<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001030802
<NAME> AFBA FIVE STAR FUNDS
<SERIES>
<NUMBER> 2
<NAME> AFBA FIVE STAR EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 12445688
<INVESTMENTS-AT-VALUE> 15665128
<RECEIVABLES> 12578
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 5524
<TOTAL-ASSETS> 15683230
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12718
<TOTAL-LIABILITIES> 12718
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12001317
<SHARES-COMMON-STOCK> 1010176
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 15254
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 434501
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3219440
<NET-ASSETS> 15670512
<DIVIDEND-INCOME> 73917
<INTEREST-INCOME> 18448
<OTHER-INCOME> (1096)
<EXPENSES-NET> 76015
<NET-INVESTMENT-INCOME> 15254
<REALIZED-GAINS-CURRENT> 437928
<APPREC-INCREASE-CURRENT> 304129
<NET-CHANGE-FROM-OPS> 757311
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2056602
<NUMBER-OF-SHARES-REDEEMED> (218491)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2595422
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 69992
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 81410
<AVERAGE-NET-ASSETS> 14015848
<PER-SHARE-NAV-BEGIN> 14.76
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> .73
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.51
<EXPENSE-RATIO> 1.08
</TABLE>
