[ARTICLE] 6
[CIK] 0000275811
[NAME] SB MONEY FUNDS
[SERIES]
   [NUMBER] 2
   [NAME] GOVERNMENT MONEY MKT CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               JUN-30-1997
[INVESTMENTS-AT-COST]                    4,429,858,551
[INVESTMENTS-AT-VALUE]                   4,429,858,551
[RECEIVABLES]                                6,776,004
[ASSETS-OTHER]                                   2,902
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           4,436,637,457
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                            0
[TOTAL-LIABILITIES]                         11,074,422
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 4,425,563,035
[SHARES-COMMON-STOCK]                       13,303,859
[SHARES-COMMON-PRIOR]                       51,873,156
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                             4,425,563,035
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                          123,004,981
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              13,738,830
[NET-INVESTMENT-INCOME]                    109,266,151
[REALIZED-GAINS-CURRENT]                             0
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                      109,266,151
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      836,036
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     82,184,061
[NUMBER-OF-SHARES-REDEEMED]                121,616,200
[SHARES-REINVESTED]                            862,842
[NET-CHANGE-IN-ASSETS]                      17,157,638
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        9,609,366
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             13,738,830
[AVERAGE-NET-ASSETS]                        34,275,909
[PER-SHARE-NAV-BEGIN]                             1.00
[PER-SHARE-NII]                                   .024
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                              .024
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               1.00
[EXPENSE-RATIO]                                    .51
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>