<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, 200
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> The European Warrant Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 200,417,537
<INVESTMENTS-AT-VALUE> 232,578,392
<RECEIVABLES> 751,106
<ASSETS-OTHER> 11,522,634
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 244,852,132
<PAYABLE-FOR-SECURITIES> 3,071,663
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,356,347
<TOTAL-LIABILITIES> 14,428,010
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 165,771,223
<SHARES-COMMON-STOCK> 13,337,093
<SHARES-COMMON-PRIOR> 13,337,093
<ACCUMULATED-NII-CURRENT> (1,378,909)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,285,392
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,746,416
<NET-ASSETS> 230,424,122
<DIVIDEND-INCOME> 99,173
<INTEREST-INCOME> 713,522
<OTHER-INCOME> 0
<EXPENSES-NET> 1,962,362
<NET-INVESTMENT-INCOME> (1,149,667)
<REALIZED-GAINS-CURRENT> 13,947,966
<APPREC-INCREASE-CURRENT> (89,112,343)
<NET-CHANGE-FROM-OPS> (76,314,044)
<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> (76,314,044)
<ACCUMULATED-NII-PRIOR> (1,403,720)
<ACCUMULATED-GAINS-PRIOR> 44,531,721
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,665,474
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,451,260
<AVERAGE-NET-ASSETS> 264,525,456
<PER-SHARE-NAV-BEGIN> 23.00
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (5.63)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.28
<EXPENSE-RATIO> 1.48
</TABLE>
