<ARTICLE> 6
<CIK> 0000862342
<NAME> THE RIVERFRONT FUNDS INC.                 
<SERIES>
   <NUMBER> 032
   <NAME> THE RIVERFRONT INCOME EQUITY FUND         
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       96,679,453
<INVESTMENTS-AT-VALUE>                     101,416,249
<RECEIVABLES>                                  856,191
<ASSETS-OTHER>                                  21,273
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             102,293,713
<PAYABLE-FOR-SECURITIES>                       743,993
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      145,930
<TOTAL-LIABILITIES>                            889,923
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    95,815,203
<SHARES-COMMON-STOCK>                        1,466,214<F1>
<SHARES-COMMON-PRIOR>                          627,857<F1>
<ACCUMULATED-NII-CURRENT>                          534
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        851,257
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,736,796
<NET-ASSETS>                               101,403,790
<DIVIDEND-INCOME>                            2,688,652
<INTEREST-INCOME>                              114,843
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,763,616
<NET-INVESTMENT-INCOME>                      1,039,879
<REALIZED-GAINS-CURRENT>                    21,576,605
<APPREC-INCREASE-CURRENT>                      752,438
<NET-CHANGE-FROM-OPS>                       23,368,922
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       57,359<F1>
<DISTRIBUTIONS-OF-GAINS>                     3,879,842<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                      1,186,068
<NUMBER-OF-SHARES-REDEEMED>                  1,316,119
<SHARES-REINVESTED>                          1,989,492
<NET-CHANGE-IN-ASSETS>                      20,403,766
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    2,361,127
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          898,800
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,804,770 
<AVERAGE-NET-ASSETS>                        13,423,815<F1>
<PER-SHARE-NAV-BEGIN>                            12.16<F1>
<PER-SHARE-NII>                                   0.06<F1>
<PER-SHARE-GAIN-APPREC>                           3.17<F1>
<PER-SHARE-DIVIDEND>                              0.06<F1>
<PER-SHARE-DISTRIBUTIONS>                         3.35<F1>
<RETURNS-OF-CAPITAL>                              0.00<F1>
<PER-SHARE-NAV-END>                              11.98<F1>
<EXPENSE-RATIO>                                   2.55<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>CLASS B SHARES
</FN>