Except for the vibrational excitations of K and K* mesons, the main feature
s of spectra of mesons composed of quarks u, d, and s can be quite well des
cribed by a semirelativistic potential model including instanton induced fo
rces. The spectra of baryons composed of the same quarks is studied using t
he same model. The results and the limitations of this approach are describ
ed. Some possible improvements are suggested.