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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 12
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SIGNATURE WILLIAM L. NOTARO
TITLE SECRETARY
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</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-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 9,631,784
<INVESTMENTS-AT-VALUE> 11,011,522
<RECEIVABLES> 24,516
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> (12)
<TOTAL-ASSETS> 11,036,026
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,005
<TOTAL-LIABILITIES> 28,005
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,160,119
<SHARES-COMMON-STOCK> 1,001,276
<SHARES-COMMON-PRIOR> 1,136,627
<ACCUMULATED-NII-CURRENT> 33,287
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 434,877
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,379,738
<NET-ASSETS> 11,008,021
<DIVIDEND-INCOME> 167,581
<INTEREST-INCOME> 13,412
<OTHER-INCOME> 0
<EXPENSES-NET> 101,631
<NET-INVESTMENT-INCOME> 79,362
<REALIZED-GAINS-CURRENT> 458,829
<APPREC-INCREASE-CURRENT> 802,613
<NET-CHANGE-FROM-OPS> 1,340,804
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 254,217
<DISTRIBUTIONS-OF-GAINS> 488,871
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,349
<NUMBER-OF-SHARES-REDEEMED> 103,508
<SHARES-REINVESTED> 66,390
<NET-CHANGE-IN-ASSETS> 367,133
<ACCUMULATED-NII-PRIOR> 208,142
<ACCUMULATED-GAINS-PRIOR> 464,919
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 68,669
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 101,631
<AVERAGE-NET-ASSETS> 10,917,724
<PER-SHARE-NAV-BEGIN> 10.41
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0.51
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.99
<EXPENSE-RATIO> 1.86
</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-30-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 24,237,571
<INVESTMENTS-AT-VALUE> 29,619,171
<RECEIVABLES> 7,484
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> (132,640)
<TOTAL-ASSETS> 29,494,015
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 5,000,000
<OTHER-ITEMS-LIABILITIES> 36,146
<TOTAL-LIABILITIES> 5,036,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,987,357
<SHARES-COMMON-STOCK> 1,616,312
<SHARES-COMMON-PRIOR> 1,476,284
<ACCUMULATED-NII-CURRENT> (72,960)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,161,872
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,381,600
<NET-ASSETS> 24,457,869
<DIVIDEND-INCOME> 105,285
<INTEREST-INCOME> 25,184
<OTHER-INCOME> 0
<EXPENSES-NET> 203,429
<NET-INVESTMENT-INCOME> (72,960)
<REALIZED-GAINS-CURRENT> 2,163,668
<APPREC-INCREASE-CURRENT> 4,260,613
<NET-CHANGE-FROM-OPS> 6,651,321
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 2,344,927
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 184,837
<NUMBER-OF-SHARES-REDEEMED> 221,776
<SHARES-REINVESTED> 161,858
<NET-CHANGE-IN-ASSETS> 5,703,885
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,343,131
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 140,967
<INTEREST-EXPENSE> 13,100
<GROSS-EXPENSE> 203,429
<AVERAGE-NET-ASSETS> 22,135,123
<PER-SHARE-NAV-BEGIN> 12.57
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 4.19
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.58
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.13
<EXPENSE-RATIO> 1.81
</TABLE>
