<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> MERRIMAN LEVERAGED GROWTH FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 20,506,559
<INVESTMENTS-AT-VALUE> 20,747,957
<RECEIVABLES> 14,083
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 35
<TOTAL-ASSETS> 20,762,075
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 57,732
<TOTAL-LIABILITIES> 57,732
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,754,756
<SHARES-COMMON-STOCK> 1,597,348
<SHARES-COMMON-PRIOR> 1,616,312
<ACCUMULATED-NII-CURRENT> 503,400
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,204,789
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 241,398
<NET-ASSETS> 20,704,343
<DIVIDEND-INCOME> 872,428
<INTEREST-INCOME> 48,778
<OTHER-INCOME> 0
<EXPENSES-NET> 417,806
<NET-INVESTMENT-INCOME> 503,400
<REALIZED-GAINS-CURRENT> 3,206,585
<APPREC-INCREASE-CURRENT> (879,589)
<NET-CHANGE-FROM-OPS> 2,830,396
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 2,344,927
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 497,652
<NUMBER-OF-SHARES-REDEEMED> 553,555
<SHARES-REINVESTED> 161,858
<NET-CHANGE-IN-ASSETS> 1,950,359
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,343,131
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 278,802
<INTEREST-EXPENSE> 31,669
<GROSS-EXPENSE> 417,806
<AVERAGE-NET-ASSETS> 21,960,576
<PER-SHARE-NAV-BEGIN> 12.57
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 1.65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.58
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.96
<EXPENSE-RATIO> 1.88
</TABLE>
