WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 106,013,735
<INVESTMENTS-AT-VALUE> 103,816,132
<RECEIVABLES> 279,963
<ASSETS-OTHER> 19,647
<OTHER-ITEMS-ASSETS> 10,000
<TOTAL-ASSETS> 104,125,742
<PAYABLE-FOR-SECURITIES> 210,819
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 143,109
<TOTAL-LIABILITIES> 353,928
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,374,179
<SHARES-COMMON-STOCK> 4,936,826
<SHARES-COMMON-PRIOR> 3,669,102
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,595,238
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,197,603)
<NET-ASSETS> 103,771,814
<DIVIDEND-INCOME> 394,864
<INTEREST-INCOME> 144,882
<OTHER-INCOME> 0
<EXPENSES-NET> (818,797)
<NET-INVESTMENT-INCOME> (279,051)
<REALIZED-GAINS-CURRENT> 20,593,868
<APPREC-INCREASE-CURRENT> (3,189,256)
<NET-CHANGE-FROM-OPS> 17,125,561
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,730,629)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,845,916
<NUMBER-OF-SHARES-REDEEMED> (940,411)
<SHARES-REINVESTED> 362,219
<NET-CHANGE-IN-ASSETS> 37,650,360
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,586,097
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 383,667
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 834,016
<AVERAGE-NET-ASSETS> 92,097,528
<PER-SHARE-NAV-BEGIN> 11.34
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 2.77
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.26)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.84
<EXPENSE-RATIO> 1.60<F1>
<FN>
<F1>Without the Manager's voluntary waiver of a portion of certain expenses
for this period, this fund would have had per share net investment
income of $(.01) and a ratio of expenses to average net assets of 1.61%.
The amount waived was $2,978.
</FN>
</TABLE>
