VALENZUELA CAPITAL TRUST
NSAR-A, EX-27.1, 2000-05-31
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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>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>				   OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                          123,275
<INVESTMENTS-AT-VALUE>                         136,912
<RECEIVABLES>                                       76
<ASSETS-OTHER>                                     142
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 137,130
<PAYABLE-FOR-SECURITIES>                         7,522
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                              7,522
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       100,000
<SHARES-COMMON-STOCK>                            9,521
<SHARES-COMMON-PRIOR>                            5,000
<ACCUMULATED-NII-CURRENT>                          801
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         15,170
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        13,637
<NET-ASSETS>                                   129,608
<DIVIDEND-INCOME>                                  224
<INTEREST-INCOME>                                  577
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                            801
<REALIZED-GAINS-CURRENT>                        15,170
<APPREC-INCREASE-CURRENT>                       13,637
<NET-CHANGE-FROM-OPS>                           29,608
<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>                          79,608
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              298
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 41,630
<AVERAGE-NET-ASSETS>                            79,238
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                           3.53
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.61
<EXPENSE-RATIO>                                      0


</TABLE>


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