<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844209
<NAME> ACHIEVEMENT FUNDS
<SERIES>
<NUMBER> 040
<NAME> EQUITY FUND-INSTITUTIONAL CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-2001
<PERIOD-START> FEB-01-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 215099
<INVESTMENTS-AT-VALUE> 323384
<RECEIVABLES> 3653
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 75
<TOTAL-ASSETS> 327112
<PAYABLE-FOR-SECURITIES> 3346
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 508
<TOTAL-LIABILITIES> 3854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188448
<SHARES-COMMON-STOCK> 15456
<SHARES-COMMON-PRIOR> 15403
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (115)
<ACCUMULATED-NET-GAINS> 26640
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 108285
<NET-ASSETS> 323258
<DIVIDEND-INCOME> 1185
<INTEREST-INCOME> 166
<OTHER-INCOME> 0
<EXPENSES-NET> (1455)
<NET-INVESTMENT-INCOME> (104)
<REALIZED-GAINS-CURRENT> 13164
<APPREC-INCREASE-CURRENT> 11845
<NET-CHANGE-FROM-OPS> 24905
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1158
<NUMBER-OF-SHARES-REDEEMED> (1105)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 24646
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 13476
<OVERDISTRIB-NII-PRIOR> (11)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1170
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1653
<AVERAGE-NET-ASSETS> 317938
<PER-SHARE-NAV-BEGIN> 18.34
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 1.53
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.87
<EXPENSE-RATIO> 0.90
</TABLE>
