PREFERRED GROUP OF MUTUAL FUNDS
NSAR-B, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885414
<NAME> THE PREFERRED GROUP OF MUTUAL FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> PREFERRED GROWTH FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             JUL-01-1999
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                      583,651,663
<INVESTMENTS-AT-VALUE>                     841,261,442
<RECEIVABLES>                                9,207,447
<ASSETS-OTHER>                                   4,527
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             850,473,416
<PAYABLE-FOR-SECURITIES>                     1,930,731
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,627,001
<TOTAL-LIABILITIES>                          5,557,732
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   455,049,940
<SHARES-COMMON-STOCK>                       31,972,277
<SHARES-COMMON-PRIOR>                       29,122,871
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    132,255,965
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   257,609,779
<NET-ASSETS>                               844,915,684
<DIVIDEND-INCOME>                            3,232,026
<INTEREST-INCOME>                              834,862
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,432,182
<NET-INVESTMENT-INCOME>                     (2,365,294)
<REALIZED-GAINS-CURRENT>                   169,909,461
<APPREC-INCREASE-CURRENT>                   29,437,309
<NET-CHANGE-FROM-OPS>                      196,981,476
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                    88,296,267
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,938,690
<NUMBER-OF-SHARES-REDEEMED>                 10,656,147
<SHARES-REINVESTED>                          3,566,863
<NET-CHANGE-IN-ASSETS>                     178,512,985
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   53,008,065
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,722,528
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,383,528
<AVERAGE-NET-ASSETS>                       765,052,355
<PER-SHARE-NAV-BEGIN>                            22.88
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           6.64
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         3.09
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              26.43
<EXPENSE-RATIO>                                   0.83


</TABLE>


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