JAPAN OTC EQUITY FUND INC
NSAR-A, EX-27, 2000-10-30
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<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-28-2001
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                        197832598
<INVESTMENTS-AT-VALUE>                       201501396
<RECEIVABLES>                                  1816918
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                               203318314
<PAYABLE-FOR-SECURITIES>                       2180647
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       272454
<TOTAL-LIABILITIES>                            2453101
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     171035789
<SHARES-COMMON-STOCK>                          1584638
<SHARES-COMMON-PRIOR>                          1584638
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (800941)
<ACCUMULATED-NET-GAINS>                       25375992
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<ACCUM-APPREC-OR-DEPREC>                       3669735
<NET-ASSETS>                                 200865213
<DIVIDEND-INCOME>                               623119
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1373859)
<NET-INVESTMENT-INCOME>                       (709744)
<REALIZED-GAINS-CURRENT>                      37812127
<APPREC-INCREASE-CURRENT>                   (96003642)
<NET-CHANGE-FROM-OPS>                       (58191515)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      (58901259)
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<GROSS-ADVISORY-FEES>                          1034669
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<EXPENSE-RATIO>                                   0.45


</TABLE>


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