WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000880934
<NAME> REGIONS FUNDS
<SERIES>
<NUMBER> 052
<NAME> REGIONS VALUE FUND - CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-2000
<PERIOD-END> May-31-2000
<INVESTMENTS-AT-COST> 276,755,561
<INVESTMENTS-AT-VALUE> 291,876,321
<RECEIVABLES> 839,620
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 292,715,941
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 321,362
<TOTAL-LIABILITIES> 321,362
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 277,480,190
<SHARES-COMMON-STOCK> 5,291,814
<SHARES-COMMON-PRIOR> 4,858,460
<ACCUMULATED-NII-CURRENT> 431,150
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (637,521)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,120,760
<NET-ASSETS> 81,080,486
<DIVIDEND-INCOME> 2,757,932
<INTEREST-INCOME> 256,121
<OTHER-INCOME> 0
<EXPENSES-NET> (1,445,480)
<NET-INVESTMENT-INCOME> 1,568,573
<REALIZED-GAINS-CURRENT> 152,921
<APPREC-INCREASE-CURRENT> (775,319)
<NET-CHANGE-FROM-OPS> 946,175
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (347,279)
<DISTRIBUTIONS-OF-GAINS> (2,664,383)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,269,293
<NUMBER-OF-SHARES-REDEEMED> (968,025)
<SHARES-REINVESTED> 132,086
<NET-CHANGE-IN-ASSETS> 9,871,922
<ACCUMULATED-NII-PRIOR> 343,668
<ACCUMULATED-GAINS-PRIOR> 8,898,100
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,126,565
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,515,890
<AVERAGE-NET-ASSETS> 79,310,264
<PER-SHARE-NAV-BEGIN> 15.920
<PER-SHARE-NII> 0.070
<PER-SHARE-GAIN-APPREC> (0.060)
<PER-SHARE-DIVIDEND> (0.070)
<PER-SHARE-DISTRIBUTIONS> (0.540)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.320
<EXPENSE-RATIO> 1.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
