AFD EXCHANGE RESERVES INC
NSAR-B, EX-27, 2000-11-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000917713
<NAME> AFD EXCHANGE RESERVES, INC.
<SERIES>
   <NUMBER> 003
   <NAME> AFD EXCHANGE RESERVES, INC.

<S>                             <C>
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<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               SEP-30-2000
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<EXPENSE-RATIO>                                   1.24
[AVG-DEBT-OUTSTANDING]                               0
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