WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 021
<NAME> Marshall Intermediate Bond Fund - Investor Class of Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Aug-31-2000
<INVESTMENTS-AT-COST> 659,470,927
<INVESTMENTS-AT-VALUE> 647,165,440
<RECEIVABLES> 7,162,621
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 111,597,755
<TOTAL-ASSETS> 765,925,816
<PAYABLE-FOR-SECURITIES> 34,984,047
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115,993,408
<TOTAL-LIABILITIES> 150,977,455
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 655,668,618
<SHARES-COMMON-STOCK> 66,946,458
<SHARES-COMMON-PRIOR> 65,293,283
<ACCUMULATED-NII-CURRENT> (5,988)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (28,408,782)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (12,305,487)
<NET-ASSETS> 612,979,676
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 42,241,484
<OTHER-INCOME> 0
<EXPENSES-NET> (4,249,492)
<NET-INVESTMENT-INCOME> 37,991,992
<REALIZED-GAINS-CURRENT> (3,684,098)
<APPREC-INCREASE-CURRENT> 2,420,621
<NET-CHANGE-FROM-OPS> 36,728,515
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,717,011)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,982,279
<NUMBER-OF-SHARES-REDEEMED> (13,102,959)
<SHARES-REINVESTED> 1,773,855
<NET-CHANGE-IN-ASSETS> 15,025,219
<ACCUMULATED-NII-PRIOR> (186,462)
<ACCUMULATED-GAINS-PRIOR> (24,724,684)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,614,062
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,996,599
<AVERAGE-NET-ASSETS> 600,789,977
<PER-SHARE-NAV-BEGIN> 9.170
<PER-SHARE-NII> 0.570
<PER-SHARE-GAIN-APPREC> (0.010)
<PER-SHARE-DIVIDEND> (0.570)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.160
<EXPENSE-RATIO> 0.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>