<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001023771
<NAME> MUTUAL FUND SELECT GROUP
<SERIES>
<NUMBER> 021
<NAME> Select Equity Income Fund
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 624,011
<INVESTMENTS-AT-VALUE> 710,682
<RECEIVABLES> 592
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 711,303
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,826
<TOTAL-LIABILITIES> 1,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 557,863
<SHARES-COMMON-STOCK> 27,504
<SHARES-COMMON-PRIOR> 28,598
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,402)
<ACCUMULATED-NET-GAINS> 66,345
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 86,671
<NET-ASSETS> 709,477
<DIVIDEND-INCOME> 4,214
<INTEREST-INCOME> 1,554
<OTHER-INCOME> 0
<EXPENSES-NET> 2,718
<NET-INVESTMENT-INCOME> 3,050
<REALIZED-GAINS-CURRENT> 66,875
<APPREC-INCREASE-CURRENT> (18,576)
<NET-CHANGE-FROM-OPS> 51,349
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,321)
<DISTRIBUTIONS-OF-GAINS> (95,215)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 385
<NUMBER-OF-SHARES-REDEEMED> (5,249)
<SHARES-REINVESTED> 3,770
<NET-CHANGE-IN-ASSETS> (77,902)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 94,685
<OVERDISTRIB-NII-PRIOR> (1,131)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,516
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,852
<AVERAGE-NET-ASSETS> 759,766
<PER-SHARE-NAV-BEGIN> 27.53
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 1.68
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (3.40)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 25.80
<EXPENSE-RATIO> 0.72
</TABLE>
