<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BAUPOST
FUND'S AUDITED FINANCIAL STATEMENTS AT OCTOBER 31, 2000 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 113,511,854
<INVESTMENTS-AT-VALUE> 119,678,885
<RECEIVABLES> 17,799,390
<ASSETS-OTHER> 834,828
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 138,313,103
<PAYABLE-FOR-SECURITIES> 17,326,164
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 531,008
<TOTAL-LIABILITIES> 17,857,152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 107,024,380
<SHARES-COMMON-STOCK> 7,818,020
<SHARES-COMMON-PRIOR> 9,594,146
<ACCUMULATED-NII-CURRENT> 3,235,275
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,119,144
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,077,132
<NET-ASSETS> 120,455,931
<DIVIDEND-INCOME> 1,184,051
<INTEREST-INCOME> 3,873,328
<OTHER-INCOME> 0
<EXPENSES-NET> 3,094,552
<NET-INVESTMENT-INCOME> 1,962,827
<REALIZED-GAINS-CURRENT> 7,251,546
<APPREC-INCREASE-CURRENT> 14,009,645
<NET-CHANGE-FROM-OPS> 23,224,018
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,952,563
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 496,567
<NUMBER-OF-SHARES-REDEEMED> 2,488,364
<SHARES-REINVESTED> 215,671
<NET-CHANGE-IN-ASSETS> (3,442,853)
<ACCUMULATED-NII-PRIOR> 2,486,106
<ACCUMULATED-GAINS-PRIOR> (720,823)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,173,182
<INTEREST-EXPENSE> 470,766
<GROSS-EXPENSE> 3,111,478
<AVERAGE-NET-ASSETS> 116,838,960
<PER-SHARE-NAV-BEGIN> 12.91
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 2.57
<PER-SHARE-DIVIDEND> 0.33
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.41
<EXPENSE-RATIO> 2.64
</TABLE>
