<PAGE> PAGE 1
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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SIGNATURE IRVING P. DAVID
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 1
[NAME] SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 204,694,577
[INVESTMENTS-AT-VALUE] 223,337,928
[RECEIVABLES] 2,713,231
[ASSETS-OTHER] 1,058,201
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 227,109,360
[PAYABLE-FOR-SECURITIES] 8,073,995
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 445,940
[TOTAL-LIABILITIES] 8,519,935
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 219,349,069
[SHARES-COMMON-STOCK] 1,414,715
[SHARES-COMMON-PRIOR] 2,003,077
[ACCUMULATED-NII-CURRENT] 402,571
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 19,809,349
[ACCUM-APPREC-OR-DEPREC] 18,647,134
[NET-ASSETS] 218,589,425
[DIVIDEND-INCOME] 3,962,909
[INTEREST-INCOME] 659,876
[OTHER-INCOME] 0
[EXPENSES-NET] 2,686,732
[NET-INVESTMENT-INCOME] 1,936,053
[REALIZED-GAINS-CURRENT] (19,453,283)
[APPREC-INCREASE-CURRENT] 10,271,598
[NET-CHANGE-FROM-OPS] (7,245,632)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 212,886
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 402,580
[NUMBER-OF-SHARES-REDEEMED] 1,121,531
[SHARES-REINVESTED] 18,913
[NET-CHANGE-IN-ASSETS] 78,111,030
[ACCUMULATED-NII-PRIOR] 2,071,355
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 2,914,173
[GROSS-ADVISORY-FEES] 1,754,476
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,686,732
[AVERAGE-NET-ASSETS] 20,491,043
[PER-SHARE-NAV-BEGIN] 12.99
[PER-SHARE-NII] 00.37
[PER-SHARE-GAIN-APPREC] (1.24)
[PER-SHARE-DIVIDEND] 00.12
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.00
[EXPENSE-RATIO] 01.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 1
[NAME] SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 204,694,577
[INVESTMENTS-AT-VALUE] 223,337,928
[RECEIVABLES] 2,713,231
[ASSETS-OTHER] 1,058,201
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 227,109,360
[PAYABLE-FOR-SECURITIES] 8,073,995
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 445,940
[TOTAL-LIABILITIES] 8,519,935
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 219,349,069
[SHARES-COMMON-STOCK] 2,784,416
[SHARES-COMMON-PRIOR] 3,437,448
[ACCUMULATED-NII-CURRENT] 402,571
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 19,809,349
[ACCUM-APPREC-OR-DEPREC] 18,647,134
[NET-ASSETS] 218,589,425
[DIVIDEND-INCOME] 3,962,909
[INTEREST-INCOME] 659,876
[OTHER-INCOME] 0
[EXPENSES-NET] 2,686,732
[NET-INVESTMENT-INCOME] 1,936,053
[REALIZED-GAINS-CURRENT] (19,453,283)
[APPREC-INCREASE-CURRENT] 10,271,598
[NET-CHANGE-FROM-OPS] (7,245,632)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 136,297
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 594,636
[NUMBER-OF-SHARES-REDEEMED] 1,335,698
[SHARES-REINVESTED] 12,210
[NET-CHANGE-IN-ASSETS] 78,111,030
[ACCUMULATED-NII-PRIOR] 2,071,355
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 2,914,173
[GROSS-ADVISORY-FEES] 1,754,476
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,686,732
[AVERAGE-NET-ASSETS] 36,212,438
[PER-SHARE-NAV-BEGIN] 12.96
[PER-SHARE-NII] 00.29
[PER-SHARE-GAIN-APPREC] (1.24)
[PER-SHARE-DIVIDEND] 00.04
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.97
[EXPENSE-RATIO] 02.30
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 1
[NAME] SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS L
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 204,694,577
[INVESTMENTS-AT-VALUE] 223,337,928
[RECEIVABLES] 2,713,231
[ASSETS-OTHER] 1,058,201
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 227,109,360
[PAYABLE-FOR-SECURITIES] 8,073,995
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 445,940
[TOTAL-LIABILITIES] 8,519,935
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 219,349,069
[SHARES-COMMON-STOCK] 729,190
[SHARES-COMMON-PRIOR] 912,420
[ACCUMULATED-NII-CURRENT] 402,571
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 19,809,349
[ACCUM-APPREC-OR-DEPREC] 18,647,134
[NET-ASSETS] 218,589,425
[DIVIDEND-INCOME] 3,962,909
[INTEREST-INCOME] 659,876
[OTHER-INCOME] 0
[EXPENSES-NET] 2,686,732
[NET-INVESTMENT-INCOME] 1,936,053
[REALIZED-GAINS-CURRENT] (19,453,283)
[APPREC-INCREASE-CURRENT] 10,271,598
[NET-CHANGE-FROM-OPS] (7,245,632)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 37,033
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 249,974
[NUMBER-OF-SHARES-REDEEMED] 377,684
[SHARES-REINVESTED] 3,384
[NET-CHANGE-IN-ASSETS] 78,111,030
[ACCUMULATED-NII-PRIOR] 2,071,355
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 2,914,173
[GROSS-ADVISORY-FEES] 1,754,476
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,686,732
[AVERAGE-NET-ASSETS] 9,429,890
[PER-SHARE-NAV-BEGIN] 12.96
[PER-SHARE-NII] 00.29
[PER-SHARE-GAIN-APPREC] (1.24)
[PER-SHARE-DIVIDEND] 00.04
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.97
[EXPENSE-RATIO] 02.30
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 1
[NAME] SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 204,694,577
[INVESTMENTS-AT-VALUE] 223,337,928
[RECEIVABLES] 2,713,231
[ASSETS-OTHER] 1,058,201
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 227,109,360
[PAYABLE-FOR-SECURITIES] 8,073,995
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 445,940
[TOTAL-LIABILITIES] 8,519,935
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 219,349,069
[SHARES-COMMON-STOCK] 13,268,683
[SHARES-COMMON-PRIOR] 12,055,766
[ACCUMULATED-NII-CURRENT] 402,571
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 19,809,349
[ACCUM-APPREC-OR-DEPREC] 18,647,134
[NET-ASSETS] 218,589,425
[DIVIDEND-INCOME] 3,962,909
[INTEREST-INCOME] 659,876
[OTHER-INCOME] 0
[EXPENSES-NET] 2,686,732
[NET-INVESTMENT-INCOME] 1,936,053
[REALIZED-GAINS-CURRENT] (19,453,283)
[APPREC-INCREASE-CURRENT] 10,271,598
[NET-CHANGE-FROM-OPS] (7,245,632)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,863,610
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 8,968,472
[NUMBER-OF-SHARES-REDEEMED] 38,696
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 78,111,030
[ACCUMULATED-NII-PRIOR] 2,071,355
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 2,914,173
[GROSS-ADVISORY-FEES] 1,754,476
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,686,732
[AVERAGE-NET-ASSETS] 118,777,426
[PER-SHARE-NAV-BEGIN] 13.00
[PER-SHARE-NII] 00.40
[PER-SHARE-GAIN-APPREC] (1.22)
[PER-SHARE-DIVIDEND] 00.15
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.03
[EXPENSE-RATIO] 01.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 2
[NAME] SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 18,600,078
[INVESTMENTS-AT-VALUE] 16,985,035
[RECEIVABLES] 416,866
[ASSETS-OTHER] 5,090
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 17,406,991
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 66,519
[TOTAL-LIABILITIES] 66,519
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 20,528,853
[SHARES-COMMON-STOCK] 531,238
[SHARES-COMMON-PRIOR] 751,449
[ACCUMULATED-NII-CURRENT] 28,962
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 1,601,595
[ACCUM-APPREC-OR-DEPREC] (1,615,748)
[NET-ASSETS] 17,340,472
[DIVIDEND-INCOME] 520,073
[INTEREST-INCOME] 74,545
[OTHER-INCOME] 0
[EXPENSES-NET] 465,625
[NET-INVESTMENT-INCOME] 128,993
[REALIZED-GAINS-CURRENT] (1,557,068)
[APPREC-INCREASE-CURRENT] (3,181,363)
[NET-CHANGE-FROM-OPS] (4,609,438)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,736
[DISTRIBUTIONS-OF-GAINS] 27,530
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 189,385
[NUMBER-OF-SHARES-REDEEMED] 422,929
[SHARES-REINVESTED] 13,333
[NET-CHANGE-IN-ASSETS] (6,477,730)
[ACCUMULATED-NII-PRIOR] 143,223
[ACCUMULATED-GAINS-PRIOR] 19,406
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 208,760
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 546,488
[AVERAGE-NET-ASSETS] 7,307,618
[PER-SHARE-NAV-BEGIN] 12.37
[PER-SHARE-NII] 00.11
[PER-SHARE-GAIN-APPREC] (2.10)
[PER-SHARE-DIVIDEND] 00.16
[PER-SHARE-DISTRIBUTIONS] 00.03
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.19
[EXPENSE-RATIO] 01.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 2
[NAME] SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 18,600,078
[INVESTMENTS-AT-VALUE] 16,985,035
[RECEIVABLES] 416,866
[ASSETS-OTHER] 5,090
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 17,406,991
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 66,519
[TOTAL-LIABILITIES] 66,519
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 20,528,853
[SHARES-COMMON-STOCK] 770,018
[SHARES-COMMON-PRIOR] 940,717
[ACCUMULATED-NII-CURRENT] 28,962
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 1,601,595
[ACCUM-APPREC-OR-DEPREC] (1,615,748)
[NET-ASSETS] 17,340,472
[DIVIDEND-INCOME] 520,073
[INTEREST-INCOME] 74,545
[OTHER-INCOME] 0
[EXPENSES-NET] 465,625
[NET-INVESTMENT-INCOME] 128,993
[REALIZED-GAINS-CURRENT] (1,557,068)
[APPREC-INCREASE-CURRENT] (3,181,363)
[NET-CHANGE-FROM-OPS] (4,609,438)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 80,321
[DISTRIBUTIONS-OF-GAINS] 31,501
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 135,286
[NUMBER-OF-SHARES-REDEEMED] 317,427
[SHARES-REINVESTED] 11,442
[NET-CHANGE-IN-ASSETS] (6,477,730)
[ACCUMULATED-NII-PRIOR] 143,223
[ACCUMULATED-GAINS-PRIOR] 19,406
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 208,760
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 546,488
[AVERAGE-NET-ASSETS] 9,169,599
[PER-SHARE-NAV-BEGIN] 12.34
[PER-SHARE-NII] 00.03
[PER-SHARE-GAIN-APPREC] (2.09)
[PER-SHARE-DIVIDEND] 00.09
[PER-SHARE-DISTRIBUTIONS] 00.03
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.16
[EXPENSE-RATIO] 02.74
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 2
[NAME] SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS L
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 18,600,078
[INVESTMENTS-AT-VALUE] 16,985,035
[RECEIVABLES] 416,866
[ASSETS-OTHER] 5,090
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 17,406,991
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 66,519
[TOTAL-LIABILITIES] 66,519
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 20,528,853
[SHARES-COMMON-STOCK] 160,346
[SHARES-COMMON-PRIOR] 217,413
[ACCUMULATED-NII-CURRENT] 28,962
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 1,601,595
[ACCUM-APPREC-OR-DEPREC] (1,615,748)
[NET-ASSETS] 17,340,472
[DIVIDEND-INCOME] 520,073
[INTEREST-INCOME] 74,545
[OTHER-INCOME] 0
[EXPENSES-NET] 465,625
[NET-INVESTMENT-INCOME] 128,993
[REALIZED-GAINS-CURRENT] (1,557,068)
[APPREC-INCREASE-CURRENT] (3,181,363)
[NET-CHANGE-FROM-OPS] (4,609,438)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 17,289
[DISTRIBUTIONS-OF-GAINS] 6,766
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 45,393
[NUMBER-OF-SHARES-REDEEMED] 104,956
[SHARES-REINVESTED] 2,496
[NET-CHANGE-IN-ASSETS] (6,477,730)
[ACCUMULATED-NII-PRIOR] 143,223
[ACCUMULATED-GAINS-PRIOR] 19,406
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 208,760
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 546,488
[AVERAGE-NET-ASSETS] 2,031,829
[PER-SHARE-NAV-BEGIN] 12.34
[PER-SHARE-NII] 00.03
[PER-SHARE-GAIN-APPREC] (2.10)
[PER-SHARE-DIVIDEND] 00.09
[PER-SHARE-DISTRIBUTIONS] 00.03
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.14
[EXPENSE-RATIO] 02.83
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000355747
[NAME] SMITH BARNEY INVESTMENT FUNDS INC.
[SERIES]
[NUMBER] 2
[NAME] SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 18,600,078
[INVESTMENTS-AT-VALUE] 16,985,035
[RECEIVABLES] 416,866
[ASSETS-OTHER] 5,090
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 17,406,991
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 66,519
[TOTAL-LIABILITIES] 66,519
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 20,528,853
[SHARES-COMMON-STOCK] 242,863
[SHARES-COMMON-PRIOR] 18,881
[ACCUMULATED-NII-CURRENT] 28,962
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 1,601,595
[ACCUM-APPREC-OR-DEPREC] (1,615,748)
[NET-ASSETS] 17,340,472
[DIVIDEND-INCOME] 520,073
[INTEREST-INCOME] 74,545
[OTHER-INCOME] 0
[EXPENSES-NET] 465,625
[NET-INVESTMENT-INCOME] 128,993
[REALIZED-GAINS-CURRENT] (1,557,068)
[APPREC-INCREASE-CURRENT] (3,181,363)
[NET-CHANGE-FROM-OPS] (4,609,438)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 34,588
[DISTRIBUTIONS-OF-GAINS] 5,452
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 223,982
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (6,477,730)
[ACCUMULATED-NII-PRIOR] 143,223
[ACCUMULATED-GAINS-PRIOR] 19,406
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 208,760
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 546,488
[AVERAGE-NET-ASSETS] 1,355,224
[PER-SHARE-NAV-BEGIN] 12.37
[PER-SHARE-NII] 00.16
[PER-SHARE-GAIN-APPREC] (2.09)
[PER-SHARE-DIVIDEND] 00.19
[PER-SHARE-DISTRIBUTIONS] 00.03
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.22
[EXPENSE-RATIO] 01.23
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
