<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884122
<NAME> PHOENIX MULTI-SECTOR SHORT TERM BOND FUND
<SERIES>
<NUMBER> 002
<NAME> CLASS B
<MULTIPLIER> 1000
<S> <C>
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<OVERDISTRIBUTION-GAINS> (4056)
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<APPREC-INCREASE-CURRENT> (78)
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<NUMBER-OF-SHARES-REDEEMED> (528)
<SHARES-REINVESTED> 55
<NET-CHANGE-IN-ASSETS> (1320)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (4)
<OVERDIST-NET-GAINS-PRIOR> (3617)
<GROSS-ADVISORY-FEES> 116
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<GROSS-EXPENSE> 323
<AVERAGE-NET-ASSETS> 42260
<PER-SHARE-NAV-BEGIN> 4.56
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<EXPENSE-RATIO> 1.50
</TABLE>
