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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
070 I020400 N
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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SIGNATURE RICHARD H. BLANK
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 010
<NAME> NATIONS ANNUITY TRUST VALUE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 7,942,888
<INVESTMENTS-AT-VALUE> 8,948,660
<RECEIVABLES> 135,312
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 856
<TOTAL-ASSETS> 9,099,630
<PAYABLE-FOR-SECURITIES> (348,310)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (66,551)
<TOTAL-LIABILITIES> (414,861)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,794,859
<SHARES-COMMON-STOCK> 777,797
<SHARES-COMMON-PRIOR> 542,341
<ACCUMULATED-NII-CURRENT> 23,502
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (139,364)
<ACCUM-APPREC-OR-DEPREC> 1,005,772
<NET-ASSETS> 8,684,769
<DIVIDEND-INCOME> 51,559
<INTEREST-INCOME> 6,484
<OTHER-INCOME> 122
<EXPENSES-NET> 34,663
<NET-INVESTMENT-INCOME> 23,502
<REALIZED-GAINS-CURRENT> 891
<APPREC-INCREASE-CURRENT> 508,129
<NET-CHANGE-FROM-OPS> 532,522
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,606
<NUMBER-OF-SHARES-REDEEMED> (99,117)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,039,712
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (140,255)
<GROSS-ADVISORY-FEES> 25,050
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 63,782
<AVERAGE-NET-ASSETS> 6,966,150
<PER-SHARE-NAV-BEGIN> 10.41
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.73
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.17
<EXPENSE-RATIO> 1.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 020
<NAME> NATIONS ANNUITY TRUST INTERNATIONAL GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 2,567,372
<INVESTMENTS-AT-VALUE> 2,907,100
<RECEIVABLES> 95,680
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 397,247
<TOTAL-ASSETS> 3,414,829
<PAYABLE-FOR-SECURITIES> (28,734)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (36,736)
<TOTAL-LIABILITIES> (65,470)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,072,620
<SHARES-COMMON-STOCK> 306,257
<SHARES-COMMON-PRIOR> 224,768
<ACCUMULATED-NII-CURRENT> 13,800
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (76,880)
<ACCUM-APPREC-OR-DEPREC> 339,819
<NET-ASSETS> 3,349,359
<DIVIDEND-INCOME> 25,170
<INTEREST-INCOME> 5,538
<OTHER-INCOME> 0
<EXPENSES-NET> 16,856
<NET-INVESTMENT-INCOME> 13,852
<REALIZED-GAINS-CURRENT> 12,373
<APPREC-INCREASE-CURRENT> 147,651
<NET-CHANGE-FROM-OPS> 173,876
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,014,327
<NUMBER-OF-SHARES-REDEEMED> (148,481)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,039,722
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (52)
<OVERDIST-NET-GAINS-PRIOR> (89,253)
<GROSS-ADVISORY-FEES> 11,803
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43,296
<AVERAGE-NET-ASSETS> 2,719,937
<PER-SHARE-NAV-BEGIN> 10.28
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.61
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.94
<EXPENSE-RATIO> 1.25
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 030
<NAME> NATIONS ANNUITY TRUST DISCIPLINED EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 5,601,326
<INVESTMENTS-AT-VALUE> 6,632,693
<RECEIVABLES> 79,250
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 417
<TOTAL-ASSETS> 6,727,162
<PAYABLE-FOR-SECURITIES> (73,000)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (34,546)
<TOTAL-LIABILITIES> (107,546)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,639,528
<SHARES-COMMON-STOCK> 558,246
<SHARES-COMMON-PRIOR> 451,540
<ACCUMULATED-NII-CURRENT> 3,004
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (54,283)
<ACCUM-APPREC-OR-DEPREC> 1,031,367
<NET-ASSETS> 6,619,616
<DIVIDEND-INCOME> 25,829
<INTEREST-INCOME> 4,023
<OTHER-INCOME> 0
<EXPENSES-NET> 26,848
<NET-INVESTMENT-INCOME> 3,004
<REALIZED-GAINS-CURRENT> 166,004
<APPREC-INCREASE-CURRENT> 433,254
<NET-CHANGE-FROM-OPS> 602,262
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,794,135
<NUMBER-OF-SHARES-REDEEMED> (573,106)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,823,291
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (220,287)
<GROSS-ADVISORY-FEES> 19,403
<INTEREST-EXPENSE> 114
<GROSS-EXPENSE> 54,056
<AVERAGE-NET-ASSETS> 5,395,718
<PER-SHARE-NAV-BEGIN> 10.62
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.23
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.86
<EXPENSE-RATIO> 1.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 040
<NAME> NATIONS ANNUITY TRUST MARSICO FOCUSED EQUITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 49,161,910
<INVESTMENTS-AT-VALUE> 57,290,906
<RECEIVABLES> 7,301,748
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 41
<TOTAL-ASSETS> 64,607,497
<PAYABLE-FOR-SECURITIES> (8,328,925)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (765,484)
<TOTAL-LIABILITIES> (9,094,409)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,887,448
<SHARES-COMMON-STOCK> 3,700,194
<SHARES-COMMON-PRIOR> 1,886,520
<ACCUMULATED-NII-CURRENT> (25,674)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 522,318
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,128,996
<NET-ASSETS> 55,513,088
<DIVIDEND-INCOME> 102,162
<INTEREST-INCOME> 75,520
<OTHER-INCOME> 1,494
<EXPENSES-NET> 204,850
<NET-INVESTMENT-INCOME> (25,674)
<REALIZED-GAINS-CURRENT> 404,775
<APPREC-INCREASE-CURRENT> 4,487,704
<NET-CHANGE-FROM-OPS> 4,866,805
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,872,756
<NUMBER-OF-SHARES-REDEEMED> (1,747,080)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 30,992,481
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 117,543
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 154,256
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 257,910
<AVERAGE-NET-ASSETS> 37,698,826
<PER-SHARE-NAV-BEGIN> 13.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 2.01
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.00
<EXPENSE-RATIO> 1.10
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 050
<NAME> NATIONS ANNUITY TRUST MARSICO GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 26,835,655
<INVESTMENTS-AT-VALUE> 31,785,139
<RECEIVABLES> 3,064,246
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 759
<TOTAL-ASSETS> 34,864,946
<PAYABLE-FOR-SECURITIES> (3,240,632)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (908,820)
<TOTAL-LIABILITIES> (4,149,452)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,732,012
<SHARES-COMMON-STOCK> 2,204,833
<SHARES-COMMON-PRIOR> 1,280,727
<ACCUMULATED-NII-CURRENT> 7,269
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22,752
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,953,461
<NET-ASSETS> 30,715,494
<DIVIDEND-INCOME> 78,342
<INTEREST-INCOME> 49,093
<OTHER-INCOME> 412
<EXPENSES-NET> 120,578
<NET-INVESTMENT-INCOME> 7,269
<REALIZED-GAINS-CURRENT> 286,050
<APPREC-INCREASE-CURRENT> 2,651,317
<NET-CHANGE-FROM-OPS> 2,944,636
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,678,062
<NUMBER-OF-SHARES-REDEEMED> (482,900)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15,139,798
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (263,298)
<GROSS-ADVISORY-FEES> 90,256
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 163,735
<AVERAGE-NET-ASSETS> 22,057,788
<PER-SHARE-NAV-BEGIN> 12.16
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 1.77
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.93
<EXPENSE-RATIO> 1.10
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 060
<NAME> NATIONS ANNUITY TRUST MANAGED INDEX PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 12,636,028
<INVESTMENTS-AT-VALUE> 14,977,678
<RECEIVABLES> 214,149
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 925
<TOTAL-ASSETS> 15,207,554
<PAYABLE-FOR-SECURITIES> (188,702)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (118,455)
<TOTAL-LIABILITIES> (307,157)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,671,619
<SHARES-COMMON-STOCK> 1,208,965
<SHARES-COMMON-PRIOR> 897,839
<ACCUMULATED-NII-CURRENT> 39,723
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (152,595)
<ACCUM-APPREC-OR-DEPREC> 2,341,650
<NET-ASSETS> 14,900,397
<DIVIDEND-INCOME> 79,867
<INTEREST-INCOME> 6,462
<OTHER-INCOME> 0
<EXPENSES-NET> 46,606
<NET-INVESTMENT-INCOME> 39,723
<REALIZED-GAINS-CURRENT> (49,107)
<APPREC-INCREASE-CURRENT> 1,327,423
<NET-CHANGE-FROM-OPS> 1,318,039
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,014,141
<NUMBER-OF-SHARES-REDEEMED> (362,867)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,969,313
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (103,488)
<GROSS-ADVISORY-FEES> 28,053
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 86,532
<AVERAGE-NET-ASSETS> 11,906,164
<PER-SHARE-NAV-BEGIN> 11.06
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 1.23
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.32
<EXPENSE-RATIO> 0.79
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 070
<NAME> NATIONS ANNUITY TRUST MANAGED SMALLCAP INDEX PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 6,845,857
<INVESTMENTS-AT-VALUE> 6,883,551
<RECEIVABLES> 38,836
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 5,656
<TOTAL-ASSETS> 6,942,845
<PAYABLE-FOR-SECURITIES> (17,916)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (128,502)
<TOTAL-LIABILITIES> (146,418)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,079,963
<SHARES-COMMON-STOCK> 728,807
<SHARES-COMMON-PRIOR> 675,481
<ACCUMULATED-NII-CURRENT> 4,377
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (325,607)
<ACCUM-APPREC-OR-DEPREC> 37,694
<NET-ASSETS> 6,796,427
<DIVIDEND-INCOME> 23,653
<INTEREST-INCOME> 2,680
<OTHER-INCOME> 0
<EXPENSES-NET> 21,956
<NET-INVESTMENT-INCOME> 4,377
<REALIZED-GAINS-CURRENT> (48,155)
<APPREC-INCREASE-CURRENT> 286,942
<NET-CHANGE-FROM-OPS> 243,164
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 614,320
<NUMBER-OF-SHARES-REDEEMED> (158,575)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 698,909
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (277,452)
<GROSS-ADVISORY-FEES> 14,004
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 58,200
<AVERAGE-NET-ASSETS> 5,943,915
<PER-SHARE-NAV-BEGIN> 9.03
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.29
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.33
<EXPENSE-RATIO> 0.75
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 080
<NAME> NATIONS ANNUITY TRUST BALANCED ASSETS PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 5,340,389
<INVESTMENTS-AT-VALUE> 5,762,079
<RECEIVABLES> 60,607
<ASSETS-OTHER> 14,802
<OTHER-ITEMS-ASSETS> 744
<TOTAL-ASSETS> 5,838,232
<PAYABLE-FOR-SECURITIES> (122,418)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (39,381)
<TOTAL-LIABILITIES> (161,799)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,402,994
<SHARES-COMMON-STOCK> 560,788
<SHARES-COMMON-PRIOR> 395,088
<ACCUMULATED-NII-CURRENT> 47,535
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (195,786)
<ACCUM-APPREC-OR-DEPREC> 421,690
<NET-ASSETS> 5,676,433
<DIVIDEND-INCOME> 21,120
<INTEREST-INCOME> 50,140
<OTHER-INCOME> 0
<EXPENSES-NET> 23,725
<NET-INVESTMENT-INCOME> 47,535
<REALIZED-GAINS-CURRENT> 19,122
<APPREC-INCREASE-CURRENT> 163,252
<NET-CHANGE-FROM-OPS> 229,909
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,783,993
<NUMBER-OF-SHARES-REDEEMED> (160,310)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,853,592
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (214,908)
<GROSS-ADVISORY-FEES> 17,136
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 51,669
<AVERAGE-NET-ASSETS> 4,765,392
<PER-SHARE-NAV-BEGIN> 9.68
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 0.36
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 1.00
</TABLE>
