<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844779
<NAME> BLACKROCK FUNDS
<SERIES>
<NUMBER> 211
<NAME> SMALL CAP GROWTH EQUITY PORTFOLIO-INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 2035930155
<INVESTMENTS-AT-VALUE> 2837749995
<RECEIVABLES> 46218963
<ASSETS-OTHER> 13711
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2883982669
<PAYABLE-FOR-SECURITIES> 31534859
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19790060
<TOTAL-LIABILITIES> 51324919
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1401914807
<SHARES-COMMON-STOCK> 61436225
<SHARES-COMMON-PRIOR> 56183524
<ACCUMULATED-NII-CURRENT> 2481723
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 636539089
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 791722131
<NET-ASSETS> 2832657750
<DIVIDEND-INCOME> 472416
<INTEREST-INCOME> 25515382
<OTHER-INCOME> 0
<EXPENSES-NET> (23506075)
<NET-INVESTMENT-INCOME> 2481723
<REALIZED-GAINS-CURRENT> 700175859
<APPREC-INCREASE-CURRENT> 362024519
<NET-CHANGE-FROM-OPS> 1064682101
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (232912309)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15825088
<NUMBER-OF-SHARES-REDEEMED> (18453305)
<SHARES-REINVESTED> 7880918
<NET-CHANGE-IN-ASSETS> 1098505995
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 220346631
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13483790
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 23506075
<AVERAGE-NET-ASSETS> 2632460676
<PER-SHARE-NAV-BEGIN> 25.38
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 14.45
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (4.14)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.76
<EXPENSE-RATIO> .78
</TABLE>
