<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> 11,061,551
<INVESTMENTS-AT-VALUE> 12,182,305
<RECEIVABLES> 588,200
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 969,688
<TOTAL-ASSETS> 13,740,193
<PAYABLE-FOR-SECURITIES> 1,027,180
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22,966
<TOTAL-LIABILITIES> 1,050,146
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,430,395
<SHARES-COMMON-STOCK> 217,141
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,861,102)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,120,754
<NET-ASSETS> 12,690,047
<DIVIDEND-INCOME> 9,824
<INTEREST-INCOME> 18,045
<OTHER-INCOME> 0
<EXPENSES-NET> (114,025)
<NET-INVESTMENT-INCOME> (86,156)
<REALIZED-GAINS-CURRENT> (1,861,102)
<APPREC-INCREASE-CURRENT> 1,120,754
<NET-CHANGE-FROM-OPS> (826,504)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 225,194
<NUMBER-OF-SHARES-REDEEMED> (8,053)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,690,047
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 50,431
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 158,355
<AVERAGE-NET-ASSETS> 8,221,658
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> (1.84)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.10
<EXPENSE-RATIO> 2.11<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
$(0.10) and a ratio of expenses to average net assets of 2.92%. The amount
waived was $6,992.
</FN>
</TABLE>
