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> 6,210,088
<INVESTMENTS-AT-VALUE> 5,663,430
<RECEIVABLES> 75,232
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 221,799
<TOTAL-ASSETS> 5,960,461
<PAYABLE-FOR-SECURITIES> 64,396
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,047
<TOTAL-LIABILITIES> 101,443
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,667,445
<SHARES-COMMON-STOCK> 129,605
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 40,403
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (309,725)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (539,105)
<NET-ASSETS> 5,859,018
<DIVIDEND-INCOME> 32,696
<INTEREST-INCOME> 9,651
<OTHER-INCOME> 0
<EXPENSES-NET> (81,158)
<NET-INVESTMENT-INCOME> (38,811)
<REALIZED-GAINS-CURRENT> (230,511)
<APPREC-INCREASE-CURRENT> (539,105)
<NET-CHANGE-FROM-OPS> (808,427)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129,605
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,859,018
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 25,312
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 106,574
<AVERAGE-NET-ASSETS> 5,478,069
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> (1.28)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.65
<EXPENSE-RATIO> 3.22<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
$(0.11) and a ratio of expenses to average net assets of 4.06%. The amount
waived was $5,023.
</FN>
</TABLE>
