PILGRIM SMALLCAP OPPORTUNITIES FUND
NSAR-A, EX-27.16, 2000-08-28
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 779235
<NAME> PILGRIM SMALLCAP OPPORTUNITIES FUND
<SERIES>
   <NUMBER> 16
   <NAME> CLASS Q
<MULTIPLIER> 1000
<CURRENCY> US

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           478733
<INVESTMENTS-AT-VALUE>                          702360
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  713175
<PAYABLE-FOR-SECURITIES>                         11290
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2117
<TOTAL-LIABILITIES>                              13407
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        397861
<SHARES-COMMON-STOCK>                               23
<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-NII>                          (4502)
<ACCUMULATED-NET-GAINS>                        (82781)
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<APPREC-INCREASE-CURRENT>                        22253
<NET-CHANGE-FROM-OPS>                            17751
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             23
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
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<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            60.86
<PER-SHARE-NII>                                 (0.08)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              63.99
<EXPENSE-RATIO>                                   1.26


</TABLE>


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