WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001052864
<NAME> LM INSTITUTIONAL FUND ADVISORS 11, INC.
<SERIES>
<NUMBER> 2
<NAME> LM VALUE INSTITUTIONAL PORTFOLIO-INTERMEDIARY CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 636181
<INVESTMENTS-AT-VALUE> 627137
<RECEIVABLES> 3432
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 630566
<PAYABLE-FOR-SECURITIES> 9012
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 568
<TOTAL-LIABILITIES> 9580
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 173199
<SHARES-COMMON-STOCK> 11346
<SHARES-COMMON-PRIOR> 10669
<ACCUMULATED-NII-CURRENT> 808
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33642
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9046)
<NET-ASSETS> 620986
<DIVIDEND-INCOME> 3237
<INTEREST-INCOME> 834
<OTHER-INCOME> 0
<EXPENSES-NET> 2358
<NET-INVESTMENT-INCOME> 1713
<REALIZED-GAINS-CURRENT> 34510
<APPREC-INCREASE-CURRENT> (41395)
<NET-CHANGE-FROM-OPS> (5172)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (324)
<DISTRIBUTIONS-OF-GAINS> (6824)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1561
<NUMBER-OF-SHARES-REDEEMED> (1291)
<SHARES-REINVESTED> 407
<NET-CHANGE-IN-ASSETS> 7303
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1854
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2358
<AVERAGE-NET-ASSETS> 183452
<PER-SHARE-NAV-BEGIN> 16.93
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> (.18)
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.12
<EXPENSE-RATIO> .94
</TABLE>
