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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 16
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048 G010500 0
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048 H010500 0
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048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 N
055 B000500 Y
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 500
<PAGE> PAGE 21
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 Y
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
<PAGE> PAGE 22
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 208605
071 B000500 187584
071 C000500 36147
071 D000500 519
072 A000500 12
072 B000500 296
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072 X000500 1005
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072 Z000500 -475
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<PAGE> PAGE 23
072DD020500 0
072EE000500 3261
073 A010500 0.0000
073 A020500 0.0000
073 B000500 1.1600
073 C000500 0.0000
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074 N000500 87467
074 O000500 10291
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074 R040500 143
074 S000500 0
074 T000500 76873
074 U010500 4033
074 U020500 0
074 V010500 19.06
074 V020500 0.00
074 W000500 0.0000
074 X000500 6936
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075 B000500 41901
076 000500 0.00
008 A000601 JOHN GOVETT & CO. LIMITED
008 B000601 A
008 C000601 801-34730
008 D010601 LONDON
008 D050601 ENGLAND
008 D060601 SE12HR
015 A000601 THE CHASE MANHATTAN BANK, N.A.
015 B000601 C
015 C010601 NEW YORK
015 C020601 NY
015 C030601 10036
015 E040601 X
<PAGE> PAGE 24
028 A010600 1054
028 A020600 0
028 A030600 0
028 A040600 452
028 B010600 1331
028 B020600 0
028 B030600 0
028 B040600 964
028 C010600 706
028 C020600 0
028 C030600 0
028 C040600 464
028 D010600 669
028 D020600 0
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028 D040600 479
028 E010600 594
028 E020600 0
028 E030600 0
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028 F010600 425
028 F020600 98
028 F030600 0
028 F040600 1292
028 G010600 4779
028 G020600 98
028 G030600 0
028 G040600 6793
028 H000600 394
045 000600 Y
046 000600 N
047 000600 Y
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<PAGE> PAGE 25
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
055 A000600 Y
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 N
060 B000600 N
061 000600 500
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
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062 O000600 0.0
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062 Q000600 53.4
062 R000600 0.7
063 A000600 0
063 B000600 12.6
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 Y
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
<PAGE> PAGE 26
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 63405
071 B000600 47708
071 C000600 11935
071 D000600 400
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<PAGE> PAGE 27
072 W000600 21
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076 000600 0.00
008 A000701 JOHN GOVETT & CO. LIMITED
008 B000701 A
008 C000701 801-34730
<PAGE> PAGE 28
008 D010701 LONDON
008 D050701 ENGLAND
008 D060701 SE12HR
015 A000701 THE CHASE MANHATTAN BANK, N.A.
015 B000701 C
015 C010701 NEW YORK
015 C020701 NY
015 C030701 10036
015 E040701 X
028 A010700 7858
028 A020700 0
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028 B010700 1909
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028 C010700 558
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028 H000700 703
045 000700 Y
046 000700 N
047 000700 Y
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<PAGE> PAGE 29
048 E020700 0.000
048 F010700 0
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048 I010700 0
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048 J010700 0
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055 A000700 Y
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
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060 B000700 Y
061 000700 500
062 A000700 N
062 B000700 0.0
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062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
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066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
<PAGE> PAGE 30
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 52366
071 B000700 37011
071 C000700 17336
071 D000700 213
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<PAGE> PAGE 31
072 J000700 61
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<PAGE> PAGE 32
074 U010700 1575
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075 B000700 20902
076 000700 0.00
008 A000801 JOHN GOVETT & CO. LIMITED
008 B000801 A
008 C000801 801-34730
008 D010801 LONDON
008 D050801 ENGLAND
008 D060801 SE12HR
015 A000801 THE CHASE MANHATTAN BANK, N.A.
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10036
015 E040801 X
028 A010800 975
028 A020800 0
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028 B010800 5536
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028 F040800 1014
028 G010800 10352
028 G020800 418
028 G030800 0
028 G040800 10327
028 H000800 854
<PAGE> PAGE 33
045 000800 Y
046 000800 N
047 000800 Y
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055 A000800 Y
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<PAGE> PAGE 34
062 Q000800 0.0
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066 A000800 Y
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066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
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069 000800 N
070 A010800 Y
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070 B010800 Y
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070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
<PAGE> PAGE 35
071 A000800 21341
071 B000800 13928
071 C000800 7512
071 D000800 185
072 A000800 12
072 B000800 23
072 C000800 82
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072 T000800 37
072 U000800 5
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072 Z000800 -78
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072EE000800 238
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074 A000800 1004
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074 E000800 1059
074 F000800 5068
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<PAGE> PAGE 36
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SIGNATURE BRIDGET M COLLINS
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Govett Global Government Income Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 58,391,056
<INVESTMENTS-AT-VALUE> 57,931,705
<RECEIVABLES> 1,087,547
<ASSETS-OTHER> 477,759
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,497,011
<PAYABLE-FOR-SECURITIES> 6,348,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,456,688
<TOTAL-LIABILITIES> 7,805,678
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,188,536
<SHARES-COMMON-STOCK> 6,096,537
<SHARES-COMMON-PRIOR> 8,073,073
<ACCUMULATED-NII-CURRENT> (527,101)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,444,732)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (525,370)
<NET-ASSETS> 51,691,333
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,322,694
<OTHER-INCOME> 0
<EXPENSES-NET> 1,274,676
<NET-INVESTMENT-INCOME> 6,048,018
<REALIZED-GAINS-CURRENT> (12,553,764)
<APPREC-INCREASE-CURRENT> (1,614,301)
<NET-CHANGE-FROM-OPS> (8,120,047)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,929,087)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (4,241,735)
<NUMBER-OF-SHARES-SOLD> 3,373,572
<NUMBER-OF-SHARES-REDEEMED> (5,730,805)
<SHARES-REINVESTED> 380,697
<NET-CHANGE-IN-ASSETS> (30,308,950)
<ACCUMULATED-NII-PRIOR> 349,174
<ACCUMULATED-GAINS-PRIOR> (62,034)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 546,289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,423,662)
<AVERAGE-NET-ASSETS> 73,038,633
<PER-SHARE-NAV-BEGIN> 10.16
<PER-SHARE-NII> 0.76
<PER-SHARE-GAIN-APPREC> (1.67)
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> (0.53)
<PER-SHARE-NAV-END> 8.48
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Govett International Equity Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 30,620,437
<INVESTMENTS-AT-VALUE> 30,682,744
<RECEIVABLES> 896,420
<ASSETS-OTHER> 1,786,437
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33,365,601
<PAYABLE-FOR-SECURITIES> 862,575
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 207,092
<TOTAL-LIABILITIES> 1,069,667
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32,625,154
<SHARES-COMMON-STOCK> 3,177,310
<SHARES-COMMON-PRIOR> 3,371,954
<ACCUMULATED-NII-CURRENT> (31,008)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (366,233)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 68,021
<NET-ASSETS> 32,295,934
<DIVIDEND-INCOME> 501,206
<INTEREST-INCOME> 56,033
<OTHER-INCOME> 0
<EXPENSES-NET> 914,197
<NET-INVESTMENT-INCOME> (356,958)
<REALIZED-GAINS-CURRENT> 4,195,834
<APPREC-INCREASE-CURRENT> (7,489,312)
<NET-CHANGE-FROM-OPS> (3,650,436)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (5,709,085)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,612,741
<NUMBER-OF-SHARES-REDEEMED> (4,281,263)
<SHARES-REINVESTED> 473,878
<NET-CHANGE-IN-ASSETS> (12,313,862)
<ACCUMULATED-NII-PRIOR> (258,465)
<ACCUMULATED-GAINS-PRIOR> 1,720,176
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 365,679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,000,725
<AVERAGE-NET-ASSETS> 36,668,329
<PER-SHARE-NAV-BEGIN> 13.23
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> (0.94)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (2.01)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.16
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Govett Emerging Markets Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 80,545,150
<INVESTMENTS-AT-VALUE> 74,960,280
<RECEIVABLES> 1,446,737
<ASSETS-OTHER> 1,194,663
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 77,601,680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 790,084
<TOTAL-LIABILITIES> 790,084
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83,227,205
<SHARES-COMMON-STOCK> 5,779,931
<SHARES-COMMON-PRIOR> 4,035,976
<ACCUMULATED-NII-CURRENT> (233,219)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (622,033)
<OVERDISTRIBUTION-GAINS> (234,040)
<ACCUM-APPREC-OR-DEPREC> (5,560,357)
<NET-ASSETS> 76,811,596
<DIVIDEND-INCOME> 1,120,600
<INTEREST-INCOME> 323,808
<OTHER-INCOME> 0
<EXPENSES-NET> 2,092,933
<NET-INVESTMENT-INCOME> (649,481)
<REALIZED-GAINS-CURRENT> 8,772,370
<APPREC-INCREASE-CURRENT> (21,376,938)
<NET-CHANGE-FROM-OPS> (13,254,049)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (12,753,820)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,321,426
<NUMBER-OF-SHARES-REDEEMED> (6,336,853)
<SHARES-REINVESTED> 759,382
<NET-CHANGE-IN-ASSETS> 5,389,693
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,981,450
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 837,173
<INTEREST-EXPENSE> 956
<GROSS-EXPENSE> 2,214,607
<AVERAGE-NET-ASSETS> 83,947,325
<PER-SHARE-NAV-BEGIN> 17.70
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> (1.93)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (2.37)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.29
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> Govett Smaller Companies Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 74,152,127
<INVESTMENTS-AT-VALUE> 83,421,558
<RECEIVABLES> 3,983,645
<ASSETS-OTHER> 61,600
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 87,466,803
<PAYABLE-FOR-SECURITIES> 10,290,737
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 302,940
<TOTAL-LIABILITIES> 10,593,677
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,470,722
<SHARES-COMMON-STOCK> 4,032,796
<SHARES-COMMON-PRIOR> 2,504,289
<ACCUMULATED-NII-CURRENT> (8,041)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,141,017
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,269,428
<NET-ASSETS> 76,873,126
<DIVIDEND-INCOME> 47,042
<INTEREST-INCOME> 296,178
<OTHER-INCOME> 0
<EXPENSES-NET> 814,822
<NET-INVESTMENT-INCOME> (474,738)
<REALIZED-GAINS-CURRENT> 9,486,544
<APPREC-INCREASE-CURRENT> 4,131,346
<NET-CHANGE-FROM-OPS> 13,143,152
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,261,233)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,569,850
<NUMBER-OF-SHARES-REDEEMED> (5,219,155)
<SHARES-REINVESTED> 177,812
<NET-CHANGE-IN-ASSETS> 37,191,940
<ACCUMULATED-NII-PRIOR> (143,633)
<ACCUMULATED-GAINS-PRIOR> 1,521,011
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 417,857
<INTEREST-EXPENSE> 3,136
<GROSS-EXPENSE> 1,004,857
<AVERAGE-NET-ASSETS> 41,900,529
<PER-SHARE-NAV-BEGIN> 15.85
<PER-SHARE-NII> (0.10)
<PER-SHARE-GAIN-APPREC> 4.47
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.06
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> Govett Developing Markets Bond Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 16,032,440
<INVESTMENTS-AT-VALUE> 14,889,731
<RECEIVABLES> 1,588,921
<ASSETS-OTHER> 382,872
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,861,524
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86,109
<TOTAL-LIABILITIES> 86,109
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,634,962
<SHARES-COMMON-STOCK> 2,054,257
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 21,916
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,739,539)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,141,924)
<NET-ASSETS> 16,775,415
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,839,609
<OTHER-INCOME> 0
<EXPENSES-NET> 409,810
<NET-INVESTMENT-INCOME> 1,429,799
<REALIZED-GAINS-CURRENT> (3,853,763)
<APPREC-INCREASE-CURRENT> (1,141,924)
<NET-CHANGE-FROM-OPS> (3,565,888)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (589,803)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,406,485
<NUMBER-OF-SHARES-REDEEMED> (6,386,308)
<SHARES-REINVESTED> 34,070
<NET-CHANGE-IN-ASSETS> 16,775,315
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 174,387
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 420,144
<AVERAGE-NET-ASSETS> 17,486,655
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.80
<PER-SHARE-GAIN-APPREC> (2.24)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.39)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 8.17
<EXPENSE-RATIO> 2.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> Govett Pacific Strategy Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 14,350,696
<INVESTMENTS-AT-VALUE> 12,817,191
<RECEIVABLES> 302,414
<ASSETS-OTHER> 1,165,615
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,285,220
<PAYABLE-FOR-SECURITIES> 206,620
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 229,454
<TOTAL-LIABILITIES> 436,074
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,479,237
<SHARES-COMMON-STOCK> 1,575,038
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,106,834)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,523,257)
<NET-ASSETS> 13,849,146
<DIVIDEND-INCOME> 179,837
<INTEREST-INCOME> 63,068
<OTHER-INCOME> 0
<EXPENSES-NET> 521,113
<NET-INVESTMENT-INCOME> (278,208)
<REALIZED-GAINS-CURRENT> (1,115,896)
<APPREC-INCREASE-CURRENT> (1,523,257)
<NET-CHANGE-FROM-OPS> (2,917,361)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,101,258
<NUMBER-OF-SHARES-REDEEMED> (7,526,230)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13,849,046
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 208,445
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 553,585
<AVERAGE-NET-ASSETS> 20,901,811
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.18)
<PER-SHARE-GAIN-APPREC> (1.03)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 8.79
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Govett Funds, Inc.,
form N-SAR for the period ended December 31, 1994
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> Govett Latin America Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 7,657,406
<INVESTMENTS-AT-VALUE> 6,213,641
<RECEIVABLES> 145,733
<ASSETS-OTHER> 1,180,286
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,539,660
<PAYABLE-FOR-SECURITIES> 126,490
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 316,993
<TOTAL-LIABILITIES> 443,483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,821,608
<SHARES-COMMON-STOCK> 899,439
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (49,773)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (213,668)
<OVERDISTRIBUTION-GAINS> (189,215)
<ACCUM-APPREC-OR-DEPREC> (1,461,990)
<NET-ASSETS> 7,096,177
<DIVIDEND-INCOME> 82,015
<INTEREST-INCOME> 23,104
<OTHER-INCOME> 0
<EXPENSES-NET> 182,973
<NET-INVESTMENT-INCOME> (77,854)
<REALIZED-GAINS-CURRENT> 237,588
<APPREC-INCREASE-CURRENT> (1,461,990)
<NET-CHANGE-FROM-OPS> (1,302,256)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (237,588)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,072,545
<NUMBER-OF-SHARES-REDEEMED> (1,217,927)
<SHARES-REINVESTED> 44,821
<NET-CHANGE-IN-ASSETS> 7,096,177
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 73,186
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 244,882
<AVERAGE-NET-ASSETS> 8,964,076
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (1.53)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.89
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
