WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
<SERIES>
<NUMBER> 08
<NAME> Independence One Small Cap Fund
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-2001
<PERIOD-END> Oct-31-2000
<INVESTMENTS-AT-COST> 39,104,302
<INVESTMENTS-AT-VALUE> 40,958,522
<RECEIVABLES> 1,236,947
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 388,010
<TOTAL-LIABILITIES> 388,010
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,236,127
<SHARES-COMMON-STOCK> 3,792,083
<SHARES-COMMON-PRIOR> 3,756,676
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (46,606)
<ACCUMULATED-NET-GAINS> 4,763,718
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,854,220
<NET-ASSETS> 41,807,459
<DIVIDEND-INCOME> 112,321
<INTEREST-INCOME> 35,300
<OTHER-INCOME> 0
<EXPENSES-NET> (194,227)
<NET-INVESTMENT-INCOME> (46,606)
<REALIZED-GAINS-CURRENT> 5,263,340
<APPREC-INCREASE-CURRENT> (3,165,804)
<NET-CHANGE-FROM-OPS> 2,050,930
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 317,740
<NUMBER-OF-SHARES-REDEEMED> (282,333)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,475,182
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (499,622)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100,932
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 194,227
<AVERAGE-NET-ASSETS> 40,043,611
<PER-SHARE-NAV-BEGIN> 10.470
<PER-SHARE-NII> (0.010)
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<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.020
<EXPENSE-RATIO> 0.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
