<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Midas Magic, Inc. Semi-Annual Report and is qualified in its entirety by
references to such financial statements.
</LEGEND>
<CIK> 0000767531
<NAME> Midas Magic, Inc.
<MULTIPLIER> 1
<CURRENCY> U.S. Dollar
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-START> Jan-01-2000
<PERIOD-END> Jun-30-2000
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 614,128
<INVESTMENTS-AT-VALUE> 655,881
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<TOTAL-ASSETS> 644,033
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<TOTAL-LIABILITIES> 47,591
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 34,398
<SHARES-COMMON-PRIOR> 39,620
<ACCUMULATED-NII-CURRENT> (5,087)
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 616,442
<DIVIDEND-INCOME> 1,711
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<EXPENSES-NET> 8,417
<NET-INVESTMENT-INCOME> (5,087)
<REALIZED-GAINS-CURRENT> (12,189)
<APPREC-INCREASE-CURRENT> (122,220)
<NET-CHANGE-FROM-OPS> (139,496)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
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<NUMBER-OF-SHARES-SOLD> 15,832
<NUMBER-OF-SHARES-REDEEMED> 21,054
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<NET-CHANGE-IN-ASSETS> (240,535)
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<GROSS-EXPENSE> 40,943
<AVERAGE-NET-ASSETS> 703,795
<PER-SHARE-NAV-BEGIN> 21.63
<PER-SHARE-NII> (.14)
<PER-SHARE-GAIN-APPREC> (5.57)
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<PER-SHARE-NAV-END> 17.92
<EXPENSE-RATIO> 2.41
</TABLE>