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> 14,151,750
<INVESTMENTS-AT-VALUE> 14,645,320
<RECEIVABLES> 114,368
<ASSETS-OTHER> 14,381
<OTHER-ITEMS-ASSETS> 126,521
<TOTAL-ASSETS> 14,900,590
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,136
<TOTAL-LIABILITIES> 4,136
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,889,538
<SHARES-COMMON-STOCK> 13,207
<SHARES-COMMON-PRIOR> 12,790
<ACCUMULATED-NII-CURRENT> 48,133
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,534,787)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 493,570
<NET-ASSETS> 14,896,454
<DIVIDEND-INCOME> 403,301
<INTEREST-INCOME> 19,025
<OTHER-INCOME> 0
<EXPENSES-NET> (144,526)
<NET-INVESTMENT-INCOME> 277,800
<REALIZED-GAINS-CURRENT> (1,158,524)
<APPREC-INCREASE-CURRENT> 2,215,670
<NET-CHANGE-FROM-OPS> 1,334,946
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,716)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 424
<NUMBER-OF-SHARES-REDEEMED> (128)
<SHARES-REINVESTED> 121
<NET-CHANGE-IN-ASSETS> 1,887,146
<ACCUMULATED-NII-PRIOR> 37,747
<ACCUMULATED-GAINS-PRIOR> (1,376,263)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59,277
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 161,357
<AVERAGE-NET-ASSETS> 13,390,579
<PER-SHARE-NAV-BEGIN> 7.72
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> .60
<PER-SHARE-DIVIDEND> (.13)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.33
<EXPENSE-RATIO> 2.62<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 $.04 and a ratio of expenses to average net assets of 5.32%.
The amount waived was $1,352.
</FN>
</TABLE>
