<TABLE> <S> <C>

<ARTICLE>             6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM UST PRIVATE EQUITY
INVESTORS FUND, INC.'S FORM 10-Q FOR THE PERIOD ENDED APRIL 30, 2000 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                             0000930454
<NAME>                            UST PRIVATE EQUITY INVESTORS FUND, INC.
<MULTIPLIER>                      1000

<S>                                          <C>
<PERIOD-TYPE>                                6-MOS
<FISCAL-YEAR-END>                            OCT-31-2000
<PERIOD-START>                               NOV-1-1999
<PERIOD-END>                                 APR-30-2000
<INVESTMENTS-AT-COST>                            41,506
<INVESTMENTS-AT-VALUE>                           50,147
<RECEIVABLES>                                       168
<ASSETS-OTHER>                                        0
<OTHER-ITEMS-ASSETS>                                  3
<TOTAL-ASSETS>                                   50,315
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                        17,663
<TOTAL-LIABILITIES>                              17,663
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                         39,385
<SHARES-COMMON-STOCK>                                40
<SHARES-COMMON-PRIOR>                                40
<ACCUMULATED-NII-CURRENT>                           583
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                         (15,957)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                          8,641
<NET-ASSETS>                                     32,652
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                                   306
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                      288
<NET-INVESTMENT-INCOME>                              17
<REALIZED-GAINS-CURRENT>                          3,034
<APPREC-INCREASE-CURRENT>                         5,491
<NET-CHANGE-FROM-OPS>                             8,542
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                               0
<NUMBER-OF-SHARES-REDEEMED>                           0
<SHARES-REINVESTED>                                   0
<NET-CHANGE-IN-ASSETS>                            8,542
<ACCUMULATED-NII-PRIOR>                             566
<ACCUMULATED-GAINS-PRIOR>                        (2,577)
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                               163
<INTEREST-EXPENSE>                                    2
<GROSS-EXPENSE>                                     357
<AVERAGE-NET-ASSETS>                             40,221
<PER-SHARE-NAV-BEGIN>                            995.85
<PER-SHARE-NII>                                    0.42
<PER-SHARE-GAIN-APPREC>                          210.69
<PER-SHARE-DIVIDEND>                               0.00
<PER-SHARE-DISTRIBUTIONS>                       (400.00)
<RETURNS-OF-CAPITAL>                               0.00
<PER-SHARE-NAV-END>                              806.96
<EXPENSE-RATIO>                                    1.44


</TABLE>