<ARTICLE>                     5
<LEGEND>
     (Replace this text with the legend)

<CIK>                                          841501
<NAME>                                         Owens Mortgage Investment Fund
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<CURRENCY>                                     U.S. DOLLARS

                                            
<PERIOD-TYPE>                                  Year
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<EPS-BASIC>                                    .10

<EPS-DILUTED>                                  .10