HIBERNIA FUNDS
NSAR-B, EX-27, 2000-10-30
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000831809
<NAME>                            Hibernia Funds
<SERIES>
     <NUMBER>                     040
     <NAME>                       Hibernia U.S. Government Income Fund

<S>                               <C>
<PERIOD-TYPE>                     12-MOS
<FISCAL-YEAR-END>                 Aug-31-2000
<PERIOD-END>                      Aug-31-2000
<INVESTMENTS-AT-COST>             86,767,631
<INVESTMENTS-AT-VALUE>            85,379,374
<RECEIVABLES>                     947,737
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              0
<TOTAL-ASSETS>                    86,327,111
<PAYABLE-FOR-SECURITIES>          0
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         602,617
<TOTAL-LIABILITIES>               602,617
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          90,669,364
<SHARES-COMMON-STOCK>             8,702,320
<SHARES-COMMON-PRIOR>             8,586,814
<ACCUMULATED-NII-CURRENT>         96,847
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           0
<OVERDISTRIBUTION-GAINS>          (3,653,460)
<ACCUM-APPREC-OR-DEPREC>          (1,388,257)
<NET-ASSETS>                      85,724,494
<DIVIDEND-INCOME>                 0
<INTEREST-INCOME>                 5,620,153
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (575,608)
<NET-INVESTMENT-INCOME>           5,044,545
<REALIZED-GAINS-CURRENT>          (379,388)
<APPREC-INCREASE-CURRENT>         632,862
<NET-CHANGE-FROM-OPS>             5,298,019
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (4,961,182)
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           1,547,674
<NUMBER-OF-SHARES-REDEEMED>       (1,594,640)
<SHARES-REINVESTED>               162,472
<NET-CHANGE-IN-ASSETS>            1,482,872
<ACCUMULATED-NII-PRIOR>           13,484
<ACCUMULATED-GAINS-PRIOR>         (3,274,072)
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             380,907
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   838,011
<AVERAGE-NET-ASSETS>              84,646,030
<PER-SHARE-NAV-BEGIN>             9.810
<PER-SHARE-NII>                   0.580
<PER-SHARE-GAIN-APPREC>           0.030
<PER-SHARE-DIVIDEND>              (0.570)
<PER-SHARE-DISTRIBUTIONS>         0.000
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               9.850
<EXPENSE-RATIO>                   0.68
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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