WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 109,491,240
<INVESTMENTS-AT-VALUE> 99,091,879
<RECEIVABLES> 1,162,855
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 530,732
<TOTAL-ASSETS> 100,785,466
<PAYABLE-FOR-SECURITIES> 1,859,352
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 285,948
<TOTAL-LIABILITIES> 2,145,300
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94,546,239
<SHARES-COMMON-STOCK> 5,397,447
<SHARES-COMMON-PRIOR> 3,669,102
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,493,288
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (10,399,361)
<NET-ASSETS> 98,640,166
<DIVIDEND-INCOME> 807,815
<INTEREST-INCOME> 332,934
<OTHER-INCOME> 0
<EXPENSES-NET> (1,957,262)
<NET-INVESTMENT-INCOME> (816,513)
<REALIZED-GAINS-CURRENT> 15,309,801
<APPREC-INCREASE-CURRENT> (11,391,014)
<NET-CHANGE-FROM-OPS> 3,102,274
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,730,629)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,833,636
<NUMBER-OF-SHARES-REDEEMED> (1,467,562)
<SHARES-REINVESTED> 362,271
<NET-CHANGE-IN-ASSETS> 32,518,712
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,586,097
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 844,608
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,982,240
<AVERAGE-NET-ASSETS> 99,748,994
<PER-SHARE-NAV-BEGIN> 11.34
<PER-SHARE-NII> (.11)
<PER-SHARE-GAIN-APPREC> 1.27
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.26)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 1.75<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
$(.11) and a ratio of expenses to average net assets of 1.76%. The amount
waived was $2,978.
</FN>
</TABLE>
