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TITLE VICE PRESIDENT
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<ACCUM-APPREC-OR-DEPREC> 4,875,735
<NET-ASSETS> 58,556,967
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,709,983
<OTHER-INCOME> 0
<EXPENSES-NET> 210,081
<NET-INVESTMENT-INCOME> 1,499,902
<REALIZED-GAINS-CURRENT> 385,677
<APPREC-INCREASE-CURRENT> 970,852
<NET-CHANGE-FROM-OPS> 2,856,431
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 72,660
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 128,471
<NUMBER-OF-SHARES-REDEEMED> 21,999
<SHARES-REINVESTED> 3,521
<NET-CHANGE-IN-ASSETS> 2,057,266
<ACCUMULATED-NII-PRIOR> 32,712
<ACCUMULATED-GAINS-PRIOR> (506,675)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 142,208
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 211,995
<AVERAGE-NET-ASSETS> 3,166,015
<PER-SHARE-NAV-BEGIN> 12.25
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.29
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.54
<EXPENSE-RATIO> 1.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
