WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001029068
<NAME> ORBITEX CASH RESERVES FUND
<MULTIPLIER> 1000
<S> <C>
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<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JUN-07-2000
<PERIOD-END> JUN-30-2000
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<INVESTMENTS-AT-VALUE> 1955
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<TOTAL-ASSETS> 1964
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<OTHER-ITEMS-LIABILITIES> 9
<TOTAL-LIABILITIES> 9
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1955
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 1955
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<NET-INVESTMENT-INCOME> 5
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<NET-CHANGE-FROM-OPS> 5
<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 1950
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<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 1955
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9
<AVERAGE-NET-ASSETS> 1217
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.00
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<PER-SHARE-DIVIDEND> 0.00
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<EXPENSE-RATIO> 0.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
