<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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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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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 29381
071 B000400 31701
071 C000400 17777
071 D000400 165
072 A000400 12
072 B000400 1321
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 120
072 G000400 0
072 H000400 0
072 I000400 13
072 J000400 4
072 K000400 0
072 L000400 0
072 M000400 2
072 N000400 22
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 37
072 U000400 0
072 V000400 0
072 W000400 16
072 X000400 214
072 Y000400 15
072 Z000400 1122
072AA000400 0
072BB000400 184
072CC010400 0
072CC020400 1875
072DD010400 943
072DD020400 180
072EE000400 0
073 A010400 0.7008
<PAGE> PAGE 22
073 A020400 0.5405
073 B000400 0.0000
073 C000400 0.0000
074 A000400 81
074 B000400 0
074 C000400 0
074 D000400 17433
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 221
074 M000400 0
074 N000400 17735
074 O000400 0
074 P000400 11
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 39
074 S000400 0
074 T000400 17685
074 U010400 1488
074 U020400 0
074 V010400 11.89
074 V020400 11.89
074 W000400 0.0000
074 X000400 1266
074 Y000400 0
075 A000400 19995
075 B000400 0
076 000400 0.00
028 A010500 18159
028 A020500 974
028 A030500 0
028 A040500 13322
028 B010500 20913
028 B020500 0
028 B030500 0
028 B040500 24093
028 C010500 17302
028 C020500 5790
028 C030500 0
028 C040500 25837
028 D010500 16601
028 D020500 969
028 D030500 0
<PAGE> PAGE 23
028 D040500 15733
028 E010500 15603
028 E020500 0
028 E030500 0
028 E040500 22423
028 F010500 11431
028 F020500 33328
028 F030500 0
028 F040500 15515
028 G010500 100009
028 G020500 41061
028 G030500 0
028 G040500 116923
028 H000500 0
029 000500 N
030 A000500 0
030 B000500 0.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
034 000500 Y
035 000500 0
036 A000500 N
036 B000500 0
042 A000500 8
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 54
042 F000500 0
042 G000500 0
042 H000500 38
043 000500 853
044 000500 0
045 000500 Y
046 000500 Y
047 000500 Y
048 000500 0.900
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
<PAGE> PAGE 24
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
061 000500 1000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 C000500 Y
067 000500 N
068 A000500 N
068 B000500 N
<PAGE> PAGE 25
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 283297
071 B000500 319679
071 C000500 386490
071 D000500 73
072 A000500 12
072 B000500 1011
072 C000500 9547
072 D000500 0
072 E000500 0
072 F000500 3472
072 G000500 0
072 H000500 0
072 I000500 110
072 J000500 10
<PAGE> PAGE 26
072 K000500 0
072 L000500 0
072 M000500 63
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 0
072 T000500 853
072 U000500 0
072 V000500 0
072 W000500 17
072 X000500 4525
072 Y000500 58
072 Z000500 6091
072AA000500 38921
072BB000500 0
072CC010500 0
072CC020500 42543
072DD010500 4791
072DD020500 1050
072EE000500 35124
073 A010500 0.3998
073 A020500 0.4290
073 B000500 2.9687
073 C000500 0.0000
074 A000500 907
074 B000500 0
074 C000500 8448
074 D000500 204
074 E000500 8713
074 F000500 357828
074 G000500 0
074 H000500 0
074 I000500 2
074 J000500 3970
074 K000500 0
074 L000500 1214
074 M000500 0
074 N000500 381286
074 O000500 1769
074 P000500 316
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 827
074 S000500 0
074 T000500 378374
074 U010500 12944
<PAGE> PAGE 27
074 U020500 2464
074 V010500 24.56
074 V020500 24.56
074 W000500 0.0000
074 X000500 21731
074 Y000500 0
075 A000500 409187
075 B000500 0
076 000500 0.00
028 A010600 1486
028 A020600 0
028 A030600 0
028 A040600 2622
028 B010600 2856
028 B020600 0
028 B030600 0
028 B040600 3954
028 C010600 1381
028 C020600 139
028 C030600 0
028 C040600 3263
028 D010600 1433
028 D020600 0
028 D030600 0
028 D040600 3301
028 E010600 887
028 E020600 0
028 E030600 0
028 E040600 4420
028 F010600 3059
028 F020600 102
028 F030600 0
028 F040600 6740
028 G010600 11102
028 G020600 241
028 G030600 0
028 G040600 24300
028 H000600 0
029 000600 N
030 A000600 0
030 B000600 0.00
030 C000600 0.00
031 A000600 0
031 B000600 0
032 000600 0
033 000600 0
034 000600 N
035 000600 0
036 B000600 0
042 A000600 8
042 B000600 0
<PAGE> PAGE 28
042 C000600 0
042 D000600 0
042 E000600 54
042 F000600 0
042 G000600 0
042 H000600 38
043 000600 198
044 000600 0
045 000600 Y
046 000600 Y
047 000600 Y
048 000600 1.150
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
061 000600 1000
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
<PAGE> PAGE 29
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 D000600 Y
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 Y
070 C010600 N
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
<PAGE> PAGE 30
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 110193
071 B000600 131584
071 C000600 82802
071 D000600 133
072 A000600 12
072 B000600 441
072 C000600 421
072 D000600 0
072 E000600 0
072 F000600 1029
072 G000600 0
072 H000600 0
072 I000600 22
072 J000600 14
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072 M000600 12
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 4
072 S000600 5
072 T000600 198
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072 W000600 19
072 X000600 1303
072 Y000600 0
072 Z000600 -441
072AA000600 0
072BB000600 634
072CC010600 0
072CC020600 18173
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
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073 B000600 0.0486
073 C000600 0.0000
074 A000600 160
074 B000600 0
074 C000600 4166
<PAGE> PAGE 31
074 D000600 0
074 E000600 167
074 F000600 63087
074 G000600 0
074 H000600 0
074 I000600 726
074 J000600 5018
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074 L000600 153
074 M000600 0
074 N000600 73477
074 O000600 1400
074 P000600 82
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 372
074 S000600 0
074 T000600 71623
074 U010600 4424
074 U020600 459
074 V010600 14.65
074 V020600 14.78
074 W000600 0.0000
074 X000600 8024
074 Y000600 0
075 A000600 94427
075 B000600 0
076 000600 0.00
063 A000700 0
063 B000700 0.0
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 0
074 N000700 0
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
<PAGE> PAGE 32
074 R030700 0
074 R040700 0
074 S000700 0
074 T000700 0
074 U010700 0
074 U020700 0
074 V010700 0.00
074 V020700 0.00
074 W000700 0.0000
074 X000700 0
074 Y000700 0
075 A000700 5543
075 B000700 0
076 000700 0.00
SIGNATURE LAURA DELL
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Cash Managment Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 222,203,086
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,606,619
<OTHER-INCOME> 0
<EXPENSES-NET> 1,329,952
<NET-INVESTMENT-INCOME> 6,276,667
<REALIZED-GAINS-CURRENT> 1,847,179
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 8,123,846
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,804,756
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 672,420,779
<NUMBER-OF-SHARES-REDEEMED> 899,874,105
<SHARES-REINVESTED> 5,250,240
<NET-CHANGE-IN-ASSETS> (4,869,969)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,085
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 993,659
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,477,324
<AVERAGE-NET-ASSETS> 204,970,237
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Government Money Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 58,673,152
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,657,733
<OTHER-INCOME> 0
<EXPENSES-NET> 325,808
<NET-INVESTMENT-INCOME> 1,331,925
<REALIZED-GAINS-CURRENT> 260,630
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,592,555
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,340,389
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 226,263,157
<NUMBER-OF-SHARES-REDEEMED> 285,864,791
<SHARES-REINVESTED> 928,211
<NET-CHANGE-IN-ASSETS> (4,869,969)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6,762
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 245,840
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 359,173
<AVERAGE-NET-ASSETS> 48,867,916
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Premier Managed Income Fund Class A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 107,021,537
<INVESTMENTS-AT-VALUE> 101,322,796
<RECEIVABLES> 1,197,487
<ASSETS-OTHER> 2,041
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 102,522,324
<PAYABLE-FOR-SECURITIES> 12,685,477
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 701,435
<TOTAL-LIABILITIES> 13,386,912
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,683,291
<SHARES-COMMON-STOCK> 7,857,534
<SHARES-COMMON-PRIOR> 5,100,234
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 34,274
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 6,814,864
<ACCUM-APPREC-OR-DEPREC> (5,698,741)
<NET-ASSETS> 89,135,412
<DIVIDEND-INCOME> 244,184
<INTEREST-INCOME> 6,872,891
<OTHER-INCOME> 0
<EXPENSES-NET> 902,959
<NET-INVESTMENT-INCOME> 6,214,116
<REALIZED-GAINS-CURRENT> (3,956,546)
<APPREC-INCREASE-CURRENT> (7,391,645)
<NET-CHANGE-FROM-OPS> (5,134,075)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,050,079
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,868,476
<NUMBER-OF-SHARES-REDEEMED> 5,028,074
<SHARES-REINVESTED> 421,059
<NET-CHANGE-IN-ASSETS> (8,663,676)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 80,813
<OVERDIST-NET-GAINS-PRIOR> 2,712,931
<GROSS-ADVISORY-FEES> 642,985
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 915,380
<AVERAGE-NET-ASSETS> 97,601,618
<PER-SHARE-NAV-BEGIN> 11.38
<PER-SHARE-NII> 0.69
<PER-SHARE-GAIN-APPREC> (1.26)
<PER-SHARE-DIVIDEND> (0.69)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<ARTICLE> 6
<SERIES>
[NUMBER] 3
<NAME> Premier Managed Income Fund Class R
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 107,021,537
[INVESTMENTS-AT-VALUE] 101,322,796
[RECEIVABLES] 1,197,487
[ASSETS-OTHER] 2,041
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 102,522,324
[PAYABLE-FOR-SECURITIES] 12,685,477
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 701,435
[TOTAL-LIABILITIES] 13,386,912
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 101,683,291
[SHARES-COMMON-STOCK] 947,069
[SHARES-COMMON-PRIOR] 996,076
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 34,274
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 6,814,864
[ACCUM-APPREC-OR-DEPREC] (5,698,741)
[NET-ASSETS] 89,135,412
[DIVIDEND-INCOME] 244,184
[INTEREST-INCOME] 6,872,891
[OTHER-INCOME] 0
[EXPENSES-NET] 902,959
[NET-INVESTMENT-INCOME] 6,214,116
[REALIZED-GAINS-CURRENT] (3,956,546)
[APPREC-INCREASE-CURRENT] (7,391,645)
[NET-CHANGE-FROM-OPS] (5,134,075)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 817,994
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 538,268
[NUMBER-OF-SHARES-REDEEMED] 633,398
[SHARES-REINVESTED] 46,123
[NET-CHANGE-IN-ASSETS] (8,663,676)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 80,813
[OVERDIST-NET-GAINS-PRIOR] 2,712,931
[GROSS-ADVISORY-FEES] 642,985
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 915,380
[AVERAGE-NET-ASSETS] 97,601,618
[PER-SHARE-NAV-BEGIN] 11.38
[PER-SHARE-NII] 0.72
[PER-SHARE-GAIN-APPREC] (1.26)
[PER-SHARE-DIVIDEND] (0.72)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.12
[EXPENSE-RATIO] 0.71
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Premier Limited Term Government Securities Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 18,232,948
<INVESTMENTS-AT-VALUE> 17,433,270
<RECEIVABLES> 220,890
<ASSETS-OTHER> 80,681
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,734,841
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,991
<TOTAL-LIABILITIES> 49,991
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,676,321
<SHARES-COMMON-STOCK> 1,487,628
<SHARES-COMMON-PRIOR> 1,716,266
<ACCUMULATED-NII-CURRENT> 2,388
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 194,181
<ACCUM-APPREC-OR-DEPREC> (799,678)
<NET-ASSETS> 17,684,850
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,321,025
<OTHER-INCOME> 0
<EXPENSES-NET> 198,592
<NET-INVESTMENT-INCOME> 1,122,433
<REALIZED-GAINS-CURRENT> (183,515)
<APPREC-INCREASE-CURRENT> (1,875,149)
<NET-CHANGE-FROM-OPS> (936,231)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 942,903
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 671,131
<NUMBER-OF-SHARES-REDEEMED> 983,069
<SHARES-REINVESTED> 83,300
<NET-CHANGE-IN-ASSETS> (4,869,969)
<ACCUMULATED-NII-PRIOR> 14,852
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 23,130
<GROSS-ADVISORY-FEES> 119,957
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 213,419
<AVERAGE-NET-ASSETS> 19,995,479
<PER-SHARE-NAV-BEGIN> 13.14
<PER-SHARE-NII> 0.68
<PER-SHARE-GAIN-APPREC> (1.23)
<PER-SHARE-DIVIDEND> (0.70)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.89
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Dreyfus Core Value Fund - Investor Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 367,467,100
<INVESTMENTS-AT-VALUE> 375,195,311
<RECEIVABLES> 5,183,587
<ASSETS-OTHER> 906,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 381,285,708
<PAYABLE-FOR-SECURITIES> 1,768,928
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,143,258
<TOTAL-LIABILITIES> 2,912,186
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 365,945,375
<SHARES-COMMON-STOCK> 12,943,931
<SHARES-COMMON-PRIOR> 12,580,970
<ACCUMULATED-NII-CURRENT> 591,925
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,113,430
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,722,792
<NET-ASSETS> 378,373,522
<DIVIDEND-INCOME> 9,547,039
<INTEREST-INCOME> 1,011,200
<OTHER-INCOME> 0
<EXPENSES-NET> 4,467,632
<NET-INVESTMENT-INCOME> 6,090,607
<REALIZED-GAINS-CURRENT> 38,921,441
<APPREC-INCREASE-CURRENT> (42,542,693)
<NET-CHANGE-FROM-OPS> 2,469,355
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,790,982
<DISTRIBUTIONS-OF-GAINS> 35,173,927
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,267,535
<NUMBER-OF-SHARES-REDEEMED> 2,315,216
<SHARES-REINVESTED> 1,410,642
<NET-CHANGE-IN-ASSETS> (51,095,210)
<ACCUMULATED-NII-PRIOR> 213,589
<ACCUMULATED-GAINS-PRIOR> 7,670,847
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,473,675
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,527,311
<AVERAGE-NET-ASSETS> 409,186,790
<PER-SHARE-NAV-BEGIN> 27.80
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> (0.29)
<PER-SHARE-DIVIDEND> (0.40)
<PER-SHARE-DISTRIBUTIONS> (2.97)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 24.56
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<ARTICLE> 6
<SERIES>
[NUMBER] 5
<NAME> Dreyfus Core Value Fund - Institutional Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 367,467,100
[INVESTMENTS-AT-VALUE] 375,195,311
[RECEIVABLES] 5,183,587
[ASSETS-OTHER] 906,810
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 381,285,708
[PAYABLE-FOR-SECURITIES] 1,768,928
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,143,258
[TOTAL-LIABILITIES] 2,912,186
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 365,945,375
[SHARES-COMMON-STOCK] 2,420,240
[SHARES-COMMON-PRIOR] 2,864,793
[ACCUMULATED-NII-CURRENT] 591,925
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,113,430
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 7,722,792
[NET-ASSETS] 378,373,522
[DIVIDEND-INCOME] 9,547,039
[INTEREST-INCOME] 1,011,200
[OTHER-INCOME] 0
[EXPENSES-NET] 4,467,632
[NET-INVESTMENT-INCOME] 6,090,607
[REALIZED-GAINS-CURRENT] 38,921,441
[APPREC-INCREASE-CURRENT] (42,542,693)
[NET-CHANGE-FROM-OPS] 2,469,355
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,036,131
[DISTRIBUTIONS-OF-GAINS] 7,027,785
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 12,106,152
[NUMBER-OF-SHARES-REDEEMED] 12,845,855
[SHARES-REINVESTED] 295,150
[NET-CHANGE-IN-ASSETS] (51,095,210)
[ACCUMULATED-NII-PRIOR] 213,589
[ACCUMULATED-GAINS-PRIOR] 7,670,847
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,473,675
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,527,311
[AVERAGE-NET-ASSETS] 409,186,790
[PER-SHARE-NAV-BEGIN] 27.80
[PER-SHARE-NII] 0.47
[PER-SHARE-GAIN-APPREC] (0.31)
[PER-SHARE-DIVIDEND] (0.43)
[PER-SHARE-DISTRIBUTIONS] (2.97)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 24.56
[EXPENSE-RATIO] 1.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<SERIES>
[NUMBER] 5
<NAME> Dreyfus Core Value Fund - Class R Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 367,467,100
[INVESTMENTS-AT-VALUE] 375,195,311
[RECEIVABLES] 5,183,587
[ASSETS-OTHER] 906,810
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 381,285,708
[PAYABLE-FOR-SECURITIES] 1,768,928
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,143,258
[TOTAL-LIABILITIES] 2,912,186
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 365,945,375
[SHARES-COMMON-STOCK] 43,588
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 591,925
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,113,430
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 7,722,792
[NET-ASSETS] 378,373,522
[DIVIDEND-INCOME] 9,547,039
[INTEREST-INCOME] 1,011,200
[OTHER-INCOME] 0
[EXPENSES-NET] 4,467,632
[NET-INVESTMENT-INCOME] 6,090,607
[REALIZED-GAINS-CURRENT] 38,921,441
[APPREC-INCREASE-CURRENT] (42,542,693)
[NET-CHANGE-FROM-OPS] 2,469,355
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 14,497
[DISTRIBUTIONS-OF-GAINS] 147,807
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 63,627
[NUMBER-OF-SHARES-REDEEMED] 24,929
[SHARES-REINVESTED] 4,890
[NET-CHANGE-IN-ASSETS] (51,095,210)
[ACCUMULATED-NII-PRIOR] 213,589
[ACCUMULATED-GAINS-PRIOR] 7,670,847
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,473,675
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,527,311
[AVERAGE-NET-ASSETS] 409,186,790
[PER-SHARE-NAV-BEGIN] 28.45
[PER-SHARE-NII] 0.29
[PER-SHARE-GAIN-APPREC] (0.83)
[PER-SHARE-DIVIDEND] (0.38)
[PER-SHARE-DISTRIBUTIONS] (2.97)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 24.56
[EXPENSE-RATIO] 0.86
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> Dreyfus Special Growth Fund - Investor Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 73,799,487
<INVESTMENTS-AT-VALUE> 68,146,986
<RECEIVABLES> 5,065,415
<ASSETS-OTHER> 160,221
<OTHER-ITEMS-ASSETS> 104,555
<TOTAL-ASSETS> 73,477,177
<PAYABLE-FOR-SECURITIES> 1,399,898
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 454,198
<TOTAL-LIABILITIES> 1,854,096
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78,025,581
<SHARES-COMMON-STOCK> 4,424,392
<SHARES-COMMON-PRIOR> 4,667,278
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 748,482
<ACCUM-APPREC-OR-DEPREC> (5,654,018)
<NET-ASSETS> 71,623,081
<DIVIDEND-INCOME> 440,725
<INTEREST-INCOME> 421,557
<OTHER-INCOME> 0
<EXPENSES-NET> 1,303,243
<NET-INVESTMENT-INCOME> (440,961)
<REALIZED-GAINS-CURRENT> (633,633)
<APPREC-INCREASE-CURRENT> (18,173,370)
<NET-CHANGE-FROM-OPS> (19,247,964)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 228,273
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,941,895
<NUMBER-OF-SHARES-REDEEMED> 3,294,041
<SHARES-REINVESTED> 14,090
<NET-CHANGE-IN-ASSETS> (46,946,189)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 146,852
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,029,143
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,303,243
<AVERAGE-NET-ASSETS> 94,426,763
<PER-SHARE-NAV-BEGIN> 17.97
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (3.18)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.65
<EXPENSE-RATIO> 1.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> Dreyfus Special Growth Fund - Class R Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 73,799,487
[INVESTMENTS-AT-VALUE] 68,146,986
[RECEIVABLES] 5,065,415
[ASSETS-OTHER] 160,221
[OTHER-ITEMS-ASSETS] 104,555
[TOTAL-ASSETS] 73,477,177
[PAYABLE-FOR-SECURITIES] 1,399,898
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 454,198
[TOTAL-LIABILITIES] 1,854,096
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 78,025,581
[SHARES-COMMON-STOCK] 458,870
[SHARES-COMMON-PRIOR] 827,175
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 748,482
[ACCUM-APPREC-OR-DEPREC] (5,654,018)
[NET-ASSETS] 71,623,081
[DIVIDEND-INCOME] 440,725
[INTEREST-INCOME] 421,557
[OTHER-INCOME] 0
[EXPENSES-NET] 1,303,243
[NET-INVESTMENT-INCOME] (440,961)
[REALIZED-GAINS-CURRENT] (633,633)
[APPREC-INCREASE-CURRENT] (18,173,370)
[NET-CHANGE-FROM-OPS] (19,247,964)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 28,277
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 82,480
[NUMBER-OF-SHARES-REDEEMED] 452,409
[SHARES-REINVESTED] 1,624
[NET-CHANGE-IN-ASSETS] (46,946,189)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 146,852
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,029,143
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,303,243
[AVERAGE-NET-ASSETS] 94,426,763
[PER-SHARE-NAV-BEGIN] 18.06
[PER-SHARE-NII] (0.02)
[PER-SHARE-GAIN-APPREC] (3.21)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.05)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 14.78
[EXPENSE-RATIO] 1.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> Dreyfus Special Growth Fund - Investor Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 73,799,487
[INVESTMENTS-AT-VALUE] 68,146,986
[RECEIVABLES] 5,065,415
[ASSETS-OTHER] 160,221
[OTHER-ITEMS-ASSETS] 104,555
[TOTAL-ASSETS] 73,477,177
[PAYABLE-FOR-SECURITIES] 1,399,898
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 454,198
[TOTAL-LIABILITIES] 1,854,096
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 78,025,581
[SHARES-COMMON-STOCK] 4,424,392
[SHARES-COMMON-PRIOR] 4,667,278
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 748,482
[ACCUM-APPREC-OR-DEPREC] (5,654,018)
[NET-ASSETS] 71,623,081
[DIVIDEND-INCOME] 440,725
[INTEREST-INCOME] 421,557
[OTHER-INCOME] 0
[EXPENSES-NET] 1,303,243
[NET-INVESTMENT-INCOME] (440,961)
[REALIZED-GAINS-CURRENT] (633,633)
[APPREC-INCREASE-CURRENT] (18,173,370)
[NET-CHANGE-FROM-OPS] (19,247,964)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 228,273
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,941,895
[NUMBER-OF-SHARES-REDEEMED] 3,294,041
[SHARES-REINVESTED] 14,090
[NET-CHANGE-IN-ASSETS] (46,946,189)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 146,852
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,029,143
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,303,243
[AVERAGE-NET-ASSETS] 94,426,763
[PER-SHARE-NAV-BEGIN] 17.97
[PER-SHARE-NII] (0.09)
[PER-SHARE-GAIN-APPREC] (3.18)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.05)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 14.65
[EXPENSE-RATIO] 1.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> Dreyfus Special Growth Fund - Class R Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 73,799,487
[INVESTMENTS-AT-VALUE] 68,146,986
[RECEIVABLES] 5,065,415
[ASSETS-OTHER] 160,221
[OTHER-ITEMS-ASSETS] 104,555
[TOTAL-ASSETS] 73,477,177
[PAYABLE-FOR-SECURITIES] 1,399,898
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 454,198
[TOTAL-LIABILITIES] 1,854,096
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 78,025,581
[SHARES-COMMON-STOCK] 458,870
[SHARES-COMMON-PRIOR] 827,175
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 748,482
[ACCUM-APPREC-OR-DEPREC] (5,654,018)
[NET-ASSETS] 71,623,081
[DIVIDEND-INCOME] 440,725
[INTEREST-INCOME] 421,557
[OTHER-INCOME] 0
[EXPENSES-NET] 1,303,243
[NET-INVESTMENT-INCOME] (440,961)
[REALIZED-GAINS-CURRENT] (633,633)
[APPREC-INCREASE-CURRENT] (18,173,370)
[NET-CHANGE-FROM-OPS] (19,247,964)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 28,277
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 82,480
[NUMBER-OF-SHARES-REDEEMED] 452,409
[SHARES-REINVESTED] 1,624
[NET-CHANGE-IN-ASSETS] (46,946,189)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 146,852
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,029,143
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,303,243
[AVERAGE-NET-ASSETS] 94,426,763
[PER-SHARE-NAV-BEGIN] 18.06
[PER-SHARE-NII] (0.02)
[PER-SHARE-GAIN-APPREC] (3.21)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] (0.05)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 14.78
[EXPENSE-RATIO] 1.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
