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<PAGE> PAGE 2
011 B000001 8-37006
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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SIGNATURE ANNA M. BENCROWSKY
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
1838 INTERNATIONAL EQUITY FUND'S SEMI-ANNUAL REPORT DATED APRIL 30, 1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE SEMI-ANNUAL REPORT
DATED APRIL 30, 1996.
</LEGEND>
<CIK> 0000933996
<NAME> 1838 INVESTMENT ADVISORS FUNDS
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<S> <C>
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</TABLE>
