<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> M.S.D.&T. EQUITY INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 157,010
<INVESTMENTS-AT-VALUE> 193,706
<RECEIVABLES> 1,566
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 195,273
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 325
<TOTAL-LIABILITIES> 325
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 113,367
<SHARES-COMMON-STOCK> 27,563
<SHARES-COMMON-PRIOR> 30,652
<ACCUMULATED-NII-CURRENT> 424
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44,461
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,696
<NET-ASSETS> 194,948
<DIVIDEND-INCOME> 6,719
<INTEREST-INCOME> 594
<OTHER-INCOME> 0
<EXPENSES-NET> 1,834
<NET-INVESTMENT-INCOME> 5,479
<REALIZED-GAINS-CURRENT> 62,226
<APPREC-INCREASE-CURRENT> (99,145)
<NET-CHANGE-FROM-OPS> (31,440)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,737
<DISTRIBUTIONS-OF-GAINS> 55,928
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,835
<NUMBER-OF-SHARES-REDEEMED> (7,332)
<SHARES-REINVESTED> 408
<NET-CHANGE-IN-ASSETS> (119,358)
<ACCUMULATED-NII-PRIOR> 682
<ACCUMULATED-GAINS-PRIOR> 38,164
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,106
<AVERAGE-NET-ASSETS> 260,768
<PER-SHARE-NAV-BEGIN> 10.25
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> (1.22)
<PER-SHARE-DIVIDEND> (.19)
<PER-SHARE-DISTRIBUTIONS> (1.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.07
<EXPENSE-RATIO> .70
</TABLE>
