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> 17,362,702
<INVESTMENTS-AT-VALUE> 19,072,810
<RECEIVABLES> 351,471
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,750
<TOTAL-ASSETS> 19,435,031
<PAYABLE-FOR-SECURITIES> 820,407
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 59,419
<TOTAL-LIABILITIES> 879,826
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,333,025
<SHARES-COMMON-STOCK> 1,045,208
<SHARES-COMMON-PRIOR> 835,570
<ACCUMULATED-NII-CURRENT> 41,949
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,529,877)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,710,108
<NET-ASSETS> 18,555,205
<DIVIDEND-INCOME> 904,168
<INTEREST-INCOME> 34,690
<OTHER-INCOME> 0
<EXPENSES-NET> (333,877)
<NET-INVESTMENT-INCOME> 604,981
<REALIZED-GAINS-CURRENT> (1,221,419)
<APPREC-INCREASE-CURRENT> 3,432,208
<NET-CHANGE-FROM-OPS> 2,883,575
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (318,742)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 389,421
<NUMBER-OF-SHARES-REDEEMED> (216,896)
<SHARES-REINVESTED> 37,113
<NET-CHANGE-IN-ASSETS> 5,545,897
<ACCUMULATED-NII-PRIOR> 37,747
<ACCUMULATED-GAINS-PRIOR> (1,376,263)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 136,629
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 372,913
<AVERAGE-NET-ASSETS> 15,190,391
<PER-SHARE-NAV-BEGIN> 7.73
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> (.35)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.03
<EXPENSE-RATIO> 1.88<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
$0.00 and a ratio of expenses to average net assets of 2.17%. The amount
waived was $21,860.
</FN>
</TABLE>
