<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
(Replace this text with the legend)
</LEGEND>
<CIK> 841501
<NAME> Owens Mortgage Investment Fund
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JUL-01-2000
<PERIOD-END> SEP-30-2000
<EXCHANGE-RATE> 1.00
<CASH> 10,028,067
<SECURITIES> 0
<RECEIVABLES> 2,200,827
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<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 13,117,441
<DEPRECIATION> 51,556
<TOTAL-ASSETS> 241,975,151
<CURRENT-LIABILITIES> 1,622,841
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 234,211,387
<TOTAL-LIABILITY-AND-EQUITY> 241,975,151
<SALES> 0
<TOTAL-REVENUES> 9,556,144
<CGS> 0
<TOTAL-COSTS> 1,608,339
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 93,620
<INCOME-PRETAX> 7,776,861
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<INCOME-CONTINUING> 4,897,594
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<EXTRAORDINARY> 2,879,267
<CHANGES> 0
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<EPS-BASIC> .034
<EPS-DILUTED> .034
</TABLE>