<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> 3
         <NAME> MUNICIPAL 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>                                                      38,823,847
<INVESTMENTS-AT-VALUE>                                                     38,823,847
<RECEIVABLES>                                                                 279,024
<ASSETS-OTHER>                                                                    349
<OTHER-ITEMS-ASSETS>                                                                0
<TOTAL-ASSETS>                                                             39,250,240
<PAYABLE-FOR-SECURITIES>                                                            0
<SENIOR-LONG-TERM-DEBT>                                                             0
<OTHER-ITEMS-LIABILITIES>                                                      22,548
<TOTAL-LIABILITIES>                                                            22,548
<SENIOR-EQUITY>                                                                     0
<PAID-IN-CAPITAL-COMMON>                                                   39,228,021
<SHARES-COMMON-STOCK>                                                      39,228,021
<SHARES-COMMON-PRIOR>                                                      40,655,010
<ACCUMULATED-NII-CURRENT>                                                           0
<OVERDISTRIBUTION-NII>                                                              0
<ACCUMULATED-NET-GAINS>                                                         (329)
<OVERDISTRIBUTION-GAINS>                                                            0
<ACCUM-APPREC-OR-DEPREC>                                                            0
<NET-ASSETS>                                                               39,227,692
<DIVIDEND-INCOME>                                                                   0
<INTEREST-INCOME>                                                           1,523,921
<OTHER-INCOME>                                                                      0
<EXPENSES-NET>                                                                318,012
<NET-INVESTMENT-INCOME>                                                     1,205,909
<REALIZED-GAINS-CURRENT>                                                        (329)
<APPREC-INCREASE-CURRENT>                                                           0
<NET-CHANGE-FROM-OPS>                                                       1,205,580
<EQUALIZATION>                                                                      0
<DISTRIBUTIONS-OF-INCOME>                                                   1,205,909
<DISTRIBUTIONS-OF-GAINS>                                                            0
<DISTRIBUTIONS-OTHER>                                                               0
<NUMBER-OF-SHARES-SOLD>                                                   193,033,440
<NUMBER-OF-SHARES-REDEEMED>                                               195,666,476
<SHARES-REINVESTED>                                                         1,196,047
<NET-CHANGE-IN-ASSETS>                                                    (1,437,318)
<ACCUMULATED-NII-PRIOR>                                                             0
<ACCUMULATED-GAINS-PRIOR>                                                           0
<OVERDISTRIB-NII-PRIOR>                                                             0
<OVERDIST-NET-GAINS-PRIOR>                                                          0
<GROSS-ADVISORY-FEES>                                                         150,093
<INTEREST-EXPENSE>                                                                  0
<GROSS-EXPENSE>                                                               485,570
<AVERAGE-NET-ASSETS>                                                       42,806,126
<PER-SHARE-NAV-BEGIN>                                                            1.00
<PER-SHARE-NII>                                                                 0.028
<PER-SHARE-GAIN-APPREC>                                                             0
<PER-SHARE-DIVIDEND>                                                            0.028
<PER-SHARE-DISTRIBUTIONS>                                                           0
<RETURNS-OF-CAPITAL>                                                                0
<PER-SHARE-NAV-END>                                                              1.00
<EXPENSE-RATIO>                                                                  0.74





</TABLE>



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