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SIGNATURE CATHERINE WHITE
TITLE AVP
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 356,187,889
<INVESTMENTS-AT-VALUE> 459,361,929
<RECEIVABLES> 16,095,830
<ASSETS-OTHER> 1,187,691
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 476,645,450
<PAYABLE-FOR-SECURITIES> 3,644,810
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,004,618
<TOTAL-LIABILITIES> 4,649,428
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 325,779,970
<SHARES-COMMON-STOCK> 16,365,572
<SHARES-COMMON-PRIOR> 16,365,519
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 43,044,079
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 103,171,973
<NET-ASSETS> 471,996,022
<DIVIDEND-INCOME> 321,382
<INTEREST-INCOME> 500,704
<OTHER-INCOME> 0
<EXPENSES-NET> 4,440,803
<NET-INVESTMENT-INCOME> (3,618,717)
<REALIZED-GAINS-CURRENT> 50,258,183
<APPREC-INCREASE-CURRENT> 61,324,307
<NET-CHANGE-FROM-OPS> 111,582,490
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (127,651)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0,538,805
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 53
<NET-CHANGE-IN-ASSETS> 107,837,376
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,510,254
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,440,803
<AVERAGE-NET-ASSETS> 410,449,504
<PER-SHARE-NAV-BEGIN> 22.25
<PER-SHARE-NII> (0.22)
<PER-SHARE-GAIN-APPREC> 6.82
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.84
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
[DESCRIPTION] Results of Annual Stockholder Meeting Voting
The Fund held its annual stockholders meeting on April 22, 1997. The meeting
originally was scheduled for February 26, 1997, but was adjourned several
times due to an insufficient number of shares voting on certain matters on
the agenda. The following actions were taken at the meeting:
1) Election of Directors - The stockholders of the Fund elected Benny T. Hu,
Harvey H.W. Chang, Joe O. Rogers, Jack C. Tang, Shao-Yu Wang, David Dean
and Lawrence F. Weber to the Board of Directors to hold office until their
successors are elected and qualified.
For Withheld
Benny T. Hu 9,597,338 322,741
Harvey H.W. Chang 9,806,027 114,051
Joe O. Rogers 9,807,789 112,289
Jack C. Tang 9,595,243 324,836
Shao-Yu Wang 9,803,735 116,343
David Dean 9,802,897 117,181
Lawrence F. Weber 9,817,863 102,215
2) Ratification or Rejection of Independent Certified Public Accountants -
The stockholders of the Fund ratified the selection of Coopers & Lybrand
L.L.P.as independent public accountants of the Fund for the fiscal year ending
August 31, 1997.
For Against Abstain
9,867,737 23,770 28,570
3) Approval or Disapproval of Reincorporation of the Fund - The stockholders
of the Fund did not approve an Agreement of Merger reincorporating the Fund,
currently a Delaware corporation, as a Maryland Corporation by means of a
merger of the Fund into a wholly-owned, newly formed Maryland subsidiary.
For Against Abstain Broker Non-Vote
3,512,245 1,870,697 481,003 4,056,134
4) Approval or Disapproval of an amendment to the Fund's Amended and Restated
Certificate of Incorporation - The stockholders of the Fund did not approve an
amendment to the Fund's Amended and Restated Certificate of Incorporation,
increasing the number of authorized shares of Common Stock from 20,000,000
to 60,000,000.
For Against Abstain Broker Non-Vote
3,943,650 1,445,101 475,194 4,056,134
5) Approval or Disapproval of an amendment permitting the Fund to purchase
Taiwan Stock Exchange listed securities issued in initial or subsequent
public offerings - The stockholders of the Fund did approve an amendment to
the Fund's investment limitations permitting the Fund to purchase Taiwan
Stock Exchange listed securities issued in initial and subsequent public
offerings.
For Against Abstain Broker Non-Vote
6,105,791 418,391 482,855 1,343,476
6) Approval or Disapproval of an amendment permitting the Fund to engage in
currency hedging transactions - The stockholders of the Fund did approve an
amendment to the Fund's investment limitations permitting the Fund to engage
in currency hedging transactions.
For Against Abstain Broker Non-Vote
5,784,723 1,160,186 47,402 1,358,201
