<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001047712
<NAME> UNDISCOVERED MANAGERS FUNDS
<SERIES>
<NUMBER> 08
<NAME> BEHAVIORAL VALUE FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-START> SEP-01-1999
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 15539838
<INVESTMENTS-AT-VALUE> 19210891
<RECEIVABLES> 48917
<ASSETS-OTHER> 7156
<OTHER-ITEMS-ASSETS> 2244371
<TOTAL-ASSETS> 21511335
<PAYABLE-FOR-SECURITIES> 446638
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49782
<TOTAL-LIABILITIES> 496420
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17723494
<SHARES-COMMON-STOCK> 1067712
<SHARES-COMMON-PRIOR> 241656
<ACCUMULATED-NII-CURRENT> (443)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (379189)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3671053
<NET-ASSETS> 21014915
<DIVIDEND-INCOME> 73803
<INTEREST-INCOME> 40609
<OTHER-INCOME> 0
<EXPENSES-NET> 150988
<NET-INVESTMENT-INCOME> (36576)
<REALIZED-GAINS-CURRENT> (228222)
<APPREC-INCREASE-CURRENT> 3719370
<NET-CHANGE-FROM-OPS> 3454572
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 17602
<DISTRIBUTIONS-OF-GAINS> 193512
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 849074
<NUMBER-OF-SHARES-REDEEMED> (32083)
<SHARES-REINVESTED> 9065
<NET-CHANGE-IN-ASSETS> 17363453
<ACCUMULATED-NII-PRIOR> 17026
<ACCUMULATED-GAINS-PRIOR> 79254
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 113164
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 250505
<AVERAGE-NET-ASSETS> 10828337
<PER-SHARE-NAV-BEGIN> 15.11
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 5.33
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (0.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.68
<EXPENSE-RATIO> 1.40
</TABLE>
