RESERVE INVESTMENT FUNDS INC
POS AMI, EX-27, 2000-09-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE> 6
<CIK> 0001034386
<NAME> RESERVE INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> GOVERNMENT RESERVE INVESTMENT FUND[/R]

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                               May-31-2000
<PERIOD-END>                                    May-31-2000
<INVESTMENTS-AT-COST>                           670,147
<INVESTMENTS-AT-VALUE>                          670,147
<RECEIVABLES>                                   2,790
<ASSETS-OTHER>                                  1
<OTHER-ITEMS-ASSETS>                            0
<TOTAL-ASSETS>                                  672,938
<PAYABLE-FOR-SECURITIES>                        0
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>                       18
<TOTAL-LIABILITIES>                             18
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>                        672,930
<SHARES-COMMON-STOCK>                           672,931
<SHARES-COMMON-PRIOR>                           2,519,915
<ACCUMULATED-NII-CURRENT>                       1
<OVERDISTRIBUTION-NII>                          1
<ACCUMULATED-NET-GAINS>                         (11)
<OVERDISTRIBUTION-GAINS>                        (11)
<ACCUM-APPREC-OR-DEPREC>                        0
<NET-ASSETS>                                    672,920
<DIVIDEND-INCOME>                               0
<INTEREST-INCOME>                               61,714
<OTHER-INCOME>                                  0
<EXPENSES-NET>                                  138
<NET-INVESTMENT-INCOME>                         61,576
<REALIZED-GAINS-CURRENT>                        (44)
<APPREC-INCREASE-CURRENT>                       0
<NET-CHANGE-FROM-OPS>                           61,532
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>                       (61,576)
<DISTRIBUTIONS-OF-GAINS>                        0
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                         8,718,084
<NUMBER-OF-SHARES-REDEEMED>                     (8,964,130)
<SHARES-REINVESTED>                             61,569
<NET-CHANGE-IN-ASSETS>                          (184,521)
<ACCUMULATED-NII-PRIOR>                         1
<ACCUMULATED-GAINS-PRIOR>                       19
<OVERDISTRIB-NII-PRIOR>                         1
<OVERDIST-NET-GAINS-PRIOR>                      19
<GROSS-ADVISORY-FEES>                           0
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                                 138
<AVERAGE-NET-ASSETS>                            1,152,544
<PER-SHARE-NAV-BEGIN>                           1.000
<PER-SHARE-NII>                                 0.053
<PER-SHARE-GAIN-APPREC>                         0
<PER-SHARE-DIVIDEND>                            0
<PER-SHARE-DISTRIBUTIONS>                       0
<RETURNS-OF-CAPITAL>                            0
<PER-SHARE-NAV-END>                             1.000
<EXPENSE-RATIO>                                 0.01


</TABLE>


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