WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932381
<NAME> FIRST OMAHA FUNDS
<SERIES>
<NUMBER> 4
<NAME> EQUITY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-01-1999
<PERIOD-END> MAR-31-2000
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<PAYABLE-FOR-SECURITIES> 932,594
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<SHARES-COMMON-STOCK> 9,728,201
<SHARES-COMMON-PRIOR> 17,338,883
<ACCUMULATED-NII-CURRENT> 1,915
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<APPREC-INCREASE-CURRENT> (22,556,441)
<NET-CHANGE-FROM-OPS> (10,466,735)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,478,199)
<DISTRIBUTIONS-OF-GAINS> (35,278,111)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,912,487
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<SHARES-REINVESTED> 3,826,799
<NET-CHANGE-IN-ASSETS> (144,049,169)
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<PER-SHARE-NAV-BEGIN> 13.36
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> (1.21)
<PER-SHARE-DIVIDEND> (.19)
<PER-SHARE-DISTRIBUTIONS> (3.15)
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<PER-SHARE-NAV-END> 9.00
<EXPENSE-RATIO> 1.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
