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SIGNATURE TOM MARSCHEL
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 1017960
<NAME> DESSAUER GLOBAL EQUITY FUND
<SERIES>
<NUMBER> 0
<NAME> DESSAUER GLOBAL EQUITY FUND
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-01-1999
<PERIOD-END> SEP-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 40,624,869
<INVESTMENTS-AT-VALUE> 63,133,081
<RECEIVABLES> 15,901
<ASSETS-OTHER> 230,914
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,379,896
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 1,000,000
<OTHER-ITEMS-LIABILITIES> 88,100
<TOTAL-LIABILITIES> 1,088,100
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,704,208
<SHARES-COMMON-STOCK> 3,976,512
<SHARES-COMMON-PRIOR> 6,050,204
<ACCUMULATED-NII-CURRENT> (319,989)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,399,365
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,508,212
<NET-ASSETS> 62,291,796
<DIVIDEND-INCOME> 316,862
<INTEREST-INCOME> 26,381
<OTHER-INCOME> 0
<EXPENSES-NET> 663,232
<NET-INVESTMENT-INCOME> (319,989)
<REALIZED-GAINS-CURRENT> 4,751,565
<APPREC-INCREASE-CURRENT> 891,829
<NET-CHANGE-FROM-OPS> 5,323,405
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 102,728
<NUMBER-OF-SHARES-REDEEMED> 2,176,420
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (28,294,107)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 286,673
<INTEREST-EXPENSE> 20,550
<GROSS-EXPENSE> 725,822
<AVERAGE-NET-ASSETS> 76,291,619
<PER-SHARE-NAV-BEGIN> 14.97
<PER-SHARE-NII> (0.04)
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<PER-SHARE-DISTRIBUTIONS> 0
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</TABLE>
THE DESSAUER GLOBAL EQUITY FUND
PROXY STATEMENT
Dated June 2, 1999
SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD
June 28, 1999
The Meeting has been called for the following purposes:
1. To approve a new investment advisory agreement for the Fund;
Proposition 1:
For: 2,727,278
Against: 38,098
Abstain: 34,539
2. To clarify the Fund's fundamental investment restriction regarding
borrowing; and
Proposition 2:
For: 1,952,613
Against: 64,386
Abstain: 40,055
Not-voted: 742,862
3. To transact such other business as may properly come before the
Meeting or any adjournment(s) thereof.
