<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Investors Michigan Municipal Cash Fund Annual Report for the fiscal year ended
03/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000863420
<NAME> INVESTORS MUNICIPAL CASH FUND
<SERIES>
<NUMBER> 050
<NAME> INVESTORS MICHIGAN MUNICIPAL CASH FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> MAR-31-1999
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 23,195
<INVESTMENTS-AT-VALUE> 23,195
<RECEIVABLES> 392
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 442
<TOTAL-ASSETS> 24,029
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 815
<TOTAL-LIABILITIES> 815
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,213
<SHARES-COMMON-STOCK> 23,213
<SHARES-COMMON-PRIOR> 35,625
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 23,213
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 916
<OTHER-INCOME> 0
<EXPENSES-NET> 202
<NET-INVESTMENT-INCOME> 714
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 714
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (714)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 128,656
<NUMBER-OF-SHARES-REDEEMED> (141,724)
<SHARES-REINVESTED> 656
<NET-CHANGE-IN-ASSETS> 35,525
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 246
<AVERAGE-NET-ASSETS> 26,904
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.75
</TABLE>
