<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001017176
<NAME> FIRST CHOICE FUNDS
<SERIES>
<NUMBER> 2
<NAME> CASH RESERVE INSTITUTIONAL
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> MAR-31-2000
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<INVESTMENTS-AT-VALUE> 101,281,648
<RECEIVABLES> 559,323
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<TOTAL-LIABILITIES> 610,150
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<PAID-IN-CAPITAL-COMMON> 101,261,733
<SHARES-COMMON-STOCK> 101,199,210
<SHARES-COMMON-PRIOR> 77,663,067
<ACCUMULATED-NII-CURRENT> 1
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<REALIZED-GAINS-CURRENT> (88)
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<SHARES-REINVESTED> 40,039
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<EXPENSE-RATIO> .42
</TABLE>
