[ARTICLE] 6
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-2000
[PERIOD-END] JUN-30-2000
[INVESTMENTS-AT-COST] 12,397,122
[INVESTMENTS-AT-VALUE] 13,424,075
[RECEIVABLES] 604,777
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 4,179,703
[TOTAL-ASSETS] 18,208,555
[PAYABLE-FOR-SECURITIES] 612,252
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 612,252
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,596,303
[SHARES-COMMON-STOCK] 1,038,095
[SHARES-COMMON-PRIOR] 1,085,205
[ACCUMULATED-NII-CURRENT] (6,964)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2,966,760)
[NET-ASSETS] 17,596,303
[DIVIDEND-INCOME] 98,191
[INTEREST-INCOME] 77,772
[OTHER-INCOME] 0
[EXPENSES-NET] 182,927
[NET-INVESTMENT-INCOME] (6,964)
[REALIZED-GAINS-CURRENT] 1,289,654
[APPREC-INCREASE-CURRENT] (2,966,760)
[NET-CHANGE-FROM-OPS] (1,684,070)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 304,579
[NUMBER-OF-SHARES-REDEEMED] 2,052,332
[SHARES-REINVESTED] 1,226,088
[NET-CHANGE-IN-ASSETS] (3,447,573)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 182,927
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 182,927
[AVERAGE-NET-ASSETS] 18,800,358
[PER-SHARE-NAV-BEGIN] 19.66
[PER-SHARE-NII] (0.01)
[PER-SHARE-GAIN-APPREC] (1.54)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (1.16)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.95
[EXPENSE-RATIO] 1.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
