<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000864953
<NAME> TAX FREE RESERVES PORTFOLIO
<S> <C>
<PERIOD-TYPE> year
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Aug-31-2000
<INVESTMENTS-AT-COST> 675,992,439
<INVESTMENTS-AT-VALUE> 675,992,439
<RECEIVABLES> 4,639,778
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 33,133
<TOTAL-ASSETS> 680,665,350
<PAYABLE-FOR-SECURITIES> 5,047,069
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 125,981
<TOTAL-LIABILITIES> 5,173,050
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 675,492,300
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 675,492,300
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25,214,816
<OTHER-INCOME> 0
<EXPENSES-NET> 964,310
<NET-INVESTMENT-INCOME> 24,250,506
<REALIZED-GAINS-CURRENT> (23,055)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 24,227,451
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,196,552,821
<NUMBER-OF-SHARES-REDEEMED> (2,202,408,291)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 18,371,981
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,285,870
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,848,655
<AVERAGE-NET-ASSETS> 642,935,008
<PER-SHARE-NAV-BEGIN> 0.000
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 0.000
<EXPENSE-RATIO> 0.15
</TABLE>
