MARSHALL FUNDS INC
NSAR-B, EX-27, 2000-10-27
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000889366
<NAME>                            Marshall Funds, Inc.
<SERIES>
     <NUMBER>                     081
     <NAME>                       Marshall Equity Income Fund - Investor Class of Shares

<S>                               <C>
<PERIOD-TYPE>                     12-MOS
<FISCAL-YEAR-END>                 Aug-31-2000
<PERIOD-END>                      Aug-31-2000
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<INVESTMENTS-AT-VALUE>            425,828,021
<RECEIVABLES>                     1,349,059
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              31,245,100
<TOTAL-ASSETS>                    458,422,180
<PAYABLE-FOR-SECURITIES>          0
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<OTHER-ITEMS-LIABILITIES>         32,496,572
<TOTAL-LIABILITIES>               32,496,572
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          344,155,111
<SHARES-COMMON-STOCK>             28,984,750
<SHARES-COMMON-PRIOR>             32,160,739
<ACCUMULATED-NII-CURRENT>         148,702
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           277,228
<OVERDISTRIBUTION-GAINS>          0
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<DIVIDEND-INCOME>                 11,519,173
<INTEREST-INCOME>                 1,020,407
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (5,397,809)
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<APPREC-INCREASE-CURRENT>         (26,557,016)
<NET-CHANGE-FROM-OPS>             (19,137,807)
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (7,232,301)
<DISTRIBUTIONS-OF-GAINS>          (42,937,425)
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           3,417,554
<NUMBER-OF-SHARES-REDEEMED>       (9,715,372)
<SHARES-REINVESTED>               3,121,829
<NET-CHANGE-IN-ASSETS>            (112,124,620)
<ACCUMULATED-NII-PRIOR>           260,171
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<OVERDISTRIB-NII-PRIOR>           0
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<GROSS-ADVISORY-FEES>             3,473,234
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   5,401,506
<AVERAGE-NET-ASSETS>              461,619,045
<PER-SHARE-NAV-BEGIN>             16.710
<PER-SHARE-NII>                   0.230
<PER-SHARE-GAIN-APPREC>           (0.730)
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<PER-SHARE-DISTRIBUTIONS>         (1.360)
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               14.620
<EXPENSE-RATIO>                   1.16
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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