<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000856343
<NAME> INEFFICIENT MARKET FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
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</TABLE>