<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> LAUREATE FUND - INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 42,034,078
<INVESTMENTS-AT-VALUE> 50,213,114
<RECEIVABLES> 4,559,643
<ASSETS-OTHER> 5,834
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54,778,591
<PAYABLE-FOR-SECURITIES> 5,000,302
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 177,788
<TOTAL-LIABILITIES> 5,178,090
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,841,115
<SHARES-COMMON-STOCK> 72,600
<SHARES-COMMON-PRIOR> 63,705
<ACCUMULATED-NII-CURRENT> (288,112)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,131,538)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,179,036
<NET-ASSETS> 1,364,609
<DIVIDEND-INCOME> 36,053
<INTEREST-INCOME> 149,473
<OTHER-INCOME> 0
<EXPENSES-NET> 359,829
<NET-INVESTMENT-INCOME> (401,921)
<REALIZED-GAINS-CURRENT> 810,523
<APPREC-INCREASE-CURRENT> (611,409)
<NET-CHANGE-FROM-OPS> (202,807)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (51,187)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 180,558
<NUMBER-OF-SHARES-REDEEMED> (57,859)
<SHARES-REINVESTED> 51,187
<NET-CHANGE-IN-ASSETS> 16,046,417
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,056
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 233,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 359,829
<AVERAGE-NET-ASSETS> 1,335,380
<PER-SHARE-NAV-BEGIN> 19.30
<PER-SHARE-NII> (0.30)
<PER-SHARE-GAIN-APPREC> 0.60
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.80)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.80
<EXPENSE-RATIO> 1.53
</TABLE>
