<PAGE> PAGE 1
000 A000000 01/31/2000
000 C000000 0001090155
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 TARGET FUNDS
001 B000000 811-09439
001 C000000 9733671495
002 A000000 100 MULBERRY STREET, GC3, 4TH FLOOR
002 B000000 NEWARK
002 C000000 NJ
002 D010000 07102
002 D020000 4077
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 LARGE CAPITALIZATION GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 LARGE CAPITALIZATION VALUE FUND
007 C030200 N
007 C010300 3
007 C020300 SMALL CAPITALIZATION GROWTH FUND
007 C030300 N
007 C010400 4
007 C020400 SMALL CAPITALIZATION VALUE FUND
007 C030400 N
007 C010500 5
007 C020500 INTERNATIONAL EQUITY FUND
007 C030500 N
007 C010600 6
007 C020600 TOTAL RETURN BOND FUND
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
<PAGE> PAGE 2
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
010 A00AA01 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
010 B00AA01 31104
010 C01AA01 NEWARK
010 C02AA01 NJ
010 C03AA01 07102
010 C04AA01 4077
011 A00AA01 PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC
011 B00AA01 8-36540
011 C01AA01 NEWARK
011 C02AA01 NJ
011 C03AA01 07102
011 C04AA01 4077
012 A00AA01 PRUDENTIAL MUTUAL FUND SERVICES LLC
012 B00AA01 84-5681
012 C01AA01 NEW BRUNSWICK
012 C02AA01 NJ
012 C03AA01 08906
013 A00AA01 PRICEWATERHOUSECOOPERS LLC
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 PRUDENTIAL SECURITIES INCORPORATED
014 B00AA01 8-27154
014 A00AA02 PRUCO SECURITIES CORP.
014 B00AA02 8-16402
014 A00AA03 PIMS
014 B00AA03 8-36540
<PAGE> PAGE 3
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
015 A00AA02 WESTPAC BANKING CORPORATION
015 B00AA02 S
015 C01AA02 SYDNEY
015 D01AA02 AUSTRALIA
015 E04AA02 X
015 A00AA03 ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN
015 B00AA03 S
015 C01AA03 VIENNA
015 D01AA03 AUSTRIA
015 E04AA03 X
015 A00AA04 GENERALE DE BANQUE
015 B00AA04 S
015 C01AA04 BRUSSELS
015 D01AA04 BELGIUM
015 E04AA04 X
015 A00AA05 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA05 S
015 C01AA05 TORONTO
015 D01AA05 CANADA
015 E04AA05 X
015 A00AA06 DEN DANSKE BANK
015 B00AA06 S
015 C01AA06 COPENHAGEN
015 D01AA06 DENMARK
015 E04AA06 X
015 A00AA07 MERITA BANK LIMITED
015 B00AA07 S
015 C01AA07 HELSINKI
015 D01AA07 FINLAND
015 E04AA07 X
015 A00AA08 BANQUE PARIBAS
015 B00AA08 S
015 C01AA08 PARIS
015 D01AA08 FRANCE
015 E04AA08 X
015 A00AA09 DRESDNER BANK AG
015 B00AA09 S
015 C01AA09 FRANKFURT
015 D01AA09 GERMANY
015 E04AA09 X
015 A00AA10 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B00AA10 S
015 C01AA10 SHANGHAI
015 D01AA10 CHINA
015 E04AA10 X
<PAGE> PAGE 4
015 A00AA11 STANDARD CHARTERED BANK
015 B00AA11 S
015 C01AA11 JAKARTA
015 D01AA11 INDONESIA
015 E04AA11 X
015 A00AA12 BANK OF IRELAND
015 B00AA12 S
015 C01AA12 DUBLIN
015 D01AA12 IRELAND
015 E04AA12 X
015 A00AA13 BANQUE PARIBAS
015 B00AA13 S
015 C01AA13 MILAN
015 D01AA13 ITALY
015 E04AA13 X
015 A00AA14 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B00AA14 S
015 C01AA14 SEOUL
015 D01AA14 KOREA
015 E04AA14 X
015 A00AA15 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA15 S
015 C01AA15 KUALA LUMPUR
015 D01AA15 MALAYSIA
015 E04AA15 X
015 A00AA16 CITIBANK MEXICO, S.A.
015 B00AA16 S
015 C01AA16 MEXICO CITY
015 D01AA16 MEXICO
015 E04AA16 X
015 A00AA17 MEESPIERSON N.V.
015 B00AA17 S
015 C01AA17 AMSTERDAM
015 D01AA17 NETHERLANDS
015 E04AA17 X
015 A00AA18 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA18 S
015 C01AA18 WELLINGTON
015 D01AA18 NEW ZEALAND
015 E04AA18 X
015 A00AA19 CHRISTIANA BANK OG KREDITKASSE
015 B00AA19 S
015 C01AA19 OSLO
015 D01AA19 NORWAY
015 E04AA19 X
015 A00AA20 STANDARD CHARTERED BANK
015 B00AA20 S
015 C01AA20 MANILA
015 D01AA20 PHILIPPINES
015 E04AA20 X
015 A00AA21 BANCO COMERCIAL PORTUGUES
<PAGE> PAGE 5
015 B00AA21 S
015 C01AA21 LISBON
015 D01AA21 PORTUGAL
015 E04AA21 X
015 A00AA22 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA22 S
015 C01AA22 SINGAPORE
015 D01AA22 SINGAPORE
015 E04AA22 X
015 A00AA23 BANCO SANTANDER, S.A.
015 B00AA23 S
015 C01AA23 MADRID
015 D01AA23 SPAIN
015 E04AA23 X
015 A00AA24 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA24 S
015 C01AA24 STOCKHOLM
015 D01AA24 SWEDEN
015 E04AA24 X
015 A00AA25 UBS AG
015 B00AA25 S
015 C01AA25 ZURICH
015 D01AA25 SWITZERLAND
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED BANK
015 B00AA26 S
015 C01AA26 BANGKOK
015 D01AA26 THAILAND
015 E04AA26 X
015 A00AA27 STATE STREET BANK & TRUST CO., LONDON BRANCH
015 B00AA27 S
015 C01AA27 LONDON
015 D01AA27 UNITED KINGDOM
015 E04AA27 X
015 A00AA28 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B00AA28 S
015 C01AA28 MUMBAI
015 D01AA28 INDIA
015 E04AA28 X
015 A00AA29 CITIBANK, N.A.
015 B00AA29 S
015 C01AA29 QUITO
015 D01AA29 ECUADOR
015 E04AA29 X
015 A00AA30 CITIBANK, N.A.
015 B00AA30 S
015 C01AA30 BUENOS AIRES
015 D01AA30 ARGENTINA
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED BANK
015 B00AA31 S
<PAGE> PAGE 6
015 C01AA31 DHAKA
015 D01AA31 BANGLADESH
015 E04AA31 X
015 A00AA32 CITIBANK, N.A.
015 B00AA32 S
015 C01AA32 SAO PAOLO
015 D01AA32 BRAZIL
015 E04AA32 X
015 A00AA33 CITIBANK, N.A.
015 B00AA33 S
015 C01AA33 SANTIAGO
015 D01AA33 CHILE
015 E04AA33 X
015 A00AA34 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA34 S
015 C01AA34 BOGOTA
015 D01AA34 COLUMBIA
015 E04AA34 X
015 A00AA35 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B00AA35 S
015 C01AA35 PRAGUE
015 D01AA35 CZECH REPUBLIC
015 E04AA35 X
015 A00AA36 BARCLAYS BANK PLC
015 B00AA36 S
015 C01AA36 NICOSIA
015 D01AA36 CYPRUS
015 E04AA36 X
015 A00AA37 NATIONAL BANK OF EGYPT
015 B00AA37 S
015 C01AA37 CAIRO
015 D01AA37 EGYPT
015 E04AA37 X
015 A00AA38 NATIONAL BANK OF GREECE S.A.
015 B00AA38 S
015 C01AA38 ATHENS
015 D01AA38 GREECE
015 E04AA38 X
015 A00AA39 CITIBANK BUDAPEST RT.
015 B00AA39 S
015 C01AA39 BUDAPEST
015 D01AA39 HUNGARY
015 E04AA39 X
015 A00AA40 DEUTSCHE BANK AG
015 B00AA40 S
015 C01AA40 MUMBAI
015 D01AA40 INDIA
015 E04AA40 X
015 A00AA41 BANK HAPOALIM B.M.
015 B00AA41 S
015 C01AA41 TEL AVIV
<PAGE> PAGE 7
015 D01AA41 ISRAEL
015 E04AA41 X
015 A00AA42 BANQUE COMMERIALE DU MAROC
015 B00AA42 S
015 C01AA42 CASABLANCA
015 D01AA42 MOROCCO
015 E04AA42 X
015 A00AA43 DEUTSCHE BANK AG
015 B00AA43 S
015 C01AA43 KARACHI
015 D01AA43 PAKISTAN
015 E04AA43 X
015 A00AA44 CITIBANK, N.A.
015 B00AA44 S
015 C01AA44 LIMA
015 D01AA44 PERU
015 E04AA44 X
015 A00AA45 CITIBANK (POLAND) S.A.
015 B00AA45 S
015 C01AA45 WARSAW
015 D01AA45 POLAND
015 E04AA45 X
015 A00AA46 STANDARD BANK OF SOUTH AFRICA, LTD.
015 B00AA46 S
015 C01AA46 JOHANNESBURG
015 D01AA46 SOUTH AFRICA
015 E04AA46 X
015 A00AA47 THE HONG KONG & SHANGHAI BANKING CORP., LTD.
015 B00AA47 S
015 C01AA47 COLOMBO
015 D01AA47 SRI LANKA
015 E04AA47 X
015 A00AA48 CENTRAL TRUST OF CHINA
015 B00AA48 S
015 C01AA48 TAIPEI
015 D01AA48 TAIWAN
015 E04AA48 X
015 A00AA49 CITIBANK, N.A.
015 B00AA49 S
015 C01AA49 ISTANBUL
015 D01AA49 TURKEY
015 E04AA49 X
015 A00AA50 CITIBANK, N.A.
015 B00AA50 S
015 C01AA50 MONTEVIDEO
015 D01AA50 URUGUAY
015 E04AA50 X
015 A00AA51 CITIBANK, N.A.
015 B00AA51 S
015 C01AA51 CARACAS
015 D01AA51 VENEZUELA
<PAGE> PAGE 8
015 E04AA51 X
015 A00AA52 THE DAIWA BANK, LTD.
015 B00AA52 S
015 C01AA52 TOKYO
015 D01AA52 JAPAN
015 E04AA52 X
015 A00AA53 CEKOSLOVENSKA OBCHODNA BANKA, A.S.
015 B00AA53 S
015 C01AA53 BRATISLAVA
015 D01AA53 SLOVAK REPUBLIC
015 E04AA53 X
015 A00AA54 THE FUJI BANK, LTD.
015 B00AA54 S
015 C01AA54 TOKYO
015 D01AA54 JAPAN
015 E04AA54 X
015 A00AA55 BARCLAYS BANK OF GHANA, LTD.
015 B00AA55 S
015 C01AA55 ACCRA
015 D01AA55 GHANA
015 E04AA55 X
015 A00AA56 BRITISH BANK OF THE MIDDLE EAST
015 B00AA56 S
015 C01AA56 AMMAN
015 D01AA56 JORDAN
015 E04AA56 X
015 A00AA57 BARCLAYS BANK OF KENYA, LTD.
015 B00AA57 S
015 C01AA57 NAIROBI
015 D01AA57 KENYA
015 E04AA57 X
015 A00AA58 BRITISH BANK OF THE MIDDLE EAST
015 B00AA58 S
015 C01AA58 BEIRUT
015 D01AA58 LEBANON
015 E04AA58 X
015 A00AA59 CREDIT SUISSE FIRST BOSTON A O, MOSCOW
015 B00AA59 S
015 C01AA59 MOSCOW
015 D01AA59 RUSSIA
015 E04AA59 X
015 A00AA60 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B00AA60 S
015 C01AA60 ABIDJAN
015 D01AA60 IVORY COAST
015 E04AA60 X
015 A00AA61 CEDEL S.A.
015 B00AA61 S
015 C01AA61 TRANSNATIONAL
015 D01AA61 TRANSNATIONAL
015 E04AA61 X
<PAGE> PAGE 9
015 A00AA62 THE EUROCLEAR SYSTEM
015 B00AA62 S
015 C01AA62 TRANSNATIONAL
015 D01AA62 TRANSNATIONAL
015 E04AA62 X
015 A00AA63 STANDARD CHARTERED BANK
015 B00AA63 S
015 C01AA63 HONG KONG
015 D01AA63 HONG KONG
015 E04AA63 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 115
019 C00AA00 PRUDENTIAL
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
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020 C000006 0
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020 C000009 0
020 C000010 0
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025 D00AA02 0
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<PAGE> PAGE 10
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 Y
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
008 A000101 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
008 B000101 A
008 C000101 801-31104
008 D010101 NEWARK
008 D020101 NJ
008 D030101 07102
008 D040101 4077
008 A000102 OAK ASSOCIATES, LTD.
008 B000102 S
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008 D010102 AKRON
008 D020102 OH
008 D030102 44333
008 A000201 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
008 B000201 A
008 C000201 801-31104
008 D010201 NEWARK
008 D020201 NJ
008 D030201 07102
008 D040201 4077
008 A000202 INVESCO CAPITAL MANAGEMENT, INC.
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008 C000202 801-33949
008 D010202 ATLANTA
008 D020202 GA
008 D030202 30309
008 A000301 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
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008 D010301 NEWARK
008 D020301 NJ
008 D030301 07102
<PAGE> PAGE 11
008 D040301 4077
008 A000302 SAWGRASS ASSET MANAGEMENT LLC
008 B000302 S
008 C000302 801-55243
008 D010302 JACKSONVILLE
008 D020302 FL
008 D030302 32224
008 A000401 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
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008 C000401 801-31104
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008 D020401 NJ
008 D030401 07102
008 D040401 4077
008 A000402 DLJ ASSET MANAGEMENT, INC.
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008 D010402 NEW YORK
008 D020402 NY
008 D030402 10172
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008 D020403 NY
008 D030403 10112
008 D040403 6300
008 A000501 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
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008 D020501 NJ
008 D030501 07102
008 D040501 4077
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008 D020502 NY
008 D030502 10112
008 D040502 6300
008 A000601 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC
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008 D020601 NJ
008 D030601 07102
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008 A000602 PACIFIC INVESTMENT MANAGEMENT CO.
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<PAGE> PAGE 12
008 D010602 NEWPORT BEACH
008 D020602 CA
008 D030602 92660
SIGNATURE GRACE TORRES
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001090155
<NAME> TARGET FUNDS - LARGE CAPITALIZATION GROWTH
<SERIES>
<NUMBER> 001
<NAME> LARGE CAPITLAZATION GROWTH (CLASS A)
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<PERIOD-END> Jan-31-2000
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 171,733,517
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<ACCUMULATED-NII-CURRENT> (414,258)
<OVERDISTRIBUTION-NII> 0
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<PER-SHARE-NII> (0.01)
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - LARGE CAPITALIZATION GROWTH
[SERIES]
[NUMBER] 002
[NAME] LARGE CAPITLAZATION GROWTH (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] Jul-31-2000
[PERIOD-END] Jan-31-2000
[INVESTMENTS-AT-COST] 167,990,281
[INVESTMENTS-AT-VALUE] 193,937,213
[RECEIVABLES] 4,370,772
[ASSETS-OTHER] 7,935
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 198,315,920
[PAYABLE-FOR-SECURITIES] 2,490,795
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 704,265
[TOTAL-LIABILITIES] 3,195,060
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 171,733,517
[SHARES-COMMON-STOCK] 16,835,873
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (414,258)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (2,145,331)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25,946,932
[NET-ASSETS] 195,120,860
[DIVIDEND-INCOME] 226,552
[INTEREST-INCOME] 112,189
[OTHER-INCOME] 0
[EXPENSES-NET] 752,999
[NET-INVESTMENT-INCOME] (414,258)
[REALIZED-GAINS-CURRENT] (2,145,331)
[APPREC-INCREASE-CURRENT] 25,946,932
[NET-CHANGE-FROM-OPS] 23,387,343
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 23,387,343
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 190,125,296
[NUMBER-OF-SHARES-REDEEMED] (18,409,779)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 218,490,203
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
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[PER-SHARE-NII] (0.03)
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[PER-SHARE-DISTRIBUTIONS] 0.00
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[EXPENSE-RATIO] 1.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - LARGE CAPITALIZATION GROWTH
[SERIES]
[NUMBER] 003
[NAME] LARGE CAPITALZATION GROWTH (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] Jul-31-2000
[PERIOD-END] Jan-31-2000
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[INVESTMENTS-AT-VALUE] 193,937,213
[RECEIVABLES] 4,370,772
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[PAYABLE-FOR-SECURITIES] 2,490,795
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 704,265
[TOTAL-LIABILITIES] 3,195,060
[SENIOR-EQUITY] 0
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[ACCUMULATED-NII-CURRENT] (414,258)
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[ACCUMULATED-NET-GAINS] (2,145,331)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25,946,932
[NET-ASSETS] 195,120,860
[DIVIDEND-INCOME] 226,552
[INTEREST-INCOME] 112,189
[OTHER-INCOME] 0
[EXPENSES-NET] 752,999
[NET-INVESTMENT-INCOME] (414,258)
[REALIZED-GAINS-CURRENT] (2,145,331)
[APPREC-INCREASE-CURRENT] 25,946,932
[NET-CHANGE-FROM-OPS] 23,387,343
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 23,387,343
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 190,125,296
[NUMBER-OF-SHARES-REDEEMED] (18,409,779)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 218,490,203
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 288,130
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 752,999
[AVERAGE-NET-ASSETS] 107,913,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.03)
[PER-SHARE-GAIN-APPREC] 1.62
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.59
[EXPENSE-RATIO] 1.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - LARGE CAPITALIZATION VALUE
[SERIES]
[NUMBER] 001
[NAME] LARGE CAPITLAZATION VALUE (CLASS A)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 26,895,093
[INVESTMENTS-AT-VALUE] 25,136,072
[RECEIVABLES] 446,908
[ASSETS-OTHER] 42,252
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,625,232
[PAYABLE-FOR-SECURITIES] 687,669
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 129,920
[TOTAL-LIABILITIES] 817,589
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 26,498,948
[SHARES-COMMON-STOCK] 2,668,377
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (28,882)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 96,598
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,759,021)
[NET-ASSETS] 24,807,643
[DIVIDEND-INCOME] 42,314
[INTEREST-INCOME] 127,468
[OTHER-INCOME] (149)
[EXPENSES-NET] 152,745
[NET-INVESTMENT-INCOME] 16,888
[REALIZED-GAINS-CURRENT] 96,598
[APPREC-INCREASE-CURRENT] (1,759,021)
[NET-CHANGE-FROM-OPS] (1,645,535)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (1,645,535)
[DISTRIBUTIONS-OTHER] (45,770)
[NUMBER-OF-SHARES-SOLD] 30,381,716
[NUMBER-OF-SHARES-REDEEMED] (3,943,715)
[SHARES-REINVESTED] 42,947
[NET-CHANGE-IN-ASSETS] 23,144,108
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 38,392
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 152,745
[AVERAGE-NET-ASSETS] 3,390,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.02
[PER-SHARE-GAIN-APPREC] (0.68)
[PER-SHARE-DIVIDEND] (0.03)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.31
[EXPENSE-RATIO] 2.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - LARGE CAPITALIZATION VALUE
[SERIES]
[NUMBER] 002
[NAME] LARGE CAPITLAZATION VALUE (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 26,895,093
[INVESTMENTS-AT-VALUE] 25,136,072
[RECEIVABLES] 446,908
[ASSETS-OTHER] 42,252
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,625,232
[PAYABLE-FOR-SECURITIES] 687,669
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 129,920
[TOTAL-LIABILITIES] 817,589
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 26,498,948
[SHARES-COMMON-STOCK] 2,668,377
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (28,882)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 96,598
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,759,021)
[NET-ASSETS] 24,807,643
[DIVIDEND-INCOME] 42,314
[INTEREST-INCOME] 127,468
[OTHER-INCOME] (149)
[EXPENSES-NET] 152,745
[NET-INVESTMENT-INCOME] 16,888
[REALIZED-GAINS-CURRENT] 96,598
[APPREC-INCREASE-CURRENT] (1,759,021)
[NET-CHANGE-FROM-OPS] (1,645,535)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (1,645,535)
[DISTRIBUTIONS-OTHER] (45,770)
[NUMBER-OF-SHARES-SOLD] 30,381,716
[NUMBER-OF-SHARES-REDEEMED] (3,943,715)
[SHARES-REINVESTED] 42,947
[NET-CHANGE-IN-ASSETS] 23,144,108
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 38,392
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 152,745
[AVERAGE-NET-ASSETS] 6,821,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.01
[PER-SHARE-GAIN-APPREC] (0.70)
[PER-SHARE-DIVIDEND] (0.02)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.29
[EXPENSE-RATIO] 2.90
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - LARGE CAPITALIZATION VALUE
[SERIES]
[NUMBER] 003
[NAME] LARGE CAPITALZATION VALUE (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 26,895,093
[INVESTMENTS-AT-VALUE] 25,136,072
[RECEIVABLES] 446,908
[ASSETS-OTHER] 42,252
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,625,232
[PAYABLE-FOR-SECURITIES] 687,669
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 129,920
[TOTAL-LIABILITIES] 817,589
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 26,498,948
[SHARES-COMMON-STOCK] 2,668,377
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (28,882)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 96,598
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,759,021)
[NET-ASSETS] 24,807,643
[DIVIDEND-INCOME] 42,314
[INTEREST-INCOME] 127,468
[OTHER-INCOME] (149)
[EXPENSES-NET] 152,745
[NET-INVESTMENT-INCOME] 16,888
[REALIZED-GAINS-CURRENT] 96,598
[APPREC-INCREASE-CURRENT] (1,759,021)
[NET-CHANGE-FROM-OPS] (1,645,535)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (1,645,535)
[DISTRIBUTIONS-OTHER] (45,770)
[NUMBER-OF-SHARES-SOLD] 30,381,716
[NUMBER-OF-SHARES-REDEEMED] (3,943,715)
[SHARES-REINVESTED] 42,947
[NET-CHANGE-IN-ASSETS] 23,144,108
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 38,392
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 152,745
[AVERAGE-NET-ASSETS] 12,344,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.01
[PER-SHARE-GAIN-APPREC] (0.70)
[PER-SHARE-DIVIDEND] (0.02)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.29
[EXPENSE-RATIO] 2.90
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - SMALL CAPITALIZATION GROWTH
[SERIES]
[NUMBER] 001
[NAME] SMALL CAPITLAZATION GROWTH (CLASS A)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 14,333,398
[INVESTMENTS-AT-VALUE] 15,664,199
[RECEIVABLES] 459,335
[ASSETS-OTHER] 42,242
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 16,165,776
[PAYABLE-FOR-SECURITIES] 610,889
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 105,753
[TOTAL-LIABILITIES] 716,642
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 14,039,440
[SHARES-COMMON-STOCK] 1,377,080
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (77,151)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 156,045
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,330,801
[NET-ASSETS] 15,449,135
[DIVIDEND-INCOME] 28,641
[INTEREST-INCOME] 5,834
[OTHER-INCOME] 0
[EXPENSES-NET] 111,626
[NET-INVESTMENT-INCOME] (77,151)
[REALIZED-GAINS-CURRENT] 156,045
[APPREC-INCREASE-CURRENT] 1,330,801
[NET-CHANGE-FROM-OPS] 1,409,695
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 17,680,767
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] (3,659,327)
[NET-CHANGE-IN-ASSETS] 15,431,135
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 23,017
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 111,626
[AVERAGE-NET-ASSETS] 5,283,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.05)
[PER-SHARE-GAIN-APPREC] 1.28
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.23
[EXPENSE-RATIO] 2.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - SMALL CAPITALIZATION GROWTH
[SERIES]
[NUMBER] 002
[NAME] SMALL CAPITLAZATION GROWTH (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 14,333,398
[INVESTMENTS-AT-VALUE] 15,664,199
[RECEIVABLES] 459,335
[ASSETS-OTHER] 42,242
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 16,165,776
[PAYABLE-FOR-SECURITIES] 610,889
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 105,753
[TOTAL-LIABILITIES] 716,642
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 14,039,440
[SHARES-COMMON-STOCK] 1,377,080
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (77,151)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 156,045
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,330,801
[NET-ASSETS] 15,449,135
[DIVIDEND-INCOME] 28,641
[INTEREST-INCOME] 5,834
[OTHER-INCOME] 0
[EXPENSES-NET] 111,626
[NET-INVESTMENT-INCOME] (77,151)
[REALIZED-GAINS-CURRENT] 156,045
[APPREC-INCREASE-CURRENT] 1,330,801
[NET-CHANGE-FROM-OPS] 1,409,695
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 17,680,767
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] (3,659,327)
[NET-CHANGE-IN-ASSETS] 15,431,135
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 23,017
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 111,626
[AVERAGE-NET-ASSETS] 3,292,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.06)
[PER-SHARE-GAIN-APPREC] 1.27
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.21
[EXPENSE-RATIO] 3.66
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - SMALL CAPITALIZATION GROWTH
[SERIES]
[NUMBER] 003
[NAME] SMALL CAPITALZATION GROWTH (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 14,333,398
[INVESTMENTS-AT-VALUE] 15,664,199
[RECEIVABLES] 459,335
[ASSETS-OTHER] 42,242
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 16,165,776
[PAYABLE-FOR-SECURITIES] 610,889
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 105,753
[TOTAL-LIABILITIES] 716,642
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 14,039,440
[SHARES-COMMON-STOCK] 1,377,080
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (77,151)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 156,045
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,330,801
[NET-ASSETS] 15,449,135
[DIVIDEND-INCOME] 28,641
[INTEREST-INCOME] 5,834
[OTHER-INCOME] 0
[EXPENSES-NET] 111,626
[NET-INVESTMENT-INCOME] (77,151)
[REALIZED-GAINS-CURRENT] 156,045
[APPREC-INCREASE-CURRENT] 1,330,801
[NET-CHANGE-FROM-OPS] 1,409,695
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 17,680,767
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] (3,659,327)
[NET-CHANGE-IN-ASSETS] 15,431,135
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 23,017
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 111,626
[AVERAGE-NET-ASSETS] 4,947,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.06)
[PER-SHARE-GAIN-APPREC] 1.27
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 11.21
[EXPENSE-RATIO] 3.66
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001090155
<NAME> TARGET FUNDS - SMALL CAPITALIZATION VALUE
<SERIES>
<NUMBER> 001
<NAME> SMALL CAPITLAZATION VALUE (CLASS A)
<S> <C>
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<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 12,789,854
<INVESTMENTS-AT-VALUE> 12,430,471
<RECEIVABLES> 112,245
<ASSETS-OTHER> 50,169
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,592,885
<PAYABLE-FOR-SECURITIES> 135,007
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 596,324
<TOTAL-LIABILITIES> 731,331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,009,814
<SHARES-COMMON-STOCK> 1,208,406
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (39,881)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 171,004
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (359,383)
<NET-ASSETS> 11,781,554
<DIVIDEND-INCOME> 20,584
<INTEREST-INCOME> 42,233
<OTHER-INCOME> 0
<EXPENSES-NET> 102,698
<NET-INVESTMENT-INCOME> (39,881)
<REALIZED-GAINS-CURRENT> 171,004
<APPREC-INCREASE-CURRENT> (359,383)
<NET-CHANGE-FROM-OPS> (228,260)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (228,260)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,648,564
<NUMBER-OF-SHARES-REDEEMED> (1,576,750)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 11,615,294
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19,192
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 102,698
<AVERAGE-NET-ASSETS> 5,640,000
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (0.14)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.83
<EXPENSE-RATIO> 3.40
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - SMALL CAPITALIZATION VALUE
[SERIES]
[NUMBER] 002
[NAME] SMALL CAPITLAZATION VALUE (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 12,789,854
[INVESTMENTS-AT-VALUE] 12,430,471
[RECEIVABLES] 112,245
[ASSETS-OTHER] 50,169
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 12,592,885
[PAYABLE-FOR-SECURITIES] 135,007
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 596,324
[TOTAL-LIABILITIES] 731,331
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12,009,814
[SHARES-COMMON-STOCK] 1,208,406
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (39,881)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 171,004
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (359,383)
[NET-ASSETS] 11,781,554
[DIVIDEND-INCOME] 20,584
[INTEREST-INCOME] 42,233
[OTHER-INCOME] 0
[EXPENSES-NET] 102,698
[NET-INVESTMENT-INCOME] (39,881)
[REALIZED-GAINS-CURRENT] 171,004
[APPREC-INCREASE-CURRENT] (359,383)
[NET-CHANGE-FROM-OPS] (228,260)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (228,260)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13,648,564
[NUMBER-OF-SHARES-REDEEMED] (1,576,750)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 11,615,294
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,192
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 102,698
[AVERAGE-NET-ASSETS] 2,275,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.04)
[PER-SHARE-GAIN-APPREC] (0.15)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.81
[EXPENSE-RATIO] 4.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - SMALL CAPITALIZATION VALUE
[SERIES]
[NUMBER] 003
[NAME] SMALL CAPITALZATION VALUE (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 12,789,854
[INVESTMENTS-AT-VALUE] 12,430,471
[RECEIVABLES] 112,245
[ASSETS-OTHER] 50,169
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 12,592,885
[PAYABLE-FOR-SECURITIES] 135,007
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 596,324
[TOTAL-LIABILITIES] 731,331
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 12,009,814
[SHARES-COMMON-STOCK] 1,208,406
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (39,881)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 171,004
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (359,383)
[NET-ASSETS] 11,781,554
[DIVIDEND-INCOME] 20,584
[INTEREST-INCOME] 42,233
[OTHER-INCOME] 0
[EXPENSES-NET] 102,698
[NET-INVESTMENT-INCOME] (39,881)
[REALIZED-GAINS-CURRENT] 171,004
[APPREC-INCREASE-CURRENT] (359,383)
[NET-CHANGE-FROM-OPS] (228,260)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (228,260)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13,648,564
[NUMBER-OF-SHARES-REDEEMED] (1,576,750)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 11,615,294
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,192
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 102,698
[AVERAGE-NET-ASSETS] 3,360,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.04)
[PER-SHARE-GAIN-APPREC] (0.15)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.81
[EXPENSE-RATIO] 4.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - INTERNATIONAL EQUITY
[SERIES]
[NUMBER] 001
[NAME] INTERNATIONAL EQUITY (CLASS A)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 18,824,868
[INVESTMENTS-AT-VALUE] 18,837,254
[RECEIVABLES] 150,027
[ASSETS-OTHER] 54,377
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 19,041,658
[PAYABLE-FOR-SECURITIES] 197,920
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 137,046
[TOTAL-LIABILITIES] 334,966
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 19,067,261
[SHARES-COMMON-STOCK] 1,897,073
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (99,156)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (113,332)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (148,081)
[NET-ASSETS] 18,706,692
[DIVIDEND-INCOME] 28,525
[INTEREST-INCOME] 27,847
[OTHER-INCOME] (3,093)
[EXPENSES-NET] 152,435
[NET-INVESTMENT-INCOME] (99,156)
[REALIZED-GAINS-CURRENT] (113,332)
[APPREC-INCREASE-CURRENT] (148,081)
[NET-CHANGE-FROM-OPS] (360,569)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (360,569)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 29,292,094
[NUMBER-OF-SHARES-REDEEMED] (10,242,833)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 18,328,123
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 34,043
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 152,435
[AVERAGE-NET-ASSETS] 4,160,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.04)
[PER-SHARE-GAIN-APPREC] (0.08)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.88
[EXPENSE-RATIO] 3.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - INTERNATIONAL EQUITY
[SERIES]
[NUMBER] 002
[NAME] INTERNATIONAL EQUITY (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 18,824,868
[INVESTMENTS-AT-VALUE] 18,837,254
[RECEIVABLES] 150,027
[ASSETS-OTHER] 54,377
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 19,041,658
[PAYABLE-FOR-SECURITIES] 197,920
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 137,046
[TOTAL-LIABILITIES] 334,966
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 19,067,261
[SHARES-COMMON-STOCK] 1,897,073
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (99,156)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (113,332)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (148,081)
[NET-ASSETS] 18,706,692
[DIVIDEND-INCOME] 28,525
[INTEREST-INCOME] 27,847
[OTHER-INCOME] (3,093)
[EXPENSES-NET] 152,435
[NET-INVESTMENT-INCOME] (99,156)
[REALIZED-GAINS-CURRENT] (113,332)
[APPREC-INCREASE-CURRENT] (148,081)
[NET-CHANGE-FROM-OPS] (360,569)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (360,569)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 29,292,094
[NUMBER-OF-SHARES-REDEEMED] (10,242,833)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 18,328,123
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 34,043
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 152,435
[AVERAGE-NET-ASSETS] 5,052,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.05)
[PER-SHARE-GAIN-APPREC] (0.09)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.86
[EXPENSE-RATIO] 3.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - INTERNATIONAL EQUITY
[SERIES]
[NUMBER] 003
[NAME] INTERNATIONAL EQUITY (CLASS C)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 18,824,868
[INVESTMENTS-AT-VALUE] 18,837,254
[RECEIVABLES] 150,027
[ASSETS-OTHER] 54,377
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 19,041,658
[PAYABLE-FOR-SECURITIES] 197,920
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 137,046
[TOTAL-LIABILITIES] 334,966
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 19,067,261
[SHARES-COMMON-STOCK] 1,897,073
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (99,156)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (113,332)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (148,081)
[NET-ASSETS] 18,706,692
[DIVIDEND-INCOME] 28,525
[INTEREST-INCOME] 27,847
[OTHER-INCOME] (3,093)
[EXPENSES-NET] 152,435
[NET-INVESTMENT-INCOME] (99,156)
[REALIZED-GAINS-CURRENT] (113,332)
[APPREC-INCREASE-CURRENT] (148,081)
[NET-CHANGE-FROM-OPS] (360,569)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (360,569)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 29,292,094
[NUMBER-OF-SHARES-REDEEMED] (10,242,833)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 18,328,123
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 34,043
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 152,435
[AVERAGE-NET-ASSETS] 8,288,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (0.06)
[PER-SHARE-GAIN-APPREC] (0.08)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.86
[EXPENSE-RATIO] 3.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - TOTAL RETURN
[SERIES]
[NUMBER] 001
[NAME] TOTAL RETURN (CLASS A)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 35,971,425
[INVESTMENTS-AT-VALUE] 35,893,927
[RECEIVABLES] 1,877,006
[ASSETS-OTHER] 214,098
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 37,985,031
[PAYABLE-FOR-SECURITIES] 12,061,719
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 275,744
[TOTAL-LIABILITIES] 12,337,463
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 26,341,016
[SHARES-COMMON-STOCK] 2,633,375
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (18,968)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (536,191)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (138,289)
[NET-ASSETS] 25,647,568
[DIVIDEND-INCOME] 396,531
[INTEREST-INCOME] 0
[OTHER-INCOME] 0
[EXPENSES-NET] 140,403
[NET-INVESTMENT-INCOME] 256,128
[REALIZED-GAINS-CURRENT] (536,191)
[APPREC-INCREASE-CURRENT] (138,289)
[NET-CHANGE-FROM-OPS] (418,352)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (418,352)
[DISTRIBUTIONS-OF-GAINS] (275,096)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31,329,117
[NUMBER-OF-SHARES-REDEEMED] (5,211,518)
[SHARES-REINVESTED] 213,417
[NET-CHANGE-IN-ASSETS] 25,219,216
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 31,453
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 140,403
[AVERAGE-NET-ASSETS] 12,525,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] (0.26)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.74
[EXPENSE-RATIO] 2.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - TOTAL RETURN
[SERIES]
[NUMBER] 002
[NAME] TOTAL RETURN (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 35,971,425
[INVESTMENTS-AT-VALUE] 35,893,927
[RECEIVABLES] 1,877,006
[ASSETS-OTHER] 214,098
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 37,985,031
[PAYABLE-FOR-SECURITIES] 12,061,719
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 275,744
[TOTAL-LIABILITIES] 12,337,463
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 26,341,016
[SHARES-COMMON-STOCK] 2,633,375
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (18,968)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (536,191)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (138,289)
[NET-ASSETS] 25,647,568
[DIVIDEND-INCOME] 396,531
[INTEREST-INCOME] 0
[OTHER-INCOME] 0
[EXPENSES-NET] 140,403
[NET-INVESTMENT-INCOME] 256,128
[REALIZED-GAINS-CURRENT] (536,191)
[APPREC-INCREASE-CURRENT] (138,289)
[NET-CHANGE-FROM-OPS] (418,352)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (418,352)
[DISTRIBUTIONS-OF-GAINS] (275,096)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31,329,117
[NUMBER-OF-SHARES-REDEEMED] (5,211,518)
[SHARES-REINVESTED] 213,417
[NET-CHANGE-IN-ASSETS] 25,219,216
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 31,453
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 140,403
[AVERAGE-NET-ASSETS] 5,902,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] (0.26)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.74
[EXPENSE-RATIO] 2.52
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
[ARTICLE] 6
[CIK] 0001090155
[NAME] TARGET FUNDS - TOTAL RETURN
[SERIES]
[NUMBER] 002
[NAME] TOTAL RETURN (CLASS B)
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-2000
[PERIOD-END] JAN-31-2000
[INVESTMENTS-AT-COST] 35,971,425
[INVESTMENTS-AT-VALUE] 35,893,927
[RECEIVABLES] 1,877,006
[ASSETS-OTHER] 214,098
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 37,985,031
[PAYABLE-FOR-SECURITIES] 12,061,719
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 275,744
[TOTAL-LIABILITIES] 12,337,463
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 26,341,016
[SHARES-COMMON-STOCK] 2,633,375
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (18,968)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (536,191)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (138,289)
[NET-ASSETS] 25,647,568
[DIVIDEND-INCOME] 396,531
[INTEREST-INCOME] 0
[OTHER-INCOME] 0
[EXPENSES-NET] 140,403
[NET-INVESTMENT-INCOME] 256,128
[REALIZED-GAINS-CURRENT] (536,191)
[APPREC-INCREASE-CURRENT] (138,289)
[NET-CHANGE-FROM-OPS] (418,352)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (418,352)
[DISTRIBUTIONS-OF-GAINS] (275,096)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31,329,117
[NUMBER-OF-SHARES-REDEEMED] (5,211,518)
[SHARES-REINVESTED] 213,417
[NET-CHANGE-IN-ASSETS] 25,219,216
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 31,453
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 140,403
[AVERAGE-NET-ASSETS] 5,902,000
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] (0.26)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.74
[EXPENSE-RATIO] 2.52
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
