<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000897111
<NAME> VALUE EQUITY FUND
<SERIES>
<NUMBER> 021
<NAME> VALUE EQUITY FUND CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> OCT-31-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 26,844,350
<INVESTMENTS-AT-VALUE> 25,199,101
<RECEIVABLES> 188,222
<ASSETS-OTHER> 996,162
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,383,485
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,730
<TOTAL-LIABILITIES> 104,730
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,161,669
<SHARES-COMMON-STOCK> 1,382,870
<SHARES-COMMON-PRIOR> 1,514,145
<ACCUMULATED-NII-CURRENT> 53,856
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,708,479
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,645,249)
<NET-ASSETS> 26,278,755
<DIVIDEND-INCOME> 290,636
<INTEREST-INCOME> 24,613
<OTHER-INCOME> 0
<EXPENSES-NET> 233,161
<NET-INVESTMENT-INCOME> 82,088
<REALIZED-GAINS-CURRENT> 2,713,403
<APPREC-INCREASE-CURRENT> (1,032,948)
<NET-CHANGE-FROM-OPS> 1,762,543
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 83,002
<DISTRIBUTIONS-OF-GAINS> 621,966
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 179,693
<NUMBER-OF-SHARES-REDEEMED> 349,069
<SHARES-REINVESTED> 38,101
<NET-CHANGE-IN-ASSETS> (1,283,384)
<ACCUMULATED-NII-PRIOR> 54,770
<ACCUMULATED-GAINS-PRIOR> 617,042
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 96,926
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 98,891
<AVERAGE-NET-ASSETS> 13,715,136
<PER-SHARE-NAV-BEGIN> 18.33
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 1.24
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> 0.42
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.12
<EXPENSE-RATIO> 1.45
</TABLE>
