<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS ANNUAL REPORT DATED August 31, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER>012
<NAME>GOVERNMENT CASH FUND INSTITUTIONAL
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-START> SEP-01-1999
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 663,584,841
<INVESTMENTS-AT-VALUE> 663,584,841
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 663,584,841
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,378,788
<TOTAL-LIABILITIES> 1,378,788
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 662,286,147
<SHARES-COMMON-STOCK> 400,446,432
<SHARES-COMMON-PRIOR> 455,269,485
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 34,950
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 45,144
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 662,206,053
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 47,803,085
<OTHER-INCOME> (940,201)
<EXPENSES-NET> 2,784,011
<NET-INVESTMENT-INCOME> 44,078,873
<REALIZED-GAINS-CURRENT> 2,735
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 44,081,608
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 29,512,239
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,040,262,664
<NUMBER-OF-SHARES-REDEEMED> 4,118,258,360
<SHARES-REINVESTED> 23,172,643
<NET-CHANGE-IN-ASSETS> (70,581,412)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 34,950
<OVERDIST-NET-GAINS-PRIOR> 47,879
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,912,194
<AVERAGE-NET-ASSETS> 805,760,007
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .57
</TABLE>
