<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BAUPOST
FUND'S UNAUDITED FINANCIAL STATEMENTS AT APRIL 28, 2000 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-28-2000
<INVESTMENTS-AT-COST> 104,261,483
<INVESTMENTS-AT-VALUE> 101,439,810
<RECEIVABLES> 15,073,225
<ASSETS-OTHER> 9,168,551
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 125,681,586
<PAYABLE-FOR-SECURITIES> 9,427,072
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 576,361
<TOTAL-LIABILITIES> 10,003,433
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 113,614,173
<SHARES-COMMON-STOCK> 8,333,896
<SHARES-COMMON-PRIOR> 9,594,146
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 443,054
<ACCUMULATED-NET-GAINS> 3,370,314
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (863,280)
<NET-ASSETS> 115,678,153
<DIVIDEND-INCOME> 264,943
<INTEREST-INCOME> 1,652,671
<OTHER-INCOME> 0
<EXPENSES-NET> 1,894,211
<NET-INVESTMENT-INCOME> 23,403
<REALIZED-GAINS-CURRENT> 4,091,137
<APPREC-INCREASE-CURRENT> 7,071,299
<NET-CHANGE-FROM-OPS> 11,185,839
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,952,563
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 295,911
<NUMBER-OF-SHARES-REDEEMED> 1,771,832
<SHARES-REINVESTED> 215,671
<NET-CHANGE-IN-ASSETS> (8,220,631)
<ACCUMULATED-NII-PRIOR> 2,486,106
<ACCUMULATED-GAINS-PRIOR> (720,823)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 583,531
<INTEREST-EXPENSE> 398,770
<GROSS-EXPENSE> 1,894,211
<AVERAGE-NET-ASSETS> 117,043,433
<PER-SHARE-NAV-BEGIN> 12.91
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 1.28
<PER-SHARE-DIVIDEND> 0.33
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> 1.62
</TABLE>
