<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844779
<NAME> BLACKROCK FUNDS
<SERIES>
<NUMBER> 203
<NAME> SELECT EQUITY PORTFOLIO-INVESTOR A CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 1309287739
<INVESTMENTS-AT-VALUE> 1879094115
<RECEIVABLES> 41491154
<ASSETS-OTHER> 13648
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1920598917
<PAYABLE-FOR-SECURITIES> 48015625
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4224767
<TOTAL-LIABILITIES> 52240392
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1030033424
<SHARES-COMMON-STOCK> 3694011
<SHARES-COMMON-PRIOR> 3211750
<ACCUMULATED-NII-CURRENT> 323370
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 268712166
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 569289565
<NET-ASSETS> 1868358525
<DIVIDEND-INCOME> 17930341
<INTEREST-INCOME> 4177101
<OTHER-INCOME> 0
<EXPENSES-NET> (17721096)
<NET-INVESTMENT-INCOME> 4386346
<REALIZED-GAINS-CURRENT> 289547566
<APPREC-INCREASE-CURRENT> (144514644)
<NET-CHANGE-FROM-OPS> 149419268
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (27557)
<DISTRIBUTIONS-OF-GAINS> (5194117)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2469235
<NUMBER-OF-SHARES-REDEEMED> (2206082)
<SHARES-REINVESTED> 219108
<NET-CHANGE-IN-ASSETS> 61973308
<ACCUMULATED-NII-PRIOR> 292482
<ACCUMULATED-GAINS-PRIOR> 120774540
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10280894
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17721096
<AVERAGE-NET-ASSETS> 1956581825
<PER-SHARE-NAV-BEGIN> 20.75
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 1.60
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (1.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.69
<EXPENSE-RATIO> 1.25
</TABLE>
