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SIGNATURE JOAN COHEN
TITLE VICE PRESIDENT
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<NUMBER-OF-SHARES-REDEEMED> (831,402)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (620,822)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 126,119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 467,705
<AVERAGE-NET-ASSETS> 25,522,198
<PER-SHARE-NAV-BEGIN> 2.52
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> (.02)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.54
<EXPENSE-RATIO> 1.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
