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> 27,684,773
<INVESTMENTS-AT-VALUE> 27,484,021
<RECEIVABLES> 3,679,144
<ASSETS-OTHER> 21,750
<OTHER-ITEMS-ASSETS> 10,620
<TOTAL-ASSETS> 31,195,535
<PAYABLE-FOR-SECURITIES> 3,772,534
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26,799
<TOTAL-LIABILITIES> 3,799,333
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,495,656
<SHARES-COMMON-STOCK> 930,708
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 47,917
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 53,381
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (200,752)
<NET-ASSETS> 27,396,202
<DIVIDEND-INCOME> 108,940
<INTEREST-INCOME> 46,518
<OTHER-INCOME> 0
<EXPENSES-NET> (107,541)
<NET-INVESTMENT-INCOME> 47,917
<REALIZED-GAINS-CURRENT> 53,381
<APPREC-INCREASE-CURRENT> (200,752)
<NET-CHANGE-FROM-OPS> (99,454)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 990,122
<NUMBER-OF-SHARES-REDEEMED> (59,414)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 27,396,202
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35,262
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 210,107
<AVERAGE-NET-ASSETS> 14,799,978
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.56
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 0.79<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
$(0.01) and a ratio of expenses to average net assets of 1.82%. The amount
waived was $41,967.
</FN>
</TABLE>