<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000036563
<NAME> TRAINER WORTHAM FIRST MUTUAL FUNDS
<SERIES>
<NUMBER> 1
<NAME> TRAINER WORTHAM FIRST MUTUAL FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 42725695
<INVESTMENTS-AT-VALUE> 71344616
<RECEIVABLES> 23005
<ASSETS-OTHER> 9684
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 71377305
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 80800
<TOTAL-LIABILITIES> 80800
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34273129
<SHARES-COMMON-STOCK> 3555508
<SHARES-COMMON-PRIOR> 3310710
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8404455
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28618921
<NET-ASSETS> 71296505
<DIVIDEND-INCOME> 176023
<INTEREST-INCOME> 53089
<OTHER-INCOME> 0
<EXPENSES-NET> 1007268
<NET-INVESTMENT-INCOME> (778156)
<REALIZED-GAINS-CURRENT> 8404175
<APPREC-INCREASE-CURRENT> 7064986
<NET-CHANGE-FROM-OPS> 14691005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2836630)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1502612
<NUMBER-OF-SHARES-REDEEMED> (1397103)
<SHARES-REINVESTED> 139289
<NET-CHANGE-IN-ASSETS> 244798
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2836630
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 475160
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1007268
<AVERAGE-NET-ASSETS> 63254988
<PER-SHARE-NAV-BEGIN> 16.54
<PER-SHARE-NII> (0.22)
<PER-SHARE-GAIN-APPREC> 4.58
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.05
<EXPENSE-RATIO> 1.59
</TABLE>