ALLEGHANY FUNDS
NSAR-B, EX-27, 2000-12-29
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<TABLE> <S> <C>

<ARTICLE>                                6
<SERIES>
<NUMBER>                                 021
<NAME>                                   Bond Fund-Class N

<S>                                      <C>
<PERIOD-TYPE>                            YEAR
<FISCAL-YEAR-END>                        OCT-31-2000
<PERIOD-START>                           OCT-31-1999
<PERIOD-END>                             OCT-31-2000
<INVESTMENTS-AT-COST>                                      153,853,192
<INVESTMENTS-AT-VALUE>                                     152,220,076
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<PAYABLE-FOR-SECURITIES>                                       142,835
<SENIOR-LONG-TERM-DEBT>                                              0
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<SENIOR-EQUITY>                                                      0
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<DIVIDEND-INCOME>                                                    0
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<OTHER-INCOME>                                                       0
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<REALIZED-GAINS-CURRENT>                                    (2,022,183)
<APPREC-INCREASE-CURRENT>                                    2,276,122
<NET-CHANGE-FROM-OPS>                                        9,727,011
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                   (8,490,906)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
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<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                              0
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<GROSS-ADVISORY-FEES>                                          773,197
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              1,299,699
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<PER-SHARE-NAV-BEGIN>                                             9.71
<PER-SHARE-NII>                                                   0.66
<PER-SHARE-GAIN-APPREC>                                           0.00
<PER-SHARE-DIVIDEND>                                             (0.64)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.73
<EXPENSE-RATIO>                                                   0.76



</TABLE>


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