipt by 
the Transfer Agent of a proper notice of redemption.

	At various times the Trust may be requested to redeem shares 
for which it has not yet received good payment.  The Trust may 
delay or cause to be delayed the mailing of a redemption check for 
a period of up to 15 days until it is assured that good payment 
(e.g., cash or certified check drawn on a United States bank) has 
been collected for the purchase of such shares.

DIVIDENDS, DISTRIBUTIONS AND TAXES

	Dividends and Distributions.  It is the Trust's intention to 
continue to distribute substantially all of the net investment 
income, if any, of Quantus II.  For dividend purposes, net 
investment income will consist of all payments of dividends, 
interest and net realized short-term capital gains received by the 
Portfolio less its estimated expenses. Dividends from net 
investment income of the Portfolio are declared annually in 
additional full and fractional shares of the Portfolio at net 
asset value unless the shareholder elects to receive such 
dividends in cash.  In general, all net realized long-term capital 
gains of the Portfolio, if any, are distributed annually after the 
close of the Trust's fiscal year.  Unless the shareholder elects 
to receive dividends or distributions of the Portfolio in cash, 
dividends and capital gains distributions are automatically 
reinvested in shares of the Portfolio at a price equal to the net 
asset value per share of the Portfolio on the day such dividend or 
distribution is paid.

	See "Shareholder Services - Reinvestment of Dividends and 
Capital Gains Distributions" for information as to how to elect 
either dividend reinvestment or cash payments.  Dividends and 
distributions are taxable to shareholders and subject to income 
tax whether they are reinvested or received in cash.

	Taxes.  The Trust has in the past elected the special tax 
treatment afforded regulated investment companies under the 
Internal Revenue Code of 1986, as amended (the "Code").  The 
Portfolio believes that it has qualified for such treatment and 
intends to continue to qualify therefor.  If it so qualifies, in 
any fiscal year with respect to which it distributes at least 90% 
of its net investment income, the Portfolio (but not its 
shareholders) will be relieved of Federal income tax on the amount 
distributed.  The Portfolio contemplates declaring as dividends 
100% of its net investment income.  See "Dividends and 
Distributions."  If in any taxable year the Portfolio does not 
qualify as a regulated investment company, all of its taxable 
income and gains will be taxed to the Portfolio at corporate 
rates. Dividends and distributions will be taxable to shareholders 
as ordinary income or long-term capital gains, whether received in 
cash or reinvested in additional shares of the Portfolio.  Each 
shareholder will be sent a statement which will include the amount 
of dividends paid and will identify whether such dividends 
represent ordinary income or long-term capital gains.

	The Statement of Additional Information describes the effect 
of other provisions of the Code on the Portfolio and its 
shareholders.

	Investors are urged to consult their attorneys or tax 
advisers regarding specific questions as to federal, foreign, 
state or local taxes.

PORTFOLIO TRANSACTIONS

	The Trust has no obligation to deal with any dealer or group 
of dealers in the execution of transactions in portfolio 
securities.  Subject to policy established by the Trustees of the 
Trust, the Investment Adviser is primarily responsible for the 
portfolio decisions of the Portfolio and for placing its portfolio 
transactions.  It is the policy of the Trust to obtain the best 
net results taking into account such factors as price (including 
the applicable dealer spread), the size, type and difficulty of 
the transaction involved, the firm's general execution and 
operational facilities, and the firm's risk in positioning the 
securities involved and the provision of supplemental investment 
research, in most cases consisting of quantitative investment 
research.  While the Investment Adviser generally seeks reasonably 
competitive spreads or commissions, the Portfolio will not 
necessarily be paying the lowest spread or commission available.  
Consistent with the policy of the Portfolio to select brokers 
based on the brokers' ability to get the best price in the market 
and on the quality of the research provided, the Trust will also 
on occasion effect transactions through brokers which have been 
instrumental in the sale of shares of the Portfolio.

SHAREHOLDER SERVICES

	The Trust offers a number of shareholder services designed 
to facilitate investment in its shares at no extra cost to the 
investor.  Below is a description of such services.  Full details 
as to each such service and copies of the various plans described 
below can be obtained from the Trust.

	Investment Account.  Every shareholder has an Investment 
Account and will receive from the Transfer Agent transaction 
reports after each share transaction and dividend reinvestment. 
After the end of each year, each shareholder will receive Federal 
income tax information regarding dividends and capital gains 
distributions.

	Reinvestment of Dividends and Capital Gains Distributions.  
Unless specific instructions are given on the application form as 
to the method of payment of dividends and capital gains 
distributions, they will automatically be reinvested in additional 
shares of the Portfolio.  Such reinvestment will be at the net 
asset value of the shares of the Portfolio as of the close of 
business on the day on which the dividend or distribution is paid.  
Shareholders may elect in writing to receive either their income 
dividends or capital gains distributions, or both, in cash, in 
which event payment will be mailed by the Transfer Agent as soon 
as practicable after the payment date.

	Shareholders may, at any time, notify the Transfer Agent in 
writing that they no longer wish to have their dividends and/or 
distributions reinvested in shares or vice versa and, immediately 
upon receipt by the Transfer Agent of such notice, those 
instructions will be effected.

ADDITIONAL INFORMATION

	Organization of the Trust.  The Trust, a Massachusetts 
business trust, was organized on September 16, 1985 as a 
diversified, open-end management investment company.

	Description of Shares.  The Declaration of Trust provides 
that the Trust will be comprised of separate series each of which 
will consist of a separate portfolio which will issue a separate 
series of shares.  The Trustees are authorized to create an 
unlimited number of series and, with respect to each series, to 
issue an unlimited number of full and fractional shares of a 
single class and to divide or combine the shares into a greater or 
lesser number of shares without thereby changing the proportionate 
beneficial interests in the series. All shares have equal voting 
rights, except that only shares of the respective series are 
entitled to vote on matters concerning only that series.  At the 
date of this Prospectus, there are no existing series of the Trust 
other than the Quantus Equity Managed Portfolio and Quantus II.

	Each share of a series of the Trust has equal dividend, 
distribution, liquidation and voting rights with other shares of 
that series.  Each issued and outstanding share of a series is 
entitled to one vote and to participate equally in dividends and 
distributions declared by the Trust out of that series and in net 
assets of the series remaining upon liquidation or dissolution 
after satisfaction of outstanding liabilities.  The shares of each 
series of the Trust, when issued, will be fully paid and non-
assessable, have no preference, preemptive, conversion, exchange 
or similar rights, and will be freely transferable.  There will 
normally be no meetings of shareholders for the purpose of 
electing Trustees unless and until such time as less than a 
majority of the Trustees holding office have been elected by 
shareholders, at which time the Trustees then in office will call 
a shareholders' meeting for the election of Trustees.  
Shareholders may, in accordance with the Declaration of Trust, 
cause a meeting of shareholders to be held for the purpose of 
voting on the removal of Trustees. Meetings of the shareholders 
will be called upon written request of shareholders holding in the 
aggregate not less than 10% of the outstanding shares having 
voting rights.  Except as set forth above, the Trustees will 
continue to hold office and appoint successor Trustees.  Shares do 
not have cumulative voting rights and the holders of more than 50% 
of the shares of the Trust voting for the election of Trustees can 
elect all of the Trustees of the Trust if they choose to do so and 
in such event the holders of the remaining shares would not be 
able to elect any Trustees.  Shareholders are entitled to redeem 
their shares as set forth under "Redemption of Shares".

	The authorized capital stock of the Trust consists of an 
indefinite number of shares of beneficial interest, having a par 
value of $0.10 per share.

	Custodian, Transfer and Dividend Disbursing Agent.  Boston 
Safe Deposit and Trust Company, located at One Boston Place, 
Boston, Massachusetts 02108, serves as the Portfolio's custodian.  
Unified Advisers, Inc., located at 429 North Pennsylvania Street, 
Indianapolis, Indiana 46204, serves as the Portfolio's transfer 
agent and dividend disbursing agent.  First Data Investor Services 
Group, Inc.  maintains the Portfolio's accounting records.

	Counsel and Auditor.  Rogers & Wells, special securities 
counsel to the Trust, passes upon legal matters for the Trust in 
connection with the shares offered by this Prospectus.  Arthur 
Andersen LLP is the independent public accountant of the Trust.

	Miscellaneous.  The Trust issues to its shareholders semi-
annual reports containing unaudited financial statements and 
annual reports containing financial statements audited by 
independent public accountants approved annually by the 
shareholders.

	This Prospectus does not contain all the information 
included in the Registration Statement filed with the SEC under 
the Securities Act of 1933 with respect to the securities offered 
hereby, certain portions of which have been omitted pursuant to 
the rules and regulations of the SEC.  The SAI, dated May 1, 1996, 
which forms a part of the Registration Statement, is incorporated 
by reference into this Prospectus.  The SAI may be obtained 
without charge as provided on the cover page of this Prospectus.  
The Registration Statement including the exhibits filed therewith 
may be examined at the office of the SEC in Washington, D.C.



	The Declaration of Trust establishing the Trust, dated 
September 16, 1985, a copy of which, together with all amendments 
thereto (the "Declaration"), is on file in the Office of the 
Secretary of the Commonwealth of Massachusetts, provides that the 
name "Paribas Trust for Institutions" refers to the trustees under 
the Declaration collectively as trustees, but not as individuals 
or personally; and no trustee, shareholder, officer, employee or 
agent of the Trust may be held to any personal liability, nor may 
resort be had to their private property for the satisfaction of 
any obligation or claim otherwise in connection with the affairs 
of the Trust but the Trust's property only shall be liable.


APPENDIX

Risk Factors in Options and Futures Transactions

	Risks of Imperfect Correlation of Hedging Instruments with 
the Portfolio.  The Portfolio's ability effectively to hedge all 
or a portion of its assets through transactions in options on 
securities indices and futures contracts on debt securities, 
financial instruments and stock indices and related options 
depends on the degree to which price movements in the index or 
instrument underlying the hedging instrument correlates with price 
movements in the relevant portion of the Portfolio.  In the case 
of futures contracts and options based on an index, the Portfolio 
will not duplicate the components of the index.  In the case of 
financial futures contracts and options thereon, the Portfolio's 
securities that are being hedged will not generally be the type of 
obligation underlying the futures contract.  As a result, the 
correlation will probably not be perfect.  Consequently, the 
Portfolio bears the risk that the price of the Portfolio's 
securities being hedged will not move in the same amount or 
direction as the underlying index or instrument.  For example, if 
the Portfolio purchases a put option on an index and the index 
decreases less than the value of the hedge securities, the 
Portfolio would experience a loss that is not completely offset by 
the put option.  It is also possible that there may be a negative 
correlation between the index or obligation underlying an option 
or futures contract in which the Portfolio has a position and the 
assets the Portfolio is attempting to hedge, which may result in a 
loss on both the Portfolio and the hedging instrument.  The 
Portfolio will invest in a hedging instrument only if, in the 
judgment of the Investment Adviser, there is expected to be a 
sufficient degree of correlation between movements in the value of 
the instrument and movements in the value of the relevant portion 
of the Portfolio's assets for such hedge to be effective. There 
can be no assurance that the Investment Adviser's judgment will be 
accurate.

	Investments in futures contracts and options thereon entail 
the additional risk of imperfect correlation between movements in 
the futures or options price and the price of the underlying index 
or instrument.  The anticipated spread between the prices may be 
distorted due to differences in the nature of the markets, such as 
differences in margin and maintenance requirements, the liquidity 
of such markets and the participation of speculators in the 
futures market.

	Potential Lack of a Liquid Secondary Market.  Prior to 
exercise or expiration, an option position can only be terminated 
by entering into a closing purchase or sale transaction.  This 
requires a secondary market on an exchange for call or put options 
of the same series.  Similarly, positions in futures contracts and 
options thereon may be closed out only on an exchange that 
provides a secondary market for such futures contracts.  While the 
Portfolio will enter into an option or futures position only if 
there appears to be a liquid secondary market or futures 
contracts, there can be no assurance that such a market will exist 
for any particular option or futures contract at any specific 
time.  Thus, it may not be possible to close an option or futures 
position.  In the case of options on a security, the Portfolio 
might be required to exercise options it has purchased and sell or 
purchase the underlying security to realize a profit, and in the 
absence of such a market, the Portfolio would not be able to 
dispose of a security on which it has written a call option until 
the option is exercised or expires.  In the event of adverse price 
movements in a futures position that the Portfolio was unable to 
close out on an exchange, the Portfolio would continue to be 
required to make daily cash payments of variation margin.  In such 
situations, if the Portfolio has insufficient cash it may have to 
sell portfolio securities to meet daily variation margin 
requirements at a time when it may be disadvantageous to do so.  
In addition, while the Portfolio does not intend to take or make 
delivery of the instruments underlying financial futures contracts 
it holds, or to make cash settlement on stock index futures 
contracts it holds, it may be required to do so.  The inability to 
close options and futures positions also could have an adverse 
impact on the Portfolio's ability to hedge its assets effectively.

	The liquidity of a secondary market in a futures contract or 
option thereon may be adversely affected by "daily price 
fluctuation limits" established by exchanges which limit the 
amount of fluctuation in a futures contract price during a single 
trading day.  Once the daily limit has been reached in the 
contract, no trades may be entered into at a price beyond the 
limit, thus preventing the liquidation of open futures or option 
positions. Prices have in the past moved the daily limit on a 
number of consecutive trading days.

	If the Portfolio purchases futures contracts or call options 
thereon to hedge against a possible increase in the price of 
securities before the Portfolio is able to invest its cash in such 
securities, is it possible that the market may instead decline.  
If the Portfolio does not then invest in such securities because 
of concern as to possible further market decline or for other 
reasons, the Portfolio may realize a loss on the futures or option 
contract that is not offset by a reduction in the price of the 
securities purchased.

	Because of low initial margin deposits made upon the opening 
of a futures position, futures transactions involve substantial 
leverage.  As a result, relatively small movements in the price of 
the futures contract can result in substantial unrealized gain or 
losses.  Because the Portfolio will engage in the purchase and 
sale of financial futures contracts solely for hedging purposes, 
however, any losses incurred in connection therewith should, if 
the hedging strategy is successful, be offset in whole or in part 
by increases in the value of securities held by the Portfolio or 
decreases in the price of securities the Portfolio intends to 
acquire.

	Trading and Position Limits.  Each of the exchanges has 
established limitations governing the maximum number of call or 
put options on the same side of the market and the same underlying 
security (whether or not covered) that may be written or held by a 
single investor, whether acting alone or in concert with others 
(regardless of whether such options are written or held on the 
same or different exchanges or are held or written in one or more 
accounts or through one or more brokers).  In addition, the 
Commodity Futures Trading Commission and the various exchanges 
have established limits referred to as "speculative position 
limits" on the maximum net long or net short position that any 
person may hold or control in a particular futures contract.  
"Trading Limits" may be imposed on the maximum number of contracts 
that any person may trade on a particular trading day.  An 
exchange may order the liquidation of positions found to be in 
violation of these limits and it may impose other sanctions or 
restrictions.  The Investment Adviser does not believe that these 
trading and position limits will have any adverse impact on the 
strategies for hedging the Portfolio's assets.

	Risks of Options on Futures Contracts.  The amount of risk 
the Portfolio assumes when it purchases an option on a futures 
contract is the premium paid for the option plus related 
transaction costs.  In order to profit from an option purchased, 
however, it may be necessary to exercise the option and to 
liquidate the underlying futures contract, subject to the risks of 
the availability of a liquid offset market described herein.  In 
addition to the correlation risks discussed above, the purchase of 
an option also entails the risk that changes in the value of the 
underlying futures contract will not be fully reflected in the 
value of the option purchased.  The writer of an option on a 
futures contract is subject to the risks of commodity futures 
trading, including the requirement of variation margin payments, 
as well as the additional risk that movements in the price of the 
option may not correlate with movements in the price of the 
underlying security or futures contract.


QUANTUS II
Account Application
Mail to:
Paribas Trust for Institutions
c/o Unified Advisers, Inc.
429 N. Pennsylvania Street
Indianapolis, Indiana 46204-1897



REGISTRATION: The account should be registered as follows:
__________________________________________________________________
Name of Account
__________________________________________________________________
Street
__________________________________________________________________
	City	State	Zip

Attention:										
CASH DIVIDENDS:  Unless checked below, dividends or distributions 
of the Portfolio will be reinvested automatically in additional 
shares of the Portfolio.

*	Check this box if dividends of investment income are to be 
paid in cash.

*	Check this box if capital gains distributions are to be paid 
in cash.



INITIAL INVESTMENT:  The initial minimum investment is $1,000,000.

*	Please establish an account with the enclosed check for $ 
_______ payable to the Paribas Trust for Institutions.

Taxpayer ID No.*
______________________________
|___|___|___|___|___|___|___|___|___|	*	Citizen of U.S.	
*	Other (Please specify)

(____)___________________
Area Code     Telephone

________________________

 *	Under the Federal income tax law, you may be subject to 
certain penalties as well as withholding of tax at a 31% rate if 
you do not provide a correct number.

	The Internal Revenue Service requires us to withhold 31% 
from all dividends, capital gains, and liquidations unless you 
comply with two conditions: (1) you have given us your Social 
Security or Taxpayer ID Number (TIN), and (2) you have certified 
that you are not subject to backup withholding.

CERTIFICATION:  I ratify any instructions given pursuant to the 
authorizations described in this Application and agree that 
neither Paribas Trust for Institutions, Paribas Asset Management, 
Inc. nor First Data Investor Services Group, Inc. will be liable 
for any loss, cost or expense resulting from acting upon such 
authorizations or instructions (given by telephone or in writing) 
when believed to be genuine, nor will they incur any liability for 
any action committed or omitted in good faith.

	I am of legal age, have received and read the current 
Prospectus of Quantus II and agree to its terms.  I understand the 
investment objective and program of Quantus II and have determined 
that Quantus II is a suitable investment based upon my investment 
needs and financial situation.

	Under penalties of perjury, I certify that (1) my Social 
Security or Taxpayer ID Number provided is correct or that I have 
applied for such a number and am waiting for it to be issued and 
(2) that I am not subject to backup withholding because either 
(a) I am exempt from backup withholding, or (b) I have not been 
notified that I am subject to backup withholding for failing to 
report all interest or dividends, or (c) the IRS has notified me 
that I am no longer subject to backup withholding.

	Strike out the language in clause (2) above if the IRS has 
notified you that you ARE subject to backup withholding and you 
have not since received notice from the IRS that backup 
withholding has terminated.


_________________________	______________________________
	Signature	Title

_________________________	______________________________
	Signature	Title


This form when completed should be
mailed to:

Paribas Trust for Institutions
c/o Unified Advisers, Inc.
429 N. Pennsylvania Street
Indianapolis, Indiana 46204-1897



INVESTMENT ADVISER
Paribas Asset Management, Inc.
787 Seventh Avenue
New York, New York, 10019


ADMINISTRATOR
First Data Investor Services Group, Inc.
One Exchange Place
Boston, Massachusetts  02109


CUSTODIAN
Boston Safe Deposit and Trust Company
One Boston Place
Boston, Massachusetts 02108


TRANSFER AGENT
Unified Advisers, Inc.
429 N. Pennsylvania Street
Indianapolis, Indiana 46204-1897


LEGAL COUNSEL
Rogers & Wells
200 Park Avenue
New York, New York  10166


AUDITORS
Arthur Andersen LLP
1345 Avenue of the Americas
New York, New York  10105



QUANTUS II

(a Portfolio of Paribas
Trust for Institutions)





___________

PROSPECTUS
___________

INVESTMENT ADVISER
Paribas Asset Management, Inc.
787 Seventh Avenue
New York, New York  10019



DISTRIBUTOR
Paribas Corporation
787 Seventh Avenue
New York, New York  10019



May 1, 1996



This Prospectus should be retained for future reference.



STATEMENT OF ADDITIONAL INFORMATION


QUANTUS II


A Portfolio of
PARIBAS TRUST FOR INSTITUTIONS
787 Seventh Avenue
New York, New York 10019


For general information and purchases call
(212) 841-3200


	Quantus II (or the "Portfolio") is a portfolio of the 
Paribas Trust for Institutions (the "Trust"), which is a 
professionally managed, diversified, open-end management 
investment company comprised of two portfolios.

	This Statement of Additional Information (the "SAI") 
of Quantus II is not a prospectus and should be read in 
conjunction with the Prospectus of Quantus II, dated May 1, 
1996 (the "Prospectus"), which has been filed with the 
Securities and Exchange Commission (the "SEC") and is 
available upon oral or written request without charge.  
Copies of the Prospectus can be obtained by calling or by 
writing the Trust at the above telephone number or address.  
This SAI has been incorporated by reference into the 
Prospectus.

	The date of this SAI is May 1, 1996.



TABLE OF CONTENTS


Page

Quantus II and Its Objective and Policies			3
Management of Quantus II					5
Investment Advisory and Other Services			6
Portfolio Transactions						7
Purchase of Shares						8
Redemption of Shares						8
Taxes									8
Distributor								9
Financial Information						10
Issuers Comprising the Index					11



QUANTUS II
AND ITS OBJECTIVE AND POLICIES


	Reference is made to "Quantus II and Its Objective and 
Policies" in the Prospectus for a discussion of the 
investment objective and policies of Quantus II.

	The Trust is a diversified, open-end management 
investment company.  The shares offered by the Prospectus 
are shares of beneficial interest of Quantus II, par value 
$0.10 per share. 

	The Investment Universe.  As described in the 
Prospectus, the selection of major U.S. issuers to be 
included in the investment universe ("Investment Universe") 
is led by an analysis of the following three criteria:

	-	market capitalization.  Priority is given to 
issuers having the largest market capitalization in the U.S. 
equity market.

	-	liquidity.  The Investment Adviser's 
appreciation of the liquidity of a particular common stock 
is based on how it will be possible to implement the 
investment strategy by having transactions executed with no 
or a very limited market impact.  The liquidity analysis is 
based on reviewing the float of the issue as well as the 
minimum, mean and average trading volumes over a meaningful 
reference period.

	-	information supply.  An issuer will be 
considered to have inadequate research coverage if fewer 
than 10 major security analysts regularly issue research 
reports regarding the issuer.

	Additional refinements are made in accordance with 
what Paribas Asset Management, Inc. (the "Investment 
Adviser") believes will help achieve a fair representation 
of the presumably most efficient section of the U.S. equity 
market.  In this respect, adjustments are made to take 
account of expected developments regarding certain issuers, 
or avoid overrepresentation of an industry relative to its 
weight in the Standard & Poor's  Composite Index of 500 
Stocks ("the S&P 500"). For example, the utility industry's 
weight in the Investment Universe is close to that of the 
S&P 500 whereas it would be overrepresented based on the 
sole criteria mentioned above.

	Such construction process usually enables a typical 
stock in the Investment Universe to offer better 
characteristics than the S&P 500 in terms of market 
capitalization, liquidity and analyst coverage.

	Investment Restrictions.  In addition to the 
investment restrictions set forth in the Prospectus, the 
Trust has adopted the following investment restrictions for 
Quantus II, none of which may be changed without the 
approval of a majority of the outstanding shares of the 
Portfolio, which for this purpose means the vote of (i) 67% 
or more of the Portfolio's shares present at a meeting, if 
the holders of more than 50% of the outstanding shares of 
the Portfolio are present or represented by proxy, or (ii) 
more than 50% of the Portfolio's outstanding shares, 
whichever is less.  The Portfolio may not:

	(a)	Make investments for the purpose of exercising 
control or management;

	(b)	Purchase securities of other investment 
companies, except in connection with a merger, 
consolidation, acquisition or reorganization;

	(c)	Invest in securities (other than securities 
issued by the U.S. Government or any of its agencies or 
instrumentalities) of any issuer if immediately after such 
acquisition the Portfolio would then own more than 10% of 
the voting securities of that issuer;

	(d)	Invest in interests in oil, gas or other mineral 
exploration or development programs, except that the 
Portfolio may invest in securities of issuers which invest 
or deal in any of the above;

	(e)	Invest in real estate or in interests in real 
estate, but the Portfolio may purchase readily marketable 
securities of companies holding real estate or interests 
therein;

	(f)	Purchase any securities on margin, except for 
use of short-term credit necessary for clearance of purchase 
and sales of portfolio securities and the maintenance of 
margin with respect to futures contracts;

	(g)	Make short sales of securities or maintain a 
short position or write, purchase or sell puts, calls, 
straddles, spreads or combinations thereof, except that the 
Portfolio may write and purchase put and call options on 
futures contracts and write and purchase put and call 
options on securities traded on United States securities 
exchanges and over-the-counter markets and on domestic 
securities indices;

	(h)	Make loans to other persons, provided that the 
Portfolio may purchase debt obligations in accordance with 
its investment objective and policies and the Portfolio may 
make loans of portfolio securities provided, among other 
things, that the value of the securities loaned does not 
exceed 10% of the value of the Portfolio's net assets (the 
acquisition of bonds, debentures or other corporate debt 
securities which are not publicly distributed is considered 
to be the making of a loan under the Investment Company Act 
of 1940);

	(i)	Borrow amounts in excess of 10% of the total 
assets of the Portfolio, taken at market value, and then 
only from banks as a temporary measure for extraordinary or 
emergency purposes (usually only "leveraged" investment 
companies may borrow in excess of 5% of their assets; 
however, the Portfolio will not borrow to increase income 
but only to meet redemption requests which might otherwise 
require untimely dispositions of portfolio securities.  In 
addition, the Portfolio will not purchase securities while 
borrowings are outstanding);

	(j)	Mortgage, pledge, hypothecate or in any manner 
transfer as security for indebtedness any securities owned 
or held by the Portfolio except as may be necessary in 
connection with borrowings mentioned in (i) above, and then 
such mortgaging, pledging or hypothecating may not exceed 
10% of the Portfolio's total assets, taken at market value;

	(k)	Invest in securities with legal or contractual 
restrictions on resale or for which no readily available 
market exists if, regarding all such securities, more than 
5% of the total assets of the Portfolio (taken at market 
value) would be invested in such securities;

	(l)	Act as an underwriter of securities, except 
insofar as the Portfolio may be deemed an underwriter under  
the Securities  Act  of 1933 in selling portfolio 
securities; and

	(m)	Invest in securities of any one issuer with a 
record of less than three years of continuous operation, 
including predecessors, except obligations issued or 
guaranteed by the United States Government or its agencies.

	Repurchase Agreements.  The Portfolio may invest in 
U.S. Government securities pursuant to repurchase 
agreements. Repurchase agreements may be entered into only 
with a member bank of the Federal Reserve System or primary 
dealer in U.S. Government securities.  Under such 
agreements, the bank or primary dealer agrees, upon entering 
into the contract, to repurchase the security at a mutually 
agreed upon time and price, thereby determining the yield 
during the term of the agreement.  This results in a fixed 
rate of return insulated from market fluctuations during 
such period.  Except with regard to repurchase agreements 
secured by U.S. government securities, in the event of 
default or bankruptcy by the seller under a repurchase 
agreement construed to be a collateralized loan, the Trust 
may suffer time delays and incur costs or possible losses in 
connection with such transactions.  Management expects that 
no more than 5 percent of the Portfolio's net assets will be 
subject to repurchase agreements during the coming year.

	Lending of Portfolio Securities.  Subject to 
investment restriction (h) above, the Portfolio from time to 
time may lend securities from its portfolio to brokers, 
dealers and financial institutions and receive as collateral 
cash or United States Treasury securities which at all times 
while the loan is outstanding will be maintained in amounts 
equal to at least 100% of the current market value of the 
loaned securities.  Any cash collateral will be invested in 
short-term securities, which will increase the current 
income of the Portfolio making the loan.  Such loans, which 
will not have terms longer than 30 days, will be terminable 
at any time.  The Trust will have the right to regain record 
ownership of loaned securities to exercise beneficial rights 
such as voting rights, subscription rights and rights to 
dividends, interest or other distributions.  The Portfolio 
may pay reasonable fees to persons unaffiliated with the 
Trust for services in arranging such loans.  In the event of 
a default by the borrower, the Trust may suffer time delays 
and incur costs or possible losses in connection with the 
disposition of the collateral.  The Trust expects that no 
more than 5 percent of the Portfolio's net assets will be 
committed to the lending of portfolio securities during the 
coming year.

	Portfolio Turnover.  The Investment Adviser effects 
portfolio transactions without regard to holding period if, 
in its judgment, such transactions are advisable in light of 
a change in circumstances in general market, economic or 
financial conditions.  As a result of its investment 
policies, the Portfolio may engage in a substantial number 
of portfolio transactions.  The portfolio turnover rate is 
calculated by dividing the lesser of the Portfolio's annual 
sales or purchases of portfolio securities (exclusive of 
purchases or sales of securities the maturities of which at 
the time of purchase were one year or less) by the monthly 
average value of the securities in the portfolio during the 
year.  High portfolio turnover results in correspondingly 
higher brokerage commissions and dealer spreads, both of 
which are borne directly by the Portfolio, and may increase 
the percentage of the Portfolio's distributions which are 
taxable to shareholders as ordinary income. 	For the 
fiscal years ended December 31, 1994 and 1995, the portfolio 
turnover rates were 145% and 206%, respectively.  See 
"Portfolio Transactions" and "Taxes."


MANAGEMENT OF QUANTUS II

	The Trustees and executive officers of the Trust, 
their ages and principal occupations for the last five years 
are set forth below.  Unless otherwise noted, the address of 
each Trustee and officer is 787 Seventh Avenue, New York, 
New York 10019;

Alain Leclair - Chairman of the Board and Trustee,* Age 56, 
Chairman of the Investment Adviser since February 1986; 
President of the Investment Adviser from 1984 to February 
1986.

Geoffrey H. Moore - Trustee, Age 82, 475 Riverside Drive, 
New York, New York 10027; Director, Center for International 
Business Cycle Research, Graduate School of Business, 
Columbia University, since 1983.

Thomas C. Pryor - Trustee, Age 76, 630 Fifth Avenue, New 
York, New York 10111; Director and Vice President, Yeager, 
Wood and Marshall Incorporated (investment counsel), since 
1991 and 1992, respectively; Consultant, Yeager, Wood and 
Marshall Incorporated, from 1986 to 1992.

John W. English - Trustee, Age 63, Investment Consultant.  
Private Investor; Vice President and Chief Investment 
Officer, The Ford Foundation, from 1981 to 1993.

Kurt Braitberg - Secretary and Treasurer, Age 28, Manager, 
Portfolio Administration, Paribas Asset Management from 
1994; Fund Accounting/Trade Settlements for Oppenheimer 
Management Corp. from October 1990 to June 1994.

	Pursuant to the terms of the Trust's Investment 
Advisory Agreement, the Investment Adviser pays all 
compensation of officers of the Trust as well as the fees of 
all Trustees of the Trust who are affiliated persons of the 
Investment Adviser. The Trust pays each unaffiliated Trustee 
an annual fee of $10,000, payable in four equal quarterly 
installments of $2,500 each.  The Trust pays all Trustees 
the actual out-of-pocket expenses related to their 
attendance at meetings.  No officer or employee of the 
Investment Adviser will receives any compensation from the 
Trust for acting as a trustee or officer of the Trust.

	Trustee Compensation.  Officers of the Trust receive 
no compensation from the Trust.  The Trustees waived the 
portion of their 1995 fees attributable to the Quantus 
Equity Managed Portfolio.  



									TOTAL
								COMPENSATION
				   AGGREGATE	FROM THE TRUST
NAME OF PERSON		 COMPENSATION 	AND COMPLEX PAID
  AND POSITION		FROM THE TRUST		TO TRUSTEES


John W. English				$9694			$9694
	Trustee

Thomas C. Pryor				$9694			$9694
	Trustee

Dr. Geoffrey Moore			$9694			$9694
	Trustee

Alain Leclair				  -0-			  -0-
	Trustee

	As of April 22, 1996, all outstanding shares of the 
Portfolio are beneficially held by Sumitomo Life Insurance 
Company, Foreign Securities Investment Division, 2-8-1 
Yaesu, Chuo-Ku, Tokyo 104, Japan.

INVESTMENT ADVISORY AND OTHER SERVICES

	The Trust has entered into an Investment Advisory 
Agreement with respect to Quantus II with the Investment 
Adviser. The principal business address of the Investment 
Adviser, Paribas Asset Management, Inc., is 787 Seventh 
Avenue, New York, New York 10019.

	While the Investment Adviser is at all times subject 
to the direction of the Board of Trustees of the Trust, 
under the investment advisory agreement, the Investment 
Adviser is responsible for the actual management of the 
Portfolio and reviews the holdings in light of its own 
research analysis and analyses from other relevant sources.  
The responsibility for making decisions to buy, sell or hold 
a particular security rests with the Investment Adviser.  
The Investment Adviser provides the portfolio manager for 
the Trust, who considers analyses from various sources, 
makes the necessary investment decisions and places 
transactions accordingly.  The Investment Adviser is also 
obligated to perform certain administrative and management 
services for the Trust and is obligated to provide all the 
office space, facilities, equipment and personnel necessary 
to perform its duties under the agreement.

	Advisory Fee.  As compensation for the services 
rendered by the Investment Adviser under the investment 
advisory agreement, the Trust pays the Investment Adviser a 
fee, calculated daily and paid monthly, as set forth below, 
based on the average daily value of the net assets of the 
Portfolio:

Average Daily Net Assets		Annual Rate

Up to $10 million				0.625%
Over $10 million up to $25 million	0.55%
Over $25 million up to $50 million	0.45%
Over $50 million				0.35%

	During the fiscal years ended December 31, 1995, 1994 
and 1993, the Portfolio paid the Investment Adviser 
$382,369, $355,054 and $368,298, respectively, pursuant to 
the investment advisory agreement.

	Duration and Termination.  Unless earlier terminated 
as described below, the investment advisory agreement will 
continue in effect from year to year if approved annually 
(a) by the Trustees of the Trust or by a majority of the 
outstanding voting shares of the Portfolio and (b) by a 
majority of the Trustees who are not parties to such 
contract or interested persons (as defined in the Investment 
Company Act of 1940) of any such party.  Such contract 
terminates upon assignment and may be terminated without 
penalty on 60 days' written notice at the option of either 
party thereto or by the vote of the shareholders of the 
Portfolio.

	Boston Safe Deposit and Trust Company, One Boston 
Place, Boston, Massachusetts 02108, is the Portfolio's 
custodian.  Unified Advisers, Inc., 429 N. Pennsylvania 
Street, Indianapolis, Indiana 46204-1897 serves as the 
Portfolio's transfer agent and dividend disbursing agent.  

	First Data Investor Services Group, Inc. ("First 
Data")  serves as the Portfolio's administrator and 
maintains the Portfolio's accounting records.  See 
"Administrator" in the Prospectus for information concerning 
the provisions of the administrative agreement.  For the 
fiscal year ended December 31, 1995, the Portfolio paid 
administrative fees of $252,059 to First Data.  For the 
period May 6, 1994 through December 31, 1994, the Portfolio 
paid First Data administrative fees of $154,062.  Prior to 
the close of business on May 6, 1994, The Boston Company 
Advisors, Inc. ("Boston Advisors"), an indirect wholly owned 
subsidiary of Mellon Bank Corporation, served as the 
Portfolio's administrator.  For the period January 1, 1994 
to May 5, 1994, the Portfolio paid Boston Advisors 
administrative fees of $41,463.  For the fiscal year ended 
December 31, 1993, the Portfolio paid administrative fees of 
$122,485 to Boston Advisors.

	Rogers & Wells, counsel to the Trust, passes upon 
legal matters for the Trust in connection with the shares 
offered by the Prospectus.

	Arthur Andersen LLP is the independent public 
accountant of the Trust.

PORTFOLIO TRANSACTIONS

	The Portfolio has no obligation to deal with any 
dealer or group of dealers in the execution of transactions 
in portfolio securities.  Subject to policy established by 
the Trustees, the Investment Adviser is primarily 
responsible for the portfolio decisions of the Portfolio and 
the placing of its portfolio transactions.  In placing 
orders, it is the policy of the Portfolio to obtain the best 
net results, taking into account such factors as price 
(including the applicable dealer spread), the size, type and 
difficulty of the transaction involved, the firm's general 
execution and operational facilities, and the firm's risk in 
positioning the securities involved.  While the Investment 
Adviser generally seeks reasonably competitive spreads or 
commissions, the Portfolio will not necessarily be paying 
the lowest spread or commission available.  The cost of 
portfolio securities transactions of the Portfolio will 
primarily consist of brokerage commissions and dealer or 
underwriter spreads.

	The debt securities in which the Portfolio may invest 
will be traded primarily in the over-the-counter market.  
Where possible, the Portfolio will deal directly with the 
dealers who make a market in the securities involved except 
in those circumstances where better prices and execution are 
available elsewhere.  Such dealers usually are acting as 
principal for their own account.  On occasion, securities 
may be purchased directly from the issuer.  Money market 
securities are generally traded on a net basis and do not 
normally involve either brokerage commissions or transfer 
taxes.

	Certain court decisions have raised questions as to 
whether investment companies should seek to "recapture" 
brokerage commissions and underwriting and dealer spreads by 
effecting their purchases and sales through affiliated 
entities.  In order to effect such an arrangement, the Trust 
would be required to seek an exemption from the 1940 Act so 
that it could engage in principal transactions with 
affiliates.  The Board of Trustees has considered the 
possibilities of seeking to recapture spreads for the 
benefit of the Trust and, after reviewing factors deemed 
relevant, has made a determination not to seek such 
recapture at this time.  The Board will reconsider this 
matter from time to time.  The Trust will take such steps as 
may be necessary to effect recapture, including the filing 
of applications for exemption under the 1940 Act, if the 
Trustees should determine that recapture is in the best 
interests of the Trust or otherwise required by developments 
in the law.

	While the Investment Adviser seeks to obtain the most 
favorable net results in effecting transactions in the 
Trust's portfolio securities, brokers who provide 
supplemental investment research to the Investment Adviser 
may receive orders for transactions by the Trust.  Such 
supplemental research services ordinarily consist of 
assessments and analysis of the business or prospects of a 
company, industry or economic sector.  If, in the judgment 
of the Investment Adviser, the Trust will be benefitted by 
such supplemental research services, the Investment Adviser 
is authorized to pay commissions to brokers furnishing such 
services which are in excess of commissions which another 
broker may charge for the same transaction.  Information so 
received will be in addition to and not in lieu of the 
services required to be performed by the Investment Adviser 
under its investment advisory agreement.  The expenses of 
the Investment Adviser will not necessarily be reduced as a 
result of the receipt of such supplemental information.  In 
some cases, the Investment Adviser may use such supplemental 
research in providing investment advice to its other 
investment advisory accounts.

	For the fiscal years ended December 31, 1995, 1994 and 
1993 the Trust paid brokerage commissions in the amounts of 
$380,007, $330,155 and $479,597, respectively, in connection 
with the Portfolio's portfolio transactions.  During the 
fiscal years ended December 31, 1995, 1994 and 1993, the 
Trust paid no brokerage commissions with respect to 
affiliated portfolio transactions.

PURCHASE OF SHARES

	As described in the Prospectus under the caption 
"Purchase of Shares," the shares of the Portfolio will be 
offered on a continuous basis, at a price equal to the net 
asset value per share.

	Net Asset Value.  As is discussed in the Prospectus, 
the net asset value of the shares is calculated as of the 
close of trading on the New York Stock Exchange (the 
"Exchange") each day the Exchange is open for trading.  The 
Exchange is not open for trading on the following holidays: 
New Year's Day, Presidents' Day, Good Friday, Memorial Day, 
Independence Day, Labor Day, Thanksgiving Day and Christmas 
Day.  The net asset value per share is computed by dividing 
the sum of the value of the portfolio securities held by the 
Portfolio plus any cash or other assets minus all 
liabilities by the total number of shares outstanding at 
such time, rounded to the nearest cent.  Expenses are 
accrued daily.




REDEMPTION OF SHARES

	Reference is made to "Redemption of Shares" in the 
Prospectus for a discussion of the redemption and repurchase 
rights of shareholders.

	The right to redeem shares or to receive payment with 
respect to any such redemption may only be suspended for any 
period during which trading on the Exchange is restricted as 
determined by the SEC or such Exchange is closed (other than 
customary weekend and holiday closings), for any period 
during which an emergency exists as defined by the SEC as a 
result of which disposal of portfolio securities or 
determination of the net asset value of the Portfolio is not 
reasonably practicable, and for such other periods as the 
SEC may by order permit for the protection of the 
shareholders of the Portfolio.


TAXES

Federal

	Dividends will be taxable to shareholders as ordinary 
income, except for (a) such portion as may exceed a 
shareholder's ratable share of the Portfolio's earnings and 
profits as determined for tax purposes (which may differ 
from net income for book purposes), which excess will be 
applied against and reduce the shareholder's cost or other 
tax basis for his shares and (b) amounts representing 
distributions of net realized long-term capital gains, if 
any.  If the amount described in (a) above were to exceed 
the shareholder's cost or other tax basis for his shares, 
the excess over basis would be treated as gain from the sale 
or exchange of such shares.  Dividends and distributions are 
taxable as described, whether received in cash or reinvested 
in additional shares of the Portfolio.

	In order to qualify for tax treatment as a regulated 
investment company under the Internal Revenue Code of 1986, 
as amended (the "Code"), the Portfolio is required, among 
other things, to derive less than 30% of its gross income 
from the sale or other disposition of securities and certain 
options, futures or forward contracts held for less than 
three months.  If in any taxable year the Portfolio does not 
qualify as a regulated investment company, all its taxable 
income and gains will be taxed to the Portfolio at corporate 
rates.

	The Code imposes a 4% nondeductible excise tax on a 
regulated investment company, such as the Portfolio, if it 
does not distribute to its shareholders during the calendar 
year an amount equal to at least 98% of the Portfolio's net 
investment income, with certain adjustments, for such 
calendar year, plus at least 98% of the Portfolio's capital 
gain net income for the 12-month period ending, as a general 
rule, on October 31 of such calendar year. For this purpose, 
any income or gain retained by the Portfolio that is subject 
to corporate income tax will be treated as having been 
distributed at year-end.  In addition, an amount equal to 
any undistributed net investment income or capital gain net 
income from the previous calendar year must also be 
distributed to avoid the excise tax.  The excise tax is 
imposed on the amount by which the Portfolio does not meet 
the foregoing distribution requirements. While the Portfolio 
intends to make distributions necessary to avoid imposition 
of the 4% excise tax, there can be no assurance that 
sufficient amounts of taxable income and gain will be 
distributed to avoid imposition of the tax.

	The Portfolio's investment practices related to 
certain risk management transactions may be subject to 
special provisions of the Code that, among other things, 
will defer the use of certain losses of the Portfolio and 
affect the holding period of the securities held by the 
Portfolio and the character of the gains or losses realized 
by the Portfolio.  These rules could therefore affect the 
amount, timing and character of distributions to 
shareholders.  These provisions also require the Portfolio 
to mark-to-market certain types of the positions in its 
portfolio (i.e., treat them as if they were closed out), 
which may cause the Portfolio to recognize income without 
receiving cash with which to make distributions in amounts 
necessary to satisfy the distribution requirements for 
avoiding income and excise taxes.  (See the Prospectus - 
"Dividends, Distributions and Taxes.")  The Portfolio will 
monitor its transactions and may make certain tax elections 
in order to mitigate the effect of these rules and prevent 
disqualification of the Portfolio as a regulated investment 
company.

	Some shareholders may be subject to a 31% withholding 
on reportable dividends, capital gains distributions and 
redemption payments ("backup withholding").  Generally, 
shareholders subject to backup withholding will be certain 
non-corporate shareholders for whom a taxpayer 
identification number is not on file with the Trust or who, 
to the Trust's knowledge, have furnished an incorrect 
number.  In order to avoid backup withholding, when 
establishing an account, such an investor must certify under 
penalties of perjury that such number is correct and that he 
is not subject to backup withholding.

	Any dividend declared by the Portfolio in October, 
November or December of any year and made payable to 
shareholders of record on a specified date in such a month 
will be deemed to be received by such shareholders on 
December 31 of such year and to be paid by the Portfolio not 
later than December 31 of such year if actually paid during 
the following January.  Accordingly, these dividends will be 
taxable to shareholders in the year declared and not in the 
year in which shareholders actually received the dividend.

State and Local

	Depending upon the extent of the Portfolio's 
activities in those states and localities in which its 
offices are maintained or in which its agents or independent 
contractors are located, the Portfolio may be subject to the 
tax laws of such states or localities.  In addition, in 
those states and localities that have income tax laws, the 
treatment of the Portfolio and its shareholders under such 
laws may differ from their treatment under the Federal 
income tax laws.  Under state or local law, distributions of 
net investment income may be taxable to shareholders as 
dividend income even though a portion of such distributions 
may be derived from interest on U.S. Government obligations 
which, if realized directly, would be exempt from such 
income taxes.  Shareholders are advised to consult their tax 
advisers concerning the application of state and local 
taxes.


DISTRIBUTOR

	The Trust has entered into a Distribution Agreement 
(the "Distribution Agreement") with Paribas Corporation (the 
"Distributor").  The Distribution Agreement provides that 
the Trust will indemnify the Distributor against civil 
liabilities, including liabilities incurred under the 
Securities Act of 1933.  The Distribution Agreement is 
subject to the same renewal requirements and termination 
provisions described under "Investment Advisory and Other 
Services."  Pursuant to the terms of the Distribution 
Agreement, the Distributor serves as the principal 
underwriter and distributor of the shares of the Portfolio, 
and in that capacity makes a continuous offering of the 
shares and bears the costs and expenses of printing and 
distributing any copies of any prospectuses and annual and 
interim reports of the Trust (after such items have been 
prepared and set in type) which are used in connection with 
the offering of shares to investors, and the cost and 
expenses of preparing, printing and distributing any other 
literature used by the Distributor in connection with the 
offering of the shares for sale to the public.


FINANCIAL INFORMATION

	The statements of assets and liabilities of the Trust 
comprising, respectively, Quantus II and Quantus Equity 
Managed Portfolio and the portfolios of investments, as of 
December 31, 1995, and the related statements of operations 
and changes in net assets, together with the notes to 
financial statements and the report of independent public 
accountants, all as set forth in the Trust's 1995 Annual 
Report to Shareholders are incorporated by reference into 
this SAI.  No other information or statement contained in 
the annual report, other than those referred to above, is 
incorporated by reference or is a part of this SAI.




PARIBAS TRUST FOR INSTITUTIONS
INVESTMENT UNIVERSE
Issuers Comprising the
Investment Universe as of December 31, 1995
00088610	ADC TELECOMMUNICATION	ADCT		 
	Telecommunications Equip
00105510	AFLAC INC	AFL	 		Accident & Health 
Insuranc
00108410	AGCO CORP	AG	 		Construction/Ag 
Equip/Tru
00130H10	AES CORP	AESC	 		Environmental 
Services
00176510	AMR CORP/DE	AMR	 		Airlines
00195710	AT&T CORP	T              			Major 
US Telecommunication
00282410	ABBOTT LABORATORIES	ABT            		
	Major Pharmaceuticals
00651F10	ADAPTEC INC	ADPT	 		Electronic 
Components
00724F10	ADOBE SYSTEMS INC	ADBE			Computer 
Software
00790310	ADVANCED MICRO DEVICES 	AMD		
	Semiconductors
00794210	ADVANTA CORP -CLA	ADVNA	 	Finance Companies
00814010	AETNA LIFE & CASUALTY C	AET		Multi line 
Insurance
00867710	AHMANSON (HF) & CO	AHM		Savings & 
Loan Associatio
00915810	AIR PRODUCTS & CHEMICA	APD		Specialty 
Chemicals
00936310	AIRGAS INC		ARG		Specialty 
Chemicals
00949T10	AIRTOUCH COMMUNICATIO	ATI           	
	Cellular Telephone
01265310	ALBEMARLE CORP	ALB		Specialty 
Chemicals
01310410	ALBERTSONS INC	ABS		Food Chains
01378810	ALCO STANDARD CORP	ASN		Wholesale 
Distributors
01690010	ALLEGHENY LUDLUM CORP 	ALS		Specialty 
Steels
01849010	ALLERGAN INC	AGN		Other 
Pharmaceuticals
01951210	ALLIEDSIGNAL INC	ALD           	
	Diversified Manufacture
02000210	ALLSTATE CORP	ALL           	
	Multi-line Insurance
02144110	ALTERA CORP	ALTR		Semiconductors
02219710	ALUMAX INC	AMX		Aluminum
02224910		ALUMINUM CO OF AMERICA	AA	
	Aluminum
02261510	ALZA CORP		AZA		Biotechnology
02313910	AMBAC INC		ABK		Specialty Insurers
02364J10	AMERICA ONLINE INC	AMER		E.D.P 
Services
02390510	AMDAHL CORP	AMH		Electronic Data 
Processing
02470310	AMERICAN BRANDS INC/DE	AMB		Tobacco
02581610	AMERICAN EXPRESS	AXP           	
	Diversified Financial Svcs
02635110	AMERICAN GENERAL CORP 	AGC		Diversified 
Financial Svcs
02660910	AMERICAN HOME PRODUCT 	AHP           	
	Major Pharmaceuticals
02687410	AMERICAN INTERNATIONAL 	AIG           	
	Multi-line Insurance
02906610	AMERICAN PWR CNVRSION	APCC		Electrical 
Products
03009610	AMERICAN STORES CO	ASC		Food Chains
03095410	AMERITECH CORP	AIT           		Major 
US Telecommunicati
03116210	AMGEN INC		AMGN          	
	Biotechnology
03189710	AMP INC		AMP		Electronic 
Components
03190510	AMOCO CORP	AN            		Integrated 
Oil Companies
03209420	AMPHENOL CORP	APH		Electronic 
Components
03216510	AMSOUTH BANCORPORATI	ASO		Mid-Sized 
Banks
03251110 	ANADARKO PETROLEUM C	APC		Oil & Gas 
Production
03265410	ANALOG DEVICES	ADI		Semiconductors
03442510	ANDREW CORP	ANDW		Telecommunications Equip
03522910	ANHEUSER-BUSCH COS INC 	BUD           	
	Alcoholic Beverages
03738910	AON CORP 		AOC		Multi-line 
Insurance
03741110	APACHE CORP 	APA		Oil & Gas 
Production
03783310	APPLE COMPUTER INC 	AAPL		Electronic 
Data Processing
03822210	APPLIED MATERlAL 	AMAT		Electronic 
Production Equi
03948310	ARCHER-DANIELS-MIDLAND 	ADM	
	Farming/seeds/Milling
04276410	ARROW INTERNATIONAL 	ARRO	 	Medical 
Specialties
04341310	ASARCO INC 	AR		Other Metals/Minerals
04349110	ASCEND COMMUNICATIONS 	ASND	
	Office/Plant/Automation
04420410	ASHLAND INC	ASH		Oil Refining/Marketing
04882510	ATLANTIC RICHFIELD CO	ARC           	
	Integrated Oil Companies
04951310	ATMEL CORP	ATML		Semiconductors
05276910	AUTODESK INC	ACAD		Computer Software
05301510	AUTOMATIC DATA PROCES	AUD           	
	E.D.P Services
05333210	AUTOZONE INC	AZO		Other Specialty 
Chains
05361110	AVERY DENNISON CORP	AVY		Industrial 
Specialties
05380710	AVNET INC		AVT		Electronic 
Distributors
05430310	AVON PRODUCTS	AVP		Package 
Goods/Cosmetics
05592110	BMC SOFTWARE INC	BMCS		Computer Software
05722410	BAKER-HUGHES INC	BHI		Oilfield Services 
Equipmen
05943810	BANC ONE CORP	ONE           		Major 
Banks
05981510	BANDAG INC	BDG		Automotive Aftermarket
06071610	BANK OF BOSTON CORP	BKB		Major Banks
06405710		BANK OF NEW YORK CO IN	BK		Major 
Banks
06605010		BANKAMERICA CORP		BAC           	
	Major Banks
06636510		BANKERS TRUST NEW YOR	BT		Major 
Banks
06738310		BARD (C.R.) INC			BCR	
	Medical Specialties
06805510		BARNETT BANKS INC		BBI		Major 
Banks
07170710		BAUSCH & LOMB INC		B0L	
	Medical Specialties
07181310		BAXTER INTERNATIONAL IN	BAX           	
	Major Pharmaceuticals
07251010		BAY NETWORKS INC		BAY	
	Office/Plant Automation
07390210		BEAR STEARNS COMPANIE	BSC		Invest 
Bankers/Brokers/Sv
07583710		BECTON DICKINSON & CO	BDX	
	Medical Specialties
07589610		BED BATH & BEYOND INC	BBBY		Other 
Specialty Chains
07785310		BELL ATLANTIC CORP		BEL           
		Major US Telecommunicati
07986010		BELLSOUTH CORP		BLS           	
	Major US Telecommunicati
08055510	BELO (AH) CORP -SER A CO 	BLC	
	Newspapers
08172110	BENEFICIAL CORP	BNL			Finance 
Companies
08373910	BERGEN BRUNSWIG CORP	BBC		
	Medical/Dental Distributors
08651610	BEST BUY CO INC	BBY		
	Computer/Video Chains
08750910	BETHLEHEM STEEL CORP	BS		Steel/Iron 
Ore
08777910	BETZ LABORATORIES INC	BTL		Specialty 
Chemicals
09059710	BIOGEN INC	BGEN		Biotechnology
09061310	BIOMET INC	BMET		Medical Specialties
09179710	BLACK & DECKER CORP	BDK	
	Tools/Hardware
09367110	BLOCK H & R INC	HRB		Other Consumer 
Services
09565010	BOATMENS BANCSHARES I	BOAT		Major Banks
09702310	B0EING CO	BA		Aerospace
09738310	BOISE CASCADE CORP	BCC		Paper
10057810	BOSTON CHICKEN INC	B0ST		Restaurants
10113710	BOSTON SCIENTIFIC CORP	BSX		Medical 
Specialties
10218310	BOWATER INC	BOW		Paper
10904310	BRIGGS & STRATTON	BGG		Tools/Hardware
10964110	BRINKER INTL INC	EAT		Restaurants
11012210	BRISTOL MYERS SQUIBB	BMY		Major 
Pharmaceuticals
11201410	BRODERBUND SOFTWARE 1	BROD		Recreational 
Products/Toy
11588510	BROWNING-FERRIS INDS	BFI	
	Environmental Services
11704310	BRUNSWICK CORP	BC		Recreational 
Products/Toy
12189T10	BRLNGTN NTHRN SANTA FE 	BNI		Railroads
12550910	CIGNA CORP	CI		Multiline Insurance
12589610	CMS ENERGY CORP	CMS		Electric 
Utilities: Central
12614910	CPC INTERNATIONAL INC	CPC		Packaged 
Foods
12640810	CSX CORP	CSX		Railroads
12654510	CUC INTERNATIONAL INC	CU		Other 
Consumer Services
12692010	CABLETRON SYSTEMS	CS		Office/Plant 
Automation
12738710	CADENCE DESIGN SYS INC	CDN		Computer 
Software
12946610	CALENERGY INC	CE		Environmental 
Services
12989410	CALIBER SYSTEMS INC	CBB		Trucking
13119310	CALLAWAY GOLF CO	ELY		Recreational 
Products/Toy
13442910	CAMPBELL SOUP CO	CPB		Packaged Foods
14040H10	CAPITAL ONE FINL CORP	COF		Finance 
Companies
14149Y10	CARDINAL HEALTH INC	CAH	
	Medical/Dental Distributors
14170410	CAREMARK INTL INC	CK		Medical/Nursing 
Services
14365810	CARNIVAL CORP	CCL		Hotels/Resorts
14414110	CAROLINA POWER & LIGHT	CPL		Electric 
Utilities: South
14718410	CASCADE COMMUNICATION 	CSCC		Office/Plant 
Automation
14743R10	CASE CORP 	CSE		Construction/Ag 
Equip/Tru
14912310	CATERPILLAR INC 	CAT		Construction/Ag 
Equip/Tru
15677T10	CERIDIAN CORP 	CEN		Electronic Data 
Processing
15852510	CHAMPION INTERNATIONAL 	CHA		Paper
16161A10	CHASE MANHATTAN CORP	CMB		Major Banks
16675110	CHEVRON CORP	CHV		Integrated Oil 
Companies
17119610	CHRYSLER CORP	C		Motor Vehicles
17123210	CHUBB CORP	CB		Property-Casualty 
lnsuran
17247410	CINERGY CORP	CIN		Electric Utilities 
Central
17273710	CIRCUIT CITY STORES INC	CC	
	Computer/Video Chain
17275510	CIRRUS LOGIC INC	CRUS		Semiconductors
17275R10	CISCO SYSTEMS INC	CSCO		Office/Plant 
Automation
17290810	CINTAS CORP	CTAS		Diversified Commercial 
Sv
17290910	CIRCUS CIRCUS ENTERPR I 	CIR	
	Casino/Gambling
17303410	CITICORP 	CCI		Major Banks
18419010	CLAYTON HOMES INC	CMH		Homebuildinq
18905410		CLOROX CO/DE	CLX		Package 
Goods/Cosmetics
19044110		COASTAL CORP	CGP		Oil/Gas 
Transmission
19121610		COCA-COLA CO	KO			Soft 
Drinks
19121910		COCA-COLA ENTERPRISES	CCE		
	Soft Drinks
19355910		COLEMAN CO INC	CLN		
	Recreational Products/Toy
19416210		COLGATE-PALMOLIVE CO	CL		
	Package Goods/Cosmetics
19687910		COLTEC INDUSTRIES	COT		
	Diversified Manufacture
19767710		COLUMBIA/HCA HLTHCR -V	COL		
	Hospital Management
20034010		COMERICA INC	CMA			Major 
Banks
20449310	COMPAQ COMPUTER CORP 	CPQ		Electronic 
Data Processing
20491210	COMPUTER ASSOCIATES IN 	CA		Computer 
Software
20536310	COMPUTER SCIENCES COR 	CSC	
	Military/Gov't/Technical
20563810	COMPUWARE CORP		CPWR		Computer 
Software
20588710	CONAGRA INC		CAG		Meat/Poultry/Fish
20836810	CONRAIL INC		CRR		Railroads
20923710	CONSOLIDATED FREIGHTW	CNF		Trucking
20961510	CONSOLIDATED NATURAL		CNG	
	Natural Gas Distribution
20975910	CONSOLIDATED PAPERS IN	CDP		Paper
21014910	CONSOLIDATED STORES C		CNS	
	Discount Chains
21079530	CONTINENTAL AIRLS INC -C 	CAI.B	
	Airlines
21666910	COOPER INDUSTRIES INC		CBE	
	Diversified Manufacture
21683110	COOPER TIRE & RUBBER		CTB	
	Automotive Aftermarket
21869510	CORESTATES FINANCIAL C	CFL		Major Banks
21988810	CORPORATE EXPRESS INC		CEXP		Office 
Equipment/Supplies
22025610	CORRECTIONS CORP OF A		CXC	
	Diversified Commercial Sv
22237210	COUNTRYWIDE CREDIT IND	CCR		Finance 
Companies
22404410	COX COMMUNICATIONS -C		COX		Cable 
Television
22410010	CRACKER BARREL OLD CTR 	CBRL		Restaurants
22439910	CRANE CO		CR		Multi-Sector 
Companies
22609110	CRESTAR FINANCIAL CORP	CF		Mid-Sized 
Banks
22825510	CROWN CORK & SEAL CO I		CCK	
	Containers/Packaging
23102110	CUMMINS ENGINE		CUM	
	Construction/Ag Equip/Tru
23280610	CYPRESS SEMICONDUCTO		CY	
	Semiconductor
23280910	CYPRUS AMAX MINERALS C 	CYM		Other 
Metals/Minerals
23282010	CYTEC INDUSTRIES INC		CYT	
	Specialty Chemicals
23329310	DPL INC		DPL		Electric 
Utilities: Central
23329J10	DQE INC		DQE		Electric 
Utilities: East
23331110	DSC COMMUNICATIONS CO	DIGI	
	Telecommunications Equip
23581110	DANA CORP		DCN		Auto Parts: O.E.M.
23585110	DANAHER CORP		DHR		Diversified 
Manufacture
23719410	DARDEN RESTAURANTS IN		DRI	
	Restaurants
23975310	DAYTON HUDSON CORP		DH	
	Discount Chains
24236110	DEAN FOODS CO		DF		Packaged 
Foods
24240V10	DEAN WITTER DISCOVER &	DWD		Diversified 
Financial Svcs
24419910	DEERE & CO		DE		Construction/Ag 
Equip/Tru
24507310	DEL GLOBAL TECHNOLOGIE	DEL		Electronic 
Components
24702510	DELL COMPUTER CORP	  	DELL	
	Electronic Data Processing
24736110	DELTA AIR LINES INC	  	DAL	
	Airlines
24801910	DELUXE CORP	  	DLX		Printing/Forms
25247010	DIAL CORP/DE	  	DL		Multi-Sector 
Companies
25384910	DIGITAL EQUIPMENT	  	DEC		Electronic 
Data Processing
25406310	DILLARD DEPT STORES -CL 	DDS	
	Department Stores
25468710	DISNEY (WALT) COMPANY 	DIS	
	Movies/Entertainment
25660510	DOLE FOOD CO INC	  	DOL		Packaged 
Foods
25666910	DOLLAR GENERAL	  	DG		Discount 
Chains
25786710	DONNELLEY (RR) & SONS C 	DNY	
	Printing/Forms
26000310	DOVER CORP 		DOV		Diversified 
Manufacture
26054310	DOW CHEMICAL 		DOW		Major 
Chemicals
26056110	DOW JONES & CO INC 		DJ	
	Financial Publishing/Svcs
26159710	DRESSER INDUSTRIES INC 		DI	
	Diversified Manufacture
26353410	DU PONT (E1) DE NEMOURS 	DD		Major 
Chemicals
26439910	DUKE POWERCO 		DUK		Electric 
Utilities: South
26633L10	DURACELL INTERNATIONAL 	DUR	
	Tools/Hardware
26864810	EMC CORP/MA 		EMC		E.D.P. 
Peripherals
26874Q10	ENSCO INTERNATIONAL INC 	ESV	
	Contract Drilling
27743210	EASTMAN CHEMICAL CO 		EMN		Major 
Chemicals
27746110	EASTMAN KODAK CO 		EK		Photographic 
Products
27805810	EATON CORP 		ETN		Auto Parts: O.E.M.
27874910	ECHLIN INC	  	ECH		Automotive 
Aftermarket
27876310	ECKERD CORP	ECK		Drug Store Chains
27886510	ECOLAB INC			ECL		Industrial 
Specialties
28369587	EL PASO NATURAL GAS CO		EPG	
	Oil/Gas Transmission
28551210	ELECTRONIC ARTS INC		ERTS	
	Recreational Products/Toy
29101110	EMERSON ELECTRIC CO		EMR	
	Electrical Products
29284510	ENGELHARD CORP			EC	
	Specialty Chemicals
29356110	ENRON CORP			ENE		Oil/Gas 
Transmission
29356210	ENRON OIL & GAS			EOG		Oil & 
Gas Production
29356710	ENSERCH CORP			ENS		
	Oil/Gas Transmission
29442910	EQUIFAX INC			EFX		
	Financial Publishing/Svcs
29444G10	EQUITABLE COS INC			EQ		
	Diversified Financial Svcs
29765910	ETHYL CORP			EY		
	Specialty Chemicals
30229010	EXXON CORP			XON		
	Integrated Oil Companies
30249130	FMC CORP			FMC		
	Diversified Manufacture
30257110	FPL GROUP INC			FPL		
	Electrical Utilities: South
31330910	FEDERAL EXPRESS CORP		FDX		
	Air Freight
31340030	FED HOME LOAN MTG CO		FRE		
	Finance Companies
31358610	FEDERAL NATL MORTGAGE		FNM		
	Finance Companies
31410H10	FEDERATED DEPT STORES		FD		
	Department Stores
31677310	FIFTH THIRD BANCORP		FITB		
	Mid-Sized Banks
31890610	FIRST OF AMERICA BANK C		FOA		
	Major Banks
31927910	FIRST BANK SYSTEM INC		FBS		
	Major Banks
31935610	FIRST BRANDS CORP			FBR		
	Package Goods/Cosmetics
31945A10	FIRST CHICAGO NBD CORP		FCN		
	Major Banks
33629410	FIRST SECURITY CORP/UT		FSCO		
	Mid-Sized Banks
33716210	FIRST TENNESSEE NATL C		FTEN		
	Mid-Sized Banks
33735810	FIRST UNION CORP (N C)		FTU		
	Major Banks
33743H10	FIRST USA INC			FUS		
	Finance Companies
33761C10	FIRSTAR CORP			FSR		
	Major Banks
33891510	FLEET FINANCIAL GROUP IN 	FLT		Major 
Banks
34386110	FLUOR CORP 	FLR		Engineering & 
Constructio
34477520	FOOD LION INC -CL A 	FDLNA		Food Chains
34537010	FORD MOTOR CO 	F		Motor Vehicles
34544910	FORE SYSTEMS INC 	FORE		Office/Plant 
Automation
34583810	FOREST LABORATORIES -C 	FRX		Other 
Pharmaceuticals
34746110	FORT HOWARD CORP	FORT		Paper
35024410	FOSTER WHEELER CORP	FWC	 	Engineering 
& Constructio
35040110	FOUNDATION HEALTH COR	FH		Managed 
Health Care
35461310	FRANKLIN RESOURCES INC	BEN		Investment 
Managers
35671D85	FREEPRT MCMOR COP&GL	FCX		Other 
Metals/Minerals
35690310	FREEPORT MCMORAN RES	FRP		Agricultural 
Chemicals
35906P10	FRONTIER CORP	FRO		Other 
Telecommunications
36232010	GTE CORP	GTE		Major US Teleoommunicati
36473010	GANNETT CO	GCI		Newspapers
36476010	GAP INC		GPS	
	Clothing/Shoe/Access Cha
36783310	GATEWAY 2000 INC	GATE		Electronic Data 
Processing
36790110	GAYLORD ENTERTAINMENT	GET		Cable 
Television
36871030	GENENTECH INC	GNE		Biotechnology
36955010	GENERAL DYNAMICS CORP	GD	
	Military/Govt/Technical
36960410	GENERAL ELECTRIC CO	GE		Multi-Sector 
Companies
37012110	GENERAL INSTRUMENT CO	GIC	
	Telecommunications Equip
37033410	GENERAL MILLS INC	GIS		Packaged Foods
37044210	GENERAL MOTORS CORP	GM		Motor 
Vehicles
37044240	GENERAL MOTORS CL E	GME		EDP Services
37044250	GENERAL MOTORS CL H	GMH	
	Military/Gov't/Technical
37047F10	GENERAL NUTRITION COS	GNCI		Other 
Specialty Chains
37056310	GENERAL RE CORP	GRN		Property-Casualty 
Insuran
37083810	GENERAL SIGNAL CORP	GSX		Indus'l 
Machinery/Compon
37246010	GENUINE PARTS CO	GPC		Automotive 
Aftermarket
37291710	GENZYME CORP	GENZ		Biotechnology
37320020	GEORGlA GULF CORP	GGC		Specialty 
Chemicals
37329810	GEORGIA-PACIFIC CORP	GP		Forest 
Products
37576610	GILLETTE CO	G		Package Goods/Cosmetics
37789910	GLENAYRE TECHNOLOGIES 	GEMS	
	Telecommunications Equip
37935240	GLOBAL MARINE INC 	GLM		Contract 
Drilling
38131710	GOLDEN WEST FINANCIAL 	GDW		Savings & 
Loan Associatio
38238810	GOODRICH (B F) CO 	GR		Specialty 
Chemicals
38255010	GOODYEAR TIRE & RUBBER 	GT		Automotive 
Aftermarket
38480210	GRAINGER (W W) INC	GWW		Wholesale 
Distributors
39056810	GREAT LAKES CHEMICAL C 		GLK	
	Specialty Chemicals
39144210	GREAT WESTERN FINANCIA 	GWF		Savings & 
Loan Associatio
39350510	GREEN TREE FINANCIAL CO 	GNT	
	Finance Companies
40169810	GUIDANT CORP	GDT		Medical 
Specialities
40418110	HFS INC	HFS		Hotels/Resorts
40621610	HALLIBURTON CO	HAL		Oilfield 
Services/Equipmen
41052210	HANNA (M A) CO	MAH		Specialty 
Chemicals
41163G10	HARCOURT GENERAL INC	H		Department 
Stores
41282210	HARLEY-DAVIDSON INC	HDI		Motor 
Vehicles
41334510	HARNISCHFEGFR INDUSTRI 	HPH		Indus'l 
Machinery/Compon
41361910	HARRAHS ENTERTAINMENT 	HET	
	Casino/Gambling
41387510	HARRIS CORP 	HRS		Diversified 
Electronic Prod
41586410	HARSCO CORP 	HSC		Metal Fabrications
41805610	HASBRO INC 	HAS		Recreational 
Products/Toy
42192410	HEALTHSOUTH CORP 	HRC		Medical/Nursing 
Services
42192810	HEALTHCARE COMPARE CO 	HCCC		Managed 
Health Care
42193310	HEALTH MANAGEMNT ASSC 	HMA		Hospital 
Managemsnt
42193710	HEALTH CARE & RETIREME 	HCR		Hospital 
Managennent
42194910	HEALTH SYSTEMS INTL -CL 	HQ	
	Managed Health Care
42221E10	HEALTHSOURCE INC	HS		Managed Health 
Care
42289310	HEILIG-MEYERS CO	HMY		Other Specia ty 
Chains
42307410	HEINZ (H J) CO	HNZ		Packaged Foods
42705610	HERCULES INC	HPC		Major Chemicals
42786610	HERSHEY FOODS CORP	HSY		Specialty 
Foods/Candy
42823610	HEWLETT-PACKARD CO	HWP		Electronic 
Data Processing
43157310	HILLENBRAND INDUSTRIES	HB		Medical 
Specialties
43284810	HILTON HOTELS CORP	HLT	
	Hotels/Resorts
43707610	HOME DEPOT INC	HD		Building Materials 
Chains
43761410	HOMESTAKE MINING	HM		Precious Metals
43850610	HONEYWELL INC	HON		Diversifed 
Manufacture
44040010	HORIZON/CMS HEALTHCAR	HHC		Hospital 
Management
44045210	HORMEL FOODS CORP	HRL		Meat/Poultry/Fish
44181510	HOUSEHOLD INTERNATION	HI		Finance 
Companies
44351020	HUBBELL INC CLB	HUB.B		Electrical 
Products
44485910	HUMANA INC	HUM		Managed Health Care
44615010	HUNTINGTON BANCSHARES 	HBAN		Major Banks
44922310	IBM INC	IBP		Meat/Poultry/Fish
44966910	IMC GLOBAL INC	IGL		Agricultural 
Chemicals
45168D10	IDEXX LABS INC	IDXX		Biotechnology
45184110	ILLINOIS CENTRAL CORP	IC		Railroads
45230810	ILLINOIS TOOL WORKS	ITW		Indus'l 
Machinery/Compon
45231710	ILLINOVA CORP	ILN		Electric 
Utilities: Central
45662610	INFINITY BROADCASTING -	INF		Broadcasting
45677910	INFORMIX CORP	IFMX		Computer Software
45686610	INGERSOLL-RAND CO	IR		Indus'l 
Machlnery/Compon
45747210		INLAND STEEL INDUSTRIES	IAD	
	Steel/Iron Ore
45765210		INPUT/OUTPUT INC		IO	
	Oilfield Services/Equipmen
45811810		INTEGRATED DEVICE TECH	IDTI	
	Semiconductors
45814010		INTEL CORP			INTC		
	Semiconductors
45920010		INTL BUSINESS MACHINES	IBM	
	Electronic Data Processing
45950610		INTL FLAVORS & FRAGRAN	IFF	
	Package Goods/Cosmetics
45990210		INTL GAME TECHNOLOGY	IGT	
	Recreational Products/Toy
46014610		INTL PAPER CO		IP		Paper
46025410		INTL RECTIFIER CORP	IRF	
	Semiconductors
46115610		INTIMATE BRANDS INC -CL	IBI	
	Apparel
46582310		IVAX CORP			IVX	
	Generic Drugs
47034910		JAMES RIVER CORP OF VIR	JR		Paper
47507010		JEFFERSON-PILOT CORP	JP		Life 
Insurance
47816010		JOHNSON & JOHNSON	JNJ		Major 
Pharmaceuticals
47836610		JOHNSON CONTROLS INC	JCI	
	Building Products
48007410		JONES APPAREL GROUP IN	JNY	
	Apparel
48248010		KLA INSTRUMENTS CORP	KLAC	
	Electronic Production 
48300710		KAISER ALUMINUM CORP	KLU	
	Aluminum
48783610		KELLOGG CO			K	
	Packaged Foods
48836010		KEMET CORP			KMET	
	Electronic Components
48917010		KENNAMETAL INC		KMT	
	Indus'l Machinery/Compon
49326710		KEYCORP			KEY		Major 
Banks
49436810		KlMBERLY-CLARK CORP	KMB	
	Package Goods/Cosmetics
49566710		KING WORLD PRODUCTION	KWP	
	Movies/Entertainment
49904010		KNIGHT-RlDDER INC		KRI	
	Newspapers
50025510		KOHLS CORP			KSS	
	Department Stores
50104410		KROGER CO			KR		Food 
Chains
50181310		LCI INTERNATIONAL INC		LCI	
	Other Telecommunications
50192110		LTV CORP			LTV	
	Steel/lron Ore
50216110		LSI LOGIC CORP			LSI	
	Semiconductors
50419510		LA QUINTA INNS INC		LCI	
	Hotels/Resorts
51280710		LAM RESEARCH CORP		LRCX	
	Electronic Production Equi
52189310		LEAR SEATING CORP		LEA		Auto 
Parts: O.E.M.
52466010		LEGGETT & PLATT INC		LEG	
	Home Furnishings
52490810		LEHMAN BROTHERS HOLDI	LEH		Invest 
Bankers/Brokers/Sv
53245710		LILLY (ELI) & CO		LLY		Major 
Pharmaceuticals
53271610		LIMITED INC			LTD	
	Clothing/Shoe/Access Cha
53418710		LINCOLN NATIONAL CORP	LNC	
	Multi-line Insurance
53567810		LlNEAR TECHNOLOGY COR	LLTC	
	Semiconductors
53802110		LITTON INDUSTRlES INC		LIT	
	Military/Gov't/Technical
53932010		LIZ CLAIBORNE INC		LIZ	
	Apparel
53983010		LOCKHEED MARTIN CORP	LMT	
	Aerospace
54013710		LOCTITE CORP			LOC	
	Specialty Chemicals
54230710	LONE STAR STEAKHOUSE S 	STAR		Restaurants
54385910	LORAL CORP 	LOR		Military/Gov't/Technical
54626810	LOUISIANA LAND & EXPLOR 	LLX		Oil & 
Gas Production
54866110	LOWES COS 	LOW		Building Materials 
Chains
54927110	LUBRIZOL CORP 	LZ		Specialty 
Chemicals
55207810	LYONDELL PETROCHEMICA 	LYO		Oil 
Refining/Marketing
55262L10	MBNA CORP 	KRB		Finance Companies
55267310	MCI COMMUNICATIONS 	MCIC		Major US 
Telecommunicati
55267J10	MCN CORP 	MCN		Natural Gas Distribution
55284810	MGIC INVESTMENT CORP/W 	MTG		Speciality 
Insurers
55295310	MGM GRAND INC 	MGG		Casino/Gambling
56122610	MALLINCKRODT GROUP INC 	MKG		Medical 
Specialities
56405410	MANOR CARE INC	MNR		Hospital 
Management
56418H10	MANPOWER INC/WI	MAN		Diversified 
Commercial Sv
57174810	MARSH & MCLENNAN COS	MMC		Insurance 
Brokers/Service
57183410	MARSHALL & ILSLEY CORP	MRIS		Mid-Sized 
Banks
57190010	MARRIOTT INTL INC	MAR		Hotels/Resorts
57459910	MASCO CORP	MAS		Building Products
57708110	MATTEL INC	MAT		Recreational 
Products/Toy
57772K10	MAXIM INTEGRATED PROD	MXIM	
	Semiconductors
57777810		MAY DEPARTMENT STORES 	MA	
	Department Stores
57978020		MCCORMICIK & CO		MCCRK	
	Specialty Foods/Candy
58013510		MCDONALDS CORP		MCD	
	Restaurants
58064510		MCGRAW-HILL COMPANIES	MHP	
	Financial Publishing/Svcs
58155710		MCKESSON CORP		NICK	
	Medical/Dental Distributors
58283410		MEAD CORP			MEA		Paper
58402810		MEDAPHIS CORP		MEDA		Health 
Industry Services
58505510		MEDTRONIC INC		MDT	
	Medical Electronics
58550910		MELLON BANK CORP		MEL		Major 
Banks
58720010		MENTOR GRAPHICS CORP	MENT	
	Office/Plant Automation
58734210	MERCANTILE BANCORPORA 	MTL		Mid-Sized 
Banks
58933110	MERCK & CO	MRK		Major Pharmaceuticals
58939510	MERCURY FINANCE CO	MFN		Finance 
Companies
59018810	MERRILL LYNCH & CO	MER		Invest 
Bankers/Brokers/Sv
59491810	MICROSOFT CORP	MSFT		ComputerSof1ware
59501710	MICROCHIP TECHNOLOGY I	MCHP	
	Semiconductors
59501B10	MICRO WAREHOUSE INC	MWHS	
	Catalog/Speciality Dist
59511210	MICRON TECHNOLOGY INC	MU	
	Semiconductors
59523C10	MID ATLANTIC MEDICAL SV	MME		Managed 
Health Care
60107310	MILLIPORE CORP	MIL		Industrial 
Specialties
60405910	MINNESOTA MINING & MFG	MMM		Diversified 
Manufacture
60462E10	MIRAGE RESORTS INC	MIR	
	Casino/Gambling
60705910	MOBIL CORP	MOB		Integrated Oil Companies
60855410	MOLEX INC	MOLX		Electronic Components
61166210	MONSANTO CO	MTC		Major Chemicals
61688010	MORGAN (J P) & CO	JPM		Major Banks
61744610	MORGAN STANLEY GROUP I 	MS		Invest 
Bankers/Brokers/Sv
61933110	MORTON INTERNATIONAL I 	MII		Specialty 
Chemicals
62007610	MOTOROLA INC 	MOT		Semiconducter
62853010	MYLAN LABORATORIES	MYL		Generic 
Drugs
62914010		NIPSCO INDUSTRIES INC		NI	
	Electric Utilities: Central
62952610		NABISCO HLDGS CORP -CL	NA	
	Packaged Foods
62985310		NALCO CHEMICAL CO		NLC	
	Specialty Chemicals
63540510		NATIONAL CITY CORP		NCC	
	Major Banks
63764010		NATIONAL SEMICONDUCTO	NSM	
	Semiconductors
63858510		NATIONSBANK CORP		NB		Major 
Banks
63934E10		NAVISTAR INTERNATIONL	NAV	
	Construction/Ag Equip/Tru
65011110	NEW YORK TIMES CO -CLA 	NYT.A		Newspapers
65119210	NEWELL COMPANIES 	NWL		Home Furnishings
65163710	NEWMONT GOLD COMPANY 	NGC		Precious 
Metals
65163910		NEWMONT MINING CORP		NEM	
	Precious Metals
65410610		NIKE INC -CL B			NKE	
	Shoe Manufacturing
65440D10		NINE WEST GROUP INC		NIN	
	Clothing/Shoe/Access Cha
65489410		NOBLE AFFILIATES INC		NBL	
	Oil & Gas Production
65541910		NORAM ENERGY CORP		NAE	
	Natural Gas Distribution
65566410		NORDSTROM INC		NOEE	
	Clothing/Shoe/Access Cha
65584410		NORFOLK SOUTHERN COR	NSC	
	Railroads
66585910		NORTHERN TRUST CORP		NTRS	
	Mid-Sized Banks
66680710	NORTHROP GRUMMAN COR 	NOC		Aerospace
66938010	NORWEST CORP	NOB		Major Banks
67000610	NOVELL INC	NOVL		Office/Plant Automation
67000810	NOVELLUS SYSTEMS INC	NVLS		Electronic 
Production Equi
67034610	NUCOR CORP	NUE		Specialty Steels
67076810	NYNEX CORP	NYN		Major US Telecommunicati
67366210	OAKLEY INC	OO		Consumer Specialties
67459910	OCCIDENTAL PETROLEUM	OXY		Oil & Gas 
Production
67622010	OFFICE DEPOT INC	ODP				Other 
Specialty Chains
67622M10	OFFICEMAX INC	OMX				Other 
Specialty Chains
67983310	OLD KENT FINANCIAL CORP 	OKEN		
	Mid-Sized Banks
68066520		OLIN CORP			OLN		
	Diversified Manufacture
68138510		OLSTEN CORP			OLS		
	Diversified Commercial Sv
68190410		OMNICARE INC			OCR		
	Health Industry Services
68389X10		ORACLE CORP			ORCL		
	Computer Software
68685710		ORNDA HEALTHCORP		ORN		
	Hospital Management
68763F10		ORYX ENERGY CO		ORX		
	Oil & Gas Production
68989910		OUTBACK STEAKHOUSE IN	OSSI		
	Restaurants
69073F10		OWENS CORNING		OCF		
	Building Materials
69076840		OWENS-ILLINOIS INC		OI		
	Containers/Packaging
69147110		OXFORD HEALTH PLANS IN	OXHP		
	Managed Health Care
69344M10		PMI GROUP INC			PMA		
	Specialty Insurers
69347510		PNC BANK CORP			PNC		
	Major Banks
69350610		PPG INDUSTRIES INC		PPG		
	Paints/Coatings
69371810		PACCAR INC			PCAR		
	Construction/Ag Equip/Tru
69423210		PACIFIC ENTFRPRISES		PET		
	Natural Gas Distribution
69511020		PACIFICARE HEALTH SYS -	PHSYB		
	Managed Health Care
69642930		PALL CORP			PLL		
	Industrial Specialties
69846210	PANHANDLE EASTERN COR 	PEL		
	Oil/Gas Transmission
69917310	PARAMETRIC TECHNOLOGY 	PMTC		
	Computer Software
70109610	PARKER-HANNIFIN CORP	PH			
	Fluid Controls
70432610	PAYCHEX INC	PAYX				Diversified 
Commercial Sv
70816010	PENNEY (J C) CO	JCP			
	Department Stores
70963110	PENTAIR INC	PNR				Diversified 
Manufacture
71271310	PEOPLESOFT INC	PSFT			
	Computer Software
71327810	PEP BOYS-MANNY MOE & J	PBY			
	Other Specialty Chains
71344810	PEPSICO INC	PEP				Soft Drinks
71429010	PERRIGO COMPANY	PRGO				Other 
Pharmaceuticals
71694110	PHARMACIA & UPJOHN INC	PNU			
	Major Pharmaceuticals
71708110	PFIZER INC	PFE				Major 
Pharmaceuticals
71726510	PHELPS DODGE CORP	PD				Other 
Metals/Minerals
71815410	PHILIP MORRIS COS INC	MO			
	Tobacco
71850710	PHILLIPS PETROLEUM CO	P			
	Integrated Oil Companies
71940F10	PHYCOR INC	PHYC			
	Medical/Nursing Services
72003530	PICTURETEL CORP	PCTL			
	Telecommunications Equip
72348410	PINNACLE WEST CAPITAL	PNW			
	Electric Utilities: West
72368610	PIONEER HI-BRED INTERNA	PHB			
	Farming/Seeds/Milling
72447910	PITNEY BOWES INC	PBI				Office 
Equipment/Supplies
73762810	POTLATCH CORP	PCH				Paper
74005P10	PRAXAIR INC	PX				Specialty 
Chemicals
74045910	PREMARK INTERNATIONAL I 	PMI			
	Catalog/Specia1ty Dist
74058410	PREMISYS COMMUNICATIO	PRMS		E.D.P. 
Peripherals
74143W10	PRICE/COSTCO INC	PCCW		Discount Chains
74271810	PROCTER & GAMBLE CO	PG		Package 
Goods/Cosmetics
74331510	PROGRESSIVE CORP-OHIO	PGR	
	Property-Casualty Insuran
74342H10	PROMUS HOTEL CORP	PRH		Hotels/Resorts
74406110	PROVIDIAN CORP	PVN		Life Insurance
74740210	QUAKER OATS CO	OAT		Packaged Foods
74752510	QUALCOMM INC	QCOM		Telecommunications 
Equip
74790610	QUANTUM CORP	QNTM		E.D.P Peripherals
74835610	QUESTAR CORP	STR		Natural Gas 
Distribution
74908410	QUORUM HEALTH GROUP I	QHGI		Hospital 
Management
74960K87	RJR NABISCO HLDGS CORP 	RN		Tobacco
74968510	RPM INC-OHIO	RPOW		Paints/Coatings
75127730	RALSTON PURlNA CO	RAL			Packaged 
Foods
7549O710	RAYONIER INC	RYN			Forest 
Products
75511110	RAYTHEON CO	RTN		
	Military/Gov't/Technical
75524610	READ-RITE CORP	RDRT			Electronic 
Components
75526710	READERS DIGEST ASSN -C	RDA		
	Books/Magazines
75811010	REEBOK INTERNATIONAL L	RBK		Shoe 
Manufacturing
75894010	REGIONS FINL CORP	RGBK		Mid-Sized Banks
76071910	REPUBLIC NEW YORK COR	RNB		Major Banks
76133910	REVCO D.S. INC	RXR		Drug Store Chains
76176310	REYNOLDS METALS CO	RLM		Aluminum
76242T10	RHONE-POULENC RORER	RPR		Major 
Pharmaceuticals
76775410	RITE AID CORP	RAD		Drug Store Chains
77434710	ROCKWELL INTL CORP	ROK		Aerospace
77537110	ROHM & HAAS CO	ROH		Major Chemicals
78108810	RUBBERMAID INC	RBD		Home Furnishings
78354910	RYDER SYSTEM INC	R		Rental/Leasing 
Companies
78387G10	SBC COMMUNICATIONS INC 	SBC		Major US 
Telecommunicati
78389010	SCI SYSTEMS INC	SCIS		Diversified 
Electronic Prod
78642910	SAFECO CORP	SAFC		Multi-line Insurance
78651420	SAFEWAY INC	SWY		Food Chains
79084910	ST JUDE MEDICAL INC	STJM		Medical 
Specialties
79286010	ST PAUL COS	SPC		Property-Casualty 
Insuran
79549B10	SALOMON INC	SB		Invest 
Bankers/Brokers/Sv
80217610	SANTA FE PACIFIC GOLD C	GLD		Precious 
Metals
80311110	SARA LEE CORP	SLE		Packaged Foods
80652810	SCHERER (R P)/DE	SHR		Medical 
Specialties
80660510	SCHERING-PLOUGH	SGP		Major 
Pharmaceuticals
80685710	SCHLUMBERGER LTD	SLB		Oilfield 
Services/Equipmen
80706610	SCHOLASTIC CORP	SCHL		Books/Magazines
80819410	SCHULMAN (A.) INC	SHLM		Specialty 
Chemicals
80851310	SCHWAB (CHARLES) CORP	SCH		Invest 
Bankers/Brokers/Sv
80865510	SCIENTIFIC-ATLANTA INC	SFA	
	Telecommunications Equip
81180410	SEAGATE TECHNOLOGY	SEG		E.D.P 
Peripherals
81238710	SEARS ROEEUCK & CO	S		Department 
Stores
81756510	SERVICE CORP INTERNATI	SRV		Other 
Consumer Services
81948610	SHARED MEDICAL SYSTEM	SMED		Health 
Industry Services
82028610	SHAW INDUSTRIES INC	SHX		Home 
Furnishings
82434810	SHERWIN-WILLIAMS CO	SHW	
	Paints/Coatings
82655210	SIGMA-ALDRICH	SIAL		Specialty 
Chemicals
82705610	SILICON GRAPHICS INC	SGI		Electronic 
Data Processing
82706610	SILICON VALLEY GROUP IN	SVGI		Electronic 
Production Equi
83303410	SNAP-ON INC	SNA		Tools/Hardware
83418210	SOLECTRON CORP	SLR		Electronic 
Components
83541510	SONAT INC	SNT		Oil/Gas Transmission
83542010	SONAT OFFSHORE DRILLIN	RIG		Contract 
Drilling
83549510	SONOCO PRODUCTS CO	SON	
	Containers/Packaging
84344410	SOUTHERN NATIONAL COR	SNB		Mid-Sized 
Banks
84473010	SOUTHTRUST CORP	SOTR		Major Banks
84474110	SOUTHWEST AIRLINES	LUV		Airlines
85206110	SPRINT CORP	FON		Major US Telecommunicati
85503010	STAPLES INC	SPLS		Other Specialty Chains
85524410	STARBUCKS CORP	SBUX		Restaurants
85747310	STATE STREET BOSTON CO 	STT		Major Banks
86034210	STEWART & STEVENSON S 	SSSS	
	Construction/Ag Equip/Tru
86037010	STEWART ENTERPRISES - 	STEI		Other 
Consumer Services
86158910	STONE CONTAINER CORP	STO	
	Containers/Packaging
86209910	STOP & SHOP COS	SHP	   	Food Chains
86268310	STRATACOM INC	STRM	   	Telecommunications 
Equip
86366710	STRYKER CORP	STRY	   	Medical 
Specialties
86387150	STUDENT LOAN MKTG	SLM	   	Finance Companies
86600510	SUMMIT BANCORP	SUB	   	Major Banks
86676210	SUN CO INC	SUN	   	Integrated Oil Companies
86681010	SUN MICROSYSTEMS INC	SUNW	   	Electronic 
Data Processing
86693010	SUNAMERICA INC	SAI	   	Life Insurance
86707110	SUNBEAM CORPORATION	SOC	   	Consumer 
E1ect/Appliance
86732310	SUNDSTRAND CORP	SNS	   	Aerospace
86736310	SUNGARD DATA SYSTEMS I	SNDT	   	E.D.P 
Services
86736F10	SUNGLASS HUT INTL INC	RAYS	   	Other 
Specialty Chains
86791410	SUNTRUST BANKS INC	STI	   	Major Banks
87114F10	SYBRON INTL CORP	SYB	   	Medical 
Specialties
87150810	SYMBOL TECHNOLOGIES	SBL	    	E.D.P 
Peripherals
87160710	SYNOPSYS INC	SNPS	   	Computer Software
87182910	SYSCO CORP	SYY	   	Food Distributors
87237510	TECO ENERGY INC	TE	   	Electric 
Utilities: South
87246910	TIG HOLDINGS INC	TIG	   	Property-Casualty 
Insuran
87254010	TJX COMPANIES INC	TJX	   
	Clothing/Shoe/Access Cha
87264910	TRW INC	TRW	   	Auto Parts: O.E.M
87416110	TALB0TS INC	TLB	   	Clothing/Shoe/Access Cha
87508010	TAMBRANDS INC	TMB	   	Package 
Goods/Cosmetics
87537010	TANDEM COMPUTERS INC	TDM	  	Electronic 
Data Processing
87538210	TANDY CORP	TAN	   	Computer/Video Chains
87913110	TEKTRONIX INC	TEK	   	Precision 
Instruments
87966410	TELLABS INC	TLAB	   	Telecommunications Equip
87986810	TEMPLE-INLAND INC	TIN	   
	Containers/Packaging
88032310	TENCOR INSTRUMENTS	TNCR	   	Electronic 
Produdion Equ
88033G10	TENET HEALTHCARE CORP	THC	   	Hospital 
Management
88037010	TENNECO INC	TEN	   	Multi-Sector Companies
88077010	TERADYNE INC	TER	  	Electronic 
Production Equi
88091510	TERRA INDUSTRIES INC	TRA	   	Agricultural 
Chemicals
86169410	TEXACO INC	TX	   	Integrated Oil Companies
88250810	TEXAS INSTRUMENTS INC	TXN	   
	Semiconductors
88320310	TEXTRON INC	TXT	   	Multi-Sector Companies
88355610	THERMO ELECTRON CORP	TMO	   	Diversified 
Manufacture
88355K20	THERMO CARDIOSYSTEMS	TCA	   	Medical 
Electronics
88553510	3COM CORP	COMS	   	Office/Plant Autamation
88642310	TIDEWATER INC	TDW	   	Marine 
Transportation
89102710	TORCHMARK CORP	TMK	   	Accident & Health 
lnsuranc
89149030	TOSCO CORP	TOS	   	Oil Refining/Marketing
89233510	TOYS R US INC	TOY	   	Other Specialty 
Chains
89348510	TRANSAMERICA CORP	TA	   	Diversified 
Financial Svcs
89352110	TRANSATLANTIC HOLDINGS 	TRH	   	Property-
Casualty Insuran
89419010	TRAVELERS GROUP INC	TRV	 	Diversified 
Financial Svcs
89604710	TRIBUNE CO	TRB	   	Newspapers
89652210	TRINITY INDUSTRIES	TRN	   	Diversified 
Manufacture
89667810	TRINOVA CORP	TNV	    	Diversified 
Manufacture
90212010	TYCO INTL INC	TYC	   	Diversified 
Manufacture
90249410	TYSON FOODS INC -CL A	TYSNA	   
	Meat/Poultry/Fish
90254950	UAL CORP	UAL	   	Airlines
90262K10	UCAR INTERNATIONAL INC	UCR	   	Specialty 
Chemicals
90291110	UST INC	UST	   	Tobacco
90291710	USA WASTE SERVICES INC	UW	   
	Environmental Services
90319210	UNUM CORP	UNM	  	Accident & Health 
Insuranc
90329010	USF&G CORP	FG	   	Property-Casualty 
Insuran
90337T10	USX-U S STEEL GROUP	X	   	Steel/lron 
Ore
90338F10	U S ROROTICS CORP	USRX	   	E.D.P Peripherals
90391210	ULTRAMAR CORP	ULR	   	Oil 
Refining/Marketing
90467710	UNIFI INC	UFI	   	Textiles
90491110	UNICOM CORP	UCM		Eletric Utilities: 
Central
90553010	UNION CAMP CORP	UCC	   	Paper
90558110	UNION CARBIDE CORP	UK	   	Major 
Chemicals
90781810	UNION PACIFIC CORP	UNP	   	Railroads
90864010	UNION TEXAS PETRO HLDG	UTH	   	Oil & Gas 
Productlon
90890610	UNIONBANCAL CORP	UNBC	   	Major Banks
91058110	UNITED HEALTHCARE COR	UNH	   	Managed 
Health Care
91159610	U S BANCORP	USBC	   	Major Banks
91191010	U S HEALTHCARE INC 	USHC		Managed 
Health Care
91270710	U S SURGICAL CORP 	USS		Medical 
Specialties
91288910	U S WEST COMMUNICATION 	USW		Major US 
Telecommunicati
91288920	U S WEST MEDIA GROUP 	UMG		Broadcasting
91301710	UNITED TECHNOLOGIES CO 	UTX		Aerospace
91353810	UNIVERSAL FOODS C0RP	UFC		Specialty 
Foods/Candy
91528910	UNOCAL CORP	UCL		Integrated Oil Companies
91820410	VF CORP		VFC		Apparel
91827010	VLSI TECHNOLOGY INC	VLSI	
	Semiconductors
91913810	VALERO ENERGY CORP	VLO		Oil 
Refining/Marketing
92224R60	VARITY CORP	VAT		Construction/Ag 
Equip/Tru
92260210	VENCOR INC		VC		Hospital 
Management
92552430	VIACOM INC -CL B	VIA.B	
	Movies/Entertainment
92691310	VIKING OFFICE PRODS INC	VKNG	
	Catalog/Specialty Dist
92829810	VISHAY INTRECHNOLOGY	VSH		Electronic 
Components
92886910	VONS COMPANIES INC	VON		Food Chains
92929Q10	WMX TECHNOLOGIES INC	WMX	
	Environmental Services
92977110	WACHOVIA CORP	WB		Major Banks
93114210	WAL-MART STORES	WMT		Discount Chains
93142210	WALGREEN CO	WAG		Drug Store Chains
93439010	WARNACO GROUP INC -CL	WAC		Apparel
93448810	WARNER-LAMBERT CO	WLA		Major 
Pharmaceuticals
93932210	WASHINGTON MUTUAL INC	WAMU		Savings & 
Loan Associatio
93964010	WASHINGTON POST -CL B	WPO		Newspapers
94266310	WATSON PHARMACEUTICA	WATS		Generic 
Drugs
94973G10	WELLPOINT HLTH NETWRK	WLP		Managed 
Hea1th Care
94974010	WELLS FARGO & CO	WFC		Major Banks
95059010	WENDY'S INTERNATIONAL I	WEN		Restaurants
95767410	WESTERN ATLAS INC	WAI		Oilfield 
Services/Equipmen
96154810	WESTVACO CORP	W		Paper
96216610	WEYERHAEUSER CO	WY		Forest Products
96290130	WHEELABRATOR TECHNOL	WTI	
	Environmental Services
96332010	WHIRLPOOLCORP	WHR		Consumer 
Elect/Appliance
96647K10	WHITMAN CORP	WH		Multi-Sector 
Companies
96913310	WILLAMETTE INDUSTRIES	WMTT		Paper
96945710	WILLIAMS COS INC	WMB		Oil/Gas 
Transmission
97428010	WINN-DIXIE STORES INC	WIN		Food Chains
97659210	WISCONSIN CENTRAL TRAN 	WCLX		Railroads
97665710	WISCONSIN ENERGY CORP		WEC	
	Electric Utilities: Central
97738510	WITCOCORP		WIT		Specialty 
Chemicals
98155K10	WORLDCOM INC/GA -CL A		WCOM		Other 
Telecommunications
98181110	WORTHINGTON INDUSTRIE		WTHG	
	Steel/Iron Ore
98252610	WRIGLEY (WM) JR CO		WWY	
	Specialty Foods/Candy
98412110	XEROX CORP		XRX		Office 
Equipment/Supplies
G9075110	TRITON ENERGY LTD		OIL		Oil & Gas 
Production



PART C
OTHER INFORMATION


Item 24.	Financial Statements and Exhibits

	(a)	Financial Statements:

	Included in Part A

			Financial Highlights

	Included in Part B
   
	Audited Financial Statements for Quantus II and 
Quantus Equity Managed Portfolio for the fiscal year ended 
December 31, 1995 are incorporated into the Statement of 
Additional Information by reference to the Annual Report of 
Paribas Trust for Institutions:
    
Portfolio of Investments
Statement of Assets and Liabilities
Statement of Operations
Statement of Changes in Net Assets 
Notes to Financial Statements
   Report of Independent Public Accountants     


	(b)	Exhibits:


Exhibit No.		Description of Exhibit

1 (a)	Declaration of Trust is incorporated by reference to 
the Registrant's Registration Statement (the "Registration 
Statement").

(b)	Certificate of Amendment of Declaration of Trust, 
dated January 28, 1986 is incorporated by reference to Pre-
Effective Amendment No.  2 as filed with the SEC on January 
26, 1986 ("Pre-Effective Amendment No. 2").

(c)	Certificate of Amendment of Declaration of Trust, 
dated October 4, 1988 is incorporated by reference to Post-
Effective Amendment No. 5 as filed with the SEC on October 
6, 1988 ("Post-Effective Amendment No. 5").

2.	Registrant's By-Laws are incorporated by reference to 
the Registration Statement.

3.	   Not Applicable.    

4.	Specimen certificates for shares of beneficial 
interest of Registrant are incorporated by reference to 
Post-Effective Amendment No. 5.

5 (a)	   Investment Advisory Agreement between Registrant 
and Paribas Asset Management, Inc. relating to Quantus II is 
incorporated by reference to Post-Effective Amendment No. 12 
as filed with the SEC on April 27, 1995 ("Post-Effective 
Amendment No. 12").     

(b)	   Investment Advisory Agreement between Registrant 
and Paribas Asset Management, Inc. relating to the Quantus 
Equity Managed Portfolio is incorporated by reference to 
Post-Effective Amendment No. 12.      

6 (a)	Distribution Agreement between Registrant and Paribas 
Corporation relating to Quantus II is incorporated by 
reference to Pre-Effective Amendment No. 4 as filed with the 
SEC on April 9, 1986 ("Pre-Effective Amendment No. 4").

(b)	Distribution Agreement between Registrant and Paribas 
Corporation relating to the Quantus Equity Managed Portfolio 
is incorporated by reference to Pre-Effective Amendment No. 
4.

7.	   Not Applicable.    

8.	   Custody Agreement between Registrant and Boston 
Safe Deposit and Trust Company is incorporated by reference 
to Post-Effective Amendment No. 12.     

9 (a)	   Transfer Agency Agreement between Registrant and 
Unified Advisers, Inc. is incorporated by reference to Post-
Effective Amendment No. 12.     

(b)	License agreement regarding use of name is 
incorporated by reference to Pre-Effective Amendment No. 2.

(c)	   Administration Agreement between Registrant and The 
Shareholder Services Group, Inc. is incorporated by 
reference to Post-Effective Amendment No. 12.     

10.	Opinion of Counsel as to the legality of securities 
being registered is filed herein.

11.	Consent of Arthur Andersen LLP is filed herein.

12.	   Not Applicable.     

13.	Investment Certificate of Intech/Paribas Asset 
Management is incorporated by reference to Pre-Effective 
Amendment No. 3 as filed with the SEC on March 11, 1986.

14.	    Not Applicable.
    
   

15.	12b-1 Plan of Quantus Equity Managed Portfolio is 
incorporated by reference to the Registrant's Post-Effective 
Amendment No. 5.

16.	
    
   Not Applicable.     

17.	   Financial Data Schedules for each series are filed 
herewith.     


Item 25.	Persons Controlled by or under 
	Common Control with Registrant

	   Not Applicable.     



Item 26.	Number of Holders of Securities

	Number of Record
	Holders as of
Title of Class	April 22, 1996

Shares of Beneficial Interest, 	70
par value $0.10 per share of 
Quantus Equity Managed Portfolio

Shares of Beneficial Interest,	1
par value $0.10 per share of 
Quantus II

Item 27.	Indemnification

		Reference is made to Section 5.3 of the 
Declaration of Trust.

		Insofar as the conditional advancing of 
indemnification monies for actions based upon the Investment 
Company Act of 1940 may be concerned, such payments will be 
made only on the following conditions: (i) the advances must 
be limited to amounts used, or to be used, for the 
preparation or presentation of a defense to the action, 
including costs connected with the preparation of a 
settlement; (ii) advances may be made only upon receipt of a 
written promise by, or on behalf of, the recipient to repay 
that amount of the advance which exceeds that amount which 
it is ultimately determined he is entitled to receive from 
the Registrant by reason of indemnification; and (iii) 
(a) such promise must be secured by a surety bond, other 
suitable insurance or an equivalent form of security which 
assures that any repayments may be obtained by the 
Registrant without delay or litigation, which bond, 
insurance or other form of security must be provided by the 
recipient of the advance, or (b) a majority of a quorum of 
the Registrant's disinterested, non-party trustees, or an 
independent legal counsel in a written opinion, shall 
determine, based upon a review of readily available facts, 
that the recipient of the advance ultimately will be found 
entitled to indemnification.

		Insofar as indemnification for liabilities 
arising under the Securities Act of 1933 may be permitted to 
trustees, officers and controlling persons of the Registrant 
pursuant to the foregoing provisions or otherwise, the 
Registrant has been advised that in the opinion of the 
Securities and Exchange Commission such indemnification is 
against public policy as expressed in the Act and is, 
therefore, unenforceable.  In the event that a claim for 
indemnification against such liabilities (other than the 
payment by the Registrant of expenses incurred or paid by a 
trustee, officer or controlling person of the Registrant in 
connection with the successful defense of any action, suit 
or proceeding) is asserted by the trustee, officer or 
controlling person in connection with shares being 
registered, the Registrant will, unless in the opinion of 
its counsel the matter has been settled by controlling 
precedent, submit to a court of appropriate jurisdiction the 
question whether such indemnification by it is against 
public policy as expressed in the Act and will be governed 
by the final adjudication of such issue.

Item 28.	Business and Other Connections of Investment 
Adviser

		Paribas Asset Management, Inc.  (the "Investment 
Adviser") acts as the investment adviser to the Registrant 
and various individuals and institutions.

		Set forth below is a list of each director and 
principal officer of the Investment Adviser indicating each 
business, profession, vocation or employment of a 
substantial nature in which each such person has been 
engaged since January 1, 1986 for his own account or in the 
capacity of officer, partner or director:




Name	Position with	Other Substantial Business, 
Profession,
	Investment Adviser	Vacation or Employment		
   
Richard Wohanka	Chairman of the Board	Paribas Asset 
Management Snc., October 1993 to present; Head of 
Institutional Fund Management, Paribas Asset Management 
Snc., January 1990 to October 1993; Director, Banque Paribas 
Capital Markets London, 1983 to 1990
    

Philippe Blavier	Director	Chief Executive Officer, 
Banque Paribas, New York and Chief Executive Officer, 
Paribas North America, September 1991 to present; Director, 
Banque Paribas, Paris, 1988 to September 1991; Managing 
Director, Banque Paribas, Paris, 1985 to 1988


Christopher Wyke	Director	Marketing Executive, Paribas 
Asset Management, Inc., June 1991 to present; Director Bond 
Management, Bankers Trust Investment Management, October 
1988 to June 1991; Portfolio Manager, N.M. Rothschild Asset 
Management, May 1981 to October 1988
        

Catherine Guinefort	Sr. Investment Officer,	Senior Vice 
President, Paribas Asset
	European Equities	Management Snc., 1988 to present; 
Portfolio Manager, Banque Worms, 1981 to 1988

Olivier Huby	Senior Investment Officer,	Senior Vice 
President, Paribas Asset
	U.S. Equities	Management Snc., January, 1984 to 
present; Vice President, Banque    Paribas, February 1963 to 
December 1983     

Drianne Benner	Vice President	Vice President, Aiyer 
Investments, Inc. January, 1990 to March, 1991; Senior Vice 
President, Paribas Asset Management Technology, August 1983 
to January 1990; Project Officer, Government of Jamaica 
Ministry of    Agriculture, November 1982 to June 1983     





Mark Weber	Executive Vice President	Head of 
Institutional Marketing, Paribas Asset Management, Inc., 
since January, 1995, General Manager, Bank Paribas 
Singapore, August 1993 to December 1994, Head of Finance 
Desk, Paribas Capital Market London, October 1985 to August 
1988


   Bruce R. Russell	Senior Investment Officer	Senior 
Investment Officer, Paribas Asset Management, Ltd. - Asset 
Allocation since August 1994; Fidelity International 
Investments, Senior Investment Officer, Global Bonds, 
September 1980 to August 1994; Abbey Life Assurance Co., 
London, Investment Manager, September 1980 to August 1984	
	    


   Daniel Charles Roy		Senior Investment Officer 
Paribas Asset Management, Ltd., Senior Investment Officer 
since September, 1992; Paribas Asset Management, S.N.C., 
Senior Investment Officer, September 1986 to August 1992; 
Banque Nationale De Paris, Economist, March 1985 to August 
1986; Observatoire Francais Des Conjonctures Economists, 
September 1 to February 1985       



Item 29.	Principal Underwriters

		The Distributor, Paribas Corporation, acts as 
the principal underwriter for the Registrant.  Paribas 
Corporation is a wholly owned subsidiary of Paribas North 
America and an affiliate of Paribas Asset Management, Inc.  
Paribas Corporation is registered broker-dealer under the 
Securities Exchange Act of 1934.

		Set forth below is information concerning each 
director and officer of the Distributor.  The principal 
business address of each such person is 787 Seventh Avenue, 
New York, New York  10019.

	(1)	(2)	(3)
	Name	Positions and Offices	Positions and Offices
		with Underwriter	with Registrant

   
David Brunner	Chief Executive Officer	None
John Powers	Chief Legal Counsel	None
Donna Kiernan	Chief Financial Officer	None
Philippe Blavier	Vice Chairman	None
Guillaume de Beaufort	Head of Administration	None
Nancy Gilroy	Senior Compliance Officer	None
Alec DeLasdiere	Director	None

    

Item 30.	Location of Accounts and Records

All accounts, books and other documents required to be 
maintained by the Registrant pursuant to Section 31(a) of 
the Investment Company Act of 1940, as amended and Rules 
31a-1 through Rule 31a-3 thereunder will be maintained at 
the offices of:

(1)	   First Data Investor Services Group, Inc.     
	One Exchange Place
	Boston, MA  02109
	(records relating to its functions as administrator)

(2)	Unified Advisers, Inc.
	429 North Pennsylvania Street
	Indianapolis, IN  46204
	(records relating to its functions as transfer agent)

(3)	Paribas Corporation
	787 Seventh Avenue
	New York, NY  10019
	(matters relating to its functions as distributor)

(4)	Paribas Asset Management, Inc.
	34 avenue de l'Opra
	75002 Paris	
	(matters relating to its functions as investment 
adviser)

(5)	Boston Safe Deposit and Trust Company
	One Boston Place
	Boston, MA  02108
	(matters relating to its functions as custodian)

Item 31.	Management Services

		Inapplicable.

Item 32.	Undertakings

		(a)	Not applicable

   (b)	The Registrant undertakes to furnish each person 
to whom a prospectus is delivered with a copy of the 
Registrant's latest annual report to shareholders, upon 
request, and without charge.

(c)	Registrant hereby undertakes to call a meeting of 
shareholders for the purpose of voting upon the question of 
removal of a Trustee or Trustees of Registrant when 
requested to do so by the holders at least 10% of 
Registrant's outstanding shares.  Registrant undertakes 
further, in connection with any such meeting, to comply with 
the provisions of Section 16(c) of the Investment Company 
Act of 1940, as amended, relating to communications with the 
shareholders of certain common-law trusts.     


   SIGNATURES


Pursuant to the requirements of the Securities Act of 1933 and the
 Investment Company 
Act of 1940, as amended, the Registrant, PARIBAS TRUST FOR INSTITUTIONS, 
certifies that it meets the requirements for effectiveness of this Post-
Effective 
Amendment to its Registration Statement pursuant to Rule 485(b) under the
 Securities 
Act of 1933, and the Registrant has duly caused this Post-Effective Amendment
 to its 
Registration Statement to be signed on its behalf by the undersigned, thereto
 duly 
authorized, in the City and State of New York, on the 29th day of April, 1996.


PARIBAS TRUST FOR INSTITUTIONS

By:	ALAIN  LECLAIR
	Alain Leclair
	Chairman
										
	
Pursuant to the requirements of the Securities Act of 1933, as amended, this
 Post-
Effective Amendment to the Registration Statement has been signed below by the 
following persons in the capacities and on the dates indicated.

	Signature			Title				Date


ALAIN LECLAIR			President, Chairman		4/29/96
Alain Leclair				and Principal Executive Officer

KURT BRAITBERG			Secretary and Treasurer	4/29/96
Kurt Braitberg				(Chief Financial and Accounting
					Officer)

JOHN W. ENGLISH			Trustee			4/29/96
John W. English

DR. GEOFFREY MOORE		Trustee			4/29/96
Dr. Geoffrey Moore

OLIVIER HUBY			Trustee			4/29/96
Olivier Huby

THOMAS C. PRYOR		Trustee			4/29/96
Thomas C. Pryor             



INDEX TO EXHIBITS


Exhibit Number		Exhibit

   
10	Opinion of Counsel as to the legality of securities 
being registered.

11	Consent of Arthur Andersen LLP.

17	Financial Data Schedules for each series.
    


*	See "Redemption of Shares -- Contingent Deferred Sales Charge" for a
 description of this charge and the 
circumstances under which it may be reduced or eliminated.
**	See "Purchase of Shares -- Plan of Distribution" for a description of
 this fee.  Payment of this fee was 
suspended as of January 1, 1994.
***	The Investment Adviser may be required to waive or reimburse some or all
 of the Management Fees to the 
extent that the Portfolio's actual Total Portfolio Operating Expenses
 exceed 2.50% of its average net assets.  
See "Investment Adviser".
*  Interested person of the Trust, as defined in the 1940 Act.

*  A Trustee who is an interested person of the Trust, as defined
 by the Investment Company Act of 1940, as amended (the 
"1940 Act").
*  Interested person of the Trust, as defined in the 1940 Act.
*   A Trustee who is an interested person of the Trust, as defined in
 the Investment Company Act of 1940, as amended (the "1940 
Act").

EX-99.10

							Exhibit No. 10

CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the use of 
our report dated January 31, 1996 on the financial statements of 
Paribas Trust for Institutions for the period ended December 31, 
1995 and to all references to our Firm included in or made a part 
of the registration statement of Paribas Trust for Institutions 
filed on Form N-1A (Amendment No. 17), Investment Company Act File 
No. 811-4407 with the Securities and Exchange Commission.


Arthur Anderson LLP
ARTHUR ANDERSON LLP

New York, New York
April 26,1996

EX-99.11

							Exhibit No. 11




April 29, 1996



Paribas Trust for Institutions
787 Seventh Avenue
New York, NY 10019

Re:	Post-Effective Amendment No. 13 to the Registration 
	Statement for
	Paribas Trust for Institutions
	File Nos:  811-4407 and 33-313

Gentlemen:

In connection with the registration of 95,433 shares of beneficial 
interest, $.10 par value per share, of Quantus Equity Managed 
Portfolio and Quantus II (the "Shares"), series of Paribas Trust 
for Institutions (the "Trust"), a Massachusetts business trust, 
pursuant to Post-Effective Amendment No. 13 to the Trust's 
Registration Statement under the Securities Act of 1933, as 
amended (the "1933 Act"), and in reliance upon Rule 24e-2 under 
the Investment Company Act of 1940, as amended (the "1940 Act"), 
you have requested that the undersigned provide the required legal 
opinion.

The undersigned is Counsel of First Data Investor Services Group, 
Inc., the Trust's administrator, and in such capacity, from time 
to time and for certain purposes, acts as counsel to the Trust.  I 
have examined copies of the Trust's Declaration of Trust, as 
amended, its By-Laws, votes adopted by its Board of Trustees, and 
such other records and documents as I have deemed necessary for 
purposes of this opinion.

On the basis of the foregoing, I am of the opinion that the Shares 
when sold in accordance with the terms of the Trust's current 
Prospectus and Statement of Additional Information will, at the 
time of sale, be validly issued, fully paid and non-assessable by 
the Trust.  This opinion is for the limited purposes expressed 
above and should not be deemed to be an expression of opinion as 
to compliance with the 1933 Act, the 1940 Act or applicable State 
"blue sky" laws in connection with the sales of the Shares.

The Trust is an entity of the type commonly known as a 
"Massachusetts business trust."  Under Massachusetts law, 
shareholders could, under certain circumstances, be held 
personally liable for the obligations of the Trust.  However, the 
Trust's Declaration of Trust provides that if a shareholder of the 
Trust is charged or held personally liable solely by reason of 
being or having been a shareholder, the shareholder shall be 
entitled out of the assets of the Trust to be held harmless from 
and indemnified against all loss and expense arising from such 
liability.  Thus, the risk of a shareholder incurring financial 
loss on account of shareholder liability is limited to 
circumstances in which the Trust itself would be unable to meet 
its obligations.



I consent to the filing of this opinion with and as part of the 
aforementioned Post-Effective Amendment to the Trust's 
Registration Statement.

Very truly yours,

GAIL A. HANSON

Gail A.Hanson
Counsel

EX-99.17

[SERIES]
              [NUMBER]  2
              [NAME] PARIBAS TRUST FOR INSTITUTIONS QUANTUS I
                                      
[PERIOD-TYPE]                            12-MOS
[FISCAL-YEAR-END]                        DEC-31-1995
[PERIOD-END]                             DEC-31-1995
[INVESTMENTS-AT-COST]                                        2,048,405
[INVESTMENTS-AT-VALUE]                                       2,512,781
[RECEIVABLES]                                                    3,864
[ASSETS-OTHER]                                                       0
[OTHER-ITEMS-ASSETS]                                           345,818
[TOTAL-ASSETS]                                               2,862,463
[PAYABLE-FOR-SECURITIES]                                             0
[SENIOR-LONG-TERM-DEBT]                                              0
[OTHER-ITEMS-LIABILITIES]                                       46,301
[TOTAL-LIABILITIES]                                             46,301
[SENIOR-EQUITY]                                                      0
[PAID-IN-CAPITAL-COMMON]                                     2,253,205
[SHARES-COMMON-STOCK]                                          318,080
[SHARES-COMMON-PRIOR]                                          350,430
[ACCUMULATED-NII-CURRENT]                                            0
[OVERDISTRIBUTION-NII]                                               0
[ACCUMULATED-NET-GAINS]                                         98,581
[OVERDISTRIBUTION-GAINS]                                             0
[ACCUM-APPREC-OR-DEPREC]                                       464,376
[NET-ASSETS]                                                 2,816,162
[DIVIDEND-INCOME]                                               52,190
[INTEREST-INCOME]                                                    0
[OTHER-INCOME]                                                       0
[EXPENSES-NET]                                                  67,192
[NET-INVESTMENT-INCOME]                                        (15,002)
[REALIZED-GAINS-CURRENT]                                       439,371
[APPREC-INCREASE-CURRENT]                                      362,121
[NET-CHANGE-FROM-OPS]                                          786,490
[EQUALIZATION]                                                       0
[DISTRIBUTIONS-OF-INCOME]                                            0
[DISTRIBUTIONS-OF-GAINS]                                      (320,187)
[DISTRIBUTIONS-OTHER]                                                0
[NUMBER-OF-SHARES-SOLD]                                              0
[NUMBER-OF-SHARES-REDEEMED]                                    (66,375)
[SHARES-REINVESTED]                                             34,025
[NET-CHANGE-IN-ASSETS]                                         210,920
[ACCUMULATED-NII-PRIOR]                                              0
[ACCUMULATED-GAINS-PRIOR]                                            0
[OVERDISTRIB-NII-PRIOR]                                              0
[OVERDIST-NET-GAINS-PRIOR]                                           0
[GROSS-ADVISORY-FEES]                                           17,508
[INTEREST-EXPENSE]                                                   0
[GROSS-EXPENSE]                                                105,476
[AVERAGE-NET-ASSETS]                                         2,685,958
[PER-SHARE-NAV-BEGIN]                                             7.43
[PER-SHARE-NII]                                                  (0.05)
[PER-SHARE-GAIN-APPREC]                                           2.60
[PER-SHARE-DIVIDEND]                                              0.00
[PER-SHARE-DISTRIBUTIONS]                                        (1.13)
[RETURNS-OF-CAPITAL]                                              0.00
[PER-SHARE-NAV-END]                                               8.85
[EXPENSE-RATIO]                                                   2.50
[AVG-DEBT-OUTSTANDING]                                               0
[AVG-DEBT-PER-SHARE]                                                 0

[ARTICLE]  6
[SERIES]
              [NUMBER]  1
              [NAME] PARIBAS TRUST FOR INSTITUTIONS QUANTUS II



                                      
[PERIOD-TYPE]                            12-MOS
[FISCAL-YEAR-END]                        DEC-31-1995
[PERIOD-END]                             DEC-31-1995
[INVESTMENTS-AT-COST]                                       83,427,986
[INVESTMENTS-AT-VALUE]                                      94,961,701
[RECEIVABLES]                                                  129,490
[ASSETS-OTHER]                                                       0
[OTHER-ITEMS-ASSETS]                                             5,840
[TOTAL-ASSETS]                                              95,097,031
[PAYABLE-FOR-SECURITIES]                                             0
[SENIOR-LONG-TERM-DEBT]                                              0
[OTHER-ITEMS-LIABILITIES]                                    6,633,817
[TOTAL-LIABILITIES]                                          6,633,817
[SENIOR-EQUITY]                                                      0
[PAID-IN-CAPITAL-COMMON]                                    76,904,774
[SHARES-COMMON-STOCK]                                        7,173,772
[SHARES-COMMON-PRIOR]                                        7,173,772
[ACCUMULATED-NII-CURRENT]                                            0
[OVERDISTRIBUTION-NII]                                         (68,065)
[ACCUMULATED-NET-GAINS]                                         92,790
[OVERDISTRIBUTION-GAINS]                                             0
[ACCUM-APPREC-OR-DEPREC]                                    11,533,715
[NET-ASSETS]                                                88,463,214
[DIVIDEND-INCOME]                                            1,599,705
[INTEREST-INCOME]                                              106,098
[OTHER-INCOME]                                                       0
[EXPENSES-NET]                                                 838,908
[NET-INVESTMENT-INCOME]                                        866,895
[REALIZED-GAINS-CURRENT]                                     6,342,410
[APPREC-INCREASE-CURRENT]                                   13,332,202
[NET-CHANGE-FROM-OPS]                                       20,541,507
[EQUALIZATION]                                                       0
[DISTRIBUTIONS-OF-INCOME]                                     (880,222)
[DISTRIBUTIONS-OF-GAINS]                                    (5,591,238)
[DISTRIBUTIONS-OTHER]                                                0
[NUMBER-OF-SHARES-SOLD]                                              0
[NUMBER-OF-SHARES-REDEEMED]                                          0
[SHARES-REINVESTED]                                                  0
[NET-CHANGE-IN-ASSETS]                                      14,070,047
[ACCUMULATED-NII-PRIOR]                                         37,712
[ACCUMULATED-GAINS-PRIOR]                                            0
[OVERDISTRIB-NII-PRIOR]                                              0
[OVERDIST-NET-GAINS-PRIOR]                                    (652,087)
[GROSS-ADVISORY-FEES]                                          382,369
[INTEREST-EXPENSE]                                                   0
[GROSS-EXPENSE]                                                838,908
[AVERAGE-NET-ASSETS]                                        85,676,788
[PER-SHARE-NAV-BEGIN]                                            10.37
[PER-SHARE-NII]                                                   0.12
[PER-SHARE-GAIN-APPREC]                                           2.74
[PER-SHARE-DIVIDEND]                                             (0.12)
[PER-SHARE-DISTRIBUTIONS]                                        (0.78)
[RETURNS-OF-CAPITAL]                                              0.00
[PER-SHARE-NAV-END]                                              12.33
[EXPENSE-RATIO]                                                   0.98
[AVG-DEBT-OUTSTANDING]                                               0
[AVG-DEBT-PER-SHARE]                                                 0