<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Tax
Exempt New York Money Market Fund Semi-Annual Report for the six months ended
September 30, 2000 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0000863420
<NAME> INVESTORS MUNICIPAL CASH FUND
<SERIES>
<NUMBER> 01
<NAME> TAX EXEMPT NEW YORK MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-START> APR-01-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 188,609,000
<INVESTMENTS-AT-VALUE> 188,609,000
<RECEIVABLES> 2,694,693
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 191,303,693
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,026,197
<TOTAL-LIABILITIES> 4,026,197
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 187,277,496
<SHARES-COMMON-STOCK> 187,277,496
<SHARES-COMMON-PRIOR> 242,355,716
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 187,277,496
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,184,023
<OTHER-INCOME> 0
<EXPENSES-NET> 1,040,117
<NET-INVESTMENT-INCOME> 4,143,906
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,143,906
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,143,906)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 572,013,732
<NUMBER-OF-SHARES-REDEEMED> (631,180,765)
<SHARES-REINVESTED> 4,089,060
<NET-CHANGE-IN-ASSETS> (55,077,973)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 275,444
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,455,762
<AVERAGE-NET-ASSETS> 250,170,551
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .83
</TABLE>
