<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 944689
<NAME> PILGRIM MIDCAP VALUE FUND
<SERIES>
<NUMBER> 25
<NAME> PILGRIM MIDCAP VALUE FUND CLASS Q
<MULTIPLIER> 1000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 31980
<INVESTMENTS-AT-VALUE> 32621
<RECEIVABLES> 107
<ASSETS-OTHER> 20
<OTHER-ITEMS-ASSETS> 10
<TOTAL-ASSETS> 32759
<PAYABLE-FOR-SECURITIES> 1173
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 171
<TOTAL-LIABILITIES> 1344
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28853
<SHARES-COMMON-STOCK> 10
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1921
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 641
<NET-ASSETS> 31415
<DIVIDEND-INCOME> 411
<INTEREST-INCOME> 89
<OTHER-INCOME> 0
<EXPENSES-NET> 888
<NET-INVESTMENT-INCOME> (388)
<REALIZED-GAINS-CURRENT> 2719
<APPREC-INCREASE-CURRENT> (9096)
<NET-CHANGE-FROM-OPS> (6765)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 275
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (29980)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 94
<OVERDISTRIB-NII-PRIOR> (253)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 396
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 938
<AVERAGE-NET-ASSETS> 114
<PER-SHARE-NAV-BEGIN> 13.53
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> .78
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.29
<EXPENSE-RATIO> 1.75
</TABLE>
