WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810891
<NAME> Liberty Funds Trust 5
<SERIES>
<NUMBER> 4
<NAME> LMTEF
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-2001
<PERIOD-START> FEB-01-2001
<PERIOD-END> JUL-31-2001
<INVESTMENTS-AT-COST> 37959
<INVESTMENTS-AT-VALUE> 39826
<RECEIVABLES>567
<ASSETS-OTHER> 44
<OTHER-ITEMS-ASSETS>0
<TOTAL-ASSETS> 40437
<PAYABLE-FOR-SECURITIES> 593
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES>185
<TOTAL-LIABILITIES> 778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON>39682
<SHARES-COMMON-STOCK> 4453
<SHARES-COMMON-PRIOR>4715
<ACCUMULATED-NII-CURRENT>(977)
<OVERDISTRIBUTION-NII> (117)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1071
<NET-ASSETS>39659
<DIVIDEND-INCOME>0
<INTEREST-INCOME> 1184
<OTHER-INCOME> 0
<EXPENSES-NET> 260
<NET-INVESTMENT-INCOME>925
<REALIZED-GAINS-CURRENT> (298)
<APPREC-INCREASE-CURRENT> 1798
<NET-CHANGE-FROM-OPS> 2425
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (740)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD>199
<NUMBER-OF-SHARES-REDEEMED> (2408)
<SHARES-REINVESTED> 465
<NET-CHANGE-IN-ASSETS> (1224)
<ACCUMULATED-NII-PRIOR>(679)
<ACCUMULATED-GAINS-PRIOR>0
<OVERDISTRIB-NII-PRIOR> (106)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE>259
<AVERAGE-NET-ASSETS>30518
<PER-SHARE-NAV-BEGIN>6.57
<PER-SHARE-NII> .159
<PER-SHARE-GAIN-APPREC> .253
<PER-SHARE-DIVIDEND>0
<PER-SHARE-DISTRIBUTIONS> (.162)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.82
<EXPENSE-RATIO> 1.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>