NICHOLAS APPLEGATE INSTITUTIONAL FUNDS
NSAR-A, EX-27, 2000-11-22
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>




<ARTICLE>			6
<SERIES>
<NUMBER>			8
<NAME>				EMERGING COUNTRIES FUND - CLASS R
<MULTIPLIER>    1

<S>								<C>
<PERIOD-TYPE>			6-MOS
<FISCAL-YEAR-END>		Mar-31-2001
<PERIOD-START>			Apr-01-2000
<PERIOD-END>			Sept-30-2000
<INVESTMENTS-AT-COST>		270987190
<INVESTMENTS-AT-VALUE>		281305466
<RECEIVABLES>			45075235
<ASSETS-OTHER>			27829
<OTHER-ITEMS-ASSETS>		0
<TOTAL-ASSETS>			326408530
<PAYABLE-FOR-SECURITIES>	19824711
<SENIOR-LONG-TERM-DEBT>		0
<OTHER-ITEMS-LIABILITIES>	24266443
<TOTAL-LIABILITIES>		44091154
<SENIOR-EQUITY>			0
<PAID-IN-CAPITAL-COMMON>	274439084
<SHARES-COMMON-STOCK>		171
<SHARES-COMMON-PRIOR>		28
<ACCUMULATED-NII-CURRENT>	359306
<OVERDISTRIBUTION-NII>		0
<ACCUMULATED-NET-GAINS>		0
<OVERDISTRIBUTION-GAINS>	2764201
<ACCUM-APPREC-OR-DEPREC>	10283187
<NET-ASSETS>			282317376
<DIVIDEND-INCOME>		1382926
<INTEREST-INCOME>		494627
<OTHER-INCOME>			171391
<EXPENSES-NET>			2338078
<NET-INVESTMENT-INCOME>		(289134)
<REALIZED-GAINS-CURRENT>	(25860022)
<APPREC-INCREASE-CURRENT>	(56214316)
<NET-CHANGE-FROM-OPS>		(82363472)
<EQUALIZATION>			0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>		0
<NUMBER-OF-SHARES-SOLD>		0
<NUMBER-OF-SHARES-REDEEMED>	(18)
<SHARES-REINVESTED>		0
<NET-CHANGE-IN-ASSETS>		(17767931)
<ACCUMULATED-NII-PRIOR>		0
<ACCUMULATED-GAINS-PRIOR>	24608301
<OVERDISTRIB-NII-PRIOR>		864040
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>		1730843
<INTEREST-EXPENSE>		35682
<GROSS-EXPENSE>			2376632
<AVERAGE-NET-ASSETS>		359
<PER-SHARE-NAV-BEGIN>		23.67
<PER-SHARE-NII>			(0.34)
<PER-SHARE-GAIN-APPREC>		(5.62)
<PER-SHARE-DIVIDEND>		0.00
<PER-SHARE-DISTRIBUTIONS>	0.00
<RETURNS-OF-CAPITAL>		0.00
<PER-SHARE-NAV-END>		17.71
<EXPENSE-RATIO>		 	1.90








</TABLE>


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