<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 March 31, 2000
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> 12-MOS
<FISCAL-YEAR-END> Mar-31-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 192742414
<INVESTMENTS-AT-VALUE> 314680494
<RECEIVABLES> 384349
<ASSETS-OTHER> 5930202
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 320995045
<PAYABLE-FOR-SECURITIES> 301597
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13955282
<TOTAL-LIABILITIES> 14256879
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 165771223
<SHARES-COMMON-STOCK> 13337093
<SHARES-COMMON-PRIOR> 12046391
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 229242
<ACCUMULATED-NET-GAINS> 21108184
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 119858759
<NET-ASSETS> 306738166
<DIVIDEND-INCOME> 611838
<INTEREST-INCOME> 1885529
<OTHER-INCOME> 0
<EXPENSES-NET> 3901087
<NET-INVESTMENT-INCOME> (1403720)
<REALIZED-GAINS-CURRENT> 44531721
<APPREC-INCREASE-CURRENT> 56923834
<NET-CHANGE-FROM-OPS> 100051835
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 40144531
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1370623
<NET-CHANGE-IN-ASSETS> 85099354
<ACCUMULATED-NII-PRIOR> 8029003
<ACCUMULATED-GAINS-PRIOR> 10213018
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3176689
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4684113
<AVERAGE-NET-ASSETS> 253214186
<PER-SHARE-NAV-BEGIN> 18.52
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> 8.41
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> (3.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23
<EXPENSE-RATIO> 1.54
</TABLE>
