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028 G040600 870
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070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 6
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<PAGE> PAGE 22
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072DD010600 17
072DD020600 0
072EE000600 268
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073 A020600 0.0000
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073 C000600 0.0000
074 A000600 0
074 B000600 0
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074 E000600 0
074 F000600 0
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<PAGE> PAGE 23
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075 A000600 11341
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076 000600 0.00
013 A000701 ERNST & YOUNG LLP
013 B010701 BOSTON
013 B020701 MA
013 B030701 02116
028 A010700 3477
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028 B030700 0
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028 F040700 623
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028 G030700 0
028 G040700 6390
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070 A010700 Y
070 A020700 N
070 B010700 Y
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<PAGE> PAGE 24
070 C020700 N
070 D010700 Y
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070 E020700 N
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070 I010700 N
070 I020700 N
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070 J020700 N
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070 K020700 Y
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070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
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<PAGE> PAGE 25
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074 B000700 0
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<PAGE> PAGE 26
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SIGNATURE RICK RUSSELL
TITLE AVP FUNDS CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Focus Fund Semi Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 04
<NAME> NEUBERGER&BERMAN FOCUS FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,109,001
<RECEIVABLES> 3,610
<ASSETS-OTHER> 27
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,112,638
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,336
<TOTAL-LIABILITIES> 13,336
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 749,253
<SHARES-COMMON-STOCK> 38,372
<SHARES-COMMON-PRIOR> 33,104
<ACCUMULATED-NII-CURRENT> 2,598
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,060
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 330,391
<NET-ASSETS> 1,099,302
<DIVIDEND-INCOME> 6,327
<INTEREST-INCOME> 985
<OTHER-INCOME> 0
<EXPENSES-NET> (4,569)
<NET-INVESTMENT-INCOME> 2,743
<REALIZED-GAINS-CURRENT> 17,501
<APPREC-INCREASE-CURRENT> 24,187
<NET-CHANGE-FROM-OPS> 44,431
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,873)
<DISTRIBUTIONS-OF-GAINS> (47,524)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,385
<NUMBER-OF-SHARES-REDEEMED> (3,724)
<SHARES-REINVESTED> 1,607
<NET-CHANGE-IN-ASSETS> 143,263
<ACCUMULATED-NII-PRIOR> 3,728
<ACCUMULATED-GAINS-PRIOR> 47,083
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,569
<AVERAGE-NET-ASSETS> 1,024,826
<PER-SHARE-NAV-BEGIN> 28.88
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 1.16
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> (1.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.65
<EXPENSE-RATIO> .89<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Guardian Fund Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 01
<NAME> NEUBERGER&BERMAN GUARDIAN FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 4,819,644
<RECEIVABLES> 19,474
<ASSETS-OTHER> 133
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,839,251
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,452
<TOTAL-LIABILITIES> 15,452
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,623,034
<SHARES-COMMON-STOCK> 203,055
<SHARES-COMMON-PRIOR> 167,221
<ACCUMULATED-NII-CURRENT> 8,712
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 90,788
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,101,265
<NET-ASSETS> 4,823,799
<DIVIDEND-INCOME> 26,943
<INTEREST-INCOME> 18,453
<OTHER-INCOME> 1
<EXPENSES-NET> (17,873)
<NET-INVESTMENT-INCOME> 27,524
<REALIZED-GAINS-CURRENT> 122,345
<APPREC-INCREASE-CURRENT> 57,385
<NET-CHANGE-FROM-OPS> 207,254
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (32,575)
<DISTRIBUTIONS-OF-GAINS> (139,951)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45,362
<NUMBER-OF-SHARES-REDEEMED> (16,329)
<SHARES-REINVESTED> 6,801
<NET-CHANGE-IN-ASSETS> 876,279
<ACCUMULATED-NII-PRIOR> 13,763
<ACCUMULATED-GAINS-PRIOR> 107,292
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,873
<AVERAGE-NET-ASSETS> 4,347,342
<PER-SHARE-NAV-BEGIN> 23.61
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> .95
<PER-SHARE-DIVIDEND> (.18)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.76
<EXPENSE-RATIO> .82<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Manhattan Fund Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 02
<NAME> NEUBERGER&BERMAN MANHATTAN FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 614,506
<RECEIVABLES> 1,991
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 616,504
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 968
<TOTAL-LIABILITIES> 968
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 451,727
<SHARES-COMMON-STOCK> 48,359
<SHARES-COMMON-PRIOR> 46,104
<ACCUMULATED-NII-CURRENT> (638)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,277
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 129,170
<NET-ASSETS> 615,536
<DIVIDEND-INCOME> 2,110
<INTEREST-INCOME> 195
<OTHER-INCOME> 0
<EXPENSES-NET> (2,997)
<NET-INVESTMENT-INCOME> (692)
<REALIZED-GAINS-CURRENT> 43,074
<APPREC-INCREASE-CURRENT> (21,659)
<NET-CHANGE-FROM-OPS> 20,723
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (43,799)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,532
<NUMBER-OF-SHARES-REDEEMED> (6,623)
<SHARES-REINVESTED> 3,346
<NET-CHANGE-IN-ASSETS> 3,568
<ACCUMULATED-NII-PRIOR> 54
<ACCUMULATED-GAINS-PRIOR> 36,002
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,997
<AVERAGE-NET-ASSETS> 610,860
<PER-SHARE-NAV-BEGIN> 13.27
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> .43
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.96)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.73
<EXPENSE-RATIO> .98<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Partners Fund Semi Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 05
<NAME> NEUBERGER&BERMAN PARTNERS FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,793,000
<RECEIVABLES> 2,970
<ASSETS-OTHER> 27
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,795,997
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,495
<TOTAL-LIABILITIES> 1,495
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,413,330
<SHARES-COMMON-STOCK> 76,491
<SHARES-COMMON-PRIOR> 65,930
<ACCUMULATED-NII-CURRENT> 2,965
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 47,264
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 330,943
<NET-ASSETS> 1,794,502
<DIVIDEND-INCOME> 13,219
<INTEREST-INCOME> 1,202
<OTHER-INCOME> 4
<EXPENSES-NET> (6,910)
<NET-INVESTMENT-INCOME> 7,515
<REALIZED-GAINS-CURRENT> 98,946
<APPREC-INCREASE-CURRENT> 80,284
<NET-CHANGE-FROM-OPS> 186,745
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,359)
<DISTRIBUTIONS-OF-GAINS> (180,347)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,729
<NUMBER-OF-SHARES-REDEEMED> (5,378)
<SHARES-REINVESTED> 8,210
<NET-CHANGE-IN-ASSETS> 230,542
<ACCUMULATED-NII-PRIOR> 8,809
<ACCUMULATED-GAINS-PRIOR> 128,665
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,910
<AVERAGE-NET-ASSETS> 1,639,477
<PER-SHARE-NAV-BEGIN> 23.72
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 2.53
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> (2.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.46
<EXPENSE-RATIO> .85<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Genesis Fund Semi Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 03
<NAME> NEUBERGER&BERMAN GENESIS FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 127,716
<RECEIVABLES> 670
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 128,389
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 421
<TOTAL-LIABILITIES> 421
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,412
<SHARES-COMMON-STOCK> 13,074
<SHARES-COMMON-PRIOR> 11,720
<ACCUMULATED-NII-CURRENT> (167)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 852
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,871
<NET-ASSETS> 127,968
<DIVIDEND-INCOME> 562
<INTEREST-INCOME> 35
<OTHER-INCOME> 0
<EXPENSES-NET> (764)
<NET-INVESTMENT-INCOME> (167)
<REALIZED-GAINS-CURRENT> 1,870
<APPREC-INCREASE-CURRENT> 8,314
<NET-CHANGE-FROM-OPS> 10,017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (6,609)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,836
<NUMBER-OF-SHARES-REDEEMED> (2,110)
<SHARES-REINVESTED> 628
<NET-CHANGE-IN-ASSETS> 16,447
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,591
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 764
<AVERAGE-NET-ASSETS> 115,166
<PER-SHARE-NAV-BEGIN> 9.52
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> .83
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.55)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> 1.33<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Socially Responsive Fund Semi Annual Report and is
qualified in its entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 06
<NAME> NEUBERGER&BERMAN SOCIALLY RESPONSIVE FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 16,049
<RECEIVABLES> 72
<ASSETS-OTHER> 49
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,170
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34
<TOTAL-LIABILITIES> 34
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,481
<SHARES-COMMON-STOCK> 1,189
<SHARES-COMMON-PRIOR> 694
<ACCUMULATED-NII-CURRENT> (1)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 377
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,279
<NET-ASSETS> 16,136
<DIVIDEND-INCOME> 77
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> (85)
<NET-INVESTMENT-INCOME> 5
<REALIZED-GAINS-CURRENT> 514
<APPREC-INCREASE-CURRENT> 1,262
<NET-CHANGE-FROM-OPS> 1,781
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17)
<DISTRIBUTIONS-OF-GAINS> (268)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 542
<NUMBER-OF-SHARES-REDEEMED> (67)
<SHARES-REINVESTED> 20
<NET-CHANGE-IN-ASSETS> 7,913
<ACCUMULATED-NII-PRIOR> 11
<ACCUMULATED-GAINS-PRIOR> 131
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111
<AVERAGE-NET-ASSETS> 11,341
<PER-SHARE-NAV-BEGIN> 11.84
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 2.06
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> (.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.57
<EXPENSE-RATIO> 1.50<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman International Fund Semi Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 07
<NAME> NEUBERGER&BERMAN INTERNATIONAL FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 40,289
<RECEIVABLES> 194
<ASSETS-OTHER> 67
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40,550
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 114
<TOTAL-LIABILITIES> 114
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,583
<SHARES-COMMON-STOCK> 3,648
<SHARES-COMMON-PRIOR> 2,471
<ACCUMULATED-NII-CURRENT> (209)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (309)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,371
<NET-ASSETS> 40,436
<DIVIDEND-INCOME> 156
<INTEREST-INCOME> 73
<OTHER-INCOME> 0
<EXPENSES-NET> (276)
<NET-INVESTMENT-INCOME> (47)
<REALIZED-GAINS-CURRENT> 808
<APPREC-INCREASE-CURRENT> 691
<NET-CHANGE-FROM-OPS> 1,453
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (125)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,763
<NUMBER-OF-SHARES-REDEEMED> (596)
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 14,001
<ACCUMULATED-NII-PRIOR> 99
<ACCUMULATED-GAINS-PRIOR> (1,253)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 454
<AVERAGE-NET-ASSETS> 32,514
<PER-SHARE-NAV-BEGIN> 10.70
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> .48
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.08
<EXPENSE-RATIO> 1.70<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
