<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000794802
<NAME> BUTTONWOOD CAPITAL APPRECIATION FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 23021
<INVESTMENTS-AT-VALUE> 31363
<RECEIVABLES> 586
<ASSETS-OTHER> 10
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31959
<PAYABLE-FOR-SECURITIES> 537
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 322
<TOTAL-LIABILITIES> 859
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17101
<SHARES-COMMON-STOCK> 1303
<SHARES-COMMON-PRIOR> 2065
<ACCUMULATED-NII-CURRENT> (73)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7336
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8342
<NET-ASSETS> 31100
<DIVIDEND-INCOME> 748
<INTEREST-INCOME> 81
<OTHER-INCOME> 0
<EXPENSES-NET> 902
<NET-INVESTMENT-INCOME> (73)
<REALIZED-GAINS-CURRENT> 7336
<APPREC-INCREASE-CURRENT> (13382)
<NET-CHANGE-FROM-OPS> (6119)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 55
<DISTRIBUTIONS-OF-GAINS> 4486
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33
<NUMBER-OF-SHARES-REDEEMED> 955
<SHARES-REINVESTED> 159
<NET-CHANGE-IN-ASSETS> (30098)
<ACCUMULATED-NII-PRIOR> 167
<ACCUMULATED-GAINS-PRIOR> 2881
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 325
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 902
<AVERAGE-NET-ASSETS> 43330
<PER-SHARE-NAV-BEGIN> 29.64
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> (3.28)
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 2.40
<RETURNS-OF-CAPITAL> (12.01)
<PER-SHARE-NAV-END> 23.87
<EXPENSE-RATIO> 2.08
</TABLE>
