ALPHA ANALYTICS INVESTMENT TRUST
NSAR-B, EX-27, 2000-09-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001067847
<NAME> ALPHA ANALYTICS INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> ALPHA ANALYTICS VALUE FUND
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                          4444869
<INVESTMENTS-AT-VALUE>                         4506847
<RECEIVABLES>                                   122736
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<OTHER-ITEMS-LIABILITIES>                         4893
<TOTAL-LIABILITIES>                             498360
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       3714609
<SHARES-COMMON-STOCK>                           319391
<SHARES-COMMON-PRIOR>                           200105
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         772399
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<NET-INVESTMENT-INCOME>                         (9578)
<REALIZED-GAINS-CURRENT>                        783350
<APPREC-INCREASE-CURRENT>                      (74143)
<NET-CHANGE-FROM-OPS>                           699629
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2166
<DISTRIBUTIONS-OF-GAINS>                        125624
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         119834
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<SHARES-REINVESTED>                               9917
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<ACCUMULATED-NII-PRIOR>                           1162
<ACCUMULATED-GAINS-PRIOR>                       125255
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            11.92
<PER-SHARE-NII>                                  (.04)
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<EXPENSE-RATIO>                                   1.30
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


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