AMERIPRIME FUNDS
NSAR-B, EX-27, 2000-09-13
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<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                         0001000579
<NAME>                        AMERIPRIME FUNDS
<SERIES>
   <NUMBER>                   5
   <NAME>                     IMS CAPITAL VALUE FUND
<CURRENCY>                                     U.S. Dollars

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              JUN-30-2000
<PERIOD-START>                                 JUL-01-1999
<PERIOD-END>                                   JUN-30-2000
<EXCHANGE-RATE>                                1
<INVESTMENTS-AT-COST>                          9172412
<INVESTMENTS-AT-VALUE>                         11677007
<RECEIVABLES>                                  13615
<ASSETS-OTHER>                                 0
<OTHER-ITEMS-ASSETS>                           9982
<TOTAL-ASSETS>                                 11700604
<PAYABLE-FOR-SECURITIES>                       0
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      116030
<TOTAL-LIABILITIES>                            116030
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       8800927
<SHARES-COMMON-STOCK>                          832670
<SHARES-COMMON-PRIOR>                          797094
<ACCUMULATED-NII-CURRENT>                      0
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        279052
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       2504595
<NET-ASSETS>                                   11584574
<DIVIDEND-INCOME>                              116193
<INTEREST-INCOME>                              23439
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 180100
<NET-INVESTMENT-INCOME>                        (40468)
<REALIZED-GAINS-CURRENT>                       333492
<APPREC-INCREASE-CURRENT>                      431787
<NET-CHANGE-FROM-OPS>                          724811
<EQUALIZATION>                                 1
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       1175174
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        918215
<NUMBER-OF-SHARES-REDEEMED>                    1656678
<SHARES-REINVESTED>                            1165509
<NET-CHANGE-IN-ASSETS>                         (23317)
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      1123819
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          142721
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                235166
<AVERAGE-NET-ASSETS>                           11327039
<PER-SHARE-NAV-BEGIN>                          14.56
<PER-SHARE-NII>                                (.05)
<PER-SHARE-GAIN-APPREC>                        .88
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      (1.48)
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            13.91
<EXPENSE-RATIO>                                1.59



</TABLE>


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