<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000702435
<NAME> THE FLEX-FUNDS
<SERIES>
<NUMBER> 002
<NAME> THE HIGHLANDS GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 39,504,830
<INVESTMENTS-AT-VALUE> 51,455,958
<RECEIVABLES> 142,572
<ASSETS-OTHER> 38,299
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 51,636,829
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127,435
<TOTAL-LIABILITIES> 127,435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,016,435
<SHARES-COMMON-STOCK> 2,321,848
<SHARES-COMMON-PRIOR> 2,372,688
<ACCUMULATED-NII-CURRENT> 1,329
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,540,502
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,951,128
<NET-ASSETS> 51,509,394
<DIVIDEND-INCOME> 249,407
<INTEREST-INCOME> 121,739
<OTHER-INCOME> (288,848)
<EXPENSES-NET> 82,879
<NET-INVESTMENT-INCOME> (581)
<REALIZED-GAINS-CURRENT> 1,822,112
<APPREC-INCREASE-CURRENT> (2,304,598)
<NET-CHANGE-FROM-OPS> (483,067)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 646,116
<NUMBER-OF-SHARES-REDEEMED> 696,956
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,577,526)
<ACCUMULATED-NII-PRIOR> 1,910
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 281,610
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 82,879
<AVERAGE-NET-ASSETS> 50,993,384
<PER-SHARE-NAV-BEGIN> 22.37
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.18
<EXPENSE-RATIO> 1.45
<FN>
<F1>
</FN>
</TABLE>