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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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SIGNATURE KEVIN RYAN
TITLE SECRETARY-TREASURER
[ARTICLE] 6
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 171,676,957
[INVESTMENTS-AT-VALUE] 180,695,469
[RECEIVABLES] 2,034,090
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 182,729,559
[PAYABLE-FOR-SECURITIES] 810,704
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,095,090
[TOTAL-LIABILITIES] 1,905,794
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 157,022,171
[SHARES-COMMON-STOCK] 14,453,123
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 286,592
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 43,367
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 9,018,512
[NET-ASSETS] 180,823,765
[DIVIDEND-INCOME] 3,680,066
[INTEREST-INCOME] 7,294,647
[OTHER-INCOME] 0
[EXPENSES-NET] 1,050,895
[NET-INVESTMENT-INCOME] 9,923,818
[REALIZED-GAINS-CURRENT] 8,770,212
[APPREC-INCREASE-CURRENT] 1,268,334
[NET-CHANGE-FROM-OPS] 19,962,364
[EQUALIZATION] 42,333,211
[DISTRIBUTIONS-OF-INCOME] 9,850,406
[DISTRIBUTIONS-OF-GAINS] 8,787,456
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 65,409,414
[NUMBER-OF-SHARES-REDEEMED] 37,836,437
[SHARES-REINVESTED] 14,760,234
[NET-CHANGE-IN-ASSETS] 43,657,713
[ACCUMULATED-NII-PRIOR] 158,963
[ACCUMULATED-GAINS-PRIOR] 112,202
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 806,436
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,050,895
[AVERAGE-NET-ASSETS] 161,320,698
[PER-SHARE-NAV-BEGIN] 12.31
[PER-SHARE-NII] .77
[PER-SHARE-GAIN-APPREC] .84
[PER-SHARE-DIVIDEND] .77
[PER-SHARE-DISTRIBUTIONS] .64
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.51
[EXPENSE-RATIO] .65
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
