FIRST AMERICAN INVESTMENT FUNDS INC
NSAR-A, 1998-06-01
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<PAGE>      PAGE  1
000 A000000 03/31/98
000 C000000 0000820892
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 FIRST AMERICAN INVESTMENT FUNDS, INC
001 B000000 811-05309
001 C000000 8006372548
002 A000000 2 OLIVER STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 25
007 C010100  1
007 C020100 INTERMEDIATE GOVERNMENT BOND FUND
007 C030100 N
007 C010200  2
007 C020200 INTERMEDIATE TAX FREE FUND
007 C030200 N
007 C010300  3
007 C020300 FIXED INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 LARGE CAP VALUE FUND
007 C030400 N
007 C010500  5
007 C020500 MID CAP VALUE FUND
007 C030500 N
007 C010600  6
007 C020600 EQUITY INDEX FUND
007 C030600 N
007 C010700  7
007 C020700 REGIONAL EQUITY FUND
007 C030700 N
007 C010800  8
007 C020800 LIMITED TERM INCOME FUND
007 C030800 N
007 C010900  9
007 C020900 INTERMEDIATE TERM INCOME FUND
007 C030900 N
007 C011000 10
007 C011100 11
<PAGE>      PAGE  2
007 C021100 BALANCED FUND
007 C031100 N
007 C011200 12
007 C021200 ASSET ALLOCATION FUND
007 C031200 Y
007 C011300 13
007 C021300 COLORADO INTERMEDIATE TAX FREE FUND
007 C031300 N
007 C011400 14
007 C021400 MINNESOTA INTERMEDIATE TAX FREE FUND
007 C031400 N
007 C011500 15
007 C021500 TECHNOLOGY FUND
007 C031500 N
007 C011600 16
007 C021600 EMERGING GROWTH FUND
007 C031600 N
007 C011700 17
007 C021700 INTERNATIONAL FUND
007 C031700 N
007 C011800 18
007 C011900 19
007 C012000 20
007 C022000 EQUITY INCOME FUND
007 C032000 N
007 C012100 21
007 C022100 DIVERSIFIED GROWTH
007 C032100 N
007 C012200 22
007 C022200 REAL ESTATE SECURITY FUND
007 C032200 N
007 C012300 23
007 C022300 HEALTH SCIENCES
007 C032300 N
007 C012400 24
007 C022400 CALIFORNIA INTERMEDIATE TAX FREE
007 C032400 N
007 C012500 25
007 C022500 OREGON INTERMEDIATE TAX FREE
007 C032500 N
007 C012600 26
007 C022600 MICRO CAP VALUE
007 C032600 N
007 C012700 27
007 C022700 INTERNATIONAL INDEX FUND
007 C032700 N
007 C012800 28
007 C022800 SMALL CAP VALUE
007 C032800 N
007 C012900 29
007 C013000 30
<PAGE>      PAGE  3
010 A00AA01 SEI INVESTMENTS MANAGEMENT CORPORATION
010 C01AA01 WAYNE
010 C02AA01 PA
010 C03AA01 19087
011 A00AA01 SEI INVESTMENTS DISTRIBUTION
011 B00AA01 8-0000
011 C01AA01 WAYNE
011 C02AA01 PA
011 C03AA01 19087
012 A00AA01 DST SYSTEMS
012 B00AA01 84-0000
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
015 A00AA01 U.S. BANK NATIONAL ASSOCIATION
015 B00AA01 C
015 C01AA01 ST PAUL
015 C02AA01 MN
015 C03AA01 55101
015 E03AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   24
019 C00AA00 FIRSTAMERI
020 A000001 GOLDMAN SACHS
020 B000001 13-5108880
020 C000001    506
020 A000002 CS FIRST BOSTON
020 B000002 13-5659485
020 C000002    421
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003    296
020 A000004 DONALDSON LUFKIN & JENRETTE
020 B000004 13-2741729
020 C000004    209
020 A000005 LEHMAN BROTHERS
020 B000005 13-2927667
020 C000005    197
020 A000006 JP MORGAN
020 B000006 13-3224016
020 C000006    190
020 A000007 BEAR STEARNS
020 B000007 13-2975144
020 C000007    146
020 A000008 MONTGOMERY SECURITIES
020 B000008 94-1701676
<PAGE>      PAGE  4
020 C000008    137
020 A000009 BROADCOURT THRU SEI
020 B000009 13-3144415
020 C000009    134
020 A000010 PAINE WEBBER
020 B000010 13-2760086
020 C000010    120
021  000000     3621
022 A000001 CAPITAL INSTITUTIONAL SERVICES
022 B000001 75-1565705
022 C000001    925021
022 D000001    904386
022 A000002 PRUDENTIAL SECURITIES
022 B000002 22-2347336
022 C000002    456796
022 D000002    355919
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003    359006
022 D000003    438453
022 A000004 BEAR STEARNS
022 B000004 13-2975144
022 C000004    115185
022 D000004    100148
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005     81645
022 D000005     57513
022 A000006 G.X. CLARKE
022 B000006 12-2969143
022 C000006     51003
022 D000006     71188
022 A000007 MORGAN STANLEY
022 B000007 13-2655998
022 C000007     78940
022 D000007     15308
022 A000008 BOSTON INSTITUTIONAL
022 B000008 04-2479358
022 C000008     34050
022 D000008     28568
022 A000009 PIPER JAFFRAY
022 B000009 41-0953246
022 C000009     25578
022 D000009     32802
022 A000010 DAIN BOSWORTH
022 B000010 41-1414269
022 C000010     46011
022 D000010      8681
023 C000000    6373680
023 D000000    4604553
026 A000000 N
<PAGE>      PAGE  5
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
077 A000000 N
008 A000101 U.S. BANK NATIONAL ASSOCIATION
008 B000101 A
008 C000101 801-0000
008 D010101 MINNEAPOLIS
008 D020101 MN
008 D030101 55480
024  000100 N
028 A010100      7902
028 A020100        76
028 A030100         0
028 A040100      2237
028 B010100      8885
028 B020100        76
028 B030100         0
028 B040100      2144
028 C010100      8077
028 C020100        78
028 C030100         0
028 C040100      2794
028 D010100      8382
028 D020100        78
028 D030100         0
028 D040100      1660
028 E010100      9392
028 E020100        72
028 E030100         0
028 E040100      3208
028 F010100      8122
028 F020100        77
028 F030100         0
028 F040100      3725
028 G010100     50760
028 G020100       458
028 G030100         0
028 G040100     15768
028 H000100      1963
029  000100 Y
030 A000100      1
030 B000100  3.00
030 C000100  0.00
031 A000100      1
<PAGE>      PAGE  6
031 B000100      0
032  000100      0
033  000100      0
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 Y
040  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      0
044  000100      0
062 A000100 Y
062 B000100   4.5
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.7
062 M000100  78.2
062 N000100  15.5
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  3.7
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
<PAGE>      PAGE  7
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     61063
071 B000100     25978
071 C000100    199482
071 D000100   13
072 A000100  6
072 B000100     6541
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      715
072 G000100      113
072 H000100        0
072 I000100       12
072 J000100       31
072 K000100        0
072 L000100        5
072 M000100        1
072 N000100        5
072 O000100        0
<PAGE>      PAGE  8
072 P000100        0
072 Q000100        0
072 R000100        2
072 S000100        2
072 T000100        5
072 U000100        0
072 V000100        0
072 W000100        7
072 X000100      898
072 Y000100      183
072 Z000100     5826
072AA000100       53
072BB000100        0
072CC010100      866
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100     5844
073 A010100   0.2700
073 A020100   0.2700
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100   217884
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100     1450
074 J000100      524
074 K000100        0
074 L000100        8
074 M000100     3437
074 N000100   223303
074 O000100     1046
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      491
074 S000100   221766
074 T000100        0
074 U010100      446
074 U020100    23354
074 V010100     9.33
074 V020100     9.32
074 W000100   0.0000
074 X000100      222
<PAGE>      PAGE  9
074 Y000100        0
075 A000100        0
075 B000100   204843
076  000100     0.00
008 A000201 U.S. BANK NATIONAL ASSOCIATION
008 B000201 A
008 C000201 801-0000
008 D010201 MINNEAPOLIS
008 D020201 MN
008 D030201 55480
024  000200 N
028 A010200      5392
028 A020200       187
028 A030200         0
028 A040200      7053
028 B010200      4336
028 B020200       179
028 B030200         0
028 B040200      3878
028 C010200      6866
028 C020200       889
028 C030200         0
028 C040200      7388
028 D010200      5985
028 D020200       186
028 D030200         0
028 D040200      3570
028 E010200     22225
028 E020200       186
028 E030200         0
028 E040200      3894
028 F010200      8689
028 F020200       191
028 F030200         0
028 F040200      5075
028 G010200     53494
028 G020200      1818
028 G030200         0
028 G040200     30858
028 H000200      4228
034  000200 N
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 Y
040  000200 Y
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200 100
<PAGE>      PAGE  10
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200      0
044  000200      0
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.9
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   2.5
062 M000200   0.0
062 N000200   0.0
062 O000200  97.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  8.4
064 A000200 N
064 B000200 N
071 A000200    100303
071 B000200     71476
071 C000200    425239
071 D000200   17
072 A000200  6
072 B000200    11183
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200     1545
072 G000200      245
072 H000200        0
072 I000200       13
072 J000200       66
072 K000200        0
072 L000200       11
072 M000200        2
072 N000200        9
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        5
072 S000200        4
<PAGE>      PAGE  11
072 T000200        7
072 U000200        0
072 V000200        0
072 W000200        6
072 X000200     1913
072 Y000200      417
072 Z000200     9687
072AA000200     1958
072BB000200        0
072CC010200      287
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200    12272
073 A010200   0.2400
073 A020200   0.2400
073 B000200   0.0600
073 C000200   0.0600
074 A000200        2
074 B000200        0
074 C000200        0
074 D000200   449300
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200    11274
074 J000200      899
074 K000200        0
074 L000200      212
074 M000200     6933
074 N000200   468620
074 O000200     9348
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      309
074 S000200        0
074 T000200   458963
074 U010200      667
074 U020200    41770
074 V010200    10.83
074 V020200    10.82
074 W000200   0.0000
074 X000200      134
074 Y000200        0
075 A000200        0
075 B000200   442468
076  000200     0.00
<PAGE>      PAGE  12
008 A000301 U.S. BANK NATIONAL ASSOCIATION
008 B000301 A
008 C000301 801-0000
008 D010301 MINNEAPOLIS
008 D020301 MN
008 D030301 55480
024  000300 Y
025 A000301 BEAR STEARNS
025 B000301 13-2975144
025 C000301 D
025 D000301   24103
025 A000302 LEHMAN BROTHERS
025 B000302 13-2927667
025 C000302 D
025 D000302   25137
025 A000303 MERRILL LYNCH
025 B000303 13-5674085
025 C000303 D
025 D000303    6062
025 A000304 JP MORGAN
025 B000304 13-3224016
025 C000304 D
025 D000304   11109
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300     25633
028 A020300      1415
028 A030300         0
028 A040300     12967
028 B010300    332926
028 B020300      1865
028 B030300         0
028 B040300     10736
028 C010300     61197
028 C020300      2724
028 C030300         0
028 C040300     36114
028 D010300     43520
028 D020300      3007
028 D030300         0
028 D040300     20017
028 E010300     61631
028 E020300      3158
028 E030300         0
028 E040300      8673
028 F010300     29262
028 F020300      2973
028 F030300         0
028 F040300     62727
<PAGE>      PAGE  13
028 G010300    554169
028 G020300     15143
028 G030300         0
028 G040300    151234
028 H000300      3796
029  000300 Y
030 A000300      4
030 B000300  3.75
030 C000300  0.00
031 A000300      4
031 B000300      0
032  000300      0
033  000300      0
034  000300 Y
035  000300     29
036 A000300 N
036 B000300      0
037  000300 N
038  000300      0
039  000300 Y
041  000300 Y
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300 100
042 F000300   0
042 G000300   0
042 H000300   0
043  000300     92
044  000300      0
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   1.0
062 M000300  65.4
062 N000300   3.7
062 O000300   0.0
062 P000300  28.5
062 Q000300   0.2
062 R000300   0.0
063 A000300   0
063 B000300 10.3
<PAGE>      PAGE  14
064 A000300 N
064 B000300 N
071 A000300    968293
071 B000300    751891
071 C000300    861222
071 D000300   87
072 A000300  6
072 B000300    31166
072 C000300        0
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072 G000300      564
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072 J000300      153
072 K000300        0
072 L000300       25
072 M000300        5
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072 T000300       92
072 U000300        0
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072 W000300       12
072 X000300     4501
072 Y000300      842
072 Z000300    27507
072AA000300    12254
072BB000300        0
072CC010300      806
072CC020300        0
072DD010300    27171
072DD020300      636
072EE000300    28710
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300       66
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074 D000300  1133523
074 E000300        0
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<PAGE>      PAGE  15
074 I000300    11500
074 J000300      737
074 K000300        0
074 L000300       44
074 M000300    15331
074 N000300  1161201
074 O000300     1003
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      757
074 S000300        0
074 T000300  1159441
074 U010300     1028
074 U020300   101784
074 V010300     0.00
074 V020300     0.00
074 W000300   0.0000
074 X000300     1624
074 Y000300        0
075 A000300        0
075 B000300  1021845
076  000300     0.00
008 A000401 U.S. BANK NATIONAL ASSOCIATION
008 B000401 A
008 C000401 801-0000
008 D010401 MINNEAPOLIS
008 D020401 MN
008 D030401 55480
025 A000401 BEAR STEARNS
025 B000401 13-2975144
025 C000401 E
025 D000401    4450
025 D000402       0
025 D000403       0
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400     30252
028 A020400       554
028 A030400         0
028 A040400     37430
028 B010400    271661
028 B020400    101382
028 B030400         0
028 B040400     14969
028 C010400    209486
<PAGE>      PAGE  16
028 C020400       713
028 C030400         0
028 C040400     76699
028 D010400    163717
028 D020400       246
028 D030400         0
028 D040400    150198
028 E010400     19379
028 E020400      1337
028 E030400         0
028 E040400     28760
028 F010400     23958
028 F020400       326
028 F030400         0
028 F040400     26574
028 G010400    718454
028 G020400    104558
028 G030400         0
028 G040400    334630
028 H000400     23803
031 A000400     34
031 B000400      0
032  000400      0
033  000400      0
034  000400 Y
035  000400     60
036 A000400 N
036 B000400      0
037  000400 N
038  000400      0
039  000400 Y
040  000400 Y
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400   0
042 E000400 100
042 F000400   0
042 G000400   0
042 H000400   0
043  000400    367
044  000400      0
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
<PAGE>      PAGE  17
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400    516865
071 B000400    472972
071 C000400   1193324
071 D000400   40
072 A000400  6
072 B000400     3873
<PAGE>      PAGE  18
072 C000400     9789
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072 J000400      212
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072 R000400       14
072 S000400       14
072 T000400      367
072 U000400        0
072 V000400        0
072 W000400       17
072 X000400     6581
072 Y000400      570
072 Z000400     7651
072AA000400   151929
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<PAGE>      PAGE  19
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008 D020501 MN
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<PAGE>      PAGE  20
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037  000500 N
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039  000500 Y
040  000500 Y
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042 E000500 100
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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008 A000601 U.S. BANK NATIONAL ASSOCIATION
008 B000601 A
008 C000601 801-0000
008 D010601 MINNEAPOLIS
008 D020601 MN
008 D030601 55480
024  000600 Y
025 A000601 LEHMAN BROTHERS
025 B000601 13-2927667
025 C000601 E
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025 A000602 MERRILL LYNCH
025 B000602 13-5674085
025 C000602 E
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<PAGE>      PAGE  23
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037  000600 N
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039  000600 Y
040  000600 Y
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<PAGE>      PAGE  24
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070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 Y
070 F020600 Y
070 G010600 N
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 Y
070 O010600 N
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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008 A000701 U.S. BANK NATIONAL ASSOCIATION
008 B000701 A
008 C000701 801-0000
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008 D020701 MN
008 D030701 55480
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<PAGE>      PAGE  27
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070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 N
070 E020700 N
<PAGE>      PAGE  28
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 Y
070 O010700 N
070 O020700 N
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<PAGE>      PAGE  29
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008 A000801 U.S. BANK NATIONAL ASSOCIATION
008 B000801 A
<PAGE>      PAGE  30
008 C000801 801-0000
008 D010801 MINNEAPOLIS
008 D020801 MN
008 D030801 55480
025 A000801 MERRILL LYNCH
025 B000801 13-5674085
025 C000801 D
025 D000801    4900
025 A000802 BEAR STEARNS
025 B000802 13-2975144
025 C000802 D
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025 A000803 LEHMAN BROTHERS
025 B000803 13-2927667
025 C000803 D
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034  000800 N
<PAGE>      PAGE  31
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064 A000800 N
064 B000800 N
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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008 A000901 U.S. BANK NATIONAL ASSOCIATION
008 B000901 A
008 C000901 801-0000
008 D010901 MINNEAPOLIS
008 D020901 MN
008 D030901 55480
025 A000901 BEAR STEARNS
025 B000901 13-2975144
025 C000901 D
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025 A000902 MERRILL LYNCH
025 B000902 13-5674085
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025 B000903 22-2347336
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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008 A001101 U.S. BANK NATIONAL ASSOCIATION
008 B001101 A
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008 D011101 MINNEAPOLIS
008 D021101 MN
008 D031101 55480
025 A001101 BEAR STEARNS
025 B001101 13-2975144
025 C001101 D
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025 D001102   12988
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
062 O001100   0.0
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066 A001100 Y
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066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 N
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068 B001100 N
069  001100 N
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<PAGE>      PAGE  39
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008 A001201 U.S. BANK NATIONAL ASSOCIATION
008 B001201 A
008 C001201 801-0000
008 D011201 MINNEAPOLIS
008 D021201 MN
008 D031201 55480
024  001200 N
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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008 A001301 U.S. BANK NATIONAL ASSOCIATION
008 B001301 A
008 C001301 801-0000
008 D011301 MINNEAPOLIS
008 D021301 MN
008 D031301 55480
024  001300 N
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<PAGE>      PAGE  42
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033  001300      0
034  001300 N
035  001300      0
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044  001300      0
062 A001300 Y
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<PAGE>      PAGE  43
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064 A001300 N
064 B001300 N
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<PAGE>      PAGE  44
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008 A001401 U.S. BANK NATIONAL ASSOCIATION
008 B001401 A
008 C001401 801-0000
008 D011401 MINNEAPOLIS
008 D021401 MN
008 D031401 55480
024  001400 N
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<PAGE>      PAGE  45
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033  001400      0
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044  001400      0
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<PAGE>      PAGE  46
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062 R001400   0.0
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064 A001400 N
064 B001400 N
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<PAGE>      PAGE  47
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008 A001501 U.S. BANK NATIONAL ASSOCIATION
008 B001501 A
008 C001501 801-0000
008 D011501 MINNEAPOLIS
008 D021501 MN
008 D031501 55480
024  001500 N
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<PAGE>      PAGE  48
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042 F001500   0
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<PAGE>      PAGE  49
062 R001500   0.0
066 A001500 Y
066 B001500 N
066 C001500 N
066 D001500 Y
066 E001500 N
066 F001500 N
066 G001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
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<PAGE>      PAGE  50
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008 A001601 U.S. BANK NATIONAL ASSOCIATION
008 B001601 A
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008 D011601 MINNEAPOLIS
008 D021601 MN
008 D031601 55480
024  001600 N
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<PAGE>      PAGE  51
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044  001600      0
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059  001600 Y
060 A001600 N
060 B001600 N
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<PAGE>      PAGE  52
062 E001600   0.0
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<PAGE>      PAGE  53
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008 A001701 U.S. BANK NATIONAL ASSOCIATION
008 B001701 A
008 C001701 801-0000
008 D011701 MINNEAPOLIS
008 D021701 MN
008 D031701 55480
008 A001702 MARVIN & PALMER ASSOCIATIONS, INC
008 B001702 S
008 C001702 801-27724
008 D011702 WILMINGTON
008 D021702 DE
008 D031702 19801
008 D041702 1119
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<PAGE>      PAGE  54
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031 A001700      0
031 B001700      0
032  001700      0
033  001700      0
034  001700 Y
035  001700      4
036 A001700 N
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042 D001700   0
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045  001700 Y
<PAGE>      PAGE  55
046  001700 N
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048 I011700        0
048 I021700 0.000
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048 J021700 0.000
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062 A001700 N
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062 N001700   0.0
062 O001700   0.0
062 P001700   0.0
062 Q001700   0.0
062 R001700   0.0
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067  001700 N
<PAGE>      PAGE  56
068 A001700 N
068 B001700 Y
069  001700 N
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<PAGE>      PAGE  57
074 H001700        0
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008 A002001 U.S. BANK NATIONAL ASSOCIATION
008 B002001 A
008 C002001 801-0000
008 D012001 MINNEAPOLIS
008 D022001 MN
008 D032001 55480
024  002000 N
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<PAGE>      PAGE  58
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032  002000      0
033  002000      0
034  002000 Y
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036 A002000 N
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042 D002000   0
042 E002000 100
042 F002000   0
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042 H002000   0
043  002000     47
044  002000      0
062 A002000 N
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062 F002000   0.0
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062 H002000   0.0
062 I002000   0.0
062 J002000   0.0
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062 L002000   0.0
062 M002000   0.0
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<PAGE>      PAGE  59
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<PAGE>      PAGE  60
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008 A002101 U.S. BANK NATIONAL ASSOCIATION
008 B002101 A
008 C002101 801-0000
008 D012101 MINNEAPOLIS
008 D022101 MN
008 D032101 55480
024  002100 N
028 A012100     11715
028 A022100        10
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<PAGE>      PAGE  61
028 F022100        92
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031 B002100      0
032  002100      0
033  002100      0
034  002100 Y
035  002100     13
036 A002100 N
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042 A002100   0
042 B002100   0
042 C002100   0
042 D002100   0
042 E002100 100
042 F002100   0
042 G002100   0
042 H002100   0
043  002100     67
044  002100      0
062 A002100 N
062 B002100   0.0
062 C002100   0.0
062 D002100   0.0
062 E002100   0.0
062 F002100   0.0
062 G002100   0.0
062 H002100   0.0
062 I002100   0.0
062 J002100   0.0
062 K002100   0.0
062 L002100   0.0
062 M002100   0.0
062 N002100   0.0
062 O002100   0.0
062 P002100   0.0
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062 R002100   0.0
071 A002100     66743
071 B002100     90240
071 C002100    679821
<PAGE>      PAGE  62
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072 A002100  6
072 B002100     1312
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073 A012100   0.0000
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<PAGE>      PAGE  63
074 N002100   788985
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075 A002100        0
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008 A002201 U.S. BANK NATIONAL ASSOCIATION
008 B002201 A
008 C002201 801-0000
008 D012201 MINNEAPOLIS
008 D022201 MN
008 D032201 55480
024  002200 N
028 A012200      3011
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028 F042200       550
<PAGE>      PAGE  64
028 G012200     29955
028 G022200       801
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028 H002200       599
029  002200 Y
030 A002200      1
030 B002200  4.50
030 C002200  0.00
031 A002200      1
031 B002200      0
032  002200      0
033  002200      0
034  002200 Y
035  002200      8
036 A002200 N
036 B002200      0
042 A002200   0
042 B002200   0
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042 D002200   0
042 E002200 100
042 F002200   0
042 G002200   0
042 H002200   0
043  002200     17
044  002200      0
062 A002200 N
062 B002200   0.0
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062 D002200   0.0
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062 F002200   0.0
062 G002200   0.0
062 H002200   0.0
062 I002200   0.0
062 J002200   0.0
062 K002200   0.0
062 L002200   0.0
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071 A002200     37923
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072 B002200      117
<PAGE>      PAGE  65
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073 A012200   0.0000
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<PAGE>      PAGE  66
074 Q002200        0
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008 A002301 U.S. BANK NATIONAL ASSOCIATION
008 B002301 A
008 C002301 801-0000
008 D012301 MINNEAPOLIS
008 D022301 MN
008 D032301 55480
024  002300 N
028 A012300      2389
028 A022300         1
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<PAGE>      PAGE  67
028 G042300      5714
028 H002300      1639
029  002300 Y
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032  002300      0
033  002300      0
034  002300 N
035  002300      0
036 B002300      0
042 A002300   0
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042 D002300   0
042 E002300 100
042 F002300   0
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042 H002300   0
043  002300      5
044  002300      0
062 A002300 N
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062 H002300   0.0
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062 J002300   0.0
062 K002300   0.0
062 L002300   0.0
062 M002300   0.0
062 N002300   0.0
062 O002300   0.0
062 P002300   0.0
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062 R002300   0.0
070 A012300 Y
070 A022300 N
070 B012300 Y
070 B022300 N
070 C012300 N
070 C022300 N
070 D012300 Y
070 D022300 N
070 E012300 N
070 E022300 N
<PAGE>      PAGE  68
070 F012300 N
070 F022300 N
070 G012300 N
070 G022300 N
070 H012300 N
070 H022300 N
070 I012300 N
070 I022300 N
070 J012300 Y
070 J022300 N
070 K012300 Y
070 K022300 Y
070 L012300 Y
070 L022300 Y
070 M012300 N
070 M022300 N
070 N012300 Y
070 N022300 Y
070 O012300 N
070 O022300 N
070 P012300 N
070 P022300 N
070 Q012300 N
070 Q022300 N
070 R012300 N
070 R022300 N
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<PAGE>      PAGE  69
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008 A002401 U.S. BANK NATIONAL ASSOCIATION
008 B002401 A
<PAGE>      PAGE  70
008 C002401 801-0000
008 D012401 MINNEAPOLIS
008 D022401 MN
008 D032401 55480
024  002400 N
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<PAGE>      PAGE  71
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<PAGE>      PAGE  72
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008 A002501 U.S. BANK NATIONAL ASSOCIATION
008 B002501 A
008 C002501 801-0000
008 D012501 MINNEAPOLIS
008 D022501 MN
008 D032501 55480
024  002500 N
028 A012500      1762
028 A022500        10
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028 A042500      1768
028 B012500       618
<PAGE>      PAGE  73
028 B022500        12
028 B032500         0
028 B042500      1355
028 C012500      1966
028 C022500        17
028 C032500         0
028 C042500      1472
028 D012500       667
028 D022500        12
028 D032500         0
028 D042500       -46
028 E012500      1106
028 E022500        11
028 E032500         0
028 E042500       793
028 F012500       592
028 F022500        11
028 F032500         0
028 F042500       939
028 G012500      6710
028 G022500        73
028 G032500         0
028 G042500      6280
028 H002500         0
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035  002500      0
036 B002500      0
042 A002500   0
042 B002500   0
042 C002500   0
042 D002500   0
042 E002500 100
042 F002500   0
042 G002500   0
042 H002500   0
043  002500      0
044  002500      0
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062 C002500   0.0
062 D002500   0.0
062 E002500   3.2
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062 G002500   0.0
062 H002500   0.0
062 I002500   0.0
062 J002500   0.0
062 K002500   0.0
062 L002500   2.0
062 M002500   0.0
062 N002500   0.0
<PAGE>      PAGE  74
062 O002500  94.0
062 P002500   0.0
062 Q002500   0.0
062 R002500   0.0
063 A002500   0
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071 B002500     29226
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071 D002500   13
072 A002500  6
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072 Q002500        0
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<PAGE>      PAGE  75
074 E002500        0
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074 W002500   0.0000
074 X002500        8
074 Y002500        0
075 A002500        0
075 B002500   181474
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008 A002601 U.S. BANK NATIONAL ASSOCIATION
008 B002601 A
008 C002601 801-0000
008 D012601 MINNEAPOLIS
008 D022601 MN
008 D032601 55480
024  002600 N
028 A012600      1787
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028 A032600         0
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028 B032600         0
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<PAGE>      PAGE  76
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030 B002600  4.50
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032  002600      0
033  002600      0
034  002600 N
035  002600      0
036 B002600      0
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042 B002600   0
042 C002600   0
042 D002600   0
042 E002600 100
042 F002600   0
042 G002600   0
042 H002600   0
043  002600      1
044  002600      0
058 A002600 N
059  002600 Y
060 A002600 N
060 B002600 N
061  002600     1000
062 A002600 N
062 B002600   0.0
062 C002600   0.0
062 D002600   0.0
062 E002600   0.0
062 F002600   0.0
062 G002600   0.0
062 H002600   0.0
062 I002600   0.0
062 J002600   0.0
062 K002600   0.0
<PAGE>      PAGE  77
062 L002600   0.0
062 M002600   0.0
062 N002600   0.0
062 O002600   0.0
062 P002600   0.0
062 Q002600   0.0
062 R002600   0.0
066 A002600 Y
066 B002600 N
066 C002600 Y
066 D002600 N
066 E002600 N
066 F002600 N
066 G002600 N
067  002600 N
068 A002600 N
068 B002600 N
069  002600 N
070 A012600 Y
070 A022600 N
070 B012600 Y
070 B022600 N
070 C012600 N
070 C022600 N
070 D012600 Y
070 D022600 N
070 E012600 N
070 E022600 N
070 F012600 N
070 F022600 N
070 G012600 N
070 G022600 N
070 H012600 N
070 H022600 N
070 I012600 N
070 I022600 N
070 J012600 Y
070 J022600 N
070 K012600 Y
070 K022600 Y
070 L012600 Y
070 L022600 Y
070 M012600 N
070 M022600 N
070 N012600 Y
070 N022600 Y
070 O012600 N
070 O022600 N
070 P012600 N
070 P022600 N
070 Q012600 N
<PAGE>      PAGE  78
070 Q022600 N
070 R012600 N
070 R022600 N
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071 B002600     41750
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072 I002600       19
072 J002600       32
072 K002600        0
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072 M002600        1
072 N002600        3
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072 P002600        0
072 Q002600        0
072 R002600        0
072 S002600        0
072 T002600        1
072 U002600        0
072 V002600        0
072 W002600        0
072 X002600      932
072 Y002600        0
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<PAGE>      PAGE  79
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075 A002600        0
075 B002600   213499
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008 A002701 U.S. BANK NATIONAL ASSOCIATION
008 B002701 A
008 C002701 801-0000
008 D012701 MINNEAPOLIS
008 D022701 MN
008 D032701 55480
024  002700 N
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028 A022700      1090
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028 C032700         0
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<PAGE>      PAGE  80
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028 G042700     55067
028 H002700         0
029  002700 N
030 A002700      0
030 B002700  0.00
030 C002700  0.00
034  002700 Y
035  002700      0
036 A002700 N
036 B002700      0
037  002700 N
038  002700      0
039  002700 N
040  002700 Y
041  002700 Y
042 A002700   0
042 B002700   0
042 C002700   0
042 D002700 100
042 E002700   0
042 F002700   0
042 G002700   0
042 H002700   0
043  002700      1
044  002700      0
045  002700 Y
046  002700 N
047  002700 Y
048  002700  0.700
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048 A022700 0.000
048 B012700        0
048 B022700 0.000
048 C012700        0
048 C022700 0.000
048 D012700        0
048 D022700 0.000
048 E012700        0
048 E022700 0.000
048 F012700        0
048 F022700 0.000
048 G012700        0
<PAGE>      PAGE  81
048 G022700 0.000
048 H012700        0
048 H022700 0.000
048 I012700        0
048 I022700 0.000
048 J012700        0
048 J022700 0.000
048 K012700        0
048 K022700 0.000
055 A002700 N
055 B002700 N
056  002700 Y
057  002700 N
058 A002700 N
059  002700 Y
060 A002700 Y
060 B002700 Y
061  002700     1000
062 A002700 N
062 B002700   0.0
062 C002700   0.0
062 D002700   0.0
062 E002700   0.0
062 F002700   0.0
062 G002700   0.0
062 H002700   0.0
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062 J002700   0.0
062 K002700   0.0
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062 P002700   0.0
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066 A002700 Y
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066 D002700 N
066 E002700 N
066 F002700 N
066 G002700 N
067  002700 N
068 A002700 N
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069  002700 N
070 A012700 Y
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<PAGE>      PAGE  82
070 C012700 Y
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070 O012700 N
070 O022700 N
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<PAGE>      PAGE  83
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<PAGE>      PAGE  84
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008 A002801 U.S. BANK NATIONAL ASSOCIATION
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<PAGE>      PAGE  85
042 A002800   0
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066 A002800 Y
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066 D002800 N
066 E002800 N
066 F002800 N
066 G002800 N
067  002800 N
068 A002800 N
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070 A012800 Y
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070 F022800 N
<PAGE>      PAGE  86
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070 L022800 Y
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<PAGE>      PAGE  87
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SIGNATURE   MIKE BEATTIE                                 
TITLE       CONTROLLER          
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> INTERMEDIATE GOVERNMENT BOND RETAIL CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
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<NET-ASSETS>                                    221766
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<INTEREST-INCOME>                                 6541
<OTHER-INCOME>                                       0
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<NET-CHANGE-FROM-OPS>                             6745
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (112)
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<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                      (151)
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<PER-SHARE-NII>                                    .27
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<PER-SHARE-DIVIDEND>                               .27
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<PER-SHARE-NAV-END>                               9.33
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 012
   <NAME> INTERMEDIATE GOVERNMENT BOND INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
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<INVESTMENTS-AT-VALUE>                          219334
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        213039
<SHARES-COMMON-STOCK>                            23354
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<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (18)
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<NET-ASSETS>                                    221766
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<INTEREST-INCOME>                                 6541
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (715)
<NET-INVESTMENT-INCOME>                           5826
<REALIZED-GAINS-CURRENT>                            53
<APPREC-INCREASE-CURRENT>                          866
<NET-CHANGE-FROM-OPS>                             6745
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (5732)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5223
<NUMBER-OF-SHARES-REDEEMED>                     (1537)
<SHARES-REINVESTED>                                 42
<NET-CHANGE-IN-ASSETS>                           36351
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (223)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              715
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    898
<AVERAGE-NET-ASSETS>                            204843
<PER-SHARE-NAV-BEGIN>                             9.27
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                            .05
<PER-SHARE-DIVIDEND>                             (.27)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.32
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 021
   <NAME> INTERMEDIATE TAX FREE RETAIL CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           446661
<INVESTMENTS-AT-VALUE>                          460574
<RECEIVABLES>                                     8046
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  452620
<PAYABLE-FOR-SECURITIES>                          9348
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          309
<TOTAL-LIABILITIES>                               9657
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          7192
<SHARES-COMMON-STOCK>                              667
<SHARES-COMMON-PRIOR>                              355
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (27)
<ACCUMULATED-NET-GAINS>                           1953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         13913
<NET-ASSETS>                                    458963
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                11183
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1496
<NET-INVESTMENT-INCOME>                           9687
<REALIZED-GAINS-CURRENT>                          1958
<APPREC-INCREASE-CURRENT>                          287
<NET-CHANGE-FROM-OPS>                            11932
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (128)
<DISTRIBUTIONS-OF-GAINS>                          (31)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            388
<NUMBER-OF-SHARES-REDEEMED>                       (84)
<SHARES-REINVESTED>                                  7
<NET-CHANGE-IN-ASSETS>                           24115
<ACCUMULATED-NII-PRIOR>                             11
<ACCUMULATED-GAINS-PRIOR>                         2542
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1545
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1913
<AVERAGE-NET-ASSETS>                            442468
<PER-SHARE-NAV-BEGIN>                            10.84
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                            .05
<PER-SHARE-DIVIDEND>                             (.24)
<PER-SHARE-DISTRIBUTIONS>                        (.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.83
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 022
   <NAME> INTERMEDIATE TAX FREE INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           446661
<INVESTMENTS-AT-VALUE>                          460574
<RECEIVABLES>                                     8046
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  452620
<PAYABLE-FOR-SECURITIES>                          9348
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          309
<TOTAL-LIABILITIES>                               9657
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        435932
<SHARES-COMMON-STOCK>                            41770
<SHARES-COMMON-PRIOR>                            39839
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (27)
<ACCUMULATED-NET-GAINS>                           1953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         13913
<NET-ASSETS>                                    458963
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                11183
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1496
<NET-INVESTMENT-INCOME>                           9687
<REALIZED-GAINS-CURRENT>                          1958
<APPREC-INCREASE-CURRENT>                          287
<NET-CHANGE-FROM-OPS>                            11932
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (9597)
<DISTRIBUTIONS-OF-GAINS>                        (2516)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4529
<NUMBER-OF-SHARES-REDEEMED>                     (2759)
<SHARES-REINVESTED>                                161
<NET-CHANGE-IN-ASSETS>                           24115
<ACCUMULATED-NII-PRIOR>                             11
<ACCUMULATED-GAINS-PRIOR>                         2542
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1545
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1913
<AVERAGE-NET-ASSETS>                            442468
<PER-SHARE-NAV-BEGIN>                            10.82
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                            .06
<PER-SHARE-DIVIDEND>                             (.24)
<PER-SHARE-DISTRIBUTIONS>                        (.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.82
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 031
   <NAME> FIXED INCOME RETAIL CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                          1126653
<INVESTMENTS-AT-VALUE>                         1145023
<RECEIVABLES>                                    16166
<ASSETS-OTHER>                                      12
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1161201
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1760
<TOTAL-LIABILITIES>                               1760
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         11387
<SHARES-COMMON-STOCK>                             1028
<SHARES-COMMON-PRIOR>                              778
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             268
<ACCUMULATED-NET-GAINS>                          11308
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         18368
<NET-ASSETS>                                   1159441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                31166
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (3659)
<NET-INVESTMENT-INCOME>                          27507
<REALIZED-GAINS-CURRENT>                         12254
<APPREC-INCREASE-CURRENT>                          808
<NET-CHANGE-FROM-OPS>                            40567
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          276
<DISTRIBUTIONS-OF-GAINS>                            11
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            388
<NUMBER-OF-SHARES-REDEEMED>                      (157)
<SHARES-REINVESTED>                                 19
<NET-CHANGE-IN-ASSETS>                          429934
<ACCUMULATED-NII-PRIOR>                             12
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                          16
<GROSS-ADVISORY-FEES>                             3567
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4501
<AVERAGE-NET-ASSETS>                           1021845
<PER-SHARE-NAV-BEGIN>                            10.97
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                            .16
<PER-SHARE-DIVIDEND>                             (.29)
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.12
<EXPENSE-RATIO>                                    .95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 032
   <NAME> FIXED INCOME INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                          1126653
<INVESTMENTS-AT-VALUE>                         1145023
<RECEIVABLES>                                    16166
<ASSETS-OTHER>                                      12
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1161201
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1760
<TOTAL-LIABILITIES>                               1760
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1102813
<SHARES-COMMON-STOCK>                           101783
<SHARES-COMMON-PRIOR>                            64393
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             268
<ACCUMULATED-NET-GAINS>                          11308
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         18368
<NET-ASSETS>                                   1159441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                31166
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (3659)
<NET-INVESTMENT-INCOME>                          27507
<REALIZED-GAINS-CURRENT>                         12254
<APPREC-INCREASE-CURRENT>                          808
<NET-CHANGE-FROM-OPS>                            40567
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        27171
<DISTRIBUTIONS-OF-GAINS>                           873
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          49357
<NUMBER-OF-SHARES-REDEEMED>                    (13281)
<SHARES-REINVESTED>                               1313
<NET-CHANGE-IN-ASSETS>                          429934
<ACCUMULATED-NII-PRIOR>                             12
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                          16
<GROSS-ADVISORY-FEES>                             3567
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4501
<AVERAGE-NET-ASSETS>                           1021845
<PER-SHARE-NAV-BEGIN>                            10.96
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                            .17
<PER-SHARE-DIVIDEND>                             (.31)
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.12
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 033
   <NAME> FIXED INCOME RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                          1126653
<INVESTMENTS-AT-VALUE>                         1145023
<RECEIVABLES>                                    16166
<ASSETS-OTHER>                                      12
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1161201
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1760
<TOTAL-LIABILITIES>                               1760
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         15833
<SHARES-COMMON-STOCK>                             1452
<SHARES-COMMON-PRIOR>                             1398
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             268
<ACCUMULATED-NET-GAINS>                          11308
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         18368
<NET-ASSETS>                                   1154441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                31166
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (3659)
<NET-INVESTMENT-INCOME>                          27507
<REALIZED-GAINS-CURRENT>                         12254
<APPREC-INCREASE-CURRENT>                          808
<NET-CHANGE-FROM-OPS>                            40567
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          360
<DISTRIBUTIONS-OF-GAINS>                            19
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            120
<NUMBER-OF-SHARES-REDEEMED>                       (95)
<SHARES-REINVESTED>                                 29
<NET-CHANGE-IN-ASSETS>                          429934
<ACCUMULATED-NII-PRIOR>                             12
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                          16
<GROSS-ADVISORY-FEES>                             3567
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4501
<AVERAGE-NET-ASSETS>                           1021845
<PER-SHARE-NAV-BEGIN>                            10.91
<PER-SHARE-NII>                                    .25
<PER-SHARE-GAIN-APPREC>                            .17
<PER-SHARE-DIVIDEND>                             (.25)
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.07
<EXPENSE-RATIO>                                   1.70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 041
   <NAME> LARGE CAP VALUE RETAIL CLASS I
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                          1281529
<INVESTMENTS-AT-VALUE>                         1668431
<RECEIVABLES>                                     3468
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                48
<TOTAL-ASSETS>                                 1671947
<PAYABLE-FOR-SECURITIES>                           843
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4086
<TOTAL-LIABILITIES>                               4929
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         64045
<SHARES-COMMON-STOCK>                             2910
<SHARES-COMMON-PRIOR>                             1753
<ACCUMULATED-NII-CURRENT>                          338
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         151700
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        386902
<NET-ASSETS>                                   1667018
<DIVIDEND-INCOME>                                 9789
<INTEREST-INCOME>                                 3873
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (6011)
<NET-INVESTMENT-INCOME>                           7651
<REALIZED-GAINS-CURRENT>                        151929
<APPREC-INCREASE-CURRENT>                      (24350)
<NET-CHANGE-FROM-OPS>                           135230
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (313)
<DISTRIBUTIONS-OF-GAINS>                        (7051)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1319
<NUMBER-OF-SHARES-REDEEMED>                      (442)
<SHARES-REINVESTED>                                280
<NET-CHANGE-IN-ASSETS>                          467956
<ACCUMULATED-NII-PRIOR>                            245
<ACCUMULATED-GAINS-PRIOR>                       157075
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             4939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6581
<AVERAGE-NET-ASSETS>                           1414831
<PER-SHARE-NAV-BEGIN>                            28.74
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                           1.83
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                       (3.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.81
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 042
   <NAME> LARGE CAP VALUE INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                          1281529
<INVESTMENTS-AT-VALUE>                         1668431
<RECEIVABLES>                                     3468
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                48
<TOTAL-ASSETS>                                 1671947
<PAYABLE-FOR-SECURITIES>                           843
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4086
<TOTAL-LIABILITIES>                               4929
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1007298
<SHARES-COMMON-STOCK>                            56690
<SHARES-COMMON-PRIOR>                            38093
<ACCUMULATED-NII-CURRENT>                          338
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         151700
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        386902
<NET-ASSETS>                                   1667018
<DIVIDEND-INCOME>                                 9789
<INTEREST-INCOME>                                 3873
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (6011)
<NET-INVESTMENT-INCOME>                           7651
<REALIZED-GAINS-CURRENT>                        151929
<APPREC-INCREASE-CURRENT>                      (24350)
<NET-CHANGE-FROM-OPS>                           135230
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (7125)
<DISTRIBUTIONS-OF-GAINS>                      (142761)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          27886
<NUMBER-OF-SHARES-REDEEMED>                    (13079)
<SHARES-REINVESTED>                               3790
<NET-CHANGE-IN-ASSETS>                          467956
<ACCUMULATED-NII-PRIOR>                            245
<ACCUMULATED-GAINS-PRIOR>                       157075
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             4939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6581
<AVERAGE-NET-ASSETS>                           1414831
<PER-SHARE-NAV-BEGIN>                            28.75
<PER-SHARE-NII>                                    .14
<PER-SHARE-GAIN-APPREC>                           1.86
<PER-SHARE-DIVIDEND>                             (.14)
<PER-SHARE-DISTRIBUTIONS>                       (3.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.85
<EXPENSE-RATIO>                                    .80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 043
   <NAME> LARGE CAP VALUE CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                          1281529
<INVESTMENTS-AT-VALUE>                         1668431
<RECEIVABLES>                                     3468
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                48
<TOTAL-ASSETS>                                 1671947
<PAYABLE-FOR-SECURITIES>                           843
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4086
<TOTAL-LIABILITIES>                               4929
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56735
<SHARES-COMMON-STOCK>                             2521
<SHARES-COMMON-PRIOR>                             1871
<ACCUMULATED-NII-CURRENT>                          338
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         151700
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        386902
<NET-ASSETS>                                   1667018
<DIVIDEND-INCOME>                                 9789
<INTEREST-INCOME>                                 3873
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (6011)
<NET-INVESTMENT-INCOME>                           7651
<REALIZED-GAINS-CURRENT>                        151929
<APPREC-INCREASE-CURRENT>                      (24350)
<NET-CHANGE-FROM-OPS>                           135230
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (109)
<DISTRIBUTIONS-OF-GAINS>                        (7436)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            430
<NUMBER-OF-SHARES-REDEEMED>                       (90)
<SHARES-REINVESTED>                                310
<NET-CHANGE-IN-ASSETS>                          467956
<ACCUMULATED-NII-PRIOR>                            245
<ACCUMULATED-GAINS-PRIOR>                       157075
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             4939
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6581
<AVERAGE-NET-ASSETS>                           1414831
<PER-SHARE-NAV-BEGIN>                            28.55
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                           1.81
<PER-SHARE-DIVIDEND>                             (.04)
<PER-SHARE-DISTRIBUTIONS>                       (3.76)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.60
<EXPENSE-RATIO>                                   1.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 051
   <NAME> MID CAP VALUE RETAIL CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           620101
<INVESTMENTS-AT-VALUE>                          724109
<RECEIVABLES>                                    13247
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                  737368
<PAYABLE-FOR-SECURITIES>                          7073
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1875
<TOTAL-LIABILITIES>                               8948
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         37475
<SHARES-COMMON-STOCK>                             1997
<SHARES-COMMON-PRIOR>                             1445
<ACCUMULATED-NII-CURRENT>                          336
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          56586
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        104008
<NET-ASSETS>                                    728420
<DIVIDEND-INCOME>                                 3822
<INTEREST-INCOME>                                  760
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (3044)
<NET-INVESTMENT-INCOME>                           1538
<REALIZED-GAINS-CURRENT>                         71906
<APPREC-INCREASE-CURRENT>                        10312
<NET-CHANGE-FROM-OPS>                            63132
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (61)
<DISTRIBUTIONS-OF-GAINS>                        (4144)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1507
<NUMBER-OF-SHARES-REDEEMED>                     (1169)
<SHARES-REINVESTED>                                204
<NET-CHANGE-IN-ASSETS>                             542
<ACCUMULATED-NII-PRIOR>                         147256
<ACCUMULATED-GAINS-PRIOR>                        57031
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2191
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3044
<AVERAGE-NET-ASSETS>                            627644
<PER-SHARE-NAV-BEGIN>                            24.19
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                           1.67
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.12
<EXPENSE-RATIO>                                   1.14
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 052
   <NAME> MID CAP VALUE INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           620101
<INVESTMENTS-AT-VALUE>                          724109
<RECEIVABLES>                                    13247
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                  737368
<PAYABLE-FOR-SECURITIES>                          7073
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1875
<TOTAL-LIABILITIES>                               8948
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        488779
<SHARES-COMMON-STOCK>                            27424
<SHARES-COMMON-PRIOR>                            21037
<ACCUMULATED-NII-CURRENT>                          336
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          56586
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        104008
<NET-ASSETS>                                    728420
<DIVIDEND-INCOME>                                 3822
<INTEREST-INCOME>                                  760
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (3044)
<NET-INVESTMENT-INCOME>                           1538
<REALIZED-GAINS-CURRENT>                         71906
<APPREC-INCREASE-CURRENT>                      (10312)
<NET-CHANGE-FROM-OPS>                            63132
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1283)
<DISTRIBUTIONS-OF-GAINS>                       (63590)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           7321
<NUMBER-OF-SHARES-REDEEMED>                     (3225)
<SHARES-REINVESTED>                               2292
<NET-CHANGE-IN-ASSETS>                          147256
<ACCUMULATED-NII-PRIOR>                            150
<ACCUMULATED-GAINS-PRIOR>                        57031
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2191
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3044
<AVERAGE-NET-ASSETS>                            627644
<PER-SHARE-NAV-BEGIN>                            24.21
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                           1.68
<PER-SHARE-DIVIDEND>                             (.04)
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.15
<EXPENSE-RATIO>                                    .89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 053
   <NAME> MID CAP VALUE RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           620101
<INVESTMENTS-AT-VALUE>                          724109
<RECEIVABLES>                                    13247
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                  737368
<PAYABLE-FOR-SECURITIES>                          7073
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1875
<TOTAL-LIABILITIES>                               8948
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         41236
<SHARES-COMMON-STOCK>                             2083
<SHARES-COMMON-PRIOR>                             1530
<ACCUMULATED-NII-CURRENT>                          336
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          56586
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        104008
<NET-ASSETS>                                    728420
<DIVIDEND-INCOME>                                 3822
<INTEREST-INCOME>                                  760
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (3044)
<NET-INVESTMENT-INCOME>                           1538
<REALIZED-GAINS-CURRENT>                         71906
<APPREC-INCREASE-CURRENT>                      (10312)
<NET-CHANGE-FROM-OPS>                            63132
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (8)
<DISTRIBUTIONS-OF-GAINS>                        (4617)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            404
<NUMBER-OF-SHARES-REDEEMED>                       (84)
<SHARES-REINVESTED>                                233
<NET-CHANGE-IN-ASSETS>                          147256
<ACCUMULATED-NII-PRIOR>                            150
<ACCUMULATED-GAINS-PRIOR>                        57031
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2191
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3044
<AVERAGE-NET-ASSETS>                            627644
<PER-SHARE-NAV-BEGIN>                            23.96
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           1.58
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (2.74)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.80
<EXPENSE-RATIO>                                   1.89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 061
   <NAME> EQUITY INDEX RETAIL CLASS I
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           678263
<INVESTMENTS-AT-VALUE>                         1092910
<RECEIVABLES>                                     5134
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                25
<TOTAL-ASSETS>                                 1098069
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1310
<TOTAL-LIABILITIES>                               1310
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         29554
<SHARES-COMMON-STOCK>                             1661
<SHARES-COMMON-PRIOR>                              770
<ACCUMULATED-NII-CURRENT>                          208
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22708
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        414688
<NET-ASSETS>                                   1096759
<DIVIDEND-INCOME>                                 6393
<INTEREST-INCOME>                                 1207
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1670
<NET-INVESTMENT-INCOME>                           5930
<REALIZED-GAINS-CURRENT>                         47480
<APPREC-INCREASE-CURRENT>                        96521
<NET-CHANGE-FROM-OPS>                           149931
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (163)
<DISTRIBUTIONS-OF-GAINS>                        (1395)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1686
<NUMBER-OF-SHARES-REDEEMED>                      (867)
<SHARES-REINVESTED>                                 72
<NET-CHANGE-IN-ASSETS>                          499791
<ACCUMULATED-NII-PRIOR>                            185
<ACCUMULATED-GAINS-PRIOR>                        18246
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2986
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3899
<AVERAGE-NET-ASSETS>                            855555
<PER-SHARE-NAV-BEGIN>                            20.76
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                           3.08
<PER-SHARE-DIVIDEND>                             (.12)
<PER-SHARE-DISTRIBUTIONS>                       (1.54)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.30
<EXPENSE-RATIO>                                    .60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 062
   <NAME> EQUITY INDEX INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           678263 
<INVESTMENTS-AT-VALUE>                         1092910
<RECEIVABLES>                                     5134
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                25
<TOTAL-ASSETS>                                 1098069
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1310
<TOTAL-LIABILITIES>                               1310
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        600569
<SHARES-COMMON-STOCK>                            45917
<SHARES-COMMON-PRIOR>                            26864
<ACCUMULATED-NII-CURRENT>                          208
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22708
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        414688
<NET-ASSETS>                                   1096759
<DIVIDEND-INCOME>                                 6393
<INTEREST-INCOME>                                 1207
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1670
<NET-INVESTMENT-INCOME>                           5930
<REALIZED-GAINS-CURRENT>                         47480
<APPREC-INCREASE-CURRENT>                        96521
<NET-CHANGE-FROM-OPS>                           149931
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (5651)
<DISTRIBUTIONS-OF-GAINS>                       (39689)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          25533
<NUMBER-OF-SHARES-REDEEMED>                     (8582)
<SHARES-REINVESTED>                               2102
<NET-CHANGE-IN-ASSETS>                          499791
<ACCUMULATED-NII-PRIOR>                            185
<ACCUMULATED-GAINS-PRIOR>                        18246
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2986
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3899
<AVERAGE-NET-ASSETS>                            855555
<PER-SHARE-NAV-BEGIN>                            20.74
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                           3.08
<PER-SHARE-DIVIDEND>                             (.15)
<PER-SHARE-DISTRIBUTIONS>                       (1.54)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.28
<EXPENSE-RATIO>                                    .35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 063
   <NAME> EQUITY INDEX RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           678263
<INVESTMENTS-AT-VALUE>                         1092910
<RECEIVABLES>                                     5134
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                25
<TOTAL-ASSETS>                                 1098069
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1310
<TOTAL-LIABILITIES>                               1310
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         29032
<SHARES-COMMON-STOCK>                             1650
<SHARES-COMMON-PRIOR>                             1148
<ACCUMULATED-NII-CURRENT>                          208
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22708
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        414688
<NET-ASSETS>                                   1096759
<DIVIDEND-INCOME>                                 6393
<INTEREST-INCOME>                                 1207
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1670
<NET-INVESTMENT-INCOME>                           5930
<REALIZED-GAINS-CURRENT>                         47480
<APPREC-INCREASE-CURRENT>                        96521
<NET-CHANGE-FROM-OPS>                           149931
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (78)
<DISTRIBUTIONS-OF-GAINS>                        (1890)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            469
<NUMBER-OF-SHARES-REDEEMED>                       (68)
<SHARES-REINVESTED>                                101
<NET-CHANGE-IN-ASSETS>                          499791
<ACCUMULATED-NII-PRIOR>                            185
<ACCUMULATED-GAINS-PRIOR>                        18046
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2986
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3898
<AVERAGE-NET-ASSETS>                            855555
<PER-SHARE-NAV-BEGIN>                            20.67
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                           3.05
<PER-SHARE-DIVIDEND>                             (.05)
<PER-SHARE-DISTRIBUTIONS>                       (1.54)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.18
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 071
   <NAME> REGIONAL EQUITY FUND - RETAIL A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           282572
<INVESTMENTS-AT-VALUE>                          428045
<RECEIVABLES>                                      637
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                  428694
<PAYABLE-FOR-SECURITIES>                          1071
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1577
<TOTAL-LIABILITIES>                               2648
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         23278
<SHARES-COMMON-STOCK>                             1592
<SHARES-COMMON-PRIOR>                             1629
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             101
<ACCUMULATED-NET-GAINS>                          17131
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        145473
<NET-ASSETS>                                    426046
<DIVIDEND-INCOME>                                 1115
<INTEREST-INCOME>                                  963
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2052
<NET-INVESTMENT-INCOME>                             26
<REALIZED-GAINS-CURRENT>                         17848
<APPREC-INCREASE-CURRENT>                          137
<NET-CHANGE-FROM-OPS>                            18011
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        (1389)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            423
<NUMBER-OF-SHARES-REDEEMED>                      (524)
<SHARES-REINVESTED>                                 64
<NET-CHANGE-IN-ASSETS>                          (2321)
<ACCUMULATED-NII-PRIOR>                          15237
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1399
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2065
<AVERAGE-NET-ASSETS>                            400865
<PER-SHARE-NAV-BEGIN>                            23.12
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                            .95
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.95)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.12
<EXPENSE-RATIO>                                   1.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 072
   <NAME> REGIONAL EQUITY - CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           282572
<INVESTMENTS-AT-VALUE>                          428045
<RECEIVABLES>                                      637
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                  428694
<PAYABLE-FOR-SECURITIES>                          1071
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1577
<TOTAL-LIABILITIES>                               2648
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<NUMBER-OF-SHARES-REDEEMED>                     (3686)
<SHARES-REINVESTED>                                477
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<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                            .98
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<PER-SHARE-DISTRIBUTIONS>                        (.95)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.19
<EXPENSE-RATIO>                                    .90
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 073
   <NAME> REGIONAL EQUITY - RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               MAR-31-1998
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<REALIZED-GAINS-CURRENT>                         17848
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<NET-CHANGE-FROM-OPS>                            18011
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<DISTRIBUTIONS-OF-GAINS>                        (1723)
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<NUMBER-OF-SHARES-REDEEMED>                       (63)
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<NET-CHANGE-IN-ASSETS>                          (2321)
<ACCUMULATED-NII-PRIOR>                              0
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<EXPENSE-RATIO>                                   1.90
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 081
   <NAME> LIMITED TERM RETAIL CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
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<INVESTMENTS-AT-COST>                           193739
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<DISTRIBUTIONS-OF-INCOME>                        (137)
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<NUMBER-OF-SHARES-REDEEMED>                      (702)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 082
   <NAME> LIMITED TERM INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<NUMBER-OF-SHARES-REDEEMED>                     (3727)
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<NET-CHANGE-IN-ASSETS>                            3380
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<EXPENSE-RATIO>                                    .60
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 091
   <NAME> INTERMEDIATE TERM INCOME RETAIL CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
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<EXPENSE-RATIO>                                    .90
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 092
   <NAME> INTERMEDIATE TERM INCOME INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
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<EXPENSE-RATIO>                                    .70
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 111
   <NAME> BALANCED FUND RETAIL CLASS I
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
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<EXPENSE-RATIO>                                   1.05
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 112
   <NAME> BALANCED FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 113
   <NAME> BALANCED FUND RETAIL B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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   <NAME> COLORADO INTERMEDIATE TAX FREE CLASS A
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</TABLE>

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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<NUMBER-OF-SHARES-SOLD>                           3365
<NUMBER-OF-SHARES-REDEEMED>                     (3037)
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<NET-CHANGE-IN-ASSETS>                          (5196)
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<EXPENSE-RATIO>                                   1.15
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 152
   <NAME> TECHNOLOGY FUND INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
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<PERIOD-END>                               MAR-31-1998
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<EXPENSE-RATIO>                                    .90
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 153
   <NAME> TECHNOLOGY FUND RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 161
   <NAME> SMALL CAP GROWTH RETAIL A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 162
   <NAME> SMALL CAP GROWTH INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 163
   <NAME> SMALL CAP GROWTH RETAIL B CLASS
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUND
<SERIES>
   <NUMBER> 171
   <NAME> INTERNATIONAL FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUND
<SERIES>
   <NUMBER> 172
   <NAME> INTERNATIONAL FUND RETAIL CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUND
<SERIES>
   <NUMBER> 173
   <NAME> INTERNATIONAL FUND RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               MAR-31-1998
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<ACCUM-APPREC-OR-DEPREC>                         74901
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<DIVIDEND-INCOME>                                 1222
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<NET-INVESTMENT-INCOME>                          (481)
<REALIZED-GAINS-CURRENT>                           463
<APPREC-INCREASE-CURRENT>                        27189
<NET-CHANGE-FROM-OPS>                            34021
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (74)
<DISTRIBUTIONS-OF-GAINS>                          (44)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             29
<NUMBER-OF-SHARES-REDEEMED>                       (11)
<SHARES-REINVESTED>                                 10
<NET-CHANGE-IN-ASSETS>                          122480
<ACCUMULATED-NII-PRIOR>                           9906
<ACCUMULATED-GAINS-PRIOR>                          618
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             1637
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<GROSS-EXPENSE>                                   2101
<AVERAGE-NET-ASSETS>                              2238
<PER-SHARE-NAV-BEGIN>                            12.97
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                           1.04
<PER-SHARE-DIVIDEND>                             (.41)
<PER-SHARE-DISTRIBUTIONS>                        (.25)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.31
<EXPENSE-RATIO>                                   2.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 201
   <NAME> EQUITY INCOME RETAIL CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           256638
<INVESTMENTS-AT-VALUE>                          416419
<RECEIVABLES>                                     8715
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                                  425107
<PAYABLE-FOR-SECURITIES>                          5500
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<ACCUM-APPREC-OR-DEPREC>                        159781
<NET-ASSETS>                                    418953
<DIVIDEND-INCOME>                                 5174
<INTEREST-INCOME>                                 1909
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<NET-INVESTMENT-INCOME>                           5573
<REALIZED-GAINS-CURRENT>                         12872
<APPREC-INCREASE-CURRENT>                        36835
<NET-CHANGE-FROM-OPS>                            55280
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (122)
<DISTRIBUTIONS-OF-GAINS>                         (524)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            895
<NUMBER-OF-SHARES-REDEEMED>                      (804)
<SHARES-REINVESTED>                                 29
<NET-CHANGE-IN-ASSETS>                           35139
<ACCUMULATED-NII-PRIOR>                            311
<ACCUMULATED-GAINS-PRIOR>                        20985
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<AVERAGE-NET-ASSETS>                            391027
<PER-SHARE-NAV-BEGIN>                            15.69
<PER-SHARE-NII>                                    .21
<PER-SHARE-GAIN-APPREC>                           1.96
<PER-SHARE-DIVIDEND>                             (.21)
<PER-SHARE-DISTRIBUTIONS>                        (.85)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.80
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 202
   <NAME> EQUITY INCOME INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           256638
<INVESTMENTS-AT-VALUE>                          416419
<RECEIVABLES>                                     8715
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<PAYABLE-FOR-SECURITIES>                          5500
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<OTHER-ITEMS-LIABILITIES>                          687
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<SHARES-COMMON-STOCK>                            23802
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<DIVIDEND-INCOME>                                 5174
<INTEREST-INCOME>                                 1909
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<NET-INVESTMENT-INCOME>                           5573
<REALIZED-GAINS-CURRENT>                         12872
<APPREC-INCREASE-CURRENT>                        36835
<NET-CHANGE-FROM-OPS>                            55280
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<DISTRIBUTIONS-OF-INCOME>                       (5428)
<DISTRIBUTIONS-OF-GAINS>                       (20162)
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<NUMBER-OF-SHARES-SOLD>                           1649
<NUMBER-OF-SHARES-REDEEMED>                     (1606)
<SHARES-REINVESTED>                                197
<NET-CHANGE-IN-ASSETS>                           35139
<ACCUMULATED-NII-PRIOR>                            311
<ACCUMULATED-GAINS-PRIOR>                        20985
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<PER-SHARE-NAV-BEGIN>                            15.70
<PER-SHARE-NII>                                    .23
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<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 203
   <NAME> EQUITY INCOME RETAIL CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           256638
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<ACCUM-APPREC-OR-DEPREC>                        159781
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<INTEREST-INCOME>                                 1909
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<NET-INVESTMENT-INCOME>                           5573
<REALIZED-GAINS-CURRENT>                         12872
<APPREC-INCREASE-CURRENT>                        36835
<NET-CHANGE-FROM-OPS>                            55280
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<DISTRIBUTIONS-OF-INCOME>                         (70)
<DISTRIBUTIONS-OF-GAINS>                         (372)
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<NUMBER-OF-SHARES-REDEEMED>                       (33)
<SHARES-REINVESTED>                                 28
<NET-CHANGE-IN-ASSETS>                           35139
<ACCUMULATED-NII-PRIOR>                            311
<ACCUMULATED-GAINS-PRIOR>                        20985
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1742
<AVERAGE-NET-ASSETS>                            391027
<PER-SHARE-NAV-BEGIN>                            15.62
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                           1.98
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<PER-SHARE-NAV-END>                              16.75
<EXPENSE-RATIO>                                   1.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 211
   <NAME> LARGE CAP GROWTH RETAIL CLASS 1
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           447357
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<NET-INVESTMENT-INCOME>                           3011
<REALIZED-GAINS-CURRENT>                         31682
<APPREC-INCREASE-CURRENT>                        54178
<NET-CHANGE-FROM-OPS>                            88871
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<NUMBER-OF-SHARES-SOLD>                            600
<NUMBER-OF-SHARES-REDEEMED>                      (259)
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<NET-CHANGE-IN-ASSETS>                           77846
<ACCUMULATED-NII-PRIOR>                            109
<ACCUMULATED-GAINS-PRIOR>                        54177
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<PER-SHARE-NII>                                    .05
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<PER-SHARE-DISTRIBUTIONS>                       (1.36)
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<PER-SHARE-NAV-END>                              18.20
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 212
   <NAME> LARGE CAP GROWTH INSTITUTIONAL CLASS Y
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
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<NET-INVESTMENT-INCOME>                           3011
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<APPREC-INCREASE-CURRENT>                        54178
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<DISTRIBUTIONS-OF-INCOME>                       (2906)
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<NUMBER-OF-SHARES-SOLD>                           5623
<NUMBER-OF-SHARES-REDEEMED>                     (3841)
<SHARES-REINVESTED>                                711
<NET-CHANGE-IN-ASSETS>                           77846
<ACCUMULATED-NII-PRIOR>                            109
<ACCUMULATED-GAINS-PRIOR>                        54177
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<PER-SHARE-NAV-BEGIN>                            17.64
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<PER-SHARE-DISTRIBUTIONS>                       (1.36)
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<PER-SHARE-NAV-END>                              18.24
<EXPENSE-RATIO>                                    .80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 213
   <NAME> LARGE CAP GROWTH RETAIL B CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                           447357
<INVESTMENTS-AT-VALUE>                          787587
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<NET-CHANGE-FROM-OPS>                            88871
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<NUMBER-OF-SHARES-REDEEMED>                       (30)
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<ACCUMULATED-NII-PRIOR>                            109
<ACCUMULATED-GAINS-PRIOR>                        54177
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<PER-SHARE-NII>                                    .02
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<PER-SHARE-DISTRIBUTIONS>                       (1.36)
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<EXPENSE-RATIO>                                   1.80
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 221
   <NAME> REAL ESTATE RETAIL A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                            63627
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<EXPENSE-RATIO>                                   1.05
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
<SERIES>
   <NUMBER> 222
   <NAME> REAL ESTATE INSTITUTIONAL CLASS Y
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<S>                             <C>
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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

<TABLE> <S> <C>

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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

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<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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   <NUMBER> 262
   <NAME> MICRO CAP INSTITUTIONAL CLASS Y
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</TABLE>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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   <NUMBER> 263
   <NAME> MICRO CAP VALUE RETAIL B CLASS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUND
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   <NUMBER> 270
   <NAME> INTERNATIONAL INDEX FUND INSTITUTIONAL CLASS
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUND
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   <NUMBER> 271
   <NAME> INTERNATIONAL INDEX FUND RETAIL CLASS A
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUND
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   <NUMBER> 272
   <NAME> INTERNATIONAL INDEX FUND RETAIL CLASS B
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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   <NUMBER> 281
   <NAME> SMALL CAP VALUE FUND - CLASS A
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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   <NUMBER> 282
   <NAME> SMALL CAP VALUE FUND CLASS Y
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000820892
<NAME> FIRST AMERICAN INVESTMENT FUNDS
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   <NUMBER> 283
   <NAME> SMALL CAP VALUE - CLASS B
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