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 I
<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>		    282317205
<SHARES-COMMON-PRIOR>		    12666145
<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>		   3920480
<NUMBER-OF-SHARES-REDEEMED> (715345)
<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>		      278731463
<PER-SHARE-NAV-BEGIN>		     23.69
<PER-SHARE-NII>			          (0.24)
<PER-SHARE-GAIN-APPREC>		   (5.66)
<PER-SHARE-DIVIDEND>		      0.00
<PER-SHARE-DISTRIBUTIONS>	  0.00
<RETURNS-OF-CAPITAL>	      	0.00
<PER-SHARE-NAV-END>		       17.79
<EXPENSE-RATIO>		 	         1.68








</TABLE>


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