WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 57595948
<INVESTMENTS-AT-VALUE> 57106050
<RECEIVABLES> 1006502
<ASSETS-OTHER> 51941
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58164493
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 448435
<TOTAL-LIABILITIES> 448435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64682342
<SHARES-COMMON-STOCK> 2273164
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6435610)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (530674)
<NET-ASSETS> 19013644
<DIVIDEND-INCOME> 13891
<INTEREST-INCOME> 1861819
<OTHER-INCOME> 0
<EXPENSES-NET> 369275
<NET-INVESTMENT-INCOME> 399455
<REALIZED-GAINS-CURRENT> (370603)
<APPREC-INCREASE-CURRENT> 122098
<NET-CHANGE-FROM-OPS> 1257930
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 399455
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6089
<NUMBER-OF-SHARES-REDEEMED> 299281
<SHARES-REINVESTED> 25252
<NET-CHANGE-IN-ASSETS> (8098725)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 182804
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 467994
<AVERAGE-NET-ASSETS> 15376938
<PER-SHARE-NAV-BEGIN> 8.38
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> (.02)
<PER-SHARE-DIVIDEND> (.21)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.36
<EXPENSE-RATIO> .94<F1>
<FN>
<F1>Ratio is annualized
</FN>
</TABLE>
