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<PAGE> PAGE 10
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
<PAGE> PAGE 41
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 Y
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 Y
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
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<PAGE> PAGE 42
072 I001000 57
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<PAGE> PAGE 43
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015 A001101 MARSHALL & ILSLEY TRUST COMPANY
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015 C021101 WI
015 C031101 53202
015 E031101 X
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015 B001102 S
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015 C021102 NY
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<PAGE> PAGE 44
028 D021100 33
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031 B001100 0
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037 001100 N
038 001100 0
039 001100 N
040 001100 N
041 001100 N
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042 C001100 0
042 D001100 0
042 E001100 0
042 F001100 0
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<PAGE> PAGE 45
048 E011100 0
048 E021100 0.000
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062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 98.1
062 P001100 0.0
062 Q001100 0.0
062 R001100 4.5
063 A001100 0
063 B001100 7.6
064 A001100 Y
064 B001100 N
066 A001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
<PAGE> PAGE 46
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
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<PAGE> PAGE 47
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008 A001301 M & I INVESTMENT MANAGEMENT CORP.
008 B001301 A
<PAGE> PAGE 48
008 C001301 801-000000
008 D011301 MILWAUKEE
008 D021301 WI
008 D031301 53202
008 A001302 BPI GLOBAL ASSET MANAGEMENT LLP
008 B001302 S
008 C001302 801-000000
008 D011302 ORLANDO
008 D021302 FL
008 D031302 32810
015 A001301 STATE STREET BANK AND TRUST COMPANY
015 B001301 C
015 C011301 BOSTON
015 C021301 MA
015 C031301 02171
015 E031301 X
015 A001302 CITIBANK N.A.
015 B001302 S
015 C011302 CARACAS
015 D011302 VENEZUELA
015 D021302 1010
015 E041302 X
015 A001303 CITIBANK N.A.
015 B001303 S
015 C011303 BUENOS AIRES
015 D011303 ARGENTINA
015 E041303 X
015 A001304 WESTPAC BANKING CORPORATION
015 B001304 S
015 C011304 SYDNEY
015 D011304 AUSTRALIA
015 D021304 2000
015 E041304 X
015 A001305 GIROCREDIT BANK AKTIENGELLSCHAFT DER SPARKASS
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015 C011305 VIENNA
015 D011305 AUSTRIA
015 E041305 X
015 A001306 GENERALE DE BANQUE
015 B001306 S
015 C011306 BRUSSELS
015 D011306 BELGIUM
015 E041306 X
015 A001307 CANADA TRUST COMPANY
015 B001307 S
015 C011307 TORONTO, ONTARIO
015 D011307 CANADA
015 D021307 M5J 2T2
015 E041307 X
015 A001308 CITIBANK, SANTIAGO BRANCH
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<PAGE> PAGE 49
015 C011308 SANTIAGO
015 D011308 CHILE
015 E041308 X
015 A001309 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B001309 S
015 C011309 SHANGHAI
015 D011309 CHINA
015 E041309 X
015 A001310 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B001310 S
015 C011310 SHENZHEN
015 D011310 CHINA
015 E041310 X
015 A001311 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B001311 S
015 C011311 BOGOTA
015 D011311 COLOMBIA
015 E041311 X
015 A001312 CESKOSLOVENSKA OBCHODNI BANKA AS
015 B001312 S
015 C011312 PRAQUE
015 D011312 CZECH REPUBLIC
015 E041312 X
015 A001313 DEN DANSKE BANK
015 B001313 S
015 C011313 COPENHAGEN
015 D011313 DENMARK
015 E041313 X
015 A001314 MERITA BANK LTD.
015 B001314 S
015 C011314 HELSINKI
015 D011314 FINLAND
015 E041314 X
015 A001315 BANQUE PARIBAS
015 B001315 S
015 C011315 PARIS
015 D011315 FRANCE
015 E041315 X
015 A001316 DRESDNER BANK AG, FRANKFURT MORGAN GUARANTY
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015 C011316 FRANKFURT
015 D011316 GERMANY
015 E041316 X
015 A001317 NATIONAL BANK OF GREECE
015 B001317 S
015 C011317 ATHIENS
015 D011317 GREECE
015 E041317 X
015 A001318 STANDARD CHARTERED BANK PLC
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<PAGE> PAGE 50
015 D011318 HONG KONG
015 E041318 X
015 A001319 CITIBANK BUDAPEST RD.
015 B001319 S
015 C011319 BUDAPEST
015 D011319 HUNGARY
015 E041319 X
015 A001320 HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B001320 S
015 C011320 BOMBAY
015 D011320 INDIA
015 D021320 400-001
015 E041320 X
015 A001321 STANDARD CHARTERED BANK PLC
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015 D011321 INDONESIA
015 D021321 10220
015 E041321 X
015 A001322 BANK OF IRELAND
015 B001322 S
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015 D011322 IRELAND
015 E041322 X
015 A001323 MORGAN GUARANTY TRUST CO. OF NY
015 B001323 S
015 C011323 MILAN
015 D011323 ITALY
015 E041323 X
015 A001324 SUMITOMO TRUST & BANKING CO., LTD.
015 B001324 S
015 C011324 TOKYO
015 D011324 JAPAN
015 E041324 X
015 A001325 STANDARD CHARTERED BANK MALAYSIA BERHAD
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015 C011325 50450 KUALA LUMPUR
015 D011325 MALAYSIA
015 E041325 X
015 A001326 CITIBANK MEXICO S.A.
015 B001326 S
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015 D021326 D.F. 06695
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015 A001327 MEES PIERSON N.V.
015 B001327 S
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015 D011327 NETHERLANDS
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<PAGE> PAGE 51
015 B001328 S
015 C011328 WELLINGTON
015 D011328 NEW ZEALAND
015 E041328 X
015 A001329 CHRISTIANIA BANK OG KREDITKASSE
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015 D011329 NORWAY
015 E041329 X
015 A001330 CITIBANK, N.A. LIMA
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015 C011330 LIMA 27
015 D011330 PERU
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015 A001331 STANDARD CHARTERED BANK PLC
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015 C011331 MANILA
015 D011331 THE PHILLIPPINES
015 E041331 X
015 A001332 STATE STREET BANK AND TRUST COMPANY
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015 C021332 MA
015 C031332 02171
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<PAGE> PAGE 52
015 D011337 SOUTH AFRICA
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<PAGE> PAGE 53
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<PAGE> PAGE 54
042 G001300 0
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<PAGE> PAGE 55
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
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069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
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070 D011300 Y
070 D021300 N
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070 E021300 N
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070 O021300 N
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070 Q021300 N
070 R011300 N
070 R021300 N
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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008 C001401 801-000000
008 D011401 MILWAUKEE
008 D021401 WI
008 D031401 53202
015 A001401 MARSHALL & ILSLEY TRUST COMPANY
015 B001401 C
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015 C021401 WI
015 C031401 53202
015 E031401 X
024 001400 N
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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062 E001400 0.0
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066 A001400 Y
066 B001400 N
066 C001400 Y
066 D001400 N
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
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<PAGE> PAGE 60
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 Y
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
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070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
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<PAGE> PAGE 61
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<PAGE> PAGE 62
074 Y001400 0
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SIGNATURE STEVE KEENE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 082
<NAME> Marshall Equity Income Fund - Class A Shares
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<EXPENSE-RATIO> 1.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
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 - Class Y Shares
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<EXPENSE-RATIO> 1.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall Government Income Fund - Class A Shares
<NAME> 012
<S> <C>
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<GROSS-ADVISORY-FEES> 1,198,956
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<EXPENSE-RATIO> 1.08
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall Government Income Fund - Class Y Shares
<NAME> 011
<S> <C>
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<EXPENSE-RATIO> 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 022
<NAME> Marshall Intermediate Bond Fund-Class A Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-2000
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<GROSS-ADVISORY-FEES> 1,790,909
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<GROSS-EXPENSE> 2,971,929
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
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 Class-Y Shares
<S> <C>
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<GROSS-ADVISORY-FEES> 1,790,909
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<GROSS-EXPENSE> 2,971,929
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<EXPENSE-RATIO> 0.71
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall International Stock Fund - Class A Shares
<NAME> 132
<S> <C>
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<OVERDISTRIB-NII-PRIOR> (129,507)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,784,787
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,641,835
<AVERAGE-NET-ASSETS> 791,904
<PER-SHARE-NAV-BEGIN> 13.830
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 6.400
<PER-SHARE-DIVIDEND> (0.170)
<PER-SHARE-DISTRIBUTIONS> (1.360)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.690
<EXPENSE-RATIO> 1.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall International Stock Fund - Class I Shares
<NAME> 133
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 324,597,326
<INVESTMENTS-AT-VALUE> 471,235,186
<RECEIVABLES> 10,433,621
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<PAYABLE-FOR-SECURITIES> 5,570,891
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<SHARES-COMMON-PRIOR> 0
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<ACCUMULATED-NET-GAINS> 25,640,865
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 146,523,886
<NET-ASSETS> 98,817,502
<DIVIDEND-INCOME> 733,730
<INTEREST-INCOME> 395,820
<OTHER-INCOME> 0
<EXPENSES-NET> (2,606,041)
<NET-INVESTMENT-INCOME> (1,476,491)
<REALIZED-GAINS-CURRENT> 28,526,633
<APPREC-INCREASE-CURRENT> 116,162,941
<NET-CHANGE-FROM-OPS> 143,213,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (821,256)
<DISTRIBUTIONS-OF-GAINS> (6,273,934)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,182,915
<NUMBER-OF-SHARES-REDEEMED> (279,606)
<SHARES-REINVESTED> 382,886
<NET-CHANGE-IN-ASSETS> 207,437,658
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 26,147,344
<OVERDISTRIB-NII-PRIOR> (129,507)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,784,787
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,641,835
<AVERAGE-NET-ASSETS> 59,213,207
<PER-SHARE-NAV-BEGIN> 13.830
<PER-SHARE-NII> (0.020)
<PER-SHARE-GAIN-APPREC> 6.420
<PER-SHARE-DIVIDEND> (0.180)
<PER-SHARE-DISTRIBUTIONS> (1.360)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.690
<EXPENSE-RATIO> 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall International Stock Fund - Class Y Shares
<NAME> 131
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 324,597,326
<INVESTMENTS-AT-VALUE> 471,235,186
<RECEIVABLES> 10,433,621
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<OTHER-ITEMS-ASSETS> 2,695,450
<TOTAL-ASSETS> 484,364,257
<PAYABLE-FOR-SECURITIES> 5,570,891
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 611,982
<TOTAL-LIABILITIES> 6,182,873
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 311,188,430
<SHARES-COMMON-STOCK> 20,226,035
<SHARES-COMMON-PRIOR> 19,540,635
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (5,171,797)
<ACCUMULATED-NET-GAINS> 25,640,865
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 146,523,886
<NET-ASSETS> 378,097,040
<DIVIDEND-INCOME> 733,730
<INTEREST-INCOME> 395,820
<OTHER-INCOME> 0
<EXPENSES-NET> (2,606,041)
<NET-INVESTMENT-INCOME> (1,476,491)
<REALIZED-GAINS-CURRENT> 28,526,633
<APPREC-INCREASE-CURRENT> 116,162,941
<NET-CHANGE-FROM-OPS> 143,213,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,736,198)
<DISTRIBUTIONS-OF-GAINS> (22,691,202)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,974,627
<NUMBER-OF-SHARES-REDEEMED> (20,610,937)
<SHARES-REINVESTED> 1,321,710
<NET-CHANGE-IN-ASSETS> 207,437,658
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 26,147,344
<OVERDISTRIB-NII-PRIOR> (129,507)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,784,787
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,641,835
<AVERAGE-NET-ASSETS> 298,913,587
<PER-SHARE-NAV-BEGIN> 13.830
<PER-SHARE-NII> (0.030)
<PER-SHARE-GAIN-APPREC> 6.410
<PER-SHARE-DIVIDEND> (0.160)
<PER-SHARE-DISTRIBUTIONS> (1.360)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.690
<EXPENSE-RATIO> 1.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 111
<NAME> Marshall Intermediate Tax-Free Fund
<S> <C>
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 100,817,454
<INVESTMENTS-AT-VALUE> 98,894,531
<RECEIVABLES> 1,531,636
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100,426,167
<PAYABLE-FOR-SECURITIES> 3,602,925
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 368,704
<TOTAL-LIABILITIES> 3,971,629
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99,985,401
<SHARES-COMMON-STOCK> 9,997,156
<SHARES-COMMON-PRIOR> 11,038,237
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,607,940)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,922,923)
<NET-ASSETS> 96,454,538
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,516,122
<OTHER-INCOME> 0
<EXPENSES-NET> (306,159)
<NET-INVESTMENT-INCOME> 2,209,963
<REALIZED-GAINS-CURRENT> (1,186,926)
<APPREC-INCREASE-CURRENT> (988,074)
<NET-CHANGE-FROM-OPS> 34,963
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,210,433)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 603,144
<NUMBER-OF-SHARES-REDEEMED> (1,660,383)
<SHARES-REINVESTED> 16,158
<NET-CHANGE-IN-ASSETS> (12,277,946)
<ACCUMULATED-NII-PRIOR> 470
<ACCUMULATED-GAINS-PRIOR> (421,014)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 305,162
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 554,308
<AVERAGE-NET-ASSETS> 102,279,408
<PER-SHARE-NAV-BEGIN> 9.850
<PER-SHARE-NII> 0.210
<PER-SHARE-GAIN-APPREC> (0.200)
<PER-SHARE-DIVIDEND> (0.210)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.650
<EXPENSE-RATIO> 0.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall Large-Cap Growth & Income Fund - Class A Shares
<NAME> 052
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 299,186,911
<INVESTMENTS-AT-VALUE> 442,793,215
<RECEIVABLES> 409,007
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 50,574,358
<TOTAL-ASSETS> 493,776,580
<PAYABLE-FOR-SECURITIES> 4,595,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 51,084,089
<TOTAL-LIABILITIES> 55,680,079
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 273,878,275
<SHARES-COMMON-STOCK> 109,607
<SHARES-COMMON-PRIOR> 52,182
<ACCUMULATED-NII-CURRENT> 285,453
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,326,469
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 143,606,304
<NET-ASSETS> 1,873,737
<DIVIDEND-INCOME> 2,137,583
<INTEREST-INCOME> 967,751
<OTHER-INCOME> 0
<EXPENSES-NET> (2,563,102)
<NET-INVESTMENT-INCOME> 542,232
<REALIZED-GAINS-CURRENT> 20,348,997
<APPREC-INCREASE-CURRENT> (6,476,501)
<NET-CHANGE-FROM-OPS> 14,414,728
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,291)
<DISTRIBUTIONS-OF-GAINS> (83,328)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 59,099
<NUMBER-OF-SHARES-REDEEMED> (6,539)
<SHARES-REINVESTED> 4,865
<NET-CHANGE-IN-ASSETS> 30,153,772
<ACCUMULATED-NII-PRIOR> 199,188
<ACCUMULATED-GAINS-PRIOR> 23,597,805
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,621,902
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,564,942
<AVERAGE-NET-ASSETS> 1,480,206
<PER-SHARE-NAV-BEGIN> 17.480
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.610
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.100
<EXPENSE-RATIO> 1.19
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall Large-Cap Growth & Income Fund - Class Y Shares
<NAME> 051
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 299,186,911
<INVESTMENTS-AT-VALUE> 442,793,215
<RECEIVABLES> 409,007
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 50,574,358
<TOTAL-ASSETS> 493,776,580
<PAYABLE-FOR-SECURITIES> 4,595,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 51,084,089
<TOTAL-LIABILITIES> 55,680,079
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 273,878,275
<SHARES-COMMON-STOCK> 25,517,362
<SHARES-COMMON-PRIOR> 23,288,775
<ACCUMULATED-NII-CURRENT> 285,453
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,326,469
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 143,606,304
<NET-ASSETS> 436,222,764
<DIVIDEND-INCOME> 2,137,583
<INTEREST-INCOME> 967,751
<OTHER-INCOME> 0
<EXPENSES-NET> (2,563,102)
<NET-INVESTMENT-INCOME> 542,232
<REALIZED-GAINS-CURRENT> 20,348,997
<APPREC-INCREASE-CURRENT> (6,476,501)
<NET-CHANGE-FROM-OPS> 14,414,728
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (454,676)
<DISTRIBUTIONS-OF-GAINS> (23,537,005)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,549,425
<NUMBER-OF-SHARES-REDEEMED> (1,654,751)
<SHARES-REINVESTED> 1,333,913
<NET-CHANGE-IN-ASSETS> 30,153,772
<ACCUMULATED-NII-PRIOR> 199,188
<ACCUMULATED-GAINS-PRIOR> 23,597,805
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,621,902
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,564,942
<AVERAGE-NET-ASSETS> 433,403,402
<PER-SHARE-NAV-BEGIN> 17.480
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.610
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> (0.990)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.100
<EXPENSE-RATIO> 1.19
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 092
<NAME> Marshall Mid-Cap Growth Fund-Class A Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 285,132,718
<INVESTMENTS-AT-VALUE> 522,923,071
<RECEIVABLES> 3,169,739
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 94,616,900
<TOTAL-ASSETS> 620,709,710
<PAYABLE-FOR-SECURITIES> 6,461,565
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95,155,142
<TOTAL-LIABILITIES> 101,616,707
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,924,018
<SHARES-COMMON-STOCK> 49,630
<SHARES-COMMON-PRIOR> 16,102
<ACCUMULATED-NII-CURRENT> (1,358,225)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 46,683,788
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 241,843,422
<NET-ASSETS> 1,391,161
<DIVIDEND-INCOME> 221,114
<INTEREST-INCOME> 668,881
<OTHER-INCOME> 0
<EXPENSES-NET> (2,248,220)
<NET-INVESTMENT-INCOME> (1,358,225)
<REALIZED-GAINS-CURRENT> 47,966,105
<APPREC-INCREASE-CURRENT> 174,978,138
<NET-CHANGE-FROM-OPS> 221,586,018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (59,592)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 31,043
<NUMBER-OF-SHARES-REDEEMED> (430)
<SHARES-REINVESTED> 2,915
<NET-CHANGE-IN-ASSETS> 221,565,646
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 27,420,326
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,402,620
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,249,129
<AVERAGE-NET-ASSETS> 729,912
<PER-SHARE-NAV-BEGIN> 17.280
<PER-SHARE-NII> (0.070)
<PER-SHARE-GAIN-APPREC> 12.510
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (1.690)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 28.030
<EXPENSE-RATIO> 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 091
<NAME> Marshall Mid-Cap Growth Fund-Class Y Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 285,132,718
<INVESTMENTS-AT-VALUE> 522,923,071
<RECEIVABLES> 3,169,739
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 94,616,900
<TOTAL-ASSETS> 620,709,710
<PAYABLE-FOR-SECURITIES> 6,461,565
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95,155,142
<TOTAL-LIABILITIES> 101,616,707
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,924,018
<SHARES-COMMON-STOCK> 18,468,229
<SHARES-COMMON-PRIOR> 17,204,222
<ACCUMULATED-NII-CURRENT> (1,358,225)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 46,683,788
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 241,843,422
<NET-ASSETS> 517,701,842
<DIVIDEND-INCOME> 221,114
<INTEREST-INCOME> 668,881
<OTHER-INCOME> 0
<EXPENSES-NET> (2,248,220)
<NET-INVESTMENT-INCOME> (1,358,225)
<REALIZED-GAINS-CURRENT> 47,966,105
<APPREC-INCREASE-CURRENT> 174,978,138
<NET-CHANGE-FROM-OPS> 221,586,018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (28,643,051)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,243,463
<NUMBER-OF-SHARES-REDEEMED> (4,363,310)
<SHARES-REINVESTED> 1,383,854
<NET-CHANGE-IN-ASSETS> 221,565,646
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 27,420,326
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,402,620
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,249,129
<AVERAGE-NET-ASSETS> 375,357,109
<PER-SHARE-NAV-BEGIN> 17.280
<PER-SHARE-NII> (0.070)
<PER-SHARE-GAIN-APPREC> 12.510
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (1.690)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 28.030
<EXPENSE-RATIO> 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 102
<NAME> Marshall Mid-Cap Value Fund - Class A Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 95,180,937
<INVESTMENTS-AT-VALUE> 95,919,439
<RECEIVABLES> 3,636,996
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 7,229,400
<TOTAL-ASSETS> 106,785,835
<PAYABLE-FOR-SECURITIES> 132,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,312,738
<TOTAL-LIABILITIES> 7,445,728
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,624,601
<SHARES-COMMON-STOCK> 72,788
<SHARES-COMMON-PRIOR> 31,192
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (17,066)
<ACCUMULATED-NET-GAINS> 2,932,311
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 800,261
<NET-ASSETS> 646,976
<DIVIDEND-INCOME> 802,998
<INTEREST-INCOME> 239,341
<OTHER-INCOME> 0
<EXPENSES-NET> (765,717)
<NET-INVESTMENT-INCOME> 276,622
<REALIZED-GAINS-CURRENT> 3,328,218
<APPREC-INCREASE-CURRENT> (15,648,314)
<NET-CHANGE-FROM-OPS> (12,043,474)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,133)
<DISTRIBUTIONS-OF-GAINS> (74,697)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,244
<NUMBER-OF-SHARES-REDEEMED> (5,561)
<SHARES-REINVESTED> 7,913
<NET-CHANGE-IN-ASSETS> (29,590,790)
<ACCUMULATED-NII-PRIOR> 171,218
<ACCUMULATED-GAINS-PRIOR> 14,050,377
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 438,990
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 766,420
<AVERAGE-NET-ASSETS> 565,154
<PER-SHARE-NAV-BEGIN> 11.400
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> (1.110)
<PER-SHARE-DIVIDEND> (0.040)
<PER-SHARE-DISTRIBUTIONS> (1.380)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.890
<EXPENSE-RATIO> 1.31
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 101
<NAME> Marshall Mid-Cap Value Fund - Class Y Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 95,180,937
<INVESTMENTS-AT-VALUE> 95,919,439
<RECEIVABLES> 3,636,996
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 7,229,400
<TOTAL-ASSETS> 106,785,835
<PAYABLE-FOR-SECURITIES> 132,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,312,738
<TOTAL-LIABILITIES> 7,445,728
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,624,601
<SHARES-COMMON-STOCK> 11,104,085
<SHARES-COMMON-PRIOR> 11,280,308
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (17,066)
<ACCUMULATED-NET-GAINS> 2,932,311
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 800,261
<NET-ASSETS> 98,693,131
<DIVIDEND-INCOME> 802,998
<INTEREST-INCOME> 239,341
<OTHER-INCOME> 0
<EXPENSES-NET> (765,717)
<NET-INVESTMENT-INCOME> 276,622
<REALIZED-GAINS-CURRENT> 3,328,218
<APPREC-INCREASE-CURRENT> (15,648,314)
<NET-CHANGE-FROM-OPS> (12,043,474)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (462,773)
<DISTRIBUTIONS-OF-GAINS> (14,371,587)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,075,605
<NUMBER-OF-SHARES-REDEEMED> (2,735,969)
<SHARES-REINVESTED> 1,484,141
<NET-CHANGE-IN-ASSETS> (29,590,790)
<ACCUMULATED-NII-PRIOR> 171,218
<ACCUMULATED-GAINS-PRIOR> 14,050,377
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 438,990
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 766,420
<AVERAGE-NET-ASSETS> 117,127,645
<PER-SHARE-NAV-BEGIN> 11.400
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> (1.110)
<PER-SHARE-DIVIDEND> (0.040)
<PER-SHARE-DISTRIBUTIONS> (1.380)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.890
<EXPENSE-RATIO> 1.31
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall Money Market Fund - Class A Shares
<NAME> 032
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 1,892,283,185
<INVESTMENTS-AT-VALUE> 1,892,283,185
<RECEIVABLES> 14,369,925
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,906,653,110
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,108,876
<TOTAL-LIABILITIES> 10,108,876
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,896,544,234
<SHARES-COMMON-STOCK> 160,532,446
<SHARES-COMMON-PRIOR> 118,352,290
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 160,532,446
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 52,864,731
<OTHER-INCOME> 0
<EXPENSES-NET> (3,875,959)
<NET-INVESTMENT-INCOME> 48,988,772
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 48,988,772
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,541,938)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 363,912,613
<NUMBER-OF-SHARES-REDEEMED> (324,578,591)
<SHARES-REINVESTED> 2,846,134
<NET-CHANGE-IN-ASSETS> 114,452,027
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,513,359
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,132,638
<AVERAGE-NET-ASSETS> 136,890,005
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.030)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.71
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> Marshall Money Market Fund - Class Y Shares
<NAME> 031
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 1,892,283,185
<INVESTMENTS-AT-VALUE> 1,892,283,185
<RECEIVABLES> 14,369,925
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,906,653,110
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,108,876
<TOTAL-LIABILITIES> 10,108,876
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,896,544,234
<SHARES-COMMON-STOCK> 1,736,011,788
<SHARES-COMMON-PRIOR> 1,663,739,917
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,736,011,788
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 52,864,731
<OTHER-INCOME> 0
<EXPENSES-NET> (3,875,959)
<NET-INVESTMENT-INCOME> 48,988,772
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 48,988,772
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (45,446,834)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,718,516,958
<NUMBER-OF-SHARES-REDEEMED> (2,655,151,292)
<SHARES-REINVESTED> 8,906,205
<NET-CHANGE-IN-ASSETS> 114,452,027
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,513,359
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,132,638
<AVERAGE-NET-ASSETS> 1,678,368,843
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.030)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.41
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 142
<NAME> Marshall Small-Cap Growth Fund-Class A Shares
<S> <C>
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 93,488,339
<INVESTMENTS-AT-VALUE> 172,153,892
<RECEIVABLES> 303,585
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11,272
<TOTAL-ASSETS> 172,468,749
<PAYABLE-FOR-SECURITIES> 19,200
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 227,389
<TOTAL-LIABILITIES> 246,589
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,502,376
<SHARES-COMMON-STOCK> 62,443
<SHARES-COMMON-PRIOR> 31,810
<ACCUMULATED-NII-CURRENT> (676,022)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,904,905
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 80,490,901
<NET-ASSETS> 1,341,805
<DIVIDEND-INCOME> 48,200
<INTEREST-INCOME> 312,449
<OTHER-INCOME> 0
<EXPENSES-NET> (1,036,671)
<NET-INVESTMENT-INCOME> (676,022)
<REALIZED-GAINS-CURRENT> 3,533,131
<APPREC-INCREASE-CURRENT> 75,454,526
<NET-CHANGE-FROM-OPS> 78,311,635
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (19,849)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 37,211
<NUMBER-OF-SHARES-REDEEMED> (7,882)
<SHARES-REINVESTED> 1,304
<NET-CHANGE-IN-ASSETS> 68,836,492
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,704,418
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 634,601
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,037,597
<AVERAGE-NET-ASSETS> 745,071
<PER-SHARE-NAV-BEGIN> 12.380
<PER-SHARE-NII> (0.080)
<PER-SHARE-GAIN-APPREC> 9.600
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.410)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 21.490
<EXPENSE-RATIO> 1.63
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 141
<NAME> Marshall Small-Cap Growth Fund-Class Y shares
<S> <C>
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 93,488,339
<INVESTMENTS-AT-VALUE> 172,153,892
<RECEIVABLES> 303,585
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 11,272
<TOTAL-ASSETS> 172,468,749
<PAYABLE-FOR-SECURITIES> 19,200
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 227,389
<TOTAL-LIABILITIES> 246,589
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,502,376
<SHARES-COMMON-STOCK> 7,952,127
<SHARES-COMMON-PRIOR> 8,319,738
<ACCUMULATED-NII-CURRENT> (676,022)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,904,905
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 80,490,901
<NET-ASSETS> 170,880,355
<DIVIDEND-INCOME> 48,200
<INTEREST-INCOME> 312,449
<OTHER-INCOME> 0
<EXPENSES-NET> (1,036,671)
<NET-INVESTMENT-INCOME> (676,022)
<REALIZED-GAINS-CURRENT> 3,533,131
<APPREC-INCREASE-CURRENT> 75,454,526
<NET-CHANGE-FROM-OPS> 78,311,635
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,312,795)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,554,343
<NUMBER-OF-SHARES-REDEEMED> (3,137,939)
<SHARES-REINVESTED> 215,985
<NET-CHANGE-IN-ASSETS> 68,836,492
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,704,418
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 634,601
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,037,597
<AVERAGE-NET-ASSETS> 126,872,547
<PER-SHARE-NAV-BEGIN> 12.380
<PER-SHARE-NII> (0.080)
<PER-SHARE-GAIN-APPREC> 9.600
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.410)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 21.490
<EXPENSE-RATIO> 1.63
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000889366
<NAME> Marshall Funds, Inc.
<SERIES>
<NUMBER> 041
<NAME> Marshall Short-Term Income Fund
<S> <C>
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-END> Feb-29-2000
<INVESTMENTS-AT-COST> 138,160,572
<INVESTMENTS-AT-VALUE> 135,536,078
<RECEIVABLES> 1,438,960
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 136,975,038
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 850,970
<TOTAL-LIABILITIES> 850,970
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 144,073,777
<SHARES-COMMON-STOCK> 14,584,832
<SHARES-COMMON-PRIOR> 14,348,192
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,325,215)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,624,494)
<NET-ASSETS> 136,124,068
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,664,772
<OTHER-INCOME> 0
<EXPENSES-NET> (346,962)
<NET-INVESTMENT-INCOME> 4,317,810
<REALIZED-GAINS-CURRENT> (237,098)
<APPREC-INCREASE-CURRENT> (881,456)
<NET-CHANGE-FROM-OPS> 3,199,256
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,293,081)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,304,701
<NUMBER-OF-SHARES-REDEEMED> (6,283,117)
<SHARES-REINVESTED> 215,056
<NET-CHANGE-IN-ASSETS> 1,181,462
<ACCUMULATED-NII-PRIOR> (24,729)
<ACCUMULATED-GAINS-PRIOR> (5,088,117)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 414,856
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 741,075
<AVERAGE-NET-ASSETS> 139,045,303
<PER-SHARE-NAV-BEGIN> 9.400
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.070)
<PER-SHARE-DIVIDEND> (0.290)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.330
<EXPENSE-RATIO> 0.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
