<PAGE> PAGE 1
000 A000000 07/31/96
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<PAGE> PAGE 2
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<PAGE> PAGE 3
022 D000009 9320
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
076 000200 0.00
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-30-1996
[INVESTMENTS-AT-COST] 209,369,982
[INVESTMENTS-AT-VALUE] 266,299,688
[RECEIVABLES] 1,799,588
[ASSETS-OTHER] 27,372
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 268,126,648
[PAYABLE-FOR-SECURITIES] 2,842,915
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 327,439
[TOTAL-LIABILITIES] 3,170,354
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 207,059,528
[SHARES-COMMON-STOCK] 9,049,146
[SHARES-COMMON-PRIOR] 9,058,583
[ACCUMULATED-NII-CURRENT] 1,710,770
[OVERDISTRIBUTION-NII] (44,788)
[ACCUMULATED-NET-GAINS] 1,011,848
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,929,706
[NET-ASSETS] 264,956,294
[DIVIDEND-INCOME] 2,433,935
[INTEREST-INCOME] 884,904
[OTHER-INCOME] 21,766
[EXPENSES-NET] 1,663,745
[NET-INVESTMENT-INCOME] 1,676,860
[REALIZED-GAINS-CURRENT] 729,996
[APPREC-INCREASE-CURRENT] 2,143,255
[NET-CHANGE-FROM-OPS] 4,550,111
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 909,485
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 884,833
[NUMBER-OF-SHARES-REDEEMED] (957,521)
[SHARES-REINVESTED] 68,439
[NET-CHANGE-IN-ASSETS] 42,247,916
[ACCUMULATED-NII-PRIOR] 33,910
[ACCUMULATED-GAINS-PRIOR] 281,853
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 554,123
[INTEREST-EXPENSE] 1,109,622
[GROSS-EXPENSE] 1,663,745
[AVERAGE-NET-ASSETS] 144,466,642
[PER-SHARE-NAV-BEGIN] 12.16
[PER-SHARE-NII] 00.10
[PER-SHARE-GAIN-APPREC] 00.20
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.10
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.36
[EXPENSE-RATIO] 01.14
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-30-1996
[INVESTMENTS-AT-COST] 209,369,982
[INVESTMENTS-AT-VALUE] 266,299,688
[RECEIVABLES] 1,799,588
[ASSETS-OTHER] 27,372
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 268,126,648
[PAYABLE-FOR-SECURITIES] 2,842,915
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 327,439
[TOTAL-LIABILITIES] 3,170,354
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 207,059,528
[SHARES-COMMON-STOCK] 9,324,368
[SHARES-COMMON-PRIOR] 9,256,770
[ACCUMULATED-NII-CURRENT] 1,710,770
[OVERDISTRIBUTION-NII] (44,788)
[ACCUMULATED-NET-GAINS] 1,011,848
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,929,706
[NET-ASSETS] 264,956,294
[DIVIDEND-INCOME] 2,433,935
[INTEREST-INCOME] 884,904
[OTHER-INCOME] 21,766
[EXPENSES-NET] 1,663,745
[NET-INVESTMENT-INCOME] 1,676,860
[REALIZED-GAINS-CURRENT] 729,996
[APPREC-INCREASE-CURRENT] 2,143,255
[NET-CHANGE-FROM-OPS] 4,550,111
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 680,106
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,287,204
[NUMBER-OF-SHARES-REDEEMED] (1,269,483)
[SHARES-REINVESTED] 45,643
[NET-CHANGE-IN-ASSETS] 42,247,916
[ACCUMULATED-NII-PRIOR] 33,910
[ACCUMULATED-GAINS-PRIOR] 281,853
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 554,123
[INTEREST-EXPENSE] 1,109,622
[GROSS-EXPENSE] 1,663,745
[AVERAGE-NET-ASSETS] 117,499,994
[PER-SHARE-NAV-BEGIN] 12.19
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 00.19
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.07
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.38
[EXPENSE-RATIO] 01.63
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-30-1996
[INVESTMENTS-AT-COST] 209,369,982
[INVESTMENTS-AT-VALUE] 266,299,688
[RECEIVABLES] 1,799,588
[ASSETS-OTHER] 27,372
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 268,126,648
[PAYABLE-FOR-SECURITIES] 2,842,915
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 327,439
[TOTAL-LIABILITIES] 3,170,354
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 207,059,528
[SHARES-COMMON-STOCK] 134,942
[SHARES-COMMON-PRIOR] 78,779
[ACCUMULATED-NII-CURRENT] 1,710,770
[OVERDISTRIBUTION-NII] (44,788)
[ACCUMULATED-NET-GAINS] 1,011,848
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,929,706
[NET-ASSETS] 264,956,294
[DIVIDEND-INCOME] 2,433,935
[INTEREST-INCOME] 884,904
[OTHER-INCOME] 21,766
[EXPENSES-NET] 1,663,745
[NET-INVESTMENT-INCOME] 1,676,860
[REALIZED-GAINS-CURRENT] 729,996
[APPREC-INCREASE-CURRENT] 2,143,255
[NET-CHANGE-FROM-OPS] 4,550,111
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 8,546
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 78,457
[NUMBER-OF-SHARES-REDEEMED] (22,969)
[SHARES-REINVESTED] 651
[NET-CHANGE-IN-ASSETS] 42,247,916
[ACCUMULATED-NII-PRIOR] 33,910
[ACCUMULATED-GAINS-PRIOR] 281,853
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 554,123
[INTEREST-EXPENSE] 1,109,622
[GROSS-EXPENSE] 1,663,745
[AVERAGE-NET-ASSETS] 1,488,189
[PER-SHARE-NAV-BEGIN] 12.19
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 00.19
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.07
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.38
[EXPENSE-RATIO] 01.63
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-30-1996
[INVESTMENTS-AT-COST] 209,369,982
[INVESTMENTS-AT-VALUE] 266,299,688
[RECEIVABLES] 1,799,588
[ASSETS-OTHER] 27,372
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 268,126,648
[PAYABLE-FOR-SECURITIES] 2,842,915
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 327,439
[TOTAL-LIABILITIES] 3,170,354
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 207,059,528
[SHARES-COMMON-STOCK] 2,909,276
[SHARES-COMMON-PRIOR] 414
[ACCUMULATED-NII-CURRENT] 1,710,770
[OVERDISTRIBUTION-NII] (44,788)
[ACCUMULATED-NET-GAINS] 1,011,848
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,929,706
[NET-ASSETS] 264,956,294
[DIVIDEND-INCOME] 2,433,935
[INTEREST-INCOME] 884,904
[OTHER-INCOME] 21,766
[EXPENSES-NET] 1,663,745
[NET-INVESTMENT-INCOME] 1,676,860
[REALIZED-GAINS-CURRENT] 729,996
[APPREC-INCREASE-CURRENT] 2,143,255
[NET-CHANGE-FROM-OPS] 4,550,111
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 157,421
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,908,862
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 42,247,916
[ACCUMULATED-NII-PRIOR] 33,910
[ACCUMULATED-GAINS-PRIOR] 281,853
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 554,123
[INTEREST-EXPENSE] 1,109,622
[GROSS-EXPENSE] 1,663,745
[AVERAGE-NET-ASSETS] 19,214,211
[PER-SHARE-NAV-BEGIN] 12.16
[PER-SHARE-NII] 00.10
[PER-SHARE-GAIN-APPREC] 00.22
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.11
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.37
[EXPENSE-RATIO] 01.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 339,989,471
[INVESTMENTS-AT-VALUE] 373,527,410
[RECEIVABLES] 2,697,964
[ASSETS-OTHER] 68,101
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 376,293,475
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 314,414
[TOTAL-LIABILITIES] 314,414
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 314,892,142
[SHARES-COMMON-STOCK] 9,108,406
[SHARES-COMMON-PRIOR] 9,210,887
[ACCUMULATED-NII-CURRENT] 1,547,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 26,001,938
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,537,939
[NET-ASSETS] 375,979,061
[DIVIDEND-INCOME] 2,394,195
[INTEREST-INCOME] 5,936,642
[OTHER-INCOME] 0
[EXPENSES-NET] 3,199,309
[NET-INVESTMENT-INCOME] 5,131,528
[REALIZED-GAINS-CURRENT] 20,385,492
[APPREC-INCREASE-CURRENT] (26,883,619)
[NET-CHANGE-FROM-OPS] (6,498,127)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,675,331
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 528,614
[NUMBER-OF-SHARES-REDEEMED] 763,804
[SHARES-REINVESTED] 132,709
[NET-CHANGE-IN-ASSETS] (28,783,935)
[ACCUMULATED-NII-PRIOR] 1,589,330
[ACCUMULATED-GAINS-PRIOR] 5,616,446
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,481,032
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,481,032
[AVERAGE-NET-ASSETS] 176,729,941
[PER-SHARE-NAV-BEGIN] 19.00
[PER-SHARE-NII] 00.28
[PER-SHARE-GAIN-APPREC] (0.32)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.29
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.67
[EXPENSE-RATIO] 01.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 339,989,471
[INVESTMENTS-AT-VALUE] 373,527,410
[RECEIVABLES] 2,697,964
[ASSETS-OTHER] 68,101
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 376,293,475
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 314,414
[TOTAL-LIABILITIES] 314,414
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 314,892,142
[SHARES-COMMON-STOCK] 10,791,962
[SHARES-COMMON-PRIOR] 11,883,207
[ACCUMULATED-NII-CURRENT] 1,547,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 26,001,938
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,537,939
[NET-ASSETS] 375,979,061
[DIVIDEND-INCOME] 2,394,195
[INTEREST-INCOME] 5,936,642
[OTHER-INCOME] 0
[EXPENSES-NET] 3,199,309
[NET-INVESTMENT-INCOME] 5,131,528
[REALIZED-GAINS-CURRENT] 20,385,492
[APPREC-INCREASE-CURRENT] (26,883,619)
[NET-CHANGE-FROM-OPS] (6,498,127)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,454,326
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 454,001
[NUMBER-OF-SHARES-REDEEMED] 1,663,520
[SHARES-REINVESTED] 118,274
[NET-CHANGE-IN-ASSETS] (28,783,935)
[ACCUMULATED-NII-PRIOR] 1,589,330
[ACCUMULATED-GAINS-PRIOR] 5,616,446
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,481,032
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,481,032
[AVERAGE-NET-ASSETS] 214,296,323
[PER-SHARE-NAV-BEGIN] 19.05
[PER-SHARE-NII] 00.21
[PER-SHARE-GAIN-APPREC] (0.32)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.22
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.72
[EXPENSE-RATIO] 01.99
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 339,989,471
[INVESTMENTS-AT-VALUE] 373,527,410
[RECEIVABLES] 2,697,964
[ASSETS-OTHER] 68,101
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 376,293,475
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 314,414
[TOTAL-LIABILITIES] 314,414
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 314,892,142
[SHARES-COMMON-STOCK] 201,164
[SHARES-COMMON-PRIOR] 177,973
[ACCUMULATED-NII-CURRENT] 1,547,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 26,001,938
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,537,939
[NET-ASSETS] 375,979,061
[DIVIDEND-INCOME] 2,394,195
[INTEREST-INCOME] 5,936,642
[OTHER-INCOME] 0
[EXPENSES-NET] 3,199,309
[NET-INVESTMENT-INCOME] 5,131,528
[REALIZED-GAINS-CURRENT] 20,385,492
[APPREC-INCREASE-CURRENT] (26,883,619)
[NET-CHANGE-FROM-OPS] (6,498,127)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 43,340
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 47,173
[NUMBER-OF-SHARES-REDEEMED] 26,222
[SHARES-REINVESTED] 2,240
[NET-CHANGE-IN-ASSETS] (28,783,935)
[ACCUMULATED-NII-PRIOR] 1,589,330
[ACCUMULATED-GAINS-PRIOR] 5,616,446
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,481,032
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,481,032
[AVERAGE-NET-ASSETS] 3,696,600
[PER-SHARE-NAV-BEGIN] 19.08
[PER-SHARE-NII] 00.21
[PER-SHARE-GAIN-APPREC] (0.32)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.22
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.75
[EXPENSE-RATIO] 01.95
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 339,989,471
[INVESTMENTS-AT-VALUE] 373,527,410
[RECEIVABLES] 2,697,964
[ASSETS-OTHER] 68,101
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 376,293,475
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 314,414
[TOTAL-LIABILITIES] 314,414
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 314,892,142
[SHARES-COMMON-STOCK] 5,265
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,547,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 26,001,938
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,537,939
[NET-ASSETS] 375,979,061
[DIVIDEND-INCOME] 2,394,195
[INTEREST-INCOME] 5,936,642
[OTHER-INCOME] 0
[EXPENSES-NET] 3,199,309
[NET-INVESTMENT-INCOME] 5,131,528
[REALIZED-GAINS-CURRENT] 20,385,492
[APPREC-INCREASE-CURRENT] (26,883,619)
[NET-CHANGE-FROM-OPS] (6,498,127)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 819
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,222
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 43
[NET-CHANGE-IN-ASSETS] (28,783,935)
[ACCUMULATED-NII-PRIOR] 1,589,330
[ACCUMULATED-GAINS-PRIOR] 5,616,446
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,481,032
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,481,032
[AVERAGE-NET-ASSETS] 99,397
[PER-SHARE-NAV-BEGIN] 19.00
[PER-SHARE-NII] 00.22
[PER-SHARE-GAIN-APPREC] (0.37)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.16
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.69
[EXPENSE-RATIO] 00.88
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
