<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001089860
<NAME> INVESTORS CAPITAL FUNDS
<SERIES>
<NUMBER> 011
<NAME> INVESTORS CAPITAL TWENTY FUND - CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 10248562
<INVESTMENTS-AT-VALUE> 11039581
<RECEIVABLES> 16838
<ASSETS-OTHER> 154264
<OTHER-ITEMS-ASSETS> 2359
<TOTAL-ASSETS> 11213042
<PAYABLE-FOR-SECURITIES> 149590
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 124133
<TOTAL-LIABILITIES> 273723
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10085339
<SHARES-COMMON-STOCK> 622103
<SHARES-COMMON-PRIOR> 8500
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 62961
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 791019
<NET-ASSETS> 10939319
<DIVIDEND-INCOME> 9769
<INTEREST-INCOME> 9415
<OTHER-INCOME> 0
<EXPENSES-NET> 268303
<NET-INVESTMENT-INCOME> (249119)
<REALIZED-GAINS-CURRENT> 312080
<APPREC-INCREASE-CURRENT> 791019
<NET-CHANGE-FROM-OPS> 853980
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 660241
<NUMBER-OF-SHARES-REDEEMED> 46638
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10854319
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 79659
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 380285
<AVERAGE-NET-ASSETS> 5616903
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.65)
<PER-SHARE-GAIN-APPREC> 6.06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.41
<EXPENSE-RATIO> 5.00
</TABLE>
