<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000808335
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 KEYSTONE FUND FOR TOTAL RETURN
001 B000000 811-4950
001 C000000 6172103571
002 A000000 200 BERKELEY STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 KEYSTONE INVESTMENT MANAGEMENT CO.
008 B000001 A
008 C000001 801-8327
008 D010001 BOSTON
008 D020001 MA
008 D030001 02116
010 A000001 KEYSTONE INVESTMENT MANAGEMENT CO
010 C010001 BOSTON
010 C020001 MA
010 C030001 02116
011 A000001 EVERGREEN KEYSTONE DISTRIBUTORS INC.
011 B000001 8-395
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 EVERGREEN KEYSTONE SERVICE CO
012 B000001 84-1571
012 C010001 BOSTON
012 C020001 MA
<PAGE> PAGE 2
012 C030001 02116
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02108
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 78
019 C000000 EVERGREENS
020 A000001 PRUDENTIAL SECURITIES, INC.
020 B000001 22-2347336
020 C000001 15
020 A000002 SMITH BARNEY SHEARSON, INC.
020 B000002 13-1912900
020 C000002 12
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000003 13-2741729
020 C000003 11
020 A000004 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
020 B000004 13-5674085
020 C000004 10
020 A000005 PAINE WEBBER INC.
020 B000005 13-2638166
020 C000005 9
020 A000006 KOKUSAI AMERICA INC.
020 B000006 13-3431243
020 C000006 8
020 A000007 LEHMAN BROTHERS INC
020 B000007 13-2518466
020 C000007 6
020 A000008 BEAR STEARNS SECURITIES
020 B000008 13-3299429
020 C000008 5
020 A000009 CHICAGO CORP.
020 B000009 36-2549961
020 C000009 4
020 A000010 CS FIRST BOSTON CORP.
020 B000010 13-5659485
020 C000010 3
021 000000 116
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 2538
022 D000001 1440
022 A000002 DONALDSON LUFKIN JENRETTE SECURITIES CORP.
<PAGE> PAGE 3
022 B000002 13-2741729
022 C000002 3070
022 D000002 0
022 A000003 CS FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003 1898
022 D000003 988
022 A000004 S.G. WARBURG & CO., INC.
022 B000004 13-3340045
022 C000004 2507
022 D000004 0
022 A000005 SALOMON BROTHERS
022 B000005 13-3082694
022 C000005 1713
022 D000005 0
022 A000006 BROWN ALEX & SONS, INC.
022 B000006 52-1319768
022 C000006 936
022 D000006 0
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007 693
022 D000007 0
022 A000008 C.J. LAWRENCE
022 C000008 400
022 D000008 0
022 A000009 LEHMAN BROTHERS, INC.
022 B000009 13-2518466
022 C000009 143
022 D000009 0
022 A000010 MORGAN (JP) SECURITIES
022 B000010 13-3224016
022 C000010 98
022 D000010 0
023 C000000 1347288
023 D000000 4795
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
<PAGE> PAGE 4
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 4822
028 A020000 0
028 A030000 0
028 A040000 1222
028 B010000 12549
028 B020000 271
028 B030000 0
028 B040000 2302
028 C010000 16272
028 C020000 0
028 C030000 0
028 C040000 1751
028 D010000 8793
028 D020000 0
028 D030000 0
028 D040000 2542
028 E010000 6025
028 E020000 0
028 E030000 0
028 E040000 7766
028 F010000 5393
028 F020000 410
028 F030000 0
028 F040000 3591
028 G010000 53854
028 G020000 681
028 G030000 0
028 G040000 19174
028 H000000 0
029 000000 Y
030 A000000 92
030 B000000 4.75
030 C000000 0.00
031 A000000 92
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
<PAGE> PAGE 5
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 449
044 000000 0
045 000000 Y
046 000000 N
047 000000 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 Y
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
<PAGE> PAGE 6
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 G000000 Y
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
<PAGE> PAGE 7
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 66893
071 B000000 33080
071 C000000 113091
071 D000000 29
072 A000000 6
072 B000000 374
072 C000000 1388
072 D000000 0
072 E000000 0
072 F000000 387
072 G000000 0
072 H000000 0
072 I000000 88
072 J000000 21
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 11
072 S000000 0
072 T000000 449
072 U000000 0
072 V000000 0
072 W000000 38
072 X000000 995
<PAGE> PAGE 8
072 Y000000 0
072 Z000000 767
072AA000000 6228
072BB000000 0
072CC010000 3419
072CC020000 0
072DD010000 369
072DD020000 392
072EE000000 0
073 A010000 0.1600
073 A020000 0.0800
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 5860
074 C000000 0
074 D000000 3286
074 E000000 11031
074 F000000 122629
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 540
074 K000000 0
074 L000000 453
074 M000000 132
074 N000000 143931
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 341
074 S000000 0
074 T000000 143590
074 U010000 2301
074 U020000 5365
074 V010000 18.75
074 V020000 18.72
074 W000000 0.0000
074 X000000 6657
074 Y000000 0
075 A000000 123084
075 B000000 0
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
<PAGE> PAGE 9
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 50000
081 A000000 Y
081 B000000 77
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
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
SIGNATURE J. KEVIN KENELY
TITLE VP FUND ADMINISTRATN
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE FUND FOR TOTAL RETURN CLASS Y
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 111,898,359
<INVESTMENTS-AT-VALUE> 142,806,423
<RECEIVABLES> 992,738
<ASSETS-OTHER> 131,928
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 143,931,089
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,433
<TOTAL-LIABILITIES> 341,433
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106,680,238
<SHARES-COMMON-STOCK> 1
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (227,124)
<ACCUMULATED-NET-GAINS> 6,228,478
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,908,064
<NET-ASSETS> 19
<DIVIDEND-INCOME> 1,388,531
<INTEREST-INCOME> 373,903
<OTHER-INCOME> 0
<EXPENSES-NET> (995,005)
<NET-INVESTMENT-INCOME> 767,429
<REALIZED-GAINS-CURRENT> 6,228,478
<APPREC-INCREASE-CURRENT> 3,419,386
<NET-CHANGE-FROM-OPS> 10,415,293
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 45,014,447
<ACCUMULATED-NII-PRIOR> (233,100)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 387,159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (995,005)
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 17.94
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.85
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.68
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE FUND FOR TOTAL RETURN CLASS C
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 111,898,359
<INVESTMENTS-AT-VALUE> 142,806,423
<RECEIVABLES> 992,738
<ASSETS-OTHER> 131,928
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 143,931,089
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,433
<TOTAL-LIABILITIES> 341,433
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106,680,238
<SHARES-COMMON-STOCK> 1,044,813
<SHARES-COMMON-PRIOR> 840,991
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (227,124)
<ACCUMULATED-NET-GAINS> 6,228,478
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,908,064
<NET-ASSETS> 19,578,840
<DIVIDEND-INCOME> 1,388,531
<INTEREST-INCOME> 373,903
<OTHER-INCOME> 0
<EXPENSES-NET> (995,005)
<NET-INVESTMENT-INCOME> 767,429
<REALIZED-GAINS-CURRENT> 6,228,478
<APPREC-INCREASE-CURRENT> 3,419,386
<NET-CHANGE-FROM-OPS> 10,415,293
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (78,416)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 315,613
<NUMBER-OF-SHARES-REDEEMED> (115,814)
<SHARES-REINVESTED> 4,023
<NET-CHANGE-IN-ASSETS> 45,014,447
<ACCUMULATED-NII-PRIOR> (233,100)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 387,159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (995,005)
<AVERAGE-NET-ASSETS> 17,265,403
<PER-SHARE-NAV-BEGIN> 17.32
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 1.41
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.74
<EXPENSE-RATIO> 1.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE FUND FOR TOTAL RETURN CLASS B
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 111,898,359
<INVESTMENTS-AT-VALUE> 142,806,423
<RECEIVABLES> 992,738
<ASSETS-OTHER> 131,928
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 143,931,089
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,433
<TOTAL-LIABILITIES> 341,433
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106,680,238
<SHARES-COMMON-STOCK> 4,319,918
<SHARES-COMMON-PRIOR> 2,514,299
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (227,124)
<ACCUMULATED-NET-GAINS> 6,228,478
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,908,064
<NET-ASSETS> 80,877,343
<DIVIDEND-INCOME> 1,388,531
<INTEREST-INCOME> 373,903
<OTHER-INCOME> 0
<EXPENSES-NET> (995,005)
<NET-INVESTMENT-INCOME> 767,429
<REALIZED-GAINS-CURRENT> 6,228,478
<APPREC-INCREASE-CURRENT> 3,419,386
<NET-CHANGE-FROM-OPS> 10,415,293
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (314,198)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,270,207
<NUMBER-OF-SHARES-REDEEMED> (479,660)
<SHARES-REINVESTED> 15,072
<NET-CHANGE-IN-ASSETS> 45,014,447
<ACCUMULATED-NII-PRIOR> (233,100)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 387,159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (995,005)
<AVERAGE-NET-ASSETS> 63,374,417
<PER-SHARE-NAV-BEGIN> 17.31
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 1.39
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.72
<EXPENSE-RATIO> 1.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE FUND FOR TOTAL RETURN CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 111,898,359
<INVESTMENTS-AT-VALUE> 142,806,423
<RECEIVABLES> 992,738
<ASSETS-OTHER> 131,928
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 143,931,089
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,433
<TOTAL-LIABILITIES> 341,433
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106,680,238
<SHARES-COMMON-STOCK> 2,300,774
<SHARES-COMMON-PRIOR> 2,336,578
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (227,124)
<ACCUMULATED-NET-GAINS> 6,228,478
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,908,064
<NET-ASSETS> 43,133,454
<DIVIDEND-INCOME> 1,388,531
<INTEREST-INCOME> 373,903
<OTHER-INCOME> 0
<EXPENSES-NET> (995,005)
<NET-INVESTMENT-INCOME> 767,429
<REALIZED-GAINS-CURRENT> 6,228,478
<APPREC-INCREASE-CURRENT> 3,419,386
<NET-CHANGE-FROM-OPS> 10,415,293
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (368,839)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 431,847
<NUMBER-OF-SHARES-REDEEMED> (485,722)
<SHARES-REINVESTED> 18,071
<NET-CHANGE-IN-ASSETS> 45,014,447
<ACCUMULATED-NII-PRIOR> (233,100)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 387,159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (995,005)
<AVERAGE-NET-ASSETS> 42,443,759
<PER-SHARE-NAV-BEGIN> 17.33
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 1.42
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.75
<EXPENSE-RATIO> 1.14
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
