WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001093062
<NAME> LIBERTY FLOATING RATE ADVANTAGE FUND
<SERIES>
<NUMBER> 0
<NAME> LFRAF - CLASS Z
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-START> SEP-01-1999
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 102931
<INVESTMENTS-AT-VALUE> 102813
<RECEIVABLES> 9456
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 112276
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22241
<TOTAL-LIABILITIES> 22241
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 89971
<SHARES-COMMON-STOCK> 220
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 177
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (118)
<NET-ASSETS> 90035
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3012
<OTHER-INCOME> 45
<EXPENSES-NET> 765
<NET-INVESTMENT-INCOME> 2302
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> (118)
<NET-CHANGE-FROM-OPS> 2179
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (138)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2525
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 115
<NET-CHANGE-IN-ASSETS> 89971
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 106
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 575
<AVERAGE-NET-ASSETS> 24635
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> .646
<PER-SHARE-GAIN-APPREC> .078
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.644)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.08
<EXPENSE-RATIO> 0.67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
