LEUTHOLD FUNDS INC
NSAR-A, EX-27, 2000-05-31
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000351
<NAME> LEUTHOLD FUNDS, INC.

<S>                                           <C>
<PERIOD-TYPE>                                 6-MOS
<FISCAL-YEAR-END>                                                SEP-30-2000
<PERIOD-START>                                                   OCT-01-1999
<PERIOD-END>                                                     MAR-31-2000
<INVESTMENTS-AT-COST>                                             53,573,498
<INVESTMENTS-AT-VALUE>                                            60,788,026
<RECEIVABLES>                                                     13,399,826
<ASSETS-OTHER>                                                    12,592,119
<OTHER-ITEMS-ASSETS>                                                       0
<TOTAL-ASSETS>                                                    86,779,971
<PAYABLE-FOR-SECURITIES>                                             980,361
<SENIOR-LONG-TERM-DEBT>                                                    0
<OTHER-ITEMS-LIABILITIES>                                         13,091,340
<TOTAL-LIABILITIES>                                               14,071,701
<SENIOR-EQUITY>                                                            0
<PAID-IN-CAPITAL-COMMON>                                          65,210,460
<SHARES-COMMON-STOCK>                                              6,089,134
<SHARES-COMMON-PRIOR>                                              5,254,932
<ACCUMULATED-NII-CURRENT>                                             17,333
<OVERDISTRIBUTION-NII>                                                     0
<ACCUMULATED-NET-GAINS>                                              593,470
<OVERDISTRIBUTION-GAINS>                                                   0
<ACCUM-APPREC-OR-DEPREC>                                           6,887,007
<NET-ASSETS>                                                      72,708,270
<DIVIDEND-INCOME>                                                    626,414
<INTEREST-INCOME>                                                  1,249,910
<OTHER-INCOME>                                                             0
<EXPENSES-NET>                                                      (448,511)
<NET-INVESTMENT-INCOME>                                            1,427,813
<REALIZED-GAINS-CURRENT>                                             607,602
<APPREC-INCREASE-CURRENT>                                          4,527,205
<NET-CHANGE-FROM-OPS>                                              6,562,620
<EQUALIZATION>                                                             0
<DISTRIBUTIONS-OF-INCOME>                                         (1,441,154)
<DISTRIBUTIONS-OF-GAINS>                                            (733,046)
<DISTRIBUTIONS-OTHER>                                                      0
<NUMBER-OF-SHARES-SOLD>                                            1,239,941
<NUMBER-OF-SHARES-REDEEMED>                                         (581,124)
<SHARES-REINVESTED>                                                  175,385
<NET-CHANGE-IN-ASSETS>                                            14,287,738
<ACCUMULATED-NII-PRIOR>                                               30,674
<ACCUMULATED-GAINS-PRIOR>                                            718,914
<OVERDISTRIB-NII-PRIOR>                                                    0
<OVERDIST-NET-GAINS-PRIOR>                                                 0
<GROSS-ADVISORY-FEES>                                                285,312
<INTEREST-EXPENSE>                                                         0
<GROSS-EXPENSE>                                                      460,972
<AVERAGE-NET-ASSETS>                                              63,344,131
<PER-SHARE-NAV-BEGIN>                                                  11.12
<PER-SHARE-NII>                                                         0.25
<PER-SHARE-GAIN-APPREC>                                                 0.96
<PER-SHARE-DIVIDEND>                                                   (0.25)
<PER-SHARE-DISTRIBUTIONS>                                              (0.14)
<RETURNS-OF-CAPITAL>                                                       0
<PER-SHARE-NAV-END>                                                    11.94
<EXPENSE-RATIO>                                                         1.25



</TABLE>


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