<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> 032
<NAME> Memorial Growth Equity Fund--Inst. Shares
<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> 24607677
<INVESTMENTS-AT-VALUE> 30226544
<RECEIVABLES> 145315
<ASSETS-OTHER> 17258
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30389117
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33574
<TOTAL-LIABILITIES> 33574
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20795921
<SHARES-COMMON-STOCK> 2292680
<SHARES-COMMON-PRIOR> 3345617
<ACCUMULATED-NII-CURRENT> (42300)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3983055
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5618867
<NET-ASSETS> 30355543
<DIVIDEND-INCOME> 119094
<INTEREST-INCOME> 32261
<OTHER-INCOME> 2271
<EXPENSES-NET> (195926)
<NET-INVESTMENT-INCOME> (42300)
<REALIZED-GAINS-CURRENT> 4127925
<APPREC-INCREASE-CURRENT> (2103584)
<NET-CHANGE-FROM-OPS> 1982041
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65222
<NUMBER-OF-SHARES-REDEEMED> 1118159
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (12042652)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 144870
<GROSS-ADVISORY-FEES> 67580
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 220523
<AVERAGE-NET-ASSETS> 38829518
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.74
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.24
<EXPENSE-RATIO> 1.01
</TABLE>
