WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000880934
<NAME> REGIONS FUNDS
<SERIES>
<NUMBER> 032
<NAME> REGIONS GROWTH FUND - CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-2000
<PERIOD-END> May-31-2000
<INVESTMENTS-AT-COST> 494,872,920
<INVESTMENTS-AT-VALUE> 723,456,687
<RECEIVABLES> 10,291,357
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 191,050
<TOTAL-ASSETS> 733,939,094
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 665,857
<TOTAL-LIABILITIES> 665,857
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 486,107,470
<SHARES-COMMON-STOCK> 15,908,930
<SHARES-COMMON-PRIOR> 13,659,223
<ACCUMULATED-NII-CURRENT> (1,383,776)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19,965,776
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 228,583,767
<NET-ASSETS> 371,608,891
<DIVIDEND-INCOME> 2,075,379
<INTEREST-INCOME> 426,794
<OTHER-INCOME> 0
<EXPENSES-NET> (3,885,949)
<NET-INVESTMENT-INCOME> (1,383,776)
<REALIZED-GAINS-CURRENT> 20,121,071
<APPREC-INCREASE-CURRENT> (10,706,905)
<NET-CHANGE-FROM-OPS> 8,030,390
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (5,829,211)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,339,362
<NUMBER-OF-SHARES-REDEEMED> (1,282,441)
<SHARES-REINVESTED> 192,786
<NET-CHANGE-IN-ASSETS> 35,412,539
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,444,651
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,989,369
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,072,785
<AVERAGE-NET-ASSETS> 362,267,650
<PER-SHARE-NAV-BEGIN> 23.490
<PER-SHARE-NII> (0.060)
<PER-SHARE-GAIN-APPREC> 0.350
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.420)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.360
<EXPENSE-RATIO> 1.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
