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> 6-mos
<FISCAL-YEAR-END> Sep-30-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 9,336,031
<INVESTMENTS-AT-VALUE> 8,793,051
<RECEIVABLES> 34,562
<ASSETS-OTHER> 165,765
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,993,378
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,934
<TOTAL-LIABILITIES> 1,934
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,610,710
<SHARES-COMMON-STOCK> 961,435
<SHARES-COMMON-PRIOR> 966,959
<ACCUMULATED-NII-CURRENT> 63,673
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,139,959)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (542,980)
<NET-ASSETS> 8,991,444
<DIVIDEND-INCOME> 302,763
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 103,002
<NET-INVESTMENT-INCOME> 199,761
<REALIZED-GAINS-CURRENT> (38,599)
<APPREC-INCREASE-CURRENT> (46,022)
<NET-CHANGE-FROM-OPS> 115,140
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 595,917
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,803
<NUMBER-OF-SHARES-REDEEMED> 143,378
<SHARES-REINVESTED> 62,051
<NET-CHANGE-IN-ASSETS> (520,684)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3,101,422)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23,112
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 129,425
<AVERAGE-NET-ASSETS> 9,244,638
<PER-SHARE-NAV-BEGIN> 9.840
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> (0.100)
<PER-SHARE-DIVIDEND> 0.620
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.350
<EXPENSE-RATIO> 2.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
