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SIGNATURE ARTHUR S. FILEAN
TITLE V. PRES. & SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 80,062,491
<INVESTMENTS-AT-VALUE> 80,062,491
<RECEIVABLES> 1,031,530
<ASSETS-OTHER> 2730
<OTHER-ITEMS-ASSETS> 13094
<TOTAL-ASSETS> 81109845
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1374212
<TOTAL-LIABILITIES> 1374212
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79735633
<SHARES-COMMON-STOCK> 79735633
<SHARES-COMMON-PRIOR> 79222915
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 79735633
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2291524
<OTHER-INCOME> 0
<EXPENSES-NET> 558091
<NET-INVESTMENT-INCOME> 1733433
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1733433
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,733,433)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 266,977,052
<NUMBER-OF-SHARES-REDEEMED> (268,153,427)
<SHARES-REINVESTED> 1,689,093
<NET-CHANGE-IN-ASSETS> 512,718
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 406,047
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 708,606
<AVERAGE-NET-ASSETS> 83,293,078
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .021
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.021)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>WITHOUT THE MANAGER'S VOLUNTEER WAIVER OF A PORTION OF CERTAIN EXPENSES
FOR THIS PERIOD, THIS FUND WOULD HAVE HAD PER SHARE NET INVESTMENT INCOME
OF $.019 AND A RATIO OF EXPENSES TO AVERAGE NET ASSETS OF .85%. THE AMOUNT
WAIVED WAS $150,515.
</FN>
</TABLE>
