<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE FORUM FUNDS SEPTEMBER 30, 2000 SEMI-
ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 003
<NAME> INVESTORS BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
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<INVESTMENTS-AT-VALUE> 13744038
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<ASSETS-OTHER> 25621
<OTHER-ITEMS-ASSETS> 226914
<TOTAL-ASSETS> 13996573
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 188371
<TOTAL-LIABILITIES> 188371
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16405666
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<SHARES-COMMON-PRIOR> 5180202
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<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 1207595
<ACCUM-APPREC-OR-DEPREC> (1389869)
<NET-ASSETS> 13808202
<DIVIDEND-INCOME> 208416
<INTEREST-INCOME> 1621583
<OTHER-INCOME> 0
<EXPENSES-NET> (153217)
<NET-INVESTMENT-INCOME> 1676782
<REALIZED-GAINS-CURRENT> (505039)
<APPREC-INCREASE-CURRENT> 2211204
<NET-CHANGE-FROM-OPS> 3382947
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1676782
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<NUMBER-OF-SHARES-SOLD> 52371
<NUMBER-OF-SHARES-REDEEMED> 3826745
<SHARES-REINVESTED> 33348
<NET-CHANGE-IN-ASSETS> (36623575)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 702555
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<PER-SHARE-NAV-END> 9.59
<EXPENSE-RATIO> 0.72
</TABLE>
