ENTERPRISE ACCUMULATION TRUST
NSAR-B, 1999-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/98
000 C000000 0000832359
000 D000000 N
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000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ENTERPRISE ACCUMULATION TRUST
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001 C000000 4042611116
002 A000000 3343 PEACHTREE STREET, NE, SUITE 450
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30326
003  000000 N
004  000000 N
005  000000 N
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007 B000000 10
007 C010100  1
007 C020100 EQUITY PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 SMALL COMPANY VALUE PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 MANAGED PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 NTERNATIONAL GROWTH PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 HIGH-YIELD BOND PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 GROWTH AND INCOME PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 SMALL COMPANY GROWTH PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 CAPITAL APPRECIATION PORTFOLIO
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007 C020900 EQUITY INCOME PORTFOLIO
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<PAGE>      PAGE  2
007 C031000 N
012 A00AA01 STATE STREET BANK AND TRUST
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012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 ATLANTA
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013 B03AA01 30309
014 A00AA01 MONY SECURITIES CORPORATION
014 B00AA01 8-0143088
014 A00AA02 ENTERPRISE FUNDS DISTRIBUTORS, INC.
014 B00AA02 8-0883
015 A00AA01 STATE STREET BANK & TRUST
015 B00AA01 C
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<PAGE>      PAGE  3
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022 A000003 FORD MOTOR CREDIT
022 B000003 38-1612444
022 C000003    743789
022 D000003      2497
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022 D000005      2794
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022 B000010 13-2969143
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<PAGE>      PAGE  4
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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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008 D030201 30326
008 A000202 GABELLI ASSET MANAGEMENT COMPANY
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<PAGE>      PAGE  10
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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008 A000401 ENTERPRISE CAPITAL MANAGEMENT, INC.
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008 A000402 BRINSON PARTNERS, INC.
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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<PAGE>      PAGE  42
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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SIGNATURE   CATHERINE R. MCCLELLAN                       
TITLE       SECRETARY           
 


<TABLE> <S> <C>

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<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 1
   <NAME> EQUITY
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 2
   <NAME> SMALL COMPANY VALUE PORTFOLIO
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 3
   <NAME> MANAGED PORTFOLIO
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 4
   <NAME> INTERNATIONAL GROWTH PORTFOLIO
       
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      10602018
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<DIVIDEND-INCOME>                              1757194
<INTEREST-INCOME>                               184133
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                         895906
<REALIZED-GAINS-CURRENT>                        862244
<APPREC-INCREASE-CURRENT>                      8976597
<NET-CHANGE-FROM-OPS>                         10734747
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (956997)
<DISTRIBUTIONS-OF-GAINS>                     (3458658)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       33682098
<NUMBER-OF-SHARES-REDEEMED>                 (30770132)
<SHARES-REINVESTED>                            4415655
<NET-CHANGE-IN-ASSETS>                        13464713
<ACCUMULATED-NII-PRIOR>                         956929
<ACCUMULATED-GAINS-PRIOR>                      2905112
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           730659
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<GROSS-EXPENSE>                                1045421
<AVERAGE-NET-ASSETS>                          85959830
<PER-SHARE-NAV-BEGIN>                             6.18
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                            .84
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                       (0.27)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.74
<EXPENSE-RATIO>                                   1.22
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 5
   <NAME> HIGH-YIELD BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                        103599260
<INVESTMENTS-AT-VALUE>                       100019120
<RECEIVABLES>                                  2058113
<ASSETS-OTHER>                                    5483
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               102082716
<PAYABLE-FOR-SECURITIES>                        129076
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        88686
<TOTAL-LIABILITIES>                             217762
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                         18966191
<SHARES-COMMON-PRIOR>                         11966911
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1071310
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (3580140)
<NET-ASSETS>                                 101864954
<DIVIDEND-INCOME>                                22500
<INTEREST-INCOME>                              7650948
<OTHER-INCOME>                                   64542
<EXPENSES-NET>                                  624130
<NET-INVESTMENT-INCOME>                        7113860
<REALIZED-GAINS-CURRENT>                       1083292
<APPREC-INCREASE-CURRENT>                    (5550240)
<NET-CHANGE-FROM-OPS>                          2646912
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (7113860)
<DISTRIBUTIONS-OF-GAINS>                     (1380937)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       53781245
<NUMBER-OF-SHARES-REDEEMED>                 (22927376)
<SHARES-REINVESTED>                            8494797
<NET-CHANGE-IN-ASSETS>                        33500781
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1368953
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                 624130
<AVERAGE-NET-ASSETS>                          86825107
<PER-SHARE-NAV-BEGIN>                             5.71
<PER-SHARE-NII>                                   0.46
<PER-SHARE-GAIN-APPREC>                         (0.26)
<PER-SHARE-DIVIDEND>                            (0.46)
<PER-SHARE-DISTRIBUTIONS>                       (0.08)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.37
<EXPENSE-RATIO>                                   0.72
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 6
   <NAME> GROWTH AND INCOME PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   1-MO
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                           339173
<INVESTMENTS-AT-VALUE>                          350543
<RECEIVABLES>                                    45731
<ASSETS-OTHER>                                  196943
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  593217
<PAYABLE-FOR-SECURITIES>                         44443
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        11286
<TOTAL-LIABILITIES>                              55729
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        525897
<SHARES-COMMON-STOCK>                           105213
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            222
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         11369
<NET-ASSETS>                                    537488
<DIVIDEND-INCOME>                                  154
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     270
<NET-INVESTMENT-INCOME>                          (116)
<REALIZED-GAINS-CURRENT>                           338
<APPREC-INCREASE-CURRENT>                        11369
<NET-CHANGE-FROM-OPS>                            11591
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         525993
<NUMBER-OF-SHARES-REDEEMED>                       (96)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          537488
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15620
<AVERAGE-NET-ASSETS>                            313204
<PER-SHARE-NAV-BEGIN>                             5.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.11
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               5.11
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 7
   <NAME> SMALL COMPANY GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   1-MO
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                           337932
<INVESTMENTS-AT-VALUE>                          371183
<RECEIVABLES>                                    44352
<ASSETS-OTHER>                                  101539
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  517074
<PAYABLE-FOR-SECURITIES>                         36839
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        11351
<TOTAL-LIABILITIES>                              48190
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        436486
<SHARES-COMMON-STOCK>                            85863
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (853)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         33251
<NET-ASSETS>                                    468884
<DIVIDEND-INCOME>                                   35
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     362
<NET-INVESTMENT-INCOME>                          (327)
<REALIZED-GAINS-CURRENT>                         (853)
<APPREC-INCREASE-CURRENT>                        33251
<NET-CHANGE-FROM-OPS>                            32071
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         436953
<NUMBER-OF-SHARES-REDEEMED>                      (140)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          468884
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              259
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15686
<AVERAGE-NET-ASSETS>                            314547
<PER-SHARE-NAV-BEGIN>                             5.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.46
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               5.46
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 8
   <NAME> CAPITAL APPRECIATION PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   1-MO
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                           271310
<INVESTMENTS-AT-VALUE>                          309478
<RECEIVABLES>                                    32353
<ASSETS-OTHER>                                  223161
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  564992
<PAYABLE-FOR-SECURITIES>                         42459
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        11277
<TOTAL-LIABILITIES>                              53736
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        473316
<SHARES-COMMON-STOCK>                            91747
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (228)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         38168
<NET-ASSETS>                                    511256
<DIVIDEND-INCOME>                                   85
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     319
<NET-INVESTMENT-INCOME>                          (234)
<REALIZED-GAINS-CURRENT>                         (227)
<APPREC-INCREASE-CURRENT>                        38168
<NET-CHANGE-FROM-OPS>                            37707
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         473649
<NUMBER-OF-SHARES-REDEEMED>                      (100)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          511256
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              184
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15611
<AVERAGE-NET-ASSETS>                            298143
<PER-SHARE-NAV-BEGIN>                             5.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.57
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               5.57
<EXPENSE-RATIO>                                   1.30
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 9
   <NAME> EQUITY INCOME PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   1-MO
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                           363884
<INVESTMENTS-AT-VALUE>                          370256
<RECEIVABLES>                                    53951
<ASSETS-OTHER>                                  192435
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  616642
<PAYABLE-FOR-SECURITIES>                        140419
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        11269
<TOTAL-LIABILITIES>                             151688
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        458455
<SHARES-COMMON-STOCK>                            91297
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          127
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          6372
<NET-ASSETS>                                    464954
<DIVIDEND-INCOME>                                  373
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     246
<NET-INVESTMENT-INCOME>                            127
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                         6372
<NET-CHANGE-FROM-OPS>                             6499
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         458517
<NUMBER-OF-SHARES-REDEEMED>                       (62)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          464954
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              176
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15603
<AVERAGE-NET-ASSETS>                            284756
<PER-SHARE-NAV-BEGIN>                             5.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.09
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               5.09
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832359
<NAME> ENTERPRISE ACCUMULATION TRUST
<SERIES>
   <NUMBER> 10
   <NAME> GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   1-MO
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                          1380534
<INVESTMENTS-AT-VALUE>                         1428708
<RECEIVABLES>                                   196804
<ASSETS-OTHER>                                  779759
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 2405271
<PAYABLE-FOR-SECURITIES>                        450252
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        11564
<TOTAL-LIABILITIES>                             461816
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1895379
<SHARES-COMMON-STOCK>                           369068
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (98)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         48174
<NET-ASSETS>                                   1943455
<DIVIDEND-INCOME>                                  453
<INTEREST-INCOME>                                  110
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     722
<NET-INVESTMENT-INCOME>                          (159)
<REALIZED-GAINS-CURRENT>                          (98)
<APPREC-INCREASE-CURRENT>                        48174
<NET-CHANGE-FROM-OPS>                            47917
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1906210
<NUMBER-OF-SHARES-REDEEMED>                    (10672)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         1943455
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              471
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15898
<AVERAGE-NET-ASSETS>                            763641
<PER-SHARE-NAV-BEGIN>                             5.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.27
<PER-SHARE-DIVIDEND>                              0.00
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<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               5.27
<EXPENSE-RATIO>                                   1.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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