WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 74,090,056
<INVESTMENTS-AT-VALUE> 78,753,463
<RECEIVABLES> 1,031,871
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,536,149
<TOTAL-ASSETS> 82,321,483
<PAYABLE-FOR-SECURITIES> 1,067,848
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 65,678
<TOTAL-LIABILITIES> 1,133,526
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,950,213
<SHARES-COMMON-STOCK> 4,385,194
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,425,663)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,663,407
<NET-ASSETS> 81,187,957
<DIVIDEND-INCOME> 366,954
<INTEREST-INCOME> 104,775
<OTHER-INCOME> 0
<EXPENSES-NET> (963,841)
<NET-INVESTMENT-INCOME> (492,112)
<REALIZED-GAINS-CURRENT> (3,425,663)
<APPREC-INCREASE-CURRENT> 4,663,407
<NET-CHANGE-FROM-OPS> 745,632
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,040,166
<NUMBER-OF-SHARES-REDEEMED> (654,972)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 81,187,957
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 393,898
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,159,695
<AVERAGE-NET-ASSETS> 52,697,140
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 1.41
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.36
<EXPENSE-RATIO> 1.57<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
$(0.08) and a ratio of expenses to average net assets of 1.99%. The amount
waived was $137,876.
</FN>
</TABLE>
