LEUTHOLD FUNDS INC
NSAR-B, EX-27, 2000-11-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000351
<NAME> LEUTHOLD FUNDS, INC.
<SERIES>
   <NUMBER>                   3
   <NAME>                     LEUTHOLD SELECT INDUSTRIES FUND
<MULTIPLIER>                  1

<S>                                           <C>
<PERIOD-TYPE>                                 4-MOS
<FISCAL-YEAR-END>                                                SEP-30-2000
<PERIOD-START>                                                   JUN-19-2000
<PERIOD-END>                                                     SEP-30-2000
<INVESTMENTS-AT-COST>                                              2,195,760
<INVESTMENTS-AT-VALUE>                                             2,440,897
<RECEIVABLES>                                                            985
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<OTHER-ITEMS-ASSETS>                                                       0
<TOTAL-ASSETS>                                                     2,462,940
<PAYABLE-FOR-SECURITIES>                                             115,299
<SENIOR-LONG-TERM-DEBT>                                                    0
<OTHER-ITEMS-LIABILITIES>                                             33,508
<TOTAL-LIABILITIES>                                                  148,807
<SENIOR-EQUITY>                                                            0
<PAID-IN-CAPITAL-COMMON>                                           2,076,801
<SHARES-COMMON-STOCK>                                                193,521
<SHARES-COMMON-PRIOR>                                                      0
<ACCUMULATED-NII-CURRENT>                                                  0
<OVERDISTRIBUTION-NII>                                                     0
<ACCUMULATED-NET-GAINS>                                               (7,805)
<OVERDISTRIBUTION-GAINS>                                                   0
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<NET-ASSETS>                                                       2,314,133
<DIVIDEND-INCOME>                                                      2,159
<INTEREST-INCOME>                                                      1,971
<OTHER-INCOME>                                                             0
<EXPENSES-NET>                                                        (5,709)
<NET-INVESTMENT-INCOME>                                               (1,579)
<REALIZED-GAINS-CURRENT>                                              (6,226)
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<NET-CHANGE-FROM-OPS>                                                237,332
<EQUALIZATION>                                                             0
<DISTRIBUTIONS-OF-INCOME>                                                  0
<DISTRIBUTIONS-OF-GAINS>                                                   0
<DISTRIBUTIONS-OTHER>                                                      0
<NUMBER-OF-SHARES-SOLD>                                              193,501
<NUMBER-OF-SHARES-REDEEMED>                                           (9,980)
<SHARES-REINVESTED>                                                        0
<NET-CHANGE-IN-ASSETS>                                             2,214,133
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<OVERDISTRIB-NII-PRIOR>                                                    0
<OVERDIST-NET-GAINS-PRIOR>                                                 0
<GROSS-ADVISORY-FEES>                                                  2,928
<INTEREST-EXPENSE>                                                         0
<GROSS-EXPENSE>                                                       46,797
<AVERAGE-NET-ASSETS>                                               1,027,513
<PER-SHARE-NAV-BEGIN>                                                  10.00
<PER-SHARE-NII>                                                        (0.01)
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<PER-SHARE-DIVIDEND>                                                    0.00
<PER-SHARE-DISTRIBUTIONS>                                               0.00
<RETURNS-OF-CAPITAL>                                                       0
<PER-SHARE-NAV-END>                                                    11.96
<EXPENSE-RATIO>                                                         1.95


</TABLE>


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