<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001006242
<NAME>AMERICAN INDEPENDENCE FUNDS TRUST
<SERIES>
<NUMBER> 4
<NAME> STOCK FUND
<S>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-2000
<PERIOD-START> Nov-01-1999
<PERIOD-END> Apr-30-2000
<INVESTMENTS-AT-COST> 78877613
<INVESTMENTS-AT-VALUE> 75732620
<RECEIVABLES> 214687
<ASSETS-OTHER> 4198
<OTHER-ITEMS-ASSETS> 11820
<TOTAL-ASSETS> 75965587
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 120954
<TOTAL-LIABILITIES> 120954
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 87131246
<SHARES-COMMON-STOCK> 7988180
<SHARES-COMMON-PRIOR> 10008136
<ACCUMULATED-NII-CURRENT> 435743
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8577363)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3144993)
<NET-ASSETS> 75844633
<DIVIDEND-INCOME> 1245989
<INTEREST-INCOME> 35532
<OTHER-INCOME> 0
<EXPENSES-NET> 551790
<NET-INVESTMENT-INCOME> 729731
<REALIZED-GAINS-CURRENT> (6797740)
<APPREC-INCREASE-CURRENT> 1977302
<NET-CHANGE-FROM-OPS> (4090707)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1086190
<DISTRIBUTIONS-OF-GAINS> 3844171
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 865397
<NUMBER-OF-SHARES-REDEEMED> 3178781
<SHARES-REINVESTED> 293428
<NET-CHANGE-IN-ASSETS> (27534879)
<ACCUMULATED-NII-PRIOR> 792202
<ACCUMULATED-GAINS-PRIOR> 2064548
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 419502
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 794515
<AVERAGE-NET-ASSETS> 84119824
<PER-SHARE-NAV-BEGIN> 10.33
<PER-SHARE-NII> 0.091
<PER-SHARE-GAIN-APPREC> (0.332)
<PER-SHARE-DIVIDEND> 0.113
<PER-SHARE-DISTRIBUTIONS> (0.400)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.49
<EXPENSE-RATIO> 0.013
</TABLE>
