<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-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
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<ACCUM-APPREC-OR-DEPREC> 486776
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<EXPENSES-NET> (7637)
<NET-INVESTMENT-INCOME> (3740)
<REALIZED-GAINS-CURRENT> (6414)
<APPREC-INCREASE-CURRENT> (24673)
<NET-CHANGE-FROM-OPS> (34827)
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<NUMBER-OF-SHARES-SOLD> 78868
<NUMBER-OF-SHARES-REDEEMED> (80984)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (121357)
<ACCUMULATED-NII-PRIOR> 0
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<RETURNS-OF-CAPITAL> 0.00
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<EXPENSE-RATIO> 1.25
</TABLE>
