<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001089860
<NAME> INVESTORS CAPITAL FUNDS
<SERIES>
<NUMBER> 1
<NAME> INVESTORS CAPITAL TWENTY FUND - CLASS C
<MULTIPLIER> 1
<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> 4807285
<INVESTMENTS-AT-VALUE> 5464898
<RECEIVABLES> 407731
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6477083
<PAYABLE-FOR-SECURITIES> 626448
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<OTHER-ITEMS-LIABILITIES> 11866
<TOTAL-LIABILITIES> 638314
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4779437
<SHARES-COMMON-STOCK> 349882
<SHARES-COMMON-PRIOR> 8500
<ACCUMULATED-NII-CURRENT> (54929)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 456648
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 657613
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<OTHER-INCOME> 0
<EXPENSES-NET> 58534
<NET-INVESTMENT-INCOME> (54929)
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<APPREC-INCREASE-CURRENT> 657613
<NET-CHANGE-FROM-OPS> 1059332
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 58548
<NUMBER-OF-SHARES-REDEEMED> 10389
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5753769
<ACCUMULATED-NII-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17541
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<GROSS-EXPENSE> 101670
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<PER-SHARE-NAV-BEGIN> 10.64
<PER-SHARE-NII> (.29)
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<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.43
<EXPENSE-RATIO> 5.00
</TABLE>
