<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874775
<NAME> IAI INVESTMENT FUNDS IV, INC.
<SERIES>
<NUMBER> 5
<NAME> IAI Balanced Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-30-1999
<PERIOD-END> MAR-31-2000
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<SHARES-COMMON-PRIOR> 2,354,785
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</TABLE>
