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<PAGE> PAGE 2
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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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SIGNATURE PAMELA WHEATON
TITLE ASSISTANT TREASURER
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<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CRM FUNDS SEMI-ANNUAL REPORT DATED MARCH 31, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> SMALL CAP VALUE FUND
<S> <C>
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<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> MAR-31-1998
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<NET-INVESTMENT-INCOME> (528,762)
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<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
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</LEGEND>
<SERIES>
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<NAME> VALUE FUND
<S> <C>
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