<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000912252
<NAME> IAI RETIREMENT FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> IAI Regional Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 10,573,333
<INVESTMENTS-AT-VALUE> 11,934,248
<RECEIVABLES> 156,017
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,090,265
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,581
<TOTAL-LIABILITIES> 18,581
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,800,990
<SHARES-COMMON-STOCK> 737,635
<SHARES-COMMON-PRIOR> 735,263
<ACCUMULATED-NII-CURRENT> 31,680
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 878,099
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,360,915
<NET-ASSETS> 12,071,684
<DIVIDEND-INCOME> 44,056
<INTEREST-INCOME> 45,736
<OTHER-INCOME> 0
<EXPENSES-NET> (58,093)
<NET-INVESTMENT-INCOME> 31,699
<REALIZED-GAINS-CURRENT> 878,568
<APPREC-INCREASE-CURRENT> (356,751)
<NET-CHANGE-FROM-OPS> 553,516
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (40,338)
<DISTRIBUTIONS-OF-GAINS> (1,750,140)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26,254
<NUMBER-OF-SHARES-REDEEMED> (131,677)
<SHARES-REINVESTED> 107,795
<NET-CHANGE-IN-ASSETS> (1,333,416)
<ACCUMULATED-NII-PRIOR> 40,319
<ACCUMULATED-GAINS-PRIOR> 1,749,671
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (41,099)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (58,093)
<AVERAGE-NET-ASSETS> 12,680,500
<PER-SHARE-NAV-BEGIN> 18.23
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.81
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (2.66)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.37
<EXPENSE-RATIO> 0.92
</TABLE>