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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 6
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 1000
062 A000400 Y
062 B000400 3.4
062 C000400 0.0
062 D000400 4.8
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 25.5
062 N000400 56.7
062 O000400 0.0
062 P000400 7.0
062 Q000400 2.2
062 R000400 0.0
063 A000400 0
063 B000400 6.6
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
<PAGE> PAGE 22
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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071 B000400 5083
071 C000400 75293
071 D000400 7
072 A000400 6
072 B000400 2757
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 189
072 G000400 47
072 H000400 0
072 I000400 14
072 J000400 11
072 K000400 0
072 L000400 2
072 M000400 3
072 N000400 7
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072 P000400 0
072 Q000400 23
072 R000400 8
072 S000400 3
072 T000400 105
072 U000400 0
072 V000400 0
072 W000400 4
072 X000400 416
072 Y000400 131
072 Z000400 2472
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072BB000400 238
<PAGE> PAGE 23
072CC010400 0
072CC020400 948
072DD010400 2410
072DD020400 0
072EE000400 0
073 A010400 0.2800
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 4049
074 C000400 0
074 D000400 80549
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 852
074 M000400 0
074 N000400 85450
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 459
074 S000400 0
074 T000400 84991
074 U010400 8779
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074 V010400 9.68
074 V020400 0.00
074 W000400 0.0000
074 X000400 344
074 Y000400 0
075 A000400 0
075 B000400 84673
076 000400 0.00
024 000500 N
025 A000501 DELETE
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
<PAGE> PAGE 24
025 D000508 0
028 A010500 591
028 A020500 257
028 A030500 0
028 A040500 1873
028 B010500 1049
028 B020500 251
028 B030500 0
028 B040500 1005
028 C010500 891
028 C020500 251
028 C030500 0
028 C040500 435
028 D010500 1995
028 D020500 268
028 D030500 0
028 D040500 920
028 E010500 1089
028 E020500 265
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028 E040500 3548
028 F010500 913
028 F020500 261
028 F030500 0
028 F040500 1170
028 G010500 6528
028 G020500 1553
028 G030500 0
028 G040500 8951
028 H000500 6502
029 000500 Y
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030 B000500 3.00
030 C000500 0.25
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
034 000500 N
035 000500 0
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
<PAGE> PAGE 25
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 98
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
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048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 1000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 9.4
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
<PAGE> PAGE 26
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 29.6
062 N000500 21.0
062 O000500 6.3
062 P000500 32.4
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 8.6
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
<PAGE> PAGE 27
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 5752
071 B000500 7196
071 C000500 72364
071 D000500 8
072 A000500 6
072 B000500 2738
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072 D000500 0
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072 J000500 10
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072 M000500 2
072 N000500 7
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072 R000500 7
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072 Y000500 118
072 Z000500 2349
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072CC020500 985
072DD010500 2307
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072EE000500 0
073 A010500 0.2800
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074 C000500 0
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<PAGE> PAGE 28
074 G000500 0
074 H000500 0
074 I000500 0
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074 K000500 0
074 L000500 4828
074 M000500 0
074 N000500 81811
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074 R010500 0
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074 R030500 0
074 R040500 3868
074 S000500 0
074 T000500 77943
074 U010500 8169
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074 V020500 0.00
074 W000500 0.0000
074 X000500 43
074 Y000500 0
075 A000500 0
075 B000500 79140
076 000500 0.00
024 000600 N
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 43560
028 A020600 0
028 A030600 0
028 A040600 52793
028 B010600 75179
028 B020600 262
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028 B040600 73553
028 C010600 34941
028 C020600 244
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028 D020600 243
028 D030600 0
<PAGE> PAGE 29
028 D040600 85790
028 E010600 79124
028 E020600 252
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028 F010600 69498
028 F020600 257
028 F030600 0
028 F040600 90207
028 G010600 356468
028 G020600 1258
028 G030600 0
028 G040600 379269
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030 A000600 0
030 B000600 0.00
030 C000600 0.00
031 A000600 0
031 B000600 0
032 000600 0
033 000600 0
034 000600 N
035 000600 0
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 N
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
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<PAGE> PAGE 30
048 D020600 0.000
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048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 1000
062 A000600 Y
062 B000600 61.9
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062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
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062 L000600 0.0
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062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 3.5
063 A000600 38
063 B000600 0.0
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
<PAGE> PAGE 31
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 0
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<PAGE> PAGE 32
072 K000600 0
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<PAGE> PAGE 33
074 U020600 0
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075 A000600 210917
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076 000600 0.00
024 000700 Y
025 A000701 BEAR STEARNS COS., INC.
025 C000701 E
025 D000701 155
025 A000702 DELETE
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<PAGE> PAGE 34
030 A000700 48
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032 000700 33
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035 000700 14
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037 000700 N
038 000700 0
039 000700 N
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<PAGE> PAGE 35
048 K020700 0.000
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050 000700 N
051 000700 N
052 000700 N
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061 000700 1000
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066 B000700 N
066 C000700 N
066 D000700 N
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067 000700 N
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069 000700 N
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<PAGE> PAGE 36
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070 E020700 N
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070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
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070 J020700 N
070 K010700 Y
070 K020700 Y
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070 L020700 N
070 M010700 N
070 M020700 N
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070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
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070 R020700 N
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<PAGE> PAGE 37
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<PAGE> PAGE 38
SIGNATURE STEPHEN A. KEEN
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 011
<NAME> Hibernia Capital Appreciation Fund--Class A
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<EXPENSE-RATIO> 1.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 012
<NAME> Hibernia Capital Appreciation Fund--Class B
<S> <C>
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<INTEREST-INCOME> 250,325
<OTHER-INCOME> 0
<EXPENSES-NET> (2,338,578)
<NET-INVESTMENT-INCOME> (97,986)
<REALIZED-GAINS-CURRENT> 8,683,835
<APPREC-INCREASE-CURRENT> 11,832,250
<NET-CHANGE-FROM-OPS> 20,418,099
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,254,913)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 81,464
<NUMBER-OF-SHARES-REDEEMED> (82,842)
<SHARES-REINVESTED> 92,243
<NET-CHANGE-IN-ASSETS> (7,643,380)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 40,982,710
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,411,001
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,338,578
<AVERAGE-NET-ASSETS> 19,045,487
<PER-SHARE-NAV-BEGIN> 25.700
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 1.350
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (3.150)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.890
<EXPENSE-RATIO> 1.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 021
<NAME> Hibernia Cash Reserve Fund--Class A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 237,687,741
<INVESTMENTS-AT-VALUE> 237,687,741
<RECEIVABLES> 42,894
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 277,672
<TOTAL-ASSETS> 238,008,307
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 934,146
<TOTAL-LIABILITIES> 934,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237,074,161
<SHARES-COMMON-STOCK> 236,798,322
<SHARES-COMMON-PRIOR> 157,099,163
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 236,798,322
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,822,456
<OTHER-INCOME> 0
<EXPENSES-NET> (822,815)
<NET-INVESTMENT-INCOME> 3,999,641
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,999,641
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,995,165)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 227,776,029
<NUMBER-OF-SHARES-REDEEMED> (149,077,648)
<SHARES-REINVESTED> 1,000,779
<NET-CHANGE-IN-ASSETS> 79,898,226
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 342,678
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 822,815
<AVERAGE-NET-ASSETS> 172,053,679
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 022
<NAME> Hibernia Cash Reserve Fund--Class B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 237,687,741
<INVESTMENTS-AT-VALUE> 237,684,741
<RECEIVABLES> 42,894
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 277,672
<TOTAL-ASSETS> 238,008,307
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 934,146
<TOTAL-LIABILITIES> 934,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237,074,161
<SHARES-COMMON-STOCK> 275,839
<SHARES-COMMON-PRIOR> 76,772
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 275,839
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,822,456
<OTHER-INCOME> 0
<EXPENSES-NET> (822,815)
<NET-INVESTMENT-INCOME> 3,999,641
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,999,641
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,476)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 305,386
<NUMBER-OF-SHARES-REDEEMED> (109,806)
<SHARES-REINVESTED> 3,486
<NET-CHANGE-IN-ASSETS> 79,898,226
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 342,678
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 822,815
<AVERAGE-NET-ASSETS> 226,870
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 1.71
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 03
<NAME> Hibernia Louisiana Municipal Income Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 82,651,783
<INVESTMENTS-AT-VALUE> 81,041,300
<RECEIVABLES> 1,301,467
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,342,767
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 346,977
<TOTAL-LIABILITIES> 346,977
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83,488,905
<SHARES-COMMON-STOCK> 7,846,991
<SHARES-COMMON-PRIOR> 8,545,050
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (4,081)
<ACCUMULATED-NET-GAINS> 121,449
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,610,483)
<NET-ASSETS> 81,995,790
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,556,302
<OTHER-INCOME> 0
<EXPENSES-NET> (289,753)
<NET-INVESTMENT-INCOME> 2,266,549
<REALIZED-GAINS-CURRENT> 394,161
<APPREC-INCREASE-CURRENT> (3,031,423)
<NET-CHANGE-FROM-OPS> (370,713)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,211,088)
<DISTRIBUTIONS-OF-GAINS> (792,858)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 210,699
<NUMBER-OF-SHARES-REDEEMED> (1,036,462)
<SHARES-REINVESTED> 127,704
<NET-CHANGE-IN-ASSETS> (10,706,110)
<ACCUMULATED-NII-PRIOR> (59,542)
<ACCUMULATED-GAINS-PRIOR> 520,146
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 195,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 432,834
<AVERAGE-NET-ASSETS> 87,192,048
<PER-SHARE-NAV-BEGIN> 10.850
<PER-SHARE-NII> 0.280
<PER-SHARE-GAIN-APPREC> (0.310)
<PER-SHARE-DIVIDEND> (0.270)
<PER-SHARE-DISTRIBUTIONS> (0.100)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.450
<EXPENSE-RATIO> 0.67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 071
<NAME> Hibernia Mid Cap Equity Fund--Class A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 17,248,508
<INVESTMENTS-AT-VALUE> 24,942,505
<RECEIVABLES> 42,753
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24,985,258
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,822
<TOTAL-LIABILITIES> 28,822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,700,203
<SHARES-COMMON-STOCK> 1,581,353
<SHARES-COMMON-PRIOR> 1,611,099
<ACCUMULATED-NII-CURRENT> (50,153)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (387,611)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,693,997
<NET-ASSETS> 22,016,444
<DIVIDEND-INCOME> 91,126
<INTEREST-INCOME> 63,208
<OTHER-INCOME> 0
<EXPENSES-NET> (204,487)
<NET-INVESTMENT-INCOME> (50,153)
<REALIZED-GAINS-CURRENT> 543,063
<APPREC-INCREASE-CURRENT> 4,328,784
<NET-CHANGE-FROM-OPS> 4,821,694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 210,855
<NUMBER-OF-SHARES-REDEEMED> (240,601)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,682,582
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (930,674)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 84,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235,505
<AVERAGE-NET-ASSETS> 20,156,166
<PER-SHARE-NAV-BEGIN> 11.350
<PER-SHARE-NII> (0.020)
<PER-SHARE-GAIN-APPREC> 2.590
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.920
<EXPENSE-RATIO> 1.73
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 072
<NAME> Hibernia Mid Cap Equity Fund--Class B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 17,248,508
<INVESTMENTS-AT-VALUE> 24,942,505
<RECEIVABLES> 42,753
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24,985,258
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,822
<TOTAL-LIABILITIES> 28,822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,700,203
<SHARES-COMMON-STOCK> 212,972
<SHARES-COMMON-PRIOR> 176,271
<ACCUMULATED-NII-CURRENT> (50,153)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (387,611)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,693,997
<NET-ASSETS> 2,939,992
<DIVIDEND-INCOME> 91,126
<INTEREST-INCOME> 63,208
<OTHER-INCOME> 0
<EXPENSES-NET> (204,487)
<NET-INVESTMENT-INCOME> (50,153)
<REALIZED-GAINS-CURRENT> 543,063
<APPREC-INCREASE-CURRENT> 4,328,784
<NET-CHANGE-FROM-OPS> 4,821,694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 63,804
<NUMBER-OF-SHARES-REDEEMED> (27,103)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,682,582
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (930,674)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 84,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235,505
<AVERAGE-NET-ASSETS> 2,492,278
<PER-SHARE-NAV-BEGIN> 11.290
<PER-SHARE-NII> (0.070)
<PER-SHARE-GAIN-APPREC> 2.580
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.800
<EXPENSE-RATIO> 2.49
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 05
<NAME> Hibernia Total Return Bond Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 80,166,024
<INVESTMENTS-AT-VALUE> 76,982,529
<RECEIVABLES> 4,828,537
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81,811,066
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,868,047
<TOTAL-LIABILITIES> 3,868,047
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,188,429
<SHARES-COMMON-STOCK> 8,168,719
<SHARES-COMMON-PRIOR> 8,259,032
<ACCUMULATED-NII-CURRENT> 95,932
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (157,847)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,183,495)
<NET-ASSETS> 77,943,019
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,737,635
<OTHER-INCOME> 0
<EXPENSES-NET> (389,036)
<NET-INVESTMENT-INCOME> 2,348,599
<REALIZED-GAINS-CURRENT> (156,521)
<APPREC-INCREASE-CURRENT> (984,909)
<NET-CHANGE-FROM-OPS> 1,207,169
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,307,479)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 681,310
<NUMBER-OF-SHARES-REDEEMED> (933,303)
<SHARES-REINVESTED> 161,680
<NET-CHANGE-IN-ASSETS> (1,970,021)
<ACCUMULATED-NII-PRIOR> 54,812
<ACCUMULATED-GAINS-PRIOR> (1,326)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 275,478
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 507,098
<AVERAGE-NET-ASSETS> 79,140,386
<PER-SHARE-NAV-BEGIN> 9.680
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.150)
<PER-SHARE-DIVIDEND> (0.280)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.540
<EXPENSE-RATIO> 0.99
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 06
<NAME> Hibernia U.S. Treasury Money Market Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 198,663,368
<INVESTMENTS-AT-VALUE> 198,663,368
<RECEIVABLES> 334,683
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,998,051
<PAYABLE-FOR-SECURITIES> 4,928,338
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,820,192
<TOTAL-LIABILITIES> 6,748,530
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 192,249,521
<SHARES-COMMON-STOCK> 192,249,521
<SHARES-COMMON-PRIOR> 213,793,070
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 192,249,521
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,444,751
<OTHER-INCOME> 0
<EXPENSES-NET> (655,398)
<NET-INVESTMENT-INCOME> 4,789,353
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,789,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,789,353)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 356,467,791
<NUMBER-OF-SHARES-REDEEMED> (379,269,442)
<SHARES-REINVESTED> 1,258,102
<NET-CHANGE-IN-ASSETS> (21,543,549)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 419,528
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 655,398
<AVERAGE-NET-ASSETS> 210,916,819
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.62
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831809
<NAME> Hibernia Funds
<SERIES>
<NUMBER> 04
<NAME> Hibernia U.S. Government Income Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 87,566,861
<INVESTMENTS-AT-VALUE> 84,598,009
<RECEIVABLES> 852,281
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 85,450,290
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 459,284
<TOTAL-LIABILITIES> 459,284
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91,395,978
<SHARES-COMMON-STOCK> 8,779,263
<SHARES-COMMON-PRIOR> 8,586,814
<ACCUMULATED-NII-CURRENT> 75,837
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,511,957)
<ACCUM-APPREC-OR-DEPREC> (2,968,852)
<NET-ASSETS> 84,991,006
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,757,187
<OTHER-INCOME> 0
<EXPENSES-NET> (285,185)
<NET-INVESTMENT-INCOME> 2,472,002
<REALIZED-GAINS-CURRENT> (237,885)
<APPREC-INCREASE-CURRENT> (947,733)
<NET-CHANGE-FROM-OPS> 1,286,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,409,649)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 933,244
<NUMBER-OF-SHARES-REDEEMED> (820,444)
<SHARES-REINVESTED> 79,649
<NET-CHANGE-IN-ASSETS> 749,384
<ACCUMULATED-NII-PRIOR> 13,484
<ACCUMULATED-GAINS-PRIOR> (3,274,072)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 189,472
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 415,710
<AVERAGE-NET-ASSETS> 84,672,532
<PER-SHARE-NAV-BEGIN> 9.810
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.140)
<PER-SHARE-DIVIDEND> (0.280)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.680
<EXPENSE-RATIO> 0.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
