UNDISCOVERED MANAGERS FUNDS
NSAR-B, EX-27, 2000-10-30
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001047712
<NAME> UNDISCOVERED MANAGERS FUNDS
<SERIES>
   <NUMBER> 09
   <NAME> BEHAVIORAL LONG/SHORT 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>                          3864506
<INVESTMENTS-AT-VALUE>                         4109006
<RECEIVABLES>                                   538399
<ASSETS-OTHER>                                    7739
<OTHER-ITEMS-ASSETS>                           3960787
<TOTAL-ASSETS>                                 8615931
<PAYABLE-FOR-SECURITIES>                        578396
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3802763
<TOTAL-LIABILITIES>                            4381159
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       4191317
<SHARES-COMMON-STOCK>                           350481
<SHARES-COMMON-PRIOR>                           467967
<ACCUMULATED-NII-CURRENT>                        82706
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (367645)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        328394
<NET-ASSETS>                                   4234772
<DIVIDEND-INCOME>                                37733
<INTEREST-INCOME>                               252806
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  142154
<NET-INVESTMENT-INCOME>                         148385
<REALIZED-GAINS-CURRENT>                        109537
<APPREC-INCREASE-CURRENT>                     (350835)
<NET-CHANGE-FROM-OPS>                          (92913)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       169173
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          32614
<NUMBER-OF-SHARES-REDEEMED>                   (163763)
<SHARES-REINVESTED>                              13663
<NET-CHANGE-IN-ASSETS>                       (1707578)
<ACCUMULATED-NII-PRIOR>                         103494
<ACCUMULATED-GAINS-PRIOR>                     (477182)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            81981
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 209702
<AVERAGE-NET-ASSETS>                           5280417
<PER-SHARE-NAV-BEGIN>                            12.70
<PER-SHARE-NII>                                   0.35
<PER-SHARE-GAIN-APPREC>                         (0.61)
<PER-SHARE-DIVIDEND>                            (0.36)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.08
<EXPENSE-RATIO>                                   2.30



</TABLE>


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