<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001000579
<NAME> Ameriprime Funds
<SERIES>
<NUMBER> 31
<NAME> Shepherd Values VIF Equity Fund
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> OCT-22-1999
<PERIOD-END> MAR-31-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 4600
<INVESTMENTS-AT-VALUE> 4600
<RECEIVABLES> 19
<ASSETS-OTHER> 111333
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115952
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 285
<TOTAL-LIABILITIES> 285
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 115739
<SHARES-COMMON-STOCK> 11560
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (72)
<OVERDISTRIBUTION-NII> (72)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 115667
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 325
<OTHER-INCOME> 0
<EXPENSES-NET> 285
<NET-INVESTMENT-INCOME> 40
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 40
<EQUALIZATION> 1
<DISTRIBUTIONS-OF-INCOME> 112
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 173645
<NUMBER-OF-SHARES-REDEEMED> 58006
<SHARES-REINVESTED> 100
<NET-CHANGE-IN-ASSETS> 115667
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 285
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 552
<AVERAGE-NET-ASSETS> 65504
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.01
<EXPENSE-RATIO> 1.00
</TABLE>