<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following FDS has been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000799196
<NAME> The Elite Group
<SERIES>
<NAME> The Elite Growth and Income Fund
<NUMBER> 1
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-START> Oct-1-1998
<PERIOD-END> Sep-30-1999
<EXCHANGE-RATE> 1.00
<INVESTMENTS-AT-COST> 43,497
<INVESTMENTS-AT-VALUE> 64,625
<RECEIVABLES> 126
<ASSETS-OTHER> 4,286
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 69,037
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 90
<TOTAL-LIABILITIES> 90
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,452
<SHARES-COMMON-STOCK> 3,071
<SHARES-COMMON-PRIOR> 3,439
<ACCUMULATED-NII-CURRENT> 24
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (656)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,127
<NET-ASSETS> 68,947
<DIVIDEND-INCOME> 1,024
<INTEREST-INCOME> 421
<OTHER-INCOME> 0
<EXPENSES-NET> 867
<NET-INVESTMENT-INCOME> 578
<REALIZED-GAINS-CURRENT> 494
<APPREC-INCREASE-CURRENT> 5,077
<NET-CHANGE-FROM-OPS> 6,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 591
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 291
<NUMBER-OF-SHARES-REDEEMED> 681
<SHARES-REINVESTED> 22
<NET-CHANGE-IN-ASSETS> (3,323)
<ACCUMULATED-NII-PRIOR> 37
<ACCUMULATED-GAINS-PRIOR> (1,150)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 773
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 965
<AVERAGE-NET-ASSETS> 69,951
<PER-SHARE-NAV-BEGIN> 21.02
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 1.43
<PER-SHARE-DIVIDEND> 0.18
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.45
<EXPENSE-RATIO> 1.25
</TABLE>