<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> EXCHANGE FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 9,471,683
<INVESTMENTS-AT-VALUE> 117,568,374
<RECEIVABLES> 79,010
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 64,805
<TOTAL-ASSETS> 117,712,189
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 312,588
<TOTAL-LIABILITIES> 312,588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (49,465,276)
<SHARES-COMMON-STOCK> 259,513
<SHARES-COMMON-PRIOR> 270,385
<ACCUMULATED-NII-CURRENT> 2,988,489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 55,779,697
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 108,096,691
<NET-ASSETS> 117,399,601
<DIVIDEND-INCOME> 517,191
<INTEREST-INCOME> 64,682
<OTHER-INCOME> 0
<EXPENSES-NET> (383,547)
<NET-INVESTMENT-INCOME> 198,326
<REALIZED-GAINS-CURRENT> 3,974,927
<APPREC-INCREASE-CURRENT> 23,729,470
<NET-CHANGE-FROM-OPS> 27,902,723
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (170,904)
<DISTRIBUTIONS-OF-GAINS> (144,772)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (11,038)
<SHARES-REINVESTED> 166
<NET-CHANGE-IN-ASSETS> 23,194,702
<ACCUMULATED-NII-PRIOR> 2,961,067
<ACCUMULATED-GAINS-PRIOR> 51,949,542
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 266,289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 383,547
<AVERAGE-NET-ASSETS> 107,105,132
<PER-SHARE-NAV-BEGIN> 348.410
<PER-SHARE-NII> 0.747
<PER-SHARE-GAIN-APPREC> 104.403
<PER-SHARE-DIVIDEND> (0.640)
<PER-SHARE-DISTRIBUTIONS> (0.536)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 452.384
<EXPENSE-RATIO> 0.72
</TABLE>
