<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001089860
<NAME> INVESTORS CAPITAL FUNDS
<SERIES>
<NUMBER> 2
<NAME> INVESTORS CAPITAL INTERNET AND TECHNOLOGY 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> 1297309
<INVESTMENTS-AT-VALUE> 1472954
<RECEIVABLES> 29975
<ASSETS-OTHER> 364819
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1867748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34622
<TOTAL-LIABILITIES> 34622
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1700742
<SHARES-COMMON-STOCK> 148021
<SHARES-COMMON-PRIOR> 1500
<ACCUMULATED-NII-CURRENT> (15184)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (28077)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 175645
<NET-ASSETS> 1833126
<DIVIDEND-INCOME> 1229
<INTEREST-INCOME> 39
<OTHER-INCOME> 0
<EXPENSES-NET> 16452
<NET-INVESTMENT-INCOME> (15184)
<REALIZED-GAINS-CURRENT> (28077)
<APPREC-INCREASE-CURRENT> 175645
<NET-CHANGE-FROM-OPS> 132384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14530
<NUMBER-OF-SHARES-REDEEMED> 124
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1818126
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4926
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 62860
<AVERAGE-NET-ASSETS> 904258
<PER-SHARE-NAV-BEGIN> 9.75
<PER-SHARE-NII> (.20)
<PER-SHARE-GAIN-APPREC> 2.95
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.50
<EXPENSE-RATIO> 5.00
</TABLE>
