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<PAGE> PAGE 2
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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 8
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<PAGE> PAGE 9
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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 14
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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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<PAGE> PAGE 23
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SIGNATURE JOHN MARSHALL
TITLE MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> FundManager Portfolios
Aggressive Growth Portfolio
Class A
<PERIOD-TYPE> 12-mos
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> FundManager Portfolios
Aggressive Growth Portfolio
Class B
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<PERIOD-END> Sep-30-1999
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> FundManager Portfolios
Growth Portfolio
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 14,439,182
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<OTHER-INCOME> 0
<EXPENSES-NET> 425,469
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<ACCUMULATED-NII-PRIOR> 0
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> FundManager Portfolios
Growth Portfolio
Class B
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 14,439,182
<INVESTMENTS-AT-VALUE> 17,434,695
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<PER-SHARE-NAV-END> 16.550
<EXPENSE-RATIO> 2.53
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> FundManager Portfolios
Growth with Income Portfolio
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 17,277,686
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<OTHER-INCOME> 0
<EXPENSES-NET> 528,202
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<PER-SHARE-DISTRIBUTIONS> 1.730
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<PER-SHARE-NAV-END> 17.180
<EXPENSE-RATIO> 1.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> FundManager Portfolios
Growth with Income Portfolio
Class B
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 17,277,686
<INVESTMENTS-AT-VALUE> 19,682,499
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<NET-INVESTMENT-INCOME> 30,845
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<NET-CHANGE-IN-ASSETS> (17,096,721)
<ACCUMULATED-NII-PRIOR> 56,653
<ACCUMULATED-GAINS-PRIOR> 4,982,119
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 174,103
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 542,684
<AVERAGE-NET-ASSETS> 34,820,699
<PER-SHARE-NAV-BEGIN> 16.620
<PER-SHARE-NII> (0.070)
<PER-SHARE-GAIN-APPREC> 0.570
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.120
<EXPENSE-RATIO> 2.89
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> FundManager Portfolios
Bond Portfolio
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 9,750,549
<INVESTMENTS-AT-VALUE> 9,253,591
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<ACCUM-APPREC-OR-DEPREC> (496,958)
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<EXPENSES-NET> 620,620
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<NUMBER-OF-SHARES-REDEEMED> 5,155,138
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<ACCUMULATED-GAINS-PRIOR> (2,517,252)
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<GROSS-ADVISORY-FEES> 224,041
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 638,166
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<PER-SHARE-NAV-BEGIN> 10.530
<PER-SHARE-NII> 0.910
<PER-SHARE-GAIN-APPREC> (1.120)
<PER-SHARE-DIVIDEND> 0.480
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.840
<EXPENSE-RATIO> 1.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> FundManager Portfolios
Managed Total Return
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 17,029,389
<INVESTMENTS-AT-VALUE> 16,352,559
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<ACCUMULATED-NII-CURRENT> 264,368
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 146,125
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (676,830)
<NET-ASSETS> 16,780,789
<DIVIDEND-INCOME> 652,587
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<OTHER-INCOME> 0
<EXPENSES-NET> 253,719
<NET-INVESTMENT-INCOME> 398,868
<REALIZED-GAINS-CURRENT> 204,751
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 396,123
<DISTRIBUTIONS-OF-GAINS> 1,288,597
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,017,019
<NUMBER-OF-SHARES-REDEEMED> 339,662
<SHARES-REINVESTED> 166,640
<NET-CHANGE-IN-ASSETS> 7,067,806
<ACCUMULATED-NII-PRIOR> 36,186
<ACCUMULATED-GAINS-PRIOR> 1,454,909
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323,100
<AVERAGE-NET-ASSETS> 12,253,760
<PER-SHARE-NAV-BEGIN> 10.810
<PER-SHARE-NII> 0.390
<PER-SHARE-GAIN-APPREC> 0.210
<PER-SHARE-DIVIDEND> 0.380
<PER-SHARE-DISTRIBUTIONS> 1.430
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.600
<EXPENSE-RATIO> 2.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> FundManager Portfolios
Managed Total Return
Class B
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 17,029,389
<INVESTMENTS-AT-VALUE> 16,352,559
<RECEIVABLES> 41,789
<ASSETS-OTHER> 473,090
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,867,438
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,957
<TOTAL-LIABILITIES> 37,957
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,095,818
<SHARES-COMMON-STOCK> 5,074
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 264,368
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 146,125
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (676,830)
<NET-ASSETS> 48,692
<DIVIDEND-INCOME> 652,587
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 253,719
<NET-INVESTMENT-INCOME> 398,868
<REALIZED-GAINS-CURRENT> 204,751
<APPREC-INCREASE-CURRENT> (345,648)
<NET-CHANGE-FROM-OPS> 257,971
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 180
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,057
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 17
<NET-CHANGE-IN-ASSETS> 7,067,806
<ACCUMULATED-NII-PRIOR> 36,186
<ACCUMULATED-GAINS-PRIOR> 1,454,909
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61,269
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323,100
<AVERAGE-NET-ASSETS> 12,253,760
<PER-SHARE-NAV-BEGIN> 9.740
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> (0.200)
<PER-SHARE-DIVIDEND> 0.110
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.600
<EXPENSE-RATIO> 2.86
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> FundManager Portfolios
International Portfolio
Class A
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 5,169,941
<INVESTMENTS-AT-VALUE> 5,740,261
<RECEIVABLES> 187,169
<ASSETS-OTHER> 140,168
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,067,598
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,549
<TOTAL-LIABILITIES> 5,549
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,259,514
<SHARES-COMMON-STOCK> 498,683
<SHARES-COMMON-PRIOR> 1,232,125
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 232,215
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 570,320
<NET-ASSETS> 5,542,732
<DIVIDEND-INCOME> 116,679
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 181,517
<NET-INVESTMENT-INCOME> (64,838)
<REALIZED-GAINS-CURRENT> 255,364
<APPREC-INCREASE-CURRENT> 2,593,680
<NET-CHANGE-FROM-OPS> 2,784,206
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 314,346
<NUMBER-OF-SHARES-REDEEMED> 1,047,788
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (4,133,761)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 9,511
<OVERDISTRIB-NII-PRIOR> 84,700
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46,211
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 256,420
<AVERAGE-NET-ASSETS> 9,224,322
<PER-SHARE-NAV-BEGIN> 8.270
<PER-SHARE-NII> (0.180)
<PER-SHARE-GAIN-APPREC> 3.020
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.110
<EXPENSE-RATIO> 2.27
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> FundManager Portfolios
Growth with Income Portfolio
Class B
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1999
<PERIOD-END> Sep-30-1999
<INVESTMENTS-AT-COST> 17,277,686
<INVESTMENTS-AT-VALUE> 19,682,499
<RECEIVABLES> 150,274
<ASSETS-OTHER> 356,588
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,189,361
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,161
<TOTAL-LIABILITIES> 30,161
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,635,404
<SHARES-COMMON-STOCK> 16,448
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,118,983
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,404,813
<NET-ASSETS> 281,607
<DIVIDEND-INCOME> 559,047
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 528,202
<NET-INVESTMENT-INCOME> 30,845
<REALIZED-GAINS-CURRENT> 8,771,773
<APPREC-INCREASE-CURRENT> (698,234)
<NET-CHANGE-FROM-OPS> 8,104,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,448
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (17,096,721)
<ACCUMULATED-NII-PRIOR> 56,653
<ACCUMULATED-GAINS-PRIOR> 4,982,119
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 174,103
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 542,684
<AVERAGE-NET-ASSETS> 34,820,699
<PER-SHARE-NAV-BEGIN> 16.620
<PER-SHARE-NII> (0.070)
<PER-SHARE-GAIN-APPREC> 0.570
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.120
<EXPENSE-RATIO> 2.89
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
