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<PER-SHARE-NAV-BEGIN> 18.34
<PER-SHARE-NII> (0.022)
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<EXPENSE-RATIO> 2.09
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> WINTHROP FIXED INCOME FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
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<RECEIVABLES> 1,099
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<OTHER-ITEMS-LIABILITIES> 356
<TOTAL-LIABILITIES> 356
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,200
<SHARES-COMMON-STOCK> 5,334
<SHARES-COMMON-PRIOR> 5,601
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,129)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 270
<NET-ASSETS> 55,341
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,955
<OTHER-INCOME> 0
<EXPENSES-NET> 291
<NET-INVESTMENT-INCOME> 1,663
<REALIZED-GAINS-CURRENT> (151)
<APPREC-INCREASE-CURRENT> (856)
<NET-CHANGE-FROM-OPS> 657
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<NUMBER-OF-SHARES-SOLD> 482
<NUMBER-OF-SHARES-REDEEMED> 864
<SHARES-REINVESTED> 115
<NET-CHANGE-IN-ASSETS> (2,676)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (978)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 379
<AVERAGE-NET-ASSETS> 55,320
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> 0.291
<PER-SHARE-GAIN-APPREC> (0.171)
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<PER-SHARE-NAV-END> 9.90
<EXPENSE-RATIO> 1.00
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</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> WINTHROP FIXED INCOME FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 54,328
<INVESTMENTS-AT-VALUE> 54,598
<RECEIVABLES> 1,099
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55,697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 356
<TOTAL-LIABILITIES> 356
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,200
<SHARES-COMMON-STOCK> 257
<SHARES-COMMON-PRIOR> 162
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,129)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 270
<NET-ASSETS> 55,341
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,955
<OTHER-INCOME> 0
<EXPENSES-NET> 291
<NET-INVESTMENT-INCOME> 1,663
<REALIZED-GAINS-CURRENT> (151)
<APPREC-INCREASE-CURRENT> (856)
<NET-CHANGE-FROM-OPS> 657
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 52
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 122
<NUMBER-OF-SHARES-REDEEMED> 31
<SHARES-REINVESTED> 4
<NET-CHANGE-IN-ASSETS> (2,676)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (978)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 178
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 379
<AVERAGE-NET-ASSETS> 2,063
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> 0.256
<PER-SHARE-GAIN-APPREC> (0.167)
<PER-SHARE-DIVIDEND> 0.256
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.90
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> WINTHROP GROWTH FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 60,551
<INVESTMENTS-AT-VALUE> 81,942
<RECEIVABLES> 299
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,241
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 274
<TOTAL-LIABILITIES> 274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,205
<SHARES-COMMON-STOCK> 5,806
<SHARES-COMMON-PRIOR> 5,366
<ACCUMULATED-NII-CURRENT> 31
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,340
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,391
<NET-ASSETS> 75,802
<DIVIDEND-INCOME> 576
<INTEREST-INCOME> 52
<OTHER-INCOME> 0
<EXPENSES-NET> 557
<NET-INVESTMENT-INCOME> 71
<REALIZED-GAINS-CURRENT> 2,352
<APPREC-INCREASE-CURRENT> 7,121
<NET-CHANGE-FROM-OPS> 9,544
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 280
<DISTRIBUTIONS-OF-GAINS> 6,296
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 254
<NUMBER-OF-SHARES-REDEEMED> 288
<SHARES-REINVESTED> 474
<NET-CHANGE-IN-ASSETS> 10,694
<ACCUMULATED-NII-PRIOR> 250
<ACCUMULATED-GAINS-PRIOR> 6,582
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 557
<AVERAGE-NET-ASSETS> 73,278
<PER-SHARE-NAV-BEGIN> 12.69
<PER-SHARE-NII> 0.014
<PER-SHARE-GAIN-APPREC> 1.583
<PER-SHARE-DIVIDEND> 0.048
<PER-SHARE-DISTRIBUTIONS> 1.175
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.06
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> WINTHROP GROWTH FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 60,551
<INVESTMENTS-AT-VALUE> 81,942
<RECEIVABLES> 299
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,241
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 274
<TOTAL-LIABILITIES> 274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58,205
<SHARES-COMMON-STOCK> 475
<SHARES-COMMON-PRIOR> 251
<ACCUMULATED-NII-CURRENT> 31
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,340
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,391
<NET-ASSETS> 75,802
<DIVIDEND-INCOME> 576
<INTEREST-INCOME> 52
<OTHER-INCOME> 0
<EXPENSES-NET> 557
<NET-INVESTMENT-INCOME> 71
<REALIZED-GAINS-CURRENT> 2,352
<APPREC-INCREASE-CURRENT> 7,121
<NET-CHANGE-FROM-OPS> 9,544
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10
<DISTRIBUTIONS-OF-GAINS> 299
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 205
<NUMBER-OF-SHARES-REDEEMED> 6
<SHARES-REINVESTED> 25
<NET-CHANGE-IN-ASSETS> 10,694
<ACCUMULATED-NII-PRIOR> 250
<ACCUMULATED-GAINS-PRIOR> 6,582
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 557
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 12.63
<PER-SHARE-NII> (0.015)
<PER-SHARE-GAIN-APPREC> 1.562
<PER-SHARE-DIVIDEND> 0.031
<PER-SHARE-DISTRIBUTIONS> 1.175
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.97
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> WINTHROP GROWTH AND INCOME FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 101,911
<INVESTMENTS-AT-VALUE> 138,131
<RECEIVABLES> 1,244
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 139,375
<PAYABLE-FOR-SECURITIES> 674
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 377
<TOTAL-LIABILITIES> 1,002
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99,124
<SHARES-COMMON-STOCK> 7,254
<SHARES-COMMON-PRIOR> 6,624
<ACCUMULATED-NII-CURRENT> 335
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,220
<NET-ASSETS> 138,373
<DIVIDEND-INCOME> 1,428
<INTEREST-INCOME> 309
<OTHER-INCOME> 0
<EXPENSES-NET> 828
<NET-INVESTMENT-INCOME> 909
<REALIZED-GAINS-CURRENT> 2,702
<APPREC-INCREASE-CURRENT> 10,669
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 10,719
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 509
<NUMBER-OF-SHARES-REDEEMED> 483
<SHARES-REINVESTED> 604
<NET-CHANGE-IN-ASSETS> 18,025
<ACCUMULATED-NII-PRIOR> 300
<ACCUMULATED-GAINS-PRIOR> 11,357
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 828
<AVERAGE-NET-ASSETS> 122,099
<PER-SHARE-NAV-BEGIN> 17.18
<PER-SHARE-NII> 0.122
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<PER-SHARE-DIVIDEND> 0.117
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<PER-SHARE-NAV-END> 17.36
<EXPENSE-RATIO> 1.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> WINTHROP GROWTH AND INCOME CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 101,911
<INVESTMENTS-AT-VALUE> 138,131
<RECEIVABLES> 1,244
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 139,375
<PAYABLE-FOR-SECURITIES> 674
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 377
<TOTAL-LIABILITIES> 1,002
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99,124
<SHARES-COMMON-STOCK> 717
<SHARES-COMMON-PRIOR> 382
<ACCUMULATED-NII-CURRENT> 335
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,220
<NET-ASSETS> 138,373
<DIVIDEND-INCOME> 1,428
<INTEREST-INCOME> 309
<OTHER-INCOME> 0
<EXPENSES-NET> 828
<NET-INVESTMENT-INCOME> 909
<REALIZED-GAINS-CURRENT> 2,702
<APPREC-INCREASE-CURRENT> 10,669
<NET-CHANGE-FROM-OPS> 14,280
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 33
<DISTRIBUTIONS-OF-GAINS> 646
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 308
<NUMBER-OF-SHARES-REDEEMED> 12
<SHARES-REINVESTED> 40
<NET-CHANGE-IN-ASSETS> 18,025
<ACCUMULATED-NII-PRIOR> 300
<ACCUMULATED-GAINS-PRIOR> 11,357
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 419
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 828
<AVERAGE-NET-ASSETS> 9,461
<PER-SHARE-NAV-BEGIN> 17.15
<PER-SHARE-NII> 0.061
<PER-SHARE-GAIN-APPREC> 1.800
<PER-SHARE-DIVIDEND> 0.058
<PER-SHARE-DISTRIBUTIONS> 1.635
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.32
<EXPENSE-RATIO> 1.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> WINTHROP MUNICIPAL TRUST FUND CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 36,602
<INVESTMENTS-AT-VALUE> 36,738
<RECEIVABLES> 956
<ASSETS-OTHER> 26
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37,720
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 162
<TOTAL-LIABILITIES> 162
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,875
<SHARES-COMMON-STOCK> 3,710
<SHARES-COMMON-PRIOR> 3,876
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (453)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 135
<NET-ASSETS> 37,558
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 984
<OTHER-INCOME> 0
<EXPENSES-NET> 97
<NET-INVESTMENT-INCOME> 886
<REALIZED-GAINS-CURRENT> 274
<APPREC-INCREASE-CURRENT> (417)
<NET-CHANGE-FROM-OPS> 743
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 876
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 418
<NUMBER-OF-SHARES-REDEEMED> 653
<SHARES-REINVESTED> 69
<NET-CHANGE-IN-ASSETS> (1,725)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (726)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 283
<AVERAGE-NET-ASSETS> 37,947
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.232
<PER-SHARE-GAIN-APPREC> (0.038)
<PER-SHARE-DIVIDEND> 0.232
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> WINTHROP MUNICIPAL TRUST FUND CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 36,602
<INVESTMENTS-AT-VALUE> 36,738
<RECEIVABLES> 956
<ASSETS-OTHER> 26
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37,720
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 162
<TOTAL-LIABILITIES> 162
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,875
<SHARES-COMMON-STOCK> 57
<SHARES-COMMON-PRIOR> 49
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (453)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 135
<NET-ASSETS> 37,558
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 984
<OTHER-INCOME> 0
<EXPENSES-NET> 97
<NET-INVESTMENT-INCOME> 886
<REALIZED-GAINS-CURRENT> 274
<APPREC-INCREASE-CURRENT> (417)
<NET-CHANGE-FROM-OPS> 743
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14
<NUMBER-OF-SHARES-REDEEMED> 7
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (1725)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (726)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 283
<AVERAGE-NET-ASSETS> 537
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.197
<PER-SHARE-GAIN-APPREC> (0.039)
<PER-SHARE-DIVIDEND> 0.197
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> 1.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>