<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> 025
<NAME> INVESTORS HIGH GRADE BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 24272769
<INVESTMENTS-AT-VALUE> 23664966
<RECEIVABLES> 401412
<ASSETS-OTHER> 2541
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24068919
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131249
<TOTAL-LIABILITIES> 131249
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25122799
<SHARES-COMMON-STOCK> 2498185
<SHARES-COMMON-PRIOR> 2984835
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 27
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 577299
<ACCUM-APPREC-OR-DEPREC> (607803)
<NET-ASSETS> 23937670
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 845852
<OTHER-INCOME> 0
<EXPENSES-NET> 90372
<NET-INVESTMENT-INCOME> 755480
<REALIZED-GAINS-CURRENT> (276703)
<APPREC-INCREASE-CURRENT> 567130
<NET-CHANGE-FROM-OPS> 1045907
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 755480
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 59736
<NUMBER-OF-SHARES-REDEEMED> 552821
<SHARES-REINVESTED> 6435
<NET-CHANGE-IN-ASSETS> (4296394)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 27
<OVERDIST-NET-GAINS-PRIOR> 300596
<GROSS-ADVISORY-FEES> 51654
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 153447
<AVERAGE-NET-ASSETS> 25756637
<PER-SHARE-NAV-BEGIN> 9.46
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 0.12
<PER-SHARE-DIVIDEND> 0.28
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.58
<EXPENSE-RATIO> 0.70
</TABLE>