<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> COLUMBIA REAL ESTATE EQUITY FUND II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 993,731
<INVESTMENTS-AT-VALUE> 1,023,583
<RECEIVABLES> 48,184
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 5,877
<TOTAL-ASSETS> 1,077,644
<PAYABLE-FOR-SECURITIES> 49,283
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,945
<TOTAL-LIABILITIES> 60,228
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,058,970
<SHARES-COMMON-STOCK> 112,754
<SHARES-COMMON-PRIOR> 121,635
<ACCUMULATED-NII-CURRENT> 3,976
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 75,382
<ACCUM-APPREC-OR-DEPREC> 29,852
<NET-ASSETS> 1,017,416
<DIVIDEND-INCOME> 28,539
<INTEREST-INCOME> 273
<OTHER-INCOME> 0
<EXPENSES-NET> 8,274
<NET-INVESTMENT-INCOME> 20,538
<REALIZED-GAINS-CURRENT> (34,549)
<APPREC-INCREASE-CURRENT> 143,201
<NET-CHANGE-FROM-OPS> 129,190
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (19,376)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,794
<NUMBER-OF-SHARES-REDEEMED> 18,654
<SHARES-REINVESTED> 1,979
<NET-CHANGE-IN-ASSETS> 34,511
<ACCUMULATED-NII-PRIOR> 2,814
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 40,833
<GROSS-ADVISORY-FEES> 3,644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27,922
<AVERAGE-NET-ASSETS> 977,925
<PER-SHARE-NAV-BEGIN> 8.08
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.93
<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.02
<EXPENSE-RATIO> 1.70
</TABLE>
