<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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070 I010500 N
070 I020500 N
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070 J020500 N
070 K010500 N
070 K020500 N
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070 L020500 N
070 M010500 Y
070 M020500 N
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070 O010500 N
070 O020500 N
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070 P020500 N
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070 R020500 N
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
047 000600 Y
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<PAGE> PAGE 25
070 N020600 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
028 A010800 2200
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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SIGNATURE PHILIP J. COLLORA
TITLE V.P. AND SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Target 2010 Fund Semiannual Report for the fiscal year ended 07/31/2000 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 001
<NAME> KEMPER TARGET 2010 FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
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<PERIOD-END> JAN-31-2000
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<INVESTMENTS-AT-VALUE> 72,419
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<ASSETS-OTHER> 5
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<TOTAL-LIABILITIES> 409
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,710
<SHARES-COMMON-STOCK> 7,485
<SHARES-COMMON-PRIOR> 9,495
<ACCUMULATED-NII-CURRENT> 65
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 79,307
<DIVIDEND-INCOME> 231
<INTEREST-INCOME> 1,566
<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 1,325
<REALIZED-GAINS-CURRENT> 11,607
<APPREC-INCREASE-CURRENT> (8,810)
<NET-CHANGE-FROM-OPS> 4,121
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,099)
<DISTRIBUTIONS-OF-GAINS> (3,826)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,044
<NUMBER-OF-SHARES-REDEEMED> (30,610)
<SHARES-REINVESTED> 6,651
<NET-CHANGE-IN-ASSETS> (24,718)
<ACCUMULATED-NII-PRIOR> 1,839
<ACCUMULATED-GAINS-PRIOR> 3,799
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 476
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<PER-SHARE-NAV-BEGIN> 10.96
<PER-SHARE-NII> 0.15
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<PER-SHARE-DIVIDEND> (0.36)
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<RETURNS-OF-CAPITAL> 0
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<EXPENSE-RATIO> 1.01
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Retirement Fund - Series II Semiannual Report for the fiscal year ended
07/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 002
<NAME> KEMPER RETIREMENT FUND - SERIES II
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 126,759
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<TOTAL-LIABILITIES> 593
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 121,564
<SHARES-COMMON-STOCK> 11,959
<SHARES-COMMON-PRIOR> 12,087
<ACCUMULATED-NII-CURRENT> 410
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,656
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,680
<NET-ASSETS> 148,320
<DIVIDEND-INCOME> 322
<INTEREST-INCOME> 3,018
<OTHER-INCOME> 0
<EXPENSES-NET> 752
<NET-INVESTMENT-INCOME> 2,588
<REALIZED-GAINS-CURRENT> 4,916
<APPREC-INCREASE-CURRENT> 1,241
<NET-CHANGE-FROM-OPS> 8,745
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,427)
<DISTRIBUTIONS-OF-GAINS> (4,740)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (11,683)
<SHARES-REINVESTED> 9,837
<NET-CHANGE-IN-ASSETS> (3,268)
<ACCUMULATED-NII-PRIOR> 3,249
<ACCUMULATED-GAINS-PRIOR> 4,490
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 380
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 756
<AVERAGE-NET-ASSETS> 150,511
<PER-SHARE-NAV-BEGIN> 12.54
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.54
<PER-SHARE-DIVIDEND> (0.48)
<PER-SHARE-DISTRIBUTIONS> (0.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.40
<EXPENSE-RATIO> 0.99
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary finacial information extracted from the Kemper
Retirement Fund - Series III Semiannual Report for the fiscal year ended
07/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 003
<NAME> KEMPER RETIREMENT FUND - SERIES III
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 97,332
<INVESTMENTS-AT-VALUE> 114,858
<RECEIVABLES> 402
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,270
<PAYABLE-FOR-SECURITIES> 151
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<TOTAL-LIABILITIES> 471
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,284
<SHARES-COMMON-STOCK> 10,847
<SHARES-COMMON-PRIOR> 10,978
<ACCUMULATED-NII-CURRENT> 573
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,416
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,526
<NET-ASSETS> 114,800
<DIVIDEND-INCOME> 263
<INTEREST-INCOME> 2,018
<OTHER-INCOME> 0
<EXPENSES-NET> 587
<NET-INVESTMENT-INCOME> 1,694
<REALIZED-GAINS-CURRENT> 3,447
<APPREC-INCREASE-CURRENT> 1,037
<NET-CHANGE-FROM-OPS> 6,178
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,145)
<DISTRIBUTIONS-OF-GAINS> (3,355)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (7,849)
<SHARES-REINVESTED> 6,341
<NET-CHANGE-IN-ASSETS> (1,829)
<ACCUMULATED-NII-PRIOR> 2,024
<ACCUMULATED-GAINS-PRIOR> 3,324
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 294
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 590
<AVERAGE-NET-ASSETS> 116,525
<PER-SHARE-NAV-BEGIN> 10.62
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.58
<EXPENSE-RATIO> 1.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Retirement Fund - Series IV Semiannual Report for the fiscal year ended
07/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 004
<NAME> KEMPER RETIREMENT FUND - SERIES IV
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 100,093
<INVESTMENTS-AT-VALUE> 113,940
<RECEIVABLES> 371
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114,314
<PAYABLE-FOR-SECURITIES> 151
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 437
<TOTAL-LIABILITIES> 588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,513
<SHARES-COMMON-STOCK> 10,741
<SHARES-COMMON-PRIOR> 11,208
<ACCUMULATED-NII-CURRENT> 244
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,122
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,847
<NET-ASSETS> 113,726
<DIVIDEND-INCOME> 250
<INTEREST-INCOME> 1,875
<OTHER-INCOME> 0
<EXPENSES-NET> 616
<NET-INVESTMENT-INCOME> 1,508
<REALIZED-GAINS-CURRENT> 3,997
<APPREC-INCREASE-CURRENT> (234)
<NET-CHANGE-FROM-OPS> 5,272
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,214)
<DISTRIBUTIONS-OF-GAINS> (4,045)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (12,280)
<SHARES-REINVESTED> 7,053
<NET-CHANGE-IN-ASSETS> (7,215)
<ACCUMULATED-NII-PRIOR> 1,950
<ACCUMULATED-GAINS-PRIOR> 3,170
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 298
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 619
<AVERAGE-NET-ASSETS> 118,093
<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.36
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> (0.39)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 1.03
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Retirement Fund - Series V Semiannual Report for the fiscal year ended
07/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 005
<NAME> KEMPER RETIREMENT FUND - SERIES V
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 98,352
<INVESTMENTS-AT-VALUE> 118,538
<RECEIVABLES> 456
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 119,001
<PAYABLE-FOR-SECURITIES> 151
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 379
<TOTAL-LIABILITIES> 530
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,717
<SHARES-COMMON-STOCK> 11,797
<SHARES-COMMON-PRIOR> 11,945
<ACCUMULATED-NII-CURRENT> 838
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,729
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,186
<NET-ASSETS> 118,470
<DIVIDEND-INCOME> 283
<INTEREST-INCOME> 1,989
<OTHER-INCOME> 0
<EXPENSES-NET> 635
<NET-INVESTMENT-INCOME> 1,647
<REALIZED-GAINS-CURRENT> 3,784
<APPREC-INCREASE-CURRENT> 191
<NET-CHANGE-FROM-OPS> 5,622
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,831)
<DISTRIBUTIONS-OF-GAINS> (4,302)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (8,589)
<SHARES-REINVESTED> 6,955
<NET-CHANGE-IN-ASSETS> (3,144)
<ACCUMULATED-NII-PRIOR> 2,022
<ACCUMULATED-GAINS-PRIOR> 4,247
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 304
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 638
<AVERAGE-NET-ASSETS> 120,442
<PER-SHARE-NAV-BEGIN> 10.18
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.35
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (0.38)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.04
<EXPENSE-RATIO> 1.05
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Retirement Fund - Series VI Semiannual Report for the fiscal year ended
07/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 006
<NAME> KEMPER RETIREMENT FUND - SERIES VI
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 56,943
<INVESTMENTS-AT-VALUE> 64,606
<RECEIVABLES> 225
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64,833
<PAYABLE-FOR-SECURITIES> 113
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 193
<TOTAL-LIABILITIES> 306
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,975
<SHARES-COMMON-STOCK> 5,840
<SHARES-COMMON-PRIOR> 6,016
<ACCUMULATED-NII-CURRENT> 122
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,767
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,633
<NET-ASSETS> 64,527
<DIVIDEND-INCOME> 136
<INTEREST-INCOME> 1,154
<OTHER-INCOME> 0
<EXPENSES-NET> 354
<NET-INVESTMENT-INCOME> 935
<REALIZED-GAINS-CURRENT> 1,790
<APPREC-INCREASE-CURRENT> (295)
<NET-CHANGE-FROM-OPS> (2,430)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,387)
<DISTRIBUTIONS-OF-GAINS> (1,953)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (5,309)
<SHARES-REINVESTED> 3,264
<NET-CHANGE-IN-ASSETS> (2,956)
<ACCUMULATED-NII-PRIOR> 574
<ACCUMULATED-GAINS-PRIOR> 1,931
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 167
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 359
<AVERAGE-NET-ASSETS> 66,397
<PER-SHARE-NAV-BEGIN> 11.22
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.27
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (0.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.05
<EXPENSE-RATIO> 1.06
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Retirement Fund - Series VII Semiannual Report for the fiscal year ended
07/31/2000 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 007
<NAME> KEMPER RETIREMENT FUND - SERIES 7
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 48,196
<INVESTMENTS-AT-VALUE> 49,322
<RECEIVABLES> 98
<ASSETS-OTHER> 10
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 49,430
<PAYABLE-FOR-SECURITIES> 76
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 349
<TOTAL-LIABILITIES> 424
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,166
<SHARES-COMMON-STOCK> 4,501
<SHARES-COMMON-PRIOR> 4,347
<ACCUMULATED-NII-CURRENT> 163
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 552
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,126
<NET-ASSETS> 49,006
<DIVIDEND-INCOME> 83
<INTEREST-INCOME> 952
<OTHER-INCOME> 0
<EXPENSES-NET> 286
<NET-INVESTMENT-INCOME> 748
<REALIZED-GAINS-CURRENT> 561
<APPREC-INCREASE-CURRENT> (201)
<NET-CHANGE-FROM-OPS> 1,108
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,324)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,023
<NUMBER-OF-SHARES-REDEEMED> (5,685)
<SHARES-REINVESTED> 1,293
<NET-CHANGE-IN-ASSETS> 1,415
<ACCUMULATED-NII-PRIOR> 739
<ACCUMULATED-GAINS-PRIOR> (9)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 127
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 288
<AVERAGE-NET-ASSETS> 50,260
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.89
<EXPENSE-RATIO> 1.13
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Worldwide 2004 Fund Semiannual Report for the fiscal year ended 07/31/2000 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 008
<NAME> KEMPER WORLDWIDE 2004 FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-1-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 24,028
<INVESTMENTS-AT-VALUE> 27,060
<RECEIVABLES> 30
<ASSETS-OTHER> 14
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27,104
<PAYABLE-FOR-SECURITIES> 76
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 166
<TOTAL-LIABILITIES> 242
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,623
<SHARES-COMMON-STOCK> 2,636
<SHARES-COMMON-PRIOR> 2,694
<ACCUMULATED-NII-CURRENT> 41
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,168
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,031
<NET-ASSETS> 26,862
<DIVIDEND-INCOME> 37
<INTEREST-INCOME> 581
<OTHER-INCOME> 0
<EXPENSES-NET> 181
<NET-INVESTMENT-INCOME> 437
<REALIZED-GAINS-CURRENT> 1,463
<APPREC-INCREASE-CURRENT> 661
<NET-CHANGE-FROM-OPS> 2,561
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (950)
<DISTRIBUTIONS-OF-GAINS> (1,876)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (3,569)
<SHARES-REINVESTED> 2,887
<NET-CHANGE-IN-ASSETS> (949)
<ACCUMULATED-NII-PRIOR> 554
<ACCUMULATED-GAINS-PRIOR> 1,581
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 83
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 182
<AVERAGE-NET-ASSETS> 27,396
<PER-SHARE-NAV-BEGIN> 10.32
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 0.86
<PER-SHARE-DIVIDEND> (0.39)
<PER-SHARE-DISTRIBUTIONS> (0.77)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.19
<EXPENSE-RATIO> 1.31
</TABLE>
