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> 12-mos
<FISCAL-YEAR-END> Apr-30-2000
<PERIOD-END> Apr-30-2000
<INVESTMENTS-AT-COST> 34,107,540
<INVESTMENTS-AT-VALUE> 39,127,564
<RECEIVABLES> 286,433
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 95,351
<TOTAL-ASSETS> 39,509,348
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 177,071
<TOTAL-LIABILITIES> 177,071
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,811,875
<SHARES-COMMON-STOCK> 3,756,676
<SHARES-COMMON-PRIOR> 3,147,705
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (499,622)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,020,024
<NET-ASSETS> 39,332,277
<DIVIDEND-INCOME> 194,447
<INTEREST-INCOME> 75,536
<OTHER-INCOME> 0
<EXPENSES-NET> (364,641)
<NET-INVESTMENT-INCOME> (94,658)
<REALIZED-GAINS-CURRENT> 164,278
<APPREC-INCREASE-CURRENT> 5,648,843
<NET-CHANGE-FROM-OPS> 5,718,463
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,861,428)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 728,719
<NUMBER-OF-SHARES-REDEEMED> (313,697)
<SHARES-REINVESTED> 193,949
<NET-CHANGE-IN-ASSETS> 9,745,284
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,240,243
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 169,653
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 380,953
<AVERAGE-NET-ASSETS> 33,930,623
<PER-SHARE-NAV-BEGIN> 9.400
<PER-SHARE-NII> (0.030)
<PER-SHARE-GAIN-APPREC> 1.650
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.550)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.470
<EXPENSE-RATIO> 1.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
