<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001089860
<NAME> INVESTORS CAPITAL FUNDS
<SERIES>
<NUMBER> 022
<NAME> INVESTORS CAPITAL INTERNET AND TECHNOLOGY - CLASS C
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 1586734
<INVESTMENTS-AT-VALUE> 1836454
<RECEIVABLES> 133440
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4621
<TOTAL-ASSETS> 1974515
<PAYABLE-FOR-SECURITIES> 77959
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52233
<TOTAL-LIABILITIES> 130192
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1928683
<SHARES-COMMON-STOCK> 16567
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (334080)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 249720
<NET-ASSETS> 1844323
<DIVIDEND-INCOME> 118
<INTEREST-INCOME> 8870
<OTHER-INCOME> 0
<EXPENSES-NET> 59278
<NET-INVESTMENT-INCOME> (50290)
<REALIZED-GAINS-CURRENT> (334080)
<APPREC-INCREASE-CURRENT> 249720
<NET-CHANGE-FROM-OPS> (134650)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17359
<NUMBER-OF-SHARES-REDEEMED> 792
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1829323
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17684
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208893
<AVERAGE-NET-ASSETS> 1365810
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.45)
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.61
<EXPENSE-RATIO> 5.36
</TABLE>
