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TITLE VICE PRESIDENT
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,266,184
<NET-ASSETS> 60,144,930
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,723,354
<OTHER-INCOME> 0
<EXPENSES-NET> 235,424
<NET-INVESTMENT-INCOME> 1,487,930
<REALIZED-GAINS-CURRENT> 460,111
<APPREC-INCREASE-CURRENT> (747,113)
<NET-CHANGE-FROM-OPS> 1,200,928
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 166,074
<DISTRIBUTIONS-OF-GAINS> 74,569
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 284,844
<NUMBER-OF-SHARES-REDEEMED> 107,463
<SHARES-REINVESTED> 9,426
<NET-CHANGE-IN-ASSETS> 1,948,171
<ACCUMULATED-NII-PRIOR> 15,483
<ACCUMULATED-GAINS-PRIOR> 116,757
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 149,171
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 347,873
<AVERAGE-NET-ASSETS> 7,658,292
<PER-SHARE-NAV-BEGIN> 12.62
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.45
<EXPENSE-RATIO> 1.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
