<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[NEW-COMPANY-DATA]
[FISCAL-YEAR-END] SEP-30-1996
[PERIOD-START] OCT-01-1995
[PERIOD-END] MAR-31-1996
[INVESTMENTS-AT-COST] 917778
[INVESTMENTS-AT-VALUE] 927956
[RECEIVABLES] 1226
[ASSETS-OTHER] 1
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 929182
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5571
[TOTAL-LIABILITIES] 5571
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 924795
[SHARES-COMMON-STOCK] 94585
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 3909
[OVERDISTRIBUTION-NII] (1003)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (10157)
[ACCUM-APPREC-OR-DEPREC] 10178
[NET-ASSETS] 923611
[DIVIDEND-INCOME] 3129
[INTEREST-INCOME] 780
[OTHER-INCOME] 0
[EXPENSES-NET] 4912
[NET-INVESTMENT-INCOME] (1003)
[REALIZED-GAINS-CURRENT] (10157)
[APPREC-INCREASE-CURRENT] 10178
[NET-CHANGE-FROM-OPS] (982)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 201
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 94565
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 20
[NET-CHANGE-IN-ASSETS] 923611
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2183
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4912
[AVERAGE-NET-ASSETS] 218300
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] (.01)
[PER-SHARE-GAIN-APPREC] (.22)
[PER-SHARE-DIVIDEND] .01
[PER-SHARE-DISTRIBUTIONS] (.01)
[RETURNS-OF-CAPITAL] (2.3)%
[PER-SHARE-NAV-END] 9.77
[EXPENSE-RATIO] .90%
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
