PIC INVESTMENT TRUST
NSAR-A, EX-27, 2000-06-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000882129
<NAME> PIC INVESTMENT TRUST
<SERIES>
   <NUMBER> 1
   <NAME> PROV. INVESTMENT COUNSEL BALANCED FUND A
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-START>                             NOV-01-1999
<PERIOD-END>                               APR-30-2000
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                        37219645
<RECEIVABLES>                                    25966
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                              1493
<TOTAL-ASSETS>                                37247104
<PAYABLE-FOR-SECURITIES>                          4284
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        58069
<TOTAL-LIABILITIES>                              62353
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      28585527
<SHARES-COMMON-STOCK>                          2244388
<SHARES-COMMON-PRIOR>                          1734395
<ACCUMULATED-NII-CURRENT>                     (196194)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3664376
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       5131042
<NET-ASSETS>                                  37184751
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                  273857
<EXPENSES-NET>                                   45908
<NET-INVESTMENT-INCOME>                         227949
<REALIZED-GAINS-CURRENT>                       3691169
<APPREC-INCREASE-CURRENT>                      1433484
<NET-CHANGE-FROM-OPS>                          5352602
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       466868
<DISTRIBUTIONS-OF-GAINS>                       7921430
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         196550
<NUMBER-OF-SHARES-REDEEMED>                     199157
<SHARES-REINVESTED>                             512600
<NET-CHANGE-IN-ASSETS>                         4843843
<ACCUMULATED-NII-PRIOR>                          42725
<ACCUMULATED-GAINS-PRIOR>                      7894637
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 172798
<AVERAGE-NET-ASSETS>                          36927992
<PER-SHARE-NAV-BEGIN>                            18.65
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           2.62
<PER-SHARE-DIVIDEND>                              0.26
<PER-SHARE-DISTRIBUTIONS>                         4.59
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.57
<EXPENSE-RATIO>                                   1.05


</TABLE>


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