<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>032
<NAME>TREASURY 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> 351,065,220
<INVESTMENTS-AT-VALUE> 351,065,220
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 351,065,220
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 304,476
<TOTAL-LIABILITIES> 304,476
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 350,753,715
<SHARES-COMMON-STOCK> 30,474,555
<SHARES-COMMON-PRIOR> 55,129,247
<ACCUMULATED-NII-CURRENT> 12,850
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,821
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 350,760,744
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 18,061,528
<OTHER-INCOME> (403,815)
<EXPENSES-NET> 2,003,785
<NET-INVESTMENT-INCOME> 15,653,928
<REALIZED-GAINS-CURRENT> 194
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 15,654,122
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,266,106
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 750,398,342
<NUMBER-OF-SHARES-REDEEMED> 775,928,350
<SHARES-REINVESTED> 875,322
<NET-CHANGE-IN-ASSETS> 63,002,668
<ACCUMULATED-NII-PRIOR> 12,848
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 6,015
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,107,794
<AVERAGE-NET-ASSETS> 312,045,945
<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> .45
</TABLE>
