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<PAGE> PAGE 11
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<PAGE> PAGE 21
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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SIGNATURE ANN M. STROOTMAN
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 103,491,311
<INVESTMENTS-AT-VALUE> 137,230,147
<RECEIVABLES> 216,600
<ASSETS-OTHER> 1,254
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 137,448,001
<PAYABLE-FOR-SECURITIES> 1,119,150
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 270,605
<TOTAL-LIABILITIES> 1,389,755
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 102,355,392
<SHARES-COMMON-STOCK> 5,583,243
<SHARES-COMMON-PRIOR> 4,942,020
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (35,982)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,738,836
<NET-ASSETS> 136,058,246
<DIVIDEND-INCOME> 1,172,790
<INTEREST-INCOME> 266,042
<OTHER-INCOME> (2,071)
<EXPENSES-NET> 954,758
<NET-INVESTMENT-INCOME> 482,003
<REALIZED-GAINS-CURRENT> 13,834,988
<APPREC-INCREASE-CURRENT> 14,267,440
<NET-CHANGE-FROM-OPS> 28,584,431
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 482,003
<DISTRIBUTIONS-OF-GAINS> 13,678,856
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,907,900
<NUMBER-OF-SHARES-REDEEMED> 12,473,543
<SHARES-REINVESTED> 14,160,857
<NET-CHANGE-IN-ASSETS> 30,018,786
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 600,772
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 954,758
<AVERAGE-NET-ASSETS> 124,377,315
<PER-SHARE-NAV-BEGIN> 21.46
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 5.64
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 2.73
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.37
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 37,333,851
<INVESTMENTS-AT-VALUE> 37,333,851
<RECEIVABLES> 353,126
<ASSETS-OTHER> 1,313
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37,688,290
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 211,906
<TOTAL-LIABILITIES> 211,906
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,478,141
<SHARES-COMMON-STOCK> 37,478,141
<SHARES-COMMON-PRIOR> 34,502,151
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,757)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 37,476,384
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,161,404
<OTHER-INCOME> 0
<EXPENSES-NET> 264,728
<NET-INVESTMENT-INCOME> 1,896,676
<REALIZED-GAINS-CURRENT> (225)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,896,451
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,896,676
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52,596,243
<NUMBER-OF-SHARES-REDEEMED> 51,478,157
<SHARES-REINVESTED> 1,857,904
<NET-CHANGE-IN-ASSETS> 2,975,765
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,532)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 148,226
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 264,728
<AVERAGE-NET-ASSETS> 37,674,853
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> FLEXIBLY MANAGED
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 440,167,542
<INVESTMENTS-AT-VALUE> 515,531,351
<RECEIVABLES> 3,505,131
<ASSETS-OTHER> 4,477
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 519,040,959
<PAYABLE-FOR-SECURITIES> 1,973,039
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 929,196
<TOTAL-LIABILITIES> 2,902,235
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 440,801,069
<SHARES-COMMON-STOCK> 26,029,570
<SHARES-COMMON-PRIOR> 21,265,896
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (26,314)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 75,363,969
<NET-ASSETS> 516,138,724
<DIVIDEND-INCOME> 7,090,647
<INTEREST-INCOME> 10,789,548
<OTHER-INCOME> (34,053)
<EXPENSES-NET> 3,500,027
<NET-INVESTMENT-INCOME> 14,346,115
<REALIZED-GAINS-CURRENT> 29,570,973
<APPREC-INCREASE-CURRENT> 23,598,612
<NET-CHANGE-FROM-OPS> 67,515,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,346,115
<DISTRIBUTIONS-OF-GAINS> 29,491,615
<DISTRIBUTIONS-OTHER> 99,694
<NUMBER-OF-SHARES-SOLD> 80,965,783
<NUMBER-OF-SHARES-REDEEMED> 30,886,898
<SHARES-REINVESTED> 43,937,424
<NET-CHANGE-IN-ASSETS> 117,594,585
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,310,427
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,500,027
<AVERAGE-NET-ASSETS> 462,085,393
<PER-SHARE-NAV-BEGIN> 18.74
<PER-SHARE-NII> 0.61
<PER-SHARE-GAIN-APPREC> 2.33
<PER-SHARE-DIVIDEND> 0.61
<PER-SHARE-DISTRIBUTIONS> 1.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.83
<EXPENSE-RATIO> 0.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> HIGH YIELD BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 55,860,714
<INVESTMENTS-AT-VALUE> 58,143,961
<RECEIVABLES> 1,099,426
<ASSETS-OTHER> 632
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,244,019
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106,355
<TOTAL-LIABILITIES> 106,355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,440,118
<SHARES-COMMON-STOCK> 6,214,249
<SHARES-COMMON-PRIOR> 4,941,766
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,585,701)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,283,247
<NET-ASSETS> 59,137,664
<DIVIDEND-INCOME> 315,064
<INTEREST-INCOME> 4,656,080
<OTHER-INCOME> 0
<EXPENSES-NET> 410,846
<NET-INVESTMENT-INCOME> 4,560,298
<REALIZED-GAINS-CURRENT> 2,964,765
<APPREC-INCREASE-CURRENT> (118,203)
<NET-CHANGE-FROM-OPS> 7,406,860
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,560,298
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 10,576
<NUMBER-OF-SHARES-SOLD> 15,567,712
<NUMBER-OF-SHARES-REDEEMED> 7,878,467
<SHARES-REINVESTED> 4,570,874
<NET-CHANGE-IN-ASSETS> 12,260,119
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,539,890)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 254,474
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 410,846
<AVERAGE-NET-ASSETS> 50,895,138
<PER-SHARE-NAV-BEGIN> 8.91
<PER-SHARE-NII> 0.80
<PER-SHARE-GAIN-APPREC> 0.61
<PER-SHARE-DIVIDEND> 0.80
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.52
<EXPENSE-RATIO> 0.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 44,349,525
<INVESTMENTS-AT-VALUE> 44,701,856
<RECEIVABLES> 318,125
<ASSETS-OTHER> 1,462
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 45,021,443
<PAYABLE-FOR-SECURITIES> 4,847,231
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97,093
<TOTAL-LIABILITIES> 4,944,415
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,724,697
<SHARES-COMMON-STOCK> 3,929,034
<SHARES-COMMON-PRIOR> 3,760,294
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 352,331
<NET-ASSETS> 40,077,028
<DIVIDEND-INCOME> 28,350
<INTEREST-INCOME> 2,460,829
<OTHER-INCOME> 0
<EXPENSES-NET> 281,669
<NET-INVESTMENT-INCOME> 2,207,510
<REALIZED-GAINS-CURRENT> 912,980
<APPREC-INCREASE-CURRENT> (208,702)
<NET-CHANGE-FROM-OPS> 2,911,788
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,207,510
<DISTRIBUTIONS-OF-GAINS> 16,338
<DISTRIBUTIONS-OTHER> 16,277
<NUMBER-OF-SHARES-SOLD> 7,228,293
<NUMBER-OF-SHARES-REDEEMED> 7,674,394
<SHARES-REINVESTED> 2,240,125
<NET-CHANGE-IN-ASSETS> 2,465,687
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (880,365)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 164,758
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 281,669
<AVERAGE-NET-ASSETS> 37,532,105
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> 0.60
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.20
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> VALUE EQUITY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 214,026,602
<INVESTMENTS-AT-VALUE> 304,348,314
<RECEIVABLES> 346,648
<ASSETS-OTHER> 2,728
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 304,697,690
<PAYABLE-FOR-SECURITIES> 971,198
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 766,024
<TOTAL-LIABILITIES> 1,737,222
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 212,638,756
<SHARES-COMMON-STOCK> 13,432,474
<SHARES-COMMON-PRIOR> 10,387,893
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 90,321,712
<NET-ASSETS> 302,960,468
<DIVIDEND-INCOME> 3,097,369
<INTEREST-INCOME> 2,524,642
<OTHER-INCOME> (6,146)
<EXPENSES-NET> 1,952,249
<NET-INVESTMENT-INCOME> 3,663,616
<REALIZED-GAINS-CURRENT> 16,381,602
<APPREC-INCREASE-CURRENT> 36,751,125
<NET-CHANGE-FROM-OPS> 56,796,343
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,663,616
<DISTRIBUTIONS-OF-GAINS> 16,381,602
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 61,202,630
<NUMBER-OF-SHARES-REDEEMED> 15,712,398
<SHARES-REINVESTED> 20,045,218
<NET-CHANGE-IN-ASSETS> 102,286,575
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,279,429
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,952,249
<AVERAGE-NET-ASSETS> 255,885,792
<PER-SHARE-NAV-BEGIN> 19.32
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 4.53
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 1.30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.55
<EXPENSE-RATIO> 0.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> INTERNATIONAL EQUITY
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 108,931,449
<INVESTMENTS-AT-VALUE> 129,437,984
<RECEIVABLES> 562,360
<ASSETS-OTHER> 931,758
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 130,932,102
<PAYABLE-FOR-SECURITIES> 930,708
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 363,838
<TOTAL-LIABILITIES> 1,294,546
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110,276,873
<SHARES-COMMON-STOCK> 8,038,534
<SHARES-COMMON-PRIOR> 6,688,564
<ACCUMULATED-NII-CURRENT> (1,026,453)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (64,993)
<OVERDISTRIBUTION-GAINS> 20,322,143
<ACCUM-APPREC-OR-DEPREC> 129,637,556
<NET-ASSETS> 1,562,348
<DIVIDEND-INCOME> 564,878
<INTEREST-INCOME> 0
<OTHER-INCOME> 1,372,389
<EXPENSES-NET> 754,837
<NET-INVESTMENT-INCOME> 6,868,955
<REALIZED-GAINS-CURRENT> 3,833,566
<APPREC-INCREASE-CURRENT> 11,457,358
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 754,837
<DISTRIBUTIONS-OF-GAINS> 4,305,835
<DISTRIBUTIONS-OTHER> 3,230,284
<NUMBER-OF-SHARES-SOLD> 27,762,536
<NUMBER-OF-SHARES-REDEEMED> 13,999,926
<SHARES-REINVESTED> 8,290,956
<NET-CHANGE-IN-ASSETS> 25,219,968
<ACCUMULATED-NII-PRIOR> (359,289)
<ACCUMULATED-GAINS-PRIOR> 64,993
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 912,368
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,372,389
<AVERAGE-NET-ASSETS> 121,649,114
<PER-SHARE-NAV-BEGIN> 15.61
<PER-SHARE-NII> 0.58
<PER-SHARE-GAIN-APPREC> 1.04
<PER-SHARE-DIVIDEND> 0.53
<PER-SHARE-DISTRIBUTIONS> 0.57
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.13
<EXPENSE-RATIO> 1.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> SMALL CAPITALIZATION FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 35,493,665
<INVESTMENTS-AT-VALUE> 39,665,695
<RECEIVABLES> 682,069
<ASSETS-OTHER> 341
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40,348,105
<PAYABLE-FOR-SECURITIES> 1,582,088
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39,923
<TOTAL-LIABILITIES> 1,622,011
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,563,548
<SHARES-COMMON-STOCK> 2,683,387
<SHARES-COMMON-PRIOR> 1,287,316
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,484)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,172,030
<NET-ASSETS> 38,726,094
<DIVIDEND-INCOME> 189,866
<INTEREST-INCOME> 226,303
<OTHER-INCOME> 0
<EXPENSES-NET> 234,718
<NET-INVESTMENT-INCOME> 181,451
<REALIZED-GAINS-CURRENT> 2,278,532
<APPREC-INCREASE-CURRENT> 2,875,385
<NET-CHANGE-FROM-OPS> 5,335,368
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 181,451
<DISTRIBUTIONS-OF-GAINS> 2,286,865
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,734,987
<NUMBER-OF-SHARES-REDEEMED> 2,478,293
<SHARES-REINVESTED> 2,468,316
<NET-CHANGE-IN-ASSETS> 22,592,062
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,151)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 137,566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 234,718
<AVERAGE-NET-ASSETS> 27,513,137
<PER-SHARE-NAV-BEGIN> 12.53
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 2.81
<PER-SHARE-DIVIDEND> 0.07
<PER-SHARE-DISTRIBUTIONS> 0.91
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.43
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> EMERGING GROWTH FUND
<S> <C>
<PERIOD-TYPE> 8-MOS
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