<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 895430
<NAME> PILGRIM BALANCED FUND
<SERIES>
<NUMBER> 102
<NAME> CLASS B
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-2000
<PERIOD-END> JUN-01-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 136411
<INVESTMENTS-AT-VALUE> 141005
<RECEIVABLES> 21181
<ASSETS-OTHER> 105
<OTHER-ITEMS-ASSETS> 51
<TOTAL-ASSETS> 162343
<PAYABLE-FOR-SECURITIES> 20326
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 377
<TOTAL-LIABILITIES> 20703
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129061
<SHARES-COMMON-STOCK> 2549
<SHARES-COMMON-PRIOR> 461
<ACCUMULATED-NII-CURRENT> 969
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7016
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4594
<NET-ASSETS> 141639
<DIVIDEND-INCOME> 624
<INTEREST-INCOME> 2270
<OTHER-INCOME> 0
<EXPENSES-NET> 1149
<NET-INVESTMENT-INCOME> 1745
<REALIZED-GAINS-CURRENT> 10482
<APPREC-INCREASE-CURRENT> (17791)
<NET-CHANGE-FROM-OPS> (5565)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 793
<DISTRIBUTIONS-OF-GAINS> 7356
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2500
<NUMBER-OF-SHARES-REDEEMED> 386
<SHARES-REINVESTED> 88
<NET-CHANGE-IN-ASSETS> 103343
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 24930
<OVERDIST-NET-GAINS-PRIOR> 413
<GROSS-ADVISORY-FEES> 477
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1330
<AVERAGE-NET-ASSETS> 16209
<PER-SHARE-NAV-BEGIN> 20.59
<PER-SHARE-NII> .44
<PER-SHARE-GAIN-APPREC> (.64)
<PER-SHARE-DIVIDEND> .33
<PER-SHARE-DISTRIBUTIONS> 3.97
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.09
<EXPENSE-RATIO> 2.05
</TABLE>