<PAGE> PAGE 1
000 B000000 10/31/99
000 C000000 0000312555
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 OPPENHEIMER QUEST VALUE FUND, INC.
001 B000000 811-2944
001 C000000 2123230200
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
002 D020000 0203
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
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A000001 OPPENHEIMERFUNDS, INC.
008 B000001 A
008 C000001 801-8253
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
008 D040001 0203
008 A000002 OPCAP ADVISORS
<PAGE> PAGE 2
008 B000002 S
008 C000002 801-27180
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10281
011 A000001 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B000001 8-22992
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10048
011 C040001 0203
012 A000001 OPPENHEIMERFUNDS SERVICES
012 B000001 84-1562
012 C010001 ENGLEWOOD
012 C020001 CO
012 C030001 80112
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
015 A000001 CITIBANK, N.A.
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10154
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 50
019 C000000 OPPENHEIMR
020 A000001 PERSHING DIVISION OF DONALDSON, LUFKIN
020 B000001 13-2741729
020 C000001 291
020 A000002 FIRST BOSTON CORP. (THE)
020 B000002 13-5659485
020 C000002 173
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 143
020 A000004 SCHRODER WERTHEIM & CO., INC.
020 B000004 13-2697272
020 C000004 137
020 A000005 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000005 13-5674085
020 C000005 117
020 A000006 SALOMON SMITH BARNEY (OLD SMITH BARNEY)
020 B000006 13-3371860
020 C000006 115
020 A000007 WEEDEN & CO., INC. (LEUTHOLD GROUP)
020 B000007 13-3287114
020 C000007 89
<PAGE> PAGE 3
020 A000008 PAINEWEBBER, INC.
020 B000008 13-2638166
020 C000008 76
020 A000009 DONALDSON, LUFKIN, & JENRETTE SEC.
020 B000009 13-2741729
020 C000009 64
020 A000010 BEAR, STEARNS & CO., INC.
020 B000010 13-3299429
020 C000010 54
021 000000 2216
022 A000001 CANADIAN IMPERIAL BANK OF COMMERCE
022 C000001 104581
022 D000001 50844
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000002 13-5674085
022 C000002 107987
022 D000002 16877
022 A000003 FIRST CHICAGO CAPITAL MARKET
022 B000003 36-3595942
022 C000003 38113
022 D000003 0
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004 20147
022 D000004 0
022 A000005 HONG KONG & SHANGHAI BANK
022 C000005 8988
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 279816
023 D000000 67721
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
025 D000009 0
025 D000010 0
<PAGE> PAGE 4
025 D000011 0
025 D000012 0
025 D000013 0
025 D000014 0
025 D000015 0
025 D000016 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 35410
028 A020000 0
028 A030000 0
028 A040000 40163
028 B010000 29580
028 B020000 1
028 B030000 0
028 B040000 39075
028 C010000 29507
028 C020000 0
028 C030000 0
028 C040000 44569
028 D010000 25673
028 D020000 0
028 D030000 0
028 D040000 44459
028 E010000 24247
028 E020000 0
028 E030000 0
028 E040000 50376
028 F010000 21080
028 F020000 0
028 F030000 0
028 F040000 47682
028 G010000 165497
028 G020000 1
028 G030000 0
028 G040000 266324
028 H000000 67624
029 000000 Y
030 A000000 2382
030 B000000 5.75
030 C000000 0.00
031 A000000 658
031 B000000 0
<PAGE> PAGE 5
032 000000 1724
033 000000 0
034 000000 Y
035 000000 1590
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 11735
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 400000
048 A020000 1.000
048 B010000 400000
048 B020000 0.900
048 C010000 3200000
048 C020000 0.850
048 D010000 4000000
048 D020000 0.800
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 8000000
048 K020000 0.750
049 000000 N
050 000000 N
051 000000 N
052 000000 N
<PAGE> PAGE 6
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 25
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
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 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
<PAGE> PAGE 7
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 N
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 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1117125
071 B000000 953838
071 C000000 1536623
071 D000000 62
072 A000000 12
072 B000000 6497
072 C000000 21424
072 D000000 0
072 E000000 0
072 F000000 15030
<PAGE> PAGE 8
072 G000000 0
072 H000000 0
072 I000000 2507
072 J000000 71
072 K000000 331
072 L000000 297
072 M000000 156
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 19
072 S000000 35
072 T000000 11735
072 U000000 0
072 V000000 0
072 W000000 520
072 X000000 30701
072 Y000000 14
072 Z000000 -2766
072AA000000 235433
072BB000000 52390
072CC010000 87953
072CC020000 0
072DD010000 6746
072DD020000 1679
072EE000000 65254
073 A010000 0.1485
073 A020000 0.0674
073 B000000 0.8372
073 C000000 0.0000
074 A000000 96
074 B000000 0
074 C000000 16935
074 D000000 0
074 E000000 0
074 F000000 1559886
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 2803
074 M000000 52
074 N000000 1579772
074 O000000 0
074 P000000 381
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
<PAGE> PAGE 9
074 R040000 5300
074 S000000 0
074 T000000 1574091
074 U010000 41656
074 U020000 24398
074 V010000 21.77
074 V020000 21.32
074 W000000 0.0000
074 X000000 102340
074 Y000000 0
075 A000000 0
075 B000000 1674003
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 Q010000 Y
077 Q020000 Y
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE
080 C000000 92000
081 A000000 Y
081 B000000 96
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE BRIAN W. WIXTED
TITLE TREASURER
Report of Independent Accountants
To the Board of Directors and Shareholders of
Oppenheimer Quest Value Fund, Inc.
In planning and performing our audit of the financial statements of Oppenheimer
Quest Value Fund, Inc. for the year ended October 31, 1999, we considered its
internal control, including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of Oppenheimer Quest Value Fund, Inc. is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity with
generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
October 31, 1999.
This report is intended solely for the information and use of the Board of
Directors, management and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
Denver, Colorado
November 19, 1999
The Fund adjusts the classification of distributions to shareholders to
reflect the differences between financial statement amounts and distributions
determined in accordance with income tax regulations. Accordingly, during the
year ended October 31, 1999, amounts have been reclassified to reflect a
decrease in overdistributed net investment income of $2,663,698. Accumulated net
realized gain on investments was decreased by the same amount.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 312555
<NAME> Oppenheimer Quest Value Fund, Inc. - A shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 1,369,386,317
<INVESTMENTS-AT-VALUE> 1,576,820,522
<RECEIVABLES> 2,804,003
<ASSETS-OTHER> 51,891
<OTHER-ITEMS-ASSETS> 95,997
<TOTAL-ASSETS> 1,579,772,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,681,905
<TOTAL-LIABILITIES> 5,681,905
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,186,432,695
<SHARES-COMMON-STOCK> 41,655,519
<SHARES-COMMON-PRIOR> 45,508,537
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 137,820
<ACCUMULATED-NET-GAINS> 180,361,428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 207,434,205
<NET-ASSETS> 906,697,962
<DIVIDEND-INCOME> 21,424,077
<INTEREST-INCOME> 6,496,646
<OTHER-INCOME> 0
<EXPENSES-NET> 30,687,220
<NET-INVESTMENT-INCOME> (2,766,497)
<REALIZED-GAINS-CURRENT> 183,043,399
<APPREC-INCREASE-CURRENT> (87,953,317)
<NET-CHANGE-FROM-OPS> 92,323,585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,746,450
<DISTRIBUTIONS-OF-GAINS> 38,188,719
<DISTRIBUTIONS-OTHER> 26,322
<NUMBER-OF-SHARES-SOLD> 11,694,065
<NUMBER-OF-SHARES-REDEEMED> 17,571,687
<SHARES-REINVESTED> 2,024,604
<NET-CHANGE-IN-ASSETS> (65,946,392)
<ACCUMULATED-NII-PRIOR> 8,975,648
<ACCUMULATED-GAINS-PRIOR> 65,236,010
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,030,491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,701,421
<AVERAGE-NET-ASSETS> 977,120,000
<PER-SHARE-NAV-BEGIN> 21.46
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 1.28
<PER-SHARE-DIVIDEND> 0.15
<PER-SHARE-DISTRIBUTIONS> 0.84
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.77
<EXPENSE-RATIO> 1.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 312555
<NAME> Oppenheimer Quest Value Fund, Inc. - B shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 1,369,386,317
<INVESTMENTS-AT-VALUE> 1,576,820,522
<RECEIVABLES> 2,804,003
<ASSETS-OTHER> 51,891
<OTHER-ITEMS-ASSETS> 95,997
<TOTAL-ASSETS> 1,579,772,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,681,905
<TOTAL-LIABILITIES> 5,681,905
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,186,432,695
<SHARES-COMMON-STOCK> 24,397,542
<SHARES-COMMON-PRIOR> 24,335,552
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 137,820
<ACCUMULATED-NET-GAINS> 180,361,428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 207,434,205
<NET-ASSETS> 520,146,121
<DIVIDEND-INCOME> 21,424,077
<INTEREST-INCOME> 6,496,646
<OTHER-INCOME> 0
<EXPENSES-NET> 30,687,220
<NET-INVESTMENT-INCOME> (2,766,497)
<REALIZED-GAINS-CURRENT> 183,043,399
<APPREC-INCREASE-CURRENT> (87,953,317)
<NET-CHANGE-FROM-OPS> 92,323,585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,678,587
<DISTRIBUTIONS-OF-GAINS> 20,944,577
<DISTRIBUTIONS-OTHER> 6,549
<NUMBER-OF-SHARES-SOLD> 6,613,830
<NUMBER-OF-SHARES-REDEEMED> 7,575,616
<SHARES-REINVESTED> 1,023,776
<NET-CHANGE-IN-ASSETS> (65,946,392)
<ACCUMULATED-NII-PRIOR> 8,975,648
<ACCUMULATED-GAINS-PRIOR> 65,236,010
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,030,491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,701,421
<AVERAGE-NET-ASSETS> 541,440,000
<PER-SHARE-NAV-BEGIN> 21.08
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> 0.07
<PER-SHARE-DISTRIBUTIONS> 0.84
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.32
<EXPENSE-RATIO> 2.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 312555
<NAME> Oppenheimer Quest Value Fund, Inc. - C shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 1,369,386,317
<INVESTMENTS-AT-VALUE> 1,576,820,522
<RECEIVABLES> 2,804,003
<ASSETS-OTHER> 51,891
<OTHER-ITEMS-ASSETS> 95,997
<TOTAL-ASSETS> 1,579,772,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,681,905
<TOTAL-LIABILITIES> 5,681,905
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,186,432,695
<SHARES-COMMON-STOCK> 6,222,048
<SHARES-COMMON-PRIOR> 6,666,294
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 137,820
<ACCUMULATED-NET-GAINS> 180,361,428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 207,434,205
<NET-ASSETS> 132,667,573
<DIVIDEND-INCOME> 21,424,077
<INTEREST-INCOME> 6,496,646
<OTHER-INCOME> 0
<EXPENSES-NET> 30,687,220
<NET-INVESTMENT-INCOME> (2,766,497)
<REALIZED-GAINS-CURRENT> 183,043,399
<APPREC-INCREASE-CURRENT> (87,953,317)
<NET-CHANGE-FROM-OPS> 92,323,585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 433,959
<DISTRIBUTIONS-OF-GAINS> 5,714,099
<DISTRIBUTIONS-OTHER> 1,693
<NUMBER-OF-SHARES-SOLD> 2,048,494
<NUMBER-OF-SHARES-REDEEMED> 2,774,837
<SHARES-REINVESTED> 282,097
<NET-CHANGE-IN-ASSETS> (65,946,392)
<ACCUMULATED-NII-PRIOR> 8,975,648
<ACCUMULATED-GAINS-PRIOR> 65,236,010
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,030,491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,701,421
<AVERAGE-NET-ASSETS> 143,378,000
<PER-SHARE-NAV-BEGIN> 21.07
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.84
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.32
<EXPENSE-RATIO> 2.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 312555
<NAME> Oppenheimer Quest Value Fund, Inc. - Y shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 1,369,386,317
<INVESTMENTS-AT-VALUE> 1,576,820,522
<RECEIVABLES> 2,804,003
<ASSETS-OTHER> 51,891
<OTHER-ITEMS-ASSETS> 95,997
<TOTAL-ASSETS> 1,579,772,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,681,905
<TOTAL-LIABILITIES> 5,681,905
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,186,432,695
<SHARES-COMMON-STOCK> 668,247
<SHARES-COMMON-PRIOR> 465,963
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 137,820
<ACCUMULATED-NET-GAINS> 180,361,428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 207,434,205
<NET-ASSETS> 14,578,852
<DIVIDEND-INCOME> 21,424,077
<INTEREST-INCOME> 6,496,646
<OTHER-INCOME> 0
<EXPENSES-NET> 30,687,220
<NET-INVESTMENT-INCOME> (2,766,497)
<REALIZED-GAINS-CURRENT> 183,043,399
<APPREC-INCREASE-CURRENT> (87,953,317)
<NET-CHANGE-FROM-OPS> 92,323,585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 116,654
<DISTRIBUTIONS-OF-GAINS> 406,888
<DISTRIBUTIONS-OTHER> 455
<NUMBER-OF-SHARES-SOLD> 444,747
<NUMBER-OF-SHARES-REDEEMED> 267,144
<SHARES-REINVESTED> 24,681
<NET-CHANGE-IN-ASSETS> (65,946,392)
<ACCUMULATED-NII-PRIOR> 8,975,648
<ACCUMULATED-GAINS-PRIOR> 65,236,010
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,030,491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 30,701,421
<AVERAGE-NET-ASSETS> 12,065,000
<PER-SHARE-NAV-BEGIN> 21.54
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.28
<PER-SHARE-DIVIDEND> 0.24
<PER-SHARE-DISTRIBUTIONS> 0.84
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.82
<EXPENSE-RATIO> 1.33
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
