WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-annual
financial statements dated June 30, 2000 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 75,759,644
<INVESTMENTS-AT-VALUE> 57,893,131
<RECEIVABLES> 253,491
<ASSETS-OTHER> 687,508
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,834,130
<PAYABLE-FOR-SECURITIES> 389,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 487,536
<TOTAL-LIABILITIES> 877,411
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,772,534
<SHARES-COMMON-STOCK> 8,375,076
<SHARES-COMMON-PRIOR> 9,949,996
<ACCUMULATED-NII-CURRENT> (396,446)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (70,552,856)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17,866,513)
<NET-ASSETS> 57,956,719
<DIVIDEND-INCOME> 127,533
<INTEREST-INCOME> 370,338
<OTHER-INCOME> (4,573)
<EXPENSES-NET> 818,721
<NET-INVESTMENT-INCOME> (325,603)
<REALIZED-GAINS-CURRENT> 6,427,485
<APPREC-INCREASE-CURRENT> (5,529,329)
<NET-CHANGE-FROM-OPS> 572,553
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,437,063
<NUMBER-OF-SHARES-REDEEMED> 6,816,887
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,626,833)
<ACCUMULATED-NII-PRIOR> 765,427
<ACCUMULATED-GAINS-PRIOR> (71,386,733)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 476,949
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,091,415
<AVERAGE-NET-ASSETS> 76,748,853
<PER-SHARE-NAV-BEGIN> 6.74
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> .22
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.92
<EXPENSE-RATIO> 2.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
