JP MORGAN SERIES TRUST
NSAR-A, 1999-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/99
000 C000000 0001016937
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 J.P. MORGAN SERIES TRUST
001 B000000 811-07795
001 C000000 6175570700
002 A000000 60 STATE STREET, SUITE 1300
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
007 C010100  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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008 A00AA01 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B00AA01 A
008 C00AA01 801-999999
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10036
010 A00AA01 FUNDS DISTRIBUTOR, INC.
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010 C01AA01 BOSTON
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010 C03AA01 02109
010 A00AA02 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
010 B00AA02 8-49999
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10036
010 A00AA03 PIERPONT GROUP, INC
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10017
011 A00AA01 FUNDS DISTRIBUTOR, INC.
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011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
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012 C03AA01 02101
012 A00AA02 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
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<PAGE>      PAGE  4
012 C02AA02 NY
012 C03AA02 10036
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 J.P. MORGAN SECURITIES, INC.
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014 A00AA02 J.P. MORGAN SECURITIES, LTD.
014 B00AA02 8-99999999
014 A00AA03 FUNDS DISTRIBUTOR, INC.
014 B00AA03 8-420518
014 A00AA04 BOSTON INSTITUTIONAL SERVICES, INC.
014 B00AA04 8-99999999
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
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019 C00AA00 J.P.MORGAN
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022 A000002 LEHMAN BROTHERS INC.
022 C000002     34404
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<PAGE>      PAGE  5
022 A000003 DAIN RAUCHSER INC.
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022 D000004      1700
022 A000005 MERRILL LYNCH
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022 C000006      9906
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022 A000007 BEAR STEARNS
022 C000007      9729
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022 A000008 HSBC INVESTMENT BANK PLC.
022 C000008      5739
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022 A000009 HERZOG, HEINE, GEDULD INC.
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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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<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  19
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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        0
048 K020700 0.000
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700     2500
062 A000700 N
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
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   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700   0
063 B000700  0.0
066 A000700 Y
066 G000700 Y
067  000700 N
068 A000700 N
068 B000700 Y
069  000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
<PAGE>      PAGE  20
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 Y
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700     29224
071 B000700     33946
071 C000700     78434
071 D000700   37
072 A000700  6
072 B000700       28
072 C000700      623
072 D000700        0
072 E000700        0
072 F000700      496
072 G000700       22
072 H000700        0
072 I000700       99
072 J000700      105
072 K000700        0
072 L000700       10
072 M000700        0
072 N000700       10
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700       25
<PAGE>      PAGE  21
072 S000700        0
072 T000700        0
072 U000700        2
072 V000700        0
072 W000700       40
072 X000700      809
072 Y000700      214
072 Z000700       56
072AA000700     2439
072BB000700        0
072CC010700    16718
072CC020700        0
072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700        0
074 B000700      494
074 C000700      416
074 D000700     1716
074 E000700     2965
074 F000700    82015
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700      115
074 K000700       35
074 L000700     1193
074 M000700     4421
074 N000700    93370
074 O000700     1938
074 P000700      136
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700      616
074 S000700        0
074 T000700    90680
074 U010700     5358
074 U020700        0
074 V010700    16.92
074 V020700     0.00
074 W000700   0.0000
074 X000700     1665
074 Y000700    32542
075 A000700        0
075 B000700    80054
<PAGE>      PAGE  22
076  000700     0.00
024  000900 N
025 D000901       0
025 D000902       0
025 D000903       0
025 D000904       0
025 D000905       0
025 D000906       0
025 D000907       0
025 D000908       0
028 A010900    131625
028 A020900        41
028 A030900         0
028 A040900      2890
028 B010900         0
028 B020900         0
028 B030900         0
028 B040900         0
028 C010900         0
028 C020900         0
028 C030900         0
028 C040900         0
028 D010900         0
028 D020900         0
028 D030900         0
028 D040900         0
028 E010900         0
028 E020900         0
028 E030900         0
028 E040900         0
028 F010900         0
028 F020900         0
028 F030900         0
028 F040900         0
028 G010900    131625
028 G020900        41
028 G030900         0
028 G040900      2890
028 H000900         0
034  000900 N
035  000900      0
036 B000900      0
037  000900 N
038  000900      0
039  000900 Y
040  000900 N
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.250
048 A010900        0
<PAGE>      PAGE  23
048 A020900 0.000
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        0
048 K020900 0.000
058 A000900 N
059  000900 Y
060 A000900 Y
060 B000900 Y
061  000900  5000000
062 A000900 Y
062 B000900   0.0
062 C000900   0.1
062 D000900   0.0
062 E000900  40.7
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  66.3
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
063 A000900   0
063 B000900  1.1
064 A000900 Y
064 B000900 N
066 A000900 N
067  000900 N
068 A000900 N
<PAGE>      PAGE  24
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900     85410
071 B000900         0
071 C000900     56339
071 D000900    0
072 A000900  1
072 B000900       96
072 C000900        0
072 D000900        0
072 E000900        0
072 F000900        6
072 G000900        1
072 H000900        0
072 I000900        3
<PAGE>      PAGE  25
072 J000900        3
072 K000900        0
072 L000900        1
072 M000900        0
072 N000900        2
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900        2
072 S000900        0
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900        1
072 X000900       19
072 Y000900       13
072 Z000900       90
072AA000900        0
072BB000900        0
072CC010900        0
072CC020900       61
072DD010900       90
072DD020900        0
072EE000900        0
073 A010900   0.0200
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        0
074 B000900        0
074 C000900        0
074 D000900        0
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900   137874
074 J000900        0
074 K000900       13
074 L000900     1538
074 M000900        0
074 N000900   139425
074 O000900     9761
074 P000900        1
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      948
074 S000900        0
074 T000900   128715
<PAGE>      PAGE  26
074 U010900     8587
074 U020900        0
074 V010900    14.99
074 V020900     0.00
074 W000900   0.0000
074 X000900       86
074 Y000900        0
075 A000900        0
075 B000900    77677
076  000900     0.00
034  002100 N
035  002100      0
036 B002100      0
SIGNATURE   RICHARD W. INGRAM
TITLE       TREASURER


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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated April 30, 1999 for the J.P. Morgan Tax Aware US Equity Fund and is
qualified in its entirety by reference to such semi-annual report
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                           98,346
<INVESTMENTS-AT-VALUE>                         124,724
<RECEIVABLES>                                      612
<ASSETS-OTHER>                                     637
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 125,361
<PAYABLE-FOR-SECURITIES>                           662
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          164
<TOTAL-LIABILITIES>                                826
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       100,201
<SHARES-COMMON-STOCK>                            6,668
<SHARES-COMMON-PRIOR>                            5,065
<ACCUMULATED-NII-CURRENT>                           35
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,078)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        26,378
<NET-ASSETS>                                   124,535
<DIVIDEND-INCOME>                                  626
<INTEREST-INCOME>                                   51
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     430
<NET-INVESTMENT-INCOME>                            247
<REALIZED-GAINS-CURRENT>                         3,918
<APPREC-INCREASE-CURRENT>                       16,411
<NET-CHANGE-FROM-OPS>                           20,577
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          267
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,441
<NUMBER-OF-SHARES-REDEEMED>                        853
<SHARES-REINVESTED>                                 15
<NET-CHANGE-IN-ASSETS>                          47,612
<ACCUMULATED-NII-PRIOR>                             54
<ACCUMULATED-GAINS-PRIOR>                        (580)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              228
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    475
<AVERAGE-NET-ASSETS>                           101,940
<PER-SHARE-NAV-BEGIN>                            15.19
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                           3.50
<PER-SHARE-DIVIDEND>                               .05
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.68
<EXPENSE-RATIO>                                    .85
[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
<LEGEND>
This schedule containse summary financial data extracted from the
semi-annual report dated 04/30/99 for JP Morgan Institutional Tax Aware Equity
Fund and is qualified in its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                           189498
<INVESTMENTS-AT-VALUE>                          223338
<RECEIVABLES>                                     2223
<ASSETS-OTHER>                                      27
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  225588
<PAYABLE-FOR-SECURITIES>                          3796
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          159
<TOTAL-LIABILITIES>                               3955
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        188560
<SHARES-COMMON-STOCK>                            12174
<SHARES-COMMON-PRIOR>                             6123
<ACCUMULATED-NII-CURRENT>                          103
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            870
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         33840
<NET-ASSETS>                                    221633
<DIVIDEND-INCOME>                                  950
<INTEREST-INCOME>                                   64
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     401
<NET-INVESTMENT-INCOME>                            613
<REALIZED-GAINS-CURRENT>                          3983
<APPREC-INCREASE-CURRENT>                        25175
<NET-CHANGE-FROM-OPS>                            29771
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          583
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6561
<NUMBER-OF-SHARES-REDEEMED>                        544
<SHARES-REINVESTED>                                 34
<NET-CHANGE-IN-ASSETS>                          131554
<ACCUMULATED-NII-PRIOR>                             73
<ACCUMULATED-GAINS-PRIOR>                         (975)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              255
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    486
<AVERAGE-NET-ASSETS>                            146965
<PER-SHARE-NAV-BEGIN>                            14.71
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                            3.5
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.21
<EXPENSE-RATIO>                                    .55
[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
<LEGEND>
This schedule contains summary financial data from the semi-annual report dated
April 30, 1999 for the J.P. Morgan Global 50 Fund and is qualified in its
entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                            77484
<INVESTMENTS-AT-VALUE>                           87606
<RECEIVABLES>                                     1343
<ASSETS-OTHER>                                    4421
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   93370
<PAYABLE-FOR-SECURITIES>                          1938
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          752
<TOTAL-LIABILITIES>                               2690
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         82230
<SHARES-COMMON-STOCK>                             5358
<SHARES-COMMON-PRIOR>                             5726
<ACCUMULATED-NII-CURRENT>                         1332
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (3770)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         10888
<NET-ASSETS>                                     90680
<DIVIDEND-INCOME>                                  623
<INTEREST-INCOME>                                   28
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     595
<NET-INVESTMENT-INCOME>                             56
<REALIZED-GAINS-CURRENT>                          2439
<APPREC-INCREASE-CURRENT>                        16718
<NET-CHANGE-FROM-OPS>                            19213
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            681
<NUMBER-OF-SHARES-REDEEMED>                       1049
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           14194
<ACCUMULATED-NII-PRIOR>                           1276
<ACCUMULATED-GAINS-PRIOR>                       (6208)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              496
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    809
<AVERAGE-NET-ASSETS>                             80054
<PER-SHARE-NAV-BEGIN>                            13.36
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           3.54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.92
<EXPENSE-RATIO>                                   1.50
[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
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated April 30, 1999 for the Tax Aware Enhanced Income fund and is
qualified in its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   1-MO
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                           137935
<INVESTMENTS-AT-VALUE>                          137874
<RECEIVABLES>                                     1551
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  139425
<PAYABLE-FOR-SECURITIES>                          9761
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          949
<TOTAL-LIABILITIES>                              10710
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        128776
<SHARES-COMMON-STOCK>                             8587
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (61)
<NET-ASSETS>                                    128715
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                   96
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       6
<NET-INVESTMENT-INCOME>                             90
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                         (61)
<NET-CHANGE-FROM-OPS>                               29
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           90
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           8777
<NUMBER-OF-SHARES-REDEEMED>                        193
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                          128715
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                6
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     19
<AVERAGE-NET-ASSETS>                             77677
<PER-SHARE-NAV-BEGIN>                               15
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                          (.01)
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.99
<EXPENSE-RATIO>                                    .25
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>


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