<PAGE> PAGE 1
000 B000000 05/31/97
000 C000000 0000045288
000 D000000 Y
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 JOHN HANCOCK SOVEREIGN BOND FUND
001 B000000 811-2402
001 C000000 6173751702
002 A000000 101 HUNTINGTON AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02199
002 D020000 7603
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 JOHN HANCOCK ADVISERS, INC.
008 B000001 A
008 C000001 801-8124
008 D010001 BOSTON
008 D020001 MA
008 D030001 02199
008 D040001 7603
011 A000001 JOHN HANCOCK FUNDS, INC.
011 B000001 8-43582
011 C010001 BOSTON
011 C020001 MA
011 C030001 02199
011 C040001 7603
012 A000001 JOHN HANCOCK SIGNATURE SERVICES, INC.
012 B000001 84-1885
012 C010001 BOSTON
012 C020001 MA
012 C030001 02199
<PAGE> PAGE 2
012 C040001 9114
013 A000001 ERNST & YOUNG LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
014 A000001 JOHN HANCOCK DISTRIBUTORS, INC.
014 B000001 8-13995
014 A000002 JOHN HANCOCK FUNDS, INC.
014 B000002 8-43582
014 A000003 DELETE
014 A000004 DELETE
014 A000005 JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY
014 B000005 8-15661
015 A000001 INVESTORS BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
015 A000002 CITIBANK, N.A.
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 E040002 X
015 A000003 NATIONAL AUSTRALIA BANK LIMITED
015 B000003 S
015 C010003 MELBOURNE
015 D010003 AUSTRALIA
015 E040003 X
015 A000004 CREDITANSTALT BANKVEREIN
015 B000004 S
015 C010004 VIENNA
015 D010004 AUSTRIA
015 E040004 X
015 A000005 EUROCLEAR/GENERAL DE BANQUE
015 B000005 S
015 C010005 BRUSSELS
015 D010005 BELGIUM
015 E040005 X
015 A000006 BANCO DE BOSTON
015 B000006 S
015 C010006 SAO PAULO
015 D010006 BRAZIL
015 E040006 X
015 A000007 ROYAL TRUST CORPORATION OF CANADA
015 B000007 S
015 C010007 TORONTO
015 D010007 CANADA
015 E040007 X
015 A000008 CITIBANK, N.A.
015 B000008 S
<PAGE> PAGE 3
015 C010008 QUITO
015 D010008 ECUADOR
015 E040008 X
015 A000009 UNIBANK, A.S.
015 B000009 S
015 C010009 COPENHAGEN
015 D010009 DENMARK
015 E040009 X
015 A000010 EUROCLEAR/KANSALLIS-OSAKE-PANKKI
015 B000010 S
015 C010010 HELSINKI
015 D010010 FINLAND
015 E040010 X
015 A000011 BANQUE PARIBAS
015 B000011 S
015 C010011 PARIS
015 D010011 FRANCE
015 E040011 X
015 A000012 EUROCLEAR/DEUTSCHE BANK A.G.
015 B000012 S
015 C010012 FRANKFURT
015 D010012 GERMANY
015 E040012 X
015 A000013 CITIBANK, N.A.
015 B000013 S
015 C010013 ATHENS
015 D010013 GREECE
015 E040013 X
015 A000014 STANDARD CHARTERED BANK
015 B000014 S
015 C010014 HONG KONG
015 D010014 HONG KONG
015 E040014 X
015 A000015 STANDARD CHARTERED BANK
015 B000015 S
015 C010015 JAKARTA
015 D010015 INDONESIA
015 E040015 X
015 A000016 BANK OF IRELAND SECURITIES SERVICES
015 B000016 S
015 C010016 DUBLIN
015 D010016 IRELAND
015 E040016 X
015 A000017 CITIBANK, N.A.
015 B000017 S
015 C010017 MILAN
015 D010017 ITALY
015 E040017 X
015 A000018 STANDARD CHARTERED BANK
015 B000018 S
015 C010018 TOKYO
<PAGE> PAGE 4
015 D010018 JAPAN
015 E040018 X
015 A000019 STANDARD CHARTERED BANK
015 B000019 S
015 C010019 DHAKA
015 D010019 BANGLADESH
015 E040019 X
015 A000020 STANDARD CHARTERED BANK
015 B000020 S
015 C010020 SEOUL
015 D010020 KOREA
015 E040020 X
015 A000021 EUROCLEAR/BANQUE ET CAISSE D'EPARGNE DE L'ETA
015 B000021 S
015 C010021 LUXEMBOURG
015 D010021 LUXEMBOURG
015 E040021 X
015 A000022 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000022 S
015 C010022 KUALA LUMPUR
015 D010022 MALAYSIA
015 E040022 X
015 A000023 BANCOMER, S.A.
015 B000023 S
015 C010023 MEXICO CITY
015 D010023 MEXICO
015 E040023 X
015 A000024 MEESPIERSON
015 B000024 S
015 C010024 AMSTERDAM
015 D010024 NETHERLANDS
015 E040024 X
015 A000025 NATIONAL AUSTRALIA BANK
015 B000025 S
015 C010025 WELLINGTON
015 D010025 NEW ZEALAND
015 E040025 X
015 A000026 EUROCLEAR/CHRISTIANIA BANK
015 B000026 S
015 C010026 OSLO
015 D010026 NORWAY
015 E040026 X
015 A000027 STANDARD CHARTERED BANK
015 B000027 S
015 C010027 MANILA
015 D010027 PHILIPPINES
015 E040027 X
015 A000028 CITIBANK PORTUGAL S.A.
015 B000028 S
015 C010028 LISBON
015 D010028 PORTUGAL
<PAGE> PAGE 5
015 E040028 X
015 A000029 CITIBANK, N.A.
015 B000029 S
015 C010029 PRAGUE
015 D010029 CZECH REPUBLIC
015 E040029 X
015 A000030 STANDARD CHARTERED BANK
015 B000030 S
015 C010030 SINGAPORE
015 D010030 SINGAPORE
015 E040030 X
015 A000031 STANDARD CHARTERED BANK
015 B000031 S
015 C010031 COLOMBO
015 D010031 SRI LANKA
015 E040031 X
015 A000032 BANQUE PARIBAS
015 B000032 S
015 C010032 MADRID
015 D010032 SPAIN
015 E040032 X
015 A000033 SVENSKA HANDELSBANKEN
015 B000033 S
015 C010033 STOCKHOLM
015 D010033 SWEDEN
015 E040033 X
015 A000034 BANK LEU LTD.
015 B000034 S
015 C010034 ZURICH
015 D010034 SWITZERLAND
015 E040034 X
015 A000035 STANDARD CHARTERED BANK
015 B000035 S
015 C010035 TAIPEI
015 D010035 TAIWAN
015 E040035 X
015 A000036 STANDARD CHARTERED BANK
015 B000036 S
015 C010036 BANGKOK
015 D010036 THAILAND
015 E040036 X
015 A000037 CITIBANK N.A.
015 B000037 S
015 C010037 ISTANBUL
015 D010037 TURKEY
015 E040037 X
015 A000038 BARCLAYS BANK PLC
015 B000038 S
015 C010038 LONDON
015 D010038 UNITED KINGDOM
015 E040038 X
<PAGE> PAGE 6
015 A000039 CHASE MANHATTAN, N.A./BANK LEUMI LE-ISRAEL
015 B000039 S
015 C010039 JERUSALEM
015 D010039 ISRAEL
015 E040039 X
015 A000040 CITIBANK, N.A.
015 B000040 S
015 C010040 CARACAS
015 D010040 VENEZUELA
015 E040040 X
015 A000041 THE STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000041 S
015 C010041 CAPETOWN, PRETORIA
015 D010041 SOUTH AFRICA
015 E040041 X
015 A000042 STANDARD CHARTERED BANK
015 B000042 S
015 C010042 SHENZHEN
015 D010042 CHINA
015 E040042 X
015 A000043 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000043 S
015 C010043 BOGOTA
015 D010043 COLOMBIA
015 E040043 X
015 A000044 CITIBANK, RT.
015 B000044 S
015 C010044 BUDAPEST
015 D010044 HUNGARY
015 E040044 X
015 A000045 STANDARD CHARTERED BANK
015 B000045 S
015 C010045 SHANGHAI
015 D010045 CHINA
015 E040045 X
015 A000046 STANDARD CHARTERED BANK
015 B000046 S
015 C010046 KARACHI
015 D010046 PAKISTAN
015 E040046 X
015 A000047 CITIBANK, N.A.
015 B000047 S
015 C010047 LIMA
015 D010047 PERU
015 E040047 X
015 A000048 CITIBANK (POLAND), S.A.
015 B000048 S
015 C010048 WARSAW
015 D010048 POLAND
015 E040048 X
015 A000049 HONGKONG SHANGHAI BANKING CORP.
<PAGE> PAGE 7
015 B000049 S
015 C010049 PORT LOUIS
015 D010049 MAURITIUS
015 E040049 X
015 A000050 BARCLAYS BNK PLC/BARCLAYS BNK OF BOTSWANA LTD
015 B000050 S
015 C010050 GARBORONE
015 D010050 BOTSWANA
015 E040050 X
015 A000051 CITIBANK, N.A.
015 B000051 S
015 C010051 CAIRO
015 D010051 EGYPT
015 E040051 X
015 A000052 BARCLAYS BANK PLC/BARCLAYS BANK OF GHANA LTD.
015 B000052 S
015 C010052 ACCRA
015 D010052 GHANA
015 E040052 X
015 A000053 CITIBANK, N.A.
015 B000053 S
015 C010053 AMMAN
015 D010053 JORDAN
015 E040053 X
015 A000054 BARCLAYS BANK PLC
015 B000054 S
015 C010054 LUSAKA
015 D010054 ZAMBIA
015 E040054 X
015 A000055 BARCLAYS BANK PLC
015 B000055 S
015 C010055 HARARE
015 D010055 ZIMBABWE
015 E040055 X
015 A000056 CITIBANK MAGHREB (MOROCCO)
015 B000056 S
015 C010056 RABAT
015 D010056 MOROCCO
015 E040056 X
015 A000057 CREDIT SUISSE
015 B000057 S
015 C010057 MOSCOW
015 D010057 RUSSIA
015 E040057 X
015 A000058 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000058 S
015 C010058 BRATISLAVA
015 D010058 SLOVAK REPUBLIC
015 E040058 X
015 A000059 FIRST CHICAGO CLEARING CENTRE
015 B000059 S
<PAGE> PAGE 8
015 C010059 LONDON
015 D010059 UNITED KINGDOM
015 E040059 X
018 000000 Y
019 A000000 Y
019 B000000 60
019 C000000 JOHNHANCOC
020 A000001 BEAR STEARNS & CO.
020 B000001 13-2975144
020 C000001 26
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 26
022 A000001 SWISS BANK CORP.
022 C000001 4241518
022 D000001 0
022 A000002 TORONTO DOMINION BANK
022 C000002 1481797
022 D000002 0
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003 1116530
022 D000003 46748
022 A000004 DRESDNER BANK
022 C000004 248591
022 D000004 0
022 A000005 FIRST BOSTON
022 B000005 13-5659485
022 C000005 119921
022 D000005 116489
022 A000006 AUBREY LANSTON CO.
022 B000006 13-5552129
022 C000006 175477
022 D000006 0
022 A000007 UNION BANK OF SWITZERLAND
022 B000007 04-2474663
022 C000007 84001
022 D000007 91114
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5708880
022 C000008 83921
022 D000008 87878
022 A000009 SALOMON BROTHERS, INC.
022 B000009 13-3082694
<PAGE> PAGE 9
022 C000009 93285
022 D000009 76742
022 A000010 HONG KONG & SHANHAI BANKING
022 C000010 164667
022 D000010 0
023 C000000 8533621
023 D000000 847491
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
026 A000000 N
026 B000000 N
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 36429
028 A020000 7007
028 A030000 0
028 A040000 61211
028 B010000 36257
028 B020000 6812
028 B030000 0
028 B040000 37446
028 C010000 55523
028 C020000 6020
028 C030000 0
028 C040000 70279
028 D010000 64648
028 D020000 7626
028 D030000 0
028 D040000 94977
028 E010000 53679
028 E020000 6438
028 E030000 0
028 E040000 59292
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 246536
<PAGE> PAGE 10
028 G020000 33903
028 G030000 0
028 G040000 323205
028 H000000 93915
029 000000 Y
030 A000000 695
030 B000000 4.50
030 C000000 0.00
031 A000000 80
031 B000000 0
032 000000 133
033 000000 482
034 000000 Y
035 000000 186
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 Y
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 2248
044 000000 5169
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 1500000
048 A020000 0.500
048 B010000 500000
048 B020000 0.450
048 C010000 500000
048 C020000 0.400
048 D010000 0
048 D020000 0.000
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
<PAGE> PAGE 11
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 2500000
048 K020000 0.350
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
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 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 6.6
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 1.1
062 M000000 15.7
062 N000000 7.5
062 O000000 0.0
062 P000000 64.3
<PAGE> PAGE 12
062 Q000000 4.8
062 R000000 0.0
063 A000000 0
063 B000000 14.2
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 Y
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 Y
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 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 820149
071 B000000 899136
071 C000000 1420523
071 D000000 58
<PAGE> PAGE 13
072 A000000 5
072 B000000 53003
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 3117
072 G000000 117
072 H000000 0
072 I000000 1436
072 J000000 131
072 K000000 0
072 L000000 112
072 M000000 110
072 N000000 8
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 31
072 S000000 5
072 T000000 2248
072 U000000 0
072 V000000 0
072 W000000 5
072 X000000 7320
072 Y000000 0
072 Z000000 45683
072AA000000 0
072BB000000 2663
072CC010000 0
072CC020000 10583
072DD010000 41558
072DD020000 3537
072EE000000 0
073 A010000 0.4449
073 A020000 0.4021
073 B000000 0.0000
073 C000000 0.0000
074 A000000 4
074 B000000 99066
074 C000000 0
074 D000000 1379273
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 15955
074 K000000 0
074 L000000 28063
074 M000000 93
074 N000000 1522454
<PAGE> PAGE 14
074 O000000 25366
074 P000000 1084
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1194
074 S000000 0
074 T000000 1494810
074 U010000 92150
074 U020000 8991
074 V010000 14.78
074 V020000 14.78
074 W000000 0.0000
074 X000000 1330002
074 Y000000 19092
075 A000000 0
075 B000000 1508416
076 000000 0.00
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 N
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 GULF INSURANCE COMPANY
080 B000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 40000
081 A000000 Y
081 B000000 78
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
<PAGE> PAGE 15
085 B000000 N
SIGNATURE SUSAN S. NEWTON
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> JOHN HANCOCK SOVEREIGN BOND FUND - CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 1,491,817,116
<INVESTMENTS-AT-VALUE> 1,478,339,347
<RECEIVABLES> 44,017,845
<ASSETS-OTHER> 92,918
<OTHER-ITEMS-ASSETS> 4,227
<TOTAL-ASSETS> 1,522,454,337
<PAYABLE-FOR-SECURITIES> 25,365,561
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,279,163
<TOTAL-LIABILITIES> 27,644,724
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,526,283,308
<SHARES-COMMON-STOCK> 92,150,108
<SHARES-COMMON-PRIOR> 95,037,670
<ACCUMULATED-NII-CURRENT> 614,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,693,339)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (13,395,032)
<NET-ASSETS> 1,494,809,613
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 53,003,235
<OTHER-INCOME> 0
<EXPENSES-NET> 7,320,679
<NET-INVESTMENT-INCOME> 45,682,556
<REALIZED-GAINS-CURRENT> (2,662,527)
<APPREC-INCREASE-CURRENT> (10,582,752)
<NET-CHANGE-FROM-OPS> 32,437,277
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 41,557,976
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,151,869
<NUMBER-OF-SHARES-REDEEMED> 20,200,777
<SHARES-REINVESTED> 2,161,346
<NET-CHANGE-IN-ASSETS> (55,417,938)
<ACCUMULATED-NII-PRIOR> 26,882
<ACCUMULATED-GAINS-PRIOR> (16,030,812)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,116,997
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,320,679
<AVERAGE-NET-ASSETS> 1,378,515,368
<PER-SHARE-NAV-BEGIN> 14.90
<PER-SHARE-NII> 0.44
<PER-SHARE-GAIN-APPREC> (0.12)
<PER-SHARE-DIVIDEND> (0.44)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.78
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 002
<NAME> JOHN HANCOCK SOVEREIGN BOND FUND - CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 1,491,817,116
<INVESTMENTS-AT-VALUE> 1,478,339,347
<RECEIVABLES> 44,017,845
<ASSETS-OTHER> 92,918
<OTHER-ITEMS-ASSETS> 4,227
<TOTAL-ASSETS> 1,522,454,337
<PAYABLE-FOR-SECURITIES> 25,365,561
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,279,163
<TOTAL-LIABILITIES> 27,644,724
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,526,283,308
<SHARES-COMMON-STOCK> 8,991,253
<SHARES-COMMON-PRIOR> 9,000,449
<ACCUMULATED-NII-CURRENT> 614,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,693,339)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (13,395,032)
<NET-ASSETS> 1,494,809,613
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 53,003,235
<OTHER-INCOME> 0
<EXPENSES-NET> 7,320,679
<NET-INVESTMENT-INCOME> 45,682,556
<REALIZED-GAINS-CURRENT> (2,662,527)
<APPREC-INCREASE-CURRENT> (10,582,752)
<NET-CHANGE-FROM-OPS> 32,437,277
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,536,786)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,583,824
<NUMBER-OF-SHARES-REDEEMED> (1,730,811)
<SHARES-REINVESTED> 137,791
<NET-CHANGE-IN-ASSETS> (55,417,938)
<ACCUMULATED-NII-PRIOR> 26,882
<ACCUMULATED-GAINS-PRIOR> (16,030,812)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,116,997
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,320,679
<AVERAGE-NET-ASSETS> 129,900,782
<PER-SHARE-NAV-BEGIN> 14.90
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> (0.12)
<PER-SHARE-DIVIDEND> (0.40)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.78
<EXPENSE-RATIO> 1.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
