<TABLE> <S> <C>


<ARTICLE>                                            6
<LEGEND>
This schedule contains summary financial information extracted from the National
Investors Cash  Management  Fund,  Inc.  Annual Report for the fiscal year ended
April 30, 2000 and is qualified  in its entirety by reference to such  financial
statements. </LEGEND>
<CIK> 0001023392
<NAME> NATIONAL INVESTORS CASH MANAGEMENT
FUND, INC. <SERIES>
         <NUMBER> 2
         <NAME> U.S. GOVERNMENT PORTFOLIO
<MULTIPLIER> 1

<S>                                                    <C>
<PERIOD-TYPE>                                                                  12-MOS
<FISCAL-YEAR-END>                                                         APR-30-2000
<PERIOD-START>                                                            MAY-01-1999
<PERIOD-END>                                                              APR-30-2000
<INVESTMENTS-AT-COST>                                                     701,365,407
<INVESTMENTS-AT-VALUE>                                                    701,365,407
<RECEIVABLES>                                                               4,228,867
<ASSETS-OTHER>                                                                  5,917
<OTHER-ITEMS-ASSETS>                                                              876
<TOTAL-ASSETS>                                                            705,601,067
<PAYABLE-FOR-SECURITIES>                                                   24,606,444
<SENIOR-LONG-TERM-DEBT>                                                             0
<OTHER-ITEMS-LIABILITIES>                                                     798,287
<TOTAL-LIABILITIES>                                                        25,404,731
<SENIOR-EQUITY>                                                                     0
<PAID-IN-CAPITAL-COMMON>                                                  680,198,055
<SHARES-COMMON-STOCK>                                                     680,198,055
<SHARES-COMMON-PRIOR>                                                     640,012,038
<ACCUMULATED-NII-CURRENT>                                                           0
<OVERDISTRIBUTION-NII>                                                              0
<ACCUMULATED-NET-GAINS>                                                       (1,719)
<OVERDISTRIBUTION-GAINS>                                                            0
<ACCUM-APPREC-OR-DEPREC>                                                            0
<NET-ASSETS>                                                              680,196,336
<DIVIDEND-INCOME>                                                                   0
<INTEREST-INCOME>                                                          37,009,450
<OTHER-INCOME>                                                                      0
<EXPENSES-NET>                                                              5,040,905
<NET-INVESTMENT-INCOME>                                                    31,968,545
<REALIZED-GAINS-CURRENT>                                                      (1,719)
<APPREC-INCREASE-CURRENT>                                                           0
<NET-CHANGE-FROM-OPS>                                                      31,966,826
<EQUALIZATION>                                                                      0
<DISTRIBUTIONS-OF-INCOME>                                                  31,968,545
<DISTRIBUTIONS-OF-GAINS>                                                            0
<DISTRIBUTIONS-OTHER>                                                               0
<NUMBER-OF-SHARES-SOLD>                                                 3,623,096,576
<NUMBER-OF-SHARES-REDEEMED>                                             3,614,655,138
<SHARES-REINVESTED>                                                        31,744,579
<NET-CHANGE-IN-ASSETS>                                                     40,184,298
<ACCUMULATED-NII-PRIOR>                                                             0
<ACCUMULATED-GAINS-PRIOR>                                                           0
<OVERDISTRIB-NII-PRIOR>                                                             0
<OVERDIST-NET-GAINS-PRIOR>                                                          0
<GROSS-ADVISORY-FEES>                                                       2,348,811
<INTEREST-EXPENSE>                                                                  0
<GROSS-EXPENSE>                                                             6,355,090
<AVERAGE-NET-ASSETS>                                                      669,931,306
<PER-SHARE-NAV-BEGIN>                                                            1.00
<PER-SHARE-NII>                                                                 0.048
<PER-SHARE-GAIN-APPREC>                                                             0
<PER-SHARE-DIVIDEND>                                                            0.048
<PER-SHARE-DISTRIBUTIONS>                                                           0
<RETURNS-OF-CAPITAL>                                                                0
<PER-SHARE-NAV-END>                                                              1.00
<EXPENSE-RATIO>                                                                  0.75




</TABLE>



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