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-31-1999
<PERIOD-START>                                              JAN-01-1999
<PERIOD-END>                                                MAR-31-1999
<INVESTMENTS-AT-COST>                                       125,312,477
<INVESTMENTS-AT-VALUE>                                      150,196,165
<RECEIVABLES>                                                 4,912,722
<ASSETS-OTHER>                                                   22,328
<OTHER-ITEMS-ASSETS>                                                912
<TOTAL-ASSETS>                                              155,132,127
<PAYABLE-FOR-SECURITIES>                                      2,272,283
<SENIOR-LONG-TERM-DEBT>                                               0
<OTHER-ITEMS-LIABILITIES>                                       337,181
<TOTAL-LIABILITIES>                                           2,609,464
<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>                                                152,522,663
<DIVIDEND-INCOME>                                               689,231
<INTEREST-INCOME>                                                70,848
<OTHER-INCOME>                                                        0
<EXPENSES-NET>                                                  273,299
<NET-INVESTMENT-INCOME>                                         486,780
<REALIZED-GAINS-CURRENT>                                      8,035,258
<APPREC-INCREASE-CURRENT>                                    (8,908,259)
<NET-CHANGE-FROM-OPS>                                          (386,221)
<EQUALIZATION>                                                        0
<DISTRIBUTIONS-OF-INCOME>                                             0
<DISTRIBUTIONS-OF-GAINS>                                              0
<DISTRIBUTIONS-OTHER>                                                 0
<NUMBER-OF-SHARES-SOLD>                                         352,921
<NUMBER-OF-SHARES-REDEEMED>                                    (260,065)
<SHARES-REINVESTED>                                                   0
<NET-CHANGE-IN-ASSETS>                                        1,739,723
<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>                                        149,802,841
<PER-SHARE-NAV-BEGIN>                                                23.53
<PER-SHARE-NII>                                                       0.08
<PER-SHARE-GAIN-APPREC>                                              (0.15)
<PER-SHARE-DIVIDEND>                                                  0
<PER-SHARE-DISTRIBUTIONS>                                             0
<RETURNS-OF-CAPITAL>                                                  0
<PER-SHARE-NAV-END>                                                  23.46
<EXPENSE-RATIO>                                                       0.74
<AVG-DEBT-OUTSTANDING>                                                0
<AVG-DEBT-PER-SHARE>                                                  0
        

</TABLE>