<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039667
<NAME> SPIRIT OF AMERICA INVESTMENT FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> SPIRIT OF AMERICA INVESTMENT FUND - CLASS B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 12527034
<INVESTMENTS-AT-VALUE> 10428379
<RECEIVABLES> 213160
<ASSETS-OTHER> 396256
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11037795
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 371798
<TOTAL-LIABILITIES> 371798
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13645987
<SHARES-COMMON-STOCK> 276747
<SHARES-COMMON-PRIOR> 351987
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (16537)
<ACCUMULATED-NET-GAINS> (864798)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2098655)
<NET-ASSETS> 10665997
<DIVIDEND-INCOME> 593208
<INTEREST-INCOME> 1333
<OTHER-INCOME> 0
<EXPENSES-NET> 120403
<NET-INVESTMENT-INCOME> 474138
<REALIZED-GAINS-CURRENT> (805567)
<APPREC-INCREASE-CURRENT> 462750
<NET-CHANGE-FROM-OPS> 131291
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 77508
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52193
<NUMBER-OF-SHARES-REDEEMED> 131493
<SHARES-REINVESTED> 4060
<NET-CHANGE-IN-ASSETS> (3203633)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (59201)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 56201
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 212472
<AVERAGE-NET-ASSETS> 2196888
<PER-SHARE-NAV-BEGIN> 7.51
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.42
<EXPENSE-RATIO> 2.67
</TABLE>