LIQUID INSTITUTIONAL RESERVES
NSAR-B, EX-27, 2000-06-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000872475
<NAME> LIQUID INSTITUTIONAL RESERVES
<SERIES>
   <NUMBER> 01
   <NAME> MONEY MARKET FUND-INSTITUTIONAL
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-START>                             MAY-01-1999
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                        1,837,728
<INVESTMENTS-AT-VALUE>                       1,837,728
<RECEIVABLES>                                    7,243
<ASSETS-OTHER>                                     522
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,845,493
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        9,380
<TOTAL-LIABILITIES>                              9,380
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,836,113
<SHARES-COMMON-STOCK>                        1,836,113
<SHARES-COMMON-PRIOR>                        2,036,380
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              1
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               98,667
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<EXPENSES-NET>                                  (4,968)
<NET-INVESTMENT-INCOME>                         93,699
<REALIZED-GAINS-CURRENT>                             1
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<NET-CHANGE-FROM-OPS>                           93,700
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (93,698)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0

<NUMBER-OF-SHARES-SOLD>                     12,555,685
<NUMBER-OF-SHARES-REDEEMED>                (12,844,887)
<SHARES-REINVESTED>                             88,935
<NET-CHANGE-IN-ASSETS>                        (200,265)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           (1)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            4,449
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  5,339
<AVERAGE-NET-ASSETS>                         1,779,758
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.053
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.053)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.28
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0




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