WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002191
<NAME> FTI FUNDS
<SERIES>
<NUMBER> 050
<NAME> FTI MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MONTHS
<FISCAL-YEAR-END> Nov-30-2000
<PERIOD-END> May-31-2000
<INVESTMENTS-AT-COST> 67,176,031
<INVESTMENTS-AT-VALUE> 66,759,384
<RECEIVABLES> 1,143,144
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 632
<TOTAL-ASSETS> 67,903,160
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 306,804
<TOTAL-LIABILITIES> 306,804
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69,594,160
<SHARES-COMMON-STOCK> 7,201,176
<SHARES-COMMON-PRIOR> 7,394,867
<ACCUMULATED-NII-CURRENT> 206
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,581,363)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (416,647)
<NET-ASSETS> 67,596,356
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,769,358
<OTHER-INCOME> 0
<EXPENSES-NET> (284,650)
<NET-INVESTMENT-INCOME> 1,484,708
<REALIZED-GAINS-CURRENT> (1,027,490)
<APPREC-INCREASE-CURRENT> (234,088)
<NET-CHANGE-FROM-OPS> 223,130
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,485,569)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 573,088
<NUMBER-OF-SHARES-REDEEMED> (766,779)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,101,986)
<ACCUMULATED-NII-PRIOR> 1,067
<ACCUMULATED-GAINS-PRIOR> (553,873)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 175,724
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 301,891
<AVERAGE-NET-ASSETS> 70,289,701
<PER-SHARE-NAV-BEGIN> 9.560
<PER-SHARE-NII> 0.200
<PER-SHARE-GAIN-APPREC> (0.170)
<PER-SHARE-DIVIDEND> (0.200)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.390
<EXPENSE-RATIO> 0.81
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
