WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>         6
<LEGEND>
This schedule contains summary financial information extracted from the
Statement of Assets and Liabilities, the Statement of Operations, the Statement
of Changes in Net Assets and the Per Unit Data and Ratios contained in the
financial statements of the fund to which this schedule relates and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<CIK>   0000878375
<NAME>   ABA MEMBERS/STATE STREET COLLECTIVE TRUST
<SERIES>
   <NUMBER> 0
   <NAME>   VALUE EQUITY FUND
       
<S>                                             <C>
<PERIOD-TYPE>                                   3-MOS
<FISCAL-YEAR-END>                               DEC-31-1998
<PERIOD-START>                                  JAN-1-1998
<PERIOD-END>                                    MAR-31-1998
<INVESTMENTS-AT-COST>                                         102,600,596
<INVESTMENTS-AT-VALUE>                                        137,768,412
<RECEIVABLES>                                                   1,431,639
<ASSETS-OTHER>                                                     16,046
<OTHER-ITEMS-ASSETS>                                                    0
<TOTAL-ASSETS>                                                139,216,098
<PAYABLE-FOR-SECURITIES>                                        1,603,342
<SENIOR-LONG-TERM-DEBT>                                                 0
<OTHER-ITEMS-LIABILITIES>                                         784,770
<TOTAL-LIABILITIES>                                             2,388,112
<SENIOR-EQUITY>                                                         0
<PAID-IN-CAPITAL-COMMON>                                                0
<SHARES-COMMON-STOCK>                                                   0
<SHARES-COMMON-PRIOR>                                                   0
<ACCUMULATED-NII-CURRENT>                                               0
<OVERDISTRIBUTION-NII>                                                  0
<ACCUMULATED-NET-GAINS>                                                 0
<OVERDISTRIBUTION-GAINS>                                                0
<ACCUM-APPREC-OR-DEPREC>                                                0
<NET-ASSETS>                                                  136,827,986
<DIVIDEND-INCOME>                                                 520,679
<INTEREST-INCOME>                                                 162,398
<OTHER-INCOME>                                                          0
<EXPENSES-NET>                                                    249,671
<NET-INVESTMENT-INCOME>                                           433,406
<REALIZED-GAINS-CURRENT>                                        1,745,383
<APPREC-INCREASE-CURRENT>                                      10,918,487
<NET-CHANGE-FROM-OPS>                                          13,097,275
<EQUALIZATION>                                                          0
<DISTRIBUTIONS-OF-INCOME>                                               0
<DISTRIBUTIONS-OF-GAINS>                                                0
<DISTRIBUTIONS-OTHER>                                                   0
<NUMBER-OF-SHARES-SOLD>                                           646,010
<NUMBER-OF-SHARES-REDEEMED>                                     (141,217)
<SHARES-REINVESTED>                                                     0
<NET-CHANGE-IN-ASSETS>                                         23,725,342
<ACCUMULATED-NII-PRIOR>                                                 0
<ACCUMULATED-GAINS-PRIOR>                                               0
<OVERDISTRIB-NII-PRIOR>                                                 0
<OVERDIST-NET-GAINS-PRIOR>                                              0
<GROSS-ADVISORY-FEES>                                                   0
<INTEREST-EXPENSE>                                                      0
<GROSS-EXPENSE>                                                         0
<AVERAGE-NET-ASSETS>                                          123,079,168
<PER-SHARE-NAV-BEGIN>                                               20.11
<PER-SHARE-NII>                                                      0.07
<PER-SHARE-GAIN-APPREC>                                              2.14
<PER-SHARE-DIVIDEND>                                                    0
<PER-SHARE-DISTRIBUTIONS>                                               0
<RETURNS-OF-CAPITAL>                                                    0
<PER-SHARE-NAV-END>                                                 22.32
<EXPENSE-RATIO>                                                      0.82
<AVG-DEBT-OUTSTANDING>                                                  0
<AVG-DEBT-PER-SHARE>                                                    0
        

</TABLE>