WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 32,858,608
<INVESTMENTS-AT-VALUE> 30,077,218
<RECEIVABLES> 821,812
<ASSETS-OTHER> 1,993
<OTHER-ITEMS-ASSETS> 10,000
<TOTAL-ASSETS> 30,911,023
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67,439
<TOTAL-LIABILITIES> 67,439
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42,837,865
<SHARES-COMMON-STOCK> 3,597,334
<SHARES-COMMON-PRIOR> 4,167,379
<ACCUMULATED-NII-CURRENT> 11,204
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,224,095)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,781,390)
<NET-ASSETS> 30,843,584
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,621,790
<OTHER-INCOME> 0
<EXPENSES-NET> (591,342)
<NET-INVESTMENT-INCOME> 3,030,448
<REALIZED-GAINS-CURRENT> (5,797,722)
<APPREC-INCREASE-CURRENT> 1,594,152
<NET-CHANGE-FROM-OPS> (1,173,122)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,461,676)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 598,747
<NUMBER-OF-SHARES-REDEEMED> (1,392,164)
<SHARES-REINVESTED> 223,372
<NET-CHANGE-IN-ASSETS> (9,468,461)
<ACCUMULATED-NII-PRIOR> (103,220)
<ACCUMULATED-GAINS-PRIOR> (3,613,131)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 213,800
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 591,342
<AVERAGE-NET-ASSETS> 35,586,913
<PER-SHARE-NAV-BEGIN> 7.21
<PER-SHARE-NII> .60
<PER-SHARE-GAIN-APPREC> (.81)
<PER-SHARE-DIVIDEND> (.57)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.36
<EXPENSE-RATIO> 1.44
</TABLE>
