<PAGE> PAGE 1
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<PAGE> PAGE 2
020 A000006 DRESDNER KLEINWORT
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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015 A000201 CITIBANK, N.A.
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<PAGE> PAGE 13
015 A000207 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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070 I020200 N
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070 K020200 N
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070 L020200 Y
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
076 000300 0.00
SIGNATURE FRANK PEPE
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
BAILLIE GIFFORD INTERNATIONAL FUND
This schedule contains financial information extracted from the
"Semiannual Report to Shareholders" dated June 30, 1999, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000869759
<NAME> BAILLIE GIFFORD INTERNATIONAL FUND
<SERIES>
<NAME> BAILLIE GIFFORD INTERNATIONAL FUND
<NUMBER> 01
<MULTIPLIER> 1000
<S> <C> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
BAILLIE GIFFORD EMERGING MARKETS FUND
This schedule contains financial information extracted from the
"Semiannual Report to Shareholders" dated June 30, 1999, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000869759
<NAME> BAILLIE GIFFORD INTERNATIONAL FUND
<SERIES>
<NAME> BAILLIE GIFFORD EMERGING MARKETS FUND
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN SMALL CAP STOCK FUND
This schedule contains financial information extracted from the
"Semiannual Report to Shareholders" dated June 30, 1999, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000869759
<NAME> BAILLIE GIFFORD INTERNATIONAL FUND
<SERIES>
<NAME> GUARDIAN SMALL CAP STOCK FUND
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<MULTIPLIER> 1000
<S> <C> <C>
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<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
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<DISTRIBUTIONS-OF-GAINS> (6,639)
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<NUMBER-OF-SHARES-REDEEMED> (1,849)
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> (1,778)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12,084
<GROSS-ADVISORY-FEES> 678
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<GROSS-EXPENSE> 753
<AVERAGE-NET-ASSETS> 182,209
<PER-SHARE-NAV-BEGIN> 12.74
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (0.05)
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<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 12.70
<EXPENSE-RATIO> 0.83
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
