WRIGHT EQUIFUND EQUITY TRUST
NSAR-B, 1998-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 853255
000 D000000 N
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000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 THE WRIGHT EQUIFUND EQUITY TRUST
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001 C000000 6174828260
002 A000000 24 FEDERAL STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
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004  000000 N
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006  000000 N
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007 C020100 WRIGHT EQUIFUND - NETHERLANDS
007 C030100 N
007 C010200  2
007 C020200 WRIGHT EQUIFUND - HONG KONG/CHINA
007 C030200 N
007 C010300  3
007 C020300 WRIGHT EQUIFUND - BELGIUM/LUXEMBOURG
007 C030300 N
007 C010400  4
007 C020400 WRIGHT EQUIFUND - JAPAN
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007 C010500  5
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007 C010600  6
007 C020600 WRIGHT EQUIFUND - SWITZERLAND
007 C030600 N
007 C010700  7
007 C020700 WRIGHT EQUIFUND - MEXICO
007 C030700 N
007 C010800  8
007 C020800 WRIGHT EQUIFUND - BRITAIN
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007 C020900 WRIGHT EQUIFUND - GERMANY
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007 C021000 WRIGHT EQUIFUND - ITALIAN
<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  5
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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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<PAGE>      PAGE  10
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<PAGE>      PAGE  12
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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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<PAGE>      PAGE  19
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<PAGE>      PAGE  21
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<PAGE>      PAGE  24
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SIGNATURE   WILLIAM J. AUSTIN, JR.                       
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 1
   <NAME> WRIGHT EQUIFUND - NETHERLANDS
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 2
   <NAME> WRIGHT EQUIFUND -HONG KONG/CHINA
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 3
   <NAME> WRIGHT EQUIFUND - BELGIUM/LUXEMBOURG
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 4
   <NAME> WRIGHT EQUIFUND - JAPAN
       
<S>                             <C>
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     7,337,509
<SHARES-COMMON-STOCK>                          556,407
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (30,081)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,183,635)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (316,635)
<NET-ASSETS>                                 3,807,158
<DIVIDEND-INCOME>                               74,118
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                (11,118)
<EXPENSES-NET>                                 194,348
<NET-INVESTMENT-INCOME>                      (131,348)
<REALIZED-GAINS-CURRENT>                   (1,503,496)
<APPREC-INCREASE-CURRENT>                    1,219,790
<NET-CHANGE-FROM-OPS>                        (415,054)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,111,367
<NUMBER-OF-SHARES-REDEEMED>                  3,689,979
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (13,233,781)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           79,721
<INTEREST-EXPENSE>                               5,095
<GROSS-EXPENSE>                                227,175
<AVERAGE-NET-ASSETS>                        10,589,778
<PER-SHARE-NAV-BEGIN>                             7.98
<PER-SHARE-NII>                                (0.100)
<PER-SHARE-GAIN-APPREC>                        (1.040)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.84
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 5
   <NAME> WRIGHT EQUIFUND - NORDIC
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        2,443,912
<INVESTMENTS-AT-VALUE>                       2,741,442
<RECEIVABLES>                                   13,027
<ASSETS-OTHER>                                   2,091
<OTHER-ITEMS-ASSETS>                               450
<TOTAL-ASSETS>                               2,757,010
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      116,620
<TOTAL-LIABILITIES>                            116,620
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,282,644
<SHARES-COMMON-STOCK>                          208,240
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       29,325
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         30,889
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       297,532
<NET-ASSETS>                                 2,640,390
<DIVIDEND-INCOME>                               64,000
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 (9,741)
<EXPENSES-NET>                                  89,412
<NET-INVESTMENT-INCOME>                       (35,153)
<REALIZED-GAINS-CURRENT>                     1,059,282
<APPREC-INCREASE-CURRENT>                    (859,661)
<NET-CHANGE-FROM-OPS>                          164,468
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       708,452
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        256,463
<NUMBER-OF-SHARES-REDEEMED>                    575,229
<SHARES-REINVESTED>                             51,150
<NET-CHANGE-IN-ASSETS>                     (4,390,586)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           33,550
<INTEREST-EXPENSE>                                 500
<GROSS-EXPENSE>                                140,666
<AVERAGE-NET-ASSETS>                         4,461,495
<PER-SHARE-NAV-BEGIN>                            14.78
<PER-SHARE-NII>                                (0.120)
<PER-SHARE-GAIN-APPREC>                          0.850
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                      (2.830)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.68
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 6
   <NAME> WRIGHT EQUIFUND - SWITZERLAND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        1,389,135
<INVESTMENTS-AT-VALUE>                       1,498,328
<RECEIVABLES>                                   59,210
<ASSETS-OTHER>                                   2,414
<OTHER-ITEMS-ASSETS>                               719
<TOTAL-ASSETS>                               1,564,899
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      287,436
<TOTAL-LIABILITIES>                            287,436
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,144,430
<SHARES-COMMON-STOCK>                          106,586
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      (7,890)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         34,834
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       106,089
<NET-ASSETS>                                 1,277,463
<DIVIDEND-INCOME>                               49,947
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 (5,473)
<EXPENSES-NET>                                  60,951
<NET-INVESTMENT-INCOME>                       (16,477)
<REALIZED-GAINS-CURRENT>                       743,525
<APPREC-INCREASE-CURRENT>                    (102,778)
<NET-CHANGE-FROM-OPS>                          624,270
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       222,424
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        374,115
<NUMBER-OF-SHARES-REDEEMED>                    849,253
<SHARES-REINVESTED>                             18,525
<NET-CHANGE-IN-ASSETS>                     (4,831,040)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           22,863
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                112,213
<AVERAGE-NET-ASSETS>                         3,035,262
<PER-SHARE-NAV-BEGIN>                            10.85
<PER-SHARE-NII>                                (0.063)
<PER-SHARE-GAIN-APPREC>                          2.473
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                      (1.270)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.99
<EXPENSE-RATIO>                                   2.28
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 7
   <NAME> WRIGHT EQUIFUND - MEXICO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       19,636,108
<INVESTMENTS-AT-VALUE>                      27,109,617
<RECEIVABLES>                                  277,131
<ASSETS-OTHER>                                   5,547
<OTHER-ITEMS-ASSETS>                         1,087,571
<TOTAL-ASSETS>                              28,479,866
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       11,741
<TOTAL-LIABILITIES>                             11,741
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    24,001,833
<SHARES-COMMON-STOCK>                        3,714,425
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (66,226)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (2,940,991)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,473,509
<NET-ASSETS>                                28,468,125
<DIVIDEND-INCOME>                              423,559
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 442,825
<NET-INVESTMENT-INCOME>                       (19,266)
<REALIZED-GAINS-CURRENT>                     2,649,772
<APPREC-INCREASE-CURRENT>                    5,057,394
<NET-CHANGE-FROM-OPS>                        7,687,900
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,149,107
<NUMBER-OF-SHARES-REDEEMED>                (7,528,473)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       6,440,461
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          229,596
<INTEREST-EXPENSE>                              13,368
<GROSS-EXPENSE>                                492,255
<AVERAGE-NET-ASSETS>                        30,629,089
<PER-SHARE-NAV-BEGIN>                             5.38
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           2.28
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.66
<EXPENSE-RATIO>                                   1.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 8
   <NAME> WRIGHT EQUIFUND - BRITAIN
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                          611,209
<INVESTMENTS-AT-VALUE>                         701,424
<RECEIVABLES>                                   34,828
<ASSETS-OTHER>                                   6,400
<OTHER-ITEMS-ASSETS>                            61,204
<TOTAL-ASSETS>                                 803,856
<PAYABLE-FOR-SECURITIES>                        60,549
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       48,090
<TOTAL-LIABILITIES>                            108,639
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       781,918
<SHARES-COMMON-STOCK>                           77,470
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    (176,099)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (959)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        90,357
<NET-ASSETS>                                   695,217
<DIVIDEND-INCOME>                               38,243
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 (5,836)
<EXPENSES-NET>                                  27,675
<NET-INVESTMENT-INCOME>                          4,732
<REALIZED-GAINS-CURRENT>                       601,884
<APPREC-INCREASE-CURRENT>                    (597,720)
<NET-CHANGE-FROM-OPS>                            8,896
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       102,882
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        112,883
<NUMBER-OF-SHARES-REDEEMED>                    465,358
<SHARES-REINVESTED>                             10,757
<NET-CHANGE-IN-ASSETS>                     (3,113,508)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           10,263
<INTEREST-EXPENSE>                                 380
<GROSS-EXPENSE>                                 87,375
<AVERAGE-NET-ASSETS>                         1,359,831
<PER-SHARE-NAV-BEGIN>                             9.09
<PER-SHARE-NII>                                  0.032
<PER-SHARE-GAIN-APPREC>                          1.158
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                      (1.310)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.97
<EXPENSE-RATIO>                                   2.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 9
   <NAME> WRIGHT EQUIFUND - GERMANY
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        1,094,742
<INVESTMENTS-AT-VALUE>                       1,364,822
<RECEIVABLES>                                   37,973
<ASSETS-OTHER>                                   6,390
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,409,185
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       14,160
<TOTAL-LIABILITIES>                             14,160
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,139,914
<SHARES-COMMON-STOCK>                          119,402
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      (5,759)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (8,771)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       269,641
<NET-ASSETS>                                 1,395,025
<DIVIDEND-INCOME>                               72,477
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 (7,248)
<EXPENSES-NET>                                 147,166
<NET-INVESTMENT-INCOME>                       (81,937)
<REALIZED-GAINS-CURRENT>                     2,869,651
<APPREC-INCREASE-CURRENT>                  (2,023,600)
<NET-CHANGE-FROM-OPS>                          764,114
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,125,044
<NUMBER-OF-SHARES-REDEEMED>                    726,070
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (21,742,606)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           55,204
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                (7,248)
<AVERAGE-NET-ASSETS>                         7,294,969
<PER-SHARE-NAV-BEGIN>                            10.63
<PER-SHARE-NII>                                (0.118)
<PER-SHARE-GAIN-APPREC>                          1.168
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.68
<EXPENSE-RATIO>                                   2.28
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> THE WRIGHT EQUIFUND EQUITY TRUST
<SERIES>
   <NUMBER> 10
   <NAME> WRIGHT EQUIFUND - ITALIAN
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                          448,418
<INVESTMENTS-AT-VALUE>                         519,129
<RECEIVABLES>                                   19,235
<ASSETS-OTHER>                                  13,277
<OTHER-ITEMS-ASSETS>                             7,943
<TOTAL-ASSETS>                                 559,584
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        8,698
<TOTAL-LIABILITIES>                              8,698
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       462,822
<SHARES-COMMON-STOCK>                           49,931
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        1,397
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         14,957
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        70,710
<NET-ASSETS>                                   550,886
<DIVIDEND-INCOME>                               32,695
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                 (4,787)
<EXPENSES-NET>                                  68,103
<NET-INVESTMENT-INCOME>                       (40,195)
<REALIZED-GAINS-CURRENT>                     1,051,828
<APPREC-INCREASE-CURRENT>                    (837,320)
<NET-CHANGE-FROM-OPS>                          174,313
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        73,278
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         65,094
<NUMBER-OF-SHARES-REDEEMED>                  1,039,464
<SHARES-REINVESTED>                              6,509
<NET-CHANGE-IN-ASSETS>                    (10,311,525)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           25,549
<INTEREST-EXPENSE>                                 721
<GROSS-EXPENSE>                                 98,401
<AVERAGE-NET-ASSETS>                         3,378,075
<PER-SHARE-NAV-BEGIN>                            10.67
<PER-SHARE-NII>                                (0.126)
<PER-SHARE-GAIN-APPREC>                          2.156
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                      (1.670)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.03
<EXPENSE-RATIO>                                   2.34
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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