<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
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 194469
<INVESTMENTS-AT-VALUE> 210586
<RECEIVABLES> 6102
<ASSETS-OTHER> 656
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 217344
<PAYABLE-FOR-SECURITIES> 6603
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 281
<TOTAL-LIABILITIES> 6884
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 184868
<SHARES-COMMON-STOCK> 10159
<SHARES-COMMON-PRIOR> 4940
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (98)
<ACCUMULATED-NET-GAINS> 9573
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16117
<NET-ASSETS> 210460
<DIVIDEND-INCOME> 322
<INTEREST-INCOME> 551
<OTHER-INCOME> 0
<EXPENSES-NET> (966)
<NET-INVESTMENT-INCOME> (93)
<REALIZED-GAINS-CURRENT> 8085
<APPREC-INCREASE-CURRENT> 2990
<NET-CHANGE-FROM-OPS> 10982
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9502
<NUMBER-OF-SHARES-REDEEMED> (4283)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 117286
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1488
<OVERDISTRIB-NII-PRIOR> (5)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 966
<AVERAGE-NET-ASSETS> 128427
<PER-SHARE-NAV-BEGIN> 18.75
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.98
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.72
<EXPENSE-RATIO> 1.50
</TABLE>
