EVERGREEN FOUNDATION TRUST
NSAR-B, 1996-02-29
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<PAGE>      
000 B000000 12/31/95
000 C000000 0000866789
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 THE EVERGREEN FOUNDATION TRUST
001 B000000 811-5953
001 C000000 9146942020
002 A000000 2500 WESTCHESTER AVENUE
002 B000000 PURCHASE
002 C000000 NY
002 D010000 10577
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 C030100 N
007 C010200  2
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007 C030200 N
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008 B00AA01 A
008 C00AA01 801-46522
008 D01AA01 PURCHASE
008 D02AA01 NY
008 D03AA01 10577
008 A00AA02 LIEBER & CO.
008 B00AA02 S
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008 D01AA02 PURCHASE
008 D02AA02 NY
008 D03AA02 10577
011 A00AA01 EVERGREEN FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-46906
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10017
012 A00AA01 STATE STREET BANK & TRUST CO.
012 B00AA01 84-
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012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICE WATERHOUSE LLP
<PAGE>      
013 B01AA01 NEW YORK CITY
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 LIEBER & CO.
014 B00AA01 8-14923
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
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022 A000002 LEHMAN BROTHERS INC.
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022 C000002    242097
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022 C000006     91132
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022 A000007 BA SECURITIES,INC.
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SIGNATURE   JOHN J. PILEGGI                              
TITLE       PRESIDENT           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

  [TEXT]                       
<ARTICLE>                                      6
<CIK>                                 0000866789
<NAME>                      Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                   11
   <NAME>                   Evergreen Foundation Fund
       
<S>                         <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                       
<ARTICLE>                                      6
<CIK>                                 0000866789
<NAME>                      Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                   12
   <NAME>                   Evergreen Foundation Fund
       
<S>                         <C>
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<ACCUMULATED-NII-PRIOR>                  105,806
<ACCUMULATED-GAINS-PRIOR>              4,379,828
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                  5,387,186
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                        8,149,891
<AVERAGE-NET-ASSETS>                 129,068,656
<PER-SHARE-NAV-BEGIN>                         12.24
<PER-SHARE-NII>                                0.36
<PER-SHARE-GAIN-APPREC>                        3.09
<PER-SHARE-DIVIDEND>                          (0.39)
<PER-SHARE-DISTRIBUTIONS>                     (0.23)
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                           15.07
<EXPENSE-RATIO>                                2.07
<AVG-DEBT-OUTSTANDING>                         0
<AVG-DEBT-PER-SHARE>                           0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                       
<ARTICLE>                                      6
<CIK>                                 0000866789
<NAME>                      Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                   13
   <NAME>                   Evergreen Foundation Fund
       
<S>                         <C>
<PERIOD-TYPE>               12-MOS
<FISCAL-YEAR-END>           Dec-31-1995
<PERIOD-START>              Jan-01-1995
<PERIOD-END>                Dec-31-1995
<INVESTMENTS-AT-COST>                917,499,260
<INVESTMENTS-AT-VALUE>             1,025,825,413
<RECEIVABLES>                         55,959,597
<ASSETS-OTHER>                            42,309
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                     1,081,827,319
<PAYABLE-FOR-SECURITIES>              41,767,439
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>              2,371,024
<TOTAL-LIABILITIES>                   44,138,463
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>             927,083,910
<SHARES-COMMON-STOCK>                    753,726
<SHARES-COMMON-PRIOR>                          0
<ACCUMULATED-NII-CURRENT>                271,849
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                2,006,944
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>             108,326,153
<NET-ASSETS>                          11,359,633
<DIVIDEND-INCOME>                      9,786,123
<INTEREST-INCOME>                     21,250,511
<OTHER-INCOME>                                 0
<EXPENSES-NET>                         8,138,827
<NET-INVESTMENT-INCOME>               22,897,807
<REALIZED-GAINS-CURRENT>               9,385,074
<APPREC-INCREASE-CURRENT>            121,111,375
<NET-CHANGE-FROM-OPS>                153,394,256
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>               (170,820)
<DISTRIBUTIONS-OF-GAINS>                (113,415)
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                  761,087
<NUMBER-OF-SHARES-REDEEMED>              (26,533)
<SHARES-REINVESTED>                       19,172
<NET-CHANGE-IN-ASSETS>               706,169,059
<ACCUMULATED-NII-PRIOR>                  105,806
<ACCUMULATED-GAINS-PRIOR>              4,379,828
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                  5,387,186
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                        8,149,891
<AVERAGE-NET-ASSETS>                   5,022,458
<PER-SHARE-NAV-BEGIN>                         12.24
<PER-SHARE-NII>                                0.34
<PER-SHARE-GAIN-APPREC>                        3.09
<PER-SHARE-DIVIDEND>                          (0.37)
<PER-SHARE-DISTRIBUTIONS>                     (0.23)
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                           15.07
<EXPENSE-RATIO>                                2.23
<AVG-DEBT-OUTSTANDING>                         0
<AVG-DEBT-PER-SHARE>                           0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                       
<ARTICLE>                                      6
<CIK>                                 0000866789
<NAME>                      Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                   14
   <NAME>                   Evergreen Foundation Fund
       
<S>                         <C>
<PERIOD-TYPE>               12-MOS
<FISCAL-YEAR-END>           Dec-31-1995
<PERIOD-START>              Jan-01-1995
<PERIOD-END>                Dec-31-1995
<INVESTMENTS-AT-COST>                917,499,260
<INVESTMENTS-AT-VALUE>             1,025,825,413
<RECEIVABLES>                         55,959,597
<ASSETS-OTHER>                            42,309
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                     1,081,827,319
<PAYABLE-FOR-SECURITIES>              41,767,439
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>              2,371,024
<TOTAL-LIABILITIES>                   44,138,463
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>             927,083,910
<SHARES-COMMON-STOCK>                 41,157,032
<SHARES-COMMON-PRIOR>                 27,027,960
<ACCUMULATED-NII-CURRENT>                271,849
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                2,006,944
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>             108,326,153
<NET-ASSETS>                         622,861,838
<DIVIDEND-INCOME>                      9,786,123
<INTEREST-INCOME>                     21,250,511
<OTHER-INCOME>                                 0
<EXPENSES-NET>                         8,138,827
<NET-INVESTMENT-INCOME>               22,897,807
<REALIZED-GAINS-CURRENT>               9,385,074
<APPREC-INCREASE-CURRENT>            121,111,375
<NET-CHANGE-FROM-OPS>                153,394,256
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>            (16,164,235)
<DISTRIBUTIONS-OF-GAINS>              (7,827,124)
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>               18,505,940
<NUMBER-OF-SHARES-REDEEMED>           (5,965,644)
<SHARES-REINVESTED>                    1,558,776
<NET-CHANGE-IN-ASSETS>               706,169,059
<ACCUMULATED-NII-PRIOR>                  105,806
<ACCUMULATED-GAINS-PRIOR>              4,379,828
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                  5,387,186
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                        8,149,891
<AVERAGE-NET-ASSETS>                 440,423,858
<PER-SHARE-NAV-BEGIN>                         12.27
<PER-SHARE-NII>                                0.51
<PER-SHARE-GAIN-APPREC>                        3.07
<PER-SHARE-DIVIDEND>                          (0.49)
<PER-SHARE-DISTRIBUTIONS>                     (0.23)
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                           15.13
<EXPENSE-RATIO>                                1.07
<AVG-DEBT-OUTSTANDING>                         0
<AVG-DEBT-PER-SHARE>                           0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                          
<ARTICLE>                                         6
<CIK>                          0000866789
<NAME>                         Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                      21
   <NAME>                      Evergreen Tax Strategic Foundation Fund-A
       
<S>                            <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>              Dec-31-1995
<PERIOD-START>                 Jan-01-1995
<PERIOD-END>                   Dec-31-1995
<INVESTMENTS-AT-COST>                    20,416,526
<INVESTMENTS-AT-VALUE>                   22,952,151
<RECEIVABLES>                               641,409
<ASSETS-OTHER>                               55,757
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                           23,649,317
<PAYABLE-FOR-SECURITIES>                    119,818
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                   286,966
<TOTAL-LIABILITIES>                         406,784
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                 20,706,908
<SHARES-COMMON-STOCK>                       221,458
<SHARES-COMMON-PRIOR>                             0
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                  2,535,625
<NET-ASSETS>                              2,702,439
<DIVIDEND-INCOME>                           274,869
<INTEREST-INCOME>                           455,857
<OTHER-INCOME>                                    0
<EXPENSES-NET>                              273,934
<NET-INVESTMENT-INCOME>                     456,792
<REALIZED-GAINS-CURRENT>                    671,486
<APPREC-INCREASE-CURRENT>                 2,607,309
<NET-CHANGE-FROM-OPS>                     3,735,587
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                   (34,215)
<DISTRIBUTIONS-OF-GAINS>                    (77,951)
<DISTRIBUTIONS-OTHER>                          (162)
<NUMBER-OF-SHARES-SOLD>                     215,649
<NUMBER-OF-SHARES-REDEEMED>                  (2,950)
<SHARES-REINVESTED>                           8,759
<NET-CHANGE-IN-ASSETS>                   12,667,577
<ACCUMULATED-NII-PRIOR>                       1,000
<ACCUMULATED-GAINS-PRIOR>                   128,366
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                       140,386
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                             456,452
<AVERAGE-NET-ASSETS>                      1,080,349
<PER-SHARE-NAV-BEGIN>                            10.44
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                           2.24
<PER-SHARE-DIVIDEND>                             (0.31)
<PER-SHARE-DISTRIBUTIONS>                        (0.46)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.20
<EXPENSE-RATIO>                                   1.75
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                          
<ARTICLE>                                         6
<CIK>                          0000866789
<NAME>                         Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                      22
   <NAME>                      Evergreen Tax Strategic Foundation Fund -B
       
<S>                            <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>              Dec-31-1995
<PERIOD-START>                 Jan-01-1995
<PERIOD-END>                   Dec-31-1995
<INVESTMENTS-AT-COST>                    20,416,526
<INVESTMENTS-AT-VALUE>                   22,952,151
<RECEIVABLES>                               641,409
<ASSETS-OTHER>                               55,757
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                           23,649,317
<PAYABLE-FOR-SECURITIES>                    119,818
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                   286,966
<TOTAL-LIABILITIES>                         406,784
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                 20,706,908
<SHARES-COMMON-STOCK>                       537,997
<SHARES-COMMON-PRIOR>                             0
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                  2,535,625
<NET-ASSETS>                              6,558,997
<DIVIDEND-INCOME>                           274,869
<INTEREST-INCOME>                           455,857
<OTHER-INCOME>                                    0
<EXPENSES-NET>                              273,934
<NET-INVESTMENT-INCOME>                     456,792
<REALIZED-GAINS-CURRENT>                    671,486
<APPREC-INCREASE-CURRENT>                 2,607,309
<NET-CHANGE-FROM-OPS>                     3,735,587
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                   (72,776)
<DISTRIBUTIONS-OF-GAINS>                   (199,612)
<DISTRIBUTIONS-OTHER>                          (345)
<NUMBER-OF-SHARES-SOLD>                     550,703
<NUMBER-OF-SHARES-REDEEMED>                 (34,427)
<SHARES-REINVESTED>                          21,721
<NET-CHANGE-IN-ASSETS>                   12,667,577
<ACCUMULATED-NII-PRIOR>                       1,000
<ACCUMULATED-GAINS-PRIOR>                   128,366
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                       140,386
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                             456,452
<AVERAGE-NET-ASSETS>                      2,930,360
<PER-SHARE-NAV-BEGIN>                            10.31
<PER-SHARE-NII>                                   0.22
<PER-SHARE-GAIN-APPREC>                           2.37
<PER-SHARE-DIVIDEND>                             (0.25)
<PER-SHARE-DISTRIBUTIONS>                        (0.46)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.19
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                          
<ARTICLE>                                         6
<CIK>                          0000866789
<NAME>                         Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                      23
   <NAME>                      Evergreen Tax Strategic Foundation Fund-C
       
<S>                            <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>              Dec-31-1995
<PERIOD-START>                 Jan-01-1995
<PERIOD-END>                   Dec-31-1995
<INVESTMENTS-AT-COST>                    20,416,526
<INVESTMENTS-AT-VALUE>                   22,952,151
<RECEIVABLES>                               641,409
<ASSETS-OTHER>                               55,757
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                           23,649,317
<PAYABLE-FOR-SECURITIES>                    119,818
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                   286,966
<TOTAL-LIABILITIES>                         406,784
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                 20,706,908
<SHARES-COMMON-STOCK>                        40,654
<SHARES-COMMON-PRIOR>                             0
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                  2,535,625
<NET-ASSETS>                                495,696
<DIVIDEND-INCOME>                           274,869
<INTEREST-INCOME>                           455,857
<OTHER-INCOME>                                    0
<EXPENSES-NET>                              273,934
<NET-INVESTMENT-INCOME>                     456,792
<REALIZED-GAINS-CURRENT>                    671,486
<APPREC-INCREASE-CURRENT>                 2,607,309
<NET-CHANGE-FROM-OPS>                     3,735,587
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                    (4,715)
<DISTRIBUTIONS-OF-GAINS>                    (14,445)
<DISTRIBUTIONS-OTHER>                           (22)
<NUMBER-OF-SHARES-SOLD>                      39,093
<NUMBER-OF-SHARES-REDEEMED>                       0
<SHARES-REINVESTED>                           1,561
<NET-CHANGE-IN-ASSETS>                   12,667,577
<ACCUMULATED-NII-PRIOR>                       1,000
<ACCUMULATED-GAINS-PRIOR>                   128,366
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                       140,386
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                             456,452
<AVERAGE-NET-ASSETS>                        206,856
<PER-SHARE-NAV-BEGIN>                            10.69
<PER-SHARE-NII>                                   0.22
<PER-SHARE-GAIN-APPREC>                           1.99
<PER-SHARE-DIVIDEND>                             (0.25)
<PER-SHARE-DISTRIBUTIONS>                        (0.46)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.19
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                          
<ARTICLE>                                         6
<CIK>                          0000866789
<NAME>                         Evergreen Foundation Trust
<SERIES>
   <NUMBER>                                      24
   <NAME>                      Evergreen Tax Strategic Foundation Fund-Y
       
<S>                            <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>              Dec-31-1995
<PERIOD-START>                 Jan-01-1995
<PERIOD-END>                   Dec-31-1995
<INVESTMENTS-AT-COST>                    20,416,526
<INVESTMENTS-AT-VALUE>                   22,952,151
<RECEIVABLES>                               641,409
<ASSETS-OTHER>                               55,757
<OTHER-ITEMS-ASSETS>                              0
<TOTAL-ASSETS>                           23,649,317
<PAYABLE-FOR-SECURITIES>                    119,818
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                   286,966
<TOTAL-LIABILITIES>                         406,784
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                 20,706,908
<SHARES-COMMON-STOCK>                     1,103,476
<SHARES-COMMON-PRIOR>                     1,029,537
<ACCUMULATED-NII-CURRENT>                         0
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                  2,535,625
<NET-ASSETS>                             13,485,401
<DIVIDEND-INCOME>                           274,869
<INTEREST-INCOME>                           455,857
<OTHER-INCOME>                                    0
<EXPENSES-NET>                              273,934
<NET-INVESTMENT-INCOME>                     456,792
<REALIZED-GAINS-CURRENT>                    671,486
<APPREC-INCREASE-CURRENT>                 2,607,309
<NET-CHANGE-FROM-OPS>                     3,735,587
<EQUALIZATION>                                    0
<DISTRIBUTIONS-OF-INCOME>                  (346,086)
<DISTRIBUTIONS-OF-GAINS>                   (490,453)
<DISTRIBUTIONS-OTHER>                        (1,644)
<NUMBER-OF-SHARES-SOLD>                      92,229
<NUMBER-OF-SHARES-REDEEMED>                 (84,665)
<SHARES-REINVESTED>                          66,375
<NET-CHANGE-IN-ASSETS>                   12,667,577
<ACCUMULATED-NII-PRIOR>                       1,000
<ACCUMULATED-GAINS-PRIOR>                   128,366
<OVERDISTRIB-NII-PRIOR>                           0
<OVERDIST-NET-GAINS-PRIOR>                        0
<GROSS-ADVISORY-FEES>                       140,386
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                             456,452
<AVERAGE-NET-ASSETS>                     11,948,365
<PER-SHARE-NAV-BEGIN>                            10.27
<PER-SHARE-NII>                                   0.35
<PER-SHARE-GAIN-APPREC>                           2.39
<PER-SHARE-DIVIDEND>                             (0.33)
<PER-SHARE-DISTRIBUTIONS>                        (0.46)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.22
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        

</TABLE>


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