WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-annual
financial statements dated June 30, 2000 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 27,787,336
<INVESTMENTS-AT-VALUE> 18,542,073
<RECEIVABLES> 14,009
<ASSETS-OTHER> 227,709
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,783,791
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132,502
<TOTAL-LIABILITIES> 132,502
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,751,513
<SHARES-COMMON-STOCK> 7,567,285
<SHARES-COMMON-PRIOR> 9,101,405
<ACCUMULATED-NII-CURRENT> 1,372
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,856,333)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9,245,263)
<NET-ASSETS> 18,651,289
<DIVIDEND-INCOME> 114,501
<INTEREST-INCOME> 102,011
<OTHER-INCOME> (6,014)
<EXPENSES-NET> 272,347
<NET-INVESTMENT-INCOME> (61,849)
<REALIZED-GAINS-CURRENT> (1,100,767)
<APPREC-INCREASE-CURRENT> (2,757,650)
<NET-CHANGE-FROM-OPS> (3,920,266)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 804,509
<NUMBER-OF-SHARES-REDEEMED> (1,835,313)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,841,801)
<ACCUMULATED-NII-PRIOR> (33,811)
<ACCUMULATED-GAINS-PRIOR> (12,211,311)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,898
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 329,169
<AVERAGE-NET-ASSETS> 21,899,390
<PER-SHARE-NAV-BEGIN> 2.96
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.49)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.46
<EXPENSE-RATIO> 2.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
