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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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066 D000400 N
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068 A000400 N
068 B000400 N
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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SIGNATURE JOHN SIEBERT
TITLE SUPERVISOR,FIN ADMIN
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000929189
<NAME> IBJ FUNDS TRUST
<SERIES>
<NUMBER> 042
<NAME> IBJ BLENDED TOTAL RETURN FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 58279868
<INVESTMENTS-AT-VALUE> 65750173
<RECEIVABLES> 818046
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 21359
<TOTAL-ASSETS> 66589578
<PAYABLE-FOR-SECURITIES> 523045
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 648148
<TOTAL-LIABILITIES> 1171193
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53672651
<SHARES-COMMON-STOCK> 997<F1>
<SHARES-COMMON-PRIOR> 1350<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 15779
<ACCUMULATED-NET-GAINS> 4291208
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7470305
<NET-ASSETS> 65418385
<DIVIDEND-INCOME> 256911
<INTEREST-INCOME> 1016810
<OTHER-INCOME> 0
<EXPENSES-NET> 304513
<NET-INVESTMENT-INCOME> 969208
<REALIZED-GAINS-CURRENT> 3702298
<APPREC-INCREASE-CURRENT> (1275334)
<NET-CHANGE-FROM-OPS> 3396172
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 222<F1>
<DISTRIBUTIONS-OF-GAINS> 667<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 384600<F1>
<NUMBER-OF-SHARES-REDEEMED> 509856<F1>
<SHARES-REINVESTED> 240262<F1>
<NET-CHANGE-IN-ASSETS> 1168771
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3067051
<OVERDISTRIB-NII-PRIOR> 9267
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 193011
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 336681
<AVERAGE-NET-ASSETS> 64513658
<PER-SHARE-NAV-BEGIN> 12.76<F1>
<PER-SHARE-NII> .19<F1>
<PER-SHARE-GAIN-APPREC> .44<F1>
<PER-SHARE-DIVIDEND> .19<F1>
<PER-SHARE-DISTRIBUTIONS> .49<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 12.71<F1>
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Service Share Class
</FN>
</TABLE>
