FBR FAMILY OF FUNDS
NSAR-A, EX-27, 2000-06-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001015712
<NAME> THE FBR FAMILY OF FUNDS
<SERIES>
   <NUMBER> 02
   <NAME> FBR SMALL CAP FINANCIAL

<S>                             <C>
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<SHARES-COMMON-PRIOR>                          2289608
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (5902721)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (34344)
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<NUMBER-OF-SHARES-SOLD>                         159426
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<EXPENSE-RATIO>                                   1.91


</TABLE>


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