MEMORIAL FUNDS
NSAR-A, EX-27, 2000-08-25
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<TABLE> <S> <C>

<ARTICLE>		6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MEMORIAL FUNDS SEMI-ANNUAL REPORT DATED JUNE 30, 2000
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
	<NUMBER>	010
	<NAME>	Memorial Government Bond Fund

<S>			<C>
<PERIOD-TYPE>			6-MOS
<FISCAL-YEAR-END>				Dec-31-2000
<PERIOD-START>					Jan-01-2000
<PERIOD-END>					Jun-30-2000
<INVESTMENTS-AT-COST>				60727219
<INVESTMENTS-AT-VALUE>				59024170
<RECEIVABLES>					952549
<ASSETS-OTHER>					17718
<OTHER-ITEMS-ASSETS>				0
<TOTAL-ASSETS>					59994437
<PAYABLE-FOR-SECURITIES>			0
<SENIOR-LONG-TERM-DEBT>				0
<OTHER-ITEMS-LIABILITIES>			367898
<TOTAL-LIABILITIES>				367898
<SENIOR-EQUITY>					0
<PAID-IN-CAPITAL-COMMON>			62615498
<SHARES-COMMON-STOCK>				6186174
<SHARES-COMMON-PRIOR>				7269570
<ACCUMULATED-NII-CURRENT>			981
<OVERDISTRIBUTION-NII>				0
<ACCUMULATED-NET-GAINS>				0
<OVERDISTRIBUTION-GAINS>			1286891
<ACCUM-APPREC-OR-DEPREC>		       (1703049)
<NET-ASSETS>					59626539
<DIVIDEND-INCOME>				0
<INTEREST-INCOME>				2145546
<OTHER-INCOME>					5063
<EXPENSES-NET>				       (259827)
<NET-INVESTMENT-INCOME>				1890782
<REALIZED-GAINS-CURRENT>		       (634187)
<APPREC-INCREASE-CURRENT>		       1643299
<NET-CHANGE-FROM-OPS>			       2899894
<EQUALIZATION>					0
<DISTRIBUTIONS-OF-INCOME>		        1890782
<DISTRIBUTIONS-OF-GAINS>			0
<DISTRIBUTIONS-OTHER>				0
<NUMBER-OF-SHARES-SOLD>				1192582
<NUMBER-OF-SHARES-REDEEMED>		        2288403
<SHARES-REINVESTED>			        12425
<NET-CHANGE-IN-ASSETS>			       (9455448)
<ACCUMULATED-NII-PRIOR>				981
<ACCUMULATED-GAINS-PRIOR>			0
<OVERDISTRIB-NII-PRIOR>				0
<OVERDIST-NET-GAINS-PRIOR>		        652704
<GROSS-ADVISORY-FEES>				78486
<INTEREST-EXPENSE>				0
<GROSS-EXPENSE>				        287818
<AVERAGE-NET-ASSETS>				68623977
<PER-SHARE-NAV-BEGIN>				9.50
<PER-SHARE-NII>					0.26
<PER-SHARE-GAIN-APPREC>			        0.14
<PER-SHARE-DIVIDEND>			       (0.26)
<PER-SHARE-DISTRIBUTIONS>			0.00
<RETURNS-OF-CAPITAL>				0.00
<PER-SHARE-NAV-END>				9.64
<EXPENSE-RATIO>					0.76



</TABLE>


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