FLAGSHIP ADMIRAL FUNDS INC
NSAR-B, 1998-09-16
Previous: MCDONALD & CO INVESTMENTS INC, 8-K, 1998-09-16
Next: CULP INC, 10-Q, 1998-09-16



<PAGE>      PAGE  1
000 B000000 06/30/98
000 C000000 0000721704
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FLAGSHIP ADMIRAL FUNDS INCORPORATED
001 B000000 811-37770
001 C000000 3129178200
002 A000000 333 WEST WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 1286
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 FLAGSHIP UTILITY INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 GOLDEN RAINBOW
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 NUVEEN ADVISORY CORP
008 B00AA01 A
008 C00AA01 801-12353
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60606
008 D04AA01 1286
011 A00AA01 JOHN NUVEEN & CO., INC.
011 B00AA01 8-13464
011 C01AA01 CHICAGO
011 C02AA01 IL
011 C03AA01 60606
011 C04AA01 1286
012 A00AA01 BOSTON FINANCIAL DATA SERVICES
<PAGE>      PAGE  2
012 B00AA01 84-00896
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
013 A00AA01 ARTHUR ANDERSEN
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60603
014 A00AA01 JOHN NUVEEN & CO., INC.
014 B00AA01 8-13464
015 A00AA01 CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10003
015 E01AA01 X
015 A00AA02 BANKERS TRUST
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
015 A00AA03 NATIONSBANK OF NORTH CAROLINA N.A.
015 B00AA03 S
015 C01AA03 CHARLOTTE
015 C02AA03 NC
015 C03AA03 28255
015 E01AA03 X
015 A00AA04 BANK OF NEW YORK
015 B00AA04 S
015 C01AA04 NEW YORK
015 C02AA04 NY
015 C03AA04 10007
015 E01AA04 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  103
019 C00AA00 NUVEENFUND
020 A000001 J.C. BRADFORD & COMPANY
020 B000001 62-0136910
020 C000001     22
020 A000002 SMITH BARNEY
020 B000002 13-1912900
020 C000002     20
020 A000003 ROBERT W. BAIRD & CO., INC.
020 B000003 39-6037917
020 C000003     18
020 A000004 PAINE WEBBER, INC.
020 B000004 13-2638166
020 C000004     10
020 A000005 DEAN WITTER REYNOLDS, INC.
<PAGE>      PAGE  3
020 B000005 94-1671384
020 C000005      8
020 A000006 RAYMOND JAMES & ASSOCIATES, INC.
020 B000006 59-1237041
020 C000006      7
020 A000007 MERRILL LYNCH AND CO., INC.
020 B000007 13-5674085
020 C000007      7
020 A000008 EVEREN SECURITIES
020 B000008 36-4019175
020 C000008      6
020 A000009 JFG NETWORK SECURITIES
020 C000009      5
020 A000010 PRUDENTIAL-BACHE SECURITIES, INC.
020 B000010 22-2347336
020 C000010      5
021  000000      144
022 A000001 CHASE MANHATTAN INVESTMENT SERVICES
022 B000001 13-3538956
022 C000001     40140
022 D000001     38257
022 A000002 SMITH BARNEY
022 B000002 13-1912900
022 C000002     20504
022 D000002     45612
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003     23691
022 D000003     18491
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004     23829
022 D000004      8599
022 A000005 ROBERT W. BAIRD
022 B000005 39-6037917
022 C000005      7419
022 D000005      5881
022 A000006 JB HANEAUR
022 B000006 22-1847493
022 C000006      5070
022 D000006      4002
022 A000007 AG EDWARDS
022 B000007 43-0895447
022 C000007      8025
022 D000007         0
022 A000008 FUJI BANK LIMITED
022 B000008 95-2573583
022 C000008      7062
022 D000008         0
022 A000009 FIRST TENNESSEE BANK
022 B000009 62-0201385
<PAGE>      PAGE  4
022 C000009         0
022 D000009      5004
022 A000010 PAINE WEBBER
022 B000010 13-2638166
022 C000010       510
022 D000010      2506
023 C000000     136918
023 D000000     139322
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 Q010000 Y
078  000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00    60000
081 A00AA00 Y
081 B00AA00 102
<PAGE>      PAGE  5
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100        57
028 A020100        61
028 A030100         0
028 A040100       867
028 B010100        68
028 B020100        60
028 B030100         0
028 B040100       349
028 C010100       211
028 C020100        59
028 C030100         0
028 C040100       211
028 D010100       508
028 D020100        60
028 D030100         0
028 D040100       396
028 E010100         0
028 E020100         0
028 E030100         0
028 E040100       337
028 F010100         0
028 F020100        77
028 F030100         0
028 F040100       364
028 G010100       844
028 G020100       317
028 G030100         0
028 G040100      2524
028 H000100       844
029  000100 Y
030 A000100     25
<PAGE>      PAGE  6
030 B000100  4.20
030 C000100  0.00
031 A000100      3
031 B000100      0
032  000100     22
033  000100      0
034  000100 Y
035  000100      1
036 A000100 Y
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100     83
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   125000
048 A020100 0.500
048 B010100   125000
048 B020100 0.488
048 C010100   250000
048 C020100 0.475
048 D010100   500000
048 D020100 0.463
048 E010100  1000000
048 E020100 0.450
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100  2000000
048 K020100 0.425
<PAGE>      PAGE  7
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 Y
055 B000100 N
056  000100 N
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     3000
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
<PAGE>      PAGE  8
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100     25842
071 B000100     29175
071 C000100     25481
071 D000100  101
072 A000100 12
072 B000100      113
072 C000100     1509
072 D000100        0
072 E000100        0
072 F000100      129
072 G000100        0
072 H000100        0
072 I000100       38
072 J000100       41
072 K000100       26
072 L000100       39
072 M000100        0
072 N000100        9
072 O000100        0
<PAGE>      PAGE  9
072 P000100        0
072 Q000100        0
072 R000100        9
072 S000100        2
072 T000100       83
072 U000100        0
072 V000100        0
072 W000100        4
072 X000100      380
072 Y000100        3
072 Z000100     1245
072AA000100     2297
072BB000100        0
072CC010100      990
072CC020100        0
072DD010100     1034
072DD020100      260
072EE000100        0
073 A010100   0.6300
073 A020100   0.5700
073 B000100   0.0000
073 C000100   0.0000
074 A000100       33
074 B000100        0
074 C000100        0
074 D000100     2039
074 E000100     9412
074 F000100    13634
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100     1113
074 K000100        0
074 L000100      113
074 M000100        0
074 N000100    26344
074 O000100      458
074 P000100        8
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      159
074 S000100        0
074 T000100    25719
074 U010100     1532
074 U020100      438
074 V010100    13.06
074 V020100    13.03
074 W000100   0.0000
074 X000100      854
<PAGE>      PAGE  10
074 Y000100        0
075 A000100        0
075 B000100    25868
076  000100     0.00
028 A010200      1102
028 A020200         0
028 A030200         0
028 A040200      5620
028 B010200       342
028 B020200         0
028 B030200         0
028 B040200      4737
028 C010200      1063
028 C020200      1027
028 C030200         0
028 C040200      4786
028 D010200       332
028 D020200         0
028 D030200         0
028 D040200      3975
028 E010200       937
028 E020200         0
028 E030200         0
028 E040200      2013
028 F010200       312
028 F020200         0
028 F030200         0
028 F040200      4214
028 G010200      4088
028 G020200      1027
028 G030200         0
028 G040200     25345
028 H000200      4088
029  000200 Y
030 A000200     10
030 B000200  4.20
030 C000200  0.00
031 A000200      2
031 B000200      0
032  000200      8
033  000200      0
034  000200 N
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
<PAGE>      PAGE  11
042 C000200   0
042 D000200 100
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    364
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.740
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 Y
055 B000200 N
056  000200 N
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     5000
062 A000200 N
062 B000200   0.0
062 C000200   0.0
<PAGE>      PAGE  12
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067  000200 Y
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
<PAGE>      PAGE  13
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     68265
071 B000200     90835
071 C000200    138170
071 D000200   49
072 A000200 12
072 B000200     5083
072 C000200     1235
072 D000200        0
072 E000200        0
072 F000200     1077
072 G000200        0
072 H000200        0
072 I000200        2
072 J000200       51
072 K000200       22
072 L000200       34
072 M000200        4
072 N000200        2
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        9
072 S000200        2
072 T000200      364
072 U000200        0
072 V000200        0
072 W000200        6
072 X000200     1573
072 Y000200        0
072 Z000200     4745
072AA000200    17392
072BB000200        0
072CC010200        0
072CC020200     9291
072DD010200     3770
072DD020200        0
072EE000200    10826
073 A010200   0.5047
<PAGE>      PAGE  14
073 A020200   0.0000
073 B000200   1.4294
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200        0
074 M000200        0
074 N000200        0
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200        0
074 S000200        0
074 T000200        0
074 U010200        0
074 U020200        0
074 V010200     0.00
074 V020200     0.00
074 W000200   0.0000
074 X000200        0
074 Y000200        0
075 A000200        0
075 B000200   146396
076  000200     0.00
SIGNATURE   STEPHEN D. FOY                               
TITLE       V.P. & CONTROLLER   
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
   <NUMBER> 021
   <NAME> THE GOLDEN RAINBOW A JAMES ADVISED MUTUAL FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               JUN-26-1998
<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>                             8140
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                 1235
<INTEREST-INCOME>                                 5083
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1573
<NET-INVESTMENT-INCOME>                           4745
<REALIZED-GAINS-CURRENT>                         17392
<APPREC-INCREASE-CURRENT>                       (9291)
<NET-CHANGE-FROM-OPS>                            12846
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         3770
<DISTRIBUTIONS-OF-GAINS>                         10826
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            457
<NUMBER-OF-SHARES-REDEEMED>                       2410
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                             72
<ACCUMULATED-GAINS-PRIOR>                         7061
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1077
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1573
<AVERAGE-NET-ASSETS>                            146396
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                      0
<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
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the Financial Statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<NAME> NUVEEN FLAGSHIP UTILITY INCOME FUND - CLASS A
<SERIES>
   <NUMBER> 011
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                              JUL-1-1997
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                            22657
<INVESTMENTS-AT-VALUE>                           25085
<RECEIVABLES>                                     1226
<ASSETS-OTHER>                                      33
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   26344
<PAYABLE-FOR-SECURITIES>                           458
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          167
<TOTAL-LIABILITIES>                                625
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         26994
<SHARES-COMMON-STOCK>                             1532
<SHARES-COMMON-PRIOR>                             1751
<ACCUMULATED-NII-CURRENT>                           13
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (3716)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2428
<NET-ASSETS>                                     25719
<DIVIDEND-INCOME>                                 1509
<INTEREST-INCOME>                                  113
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     377
<NET-INVESTMENT-INCOME>                           1245
<REALIZED-GAINS-CURRENT>                          2297
<APPREC-INCREASE-CURRENT>                          990
<NET-CHANGE-FROM-OPS>                             4532
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1034
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             99
<NUMBER-OF-SHARES-REDEEMED>                        370
<SHARES-REINVESTED>                                 52
<NET-CHANGE-IN-ASSETS>                               8
<ACCUMULATED-NII-PRIOR>                             62
<ACCUMULATED-GAINS-PRIOR>                       (6010)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              129
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    380
<AVERAGE-NET-ASSETS>                             20199
<PER-SHARE-NAV-BEGIN>                            11.51
<PER-SHARE-NII>                                    .61
<PER-SHARE-GAIN-APPREC>                           1.57
<PER-SHARE-DIVIDEND>                             (.63)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.06
<EXPENSE-RATIO>                                   1.34
<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
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the Financial Statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<NAME> NUVEEN FLAGSHIP UTILITY INCOME FUND - CLASS C
<SERIES>
   <NUMBER> 012
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-START>                              JUL-1-1997
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                            22657
<INVESTMENTS-AT-VALUE>                           25085
<RECEIVABLES>                                     1226
<ASSETS-OTHER>                                      33
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   26344
<PAYABLE-FOR-SECURITIES>                           458
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          167
<TOTAL-LIABILITIES>                                625
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         26994
<SHARES-COMMON-STOCK>                              438
<SHARES-COMMON-PRIOR>                              483
<ACCUMULATED-NII-CURRENT>                           13
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (3716)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2428
<NET-ASSETS>                                     25719
<DIVIDEND-INCOME>                                 1509
<INTEREST-INCOME>                                  113
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     377
<NET-INVESTMENT-INCOME>                           1245
<REALIZED-GAINS-CURRENT>                          2297
<APPREC-INCREASE-CURRENT>                          990
<NET-CHANGE-FROM-OPS>                             4532
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          260
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              3
<NUMBER-OF-SHARES-REDEEMED>                         64
<SHARES-REINVESTED>                                 16
<NET-CHANGE-IN-ASSETS>                               8
<ACCUMULATED-NII-PRIOR>                             62
<ACCUMULATED-GAINS-PRIOR>                       (6010)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              129
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    380
<AVERAGE-NET-ASSETS>                              5669
<PER-SHARE-NAV-BEGIN>                            11.49
<PER-SHARE-NII>                                    .55
<PER-SHARE-GAIN-APPREC>                           1.56
<PER-SHARE-DIVIDEND>                             (.57)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.03
<EXPENSE-RATIO>                                   1.89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission