<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT DATED SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH NSAR-B FILING DATED NOVEMBER 30, 2000.
</LEGEND>
<SERIES>
<NUMBER> 01
<NAME> CONCORDE VALUE FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 10,509
<INVESTMENTS-AT-VALUE> 16,362
<RECEIVABLES> 41
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,407
<PAYABLE-FOR-SECURITIES> 112
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 482
<TOTAL-LIABILITIES> 594
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,117
<SHARES-COMMON-STOCK> 881
<SHARES-COMMON-PRIOR> 999
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 740
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,928
<NET-ASSETS> 15,813
<DIVIDEND-INCOME> 185
<INTEREST-INCOME> 82
<OTHER-INCOME> 0
<EXPENSES-NET> 234
<NET-INVESTMENT-INCOME> 33
<REALIZED-GAINS-CURRENT> 740
<APPREC-INCREASE-CURRENT> 2,099
<NET-CHANGE-FROM-OPS> 2,872
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20
<DISTRIBUTIONS-OF-GAINS> 486
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29
<NUMBER-OF-SHARES-REDEEMED> 180
<SHARES-REINVESTED> 33
<NET-CHANGE-IN-ASSETS> (118)
<ACCUMULATED-NII-PRIOR> 17
<ACCUMULATED-GAINS-PRIOR> 495
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 144
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234
<AVERAGE-NET-ASSETS> 16,017
<PER-SHARE-NAV-BEGIN> 15.50
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 2.93
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.49
<RETURNS-OF-CAPITAL> 0.51
<PER-SHARE-NAV-END> 17.95
<EXPENSE-RATIO> 1.46
</TABLE>
