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<PAGE> PAGE 2
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 16
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SIGNATURE DOUGLAS P. MILLER
TITLE SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<SHARES-COMMON-STOCK> 13,472
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (33)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,223)
<NET-ASSETS> 127,531
<DIVIDEND-INCOME> 66
<INTEREST-INCOME> 1,344
<OTHER-INCOME> 0
<EXPENSES-NET> (9,786)
<NET-INVESTMENT-INCOME> 1,410
<REALIZED-GAINS-CURRENT> (33)
<APPREC-INCREASE-CURRENT> (4,223)
<NET-CHANGE-FROM-OPS> (2,846)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,410)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26,860
<NUMBER-OF-SHARES-REDEEMED> 13,492
<SHARES-REINVESTED> 104
<NET-CHANGE-IN-ASSETS> 127,531
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 143
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,786
<AVERAGE-NET-ASSETS> 79,037
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> (0.53)
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.47
<EXPENSE-RATIO> 0<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1>Ratio of net expenses to average net assets annualized.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> LARGE-CAP VALUE FUND
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 591,028
<INVESTMENTS-AT-VALUE> 590,725
<RECEIVABLES> 868
<ASSETS-OTHER> 7,557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 599,150
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,867
<TOTAL-LIABILITIES> 7,867
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 591,586
<SHARES-COMMON-STOCK> 59,741
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (303)
<NET-ASSETS> 591,283
<DIVIDEND-INCOME> 3,467
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (2,194)
<NET-INVESTMENT-INCOME> 1,273
<REALIZED-GAINS-CURRENT> 133
<APPREC-INCREASE-CURRENT> (303)
<NET-CHANGE-FROM-OPS> 1,103
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,273)
<DISTRIBUTIONS-OF-GAINS> (133)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 60,386
<NUMBER-OF-SHARES-REDEEMED> 645
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 591,283
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,138
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13,219
<AVERAGE-NET-ASSETS> 369,524
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.90
<EXPENSE-RATIO> 1.35<F1>
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1>Ratio of net expenses to average net assets, annualized.
</FN>
</TABLE>
