<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>   STABLE ASSET RETURN FUND
       
<S>                                            <C>
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                                           DEC-31-1998
<PERIOD-START>                                              JAN-01-1998
<PERIOD-END>                                                JUN-30-1998
<INVESTMENTS-AT-COST>                                       620,496,905
<INVESTMENTS-AT-VALUE>                                      620,496,905
<RECEIVABLES>                                                 3,318,241
<ASSETS-OTHER>                                                   25,119
<OTHER-ITEMS-ASSETS>                                                  0
<TOTAL-ASSETS>                                              623,840,265
<PAYABLE-FOR-SECURITIES>                                        381,091
<SENIOR-LONG-TERM-DEBT>                                               0
<OTHER-ITEMS-LIABILITIES>                                             0
<TOTAL-LIABILITIES>                                             700,807
<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>                                                623,139,458
<DIVIDEND-INCOME>                                                     0
<INTEREST-INCOME>                                            19,181,552
<OTHER-INCOME>                                                        0
<EXPENSES-NET>                                                1,970,010
<NET-INVESTMENT-INCOME>                                      17,211,542
<REALIZED-GAINS-CURRENT>                                              0
<APPREC-INCREASE-CURRENT>                                             0
<NET-CHANGE-FROM-OPS>                                        17,211,542
<EQUALIZATION>                                                        0
<DISTRIBUTIONS-OF-INCOME>                                   (17,211,542)
<DISTRIBUTIONS-OF-GAINS>                                              0
<DISTRIBUTIONS-OTHER>                                                 0
<NUMBER-OF-SHARES-SOLD>                                      62,658,820
<NUMBER-OF-SHARES-REDEEMED>                                 (91,295,725)
<SHARES-REINVESTED>                                          17,211,542
<NET-CHANGE-IN-ASSETS>                                      (11,425,363)
<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>                                        633,939,531
<PER-SHARE-NAV-BEGIN>                                              1.00
<PER-SHARE-NII>                                                    0.03
<PER-SHARE-GAIN-APPREC>                                               0
<PER-SHARE-DIVIDEND>                                                  0
<PER-SHARE-DISTRIBUTIONS>                                         (0.03)
<RETURNS-OF-CAPITAL>                                                  0
<PER-SHARE-NAV-END>                                                1.00
<EXPENSE-RATIO>                                                    0.01
<AVG-DEBT-OUTSTANDING>                                                0
<AVG-DEBT-PER-SHARE>                                                  0
        

</TABLE>