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> 55,668,409
<INVESTMENTS-AT-VALUE> 59,282,673
<RECEIVABLES> 686,619
<ASSETS-OTHER> 67,436
<OTHER-ITEMS-ASSETS> 1,751,523
<TOTAL-ASSETS> 61,788,251
<PAYABLE-FOR-SECURITIES> 436,041
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40,009
<TOTAL-LIABILITIES> 476,050
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,832,645
<SHARES-COMMON-STOCK> 3,373,072
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (134,708)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,614,264
<NET-ASSETS> 61,312,201
<DIVIDEND-INCOME> 88,456
<INTEREST-INCOME> 38,896
<OTHER-INCOME> 0
<EXPENSES-NET> (291,983)
<NET-INVESTMENT-INCOME> (164,631)
<REALIZED-GAINS-CURRENT> (134,708)
<APPREC-INCREASE-CURRENT> 3,614,264
<NET-CHANGE-FROM-OPS> 3,314,925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,571,485
<NUMBER-OF-SHARES-REDEEMED> (198,413)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 61,312,201
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 117,006
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 307,264
<AVERAGE-NET-ASSETS> 31,964,589
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.79)
<PER-SHARE-GAIN-APPREC> 2.49
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.70
<EXPENSE-RATIO> 1.59<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 $(.90)
and a ratio of expenses to average net assets of 1.71%. The amount waived was
$11,936.
</FN>
</TABLE>
