<PAGE> PAGE 1
000 A000000 04/30/97
000 C000000 0000202163
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 KEMPER U.S. GOVERNMENT SECURITIES FUND
001 B000000 811-2719
001 C000000 3125377000
002 A000000 222 SOUTH RIVERSIDE PLAZA
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 ZURICH KEMPER INVESTMENTS, INC.
008 B000001 A
008 C000001 801-6634
008 D010001 CHICAGO
008 D020001 IL
008 D030001 60606
010 A000001 ZURICH KEMPER DISTRIBUTORS, INC.
010 B000001 8-47765
010 C010001 CHICAGO
010 C020001 IL
010 C030001 60606
011 A000001 ZURICH KEMPER DISTRIBUTORS, INC.
011 B000001 8-47765
011 C010001 CHICAGO
011 C020001 IL
011 C030001 60606
012 A000001 ZURICH KEMPER SERVICE COMPANY
012 B000001 84-1713
012 C010001 KANSAS CITY
<PAGE> PAGE 2
012 C020001 MO
012 C030001 64105
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60606
014 A000001 ZURICH KEMPER DISTRIBUTORS, INC.
014 B000001 8-47765
014 A000002 GRUNTAL SECURITIES, INC.
014 B000002 8-31022
014 A000003 THE GMS GROUP, INC.
014 B000003 8-23936
015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 58
019 C000000 KEMPERFNDS
020 A000001 DEAN WITTER REYNOLDS, INC.
020 B000001 94-1671384
020 C000001 161
020 A000002 GOLDMAN SACHS & CO.
020 B000002 13-5108880
020 C000002 95
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000003 13-5674085
020 C000003 68
020 A000004 LIT CLEARING SERVICES, INC.
020 B000004 36-3890396
020 C000004 53
020 A000005 PAINEWEBBER INCORPORATED
020 B000005 13-2638166
020 C000005 21
020 A000006 DEUTSCHE BANK GOVERNMENT SECURITIES, INC.
020 B000006 13-2730828
020 C000006 15
020 A000007 SALOMON BROTHERS, INC.
020 B000007 13-3082694
020 C000007 8
020 A000008 GELBER GROUP INC.
020 B000008 13-2730828
020 C000008 8
020 C000009 0
020 C000010 0
021 000000 429
022 A000001 SALOMON BROTHERS, INC.
022 B000001 13-3082694
<PAGE> PAGE 3
022 C000001 5332290
022 D000001 373963
022 A000002 CS FIRST BOSTON CORPORATION
022 B000002 13-5659485
022 C000002 2662022
022 D000002 327618
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003 2387078
022 D000003 513024
022 A000004 THE NIKKO SECURITIES CO. INTERNATIONAL, INC.
022 B000004 94-1302123
022 C000004 2622300
022 D000004 0
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005 1895300
022 D000005 525338
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 2236374
022 D000006 75395
022 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000007 13-2741729
022 C000007 1283748
022 D000007 505531
022 A000008 PAINEWEBBER INCORPORATED
022 B000008 13-2638166
022 C000008 804569
022 D000008 706203
022 A000009 CHASE SECURITIES
022 B000009 13-3112953
022 C000009 680317
022 D000009 783615
022 A000010 GREENWICH SECURITIES, INC.
022 B000010 13-2697091
022 C000010 693744
022 D000010 645700
023 C000000 23648589
023 D000000 5076827
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
<PAGE> PAGE 4
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 10185
028 A020000 14768
028 A030000 0
028 A040000 62116
028 B010000 11182
028 B020000 29106
028 B030000 0
028 B040000 70368
028 C010000 14759
028 C020000 33
028 C030000 0
028 C040000 98201
028 D010000 10030
028 D020000 14128
028 D030000 0
028 D040000 85504
028 E010000 16672
028 E020000 13781
028 E030000 0
028 E040000 75670
028 F010000 13042
028 F020000 13677
028 F030000 0
028 F040000 77179
028 G010000 75870
028 G020000 85493
028 G030000 0
028 G040000 469038
028 H000000 50996
029 000000 Y
030 A000000 920
030 B000000 4.50
030 C000000 0.00
031 A000000 112
031 B000000 0
032 000000 801
033 000000 7
034 000000 Y
035 000000 137
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
<PAGE> PAGE 5
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 100
043 000000 289
044 000000 955
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 250000
048 A020000 0.450
048 B010000 750000
048 B020000 0.430
048 C010000 1500000
048 C020000 0.410
048 D010000 2500000
048 D020000 0.400
048 E010000 2500000
048 E020000 0.380
048 F010000 2500000
048 F020000 0.360
048 G010000 2500000
048 G020000 0.340
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 12500000
048 K020000 0.320
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
<PAGE> PAGE 6
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.6
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 22.4
062 N000000 94.6
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 7.6
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 Y
070 D010000 N
<PAGE> PAGE 7
070 D020000 N
070 E010000 Y
070 E020000 Y
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 4962409
071 B000000 5037137
071 C000000 4256389
071 D000000 233
072 A000000 6
072 B000000 162515
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 8213
072 G000000 3585
072 H000000 0
072 I000000 0
072 J000000 2831
072 K000000 0
072 L000000 306
072 M000000 23
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 43
<PAGE> PAGE 8
072 S000000 10
072 T000000 289
072 U000000 0
072 V000000 0
072 W000000 22
072 X000000 15322
072 Y000000 0
072 Z000000 147193
072AA000000 29050
072BB000000 40212
072CC010000 0
072CC020000 50501
072DD010000 142889
072DD020000 2665
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 24000
074 C000000 0
074 D000000 4441767
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 20159
074 K000000 0
074 L000000 46863
074 M000000 0
074 N000000 4532789
074 O000000 633292
074 P000000 1919
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 102120
074 S000000 0
074 T000000 3795458
074 U010000 431346
074 U020000 9652
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 197983
074 Y000000 652322
075 A000000 0
075 B000000 3984987
<PAGE> PAGE 9
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE JEROME L. DUFFY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL THE CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1997 SEMIANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000202163
<NAME> KEMPER U.S. GOVERNMENT SECURITIES FUND
<SERIES>
<NUMBER> 001
<NAME> CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 4,389,669
<INVESTMENTS-AT-VALUE> 4,465,767
<RECEIVABLES> 67,022
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,532,789
<PAYABLE-FOR-SECURITIES> 633,292
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,039
<TOTAL-LIABILITIES> 737,331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,278,917
<SHARES-COMMON-STOCK> 431,346
<SHARES-COMMON-PRIOR> 466,908
<ACCUMULATED-NII-CURRENT> 131,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (691,233)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76,098
<NET-ASSETS> 3,795,458
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 162,515
<OTHER-INCOME> 0
<EXPENSES-NET> (15,322)
<NET-INVESTMENT-INCOME> 147,193
<REALIZED-GAINS-CURRENT> (11,162)
<APPREC-INCREASE-CURRENT> (50,501)
<NET-CHANGE-FROM-OPS> 85,530
<EQUALIZATION> (10,945)
<DISTRIBUTIONS-OF-INCOME> (142,889)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,034
<NUMBER-OF-SHARES-REDEEMED> (52,359)
<SHARES-REINVESTED> 9,763
<NET-CHANGE-IN-ASSETS> (367,699)
<ACCUMULATED-NII-PRIOR> 140,982
<ACCUMULATED-GAINS-PRIOR> (680,071)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,322
<AVERAGE-NET-ASSETS> 3,984,987
<PER-SHARE-NAV-BEGIN> 8.74
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> (.14)
<PER-SHARE-DIVIDEND> (.32)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.61
<EXPENSE-RATIO> .75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL THE CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1997 SEMIANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000202163
<NAME> KEMPER U.S. GOVERNMENT SECURITIES FUND
<SERIES>
<NUMBER> 002
<NAME> CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 4,389,669
<INVESTMENTS-AT-VALUE> 4,465,767
<RECEIVABLES> 67,022
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,532,789
<PAYABLE-FOR-SECURITIES> 633,292
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,039
<TOTAL-LIABILITIES> 737,331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,278,917
<SHARES-COMMON-STOCK> 8,080
<SHARES-COMMON-PRIOR> 8,067
<ACCUMULATED-NII-CURRENT> 131,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (691,233)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76,098
<NET-ASSETS> 3,795,458
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 162,515
<OTHER-INCOME> 0
<EXPENSES-NET> (15,322)
<NET-INVESTMENT-INCOME> 147,193
<REALIZED-GAINS-CURRENT> (11,162)
<APPREC-INCREASE-CURRENT> (50,501)
<NET-CHANGE-FROM-OPS> 85,530
<EQUALIZATION> (10,945)
<DISTRIBUTIONS-OF-INCOME> (2,219)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,428
<NUMBER-OF-SHARES-REDEEMED> (1,591)
<SHARES-REINVESTED> 176
<NET-CHANGE-IN-ASSETS> (367,699)
<ACCUMULATED-NII-PRIOR> 140,982
<ACCUMULATED-GAINS-PRIOR> (680,071)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,322
<AVERAGE-NET-ASSETS> 3,984,987
<PER-SHARE-NAV-BEGIN> 8.73
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> (.14)
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.60
<EXPENSE-RATIO> 1.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL THE CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1997 SEMIANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000202163
<NAME> KEMPER U.S. GOVERNMENT SECURITIES FUND
<SERIES>
<NUMBER> 003
<NAME> CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 4,389,669
<INVESTMENTS-AT-VALUE> 4,465,767
<RECEIVABLES> 67,022
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,532,789
<PAYABLE-FOR-SECURITIES> 633,292
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,039
<TOTAL-LIABILITIES> 737,331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,278,917
<SHARES-COMMON-STOCK> 901
<SHARES-COMMON-PRIOR> 904
<ACCUMULATED-NII-CURRENT> 131,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (691,233)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76,098
<NET-ASSETS> 3,795,458
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 162,515
<OTHER-INCOME> 0
<EXPENSES-NET> (15,322)
<NET-INVESTMENT-INCOME> 147,193
<REALIZED-GAINS-CURRENT> (11,162)
<APPREC-INCREASE-CURRENT> (50,501)
<NET-CHANGE-FROM-OPS> 85,530
<EQUALIZATION> (10,945)
<DISTRIBUTIONS-OF-INCOME> (244)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 132
<NUMBER-OF-SHARES-REDEEMED> (158)
<SHARES-REINVESTED> 23
<NET-CHANGE-IN-ASSETS> (367,699)
<ACCUMULATED-NII-PRIOR> 140,982
<ACCUMULATED-GAINS-PRIOR> (680,071)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,322
<AVERAGE-NET-ASSETS> 3,984,987
<PER-SHARE-NAV-BEGIN> 8.75
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> (.14)
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.61
<EXPENSE-RATIO> 1.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL THE CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1997 SEMIANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000202163
<NAME> KEMPER U.S. GOVERNMENT SECURITIES FUND
<SERIES>
<NUMBER> 004
<NAME> CLASS I
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 4,389,669
<INVESTMENTS-AT-VALUE> 4,465,767
<RECEIVABLES> 67,022
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,532,789
<PAYABLE-FOR-SECURITIES> 633,292
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,039
<TOTAL-LIABILITIES> 737,331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,278,917
<SHARES-COMMON-STOCK> 671
<SHARES-COMMON-PRIOR> 607
<ACCUMULATED-NII-CURRENT> 131,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (691,233)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76,098
<NET-ASSETS> 3,795,458
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 162,515
<OTHER-INCOME> 0
<EXPENSES-NET> (15,322)
<NET-INVESTMENT-INCOME> 147,193
<REALIZED-GAINS-CURRENT> (11,162)
<APPREC-INCREASE-CURRENT> (50,501)
<NET-CHANGE-FROM-OPS> 85,530
<EQUALIZATION> (10,945)
<DISTRIBUTIONS-OF-INCOME> (202)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 116
<NUMBER-OF-SHARES-REDEEMED> (69)
<SHARES-REINVESTED> 17
<NET-CHANGE-IN-ASSETS> (367,699)
<ACCUMULATED-NII-PRIOR> 140,982
<ACCUMULATED-GAINS-PRIOR> (680,071)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,322
<AVERAGE-NET-ASSETS> 3,984,987
<PER-SHARE-NAV-BEGIN> 8.74
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> (.14)
<PER-SHARE-DIVIDEND> (.32)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.60
<EXPENSE-RATIO> .69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
