<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000763534
<NAME> CHURCHILL CASH RESERVES TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 72,244,270
<INVESTMENTS-AT-VALUE> 72,244,270
<RECEIVABLES> 273,401
<ASSETS-OTHER> 5,623
<OTHER-ITEMS-ASSETS> 937
<TOTAL-ASSETS> 72,524,231
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 427,363
<TOTAL-LIABILITIES> 427,363
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,096,868
<SHARES-COMMON-STOCK> 72,087,700
<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> 72,096,868
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,390,721
<OTHER-INCOME> 0
<EXPENSES-NET> 242,852
<NET-INVESTMENT-INCOME> 2,147,869
<REALIZED-GAINS-CURRENT> 108
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,147,977
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,147,869
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,246,876
<NUMBER-OF-SHARES-REDEEMED> 79,506,059
<SHARES-REINVESTED> 20
<NET-CHANGE-IN-ASSETS> (4,259,055)
<ACCUMULATED-NII-PRIOR> 3,748
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 202,377
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 276,097
<AVERAGE-NET-ASSETS> 80,115,070
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .026
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .026
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .60
</TABLE>
