<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001004658
<NAME> PHOENIX DUFF & PHELPS INSTITUTIONAL MUTUAL FUNDS
<SERIES>
<NUMBER> 027
<NAME> MANAGED BOND PORTFOLIO - CLASS X
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 106710
<INVESTMENTS-AT-VALUE> 105080
<RECEIVABLES> 11419
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116500
<PAYABLE-FOR-SECURITIES> 11031
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132
<TOTAL-LIABILITIES> 11163
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116311
<SHARES-COMMON-STOCK> 3355
<SHARES-COMMON-PRIOR> 3348
<ACCUMULATED-NII-CURRENT> 52
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (9396)
<ACCUM-APPREC-OR-DEPREC> (1630)
<NET-ASSETS> 105337
<DIVIDEND-INCOME> 178
<INTEREST-INCOME> 4104
<OTHER-INCOME> 0
<EXPENSES-NET> (299)
<NET-INVESTMENT-INCOME> 3983
<REALIZED-GAINS-CURRENT> (1961)
<APPREC-INCREASE-CURRENT> 835
<NET-CHANGE-FROM-OPS> 2857
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3651)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 67
<NUMBER-OF-SHARES-REDEEMED> (157)
<SHARES-REINVESTED> 97
<NET-CHANGE-IN-ASSETS> (832)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (60)
<OVERDIST-NET-GAINS-PRIOR> (7435)
<GROSS-ADVISORY-FEES> 238
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 416
<AVERAGE-NET-ASSETS> 106430
<PER-SHARE-NAV-BEGIN> 29.88
<PER-SHARE-NII> 1.13
<PER-SHARE-GAIN-APPREC> (.32)
<PER-SHARE-DIVIDEND> (1.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 29.57
<EXPENSE-RATIO> .55
</TABLE>