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SIGNATURE WILLIAM L. NOTARO
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> MERRIMAN FLEXIBLE BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 8,610,993
<INVESTMENTS-AT-VALUE> 8,756,563
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<TOTAL-LIABILITIES> 142,201
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,574,181
<SHARES-COMMON-STOCK> 851,780
<SHARES-COMMON-PRIOR> 840,288
<ACCUMULATED-NII-CURRENT> 30,120
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (82,676)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 145,570
<NET-ASSETS> 8,667,195
<DIVIDEND-INCOME> 353,481
<INTEREST-INCOME> 8,387
<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 297,400
<REALIZED-GAINS-CURRENT> 48,094
<APPREC-INCREASE-CURRENT> (93,237)
<NET-CHANGE-FROM-OPS> 252,257
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 298,231
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 94,427
<NUMBER-OF-SHARES-REDEEMED> 98,536
<SHARES-REINVESTED> 15,601
<NET-CHANGE-IN-ASSETS> 75,124
<ACCUMULATED-NII-PRIOR> 30,951
<ACCUMULATED-GAINS-PRIOR> (130,770)
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<PER-SHARE-NAV-BEGIN> 10.23
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> MERRIMAN GROWTH & INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 8,593,201
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<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 835,222
<SHARES-COMMON-PRIOR> 825,525
<ACCUMULATED-NII-CURRENT> 20,671
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 370,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 655,986
<NET-ASSETS> 9,250,248
<DIVIDEND-INCOME> 267,659
<INTEREST-INCOME> 8,711
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<EXPENSES-NET> 81,927
<NET-INVESTMENT-INCOME> 194,443
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> MERRIMAN CAPITAL APPRECIATION FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
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<ACCUMULATED-NII-CURRENT> (20,283)
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<ACCUMULATED-NII-PRIOR> 61,578
<ACCUMULATED-GAINS-PRIOR> 828,226
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<GROSS-EXPENSE> 179,805
<AVERAGE-NET-ASSETS> 19,872,000
<PER-SHARE-NAV-BEGIN> 11.69
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> 0.23
<PER-SHARE-DISTRIBUTIONS> 1.09
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<PER-SHARE-NAV-END> 10.48
<EXPENSE-RATIO> 1.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> MERRIMAN ASSET ALLOCATION FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 18,795,362
<INVESTMENTS-AT-VALUE> 19,849,217
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<OTHER-ITEMS-LIABILITIES> 36,680
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<SHARES-COMMON-PRIOR> 2,018,881
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<ACCUMULATED-NET-GAINS> 913,704
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<NUMBER-OF-SHARES-SOLD> 86,968
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<GROSS-EXPENSE> 189,987
<AVERAGE-NET-ASSETS> 21,036,000
<PER-SHARE-NAV-BEGIN> 11.21
<PER-SHARE-NII> 0.19
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<EXPENSE-RATIO> 1.81
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> MERRIMAN LEVERAGED GROWTH FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
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