<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002403
<NAME> EAI SELECT MANAGERS EQUITY FUND
<SERIES>
<NUMBER> 1
<NAME> Evaluation Associate Capital Markets Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-1-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 55,940,112
<INVESTMENTS-AT-VALUE> 68,771,522
<RECEIVABLES> 1,999,424
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<OTHER-ITEMS-ASSETS> 0
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,150,829
<TOTAL-LIABILITIES> 1,150,829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,745,573
<SHARES-COMMON-STOCK> 6,211,881
<SHARES-COMMON-PRIOR> 5,889,293
<ACCUMULATED-NII-CURRENT> 0
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<ACCUM-APPREC-OR-DEPREC> (50,333)
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<DIVIDEND-INCOME> 292,346
<INTEREST-INCOME> 44,175
<OTHER-INCOME> 0
<EXPENSES-NET> 386,854
<NET-INVESTMENT-INCOME> (50,333)
<REALIZED-GAINS-CURRENT> 8,257,465
<APPREC-INCREASE-CURRENT> (7,806,471)
<NET-CHANGE-FROM-OPS> 400,661
<EQUALIZATION> 0
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<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,342,490
<NUMBER-OF-SHARES-REDEEMED> 2,646,987
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,096,164
<ACCUMULATED-NII-PRIOR> 0
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<PER-SHARE-NAV-BEGIN> 11.13
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<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.21
<EXPENSE-RATIO> 1.15
</TABLE>
