<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000915802
<NAME> FINANCIAL INVESTORS TRUST
<SERIES>
<NUMBER> 05
<NAME> ARISTATA COLORADO QUALITY TAX-EXEMPT FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 12830682
<INVESTMENTS-AT-VALUE> 13207270
<RECEIVABLES> 279418
<ASSETS-OTHER> 369556
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13856244
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56860
<TOTAL-LIABILITIES> 56860
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13430583
<SHARES-COMMON-STOCK> 1475276
<SHARES-COMMON-PRIOR> 1770322
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (616)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (7171)
<ACCUM-APPREC-OR-DEPREC> 376588
<NET-ASSETS> 13799384
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 846408
<OTHER-INCOME> 0
<EXPENSES-NET> (76850)
<NET-INVESTMENT-INCOME> 769558
<REALIZED-GAINS-CURRENT> (8323)
<APPREC-INCREASE-CURRENT> (761940)
<NET-CHANGE-FROM-OPS> (705)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (769558)
<DISTRIBUTIONS-OF-GAINS> (152140)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 100351
<NUMBER-OF-SHARES-REDEEMED> (409379)
<SHARES-REINVESTED> 13982
<NET-CHANGE-IN-ASSETS> (3702464)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 153292
<OVERDISTRIB-NII-PRIOR> (616)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 79757
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 147580
<AVERAGE-NET-ASSETS> 15861899
<PER-SHARE-NAV-BEGIN> 9.89
<PER-SHARE-NII> 0.46
<PER-SHARE-GAIN-APPREC> (0.45)
<PER-SHARE-DIVIDEND> (0.46)
<PER-SHARE-DISTRIBUTIONS> (0.09)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.35
<EXPENSE-RATIO> 0.48
</TABLE>
