<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001030802
<NAME> AFBA FIVE STAR FUNDS
<SERIES>
<NUMBER> 1
<NAME> AFBA FIVE STAR BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 9531300
<INVESTMENTS-AT-VALUE> 9972841
<RECEIVABLES> 277531
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2606
<TOTAL-ASSETS> 10252978
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111468
<TOTAL-LIABILITIES> 111468
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9462791
<SHARES-COMMON-STOCK> 867471
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 47739
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 189439
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 441541
<NET-ASSETS> 10141510
<DIVIDEND-INCOME> 58403
<INTEREST-INCOME> 156144
<OTHER-INCOME> 0
<EXPENSES-NET> 50159
<NET-INVESTMENT-INCOME> 164388
<REALIZED-GAINS-CURRENT> (117341)
<APPREC-INCREASE-CURRENT> 238445
<NET-CHANGE-FROM-OPS> 285492
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (132964)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1588977
<NUMBER-OF-SHARES-REDEEMED> (181093)
<SHARES-REINVESTED> 132479
<NET-CHANGE-IN-ASSETS> 1692891
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46176
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 57594
<AVERAGE-NET-ASSETS> 9247185
<PER-SHARE-NAV-BEGIN> 11.49
<PER-SHARE-NII> (.20)
<PER-SHARE-GAIN-APPREC> .17
<PER-SHARE-DIVIDEND> .23
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.69
<EXPENSE-RATIO> 1.08
</TABLE>
