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010 A00AA01 SIGNATURE BROKER-DEALER SERVICES, INC.
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<PAGE>
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011 A00AA03 SUTRO & CO., INC.
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<PAGE>
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<PAGE>
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SIGNATURE DAVID J. KEALEY
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Funds Semiannual report dated March 31, 1996 and is qualified in its
entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 11
<NAME> AGGRESSIVE GROWTH FUND ADVISOR CLASS
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the FundManager
Funds Semiannual Report dated March 31, 1996 and is qualified in its entirety by
reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRSUT
<SERIES>
<NUMBER> 012
<NAME> AGGRESSIVE GROWTH FUND NO LOAD CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 36,602,484
<INVESTMENTS-AT-VALUE> 38,536,812
<RECEIVABLES> 25,476
<ASSETS-OTHER> 22,202
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,584,490
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,805
<TOTAL-LIABILITIES> 54,805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32,591,152
<SHARES-COMMON-STOCK> 26,793
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (388,258)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,392,463
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,934,328
<NET-ASSETS> 38,529,685
<DIVIDEND-INCOME> 701,749
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 287,427
<NET-INVESTMENT-INCOME> 414,322
<REALIZED-GAINS-CURRENT> 4,666,693
<APPREC-INCREASE-CURRENT> (3,342,779)
<NET-CHANGE-FROM-OPS> 1,738,236
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,446
<DISTRIBUTIONS-OF-GAINS> 15,496
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,302
<NUMBER-OF-SHARES-REDEEMED> 1,695
<SHARES-REINVESTED> 1,186
<NET-CHANGE-IN-ASSETS> 4,862,023
<ACCUMULATED-NII-PRIOR> 24,146
<ACCUMULATED-GAINS-PRIOR> 5,173,306
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85,702
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 287,427
<AVERAGE-NET-ASSETS> 158,347
<PER-SHARE-NAV-BEGIN> 18.31
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 0.39
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 2.89
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.81
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Fund Semiannual Report dated March 31, 1996 and is qualified in its
entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 021
<NAME> GROWTH FUND ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 25,341,629
<INVESTMENTS-AT-VALUE> 29,144,568
<RECEIVABLES> 24,205
<ASSETS-OTHER> 12,518
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,181,291
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70,400
<TOTAL-LIABILITIES> 70,400
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,249,920
<SHARES-COMMON-STOCK> 1,989,558
<SHARES-COMMON-PRIOR> 1,612,567
<ACCUMULATED-NII-CURRENT> 411,967
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,646,064
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,802,940
<NET-ASSETS> 29,110,891
<DIVIDEND-INCOME> 650,160
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 236,419
<NET-INVESTMENT-INCOME> 413,741
<REALIZED-GAINS-CURRENT> 1,515,457
<APPREC-INCREASE-CURRENT> 101,215
<NET-CHANGE-FROM-OPS> 2,030,413
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 64,700
<DISTRIBUTIONS-OF-GAINS> 4,398,651
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 391,173
<NUMBER-OF-SHARES-REDEEMED> 225,575
<SHARES-REINVESTED> 211,393
<NET-CHANGE-IN-ASSETS> 3,088,950
<ACCUMULATED-NII-PRIOR> 63,122
<ACCUMULATED-GAINS-PRIOR> 4,541,801
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 65,720
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 236,419
<AVERAGE-NET-ASSETS> 26,173,959
<PER-SHARE-NAV-BEGIN> 16.14
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 0.95
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 2.77
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.48
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Funds Semiannual Report dated March 31, 1996 and is qualified in its
entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 022
<NAME> GROWTH FUND NO LOAD CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 25,341,629
<INVESTMENTS-AT-VALUE> 29,144,568
<RECEIVABLES> 24,205
<ASSETS-OTHER> 12,518
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,181,291
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70,400
<TOTAL-LIABILITIES> 70,400
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,249,920
<SHARES-COMMON-STOCK> 21,427
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 411,967
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,646,064
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,802,940
<NET-ASSETS> 21,110,891
<DIVIDEND-INCOME> 650,160
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 236,419
<NET-INVESTMENT-INCOME> 413,741
<REALIZED-GAINS-CURRENT> 1,515,457
<APPREC-INCREASE-CURRENT> 101,215
<NET-CHANGE-FROM-OPS> 2,030,413
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 196
<DISTRIBUTIONS-OF-GAINS> 12,542
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,026
<NUMBER-OF-SHARES-REDEEMED> 527
<SHARES-REINVESTED> 928
<NET-CHANGE-IN-ASSETS> 3,088,950
<ACCUMULATED-NII-PRIOR> 63,122
<ACCUMULATED-GAINS-PRIOR> 4,541,801
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 65,720
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 236,419
<AVERAGE-NET-ASSETS> 114,595
<PER-SHARE-NAV-BEGIN> 16.14
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 1.00
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 2.77
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.53
<EXPENSE-RATIO> 1.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Semiannual Report dated March 31, 1996, and is qualified in
its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 031
<NAME> GROWTH & INCOME FUND ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 28,870,147
<INVESTMENTS-AT-VALUE> 35,470,301
<RECEIVABLES> 108,391
<ASSETS-OTHER> 18,287
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35,596,979
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82,413
<TOTAL-LIABILITIES> 82,413
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,621,507
<SHARES-COMMON-STOCK> 2,139,852
<SHARES-COMMON-PRIOR> 1,949,419
<ACCUMULATED-NII-CURRENT> 580,799
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,712,106
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,600,154
<NET-ASSETS> 35,514,566
<DIVIDEND-INCOME> 1,407,300
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 302,556
<NET-INVESTMENT-INCOME> 1,104,744
<REALIZED-GAINS-CURRENT> 1,348,313
<APPREC-INCREASE-CURRENT> 776,125
<NET-CHANGE-FROM-OPS> 3,229,182
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,026,464
<DISTRIBUTIONS-OF-GAINS> 5,595,638
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 207,935
<NUMBER-OF-SHARES-REDEEMED> 270,077
<SHARES-REINVESTED> 252,574
<NET-CHANGE-IN-ASSETS> (128,858)
<ACCUMULATED-NII-PRIOR> 506,232
<ACCUMULATED-GAINS-PRIOR> 5,981,578
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 87,703
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 302,556
<AVERAGE-NET-ASSETS> 34,960,765
<PER-SHARE-NAV-BEGIN> 18.28
<PER-SHARE-NII> 0.50
<PER-SHARE-GAIN-APPREC> 1.10
<PER-SHARE-DIVIDEND> 0.49
<PER-SHARE-DISTRIBUTIONS> 2.93
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.46
<EXPENSE-RATIO> 1.73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Funds Semiannual Report dated March 31, 1996 and is qualified in its
entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 032
<NAME> GROWTH & INCOME FUND NO LOAD CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 28,870,147
<INVESTMENTS-AT-VALUE> 35,470,301
<RECEIVABLES> 108,391
<ASSETS-OTHER> 18,287
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35,596,979
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82,413
<TOTAL-LIABILITIES> 82,413
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,621,507
<SHARES-COMMON-STOCK> 18,127
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 580,799
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,712,106
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,600,154
<NET-ASSETS> 35,514,566
<DIVIDEND-INCOME> 1,407,300
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 302,556
<NET-INVESTMENT-INCOME> 1,104,744
<REALIZED-GAINS-CURRENT> 1,348,313
<APPREC-INCREASE-CURRENT> 776,125
<NET-CHANGE-FROM-OPS> 3,229,182
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,713
<DISTRIBUTIONS-OF-GAINS> 22,147
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,294
<NUMBER-OF-SHARES-REDEEMED> 3,775
<SHARES-REINVESTED> 1,607
<NET-CHANGE-IN-ASSETS> (128,858)
<ACCUMULATED-NII-PRIOR> 506,232
<ACCUMULATED-GAINS-PRIOR> 5,981,578
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 87,703
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 302,556
<AVERAGE-NET-ASSETS> 119,726
<PER-SHARE-NAV-BEGIN> 18.28
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 1.17
<PER-SHARE-DIVIDEND> 0.42
<PER-SHARE-DISTRIBUTIONS> 2.93
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.52
<EXPENSE-RATIO> 1.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Funds Semiannual Report dated March 31, 1996, and is qualified
in its entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 041
<NAME> BOND FUND ADVISOR CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 74,327,276
<INVESTMENTS-AT-VALUE> 73,603,500
<RECEIVABLES> 190,847
<ASSETS-OTHER> 15,346
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73,809,693
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101,480
<TOTAL-LIABILITIES> 101,480
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,443,402
<SHARES-COMMON-STOCK> 7,253,123
<SHARES-COMMON-PRIOR> 7,583,952
<ACCUMULATED-NII-CURRENT> 213,817
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,225,231)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (723,775)
<NET-ASSETS> 73,708,213
<DIVIDEND-INCOME> 2,242,086
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 556,631
<NET-INVESTMENT-INCOME> 1,685,455
<REALIZED-GAINS-CURRENT> 804,995
<APPREC-INCREASE-CURRENT> (991,685)
<NET-CHANGE-FROM-OPS> 1,498,765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,332,635
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 412,404
<NUMBER-OF-SHARES-REDEEMED> 882,404
<SHARES-REINVESTED> 139,171
<NET-CHANGE-IN-ASSETS> (3,710,403)
<ACCUMULATED-NII-PRIOR> 869,167
<ACCUMULATED-GAINS-PRIOR> (3,030,226)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 190,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 556,631
<AVERAGE-NET-ASSETS> 76,016,621
<PER-SHARE-NAV-BEGIN> 10.21
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.07
<EXPENSE-RATIO> 1.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Funds Semiannual Report dated March 31, 1996 and is qualified in its
entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 042
<NAME> BOND FUND NO LOAD CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 74,327,276
<INVESTMENTS-AT-VALUE> 73,603,500
<RECEIVABLES> 190,847
<ASSETS-OTHER> 15,346
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73,809,693
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101,480
<TOTAL-LIABILITIES> 101,480
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,443,402
<SHARES-COMMON-STOCK> 63,269
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 213,817
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,225,231)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (723,775)
<NET-ASSETS> 73,708,213
<DIVIDEND-INCOME> 2,242,086
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 556,631
<NET-INVESTMENT-INCOME> 1,685,455
<REALIZED-GAINS-CURRENT> 804,995
<APPREC-INCREASE-CURRENT> (991,685)
<NET-CHANGE-FROM-OPS> 1,498,765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,170
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 64,159
<NUMBER-OF-SHARES-REDEEMED> 1,681
<SHARES-REINVESTED> 792
<NET-CHANGE-IN-ASSETS> (3,710,403)
<ACCUMULATED-NII-PRIOR> 869,167
<ACCUMULATED-GAINS-PRIOR> (3,030,226)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 190,789
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 556,631
<AVERAGE-NET-ASSETS> 300,383
<PER-SHARE-NAV-BEGIN> 10.21
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.09
<EXPENSE-RATIO> 1.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
FundManager Funds Semiannual Report dated March 31, 1996 and is qualified in its
entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000939891
<NAME> FUNDMANAGER TRUST
<SERIES>
<NUMBER> 051
<NAME> MANAGED TOTAL RETURN
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 12,815,206
<INVESTMENTS-AT-VALUE> 13,671,374
<RECEIVABLES> 35,345
<ASSETS-OTHER> 4,841
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13,711,560
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 38,460
<TOTAL-LIABILITIES> 38,460
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,251,130
<SHARES-COMMON-STOCK> 1,216,500
<SHARES-COMMON-PRIOR> 1,266,151
<ACCUMULATED-NII-CURRENT> 45,041
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 520,761
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 856,168
<NET-ASSETS> 13,673,100
<DIVIDEND-INCOME> 494,879
<INTEREST-INCOME> 25,958
<OTHER-INCOME> 520,837
<EXPENSES-NET> 153,168
<NET-INVESTMENT-INCOME> 367,669
<REALIZED-GAINS-CURRENT> 571,847
<APPREC-INCREASE-CURRENT> (354,184)
<NET-CHANGE-FROM-OPS> 585,332
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 457,981
<DISTRIBUTIONS-OF-GAINS> 636,120
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 37,793
<NUMBER-OF-SHARES-REDEEMED> 182,170
<SHARES-REINVESTED> 94,726
<NET-CHANGE-IN-ASSETS> (1,076,227)
<ACCUMULATED-NII-PRIOR> 135,353
<ACCUMULATED-GAINS-PRIOR> 585,034
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35,831
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 322,926
<AVERAGE-NET-ASSETS> 14,332,204
<PER-SHARE-NAV-BEGIN> 11.65
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.18
<PER-SHARE-DIVIDEND> 0.36
<PER-SHARE-DISTRIBUTIONS> 0.52
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 2.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
