MITCHELL HUTCHINS LIR MONEY SERIES
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001060517
<NAME> MITCHELL HUTCHINS INSTITUTIONAL SERIES
<SERIES>
   <NUMBER> 02
   <NAME> MITCHELL HUTCHINS LIR PREMIER MONEY MARKET FUND
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                        1,969,119
<INVESTMENTS-AT-VALUE>                       1,969,119
<RECEIVABLES>                                    5,093
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,356
<TOTAL-ASSETS>                               1,975,568
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        4,876
<TOTAL-LIABILITIES>                              4,876
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,971,533
<SHARES-COMMON-STOCK>                        1,971,501
<SHARES-COMMON-PRIOR>                        1,779,152
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (841)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 1,970,692
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               62,522
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   9,230
<NET-INVESTMENT-INCOME>                         53,292
<REALIZED-GAINS-CURRENT>                            13
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           53,305
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       53,292
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,725,175
<NUMBER-OF-SHARES-REDEEMED>                (6,583,966)
<SHARES-REINVESTED>                             51,141
<NET-CHANGE-IN-ASSETS>                         192,362
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,056
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  9,301
<AVERAGE-NET-ASSETS>                         2,067,406
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.026
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.026)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.90




</TABLE>


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