<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>021
<NAME>CASH FUND UNIVERSAL
<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> 1,929,658,381
<INVESTMENTS-AT-VALUE> 1,929,658,381
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,929,658,381
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,413,017
<TOTAL-LIABILITIES> 1,413,017
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,928,270,080
<SHARES-COMMON-STOCK> 70,451,176
<SHARES-COMMON-PRIOR> 98,705,805
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 24,716
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,928,245,364
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 99,882,365
<OTHER-INCOME> (1,833,844)
<EXPENSES-NET> 8,798,058
<NET-INVESTMENT-INCOME> 89,250,423
<REALIZED-GAINS-CURRENT> (5,573)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 89,244,850
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,465,977
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,785,175,725
<NUMBER-OF-SHARES-REDEEMED> 1,817,278,026
<SHARES-REINVESTED> 3,847,672
<NET-CHANGE-IN-ASSETS> 990,710,525
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 19,143
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,965,145
<AVERAGE-NET-ASSETS> 1,621,742,900
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .06
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .20
</TABLE>
