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> 6-mos
<FISCAL-YEAR-END> Sep-30-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 15,105,679
<INVESTMENTS-AT-VALUE> 14,447,705
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 469,732
<TOTAL-LIABILITIES> 469,732
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,658,517
<SHARES-COMMON-STOCK> 14,460
<SHARES-COMMON-PRIOR> 5,074
<ACCUMULATED-NII-CURRENT> 244,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (35,374)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (657,974)
<NET-ASSETS> 137,194
<DIVIDEND-INCOME> 409,039
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<EXPENSES-NET> 144,162
<NET-INVESTMENT-INCOME> 264,877
<REALIZED-GAINS-CURRENT> 89,947
<APPREC-INCREASE-CURRENT> 18,856
<NET-CHANGE-FROM-OPS> 373,680
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 978
<DISTRIBUTIONS-OF-GAINS> 1,610
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,692
<NUMBER-OF-SHARES-REDEEMED> 1,574
<SHARES-REINVESTED> 268
<NET-CHANGE-IN-ASSETS> (2,620,209)
<ACCUMULATED-NII-PRIOR> 264,368
<ACCUMULATED-GAINS-PRIOR> 146,125
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38,612
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 150,938
<AVERAGE-NET-ASSETS> 15,444,914
<PER-SHARE-NAV-BEGIN> 9.600
<PER-SHARE-NII> (0.030)
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<PER-SHARE-DISTRIBUTIONS> 0.170
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<PER-SHARE-NAV-END> 9.490
<EXPENSE-RATIO> 2.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
