WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
annual report dated June 30, 2000 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 321
<NAME> NFJ EQUITY INCOME FUND-INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 32018
<INVESTMENTS-AT-VALUE> 30051
<RECEIVABLES> 43
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 30095
<PAYABLE-FOR-SECURITIES> 555
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14
<TOTAL-LIABILITIES> 569
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31509
<SHARES-COMMON-STOCK> 2520
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 19
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 35
<ACCUM-APPREC-OR-DEPREC> (1967)
<NET-ASSETS> 29526
<DIVIDEND-INCOME> 92
<INTEREST-INCOME> 29
<OTHER-INCOME> 0
<EXPENSES-NET> 19
<NET-INVESTMENT-INCOME> 102
<REALIZED-GAINS-CURRENT> (35)
<APPREC-INCREASE-CURRENT> (1967)
<NET-CHANGE-FROM-OPS> (1900)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 72
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2513
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 7
<ISSUED-IN-REORGANIZATION> 0
<FUND-REIMBURSEMENT-FEE> 0
<NET-CHANGE-IN-ASSETS> 29526
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19
<AVERAGE-NET-ASSETS> 12045
<PER-SHARE-NAV-BEGIN> 10.51
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> (0.66)
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.00
<PER-SHARE-FUND-REIMBURSEMENT-FEE> 0.00
<PER-SHARE-NAV-END> 9.88
<EXPENSE-RATIO> 0.70
</TABLE>
