<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001003632
<NAME> SEI ASSET ALLOCATION FUNDS
<SERIES>
<NUMBER> 010
<NAME> SEI DIVERSIFIED CONSERVATIVE INCOME FUND CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 43200
<INVESTMENTS-AT-VALUE> 43845
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<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44388
<PAYABLE-FOR-SECURITIES> 169
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 178
<TOTAL-LIABILITIES> 347
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42373
<SHARES-COMMON-STOCK> 2768
<SHARES-COMMON-PRIOR> 2638
<ACCUMULATED-NII-CURRENT> 460
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 563
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 645
<NET-ASSETS> 44041
<DIVIDEND-INCOME> 1050
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (82)
<NET-INVESTMENT-INCOME> 968
<REALIZED-GAINS-CURRENT> 135
<APPREC-INCREASE-CURRENT> 60
<NET-CHANGE-FROM-OPS> 1163
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (733)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 650
<NUMBER-OF-SHARES-REDEEMED> (576)
<SHARES-REINVESTED> 56
<NET-CHANGE-IN-ASSETS> 1672
<ACCUMULATED-NII-PRIOR> 428
<ACCUMULATED-GAINS-PRIOR> 428
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 140
<AVERAGE-NET-ASSETS> 43057
<PER-SHARE-NAV-BEGIN> 11.74
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.79
<EXPENSE-RATIO> 0.12
</TABLE>