<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM UST PRIVATE EQUITY
INVESTORS FUND, INC.'S FORM 10-Q FOR THE PERIOD ENDED APRIL 30, 2000 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000930454
<NAME> UST PRIVATE EQUITY INVESTORS FUND, INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-1-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 41,506
<INVESTMENTS-AT-VALUE> 50,147
<RECEIVABLES> 168
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3
<TOTAL-ASSETS> 50,315
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,663
<TOTAL-LIABILITIES> 17,663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,385
<SHARES-COMMON-STOCK> 40
<SHARES-COMMON-PRIOR> 40
<ACCUMULATED-NII-CURRENT> 583
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,957)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,641
<NET-ASSETS> 32,652
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 306
<OTHER-INCOME> 0
<EXPENSES-NET> 288
<NET-INVESTMENT-INCOME> 17
<REALIZED-GAINS-CURRENT> 3,034
<APPREC-INCREASE-CURRENT> 5,491
<NET-CHANGE-FROM-OPS> 8,542
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,542
<ACCUMULATED-NII-PRIOR> 566
<ACCUMULATED-GAINS-PRIOR> (2,577)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 163
<INTEREST-EXPENSE> 2
<GROSS-EXPENSE> 357
<AVERAGE-NET-ASSETS> 40,221
<PER-SHARE-NAV-BEGIN> 995.85
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 210.69
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (400.00)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 806.96
<EXPENSE-RATIO> 1.44
</TABLE>
