<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000912252
<NAME> IAI RETIREMENT FUNDS, INC.
<SERIES>
<NUMBER> 3
<NAME> IAI Balanced Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
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<PERIOD-END> JUN-30-2000
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</TABLE>
