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SIGNATURE JOAN COHEN
TITLE VICE PRESIDENT
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 544,561
<AVERAGE-NET-ASSETS> 29,128,097
<PER-SHARE-NAV-BEGIN> 2.54
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> .85
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.42
<EXPENSE-RATIO> 1.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
