AMERIPRIME FUNDS
NSAR-A, 1998-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0001000579
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 AMERIPRIME FUNDS
001 B000000 811-9096
001 C000000 8172516700
002 A000000 1793 KINGSWOOD DRIVE SUITE 200
002 B000000 SOUTHLAKE
002 C000000 TX
002 D010000 76092
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
007 C010100  1
007 C020100 GLOBALT GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 CARL DOMINO EQUITY INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 AIT VISION U.S. EQUITY INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 THE NEW CAP CONTRARIAN FUND
007 C030400 N
007 C010500  5
007 C020500 IMS CAPITAL VALUE FUND
007 C030500 N
007 C010600  6
007 C020600 FOUNTAINHEAD SPECIAL VALUE FUND
007 C030600 N
007 C010700  7
007 C020700 CORBIN SMALL CAP VALUE FUND
007 C030700 N
007 C010800  8
007 C020800 FLORIDA STREET BOND FUND
007 C030800 N
007 C010900  9
007 C020900 FLORIDA STREET GROWTH FUND
007 C030900 N
007 C011000 10
007 C021000 MARATHON VALUE FUND
<PAGE>      PAGE  2
007 C031000 N
010 A00AA01 AMERIPRIME FINANCIAL SERVICES, INC.
010 C01AA01 SOUTHLAKE
010 C02AA01 TX
010 C03AA01 76092
011 A00AA01 AMERIPRIME FINANCIAL SECURITIES
011 B00AA01 8-48143
011 C01AA01 SOUTHLAKE
011 C02AA01 TX
011 C03AA01 76092
012 A00AA01 AMERICAN DATA SERVICES, INC.
012 B00AA01 84-1964
012 C01AA01 HUNTINGTON
012 C02AA01 NY
012 C03AA01 11743
013 A00AA01 MCCURDY AND ASSOCITES CPA'S INC.
013 B01AA01 WESTLAKE
013 B02AA01 OH
013 B03AA01 44145
014 A00AA01 AMERIPRIME FINANCIAL SECURITIES INC.
014 B00AA01 8-48143
015 A00AA01 STAR BANK, N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45264
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 PAINE WEBBER
020 C000001     12
020 A000002 ALLIED
020 C000002     11
020 A000003 SMITH BARNEY
020 C000003      8
020 A000004 BIDWELL & CO.
020 C000004      5
020 A000005 MERRILL LYNCH
020 C000005      4
020 A000006 GOLDMAN SACHS
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020 A000007 DONALDSON, LUFTKIN & JENRETTE
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020 A000008 ROBINSON HUMPHREY
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020 A000009 SANFORD BERNSTIEN
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020 A000010 LEHMAN BROTHERS
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021  000000       78
<PAGE>      PAGE  3
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022 D000001      1124
022 A000002 PAINE WEBBER
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022 D000002      1589
022 A000003 ALLIED
022 C000003      2846
022 D000003      1358
022 A000004 QUANTEX
022 C000004      1220
022 D000004      2320
022 A000005 MERRILL LYNCH
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022 A000006 GOLDMAN SACHS
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022 A000007 JEFFERIES
022 C000007      2001
022 D000007       560
022 A000008 BIDWELL
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022 D000008      1222
022 A000009 DONALDSON, LUFTKIN & JENRETTE
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022 D000009       453
022 A000010 CHARLES SCHWAB & CO.
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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008 D010201 WEST PALM BEACH
008 D020201 FL
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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SIGNATURE   JULIE A. FELEO                               
TITLE       TREASURER           
 


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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<TABLE> <S> <C>

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<ACCUMULATED-NET-GAINS>                                   (2)
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                (280)
<NET-ASSETS>                                           1,506
<DIVIDEND-INCOME>                                          2
<INTEREST-INCOME>                                          1 
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            22
<NET-INVESTMENT-INCOME>                                  (19)
<REALIZED-GAINS-CURRENT>                                   8
<APPREC-INCREASE-CURRENT>                                (55)
<NET-CHANGE-FROM-OPS>                                    (66)
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                 (38)
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                    8 
<NUMBER-OF-SHARES-REDEEMED>                              (22)
<SHARES-REINVESTED>                                        5
<NET-CHANGE-IN-ASSETS>                                  (176)
<ACCUMULATED-NII-PRIOR>                                  (45)
<ACCUMULATED-GAINS-PRIOR>                                 96
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     19
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           22
<AVERAGE-NET-ASSETS>                                   1,539 
<PER-SHARE-NAV-BEGIN>                                   8.76 
<PER-SHARE-NII>                                        (0.10)
<PER-SHARE-GAIN-APPREC>                                (0.35)
<PER-SHARE-DIVIDEND>                                   (0.07)
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                     8.24
<EXPENSE-RATIO>                                         2.83
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<SERIES>                               
    <NUMBER>                            05
    <NAME>                              IMS CAPITAL VALUE FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-01-1997
<PERIOD-END>                            APR-30-1998
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                 10,605
<INVESTMENTS-AT-VALUE>                                12,316
<RECEIVABLES>                                             21
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                        12,337
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                 18
<TOTAL-LIABILITIES>                                       18
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                              10,830
<SHARES-COMMON-STOCK>                                    975
<SHARES-COMMON-PRIOR>                                    824
<ACCUMULATED-NII-CURRENT>                                (34)
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                 (188)
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                               1,711
<NET-ASSETS>                                          12,319
<DIVIDEND-INCOME>                                         59
<INTEREST-INCOME>                                          4
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            98
<NET-INVESTMENT-INCOME>                                  (34)
<REALIZED-GAINS-CURRENT>                                 (91)
<APPREC-INCREASE-CURRENT>                              1,511
<NET-CHANGE-FROM-OPS>                                  1,386
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                (708)
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                  173 
<NUMBER-OF-SHARES-REDEEMED>                              (87)
<SHARES-REINVESTED>                                       65
<NET-CHANGE-IN-ASSETS>                                 5,191
<ACCUMULATED-NII-PRIOR>                                   (2)
<ACCUMULATED-GAINS-PRIOR>                                (13)
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                    108
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                          151
<AVERAGE-NET-ASSETS>                                  10,856 
<PER-SHARE-NAV-BEGIN>                                  12.06 
<PER-SHARE-NII>                                        (0.04)
<PER-SHARE-GAIN-APPREC>                                 1.45
<PER-SHARE-DIVIDEND>                                   (0.84)
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                    12.63
<EXPENSE-RATIO>                                         1.81
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<SERIES>                               
    <NUMBER>                            06
    <NAME>                              FOUNTAINHEAD SPECIAL VALUE FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-01-1997
<PERIOD-END>                            APR-30-1998
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                  5,521
<INVESTMENTS-AT-VALUE>                                 6,735
<RECEIVABLES>                                              3
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                         6,738
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                  7
<TOTAL-LIABILITIES>                                        7
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                               5,283
<SHARES-COMMON-STOCK>                                    413
<SHARES-COMMON-PRIOR>                                    196
<ACCUMULATED-NII-CURRENT>                                 (7)
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                  241
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                               1,214
<NET-ASSETS>                                           6,731
<DIVIDEND-INCOME>                                          4
<INTEREST-INCOME>                                         13 
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            24
<NET-INVESTMENT-INCOME>                                   (7)
<REALIZED-GAINS-CURRENT>                                 258
<APPREC-INCREASE-CURRENT>                                849
<NET-CHANGE-FROM-OPS>                                  1,100
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                 (34)
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                  217 
<NUMBER-OF-SHARES-REDEEMED>                               (4)
<SHARES-REINVESTED>                                        3
<NET-CHANGE-IN-ASSETS>                                 4,102
<ACCUMULATED-NII-PRIOR>                                   (2)
<ACCUMULATED-GAINS-PRIOR>                                 19
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     20
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           24
<AVERAGE-NET-ASSETS>                                   4,357 
<PER-SHARE-NAV-BEGIN>                                  13.35 
<PER-SHARE-NII>                                        (0.03)
<PER-SHARE-GAIN-APPREC>                                 3.12
<PER-SHARE-DIVIDEND>                                    0.14
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                    16.30
<EXPENSE-RATIO>                                         1.11
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<SERIES>                               
    <NUMBER>                            07
    <NAME>                              CORBIN SMALL-CAP VALUE FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           YEAR
<FISCAL-YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-1-1997
<PERIOD-END>                            APR-30-1998
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                  2,139
<INVESTMENTS-AT-VALUE>                                 2,086
<RECEIVABLES>                                              2
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                         2,088
<PAYABLE-FOR-SECURITIES>                                   3
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                  2
<TOTAL-LIABILITIES>                                        5
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                               2,087
<SHARES-COMMON-STOCK>                                    199
<SHARES-COMMON-PRIOR>                                    121
<ACCUMULATED-NII-CURRENT>                                 (1)
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                   50
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                 (53)
<NET-ASSETS>                                           2,083
<DIVIDEND-INCOME>                                          8
<INTEREST-INCOME>                                          3 
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            10
<NET-INVESTMENT-INCOME>                                    1
<REALIZED-GAINS-CURRENT>                                 135
<APPREC-INCREASE-CURRENT>                                (98)
<NET-CHANGE-FROM-OPS>                                     38
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                 (1)
<DISTRIBUTIONS-OF-GAINS>                                 (91)
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                   81
<NUMBER-OF-SHARES-REDEEMED>                              (12)
<SHARES-REINVESTED>                                        9
<NET-CHANGE-IN-ASSETS>                                   749 
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  6
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     10
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           10
<AVERAGE-NET-ASSETS>                                   1,709 
<PER-SHARE-NAV-BEGIN>                                  11.03 
<PER-SHARE-NII>                                         0.00
<PER-SHARE-GAIN-APPREC>                                 0.10
<PER-SHARE-DIVIDEND>                                    (.64)
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                    10.49
<EXPENSE-RATIO>                                         1.25
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<SERIES>                               
    <NUMBER>                            08
    <NAME>                              FLORIDA STREET BOND FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-01-1997
<PERIOD-END>                            APR-30-1998
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                 14,607
<INVESTMENTS-AT-VALUE>                                14,702
<RECEIVABLES>                                            409
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                        15,111
<PAYABLE-FOR-SECURITIES>                                  58
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                108
<TOTAL-LIABILITIES>                                      166
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                              14,948
<SHARES-COMMON-STOCK>                                  1,490
<SHARES-COMMON-PRIOR>                                    733
<ACCUMULATED-NII-CURRENT>                                  2
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                 (100)
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                  95
<NET-ASSETS>                                          14,945
<DIVIDEND-INCOME>                                         24
<INTEREST-INCOME>                                        447
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            39
<NET-INVESTMENT-INCOME>                                  432
<REALIZED-GAINS-CURRENT>                                  (3)
<APPREC-INCREASE-CURRENT>                                 55
<NET-CHANGE-FROM-OPS>                                    484
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                               (430)
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                  731 
<NUMBER-OF-SHARES-REDEEMED>                              (17)
<SHARES-REINVESTED>                                       43
<NET-CHANGE-IN-ASSETS>                                   757
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     39
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           39
<AVERAGE-NET-ASSETS>                                  10,589 
<PER-SHARE-NAV-BEGIN>                                   9.95 
<PER-SHARE-NII>                                         0.38
<PER-SHARE-GAIN-APPREC>                                 0.08
<PER-SHARE-DIVIDEND>                                   (0.38)
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                    10.03
<EXPENSE-RATIO>                                         0.75
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<SERIES>                               
    <NUMBER>                            09
    <NAME>                              FLORIDA STREET GROWTH FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-01-1997
<PERIOD-END>                            APR-30-1998
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                  2,947
<INVESTMENTS-AT-VALUE>                                 3,321
<RECEIVABLES>                                              3
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                         3,324
<PAYABLE-FOR-SECURITIES>                                  52
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                  4 
<TOTAL-LIABILITIES>                                       56
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                               2,960
<SHARES-COMMON-STOCK>                                    288
<SHARES-COMMON-PRIOR>                                    208
<ACCUMULATED-NII-CURRENT>                                  4
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                  (69)
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                 373
<NET-ASSETS>                                           3,268
<DIVIDEND-INCOME>                                          7
<INTEREST-INCOME>                                         11 
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            13
<NET-INVESTMENT-INCOME>                                    5
<REALIZED-GAINS-CURRENT>                                 (64)
<APPREC-INCREASE-CURRENT>                                341
<NET-CHANGE-FROM-OPS>                                    282
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                 (2)
<DISTRIBUTIONS-OF-GAINS>                                  (6)
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                   94 
<NUMBER-OF-SHARES-REDEEMED>                              (37)
<SHARES-REINVESTED>                                       23
<NET-CHANGE-IN-ASSETS>                                 1,151
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     13
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           13
<AVERAGE-NET-ASSETS>                                   2,389
<PER-SHARE-NAV-BEGIN>                                  10.19 
<PER-SHARE-NII>                                            0
<PER-SHARE-GAIN-APPREC>                                 1.17
<PER-SHARE-DIVIDEND>                                   (0.04)
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                    11.32
<EXPENSE-RATIO>                                         1.12
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<SERIES>                               
    <NUMBER>                            10
    <NAME>                              MARATHON VALUE FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-01-1997
<PERIOD-END>                            APR-30-1998
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                  2,542
<INVESTMENTS-AT-VALUE>                                 2,594
<RECEIVABLES>                                             88
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                         2,682
<PAYABLE-FOR-SECURITIES>                                 157
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                  2 
<TOTAL-LIABILITIES>                                      159
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                               2,459
<SHARES-COMMON-STOCK>                                    244
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                  4
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    8
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                  52
<NET-ASSETS>                                           2,523
<DIVIDEND-INCOME>                                          1
<INTEREST-INCOME>                                          6 
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                             3
<NET-INVESTMENT-INCOME>                                    4
<REALIZED-GAINS-CURRENT>                                   8
<APPREC-INCREASE-CURRENT>                                 52
<NET-CHANGE-FROM-OPS>                                     64
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                  244 
<NUMBER-OF-SHARES-REDEEMED>                                0
<SHARES-REINVESTED>                                        0
<NET-CHANGE-IN-ASSETS>                                 2,523
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                      3
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                            3
<AVERAGE-NET-ASSETS>                                   1,537
<PER-SHARE-NAV-BEGIN>                                  10.00 
<PER-SHARE-NII>                                         0.03
<PER-SHARE-GAIN-APPREC>                                 0.29
<PER-SHARE-DIVIDEND>                                       0
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                    10.32
<EXPENSE-RATIO>                                         1.48
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>


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