<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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015 A000001 THE CHASE MANHATTAN BANK, NA
015 B000001 C
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015 C030001 11245
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015 B000002 S
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015 D010002 SOUTH AFRICA
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<PAGE> PAGE 4
020 A000003 SMITH BORKUM HARE
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 N010000 N
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<PAGE> PAGE 8
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<PAGE> PAGE 9
086 C010000 0
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SIGNATURE KATHLEEN LYONS
TITLE PARTNER
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-START> DEC-01-1995
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 130,188,793
<INVESTMENTS-AT-VALUE> 429,481,288
<RECEIVABLES> 906,371
<ASSETS-OTHER> 52,240
<OTHER-ITEMS-ASSETS> 5,965,082
<TOTAL-ASSETS> 436,404,981
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107,181
<TOTAL-LIABILITIES> 107,181
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,849,156
<SHARES-COMMON-STOCK> 9,600,000
<SHARES-COMMON-PRIOR> 9,600,000
<ACCUMULATED-NII-CURRENT> 60,080,239
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 436,297,800
<DIVIDEND-INCOME> 5,590,236
<INTEREST-INCOME> 325,413
<OTHER-INCOME> 0
<EXPENSES-NET> 932,093
<NET-INVESTMENT-INCOME> 4,983,556
<REALIZED-GAINS-CURRENT> 122,222
<APPREC-INCREASE-CURRENT> 106,180,812
<NET-CHANGE-FROM-OPS> 111,286,590
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,680,000
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 103,606,590
<ACCUMULATED-NII-PRIOR> 65,538,983
<ACCUMULATED-GAINS-PRIOR> 49,954,715
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
