<PAGE>
PAGE 1
000 A000000 06/30/98
000 C000000 0000768847
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 VAN ECK FUNDS
001 B000000 811-4297
001 C000000 2126875200
002 A000000 99 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10016
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 INTERNATIONAL INVESTORS
007 C030100 N
007 C010200 2
007 C020200 GOLD RESOURCES
007 C030200 N
007 C010300 3
007 C010400 4
007 C020400 GLOBAL INCOME
007 C030400 Y
007 C010500 5
007 C020500 ASIA DYNASTY
007 C030500 N
007 C010600 6
007 C020600 GLOBAL BALANCE
007 C030600 N
007 C010700 7
007 C020700 GLOBAL HARD ASSET
007 C030700 N
007 C010800 8
007 C020800 U.S. GOVERNMENT MONEY
007 C030800 N
007 C010900 9
007 C011000 10
007 C021000 EMERGING MARKET GROWTH
007 C031000 N
007 C011100 11
007 C021100 GLOBAL REAL ESTATE
007 C031100 N
<PAGE>
PAGE 2
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
020 A000001 NESBITT BURNS
020 C000001 262
020 A000002 MERRILL LYNCH
020 C000002 128
020 A000003 SCOTIA MCLEOD
020 C000003 76
020 A000004 WOOD GUNDY
020 C000004 75
020 A000005 DEUTSCHE MORGAN
020 C000005 61
020 A000006 PRINCIPAL FINANCIAL
020 C000006 60
020 A000007 SMITH BARNEY
020 C000007 41
020 A000008 LEHMAN BROTHERS
020 C000008 38
020 A000009 TIEDEMANN
020 C000009 35
020 A000010 HSBC SECURITIES
020 C000010 35
021 000000 811
022 A000001 AMERICAN EXPRESS
022 C000001 1427972
022 D000001 0
022 A000002 GE COMPANY/CAPITAL
022 C000002 845688
022 D000002 0
022 A000003 GX CLARK & CO.
022 C000003 354383
022 D000003 382565
022 A000004 NESBITT BURNS
022 C000004 9389
022 D000004 0
022 A000005 GOLDMAN SACHS
022 C000005 3555
022 D000005 3008
022 A000006 DUETSCHE MORGAN
022 C000006 3089
022 D000006 2008
022 A000007 MERRILL LYNCH
022 C000007 0
022 D000007 4252
<PAGE>
PAGE 3
022 A000008 PRUDENTIAL BACHE
022 C000008 3325
022 D000008 0
022 A000009 LEHMAN BROTHERS
022 C000009 1635
022 D000009 1517
022 A000010 J.P. MORGAN
022 C000010 1195
022 D000010 596
023 C000000 2650231
023 D000000 393946
027 000000 Y
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 0
074 U010000 0
074 U020000 0
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
077 A000000 Y
077 B000000 Y
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 362728
028 A020100 0
028 A030100 0
028 A040100 398343
028 B010100 231411
028 B020100 0
028 B030100 0
028 B040100 171359
028 C010100 267360
<PAGE>
PAGE 4
028 C020100 0
028 C030100 0
028 C040100 322858
028 D010100 392694
028 D020100 456
028 D030100 0
028 D040100 339775
028 E010100 292487
028 E020100 0
028 E030100 0
028 E040100 329564
028 F010100 345618
028 F020100 248
028 F030100 0
028 F040100 320003
028 G010100 1892298
028 G020100 704
028 G030100 0
028 G040100 1881902
028 H000100 1892298
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
066 A000100 Y
066 C000100 Y
071 A000100 70201
071 B000100 66535
071 C000100 180473
071 D000100 33
072 A000100 6
072 B000100 946
072 C000100 2192
072 D000100 0
072 E000100 0
072 F000100 918
072 G000100 389
<PAGE>
PAGE 5
072 H000100 0
072 I000100 489
072 J000100 14
072 K000100 0
072 L000100 70
072 M000100 25
072 N000100 23
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 36
072 S000100 12
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 58
072 X000100 2034
072 Y000100 1
072 Z000100 1105
072AA000100 9385
072BB000100 95
072CC010100 0
072CC020100 6158
072DD010100 1053
072DD020100 0
072EE000100 0
073 A010100 0.0300
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 4838
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 196527
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 247
074 K000100 0
074 L000100 42509
074 M000100 23
074 N000100 244144
074 O000100 193
074 P000100 227
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 14611
<PAGE>
PAGE 6
074 S000100 0
074 T000100 229113
074 U010100 33999
074 U020100 0
074 V010100 7.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 38
074 Y000100 0
075 A000100 0
075 B000100 7448204
076 000100 0.00
028 A010200 3606
028 A020200 0
028 A030200 0
028 A040200 3769
028 B010200 612
028 B020200 0
028 B030200 0
028 B040200 2286
028 C010200 2744
028 C020200 0
028 C030200 0
028 C040200 1889
028 D010200 1430
028 D020200 0
028 D030200 0
028 D040200 2302
028 E010200 496
028 E020200 0
028 E030200 0
028 E040200 1709
028 F010200 449
028 F020200 0
028 F030200 0
028 F040200 1613
028 G010200 9337
028 G020200 0
028 G030200 0
028 G040200 13568
028 H000200 9337
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 83
044 000200 0
<PAGE>
PAGE 7
062 A000200 N
062 B000200 0.0
062 C000200 0.0
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
071 A000200 18545
071 B000200 25576
071 C000200 54458
071 D000200 28
072 A000200 6
072 B000200 150
072 C000200 271
072 D000200 0
072 E000200 0
072 F000200 248
072 G000200 111
072 H000200 0
072 I000200 181
072 J000200 13
072 K000200 0
072 L000200 21
072 M000200 7
072 N000200 12
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 22
072 S000200 3
072 T000200 83
072 U000200 0
072 V000200 0
072 W000200 19
072 X000200 720
072 Y000200 0
072 Z000200 -299
072AA000200 2115
072BB000200 57
072CC010200 0
<PAGE>
PAGE 8
072CC020200 14829
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 636
074 B000200 0
074 C000200 5600
074 D000200 0
074 E000200 0
074 F000200 48875
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2819
074 K000200 0
074 L000200 49
074 M000200 59
074 N000200 58038
074 O000200 0
074 P000200 279
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 321
074 S000200 0
074 T000200 57438
074 U010200 17834
074 U020200 0
074 V010200 3.22
074 V020200 0.00
074 W000200 0.0000
074 X000200 13023
074 Y000200 0
075 A000200 0
075 B000200 3050645
028 A010400 0
028 A020400 0
028 A030400 0
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
<PAGE>
PAGE 9
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 41925
028 E010400 0
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 0
028 G020400 0
028 G030400 0
028 G040400 41925
028 H000400 0
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
062 A000400 Y
062 B000400 1.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 37.1
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 61.2
062 R000400 0.0
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 1
<PAGE>
PAGE 10
072 B000400 0
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 0
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 0
072 Y000400 0
072 Z000400 0
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 0
074 O000400 0
<PAGE>
PAGE 11
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 0
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 0
076 000400 0.00
028 A010500 1637
028 A020500 0
028 A030500 0
028 A040500 1385
028 B010500 1615
028 B020500 0
028 B030500 0
028 B040500 1860
028 C010500 187
028 C020500 0
028 C030500 0
028 C040500 777
028 D010500 1242
028 D020500 0
028 D030500 0
028 D040500 1604
028 E010500 79
028 E020500 0
028 E030500 0
028 E040500 569
028 F010500 338
028 F020500 0
028 F030500 0
028 F040500 716
028 G010500 5098
028 G020500 0
028 G030500 0
028 G040500 6911
028 H000500 4130
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
<PAGE>
PAGE 12
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 58
044 000500 0
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
071 A000500 7235
071 B000500 6697
071 C000500 12864
071 D000500 48
072 A000500 6
072 B000500 23
072 C000500 191
072 D000500 0
072 E000500 0
072 F000500 66
072 G000500 30
072 H000500 0
072 I000500 63
072 J000500 8
072 K000500 0
072 L000500 14
072 M000500 2
072 N000500 11
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 28
072 S000500 2
072 T000500 58
072 U000500 0
072 V000500 0
072 W000500 6
<PAGE>
PAGE 13
072 X000500 288
072 Y000500 16
072 Z000500 -58
072AA000500 0
072BB000500 1347
072CC010500 0
072CC020500 2248
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 2200
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 11296
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 56
074 M000500 0
074 N000500 13552
074 O000500 219
074 P000500 97
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 37
074 S000500 0
074 T000500 13199
074 U010500 1443
074 U020500 766
074 V010500 6.03
074 V020500 5.87
074 W000500 0.0000
074 X000500 2556
074 Y000500 0
075 A000500 0
075 B000500 524675
076 000500 0.00
028 A010600 380
028 A020600 0
028 A030600 0
028 A040600 367
<PAGE>
PAGE 14
028 B010600 88
028 B020600 0
028 B030600 0
028 B040600 434
028 C010600 522
028 C020600 0
028 C030600 0
028 C040600 870
028 D010600 129
028 D020600 65
028 D030600 0
028 D040600 900
028 E010600 118
028 E020600 0
028 E030600 0
028 E040600 381
028 F010600 236
028 F020600 46
028 F030600 0
028 F040600 570
028 G010600 1473
028 G020600 111
028 G030600 0
028 G040600 3522
028 H000600 302
030 A000600 0
030 B000600 0.00
030 C000600 0.00
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 91
044 000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
<PAGE>
PAGE 15
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 14167
071 B000600 15824
071 C000600 21043
071 D000600 47
072 A000600 6
072 B000600 320
072 C000600 136
072 D000600 0
072 E000600 0
072 F000600 116
072 G000600 47
072 H000600 0
072 I000600 56
072 J000600 10
072 K000600 0
072 L000600 20
072 M000600 3
072 N000600 15
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 23
072 S000600 6
072 T000600 91
072 U000600 3
072 V000600 0
072 W000600 7
072 X000600 392
072 Y000600 69
072 Z000600 133
072AA000600 2787
072BB000600 0
072CC010600 8980
072CC020600 0
072DD010600 113
072DD020600 15
072EE000600 0
073 A010600 0.0500
073 A020600 0.0300
073 B000600 0.0000
073 C000600 0.0000
074 A000600 506
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
<PAGE>
PAGE 16
074 F000600 30403
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1344
074 K000600 0
074 L000600 521
074 M000600 1
074 N000600 32775
074 O000600 732
074 P000600 50
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 14
074 R040600 15
074 S000600 0
074 T000600 31964
074 U010600 2207
074 U020600 485
074 V010600 11.89
074 V020600 11.80
074 W000600 0.0000
074 X000600 2580
074 Y000600 1956
075 A000600 0
075 B000600 942764
076 000600 0.00
028 A010700 3943
028 A020700 0
028 A030700 0
028 A040700 4932
028 B010700 1881
028 B020700 0
028 B030700 0
028 B040700 2684
028 C010700 2740
028 C020700 0
028 C030700 0
028 C040700 4861
028 D010700 2152
028 D020700 0
028 D030700 0
028 D040700 3424
028 E010700 1405
028 E020700 0
028 E030700 0
028 E040700 2965
028 F010700 356
028 F020700 144
028 F030700 0
<PAGE>
PAGE 17
028 F040700 4292
028 G010700 12477
028 G020700 144
028 G030700 0
028 G040700 23157
028 H000700 8685
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 221
044 000700 0
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
071 A000700 60103
071 B000700 64640
071 C000700 61231
071 D000700 94
072 A000700 6
072 B000700 107
072 C000700 723
072 D000700 0
072 E000700 0
072 F000700 354
072 G000700 12
072 H000700 0
072 I000700 79
072 J000700 14
072 K000700 0
072 L000700 20
072 M000700 5
<PAGE>
PAGE 18
072 N000700 25
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 19
072 S000700 1
072 T000700 221
072 U000700 4
072 V000700 0
072 W000700 16
072 X000700 770
072 Y000700 18
072 Z000700 78
072AA000700 447
072BB000700 520
072CC010700 0
072CC020700 6208
072DD010700 89
072DD020700 0
072EE000700 89
073 A010700 0.0600
073 A020700 0.0000
073 B000700 0.0600
073 C000700 0.0000
074 A000700 2153
074 B000700 0
074 C000700 2613
074 D000700 0
074 E000700 0
074 F000700 53236
074 G000700 0
074 H000700 0
074 I000700 3210
074 J000700 1127
074 K000700 0
074 L000700 626
074 M000700 79
074 N000700 63044
074 O000700 1034
074 P000700 162
074 Q000700 0
074 R010700 0
074 R020700 2852
074 R030700 0
074 R040700 558
074 S000700 0
074 T000700 58438
074 U010700 3240
074 U020700 1214
074 V010700 13.10
074 V020700 13.15
<PAGE>
PAGE 19
074 W000700 0.0000
074 X000700 4355
074 Y000700 3236
075 A000700 0
075 B000700 2153848
076 000700 0.00
028 A010800 400025
028 A020800 96
028 A030800 0
028 A040800 365122
028 B010800 170910
028 B020800 92
028 B030800 0
028 B040800 231650
028 C010800 319801
028 C020800 96
028 C030800 0
028 C040800 269242
028 D010800 340647
028 D020800 134
028 D030800 0
028 D040800 387664
028 E010800 322684
028 E020800 94
028 E030800 0
028 E040800 288307
028 F010800 301944
028 F020800 242
028 F030800 0
028 F040800 338975
028 G010800 1856011
028 G020800 754
028 G030800 0
028 G040800 1880958
028 H000800 0
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 89
044 000800 0
062 A000800 Y
062 B000800 82.7
062 C000800 0.0
062 D000800 66.6
062 E000800 0.0
062 F000800 0.0
<PAGE>
PAGE 20
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 35
063 B000800 0.0
066 A000800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 6
072 B000800 1918
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 178
072 G000800 74
072 H000800 0
072 I000800 42
072 J000800 8
072 K000800 0
072 L000800 15
072 M000800 11
072 N000800 15
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 16
072 S000800 3
072 T000800 89
072 U000800 0
072 V000800 0
072 W000800 19
072 X000800 470
072 Y000800 8
072 Z000800 1456
072AA000800 0
072BB000800 0
072CC010800 0
072CC020800 0
072DD010800 1458
072DD020800 0
<PAGE>
PAGE 21
072EE000800 0
073 A010800 0.0191
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 0
074 B000800 39953
074 C000800 49574
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 14381
074 M000800 0
074 N000800 103908
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 43933
074 S000800 0
074 T000800 59975
074 U010800 59975
074 U020800 0
074 V010800 1.00
074 V020800 0.00
074 W000800 0.0035
074 X000800 1915
074 Y000800 0
075 A000800 2377
075 B000800 0
076 000800 0.00
028 A011000 43
028 A021000 0
028 A031000 0
028 A041000 153
028 B011000 26
028 B021000 0
028 B031000 0
028 B041000 33
028 C011000 55
028 C021000 0
028 C031000 0
028 C041000 42
028 D011000 58
<PAGE>
PAGE 22
028 D021000 0
028 D031000 0
028 D041000 119
028 E011000 73
028 E021000 0
028 E031000 0
028 E041000 130
028 F011000 17
028 F021000 20
028 F031000 0
028 F041000 49
028 G011000 272
028 G021000 20
028 G031000 0
028 G041000 526
028 H001000 17
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 7
044 001000 0
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
071 A001000 1244
071 B001000 1619
071 C001000 2114
071 D001000 53
072 A001000 6
072 B001000 0
072 C001000 41
<PAGE>
PAGE 23
072 D001000 0
072 E001000 0
072 F001000 12
072 G001000 3
072 H001000 0
072 I001000 45
072 J001000 23
072 K001000 0
072 L001000 6
072 M001000 0
072 N001000 27
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 11
072 S001000 0
072 T001000 7
072 U001000 1
072 V001000 0
072 W001000 1
072 X001000 136
072 Y001000 128
072 Z001000 33
072AA001000 0
072BB001000 445
072CC011000 0
072CC021000 417
072DD011000 17
072DD021000 3
072EE001000 0
073 A011000 0.0700
073 A021000 0.0700
073 B001000 0.0000
073 C001000 0.0000
074 A001000 154
074 B001000 0
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 1738
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 71
074 K001000 172
074 L001000 13
074 M001000 5
074 N001000 2153
074 O001000 79
074 P001000 62
074 Q001000 0
<PAGE>
PAGE 24
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 5
074 S001000 0
074 T001000 2007
074 U011000 245
074 U021000 52
074 V011000 6.76
074 V021000 6.76
074 W001000 0.0000
074 X001000 352
074 Y001000 0
075 A001000 0
075 B001000 74652
076 001000 0.00
028 A011100 96
028 A021100 0
028 A031100 0
028 A041100 61
028 B011100 147
028 B021100 0
028 B031100 0
028 B041100 0
028 C011100 94
028 C021100 0
028 C031100 0
028 C041100 5
028 D011100 805
028 D021100 0
028 D031100 0
028 D041100 13
028 E011100 1021
028 E021100 0
028 E031100 0
028 E041100 3
028 F011100 73
028 F021100 24
028 F031100 0
028 F041100 42
028 G011100 2236
028 G021100 24
028 G031100 0
028 G041100 124
028 H001100 1980
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 0
042 E001100 0
042 F001100 0
<PAGE>
PAGE 25
042 G001100 0
042 H001100 0
043 001100 7
044 001100 0
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
071 A001100 2827
071 B001100 907
071 C001100 47501
071 D001100 44
072 A001100 6
072 B001100 7
072 C001100 39
072 D001100 0
072 E001100 0
072 F001100 12
072 G001100 2
072 H001100 0
072 I001100 33
072 J001100 1
072 K001100 0
072 L001100 9
072 M001100 0
072 N001100 20
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 12
072 S001100 0
072 T001100 7
072 U001100 1
072 V001100 0
072 W001100 2
072 X001100 109
072 Y001100 100
<PAGE>
PAGE 26
072 Z001100 37
072AA001100 18
072BB001100 0
072CC011100 0
072CC021100 31
072DD011100 25
072DD021100 2
072EE001100 0
073 A011100 0.0800
073 A021100 0.0800
073 B001100 0.0000
073 C001100 0.0000
074 A001100 4
074 B001100 0
074 C001100 498
074 D001100 0
074 E001100 0
074 F001100 3318
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 164
074 K001100 100
074 L001100 20
074 M001100 10
074 N001100 4114
074 O001100 242
074 P001100 79
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 41
074 S001100 0
074 T001100 3752
074 U011100 313
074 U021100 191
074 V011100 10.54
074 V021100 10.34
074 W001100 0.0000
074 X001100 221
074 Y001100 0
075 A001100 0
075 B001100 72496
076 001100 0.00
SIGNATURE ALEX BOGOENKO
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> International Investors Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 202,657,488
<INVESTMENTS-AT-VALUE> 196,526,787
<RECEIVABLES> 42,756,338
<ASSETS-OTHER> 4,860,912
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 244,144,037
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 227,286
<OTHER-ITEMS-LIABILITIES> 14,803,844
<TOTAL-LIABILITIES> 15,031,130
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 228,962,815
<SHARES-COMMON-STOCK> 33,998,510
<SHARES-COMMON-PRIOR> 30,903,581
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1,060,102
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 42,063,690
<ACCUM-APPREC-OR-DEPREC> (14,828,802)
<NET-ASSETS> 229,112,907
<DIVIDEND-INCOME> 2,298,678
<INTEREST-INCOME> 946,211
<OTHER-INCOME> (106,546)
<EXPENSES-NET> 2,033,885
<NET-INVESTMENT-INCOME> 1,104,458
<REALIZED-GAINS-CURRENT> 9,290,597
<APPREC-INCREASE-CURRENT> (24,274,611)
<NET-CHANGE-FROM-OPS> (13,879,556)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,052,919
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 245,565,272
<NUMBER-OF-SHARES-REDEEMED> 242,564,425
<SHARES-REINVESTED> 94,082
<NET-CHANGE-IN-ASSETS> (3,831,419)
<ACCUMULATED-NII-PRIOR> 3,157,009
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3,164,930)
<GROSS-ADVISORY-FEES> 918,272
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,034,441
<AVERAGE-NET-ASSETS> 246,901,834
<PER-SHARE-NAV-BEGIN> 7.54
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (0.80)
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.74
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Gold Resources Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 69,280,283
<INVESTMENTS-AT-VALUE> 54,474,784
<RECEIVABLES> 2,868,532
<ASSETS-OTHER> 694,218
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,037,534
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 279,480
<OTHER-ITEMS-LIABILITIES> 320,458
<TOTAL-LIABILITIES> 599,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 115,390,190
<SHARES-COMMON-STOCK> 17,834,026
<SHARES-COMMON-PRIOR> 19,065,919
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1,060,102
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 14,828,802
<ACCUM-APPREC-OR-DEPREC> (42,063,690)
<NET-ASSETS> 57,437,596
<DIVIDEND-INCOME> 287,971
<INTEREST-INCOME> 149,797
<OTHER-INCOME> (16,921)
<EXPENSES-NET> 720,229
<NET-INVESTMENT-INCOME> (299,382)
<REALIZED-GAINS-CURRENT> 2,057,299
<APPREC-INCREASE-CURRENT> (6,240,018)
<NET-CHANGE-FROM-OPS> (4,482,101)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,605,158
<NUMBER-OF-SHARES-REDEEMED> 3,837,051
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (8,713,119)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 571,501
<OVERDIST-NET-GAINS-PRIOR> (4,738,637)
<GROSS-ADVISORY-FEES> 248,154
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 720,229
<AVERAGE-NET-ASSETS> 66,722,855
<PER-SHARE-NAV-BEGIN> 3.47
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (0.23)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 3.22
<EXPENSE-RATIO> 2.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Asia Dynasty Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 13,542,655
<INVESTMENTS-AT-VALUE> 11,295,518
<RECEIVABLES> 56,496
<ASSETS-OTHER> 2,200,003
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13,552,017
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 97,071
<OTHER-ITEMS-LIABILITIES> 256,103
<TOTAL-LIABILITIES> 353,174
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,935,864
<SHARES-COMMON-STOCK> 2,208,438
<SHARES-COMMON-PRIOR> 2,552,296
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 296,156
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,192,680
<ACCUM-APPREC-OR-DEPREC> (2,248,185)
<NET-ASSETS> 13,198,843
<DIVIDEND-INCOME> 198,628
<INTEREST-INCOME> 23,268
<OTHER-INCOME> (8,314)
<EXPENSES-NET> 271,419
<NET-INVESTMENT-INCOME> (57,837)
<REALIZED-GAINS-CURRENT> (1,346,734)
<APPREC-INCREASE-CURRENT> (2,740,398)
<NET-CHANGE-FROM-OPS> (4,144,969)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 607,776
<NUMBER-OF-SHARES-REDEEMED> 951,634
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (6,587,396)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,776,880
<OVERDISTRIB-NII-PRIOR> 426,753
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 64,686
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 287,343
<AVERAGE-NET-ASSETS> 17,392,526
<PER-SHARE-NAV-BEGIN> 7.82
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (1.77)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.03
<EXPENSE-RATIO> 2.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Global Balanced Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 21,522,171
<INVESTMENTS-AT-VALUE> 30,403,233
<RECEIVABLES> 1,864,952
<ASSETS-OTHER> 507,053
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32,775,238
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 51,146
<OTHER-ITEMS-LIABILITIES> 760,586
<TOTAL-LIABILITIES> 811,732
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,463,770
<SHARES-COMMON-STOCK> 2,692,073
<SHARES-COMMON-PRIOR> 2,862,816
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 352,373
<ACCUMULATED-NET-GAINS> 2,871,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,980,313
<NET-ASSETS> 31,963,506
<DIVIDEND-INCOME> 145,821
<INTEREST-INCOME> 320,704
<OTHER-INCOME> (10,957)
<EXPENSES-NET> 323,395
<NET-INVESTMENT-INCOME> 132,173
<REALIZED-GAINS-CURRENT> 2,786,759
<APPREC-INCREASE-CURRENT> 1,425,338
<NET-CHANGE-FROM-OPS> 4,344,270
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 128,380
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129,268
<NUMBER-OF-SHARES-REDEEMED> 9,577
<SHARES-REINVESTED> 309,588
<NET-CHANGE-IN-ASSETS> 2,278,414
<ACCUMULATED-NII-PRIOR> 224,771
<ACCUMULATED-GAINS-PRIOR> 3,335,923
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 116,231
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 392,295
<AVERAGE-NET-ASSETS> 31,251,836
<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 1.51
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.89
<EXPENSE-RATIO> 2.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Global Hard Assets Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 62,379,058
<INVESTMENTS-AT-VALUE> 55,848,664
<RECEIVABLES> 4,964,537
<ASSETS-OTHER> 2,231,714
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,044,915
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 161,613
<OTHER-ITEMS-LIABILITIES> 4,444,173
<TOTAL-LIABILITIES> 4,605,786
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64,754,397
<SHARES-COMMON-STOCK> 4,453,986
<SHARES-COMMON-PRIOR> 5,189,946
<ACCUMULATED-NII-CURRENT> 112,357
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 219,982
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (6,207,643)
<NET-ASSETS> 58,439,129
<DIVIDEND-INCOME> 740,402
<INTEREST-INCOME> 106,727
<OTHER-INCOME> (17,541)
<EXPENSES-NET> 751,936
<NET-INVESTMENT-INCOME> 77,652
<REALIZED-GAINS-CURRENT> (73,447)
<APPREC-INCREASE-CURRENT> (11,427,825)
<NET-CHANGE-FROM-OPS> (11,423,620)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 89,101
<DISTRIBUTIONS-OF-GAINS> 89,130
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 847,233
<NUMBER-OF-SHARES-REDEEMED> 1,594,143
<SHARES-REINVESTED> 10,951
<NET-CHANGE-IN-ASSETS> (22,141,509)
<ACCUMULATED-NII-PRIOR> 170,654
<ACCUMULATED-GAINS-PRIOR> 4,458,604
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 354,057
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 769,902
<AVERAGE-NET-ASSETS> 71,398,263
<PER-SHARE-NAV-BEGIN> 15.50
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (2.39)
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.02
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.10
<EXPENSE-RATIO> 2.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> U.S. Government Money Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 89,527,444
<INVESTMENTS-AT-VALUE> 89,527,444
<RECEIVABLES> 14,380,672
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 103,908,116
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 128,363
<OTHER-ITEMS-LIABILITIES> 43,805,103
<TOTAL-LIABILITIES> 43,933,466
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,974,650
<SHARES-COMMON-STOCK> 59,974,650
<SHARES-COMMON-PRIOR> 76,649,948
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 59,974,650
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,917,800
<OTHER-INCOME> 0
<EXPENSES-NET> 461,187
<NET-INVESTMENT-INCOME> 1,456,613
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,456,613
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,856,010,903
<NUMBER-OF-SHARES-REDEEMED> 1,880,958,078
<SHARES-REINVESTED> 8,271,877
<NET-CHANGE-IN-ASSETS> 16,675,298
<ACCUMULATED-NII-PRIOR> 3,032,256
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 177,743
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 469,669
<AVERAGE-NET-ASSETS> 71,686,806
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.019
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.019
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Emerging Markets Growth Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 2,147,866
<INVESTMENTS-AT-VALUE> 1,738,230
<RECEIVABLES> 256,513
<ASSETS-OTHER> 158,362
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,153,105
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 61,797
<OTHER-ITEMS-LIABILITIES> 84,199
<TOTAL-LIABILITIES> 145,996
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,158,614
<SHARES-COMMON-STOCK> 297,231
<SHARES-COMMON-PRIOR> 327,288
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 5,422
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 729,540
<ACCUM-APPREC-OR-DEPREC> (416,543)
<NET-ASSETS> 2,007,109
<DIVIDEND-INCOME> 43,990
<INTEREST-INCOME> 262
<OTHER-INCOME> (2,837)
<EXPENSES-NET> 8,359
<NET-INVESTMENT-INCOME> 33,056
<REALIZED-GAINS-CURRENT> (445,323)
<APPREC-INCREASE-CURRENT> 11,619
<NET-CHANGE-FROM-OPS> (400,648)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20,646
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34,289
<NUMBER-OF-SHARES-REDEEMED> 67,241
<SHARES-REINVESTED> 2,895
<NET-CHANGE-IN-ASSETS> (653,878)
<ACCUMULATED-NII-PRIOR> 48,080
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 276,571
<GROSS-ADVISORY-FEES> 12,271
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 135,962
<AVERAGE-NET-ASSETS> 2,474,641
<PER-SHARE-NAV-BEGIN> 8.13
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> (1.41)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.07
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 6.76
<EXPENSE-RATIO> 0.68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> Global Real Estate
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 3,845,747
<INVESTMENTS-AT-VALUE> 3,815,804
<RECEIVABLES> 283,370
<ASSETS-OTHER> 14,346
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,113,520
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 78,985
<OTHER-ITEMS-LIABILITIES> 282,836
<TOTAL-LIABILITIES> 361,821
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,755,419
<SHARES-COMMON-STOCK> 355,830
<SHARES-COMMON-PRIOR> 158,122
<ACCUMULATED-NII-CURRENT> 9,011
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18,206
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (30,937)
<NET-ASSETS> 3,751,699
<DIVIDEND-INCOME> 39,820
<INTEREST-INCOME> 7,181
<OTHER-INCOME> (828)
<EXPENSES-NET> 9,146
<NET-INVESTMENT-INCOME> 37,027
<REALIZED-GAINS-CURRENT> 17,742
<APPREC-INCREASE-CURRENT> (93,513)
<NET-CHANGE-FROM-OPS> (38,744)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 28,558
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 207,058
<NUMBER-OF-SHARES-REDEEMED> 11,660
<SHARES-REINVESTED> 2,310
<NET-CHANGE-IN-ASSETS> 2,069,202
<ACCUMULATED-NII-PRIOR> 23,902
<ACCUMULATED-GAINS-PRIOR> 63,337
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,917
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 108,841
<AVERAGE-NET-ASSETS> 2,403,190
<PER-SHARE-NAV-BEGIN> 10.64
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> (0.12)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.08
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.54
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
