US GLOBAL INVESTORS FUNDS
NSAR-A, 1998-03-02
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<PAGE>      PAGE  1
000 A000000 12/31/97
000 C000000 0000101507
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 U.S. GLOBAL INVESTORS FUNDS
001 B000000 811-1800
001 C000000 2103081234
002 A000000 7900 CALLAGHAN ROAD
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78229
002 D020000 2327
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 11
007 C010100  1
007 C020100 U.S. GOLD SHARES FUND
007 C030100 N
007 C010200  2
007 C020200 U.S. ALL AMERICAN EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 U.S. GLOBAL RESOURCES FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C020500 U.S. TREASURY SECURITIES CASH FUND
007 C030500 N
007 C010600  6
007 C020600 U.S. INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 U.S. TAX FREE FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C020900 U.S. WORLD GOLD FUND
007 C030900 N
007 C011000 10
007 C021000 U.S. GOVERNMENT SECURITIES SAVINGS FUND
007 C031000 N
007 C011100 11
007 C021100 U.S. REAL ESTATE FUND
<PAGE>      PAGE  2
007 C031100 N
007 C011200 12
007 C021200 UNITED SERVICES NEAR-TERM TAX FREE FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C021600 CHINA REGION OPPORTUNITY FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
008 A00AA01 U.S. GLOBAL INVESTORS, INC.
008 B00AA01 A
008 C00AA01 801-4868
008 D01AA01 SAN ANTONIO
008 D02AA01 TX
008 D03AA01 78229
008 D04AA01 2327
012 A00AA01 UNITED SHAREHOLDER SERVICES, INC.
012 B00AA01 84-01260
012 C01AA01 SAN ANTONIO
012 C02AA01 TX
012 C03AA01 78229
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10005
<PAGE>      PAGE  3
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   15
019 C00AA00 USGLOBALIN
020 A000001 ALLIED RESEARCH SERVICES, INC.
020 B000001 75-1872581
020 C000001    928
020 A000002 LEHMAN BROTHERS
020 B000002 13-2518466
020 C000002     98
020 A000003 SMITH BARNEY SHEARSON
020 B000003 13-3294654
020 C000003     95
020 A000004 BEAR, STEARNS, & CO.
020 B000004 13-3604093
020 C000004     73
020 A000005 LIPPER ANALYTICAL
020 B000005 13-2741729
020 C000005     61
020 A000006 GRIFFITHS MCBURNEY
020 C000006     56
020 A000007 SBC WARBURG INC.
020 B000007 13-3498485
020 C000007     50
020 A000008 FLEMING MARTIN INC.
020 B000008 13-3724403
020 C000008     50
020 A000009 NESBIT THOMSON
020 B000009 13-2620737
020 C000009     47
020 A000010 CROSBY SECURITIES
020 C000010     45
021  000000     1537
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001   6474906
022 D000001   1929629
022 A000002 PAINE WEBBER
022 B000002 13-2638166
022 C000002   3716288
022 D000002    950281
022 A000003 PRUDENTIAL
022 B000003 22-2347336
022 C000003   3602940
022 D000003   1031291
022 A000004 DONALDSON LUFKIN
022 B000004 13-2741729
022 C000004   2375354
022 D000004   1178217
022 A000005 MORGAN STANLEY
<PAGE>      PAGE  4
022 B000005 13-2655998
022 C000005   2296742
022 D000005    653719
022 A000006 FIRST BOSTON
022 B000006 13-5659485
022 C000006   2452202
022 D000006     48725
022 A000007 DEAN WITTER
022 B000007 94-1671384
022 C000007   1473756
022 D000007    374497
022 A000008 ZION FIRST NATL BANK
022 B000008 00-0000000
022 C000008   1341554
022 D000008    503268
022 A000009 CREDIT SUISSE
022 B000009 00-0000000
022 C000009    644121
022 D000009    532275
022 A000010 FUJI SECURITIES
022 B000010 36-2880742
022 C000010    622640
022 D000010    150320
023 C000000   25870211
023 D000000    7757831
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 Y
038  00AA00   4595
039  00AA00 Y
040  00AA00 N
041  00AA00 N
<PAGE>      PAGE  5
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
077 A000000 N
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
<PAGE>      PAGE  6
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
024  000100 Y
025 A000101 PRUDENTIAL
025 B000101 22-2347336
025 C000101 D
025 D000101   11732
025 A000102 DONALDSON LUFKIN
025 B000102 13-2741729
025 C000102 D
025 D000102   11000
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100    361241
028 A020100         0
028 A030100         0
028 A040100    346199
028 B010100    267027
028 B020100         0
028 B030100         0
028 B040100    277341
028 C010100    216668
028 C020100         0
028 C030100         0
028 C040100    144080
028 D010100    381896
028 D020100         0
028 D030100         0
028 D040100    383791
028 E010100    150356
028 E020100         0
028 E030100         0
028 E040100    230390
028 F010100    235210
028 F020100         0
028 F030100         0
028 F040100    220837
028 G010100   1612398
028 G020100         0
028 G030100         0
028 G040100   1602638
028 H000100         0
045  000100 Y
046  000100 N
<PAGE>      PAGE  7
047  000100 Y
048  000100  0.000
048 A010100   250000
048 A020100 0.750
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100   250000
048 K020100 0.500
055 A000100 Y
055 B000100 N
056  000100 N
057  000100 N
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 C000100 Y
067  000100 N
<PAGE>      PAGE  8
068 A000100 Y
068 B000100 Y
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     90615
071 B000100    135003
071 C000100    236093
071 D000100   77
072 A000100  6
072 B000100      544
072 C000100     1053
072 D000100        0
072 E000100        0
072 F000100      363
072 G000100        0
072 H000100        0
<PAGE>      PAGE  9
072 I000100      533
072 J000100       60
072 K000100        0
072 L000100       60
072 M000100       11
072 N000100       18
072 O000100        0
072 P000100        0
072 Q000100       52
072 R000100        9
072 S000100       12
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       16
072 X000100     1134
072 Y000100      329
072 Z000100      792
072AA000100        0
072BB000100    28222
072CC010100     2097
072CC020100        0
072DD010100     1401
072DD020100        0
072EE000100        0
073 A010100   0.0100
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       49
074 B000100    22732
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    43027
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100    10424
074 K000100        0
074 L000100    15313
074 M000100        8
074 N000100    91553
074 O000100    22848
074 P000100       49
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     2535
074 S000100        0
<PAGE>      PAGE  10
074 T000100    66121
074 U010100   116783
074 U020100        0
074 V010100     0.57
074 V020100     0.00
074 W000100   0.0000
074 X000100    54950
074 Y000100        0
075 A000100        0
075 B000100    94102
076  000100     0.00
024  000200 Y
025 A000201 PRUDENITAL
025 B000201 22-2347336
025 C000201 D
025 D000201    4031
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200      3174
028 A020200         0
028 A030200         0
028 A040200      2550
028 B010200      1889
028 B020200         0
028 B030200         0
028 B040200      2110
028 C010200      2144
028 C020200        67
028 C030200         0
028 C040200      1804
028 D010200      2167
028 D020200         0
028 D030200         0
028 D040200      2446
028 E010200      1818
028 E020200         0
028 E030200         0
028 E040200      1695
028 F010200      2544
028 F020200         0
028 F030200         0
028 F040200      2707
028 G010200     13736
028 G020200        67
028 G030200         0
028 G040200     13312
<PAGE>      PAGE  11
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200   250000
048 A020200 0.750
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200   250000
048 K020200 0.500
055 A000200 N
055 B000200 N
056  000200 N
057  000200 N
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
<PAGE>      PAGE  12
066 A000200 Y
066 G000200 Y
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200      2691
071 B000200      1475
071 C000200     19940
071 D000200   15
072 A000200  6
072 B000200      116
072 C000200      179
072 D000200        0
072 E000200        0
<PAGE>      PAGE  13
072 F000200      101
072 G000200        0
072 H000200        0
072 I000200       43
072 J000200       11
072 K000200        0
072 L000200        6
072 M000200        3
072 N000200       14
072 O000200        0
072 P000200        0
072 Q000200       21
072 R000200        6
072 S000200        3
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        6
072 X000200      214
072 Y000200       78
072 Z000200      159
072AA000200      541
072BB000200        0
072CC010200     1237
072CC020200        0
072DD010200       76
072DD020200        0
072EE000200      451
073 A010200   0.0900
073 A020200   0.0000
073 B000200   0.5500
073 C000200   0.0000
074 A000200       30
074 B000200     4031
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200    23821
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200     4279
074 K000200       20
074 L000200       47
074 M000200        3
074 N000200    32231
074 O000200     4184
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
<PAGE>      PAGE  14
074 R030200        0
074 R040200      663
074 S000200        0
074 T000200    27384
074 U010200      827
074 U020200        0
074 V010200    33.13
074 V020200     0.00
074 W000200   0.0000
074 X000200     5510
074 Y000200        0
075 A000200        0
075 B000200    27202
076  000200     0.00
024  000300 Y
025 A000301 PRUDENTIAL
025 B000301 22-2347336
025 C000301 D
025 D000301     227
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300      1769
028 A020300         0
028 A030300         0
028 A040300      1690
028 B010300      2143
028 B020300         0
028 B030300         0
028 B040300      1543
028 C010300      7108
028 C020300         0
028 C030300         0
028 C040300      2170
028 D010300      9463
028 D020300         0
028 D030300         0
028 D040300      9481
028 E010300      1685
028 E020300         0
028 E030300         0
028 E040300      4176
028 F010300      1104
028 F020300         0
028 F030300         0
028 F040300      2447
028 G010300     23272
<PAGE>      PAGE  15
028 G020300         0
028 G030300         0
028 G040300     21507
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300   250000
048 A020300 1.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300   250000
048 K020300 0.500
055 A000300 Y
055 B000300 N
056  000300 N
057  000300 N
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
<PAGE>      PAGE  16
062 R000300   0.0
063 A000300   0
063 B000300  0.0
066 A000300 Y
066 C000300 Y
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     26025
071 B000300     23025
071 C000300     27625
071 D000300  163
072 A000300  6
072 B000300       20
<PAGE>      PAGE  17
072 C000300       77
072 D000300        0
072 E000300        0
072 F000300      181
072 G000300        0
072 H000300        0
072 I000300      101
072 J000300       22
072 K000300        0
072 L000300       11
072 M000300        5
072 N000300       12
072 O000300        0
072 P000300        0
072 Q000300       46
072 R000300        7
072 S000300        4
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        9
072 X000300      398
072 Y000300       11
072 Z000300     -290
072AA000300     3601
072BB000300        0
072CC010300        0
072CC020300     6327
072DD010300        0
072DD020300        0
072EE000300     3781
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.9100
073 C000300   0.0000
074 A000300      223
074 B000300      226
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300    28148
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300      809
074 K000300        0
074 L000300      150
074 M000300        2
074 N000300    29558
074 O000300      402
074 P000300       22
<PAGE>      PAGE  18
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300     4166
074 S000300        0
074 T000300    24968
074 U010300     4178
074 U020300        0
074 V010300     5.98
074 V020300     0.00
074 W000300   0.0000
074 X000300    15749
074 Y000300        0
075 A000300        0
075 B000300    35995
076  000300     0.00
024  000500 Y
025 A000501 DONALDSON LUFKIN
025 B000501 13-2741729
025 C000501 D
025 D000501   15068
025 A000502 DELETE
025 D000502       0
025 A000503 DELETE
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500    414856
028 A020500       763
028 A030500         0
028 A040500    430853
028 B010500    329982
028 B020500       749
028 B030500         0
028 B040500    329764
028 C010500    199462
028 C020500       664
028 C030500         0
028 C040500    266757
028 D010500    435073
028 D020500       780
028 D030500         0
028 D040500    438296
028 E010500    259689
028 E020500       637
028 E030500         0
028 E040500    192761
<PAGE>      PAGE  19
028 F010500    252678
028 F020500       744
028 F030500         0
028 F040500    285776
028 G010500   1891740
028 G020500      4337
028 G030500         0
028 G040500   1944207
028 H000500         0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.500
048 A010500        0
048 A020500 0.000
048 B010500        0
048 B020500 0.000
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
055 A000500 Y
055 B000500 N
056  000500 N
057  000500 N
062 A000500 Y
062 B000500  90.2
062 C000500   0.0
062 D000500   8.3
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
<PAGE>      PAGE  20
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500  77
063 B000500  0.0
064 A000500 N
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
<PAGE>      PAGE  21
071 A000500         0
071 B000500         0
071 C000500         0
071 D000500    0
072 A000500  6
072 B000500     5357
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500      472
072 G000500        0
072 H000500        0
072 I000500      183
072 J000500       76
072 K000500        0
072 L000500       18
072 M000500       18
072 N000500       32
072 O000500        0
072 P000500        0
072 Q000500       56
072 R000500       13
072 S000500       23
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500       61
072 X000500      952
072 Y000500        1
072 Z000500     4406
072AA000500       21
072BB000500        0
072CC010500        0
072CC020500        0
072DD010500     4427
072DD020500        0
072EE000500        0
073 A010500   0.0200
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500    15068
074 C000500   164562
074 D000500        0
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500   101691
<PAGE>      PAGE  22
074 K000500        0
074 L000500     3535
074 M000500      215
074 N000500   285071
074 O000500    84486
074 P000500       60
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500    18154
074 S000500        0
074 T000500   182371
074 U010500   182373
074 U020500        0
074 V010500     1.00
074 V020500     0.00
074 W000500   1.0000
074 X000500    20500
074 Y000500        0
075 A000500   194856
075 B000500        0
076  000500     0.00
024  000600 Y
025 A000601 PRUDENTIAL
025 B000601 22-2347336
025 C000601 D
025 D000601     812
025 D000602       0
025 D000603       0
025 D000604       0
025 D000605       0
025 D000606       0
025 D000607       0
025 D000608       0
028 A010600       585
028 A020600         0
028 A030600         0
028 A040600       540
028 B010600       162
028 B020600         0
028 B030600         0
028 B040600       554
028 C010600       357
028 C020600        45
028 C030600         0
028 C040600       208
028 D010600       429
028 D020600         0
028 D030600         0
028 D040600       456
<PAGE>      PAGE  23
028 E010600       392
028 E020600         0
028 E030600         0
028 E040600       235
028 F010600       731
028 F020600         0
028 F030600         0
028 F040600       694
028 G010600      2656
028 G020600        45
028 G030600         0
028 G040600      2687
028 H000600         0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.000
048 A010600   250000
048 A020600 0.750
048 B010600        0
048 B020600 0.000
048 C010600        0
048 C020600 0.000
048 D010600        0
048 D020600 0.000
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600   250000
048 K020600 0.500
055 A000600 Y
055 B000600 N
056  000600 N
057  000600 N
062 A000600 N
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
<PAGE>      PAGE  24
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600   0
063 B000600  0.0
066 A000600 Y
066 E000600 Y
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
<PAGE>      PAGE  25
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600       454
071 B000600       384
071 C000600      8045
071 D000600   10
072 A000600  6
072 B000600       21
072 C000600      176
072 D000600        0
072 E000600        0
072 F000600       37
072 G000600        0
072 H000600        0
072 I000600       21
072 J000600        5
072 K000600        0
072 L000600        2
072 M000600        3
072 N000600        9
072 O000600        0
072 P000600        0
072 Q000600       20
072 R000600        4
072 S000600        1
072 T000600        0
072 U000600        0
072 V000600        0
072 W000600        2
072 X000600      104
072 Y000600        0
072 Z000600       93
072AA000600       34
072BB000600        0
072CC010600     1023
072CC020600        0
072DD010600       73
072DD020600        0
072EE000600     1426
073 A010600   0.1100
073 A020600   0.0000
073 B000600   2.1500
073 C000600   0.0000
074 A000600        0
074 B000600      812
074 C000600        0
074 D000600      186
074 E000600      385
074 F000600     9346
074 G000600        0
<PAGE>      PAGE  26
074 H000600        0
074 I000600        0
074 J000600      804
074 K000600        0
074 L000600       38
074 M000600        3
074 N000600    11574
074 O000600      812
074 P000600        7
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600     1461
074 S000600        0
074 T000600     9294
074 U010600      664
074 U020600        0
074 V010600    14.00
074 V020600     0.00
074 W000600   0.0000
074 X000600     2373
074 Y000600        0
075 A000600        0
075 B000600     9939
076  000600     0.00
024  000700 Y
025 A000701 PRUDENTIAL
025 B000701 22-2347336
025 C000701 D
025 D000701    1357
025 D000702       0
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
028 A010700      1508
028 A020700        57
028 A030700         0
028 A040700       771
028 B010700       681
028 B020700        60
028 B030700         0
028 B040700       810
028 C010700       697
028 C020700        64
028 C030700         0
028 C040700       876
028 D010700      1023
<PAGE>      PAGE  27
028 D020700         0
028 D030700         0
028 D040700       731
028 E010700       360
028 E020700        60
028 E030700         0
028 E040700       319
028 F010700       857
028 F020700        53
028 F030700         0
028 F040700       301
028 G010700      5126
028 G020700       294
028 G030700         0
028 G040700      3808
028 H000700         0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.000
048 A010700   250000
048 A020700 0.750
048 B010700        0
048 B020700 0.000
048 C010700        0
048 C020700 0.000
048 D010700        0
048 D020700 0.000
048 E010700        0
048 E020700 0.000
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700   250000
048 K020700 0.500
055 A000700 Y
055 B000700 N
056  000700 N
057  000700 N
062 A000700 Y
062 B000700   0.0
062 C000700   0.0
062 D000700   6.6
062 E000700   0.0
<PAGE>      PAGE  28
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700  97.4
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700   0
063 B000700 17.1
064 A000700 N
064 B000700 N
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 Y
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 N
<PAGE>      PAGE  29
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700      7006
071 B000700      4431
071 C000700     19422
071 D000700   46
072 A000700  6
072 B000700      538
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700       73
072 G000700        0
072 H000700        0
072 I000700       18
072 J000700        4
072 K000700        0
072 L000700        2
072 M000700        2
072 N000700        9
072 O000700        0
072 P000700        0
072 Q000700       21
072 R000700        4
072 S000700        3
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        5
072 X000700      141
072 Y000700       72
072 Z000700      469
072AA000700       75
072BB000700        0
072CC010700      471
072CC020700        0
072DD010700      462
072DD020700        0
072EE000700        0
073 A010700   0.2900
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700        0
074 B000700     1357
074 C000700        0
<PAGE>      PAGE  30
074 D000700    19957
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700     1360
074 K000700       17
074 L000700      348
074 M000700        3
074 N000700    23042
074 O000700     2446
074 P000700        0
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700      102
074 S000700        0
074 T000700    20494
074 U010700     1675
074 U020700        0
074 V010700    12.24
074 V020700     0.00
074 W000700   0.0000
074 X000700     1724
074 Y000700        0
075 A000700        0
075 B000700    19664
076  000700     0.00
024  000900 Y
025 A000901 PRUDENTIAL
025 B000901 22-2347336
025 C000901 D
025 D000901    9119
025 D000902       0
025 D000903       0
025 D000904       0
025 D000905       0
025 D000906       0
025 D000907       0
025 D000908       0
028 A010900     41560
028 A020900         0
028 A030900         0
028 A040900     36870
028 B010900     45990
028 B020900         0
028 B030900         0
028 B040900     52359
028 C010900     43455
<PAGE>      PAGE  31
028 C020900         0
028 C030900         0
028 C040900     25388
028 D010900     56824
028 D020900         0
028 D030900         0
028 D040900     66695
028 E010900     19007
028 E020900         0
028 E030900         0
028 E040900     32859
028 F010900     46094
028 F020900         0
028 F030900         0
028 F040900     40666
028 G010900    252930
028 G020900         0
028 G030900         0
028 G040900    254837
028 H000900         0
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.000
048 A010900   250000
048 A020900 1.000
048 B010900        0
048 B020900 0.000
048 C010900        0
048 C020900 0.000
048 D010900        0
048 D020900 0.000
048 E010900        0
048 E020900 0.000
048 F010900        0
048 F020900 0.000
048 G010900        0
048 G020900 0.000
048 H010900        0
048 H020900 0.000
048 I010900        0
048 I020900 0.000
048 J010900        0
048 J020900 0.000
048 K010900   250000
048 K020900 0.500
055 A000900 Y
055 B000900 N
056  000900 N
057  000900 N
062 A000900 Y
<PAGE>      PAGE  32
062 B000900   0.0
062 C000900   0.0
062 D000900   3.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900   0.0
062 N000900   0.0
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
063 A000900   0
063 B000900  0.0
066 A000900 Y
066 C000900 Y
067  000900 N
068 A000900 Y
068 B000900 Y
069  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
<PAGE>      PAGE  33
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 Y
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900     15486
071 B000900     30013
071 C000900    178698
071 D000900   17
072 A000900  6
072 B000900      175
072 C000900      535
072 D000900        0
072 E000900        0
072 F000900      833
072 G000900        0
072 H000900        0
072 I000900      350
072 J000900       16
072 K000900        0
072 L000900       36
072 M000900       14
072 N000900       17
072 O000900        0
072 P000900        0
072 Q000900       97
072 R000900       14
072 S000900       24
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900       58
072 X000900     1460
072 Y000900        3
072 Z000900     -746
072AA000900       89
072BB000900        0
072CC010900        0
072CC020900    52996
072DD010900     1638
072DD020900        0
072EE000900        0
073 A010900   0.1400
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
<PAGE>      PAGE  34
074 A000900      187
074 B000900     9119
074 C000900        0
074 D000900      132
074 E000900        0
074 F000900   121037
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900     6388
074 K000900        0
074 L000900     7174
074 M000900        9
074 N000900   144046
074 O000900     9696
074 P000900      109
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900     2930
074 S000900        0
074 T000900   131311
074 U010900    11781
074 U020900        0
074 V010900    11.15
074 V020900     0.00
074 W000900   0.0000
074 X000900    32018
074 Y000900        0
075 A000900        0
075 B000900   161975
076  000900     0.00
024  001000 N
028 A011000     50701
028 A021000      3108
028 A031000         0
028 A041000     48540
028 B011000     55912
028 B021000      3236
028 B031000         0
028 B041000     43344
028 C011000     53303
028 C021000      2977
028 C031000         0
028 C041000     54703
028 D011000     63492
028 D021000      3077
028 D031000         0
028 D041000     54294
028 E011000     48820
<PAGE>      PAGE  35
028 E021000      2921
028 E031000         0
028 E041000     45442
028 F011000     55234
028 F021000      3489
028 F031000         0
028 F041000     58796
028 G011000    327462
028 G021000     18808
028 G031000         0
028 G041000    305119
028 H001000         0
045  001000 Y
046  001000 N
047  001000 Y
048  001000  0.400
048 A011000        0
048 A021000 0.000
048 B011000        0
048 B021000 0.000
048 C011000        0
048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
055 A001000 Y
055 B001000 N
056  001000 N
057  001000 N
062 A001000 Y
062 B001000   0.0
062 C001000  98.4
062 D001000   0.0
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
<PAGE>      PAGE  36
062 J001000   0.0
062 K001000   0.0
062 L001000   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
063 A001000 164
063 B001000  0.0
064 A001000 N
064 B001000 N
066 A001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 Y
070 P011000 Y
070 P021000 N
070 Q011000 N
<PAGE>      PAGE  37
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000         0
071 B001000         0
071 C001000         0
071 D001000    0
072 A001000  6
072 B001000    20125
072 C001000        0
072 D001000        0
072 E001000        0
072 F001000     1485
072 G001000        0
072 H001000        0
072 I001000      404
072 J001000       64
072 K001000        0
072 L001000       39
072 M001000       56
072 N001000       60
072 O001000        0
072 P001000        0
072 Q001000      113
072 R001000       34
072 S001000       85
072 T001000        0
072 U001000        0
072 V001000        0
072 W001000       97
072 X001000     2437
072 Y001000     1346
072 Z001000    19034
072AA001000        0
072BB001000        1
072CC011000        0
072CC021000        0
072DD011000    19026
072DD021000        0
072EE001000        0
073 A011000   0.0300
073 A021000   0.0000
073 B001000   0.0000
073 C001000   0.0000
074 A001000        0
074 B001000        0
074 C001000   720979
074 D001000        0
074 E001000        0
074 F001000        0
074 G001000        0
<PAGE>      PAGE  38
074 H001000        0
074 I001000        0
074 J001000    42289
074 K001000      282
074 L001000    10698
074 M001000       49
074 N001000   774297
074 O001000    40480
074 P001000        0
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      888
074 S001000        0
074 T001000   732929
074 U011000   732972
074 U021000        0
074 V011000     1.00
074 V021000     0.00
074 W001000   1.0000
074 X001000    24734
074 Y001000        0
075 A001000   723539
075 B001000        0
076  001000     0.00
024  001100 N
025 A001101 PRUDENTIAL
025 B001101 22-2347336
025 C001101 D
025 D001101     184
025 D001102       0
025 D001103       0
025 D001104       0
025 D001105       0
025 D001106       0
025 D001107       0
025 D001108       0
028 A011100      1075
028 A021100         0
028 A031100         0
028 A041100      1314
028 B011100       390
028 B021100         0
028 B031100         0
028 B041100       833
028 C011100      1983
028 C021100         0
028 C031100         0
028 C041100       851
028 D011100      1953
<PAGE>      PAGE  39
028 D021100         0
028 D031100         0
028 D041100      2586
028 E011100       655
028 E021100         0
028 E031100         0
028 E041100       703
028 F011100      2128
028 F021100         0
028 F031100         0
028 F041100       811
028 G011100      8184
028 G021100         0
028 G031100         0
028 G041100      7098
028 H001100         0
045  001100 Y
046  001100 N
047  001100 Y
048  001100  0.000
048 A011100   250000
048 A021100 0.750
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100   250000
048 K021100 0.500
055 A001100 Y
055 B001100 N
056  001100 N
057  001100 N
062 A001100 N
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
<PAGE>      PAGE  40
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
063 B001100  0.0
066 A001100 Y
066 C001100 Y
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
<PAGE>      PAGE  41
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100      1026
071 B001100      1410
071 C001100     12756
071 D001100   16
072 A001100  6
072 B001100       18
072 C001100      369
072 D001100        0
072 E001100        0
072 F001100       57
072 G001100        0
072 H001100        0
072 I001100       27
072 J001100        7
072 K001100        0
072 L001100        3
072 M001100        3
072 N001100       11
072 O001100        0
072 P001100        0
072 Q001100       19
072 R001100        5
072 S001100        2
072 T001100        0
072 U001100        0
072 V001100        0
072 W001100        1
072 X001100      135
072 Y001100        3
072 Z001100      255
072AA001100      327
072BB001100        0
072CC011100     1223
072CC021100        0
072DD011100      296
072DD021100        0
072EE001100      278
073 A011100   0.2800
073 A021100   0.0000
073 B001100   0.2700
073 C001100   0.0000
074 A001100       84
074 B001100     1754
074 C001100        0
074 D001100        0
<PAGE>      PAGE  42
074 E001100        0
074 F001100    14922
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100     1685
074 K001100        0
074 L001100      280
074 M001100        3
074 N001100    18728
074 O001100     1838
074 P001100       11
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100      582
074 S001100        0
074 T001100    16297
074 U011100     1048
074 U021100        0
074 V011100    15.54
074 V021100     0.00
074 W001100   0.0000
074 X001100     2931
074 Y001100        0
075 A001100        0
075 B001100    14676
076  001100     0.00
024  001200 Y
025 A001201 PAINE WEBBER
025 B001201 13-2638166
025 C001201 D
025 D001201    1223
025 D001202       0
025 D001203       0
025 D001204       0
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200       456
028 A021200        22
028 A031200         0
028 A041200       232
028 B011200        75
028 B021200        22
028 B031200         0
028 B041200       189
028 C011200       279
028 C021200        25
<PAGE>      PAGE  43
028 C031200         0
028 C041200       166
028 D011200       285
028 D021200         0
028 D031200         0
028 D041200       252
028 E011200       114
028 E021200        23
028 E031200         0
028 E041200       110
028 F011200        10
028 F021200        22
028 F031200         0
028 F041200       168
028 G011200      1219
028 G021200       114
028 G031200         0
028 G041200      1117
028 H001200         0
045  001200 Y
046  001200 N
047  001200 Y
048  001200  0.500
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
055 A001200 Y
055 B001200 N
056  001200 N
057  001200 N
062 A001200 Y
062 B001200   0.0
<PAGE>      PAGE  44
062 C001200   0.0
062 D001200   2.4
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200  96.2
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200   0
063 B001200  7.4
064 A001200 N
064 B001200 N
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 N
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
<PAGE>      PAGE  45
070 N011200 Y
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200      3090
071 B001200      1796
071 C001200      7710
071 D001200   47
072 A001200  6
072 B001200      187
072 C001200        0
072 D001200        0
072 E001200        0
072 F001200       19
072 G001200        0
072 H001200        0
072 I001200        5
072 J001200        2
072 K001200        0
072 L001200        1
072 M001200        1
072 N001200        7
072 O001200        0
072 P001200        0
072 Q001200       20
072 R001200        4
072 S001200        1
072 T001200        0
072 U001200        0
072 V001200        0
072 W001200        3
072 X001200       63
072 Y001200       36
072 Z001200      160
072AA001200       18
072BB001200        0
072CC011200      121
072CC021200        0
072DD011200      160
072DD021200        0
072EE001200        0
073 A011200   0.2200
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
<PAGE>      PAGE  46
074 A001200        0
074 B001200      184
074 C001200        0
074 D001200     7412
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200      194
074 K001200       14
074 L001200      129
074 M001200        3
074 N001200     7936
074 O001200      184
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200       48
074 S001200        0
074 T001200     7704
074 U011200      721
074 U021200        0
074 V011200    10.68
074 V021200     0.00
074 W001200   0.0000
074 X001200      606
074 Y001200        0
075 A001200        0
075 B001200     7714
076  001200     0.00
024  001400 N
028 A011400         0
028 A021400         0
028 A031400         0
028 A041400         0
028 B011400         0
028 B021400         0
028 B031400         0
028 B041400         0
028 C011400         0
028 C021400         0
028 C031400         0
028 C041400         0
028 D011400         0
028 D021400         0
028 D031400         0
028 D041400         0
028 E011400         0
<PAGE>      PAGE  47
028 E021400         0
028 E031400         0
028 E041400         0
028 F011400         0
028 F021400         0
028 F031400         0
028 F041400         0
028 G011400         0
028 G021400         0
028 G031400         0
028 G041400         0
028 H001400         0
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.500
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
055 A001400 N
055 B001400 N
056  001400 N
057  001400 N
062 A001400 N
062 B001400   0.0
062 C001400   0.0
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
<PAGE>      PAGE  48
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
063 A001400   0
063 B001400  0.0
064 A001400 N
064 B001400 N
066 A001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 N
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 N
070 J021400 N
070 K011400 N
070 K021400 N
070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
<PAGE>      PAGE  49
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400         0
071 B001400         0
071 C001400         0
071 D001400    0
072 A001400  1
072 B001400        0
072 C001400        0
072 D001400        0
072 E001400        0
072 F001400        0
072 G001400        0
072 H001400        0
072 I001400        0
072 J001400        0
072 K001400        0
072 L001400        0
072 M001400        0
072 N001400        0
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400        0
072 S001400        0
072 T001400        0
072 U001400        0
072 V001400        0
072 W001400        0
072 X001400        0
072 Y001400        0
072 Z001400        0
072AA001400        0
072BB001400        0
072CC011400        0
072CC021400        0
072DD011400        0
072DD021400        0
072EE001400        0
073 A011400   0.0000
073 A021400   0.0000
073 B001400   0.0000
073 C001400   0.0000
074 A001400        0
074 B001400        0
074 C001400        0
074 D001400        0
074 E001400        0
074 F001400        0
074 G001400        0
<PAGE>      PAGE  50
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400        0
074 M001400        0
074 N001400        0
074 O001400        0
074 P001400        0
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400        0
074 S001400        0
074 T001400        0
074 U011400        0
074 U021400        0
074 V011400     0.00
074 V021400     0.00
074 W001400   0.0000
074 X001400        0
074 Y001400        0
075 A001400        0
075 B001400        0
076  001400     0.00
024  001600 Y
025 A001601 PRUDENTIAL
025 B001601 22-2347336
025 C001601 D
025 D001601     508
025 D001602       0
025 D001603       0
025 D001604       0
025 D001605       0
025 D001606       0
025 D001607       0
025 D001608       0
028 A011600      3575
028 A021600         0
028 A031600         0
028 A041600      3222
028 B011600      7036
028 B021600         0
028 B031600         0
028 B041600      5024
028 C011600      3600
028 C021600         0
028 C031600         0
028 C041600      6668
028 D011600      5069
<PAGE>      PAGE  51
028 D021600         0
028 D031600         0
028 D041600      6557
028 E011600      2051
028 E021600         0
028 E031600         0
028 E041600      2393
028 F011600      1053
028 F021600         0
028 F031600         0
028 F041600      2169
028 G011600     22384
028 G021600         0
028 G031600         0
028 G041600     26033
028 H001600         0
045  001600 Y
046  001600 N
047  001600 Y
048  001600  1.250
048 A011600        0
048 A021600 0.000
048 B011600        0
048 B021600 0.000
048 C011600        0
048 C021600 0.000
048 D011600        0
048 D021600 0.000
048 E011600        0
048 E021600 0.000
048 F011600        0
048 F021600 0.000
048 G011600        0
048 G021600 0.000
048 H011600        0
048 H021600 0.000
048 I011600        0
048 I021600 0.000
048 J011600        0
048 J021600 0.000
048 K011600        0
048 K021600 0.000
055 A001600 N
055 B001600 N
056  001600 N
057  001600 N
062 A001600 N
062 B001600   0.0
062 C001600   0.0
062 D001600   0.0
062 E001600   0.0
<PAGE>      PAGE  52
062 F001600   0.0
062 G001600   0.0
062 H001600   0.0
062 I001600   0.0
062 J001600   0.0
062 K001600   0.0
062 L001600   0.0
062 M001600   0.0
062 N001600   0.0
062 O001600   0.0
062 P001600   0.0
062 Q001600   0.0
062 R001600   0.0
063 A001600   0
063 B001600  0.0
066 A001600 Y
066 B001600 N
066 C001600 Y
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 N
067  001600 N
068 A001600 N
068 B001600 Y
069  001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
<PAGE>      PAGE  53
070 M021600 Y
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600      4016
071 B001600      1873
071 C001600      7293
071 D001600   51
072 A001600  6
072 B001600      104
072 C001600      337
072 D001600        0
072 E001600        0
072 F001600      239
072 G001600        0
072 H001600        0
072 I001600       97
072 J001600       12
072 K001600        0
072 L001600       10
072 M001600        5
072 N001600       11
072 O001600        0
072 P001600        0
072 Q001600       60
072 R001600        7
072 S001600        4
072 T001600        0
072 U001600        1
072 V001600        0
072 W001600       15
072 X001600      462
072 Y001600        1
072 Z001600      -19
072AA001600      237
072BB001600        0
072CC011600        0
072CC021600    13151
072DD011600      208
072DD021600        0
072EE001600        0
073 A011600   0.0500
073 A021600   0.0000
073 B001600   0.0000
<PAGE>      PAGE  54
073 C001600   0.0000
074 A001600        2
074 B001600      508
074 C001600        0
074 D001600        0
074 E001600        0
074 F001600    25267
074 G001600        0
074 H001600        0
074 I001600        0
074 J001600      606
074 K001600        0
074 L001600      142
074 M001600        5
074 N001600    26530
074 O001600      508
074 P001600       30
074 Q001600        0
074 R011600        0
074 R021600        0
074 R031600        0
074 R041600      372
074 S001600        0
074 T001600    25620
074 U011600     4417
074 U021600        0
074 V011600     5.80
074 V021600     0.00
074 W001600   0.0000
074 X001600     9543
074 Y001600        0
075 A001600        0
075 B001600    36702
076  001600     0.00
SIGNATURE   CATHERINE M. VACCA                           
TITLE       DEPUTY MANAGER      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		17,686,043
<INVESTMENTS-AT-VALUE>		27,852,276
<RECEIVABLES>		4,363,443
<ASSETS-OTHER>		32,714
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		32,248,433
<PAYABLE-FOR-SECURITIES>		4,183,786
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		680,495
<TOTAL-LIABILITIES>		4,864,281
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		16,892,262
<SHARES-COMMON-STOCK>		826,660
<SHARES-COMMON-PRIOR>		812,866
<ACCUMULATED-NII-CURRENT>		82,136
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		243,521
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		10,166,233
<NET-ASSETS>		27,384,152
<DIVIDEND-INCOME>		178,802
<INTEREST-INCOME>		116,124
<OTHER-INCOME>		0 
<EXPENSES-NET>		135,624
<NET-INVESTMENT-INCOME>		159,302 
<REALIZED-GAINS-CURRENT>		541,471
<APPREC-INCREASE-CURRENT>		1,237,244
<NET-CHANGE-FROM-OPS>		1,938,017
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(76,206)
<DISTRIBUTIONS-OF-GAINS>	 (450,529)
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		13,877,055
<NUMBER-OF-SHARES-REDEEMED>		(13,449,173)
<SHARES-REINVESTED>		66,616
<NET-CHANGE-IN-ASSETS>		1,905,780
<ACCUMULATED-NII-PRIOR>		(960)
<ACCUMULATED-GAINS-PRIOR>		152,579
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		101,486
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		214,290
<AVERAGE-NET-ASSETS>		27,202,401
<PER-SHARE-NAV-BEGIN>		31.34 
<PER-SHARE-NII>		.19 
<PER-SHARE-GAIN-APPREC>		2.24 
<PER-SHARE-DIVIDEND>		(.09)
<PER-SHARE-DISTRIBUTIONS>		(0.55)
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		33.13 
<EXPENSE-RATIO>		1.00 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		32,925,789 
<INVESTMENTS-AT-VALUE>	 25,775,238
<RECEIVABLES>		654,463 
<ASSETS-OTHER>		100,531 
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		26,530,232
<PAYABLE-FOR-SECURITIES>		507,678
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		402,540
<TOTAL-LIABILITIES>		910,218
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		37,240,803
<SHARES-COMMON-STOCK>		4,417,376
<SHARES-COMMON-PRIOR>		4,897,397
<ACCUMULATED-NII-CURRENT>		(22,296)
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		(4,447,921)
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		(7,150,572)
<NET-ASSETS>		25,620,014
<DIVIDEND-INCOME>		337,068
<INTEREST-INCOME>		104,431
<OTHER-INCOME>		0 
<EXPENSES-NET>		460,998
<NET-INVESTMENT-INCOME>		(19,499)
<REALIZED-GAINS-CURRENT>		237,167
<APPREC-INCREASE-CURRENT>		(13,151,177)
<NET-CHANGE-FROM-OPS>		12,914,010 
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(207,619)
<DISTRIBUTIONS-OF-GAINS>		0 
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		23,130,497
<NUMBER-OF-SHARES-REDEEMED>		(26,468,368)
<SHARES-REINVESTED>		0 
<NET-CHANGE-IN-ASSETS>		(16,478,999)
<ACCUMULATED-NII-PRIOR>		204,822
<ACCUMULATED-GAINS-PRIOR>		(4,685,088)
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		239,121
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		461,553
<AVERAGE-NET-ASSETS>		36,702,345
<PER-SHARE-NAV-BEGIN>		8.60 
<PER-SHARE-NII>		.00 
<PER-SHARE-GAIN-APPREC>		(2.75)
<PER-SHARE-DIVIDEND>		(.05)
<PER-SHARE-DISTRIBUTIONS>		0 
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		5.80 
<EXPENSE-RATIO>		2.49 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		29,531,619 
<INVESTMENTS-AT-VALUE>		28,374,361
<RECEIVABLES>		958,752 
<ASSETS-OTHER>		224,729 
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		29,557,842
<PAYABLE-FOR-SECURITIES>		402,170
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		4,188,449
<TOTAL-LIABILITIES>		4,590,619 
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		26,000,760
<SHARES-COMMON-STOCK>		4,178,335
<SHARES-COMMON-PRIOR>		4,088,414
<ACCUMULATED-NII-CURRENT>		(289,847)
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		413,572 
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		(1,157,262)
<NET-ASSETS>		24,967,223
<DIVIDEND-INCOME>		76,723
<INTEREST-INCOME>		20,232
<OTHER-INCOME>		0 
<EXPENSES-NET>		386,590
<NET-INVESTMENT-INCOME>		(289,635)
<REALIZED-GAINS-CURRENT>		3,600,589
<APPREC-INCREASE-CURRENT>		(6,326,622)
<NET-CHANGE-FROM-OPS>		(3,015,668)
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		0 
<DISTRIBUTIONS-OF-GAINS>		(3,781,393)
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		23,287,628 
<NUMBER-OF-SHARES-REDEEMED>		(21,506,713)
<SHARES-REINVESTED>		0 
<NET-CHANGE-IN-ASSETS>		(5,016,146)
<ACCUMULATED-NII-PRIOR>		(212)
<ACCUMULATED-GAINS-PRIOR>		594,376 
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		181,235 
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		397,945 
<AVERAGE-NET-ASSETS>		35,995,056 
<PER-SHARE-NAV-BEGIN>		7.33 
<PER-SHARE-NII>		(.07)
<PER-SHARE-GAIN-APPREC>		(.37)
<PER-SHARE-DIVIDEND>		.00 
<PER-SHARE-DISTRIBUTIONS>		(0.91)
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		5.98 
<EXPENSE-RATIO>		2.13 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		97,145,992 
<INVESTMENTS-AT-VALUE>		65,759,219 
<RECEIVABLES>		25,738,126
<ASSETS-OTHER>		57,032 
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		91,554,377
<PAYABLE-FOR-SECURITIES>		22,848,002
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		2,585,148
<TOTAL-LIABILITIES>		25,433,150
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		285,404,984 
<SHARES-COMMON-STOCK>		116,783,296
<SHARES-COMMON-PRIOR>		84,834,098
<ACCUMULATED-NII-CURRENT>		1,618,523
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		(189,515,420)
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		(31,386,860)
<NET-ASSETS>		66,121,227 
<DIVIDEND-INCOME>		1,053,102
<INTEREST-INCOME>		543,609
<OTHER-INCOME>		0 
<EXPENSES-NET>		804,985
<NET-INVESTMENT-INCOME>		791,726
<REALIZED-GAINS-CURRENT>		(28,221,576)
<APPREC-INCREASE-CURRENT>		2,097,477 
<NET-CHANGE-FROM-OPS>		(25,332,373)
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(1,401,400)
<DISTRIBUTIONS-OF-GAINS>		0 
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		1,615,970,583
<NUMBER-OF-SHARES-REDEEMED>		(1,602,638,377)
<SHARES-REINVESTED>		0 
<NET-CHANGE-IN-ASSETS>	 (13,401,567)
<ACCUMULATED-NII-PRIOR>		826,797
<ACCUMULATED-GAINS-PRIOR>		(159,892,444)
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		362,431 
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		1,133,645
<AVERAGE-NET-ASSETS>		94,101,975
<PER-SHARE-NAV-BEGIN>		.94 
<PER-SHARE-NII>		.02 
<PER-SHARE-GAIN-APPREC>		(.38)
<PER-SHARE-DIVIDEND>		(.01)
<PER-SHARE-DISTRIBUTIONS>		0 
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		.57 
<EXPENSE-RATIO>		1.70 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		8,602,087
<INVESTMENTS-AT-VALUE>		10,728,555
<RECEIVABLES>		841,988
<ASSETS-OTHER>		2,963
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		11,573,506
<PAYABLE-FOR-SECURITIES>		812,306
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		1,467,399
<TOTAL-LIABILITIES>		2,279,705
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		7,177,360
<SHARES-COMMON-STOCK>		664,000
<SHARES-COMMON-PRIOR>		663,431
<ACCUMULATED-NII-CURRENT>		41,135
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		(51,155)
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		2,126,468
<NET-ASSETS>		9,293,808 
<DIVIDEND-INCOME>		176,442
<INTEREST-INCOME>		21,326
<OTHER-INCOME>		0 
<EXPENSES-NET>		104,466
<NET-INVESTMENT-INCOME>		93,302
<REALIZED-GAINS-CURRENT>		34,308
<APPREC-INCREASE-CURRENT>		1,022,998
<NET-CHANGE-FROM-OPS>		1,150,608
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(72,675)
<DISTRIBUTIONS-OF-GAINS>		(1,426,272)
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		2,733,498
<NUMBER-OF-SHARES-REDEEMED>		(2,751,155)
<SHARES-REINVESTED>		44,955
<NET-CHANGE-IN-ASSETS>		(321,041)
<ACCUMULATED-NII-PRIOR>		20,508 
<ACCUMULATED-GAINS-PRIOR>		1,340,809
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		37,414
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		104,647
<AVERAGE-NET-ASSETS>		9,939,217
<PER-SHARE-NAV-BEGIN>		14.49 
<PER-SHARE-NII>		.11 
<PER-SHARE-GAIN-APPREC>		1.66 
<PER-SHARE-DIVIDEND>		(.11)
<PER-SHARE-DISTRIBUTIONS>		(2.15)
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		14.00 
<EXPENSE-RATIO>		2.08 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		7,456,420
<INVESTMENTS-AT-VALUE>		7,596,442
<RECEIVABLES>		336,229 
<ASSETS-OTHER>		2,872
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		7,935,543
<PAYABLE-FOR-SECURITIES>		184,001 
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		47,812 
<TOTAL-LIABILITIES>		231,813
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		7,742,148
<SHARES-COMMON-STOCK>		721,064
<SHARES-COMMON-PRIOR>		701,606 
<ACCUMULATED-NII-CURRENT>		33,582 
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		(212,021)
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		140,021 
<NET-ASSETS>		7,703,730
<DIVIDEND-INCOME>		0 
<INTEREST-INCOME>	 186,857 
<OTHER-INCOME>		0 
<EXPENSES-NET>		27,198
<NET-INVESTMENT-INCOME>		159,659
<REALIZED-GAINS-CURRENT>		18,099
<APPREC-INCREASE-CURRENT>	 121,384
<NET-CHANGE-FROM-OPS>		299,142
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(159,588)
<DISTRIBUTIONS-OF-GAINS>		0 
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		1,235,894
<NUMBER-OF-SHARES-REDEEMED>		(1,145,110)
<SHARES-REINVESTED>		113,437
<NET-CHANGE-IN-ASSETS>		343,775
<ACCUMULATED-NII-PRIOR>		33,511
<ACCUMULATED-GAINS-PRIOR>		(230,120)
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		19,166 
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		63,422
<AVERAGE-NET-ASSETS>		7,713,634
<PER-SHARE-NAV-BEGIN>		10.49 
<PER-SHARE-NII>		.22 
<PER-SHARE-GAIN-APPREC>		.19 
<PER-SHARE-DIVIDEND>		(.22)
<PER-SHARE-DISTRIBUTIONS>		0 
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		10.68 
<EXPENSE-RATIO>		.70 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		13,296,619 
<INVESTMENTS-AT-VALUE>		16,675,867 
<RECEIVABLES>		1,964,771
<ASSETS-OTHER>		2,811
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		18,727,651
<PAYABLE-FOR-SECURITIES>		1,838,113
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		592,766
<TOTAL-LIABILITIES>		2,430,879
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		12,776,136
<SHARES-COMMON-STOCK>		1,049,441
<SHARES-COMMON-PRIOR>		977,184 
<ACCUMULATED-NII-CURRENT>		64,205 
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		74,838 
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		3,381,593
<NET-ASSETS>		16,296,772 
<DIVIDEND-INCOME>		369,365
<INTEREST-INCOME>		17,959
<OTHER-INCOME>		0 
<EXPENSES-NET>		132,823 
<NET-INVESTMENT-INCOME>		254,501 
<REALIZED-GAINS-CURRENT>		326,710
<APPREC-INCREASE-CURRENT>		1,222,758 
<NET-CHANGE-FROM-OPS>		1,803,969
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(295,660)
<DISTRIBUTIONS-OF-GAINS>		(277,837)
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		8,370,288
<NUMBER-OF-SHARES-REDEEMED>		(7,200,844)
<SHARES-REINVESTED>		0 
<NET-CHANGE-IN-ASSETS>		2,399,916 
<ACCUMULATED-NII-PRIOR>		105,364 
<ACCUMULATED-GAINS-PRIOR>		25,965 
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		56,701
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		135,421
<AVERAGE-NET-ASSETS>		14,675,623 
<PER-SHARE-NAV-BEGIN>		14.22 
<PER-SHARE-NII>		.24 
<PER-SHARE-GAIN-APPREC>		1.63 
<PER-SHARE-DIVIDEND>		(.28)
<PER-SHARE-DISTRIBUTIONS>		(0.27)
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		15.54 
<EXPENSE-RATIO>		1.80 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		20,495,263
<INVESTMENTS-AT-VALUE>		21,314,407 
<RECEIVABLES>		1,737,663
<ASSETS-OTHER>		2,894 
<OTHER-ITEMS-ASSETS>		0 
<TOTAL-ASSETS>		23,054,964
<PAYABLE-FOR-SECURITIES>		2,446,788
<SENIOR-LONG-TERM-DEBT>		0 
<OTHER-ITEMS-LIABILITIES>		114,591
<TOTAL-LIABILITIES>		2,561,379
<SENIOR-EQUITY>		0 
<PAID-IN-CAPITAL-COMMON>		19,739,031
<SHARES-COMMON-STOCK>		1,674,868
<SHARES-COMMON-PRIOR>		1,541,633
<ACCUMULATED-NII-CURRENT>		44,666
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		(109,256)
<OVERDISTRIBUTION-GAINS>		0 
<ACCUM-APPREC-OR-DEPREC>		819,144 
<NET-ASSETS>		20,493,585 
<DIVIDEND-INCOME>		0 
<INTEREST-INCOME>	 538,202
<OTHER-INCOME>		0 
<EXPENSES-NET>		68,944 
<NET-INVESTMENT-INCOME>		469,258 
<REALIZED-GAINS-CURRENT>		75,349
<APPREC-INCREASE-CURRENT>		471,497 
<NET-CHANGE-FROM-OPS>		1,016,104 
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(461,677)
<DISTRIBUTIONS-OF-GAINS>		0 
<DISTRIBUTIONS-OTHER>		0 
<NUMBER-OF-SHARES-SOLD>		5,126,520 
<NUMBER-OF-SHARES-REDEEMED>		(3,808,231)
<SHARES-REINVESTED>		293,462 
<NET-CHANGE-IN-ASSETS>		2,166,178 
<ACCUMULATED-NII-PRIOR>		37,085 
<ACCUMULATED-GAINS-PRIOR>		(184,605)
<OVERDISTRIB-NII-PRIOR>		0 
<OVERDIST-NET-GAINS-PRIOR>		0 
<GROSS-ADVISORY-FEES>		72,720
<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		140,860 
<AVERAGE-NET-ASSETS>		19,663,579
<PER-SHARE-NAV-BEGIN>		11.89 
<PER-SHARE-NII>		.29 
<PER-SHARE-GAIN-APPREC>		.35 
<PER-SHARE-DIVIDEND>		(.29)
<PER-SHARE-DISTRIBUTIONS>		0 
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		12.24 
<EXPENSE-RATIO>		.70 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		179,630,352
<INVESTMENTS-AT-VALUE>		179,630,352
<RECEIVABLES>		105,226,159
<ASSETS-OTHER>		214,222
<OTHER-ITEMS-ASSETS>		0 
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<SHARES-COMMON-PRIOR>		231,884,117
<ACCUMULATED-NII-CURRENT>		30,940
<OVERDISTRIBUTION-NII>		0 
<ACCUMULATED-NET-GAINS>		21,100
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<ACCUM-APPREC-OR-DEPREC>		0 
<NET-ASSETS>		182,371,012
<DIVIDEND-INCOME>		0 
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<DISTRIBUTIONS-OF-INCOME>		(4,427,034)
<DISTRIBUTIONS-OF-GAINS>		0 
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<NUMBER-OF-SHARES-SOLD>		1,890,359,582
<NUMBER-OF-SHARES-REDEEMED>		(1,944,206,065)
<SHARES-REINVESTED>		4,335,387
<NET-CHANGE-IN-ASSETS>		(49,511,219)
<ACCUMULATED-NII-PRIOR>		52,163
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<OVERDISTRIB-NII-PRIOR>		0 
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<INTEREST-EXPENSE>		0 
<GROSS-EXPENSE>		952,289
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<PER-SHARE-NAV-BEGIN>		1.00 
<PER-SHARE-NII>		.02 
<PER-SHARE-GAIN-APPREC>		.00 
<PER-SHARE-DIVIDEND>		(.02)
<PER-SHARE-DISTRIBUTIONS>		0 
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<EXPENSE-RATIO>		.97 
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<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 Months	
<FISCAL-YEAR-END>		Jun-30-1998
<PERIOD-START>		Jul-01-1997
<PERIOD-END>		Dec-31-1997
<INVESTMENTS-AT-COST>		146,038,199 
<INVESTMENTS-AT-VALUE>		130,287,896
<RECEIVABLES>		13,561,856
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<OTHER-ITEMS-ASSETS>		0 
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<ACCUMULATED-NII-CURRENT>		(244,989)
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<NET-INVESTMENT-INCOME>	 (745,630)
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<APPREC-INCREASE-CURRENT>		(52,996,349)
<NET-CHANGE-FROM-OPS>		(53,652,557)
<EQUALIZATION>		0 
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<ACCUMULATED-GAINS-PRIOR>		(45,137,574)
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<PER-SHARE-NII>		.08 
<PER-SHARE-GAIN-APPREC>		(4.74)
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<EXPENSE-RATIO>		1.78 
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<MULTIPLIER>	1	
       		
<S>	<C>	
<PERIOD-TYPE>	6 months	
<FISCAL-YEAR-END>		Jun-30-1998
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<PERIOD-END>		Dec-31-1997
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<INVESTMENTS-AT-VALUE>		720,979,463
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<ACCUMULATED-NET-GAINS>		(1,773,096)
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<ACCUM-APPREC-OR-DEPREC>		0 
<NET-ASSETS>		732,928,674
<DIVIDEND-INCOME>		0 
<INTEREST-INCOME>		20,125,214
<OTHER-INCOME>		0 
<EXPENSES-NET>		1,091,033
<NET-INVESTMENT-INCOME>		19,034,181
<REALIZED-GAINS-CURRENT>		(439)
<APPREC-INCREASE-CURRENT>		0 
<NET-CHANGE-FROM-OPS>		19,026,174
<EQUALIZATION>		0 
<DISTRIBUTIONS-OF-INCOME>		(19,026,174)
<DISTRIBUTIONS-OF-GAINS>		0 
<DISTRIBUTIONS-OTHER>		0 
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<NUMBER-OF-SHARES-REDEEMED>		(305,118,671)
<SHARES-REINVESTED>		18,808,596
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<ACCUMULATED-GAINS-PRIOR>		(1,772,657)
<OVERDISTRIB-NII-PRIOR>		0 
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<GROSS-ADVISORY-FEES>		1,484,939
<INTEREST-EXPENSE>		0 
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<PER-SHARE-NAV-BEGIN>		1.00 
<PER-SHARE-NII>		.03 
<PER-SHARE-GAIN-APPREC>		.00 
<PER-SHARE-DIVIDEND>		(.03)
<PER-SHARE-DISTRIBUTIONS>		0 
<RETURNS-OF-CAPITAL>		0 
<PER-SHARE-NAV-END>		1.00 
<EXPENSE-RATIO>		.30 
<AVG-DEBT-OUTSTANDING>		0 
<AVG-DEBT-PER-SHARE>		0 
		
		


</TABLE>


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