<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000763534
<NAME> CHURCHILL CASH RESERVES TRUST
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 69,340,289
<INVESTMENTS-AT-VALUE> 69,340,289
<RECEIVABLES> 117,446
<ASSETS-OTHER> 4,719
<OTHER-ITEMS-ASSETS> 53,145
<TOTAL-ASSETS> 69,515,599
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 372,711
<TOTAL-LIABILITIES> 372,711
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69,142,888
<SHARES-COMMON-STOCK> 69,131,921
<SHARES-COMMON-PRIOR> 76,346,862
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 69,142,888
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,557,978
<OTHER-INCOME> 0
<EXPENSES-NET> 442,520
<NET-INVESTMENT-INCOME> 4,115,458
<REALIZED-GAINS-CURRENT> 1,906
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,117,364
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,115,458
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140,789,242
<NUMBER-OF-SHARES-REDEEMED> 148,004,235
<SHARES-REINVESTED> 52
<NET-CHANGE-IN-ASSETS> (7,213,035)
<ACCUMULATED-NII-PRIOR> 3,748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 368,767
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 510,104
<AVERAGE-NET-ASSETS> 73,729,266
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .056
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .056
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .60
</TABLE>
