<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> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 518,891
<INVESTMENTS-AT-VALUE> 609,360
<RECEIVABLES> 18,054
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 18
<TOTAL-ASSETS> 627,433
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,755
<TOTAL-LIABILITIES> 2,755
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 493,407
<SHARES-COMMON-STOCK> 24,430
<SHARES-COMMON-PRIOR> 28,598
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (19)
<ACCUMULATED-NET-GAINS> 40,821
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 90,469
<NET-ASSETS> 624,678
<DIVIDEND-INCOME> 8,176
<INTEREST-INCOME> 2,559
<OTHER-INCOME> 0
<EXPENSES-NET> 4,831
<NET-INVESTMENT-INCOME> 5,904
<REALIZED-GAINS-CURRENT> 55,948
<APPREC-INCREASE-CURRENT> (14,778)
<NET-CHANGE-FROM-OPS> 47,074
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,762)
<DISTRIBUTIONS-OF-GAINS> (95,215)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 627
<NUMBER-OF-SHARES-REDEEMED> (8,565)
<SHARES-REINVESTED> 3,770
<NET-CHANGE-IN-ASSETS> (162,701)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 94,685
<OVERDISTRIB-NII-PRIOR> (1,131)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,854
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,709
<AVERAGE-NET-ASSETS> 713,121
<PER-SHARE-NAV-BEGIN> 27.53
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 1.40
<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> (3.40)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 25.57
<EXPENSE-RATIO> 0.68
</TABLE>
