WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-annual
financial statements dated June 30, 2000 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 63,493,692
<INVESTMENTS-AT-VALUE> 52,172,411
<RECEIVABLES> 1,149,743
<ASSETS-OTHER> 184,689
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 53,506,843
<PAYABLE-FOR-SECURITIES> 71,433
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 282,590
<TOTAL-LIABILITIES> 354,023
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 127,932,384
<SHARES-COMMON-STOCK> 19,402,979
<SHARES-COMMON-PRIOR> 23,014,590
<ACCUMULATED-NII-CURRENT> (105,392)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (63,342,499)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (11,331,673)
<NET-ASSETS> 53,152,820
<DIVIDEND-INCOME> 486,865
<INTEREST-INCOME> 66,884
<OTHER-INCOME> (15,911)
<EXPENSES-NET> 656,063
<NET-INVESTMENT-INCOME> (118,225)
<REALIZED-GAINS-CURRENT> (3,741,390)
<APPREC-INCREASE-CURRENT> (7,853,727)
<NET-CHANGE-FROM-OPS> (11,713,342)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,625,475
<NUMBER-OF-SHARES-REDEEMED> (7,236,103)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (7,649,920)
<ACCUMULATED-NII-PRIOR> (482,782)
<ACCUMULATED-GAINS-PRIOR> (75,909,800)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 279,738
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 656,063
<AVERAGE-NET-ASSETS> 58,340,020
<PER-SHARE-NAV-BEGIN> 3.29
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.54)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.74
<EXPENSE-RATIO> 2.26
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
