<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000945774
<NAME> PICTET FUNDS
<SERIES>
<NUMBER> 3
<NAME> PICTET EASTERN EUROPEAN FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 1,758,220
<INVESTMENTS-AT-VALUE> 1,810,898
<RECEIVABLES> 56,907
<ASSETS-OTHER> 233
<OTHER-ITEMS-ASSETS> 184,329
<TOTAL-ASSETS> 2,052,367
<PAYABLE-FOR-SECURITIES> 81,654
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27,767
<TOTAL-LIABILITIES> 109,421
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,216,439
<SHARES-COMMON-STOCK> 205,486
<SHARES-COMMON-PRIOR> 217,973
<ACCUMULATED-NII-CURRENT> (11,615)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (314,224)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52,346
<NET-ASSETS> 1,942,946
<DIVIDEND-INCOME> 8,763
<INTEREST-INCOME> 2,354
<OTHER-INCOME> 0
<EXPENSES-NET> 22,732
<NET-INVESTMENT-INCOME> (11,615)
<REALIZED-GAINS-CURRENT> 328,941
<APPREC-INCREASE-CURRENT> (176,659)
<NET-CHANGE-FROM-OPS> 140,667
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 12,487
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10,051
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (643,165)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17,041
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 98,010
<AVERAGE-NET-ASSETS> 2,284,661
<PER-SHARE-NAV-BEGIN> 8.87
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> 0.65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.46
<EXPENSE-RATIO> 2.00
</TABLE>
