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<PAGE> PAGE 2
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<PAGE> PAGE 7
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SIGNATURE MICHAEL QUAIN
TITLE PRESIDENT & CFO
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from The European Warrant Fund
from form N-SAR for the period ended September 30, 199
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> The European Warrant Fund
<S> <C>
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<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> SEP-30-1999
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<INVESTMENTS-AT-VALUE> 229,520,701
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<TOTAL-ASSETS> 233,792,571
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<TOTAL-LIABILITIES> 10,415,779
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</TABLE>
