VALENZUELA CAPITAL TRUST
NSAR-B, EX-27.1, 2000-11-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001089344
<NAME> VALENZUELA CAPITAL TRUST
<SERIES>
   <NUMBER> 11
   <NAME> VAL CAP MID CAP FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>				   OCT-01-1999
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                          112,226
<INVESTMENTS-AT-VALUE>                         137,580
<RECEIVABLES>                                   11,158
<ASSETS-OTHER>                                     142
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 148,880
<PAYABLE-FOR-SECURITIES>                         1,711
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                              1,711
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       100,000
<SHARES-COMMON-STOCK>                            9,521
<SHARES-COMMON-PRIOR>                            5,000
<ACCUMULATED-NII-CURRENT>                        1,463
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         20,352
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        25,354
<NET-ASSETS>                                   147,169
<DIVIDEND-INCOME>                                  662
<INTEREST-INCOME>                                  801
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                          1,463
<REALIZED-GAINS-CURRENT>                        20,352
<APPREC-INCREASE-CURRENT>                       25,354
<NET-CHANGE-FROM-OPS>                           47,169
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,521
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          97,169
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              812
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 95,482
<AVERAGE-NET-ASSETS>                           108,030
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                           5.31
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.46
<EXPENSE-RATIO>                                      0


</TABLE>


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