<PAGE> PAGE 1
000 B000000 08/31/98
000 C000000 0000319767
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 CAPITAL APPRECIATION FUND
001 B000000 811-3105
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
008 A000001 OPPENHEIMERFUNDS, INC.
008 B000001 A
008 C000001 801-8253
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
008 D040001 0203
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
<PAGE> PAGE 2
012 C040001 3924
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10015
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 46
019 C000000 OPPENHEIMR
020 A000001 MORGAN (J.P) SECURITIES, INC.
020 B000001 13-3224016
020 C000001 156
020 A000002 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000002 13-2625874
020 C000002 106
020 A000003 BEAR, STEARNS & CO., INC.
020 B000003 13-3299429
020 C000003 104
020 A000004 MERRILL LYNCH,PIERCE, FENNER, & SMITH, INC.
020 B000004 13-5674085
020 C000004 101
020 A000005 SOUNDVIEW FINANCIAL GROUP, INC.
020 B000005 13-2998183
020 C000005 95
020 A000006 LEHMAN BROTHERS, INC. (SHEARSON/FIRMAN)
020 B000006 13-2518466
020 C000006 90
020 A000007 INTERSTATE JOHNSON LANE CORP.
020 B000007 56-0276690
020 C000007 76
020 A000008 JEFFRIES & CO., INC.
020 B000008 95-2622900
020 C000008 75
020 A000009 DONALDSON, LUFKIN & JENRETTE SEC (DLJ E.M.)
020 B000009 13-2741729
020 C000009 69
020 A000010 GOLDMAN, SACHS & CO.
020 B000010 13-5108880
020 C000010 68
021 000000 2238
022 A000001 SALOMON SMITH BARNEY
022 B000001 13-3371860
022 C000001 17573927
022 D000001 3357
022 A000002 MORGAN GUARANTY TRUST CO.
<PAGE> PAGE 3
022 B000002 13-5123346
022 C000002 14188900
022 D000002 0
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 5863678
022 D000003 39855
022 A000004 SMITH BARNEY, INACTIVE
022 B000004 13-3371860
022 C000004 4842761
022 D000004 21757
022 A000005 PAINEWEBBER, INC.
022 B000005 13-2638166
022 C000005 2820290
022 D000005 33657
022 A000006 FIRST CHICAGO CAPITAL MARKET
022 B000006 36-3595942
022 C000006 1643800
022 D000006 0
022 A000007 ZION FIRST NATIONAL BANK
022 B000007 87-0189025
022 C000007 1473000
022 D000007 0
022 A000008 DIRECT BUY
022 C000008 298612
022 D000008 0
022 A000009 BEAR STEARNS & CO., INC.
022 B000009 13-3299429
022 C000009 100149
022 D000009 52684
022 A000010 HERZOG, HEINE, GEDULD, INC.
022 B000010 13-1955436
022 C000010 74025
022 D000010 52005
023 C000000 50111663
023 D000000 815577
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
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
<PAGE> PAGE 4
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 87114
028 A020000 -4
028 A030000 0
028 A040000 27023
028 B010000 93730
028 B020000 2
028 B030000 0
028 B040000 32216
028 C010000 82884
028 C020000 2
028 C030000 0
028 C040000 38627
028 D010000 82661
028 D020000 0
028 D030000 0
028 D040000 38266
028 E010000 142930
028 E020000 2
028 E030000 0
028 E040000 39531
028 F010000 82189
028 F020000 -2
028 F030000 0
028 F040000 86123
028 G010000 571508
028 G020000 0
028 G030000 0
028 G040000 261786
028 H000000 136016
029 000000 Y
030 A000000 4755
030 B000000 5.75
030 C000000 0.00
031 A000000 1346
031 B000000 0
032 000000 3409
033 000000 0
034 000000 Y
035 000000 290
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
<PAGE> PAGE 5
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 4323
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 200000
048 A020000 0.750
048 B010000 200000
048 B020000 0.720
048 C010000 200000
048 C020000 0.690
048 D010000 200000
048 D020000 0.660
048 E010000 700000
048 E020000 0.600
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 1500000
048 K020000 0.580
049 000000 N
050 000000 N
051 000000 N
052 000000 N
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
<PAGE> PAGE 6
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 Y
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
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
<PAGE> PAGE 7
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
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 Y
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 1455086
071 B000000 827242
071 C000000 1377105
071 D000000 60
072 A000000 12
072 B000000 15140
072 C000000 9257
072 D000000 0
072 E000000 0
072 F000000 10763
072 G000000 0
072 H000000 0
072 I000000 1946
072 J000000 67
072 K000000 216
072 L000000 70
072 M000000 0
072 N000000 216
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 24
072 S000000 35
<PAGE> PAGE 8
072 T000000 4323
072 U000000 0
072 V000000 0
072 W000000 161
072 X000000 17821
072 Y000000 0
072 Z000000 6576
072AA000000 228567
072BB000000 57742
072CC010000 0
072CC020000 311951
072DD010000 4818
072DD020000 23
072EE000000 167051
073 A010000 0.1514
073 A020000 0.0108
073 B000000 4.5748
073 C000000 0.0000
074 A000000 5956
074 B000000 126400
074 C000000 50000
074 D000000 5695
074 E000000 0
074 F000000 1538591
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 8166
074 K000000 0
074 L000000 6654
074 M000000 12
074 N000000 1741474
074 O000000 45010
074 P000000 203
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 12095
074 S000000 0
074 T000000 1684166
074 U010000 37929
074 U020000 6079
074 V010000 32.53
074 V020000 31.85
074 W000000 0.0000
074 X000000 124781
074 Y000000 0
075 A000000 0
075 B000000 1686089
076 000000 0.00
<PAGE> PAGE 9
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 Y
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 85000
081 A000000 Y
081 B000000 95
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
Return of Capital
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
August 31, 1998, amounts have been reclassified to reflect a decrease in
undistributed net investment income of $163,678, a decrease in paid-in capital
of $558,636, and an increase in accumulated realized gain on investments of
$722,314.
The Board of Trustees and Shareholders of
Oppenheimer Capital Appreciation Fund:
In planning and performing our audit of the financial statements of Oppenheimer
Capital Appreciation Fund for the year ended August 31, 1998, we considered its
internal controls, including procedures 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 controls.
The management of Oppenheimer Capital Appreciation Fund is responsible for
establishing and maintaining internal controls. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control policies and procedures.
Two of the objectives of internal controls are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in internal controls, errors or irregularities
may occur and may not be detected. Also, projection of any evaluation of
internal controls to future periods is subject to the risk that they may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of internal controls would not necessarily disclose all
matters in internal controls 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 the
specific internal control elements does not reduce to a relatively low level the
risk that errors or irregularities 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 controls, including
procedures for safeguarding securities, that we considered to be material
weaknesses as defined above as of August 31, 1998.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.
KPMG Peat Marwick LLP
Denver, Colorado
September 22, 1998
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 319767
<NAME> OPPENHEIMER CAPITAL APPRECIATION FUND-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-START> SEP-01-1997
<PERIOD-END> AUG-31-1998
<INVESTMENTS-AT-COST> 1,660,121,945
<INVESTMENTS-AT-VALUE> 1,720,686,749
<RECEIVABLES> 14,819,144
<ASSETS-OTHER> 11,639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,741,473,828
<PAYABLE-FOR-SECURITIES> 45,010,329
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,297,756
<TOTAL-LIABILITIES> 57,308,085
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,479,932,369
<SHARES-COMMON-STOCK> 37,929,006
<SHARES-COMMON-PRIOR> 30,530,051
<ACCUMULATED-NII-CURRENT> 4,304,905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 139,363,404
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,565,065
<NET-ASSETS> 1,233,958,174
<DIVIDEND-INCOME> 9,256,460
<INTEREST-INCOME> 15,140,262
<OTHER-INCOME> 0
<EXPENSES-NET> 17,820,859
<NET-INVESTMENT-INCOME> 6,575,863
<REALIZED-GAINS-CURRENT> 170,824,591
<APPREC-INCREASE-CURRENT> (311,950,541)
<NET-CHANGE-FROM-OPS> (134,550,087)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,817,561
<DISTRIBUTIONS-OF-GAINS> 143,987,822
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,360,963
<NUMBER-OF-SHARES-REDEEMED> 10,058,269
<SHARES-REINVESTED> 4,096,261
<NET-CHANGE-IN-ASSETS> 416,436,339
<ACCUMULATED-NII-PRIOR> 3,088,925
<ACCUMULATED-GAINS-PRIOR> 134,867,079
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,762,586
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,820,859
<AVERAGE-NET-ASSETS> 1,352,628,000
<PER-SHARE-NAV-BEGIN> 38.63
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> (1.55)
<PER-SHARE-DIVIDEND> 0.15
<PER-SHARE-DISTRIBUTIONS> 4.57
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 32.53
<EXPENSE-RATIO> 1.00
<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> 319767
<NAME> OPPENHEIMER CAPITAL APPRECIATION FUND-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-START> SEP-01-1997
<PERIOD-END> AUG-31-1998
<INVESTMENTS-AT-COST> 1,660,121,945
<INVESTMENTS-AT-VALUE> 1,720,686,749
<RECEIVABLES> 14,819,144
<ASSETS-OTHER> 11,639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,741,473,828
<PAYABLE-FOR-SECURITIES> 45,010,329
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,297,756
<TOTAL-LIABILITIES> 57,308,085
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,479,932,369
<SHARES-COMMON-STOCK> 6,078,904
<SHARES-COMMON-PRIOR> 1,371,795
<ACCUMULATED-NII-CURRENT> 4,304,905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 139,363,404
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,565,065
<NET-ASSETS> 193,637,500
<DIVIDEND-INCOME> 9,256,460
<INTEREST-INCOME> 15,140,262
<OTHER-INCOME> 0
<EXPENSES-NET> 17,820,859
<NET-INVESTMENT-INCOME> 6,575,863
<REALIZED-GAINS-CURRENT> 170,824,591
<APPREC-INCREASE-CURRENT> (311,950,541)
<NET-CHANGE-FROM-OPS> (134,550,087)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,645
<DISTRIBUTIONS-OF-GAINS> 9,888,962
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,675,971
<NUMBER-OF-SHARES-REDEEMED> 1,256,002
<SHARES-REINVESTED> 287,140
<NET-CHANGE-IN-ASSETS> 416,436,339
<ACCUMULATED-NII-PRIOR> 3,088,925
<ACCUMULATED-GAINS-PRIOR> 134,867,079
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,762,586
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,820,859
<AVERAGE-NET-ASSETS> 132,908,000
<PER-SHARE-NAV-BEGIN> 38.07
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (1.62)
<PER-SHARE-DIVIDEND> 0.01
<PER-SHARE-DISTRIBUTIONS> 4.57
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 31.85
<EXPENSE-RATIO> 1.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 319767
<NAME> OPPENHEIMER CAPITAL APPRECIATION FUND-C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-START> SEP-01-1997
<PERIOD-END> AUG-31-1998
<INVESTMENTS-AT-COST> 1,660,121,945
<INVESTMENTS-AT-VALUE> 1,720,686,749
<RECEIVABLES> 14,819,144
<ASSETS-OTHER> 11,639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,741,473,828
<PAYABLE-FOR-SECURITIES> 45,010,329
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,297,756
<TOTAL-LIABILITIES> 57,308,085
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,479,932,369
<SHARES-COMMON-STOCK> 2,409,218
<SHARES-COMMON-PRIOR> 957,385
<ACCUMULATED-NII-CURRENT> 4,304,905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 139,363,404
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,565,065
<NET-ASSETS> 76,057,993
<DIVIDEND-INCOME> 9,256,460
<INTEREST-INCOME> 15,140,262
<OTHER-INCOME> 0
<EXPENSES-NET> 17,820,859
<NET-INVESTMENT-INCOME> 6,575,863
<REALIZED-GAINS-CURRENT> 170,824,591
<APPREC-INCREASE-CURRENT> (311,950,541)
<NET-CHANGE-FROM-OPS> (134,550,087)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 5,546,656
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,858,420
<NUMBER-OF-SHARES-REDEEMED> 570,252
<SHARES-REINVESTED> 163,665
<NET-CHANGE-IN-ASSETS> 416,436,339
<ACCUMULATED-NII-PRIOR> 3,088,925
<ACCUMULATED-GAINS-PRIOR> 134,867,079
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,762,586
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,820,859
<AVERAGE-NET-ASSETS> 61,503,000
<PER-SHARE-NAV-BEGIN> 37.76
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (1.59)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 4.57
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 31.57
<EXPENSE-RATIO> 1.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 319767
<NAME> OPPENHEIMER CAPITAL APPRECIATION FUND-Y
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-START> NOV-03-1997
<PERIOD-END> AUG-31-1998
<INVESTMENTS-AT-COST> 1,660,121,945
<INVESTMENTS-AT-VALUE> 1,720,686,749
<RECEIVABLES> 14,819,144
<ASSETS-OTHER> 11,639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,741,473,828
<PAYABLE-FOR-SECURITIES> 45,010,329
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,297,756
<TOTAL-LIABILITIES> 57,308,085
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,479,932,369
<SHARES-COMMON-STOCK> 5,543,214
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4,304,905
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 139,363,404
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,565,065
<NET-ASSETS> 180,512,076
<DIVIDEND-INCOME> 9,256,460
<INTEREST-INCOME> 15,140,262
<OTHER-INCOME> 0
<EXPENSES-NET> 17,820,859
<NET-INVESTMENT-INCOME> 6,575,863
<REALIZED-GAINS-CURRENT> 170,824,591
<APPREC-INCREASE-CURRENT> (311,950,541)
<NET-CHANGE-FROM-OPS> (134,550,087)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 355,999
<DISTRIBUTIONS-OF-GAINS> 7,627,140
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,790,579
<NUMBER-OF-SHARES-REDEEMED> 482,922
<SHARES-REINVESTED> 235,557
<NET-CHANGE-IN-ASSETS> 416,436,339
<ACCUMULATED-NII-PRIOR> 3,088,925
<ACCUMULATED-GAINS-PRIOR> 134,867,079
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,762,586
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,820,859
<AVERAGE-NET-ASSETS> 139,050,000
<PER-SHARE-NAV-BEGIN> 40.15
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (3.11)
<PER-SHARE-DIVIDEND> 0.21
<PER-SHARE-DISTRIBUTIONS> 4.57
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 32.56
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
