PBHG FUNDS INC /
NSAR-A, 1999-11-26
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<PAGE>      PAGE  1
000 A000000 09/30/1999
000 C000000 0000775180
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 THE PBHG FUNDS, INC.
001 B000000 811-4391
001 C000000 8004330051
002 A000000 825 DUPORTAIL ROAD
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
003  000000 N
004  000000 N
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020 A000001 CS FIRST BOSTON
020 C000001   1206
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020 C000002    558
020 A000003 STUART FRANKEL
020 B000003 13-3430942
020 C000003    526
020 A000004 INSTINET
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020 C000004    348
020 A000005 SALOMON SMITH BARNEY
020 B000005 13-1912900
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020 A000006 GOLDMAN SACHS
020 B000006 13-5108880
020 C000006    287
020 A000007 MORGAN STANLEY
020 B000007 13-2655998
020 C000007    283
020 A000008 DEUTSCHE BANK SECURITIES
020 B000008 52-1319768
020 C000008    243
020 A000009 LEHMAN BROTHERS
020 B000009 13-2927667
020 C000009    217
020 A000010 INVESTMENT TECHNOLOGY GROUP
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020 C000010    207
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<PAGE>      PAGE  2
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  13
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074 X001200     2451
074 Y001200        0
075 A001200        0
075 B001200    43176
025 A001301 DONALDSON LUFKIN & JENRETTE
025 C001301 E
025 D001301     194
025 A001302 PAINE WEBBER
025 C001302 E
025 D001302     330
025 A001303 JP MORGAN
025 B001303 13-3224016
025 C001303 D
025 D001303    2291
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
<PAGE>      PAGE  19
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
071 A001300    225274
071 B001300    243460
071 C001300     47518
071 D001300  474
072 A001300  6
072 B001300       67
072 C001300      268
072 D001300        0
072 E001300        0
072 F001300      217
072 G001300       38
072 H001300        0
074 N001300    44041
074 T001300    40743
075 A001300        0
075 B001300    50809
025 A001401 JP MORGAN
025 B001401 13-3224016
025 C001401 D
025 D001401    4117
025 D001402       0
025 D001403       0
025 D001404       0
025 D001405       0
025 D001406       0
025 D001407       0
025 D001408       0
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
062 A001400 N
062 B001400   0.0
062 C001400   0.0
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
<PAGE>      PAGE  20
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
071 A001400    121381
071 B001400    135960
071 C001400     69255
071 D001400  175
072 A001400  6
072 B001400       51
072 C001400      288
072 D001400        0
072 E001400        0
072 F001400      363
072 G001400       55
072 H001400        0
074 N001400    72765
074 O001400     5478
074 P001400        0
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400      262
074 S001400        0
074 T001400    67025
074 U011400     4994
074 U021400        0
074 V011400    13.42
074 V021400     0.00
074 W001400   0.0000
074 X001400     2174
074 Y001400        0
075 A001400        0
075 B001400    72447
025 A001501 MORGAN STANLEY
025 B001501 13-2655998
025 C001501 D
025 D001501      86
025 D001502       0
025 D001503       0
025 D001504       0
025 D001505       0
025 D001506       0
025 D001507       0
025 D001508       0
055 A001500 N
055 B001500 Y
056  001500 N
057  001500 N
<PAGE>      PAGE  21
062 A001500 N
062 B001500   0.0
062 C001500   0.0
062 D001500   0.0
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500   0.0
062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
071 A001500    181185
071 B001500    168852
071 C001500     26761
071 D001500  631
072 A001500  6
074 N001500    51041
074 T001500    43077
075 A001500        0
075 B001500    28040
076  001500     0.00
025 A001601 MORGAN STANLEY
025 B001601 13-2655998
025 C001601 D
025 D001601     248
025 D001602       0
025 D001603       0
025 D001604       0
025 D001605       0
025 D001606       0
025 D001607       0
025 D001608       0
062 A001600 N
062 B001600   0.0
062 C001600   0.0
062 D001600   0.0
062 E001600   0.0
062 F001600   0.0
062 G001600   0.0
062 H001600   0.0
062 I001600   0.0
062 J001600   0.0
062 K001600   0.0
062 L001600   0.0
<PAGE>      PAGE  22
062 M001600   0.0
062 N001600   0.0
062 O001600   0.0
062 P001600   0.0
062 Q001600   0.0
062 R001600   0.0
071 A001600     28703
071 B001600     28898
071 C001600      3734
071 D001600  769
072 A001600  6
074 N001600     4250
074 O001600      251
074 P001600        0
074 Q001600        0
074 R011600        0
074 R021600        0
074 R031600        0
074 R041600       11
074 S001600        0
074 T001600     3988
074 U011600      322
074 U021600        0
074 V011600    12.01
074 V021600     0.00
074 W001600   0.0000
074 X001600      418
074 Y001600        0
075 A001600        0
075 B001600     3915
076  001600     0.00
SIGNATURE   LEE CUMMINGS
TITLE       CONTROLLER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 010
   <NAME> GROWTH FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                          1607246
<INVESTMENTS-AT-VALUE>                         2771764
<RECEIVABLES>                                    42019
<ASSETS-OTHER>                                      29
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 2813812
<PAYABLE-FOR-SECURITIES>                       (13564)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (4296)
<TOTAL-LIABILITIES>                            (17860)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1488500
<SHARES-COMMON-STOCK>                            91167
<SHARES-COMMON-PRIOR>                           131747
<ACCUMULATED-NII-CURRENT>                      (15129)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         158063
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1164518
<NET-ASSETS>                                   2795952
<DIVIDEND-INCOME>                                  166
<INTEREST-INCOME>                                 4386
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (19681)
<NET-INVESTMENT-INCOME>                        (15129)
<REALIZED-GAINS-CURRENT>                        453524
<APPREC-INCREASE-CURRENT>                       138042
<NET-CHANGE-FROM-OPS>                           576437
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          84264
<NUMBER-OF-SHARES-REDEEMED>                   (124844)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (499023)
<ACCUMULATED-NII-PRIOR>                          63931
<ACCUMULATED-GAINS-PRIOR>                     (295461)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            12749
<INTEREST-EXPENSE>                                  27
<GROSS-EXPENSE>                                  19681
<AVERAGE-NET-ASSETS>                           2926301
<PER-SHARE-NAV-BEGIN>                            24.51
<PER-SHARE-NII>                                  (.13)
<PER-SHARE-GAIN-APPREC>                           5.49
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.87
<EXPENSE-RATIO>                                   1.31


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> GROWTH FUND CLASS 2
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                          1607246
<INVESTMENTS-AT-VALUE>                         2771764
<RECEIVABLES>                                    42019
<ASSETS-OTHER>                                      29
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 2813812
<PAYABLE-FOR-SECURITIES>                       (13564)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (4296)
<TOTAL-LIABILITIES>                            (17860)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1488500
<SHARES-COMMON-STOCK>                             2462
<SHARES-COMMON-PRIOR>                             2720
<ACCUMULATED-NII-CURRENT>                      (15129)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         158063
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1164518
<NET-ASSETS>                                   2795952
<DIVIDEND-INCOME>                                  166
<INTEREST-INCOME>                                 4386
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (19681)
<NET-INVESTMENT-INCOME>                        (15129)
<REALIZED-GAINS-CURRENT>                        453524
<APPREC-INCREASE-CURRENT>                       138042
<NET-CHANGE-FROM-OPS>                           576437
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            234
<NUMBER-OF-SHARES-REDEEMED>                      (492)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (499023)
<ACCUMULATED-NII-PRIOR>                          63931
<ACCUMULATED-GAINS-PRIOR>                     (295461)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            12749
<INTEREST-EXPENSE>                                  27
<GROSS-EXPENSE>                                  19681
<AVERAGE-NET-ASSETS>                             65219
<PER-SHARE-NAV-BEGIN>                            24.35
<PER-SHARE-NII>                                  (.16)
<PER-SHARE-GAIN-APPREC>                           5.44
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.63
<EXPENSE-RATIO>                                   1.56


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 020
   <NAME> EMERGING GROWTH FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                           483318
<INVESTMENTS-AT-VALUE>                          674586
<RECEIVABLES>                                    63027
<ASSETS-OTHER>                                       3
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  737616
<PAYABLE-FOR-SECURITIES>                         11753
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2102
<TOTAL-LIABILITIES>                              13855
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        486475
<SHARES-COMMON-STOCK>                            29712
<SHARES-COMMON-PRIOR>                            35717
<ACCUMULATED-NII-CURRENT>                       (3238)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          49256
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        191268
<NET-ASSETS>                                    723761
<DIVIDEND-INCOME>                                   44
<INTEREST-INCOME>                                 1267
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (4549)
<NET-INVESTMENT-INCOME>                         (3238)
<REALIZED-GAINS-CURRENT>                         86068
<APPREC-INCREASE-CURRENT>                        35951
<NET-CHANGE-FROM-OPS>                           118781
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          78652
<NUMBER-OF-SHARES-REDEEMED>                    (84657)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (12247)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (36812)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2959
<INTEREST-EXPENSE>                                   5
<GROSS-EXPENSE>                                   4549
<AVERAGE-NET-ASSETS>                            694320
<PER-SHARE-NAV-BEGIN>                            20.61
<PER-SHARE-NII>                                  (.10)
<PER-SHARE-GAIN-APPREC>                           3.85
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.36
<EXPENSE-RATIO>                                   1.31


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 030
   <NAME> INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                             7176
<INVESTMENTS-AT-VALUE>                            9983
<RECEIVABLES>                                      322
<ASSETS-OTHER>                                      16
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   10321
<PAYABLE-FOR-SECURITIES>                            31
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                 31
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          5961
<SHARES-COMMON-STOCK>                              864
<SHARES-COMMON-PRIOR>                             1054
<ACCUMULATED-NII-CURRENT>                         (40)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1561
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2808
<NET-ASSETS>                                     10290
<DIVIDEND-INCOME>                                  105
<INTEREST-INCOME>                                   13
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (125)
<NET-INVESTMENT-INCOME>                            (7)
<REALIZED-GAINS-CURRENT>                          1539
<APPREC-INCREASE-CURRENT>                        (860)
<NET-CHANGE-FROM-OPS>                              672
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2679
<NUMBER-OF-SHARES-REDEEMED>                       2869
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          (1930)
<ACCUMULATED-NII-PRIOR>                           (33)
<ACCUMULATED-GAINS-PRIOR>                           22
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               61
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    125
<AVERAGE-NET-ASSETS>                             12139
<PER-SHARE-NAV-BEGIN>                            11.60
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                            .31
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.91
<EXPENSE-RATIO>                                   2.05


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 040
   <NAME> LARGE CAP GROWTH FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                            96883
<INVESTMENTS-AT-VALUE>                          117598
<RECEIVABLES>                                     3030
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  120628
<PAYABLE-FOR-SECURITIES>                          5479
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          138
<TOTAL-LIABILITIES>                               5617
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         45380
<SHARES-COMMON-STOCK>                             4657
<SHARES-COMMON-PRIOR>                             5863
<ACCUMULATED-NII-CURRENT>                        (564)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          49480
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         20715
<NET-ASSETS>                                    115011
<DIVIDEND-INCOME>                                  116
<INTEREST-INCOME>                                  132
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (812)
<NET-INVESTMENT-INCOME>                          (564)
<REALIZED-GAINS-CURRENT>                         40904
<APPREC-INCREASE-CURRENT>                      (39721)
<NET-CHANGE-FROM-OPS>                              619
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            868
<NUMBER-OF-SHARES-REDEEMED>                     (2074)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (29078)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         8576
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              481
<INTEREST-EXPENSE>                                   1
<GROSS-EXPENSE>                                    812
<AVERAGE-NET-ASSETS>                            127979
<PER-SHARE-NAV-BEGIN>                            24.57
<PER-SHARE-NII>                                  (.11)
<PER-SHARE-GAIN-APPREC>                            .24
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.70
<EXPENSE-RATIO>                                   1.27


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 050
   <NAME> SELECT EQUITY FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                           152557
<INVESTMENTS-AT-VALUE>                          197730
<RECEIVABLES>                                    15055
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  212785
<PAYABLE-FOR-SECURITIES>                       (10031)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        (433)
<TOTAL-LIABILITIES>                              10464
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         58774
<SHARES-COMMON-STOCK>                             7179
<SHARES-COMMON-PRIOR>                             9096
<ACCUMULATED-NII-CURRENT>                        (993)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          99367
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         45173
<NET-ASSETS>                                    202321
<DIVIDEND-INCOME>                                   37
<INTEREST-INCOME>                                  324
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1354)
<NET-INVESTMENT-INCOME>                          (993)
<REALIZED-GAINS-CURRENT>                         68261
<APPREC-INCREASE-CURRENT>                      (52005)
<NET-CHANGE-FROM-OPS>                            15263
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4932
<NUMBER-OF-SHARES-REDEEMED>                     (6849)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (33583)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        31106
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              876
<INTEREST-EXPENSE>                                   1
<GROSS-EXPENSE>                                   1354
<AVERAGE-NET-ASSETS>                            205498
<PER-SHARE-NAV-BEGIN>                            25.93
<PER-SHARE-NII>                                  (.13)
<PER-SHARE-GAIN-APPREC>                           2.38
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              28.18
<EXPENSE-RATIO>                                   1.31


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 060
   <NAME> CASH RESERVES FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                           247835
<INVESTMENTS-AT-VALUE>                          247835
<RECEIVABLES>                                      178
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  248013
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<NUMBER-OF-SHARES-SOLD>                        3789430
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<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .70


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 070
   <NAME> TECHNOLOGY AND COMMUNICATIONS FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                           601671
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<PAYABLE-FOR-SECURITIES>                         41022
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<ACCUMULATED-NII-CURRENT>                       (3211)
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<ACCUMULATED-NET-GAINS>                         249204
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        150818
<NET-ASSETS>                                    761614
<DIVIDEND-INCOME>                                  223
<INTEREST-INCOME>                                  692
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (4126)
<NET-INVESTMENT-INCOME>                         (3211)
<REALIZED-GAINS-CURRENT>                        159286
<APPREC-INCREASE-CURRENT>                      (11137)
<NET-CHANGE-FROM-OPS>                           144938
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<NUMBER-OF-SHARES-SOLD>                          54081
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<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        89918
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              34.87
<EXPENSE-RATIO>                                   1.27


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 080
   <NAME> CORE GROWTH FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
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<INVESTMENTS-AT-COST>                            71518
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         87399
<SHARES-COMMON-STOCK>                             5289
<SHARES-COMMON-PRIOR>                             6151
<ACCUMULATED-NII-CURRENT>                        (488)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (12615)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         12722
<NET-ASSETS>                                     87018
<DIVIDEND-INCOME>                                   38
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<EXPENSES-NET>                                   (612)
<NET-INVESTMENT-INCOME>                          (491)
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<NUMBER-OF-SHARES-SOLD>                           7657
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<NET-CHANGE-IN-ASSETS>                             533
<ACCUMULATED-NII-PRIOR>                              3
<ACCUMULATED-GAINS-PRIOR>                      (38931)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.45
<EXPENSE-RATIO>                                   1.41


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 090
   <NAME> LIMITED FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
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<INVESTMENTS-AT-COST>                            59757
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<PAID-IN-CAPITAL-COMMON>                         33488
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<ACCUMULATED-NET-GAINS>                          26367
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<ACCUM-APPREC-OR-DEPREC>                         30726
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<DIVIDEND-INCOME>                                    6
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<ACCUMULATED-GAINS-PRIOR>                         7958
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<GROSS-EXPENSE>                                    690
<AVERAGE-NET-ASSETS>                             99918
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.32
<EXPENSE-RATIO>                                   1.38


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 100
   <NAME> LARGE CAP 20 FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
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<ACCUMULATED-GAINS-PRIOR>                        30077
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<EXPENSE-RATIO>                                   1.35


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 110
   <NAME> STRATEGIC SMALL COMPANY FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
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<ACCUM-APPREC-OR-DEPREC>                          7562
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<EXPENSE-RATIO>                                   1.50


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 120
   <NAME> LARGE CAP VALUE FUND
<MULTIPLIER> 1000

<S>                             <C>
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<EXPENSE-RATIO>                                   1.15


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 130
   <NAME> MID CAP VALUE FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-START>                             APR-01-1999
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<EXPENSE-RATIO>                                   1.50


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000775180
<NAME> PBHG FUNDS
<SERIES>
   <NUMBER> 140
   <NAME> SMALL CAP VALUE FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000775180
<NAME> PBHG FUNDS
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