<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000759829
<NAME> HOTCHKIS AND WILEY FUNDS
<SERIES>
<NUMBER> 1
<NAME> BALANCED FUND - INVESTOR CLASS
<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> 75948202
<INVESTMENTS-AT-VALUE> 69179069
<RECEIVABLES> 4517692
<ASSETS-OTHER> 16402
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73713163
<PAYABLE-FOR-SECURITIES> 7865579
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 754510
<TOTAL-LIABILITIES> 8620089
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72377041
<SHARES-COMMON-STOCK> 4187251
<SHARES-COMMON-PRIOR> 5153281
<ACCUMULATED-NII-CURRENT> 33877
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (548711)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (6769133)
<NET-ASSETS> 65093074
<DIVIDEND-INCOME> 1434392
<INTEREST-INCOME> 2900658
<OTHER-INCOME> 0
<EXPENSES-NET> 761320
<NET-INVESTMENT-INCOME> 3573730
<REALIZED-GAINS-CURRENT> (15703)
<APPREC-INCREASE-CURRENT> (12090436)
<NET-CHANGE-FROM-OPS> (8532409)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3601177)
<DISTRIBUTIONS-OF-GAINS> (4255092)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 552816
<NUMBER-OF-SHARES-REDEEMED> (1982197)
<SHARES-REINVESTED> 463351
<NET-CHANGE-IN-ASSETS> (32805028)
<ACCUMULATED-NII-PRIOR> 72755
<ACCUMULATED-GAINS-PRIOR> 3712587
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 601429
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 916120
<AVERAGE-NET-ASSETS> 79869207
<PER-SHARE-NAV-BEGIN> 19.00
<PER-SHARE-NII> 0.79
<PER-SHARE-GAIN-APPREC> (2.52)
<PER-SHARE-DIVIDEND> (0.80)
<PER-SHARE-DISTRIBUTIONS> (0.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.54
<EXPENSE-RATIO> 0.95
</TABLE>
