WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 34,434,560
<INVESTMENTS-AT-VALUE> 33,500,210
<RECEIVABLES> 471,634
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,001
<TOTAL-ASSETS> 33,981,845
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,730
<TOTAL-LIABILITIES> 49,730
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,158,638
<SHARES-COMMON-STOCK> 2,649,842
<SHARES-COMMON-PRIOR> 2,841,606
<ACCUMULATED-NII-CURRENT> 46,577
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (338,750)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (934,350)
<NET-ASSETS> 33,932,115
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,318,819
<OTHER-INCOME> 0
<EXPENSES-NET> (357,216)
<NET-INVESTMENT-INCOME> 1,961,603
<REALIZED-GAINS-CURRENT> (263,572)
<APPREC-INCREASE-CURRENT> 162,678
<NET-CHANGE-FROM-OPS> 1,860,709
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,538,355)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,130,938
<NUMBER-OF-SHARES-REDEEMED> (1,448,917)
<SHARES-REINVESTED> 126,215
<NET-CHANGE-IN-ASSETS> 513,632
<ACCUMULATED-NII-PRIOR> 20,312
<ACCUMULATED-GAINS-PRIOR> (72,712)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 161,804
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 446,490
<AVERAGE-NET-ASSETS> 32,336,621
<PER-SHARE-NAV-BEGIN> 9.54
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.05)
<PER-SHARE-DIVIDEND> (0.58)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.50
<EXPENSE-RATIO> 0.99<F1>
<FN>
<F1>
Without the Manager's voluntary waiver of a portion of certain expenses for
this period, this fund would have had per share net investment income of
$0.57 and a ratio of expenses to average net assets of 1.20%. The amount
waived was $51,056.
</FN>
</TABLE>
