<PAGE> PAGE 1
000 B000000 07/31/95
000 C000000 0000050013
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE INCOME FUND OF AMERICA, INC.
001 B000000 811-1880
001 C000000 4154219360
002 A000000 FOUR EMBARCADERO CENTER
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
002 D020000 4125
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
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
<PAGE> PAGE 2
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
<PAGE> PAGE 3
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
008 A000001 CAPITAL RESEARCH AND MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8055
008 D010001 LOS ANGELES
008 D020001 CA
008 D030001 90071
008 D040001 1402
011 A000001 AMERICAN FUNDS DISTRIBUTORS, INC.
011 B000001 8-17168
011 C010001 LOS ANGELES
011 C020001 CA
011 C030001 90071
011 C040001 1402
012 A000001 AMERICAN FUNDS SERVICE COMPANY
012 B000001 84-00316
012 C010001 BREA
012 C020001 CA
012 C030001 92622
012 C040001 2205
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 LOS ANGELES
013 B020001 CA
013 B030001 90017
013 B040001 1532
015 A000001 CHASE MANHATTAN BANK
015 B000001 S
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 E010001 X
015 A000002 CAJA DE VALORES
015 B000002 S
015 C010002 BUENOS ARIES
015 D010002 ARGENTINA
015 D020002 1353
015 E040002 X
015 A000003 CEDEL S.A.
015 B000003 S
015 C010003 LUXEMBOURG
015 D010003 LUXEMBOURG
<PAGE> PAGE 4
015 E040003 X
018 000000 Y
019 A000000 Y
019 B000000 37
019 C000000 CRMCFNDGRP
020 A000001 PAINEWEBBER INC.
020 B000001 13-2638166
020 C000001 521
020 A000002 MORGAN STANLEY & CO. INC.
020 B000002 13-2655998
020 C000002 328
020 A000003 PRUDENTIAL SECURITIES INC.
020 B000003 22-2347336
020 C000003 318
020 A000004 BURNS FRY INC.
020 B000004 13-2692943
020 C000004 215
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 196
020 A000006 FIRST MARATHON SECURITIES LTD.
020 B000006 NON-U.S.
020 C000006 188
020 A000007 SMITH BARNEY SHEARSON
020 B000007 13-2869611
020 C000007 187
020 A000008 GOLDMAN, SACHS & CO.
020 B000008 13-5108880
020 C000008 183
020 A000009 CS FIRST BOSTON CORP.
020 B000009 13-5659485
020 C000009 180
020 A000010 OPPENHEIMER & CO., INC.
020 B000010 13-2798343
020 C000010 157
021 000000 5001
022 A000001 ASSOCIATES CORP. OF NORTH AMERICA
022 B000001 74-1494554
022 C000001 1347984
022 D000001 0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002 868126
022 D000002 174424
022 A000003 LEHMAN COMMERCIAL PAPER INC.
022 B000003 13-2501865
022 C000003 696575
022 D000003 20587
022 A000004 GENERAL ELECTRIC CAPITAL CORP.
022 B000004 13-1500700
022 C000004 666127
<PAGE> PAGE 5
022 D000004 0
022 A000005 CS FIRST BOSTON CORP.
022 B000005 13-5659485
022 C000005 380337
022 D000005 186341
022 A000006 MORGAN STANLEY & CO. INC.
022 B000006 13-2655998
022 C000006 193925
022 D000006 280933
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000007 13-5674085
022 C000007 320793
022 D000007 107411
022 A000008 SALOMON BROTHERS INC.
022 B000008 13-3082694
022 C000008 224883
022 D000008 200185
022 A000009 FORD MOTOR CREDIT CO.
022 B000009 38-1612444
022 C000009 255828
022 D000009 0
022 A000010 MORGAN (J.P.) SECURITIES INC.
022 B000010 13-3224016
022 C000010 166650
022 D000010 85106
023 C000000 6973943
023 D000000 1780752
024 000000 Y
025 A000001 AMERICAN EXPRESS CO.
025 B000001 11-1988350
025 C000001 E
025 D000001 28875
025 A000002 FORD MOTOR CO.
025 B000002 38-0549190
025 C000002 E
025 D000002 96650
025 A000003 FORD MOTOR CAPITAL B.V.
025 B000003 NON-U.S.
025 C000003 D
025 D000003 6242
025 A000004 FORD MOTOR CREDIT CO.
025 B000004 38-1612444
025 C000004 D
025 D000004 2565
025 A000005 GENERAL ELECTRIC CAPITAL CORP.
025 B000005 13-1500700
025 C000005 D
025 D000005 4622
025 A000006 GE CAPITAL MORTGAGE SERVICES, INC.
025 B000006 21-0627285
025 C000006 D
<PAGE> PAGE 6
025 D000006 3691
025 A000007 MERRILL LYNCH MORTGAGE INVESTORS, INC.
025 B000007 13-3416059
025 C000007 D
025 D000007 2544
025 A000008 MORGAN (J.P.) & CO. INC.
025 B000008 13-2625764
025 C000008 E
025 D000008 48263
025 A000009 PRUDENTIAL HOME MORTGAGE SECURITIES CO., INC.
025 B000009 22-2221081
025 C000009 D
025 D000009 7987
025 D000010 0
025 D000011 0
025 D000012 0
025 D000013 0
025 D000014 0
025 D000015 0
025 D000016 0
025 D000017 0
025 D000018 0
025 D000019 0
025 D000020 0
025 D000021 0
025 D000022 0
025 D000023 0
025 D000024 0
025 D000025 0
025 D000026 0
025 D000027 0
025 D000028 0
025 D000029 0
025 D000030 0
025 D000031 0
025 D000032 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 126356
028 A020000 0
028 A030000 0
028 A040000 113958
028 B010000 144169
<PAGE> PAGE 7
028 B020000 132019
028 B030000 0
028 B040000 141528
028 C010000 126377
028 C020000 0
028 C030000 0
028 C040000 117685
028 D010000 144747
028 D020000 0
028 D030000 0
028 D040000 129333
028 E010000 141292
028 E020000 134272
028 E030000 0
028 E040000 120154
028 F010000 146822
028 F020000 0
028 F030000 0
028 F040000 114392
028 G010000 829763
028 G020000 266291
028 G030000 0
028 G040000 737050
028 H000000 537094
029 000000 Y
030 A000000 43908
030 B000000 5.75
030 C000000 0.00
031 A000000 7246
031 B000000 0
032 000000 36662
033 000000 0
034 000000 Y
035 000000 70
036 A000000 Y
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 25061
044 000000 0
<PAGE> PAGE 8
045 000000 Y
046 000000 N
047 000000 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
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
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 Y
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 N
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
<PAGE> PAGE 9
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
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 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
<PAGE> PAGE 10
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 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 3377195
071 B000000 2813332
071 C000000 10711409
071 D000000 26
072 A000000 12
072 B000000 492564
072 C000000 259485
072 D000000 0
072 E000000 0
072 F000000 35698
072 G000000 0
072 H000000 0
072 I000000 7211
072 J000000 260
072 K000000 1577
072 L000000 729
072 M000000 150
072 N000000 960
072 O000000 2
072 P000000 0
072 Q000000 0
072 R000000 43
072 S000000 8
072 T000000 25061
072 U000000 0
072 V000000 0
072 W000000 53
072 X000000 71752
072 Y000000 0
072 Z000000 680297
072AA000000 50302
<PAGE> PAGE 11
072BB000000 0
072CC010000 994833
072CC020000 0
072DD010000 598609
072DD020000 0
072EE000000 47119
073 A010000 0.7530
073 A020000 0.0000
073 B000000 0.0600
073 C000000 0.0000
074 A000000 1282
074 B000000 0
074 C000000 563982
074 D000000 5417662
074 E000000 579993
074 F000000 5592308
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 35360
074 K000000 0
074 L000000 148833
074 M000000 0
074 N000000 12339420
074 O000000 33037
074 P000000 3193
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 13033
074 S000000 0
074 T000000 12290157
074 U010000 823831
074 U020000 0
074 V010000 14.92
074 V020000 0.00
074 W000000 0.0000
074 X000000 689100
074 Y000000 0
075 A000000 0
075 B000000 11123413
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 B000000 CHUBB CUSTOM INSURANCE 2)ICI MUTUAL INSURANCE
<PAGE> PAGE 12
080 C000000 65000
081 A000000 Y
081 B000000 50
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 PATRICK F. QUAN
TITLE SECRETARY
INDEPENDENT AUDITOR'S REPORT
The Income Fund of America, Inc.:
In planning and performing our audit of the financial statements
of The Income Fund of America, Inc. (the "Fund") for the year
ended July 31, 1995, we considered its internal control structure,
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 the
internal control structure.
The management of the Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required
to assess the expected benefits and related costs of internal
control structure policies and procedures. Two of the objectives
of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and
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 any internal control structure,
errors or irregularities may occur and may not be detected. Also,
projection of any evaluation of the structure 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 the internal control structure would not
necessarily disclose all matters in the internal control structure
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 structure 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 the internal control structure, including
procedures for safeguarding securities, that we consider to be
material weaknesses as defined above as of July 31, 1995.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
Deloitte & Touche LLP
August 23, 1995
SHAREHOLDER SERVICES AGREEMENT
1. The parties to this Agreement, which is effective as of
January 1, 1995, are The Income Fund of America, Inc. (hereinafter
called "the Fund") and American Funds Service Company, a
California corporation (hereinafter called "AFS"). AFS is a
wholly owned subsidiary of Capital Research and Management Company
(hereinafter called "CRMC"). This Agreement will continue in
effect until amended or terminated in accordance with its terms.
2. The Fund hereby employs AFS, and AFS hereby accepts such
employment by the Fund, as its transfer agent. In such capacity
AFS will provide the services of stock transfer agent, dividend
disbursing agent, redemption agent, and such additional related
services as the Fund may from time to time require, all of which
services are sometimes referred to herein as "shareholder
services."
3. AFS has entered into substantially identical agreements
with other investment companies for which CRMC serves as
investment adviser. (For the purposes of this Agreement, such
investment companies, including the Fund, are called
"participating investment companies.")
4. AFS has entered into an agreement with DST Systems, Inc.
(hereinafter called "DST"), to provide AFS with electronic data
processing services sufficient for the performance of the
shareholder services referred to in paragraph 2.
5. The Fund, together with the other participating
companies, will maintain a Review and Advisory Committee, which
Committee will review and may make recommendations to the boards
of the participating investment companies regarding all fees and
charges provided for in this Agreement, as well as review the
level and quality of the shareholder services rendered to the
participating investment companies and their shareholders. Each
participating investment company may select one director or
trustee who is not affiliated with CRMC, or any of its affiliated
companies, or with Washington Management Corporation or any of its
affiliated companies, to serve on the Review and Advisory
Committee.
6. AFS will provide to the participating investment
companies the shareholder services referred to herein in return
for the following fees:
Annual account maintenance fee (paid monthly):
$.67 per month for each open account on AFS books or in
Level 2 or 4 Networking ($8.04 per year)
$.09 per month for each open account maintained in Street
Name or Level 1 or 3 Networking ($1.08 per year)
No annual fee will be charged for a participant
account underlying a 401(k)
or other defined contribution plan where the plan
maintains a single account on AFS books and
responds to all participant inquiries
Transaction fees:
$2.00 per non-automated transaction
$0.50 per automated transaction
For this purpose, "transactions" shall include all types of
transactions included in an "activity index" as reported to the
Review and Advisory Committee at least annually. AFS will bill
the Fund monthly, on or shortly after the first of each calendar
month, and the Fund will pay to AFS within five business days of
such billing.
Any revision of the schedule of charges set forth herein
shall require the affirmative vote of a majority of the members of
the board of directors/trustees of the Fund.
7. All fund-specific charges from third parties --
including DST charges, payments described in the next sentence,
postage, NSCC transaction charges and similar out-of-pocket
expenses -- will be passed through directly to the Fund or other
participating investment companies, as applicable. AFS, subject
to approval of its board of directors, is authorized in its
discretion to negotiate payments to third parties for account
maintenance and/or transaction processing services provided such
payments do not exceed the anticipated savings to the Fund, either
in fees payable to AFS hereunder or in other direct Fund expenses,
that AFS reasonably anticipates would be realized by the Fund from
using the services of such third party rather than maintaining the
accounts directly on AFS' books and/or processing non-automated
transactions.
8. It is understood that AFS may have income in excess of
its expenses and may accumulate capital and surplus. AFS is not,
however, permitted to distribute any net income or accumulated
surplus to its parent, CRMC, in the form of a dividend without the
affirmative vote of a majority of the members of the boards of
directors/trustees of the Fund and all participating investment
companies.
9. This Agreement may be amended at any time by mutual
agreement of the parties, with agreement of the Fund to be
evidenced by affirmative vote of a majority of the members of the
board of directors/trustees of the Fund.
10. This Agreement may be terminated on 180 days' written
notice by either party. In the event of a termination of this
Agreement, AFS and the Fund will each extend full cooperation in
effecting a conversion to whatever successor shareholder service
provider(s) the Fund may select, it being understood that all
records relating to the Fund and its shareholders are property of
the Fund.
11. In the event of a termination of this Agreement by the
Fund, the Fund will pay to AFS as a termination fee the Fund's
proportionate share of any costs of conversion of the Fund's
shareholder service from AFS to a successor. In the event of
termination of this Agreement and all corresponding agreements
with all the participating investment companies, all assets of AFS
will be sold or otherwise converted to cash, with a view to the
liquidation of AFS when it ceases to provide shareholder services
for the participating investment companies. To the extent any
such assets are sold by AFS to CRMC and/or any of its affiliates,
such sales shall be at fair market value at the time of sale as
agreed upon by AFS, the purchasing company or companies, and the
Review and Advisory Committee. After all assets of AFS have been
converted to cash and all liabilities of AFS have been paid or
discharged, an amount equal to any capital or paid-in surplus of
AFS that shall have been contributed by CRMC or its affiliates
shall be set aside in cash for distribution to CRMC upon
liquidation of AFS. Any other capital or surplus and any assets
of AFS remaining after the foregoing provisions for liabilities
and return of capital or paid-in surplus to CRMC shall be
distributed to the participating investment companies in such
proportions as may be determined by the Review and Advisory
Committee.
12. In the event of disagreement between the Fund and AFS,
or between the Fund and other participating investment companies
as to any matter arising under this Agreement, which the parties
to the disagreement are unable to resolve, the question shall be
referred to the Review and Advisory Committee for resolution. If
the Review and Advisory Committee is unable to resolve the
question to the satisfaction of both parties, either party may
elect to submit the question to arbitration; one arbitrator to be
named by each party to the disagreement and a third arbitrator to
be selected by the two arbitrators named by the original parties.
The decision of a majority of the arbitrators shall be final and
binding on all parties to the arbitration. The expenses of such
arbitration shall be paid by the party electing to submit the
question to arbitration.
13. The obligations of the Fund under this Agreement are not
binding upon any of the directors, trustees, officers, employees,
agents or shareholders of the Fund individually, but bind only the
Fund itself. AFS agrees to look solely to the assets of the Fund
for the satisfaction of any liability of the Fund in respect to
this Agreement and will not seek recourse against such directors,
trustees, officers, employees, agents or shareholders, or any of
them or their personal assets for such satisfaction.
AMERICAN FUNDS SERVICE COMPANY THE INCOME FUND OF AMERICA, INC.
By /s/ Don R. Conlan By /s/ Walter P. Stern
Don R. Conlan, Chairman Walter P. Stern, Chairman
By /s/ Kenneth R. Gorvetzian By /s/ Patrick F. Quan
Kenneth R. Gorvetzian, Secretary Patrick F. Quan, Secretary
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-START> AUG-1-1994
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 11,024,746
<INVESTMENTS-AT-VALUE> 12,153,945
<RECEIVABLES> 184,193
<ASSETS-OTHER> 1,282
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,339,420
<PAYABLE-FOR-SECURITIES> 33,037
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,226
<TOTAL-LIABILITIES> 49,263
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,179,174
<SHARES-COMMON-STOCK> 823,830,743
<SHARES-COMMON-PRIOR> 775,239,716
<ACCUMULATED-NII-CURRENT> 110,419
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 47,534
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,129,199
<NET-ASSETS> 12,290,157
<DIVIDEND-INCOME> 259,485
<INTEREST-INCOME> 492,564
<OTHER-INCOME> 0
<EXPENSES-NET> 71,752
<NET-INVESTMENT-INCOME> 680,297
<REALIZED-GAINS-CURRENT> 50,302
<APPREC-INCREASE-CURRENT> 994,833
<NET-CHANGE-FROM-OPS> 1,725,432
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 598,609
<DISTRIBUTIONS-OF-GAINS> 47,119
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 118,485,003
<NUMBER-OF-SHARES-REDEEMED> 112,581,008
<SHARES-REINVESTED> 42,687,032
<NET-CHANGE-IN-ASSETS> 1,753,334
<ACCUMULATED-NII-PRIOR> 28,731
<ACCUMULATED-GAINS-PRIOR> 44,351
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35,698
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 71,752
<AVERAGE-NET-ASSETS> 11,123,413
<PER-SHARE-NAV-BEGIN> 13.59
<PER-SHARE-NII> .85
<PER-SHARE-GAIN-APPREC> 1.29
<PER-SHARE-DIVIDEND> .75
<PER-SHARE-DISTRIBUTIONS> .06
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.92
<EXPENSE-RATIO> .006
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
