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<PAGE> PAGE 22
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SIGNATURE ALEX BOGOENKO
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Money Market Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 9,192,411
<INVESTMENTS-AT-VALUE> 9,192,411
<RECEIVABLES> 27,312
<ASSETS-OTHER> 239,663
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,459,386
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 51,980
<TOTAL-LIABILITIES> 51,980
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<PAID-IN-CAPITAL-COMMON> 9,408,413
<SHARES-COMMON-STOCK> 9,408,416
<SHARES-COMMON-PRIOR> 8,854,862
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,007
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 9,407,406
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 473,466
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<EXPENSES-NET> 45,032
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<REALIZED-GAINS-CURRENT> (164)
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<DISTRIBUTIONS-OF-INCOME> 428,434
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<NUMBER-OF-SHARES-SOLD> 12,985,547
<NUMBER-OF-SHARES-REDEEMED> 12,852,215
<SHARES-REINVESTED> 420,222
<NET-CHANGE-IN-ASSETS> 553,390
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<OVERDIST-NET-GAINS-PRIOR> 843
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<GROSS-EXPENSE> 133,624
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Government Securities Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 30,486,916
<INVESTMENTS-AT-VALUE> 31,095,312
<RECEIVABLES> 450,711
<ASSETS-OTHER> 240,999
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31,787,022
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48,032
<TOTAL-LIABILITIES> 48,032
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,543,263
<SHARES-COMMON-STOCK> 2,933,808
<SHARES-COMMON-PRIOR> 1,222,744
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 412,669
<ACCUM-APPREC-OR-DEPREC> 608,396
<NET-ASSETS> 31,738,990
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,108,024
<OTHER-INCOME> 0
<EXPENSES-NET> 163,527
<NET-INVESTMENT-INCOME> 944,497
<REALIZED-GAINS-CURRENT> 7,015
<APPREC-INCREASE-CURRENT> 569,084
<NET-CHANGE-FROM-OPS> 576,099
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<DISTRIBUTIONS-OF-INCOME> 944,497
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,006,126
<NUMBER-OF-SHARES-REDEEMED> 373,997
<SHARES-REINVESTED> 78,935
<NET-CHANGE-IN-ASSETS> 18,920,540
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 419,684
<GROSS-ADVISORY-FEES> 32,706
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<GROSS-EXPENSE> 253,499
<AVERAGE-NET-ASSETS> 16,353,000
<PER-SHARE-NAV-BEGIN> 10.48
<PER-SHARE-NII> 0.62
<PER-SHARE-GAIN-APPREC> 0.34
<PER-SHARE-DIVIDEND> 0.62
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<PER-SHARE-NAV-END> 10.82
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Total Return
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 39,823,179
<INVESTMENTS-AT-VALUE> 49,183,270
<RECEIVABLES> 369,843
<ASSETS-OTHER> 2,386,533
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<TOTAL-ASSETS> 51,939,646
<PAYABLE-FOR-SECURITIES> 1,920,160
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<OTHER-ITEMS-LIABILITIES> 85,851
<TOTAL-LIABILITIES> 2,006,011
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,585,602
<SHARES-COMMON-STOCK> 2,470,042
<SHARES-COMMON-PRIOR> 1,784,176
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 4,588
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 7,470
<ACCUM-APPREC-OR-DEPREC> 9,360,091
<NET-ASSETS> 49,933,635
<DIVIDEND-INCOME> 466,762
<INTEREST-INCOME> 672,658
<OTHER-INCOME> 0
<EXPENSES-NET> 449,944
<NET-INVESTMENT-INCOME> 689,476
<REALIZED-GAINS-CURRENT> 2,025,968
<APPREC-INCREASE-CURRENT> 4,260,078
<NET-CHANGE-FROM-OPS> 6,975,522
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 700,327
<DISTRIBUTIONS-OF-GAINS> 2,208,188
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<NUMBER-OF-SHARES-SOLD> 971,037
<NUMBER-OF-SHARES-REDEEMED> 430,994
<SHARES-REINVESTED> 145,823
<NET-CHANGE-IN-ASSETS> 18,869,536
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 181,013
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71,991
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 543,874
<AVERAGE-NET-ASSETS> 35,995,530
<PER-SHARE-NAV-BEGIN> 17.41
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> 3.78
<PER-SHARE-DIVIDEND> 0.37
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.97
<PER-SHARE-NAV-END> 20.22
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Tax-Exempt Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 29,102,434
<INVESTMENTS-AT-VALUE> 30,582,839
<RECEIVABLES> 438,862
<ASSETS-OTHER> 312,025
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31,333,726
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 45,233
<TOTAL-LIABILITIES> 45,233
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,818,764
<SHARES-COMMON-STOCK> 2,490,289
<SHARES-COMMON-PRIOR> 1,239,556
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 10,660
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 16
<ACCUM-APPREC-OR-DEPREC> 1,480,405
<NET-ASSETS> 31,288,493
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 999,445
<OTHER-INCOME> 0
<EXPENSES-NET> 174,256
<NET-INVESTMENT-INCOME> 825,189
<REALIZED-GAINS-CURRENT> 88,323
<APPREC-INCREASE-CURRENT> 731,502
<NET-CHANGE-FROM-OPS> 1,645,014
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 825,189
<DISTRIBUTIONS-OF-GAINS> 98,961
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,618,059
<NUMBER-OF-SHARES-REDEEMED> 441,704
<SHARES-REINVESTED> 74,378
<NET-CHANGE-IN-ASSETS> 16,227,111
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 748,903
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 37
<GROSS-ADVISORY-FEES> 34,851
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 271,124
<AVERAGE-NET-ASSETS> 17,425,580
<PER-SHARE-NAV-BEGIN> 12.15
<PER-SHARE-NII> 0.58
<PER-SHARE-GAIN-APPREC> 0.45
<PER-SHARE-DIVIDEND> 0.58
<PER-SHARE-DISTRIBUTIONS> 0.04
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.56
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Growth & Income Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 52,984,534
<INVESTMENTS-AT-VALUE> 67,464,259
<RECEIVABLES> 107,496
<ASSETS-OTHER> 2,500,548
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 70,072,303
<PAYABLE-FOR-SECURITIES> 2,327,425
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<OTHER-ITEMS-LIABILITIES> 982,558
<TOTAL-LIABILITIES> 3,309,983
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<PAID-IN-CAPITAL-COMMON> 52,293,114
<SHARES-COMMON-STOCK> 2,718,500
<SHARES-COMMON-PRIOR> 1,914,289
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 5,904
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,615
<ACCUM-APPREC-OR-DEPREC> 14,479,725
<NET-ASSETS> 66,762,320
<DIVIDEND-INCOME> 841,356
<INTEREST-INCOME> 34,235
<OTHER-INCOME> 0
<EXPENSES-NET> 628,972
<NET-INVESTMENT-INCOME> 246,619
<REALIZED-GAINS-CURRENT> 3,953,219
<APPREC-INCREASE-CURRENT> 6,037,252
<NET-CHANGE-FROM-OPS> 10,237,090
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 258,304
<DISTRIBUTIONS-OF-GAINS> 4,401,950
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,017,154
<NUMBER-OF-SHARES-REDEEMED> 401,518
<SHARES-REINVESTED> 188,575
<NET-CHANGE-IN-ASSETS> 26,480,471
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 449,897
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100,635
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 748,803
<AVERAGE-NET-ASSETS> 50,317,315
<PER-SHARE-NAV-BEGIN> 21.04
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 5.29
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 1.76
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<PER-SHARE-NAV-END> 24.56
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> Capital Appreciation
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 39,217,304
<INVESTMENTS-AT-VALUE> 39,963,176
<RECEIVABLES> 805,204
<ASSETS-OTHER> 941,533
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,709,913
<PAYABLE-FOR-SECURITIES> 165,336
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,496
<TOTAL-LIABILITIES> 227,832
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,741,423
<SHARES-COMMON-STOCK> 2,661,350
<SHARES-COMMON-PRIOR> 495,668
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 82
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,132
<ACCUM-APPREC-OR-DEPREC> 745,872
<NET-ASSETS> 41,482,081
<DIVIDEND-INCOME> 181,626
<INTEREST-INCOME> 26,675
<OTHER-INCOME> 0
<EXPENSES-NET> 195,844
<NET-INVESTMENT-INCOME> 12,457
<REALIZED-GAINS-CURRENT> 2,023,906
<APPREC-INCREASE-CURRENT> (118,155)
<NET-CHANGE-FROM-OPS> 1,918,208
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 25,300
<DISTRIBUTIONS-OF-GAINS> 2,129,529
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,137,853
<NUMBER-OF-SHARES-REDEEMED> 111,756
<SHARES-REINVESTED> 139,585
<NET-CHANGE-IN-ASSETS> 35,041,510
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 105,557
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 31,335
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 237,723
<AVERAGE-NET-ASSETS> 15,667,550
<PER-SHARE-NAV-BEGIN> 12.99
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 3.57
<PER-SHARE-DIVIDEND> 0.01
<PER-SHARE-DISTRIBUTIONS> 0.97
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.59
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Global Income Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 49,731,200
<INVESTMENTS-AT-VALUE> 49,398,837
<RECEIVABLES> 1,139,430
<ASSETS-OTHER> 1,596,536
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 52,134,803
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47,236
<TOTAL-LIABILITIES> 47,236
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52,555,384
<SHARES-COMMON-STOCK> 5,404,248
<SHARES-COMMON-PRIOR> 1,193,895
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 118,123
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 150,670
<ACCUM-APPREC-OR-DEPREC> (199,024)
<NET-ASSETS> 52,087,567
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<INTEREST-INCOME> 872,782
<OTHER-INCOME> 0
<EXPENSES-NET> 197,424
<NET-INVESTMENT-INCOME> 675,358
<REALIZED-GAINS-CURRENT> 8,476
<APPREC-INCREASE-CURRENT> (538,981)
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<DISTRIBUTIONS-OF-INCOME> 548,912
<DISTRIBUTIONS-OF-GAINS> 401,993
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<NUMBER-OF-SHARES-SOLD> 4,153,429
<NUMBER-OF-SHARES-REDEEMED> 53,640
<SHARES-REINVESTED> 110,564
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<ACCUMULATED-NII-PRIOR> 969
<ACCUMULATED-GAINS-PRIOR> 10,017
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 228,516
<AVERAGE-NET-ASSETS> 14,624,015
<PER-SHARE-NAV-BEGIN> 10.24
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<PER-SHARE-NAV-END> 9.64
<EXPENSE-RATIO> 1.35
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
