<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000809821
<NAME> DELAWARE GROUP EQUITY FUNDS V
<SERIES>
<NUMBER> 011
<NAME> DELAWARE SMALL-CAP VALUE FUND A CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 226,243,764
<INVESTMENTS-AT-VALUE> 254,990,975
<RECEIVABLES> 3,874,405
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 258,865,380
<PAYABLE-FOR-SECURITIES> 3,705,880
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 3,705,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 218,773,984
<SHARES-COMMON-STOCK> 6,471,015
<SHARES-COMMON-PRIOR> 8,503,128
<ACCUMULATED-NII-CURRENT> (133,831)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,072,136
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,447,211
<NET-ASSETS> 162,463,781
<DIVIDEND-INCOME> 2,651,365
<INTEREST-INCOME> 308,226
<OTHER-INCOME> 0
<EXPENSES-NET> 2,952,019
<NET-INVESTMENT-INCOME> 7,612
<REALIZED-GAINS-CURRENT> 8,321,809
<APPREC-INCREASE-CURRENT> (2,532,958)
<NET-CHANGE-FROM-OPS> 5,796,463
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 662,492
<DISTRIBUTIONS-OF-GAINS> 2,525,750
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,166,350
<NUMBER-OF-SHARES-REDEEMED> 3,325,718
<SHARES-REINVESTED> 127,255
<NET-CHANGE-IN-ASSETS> (63,375,194)
<ACCUMULATED-NII-PRIOR> 591,136
<ACCUMULATED-GAINS-PRIOR> 3,657,580
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,038,908
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,956,146
<AVERAGE-NET-ASSETS> 178,409,143
<PER-SHARE-NAV-BEGIN> 24.680
<PER-SHARE-NII> 0.026
<PER-SHARE-GAIN-APPREC> 0.789
<PER-SHARE-DIVIDEND> (0.080)
<PER-SHARE-DISTRIBUTIONS> (0.305)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 25.110
<EXPENSE-RATIO> 1.920
</TABLE>
