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<PAGE> PAGE 5
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<PAGE> PAGE 12
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<PAGE> PAGE 16
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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
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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SIGNATURE STEVEN T MCCABE
TITLE ASSISTANT VP
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 72,037,678
<INVESTMENTS-AT-VALUE> 87,647,128
<RECEIVABLES> 1,641,717
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,288,845
<PAYABLE-FOR-SECURITIES> 193,382
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,188,457
<TOTAL-LIABILITIES> 1,381,839
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69,825,175
<SHARES-COMMON-STOCK> 4,074,644
<SHARES-COMMON-PRIOR> 3,105,644
<ACCUMULATED-NII-CURRENT> 1,717
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,470,664
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,609,450
<NET-ASSETS> 87,907,006
<DIVIDEND-INCOME> 1,193,289
<INTEREST-INCOME> 32,531
<OTHER-INCOME> 0
<EXPENSES-NET> 763,832
<NET-INVESTMENT-INCOME> 461,988
<REALIZED-GAINS-CURRENT> 16,907,790
<APPREC-INCREASE-CURRENT> 4,574,902
<NET-CHANGE-FROM-OPS> 21,944,680
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (460,271)
<DISTRIBUTIONS-OF-GAINS> (15,608,927)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,828,825
<NUMBER-OF-SHARES-REDEEMED> (1,370,970)
<SHARES-REINVESTED> 511,145
<NET-CHANGE-IN-ASSETS> 27,321,232
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,171,801
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 532,788
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 763,832
<AVERAGE-NET-ASSETS> 82,132,473
<PER-SHARE-NAV-BEGIN> 19.51
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 6.31
<PER-SHARE-DIVIDEND> (0.13)
<PER-SHARE-DISTRIBUTIONS> (4.25)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.57
<EXPENSE-RATIO> .93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> VALUE & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 63,149,537
<INVESTMENTS-AT-VALUE> 78,944,090
<RECEIVABLES> 2,321,295
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81,265,385
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138,763
<TOTAL-LIABILITIES> 138,763
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,492,459
<SHARES-COMMON-STOCK> 3,884,680
<SHARES-COMMON-PRIOR> 2,048,702
<ACCUMULATED-NII-CURRENT> 259
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,201,534
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,432,370
<NET-ASSETS> 81,126,622
<DIVIDEND-INCOME> 1,268,314
<INTEREST-INCOME> 202,819
<OTHER-INCOME> 0
<EXPENSES-NET> 654,466
<NET-INVESTMENT-INCOME> 816,667
<REALIZED-GAINS-CURRENT> 9,186,661
<APPREC-INCREASE-CURRENT> 7,639,735
<NET-CHANGE-FROM-OPS> 17,643,063
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (816,408)
<DISTRIBUTIONS-OF-GAINS> (8,426,264)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,267,839
<NUMBER-OF-SHARES-REDEEMED> (749,022)
<SHARES-REINVESTED> 317,161
<NET-CHANGE-IN-ASSETS> 44,759,648
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 441,137
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 462,604
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 654,466
<AVERAGE-NET-ASSETS> 62,330,095
<PER-SHARE-NAV-BEGIN> 17.75
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 5.54
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (2.41)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.88
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> SMALL TO MID CAP PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 98,717,401
<INVESTMENTS-AT-VALUE> 122,027,785
<RECEIVABLES> 6,481,095
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 128,508,880
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,287,442
<TOTAL-LIABILITIES> 3,287,442
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,702,152
<SHARES-COMMON-STOCK> 5,739,844
<SHARES-COMMON-PRIOR> 3,479,886
<ACCUMULATED-NII-CURRENT> (102,695)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,311,597
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,310,384
<NET-ASSETS> 125,221,438
<DIVIDEND-INCOME> 1,186,042
<INTEREST-INCOME> 140,985
<OTHER-INCOME> 0
<EXPENSES-NET> 1,330,845
<NET-INVESTMENT-INCOME> (3,818)
<REALIZED-GAINS-CURRENT> 24,033,927
<APPREC-INCREASE-CURRENT> 14,019,209
<NET-CHANGE-FROM-OPS> 38,049,318
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (19,306,498)
<DISTRIBUTIONS-OTHER> (102,695)
<NUMBER-OF-SHARES-SOLD> 5,314,273
<NUMBER-OF-SHARES-REDEEMED> (3,598,865)
<SHARES-REINVESTED> 544,550
<NET-CHANGE-IN-ASSETS> 59,742,602
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,525,504
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,046,056
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,330,845
<AVERAGE-NET-ASSETS> 115,725,653
<PER-SHARE-NAV-BEGIN> 18.82
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 6.75
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.73)
<RETURNS-OF-CAPITAL> (0.02)
<PER-SHARE-NAV-END> 21.82
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 146,430,882
<INVESTMENTS-AT-VALUE> 159,260,714
<RECEIVABLES> 661,594
<ASSETS-OTHER> 3,219
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159,925,527
<PAYABLE-FOR-SECURITIES> 8,059,929
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 424,467
<TOTAL-LIABILITIES> 8,484,396
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,760,264
<SHARES-COMMON-STOCK> 10,213,260
<SHARES-COMMON-PRIOR> 5,281,501
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (202,707)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,883,574
<NET-ASSETS> 151,441,131
<DIVIDEND-INCOME> 1,339,416
<INTEREST-INCOME> 260,249
<OTHER-INCOME> 0
<EXPENSES-NET> 1,836,369
<NET-INVESTMENT-INCOME> (236,704)
<REALIZED-GAINS-CURRENT> 4,905,193
<APPREC-INCREASE-CURRENT> 4,620,705
<NET-CHANGE-FROM-OPS> 9,289,194
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,905,193)
<DISTRIBUTIONS-OTHER> (202,707)
<NUMBER-OF-SHARES-SOLD> 6,193,641
<NUMBER-OF-SHARES-REDEEMED> (1,497,678)
<SHARES-REINVESTED> 235,796
<NET-CHANGE-IN-ASSETS> 78,421,751
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,293,655
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,836,369
<AVERAGE-NET-ASSETS> 118,475,419
<PER-SHARE-NAV-BEGIN> 13.83
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 1.54
<PER-SHARE-DIVIDEND> (0.50)
<PER-SHARE-DISTRIBUTIONS> (0.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.83
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> INTERMEDIATE FIXED-INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 49,008,927
<INVESTMENTS-AT-VALUE> 52,722,678
<RECEIVABLES> 2,535,363
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55,258,041
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61,131
<TOTAL-LIABILITIES> 61,131
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,900,191
<SHARES-COMMON-STOCK> 4,528,468
<SHARES-COMMON-PRIOR> 4,388,744
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,380,859)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,677,578
<NET-ASSETS> 55,196,910
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,315,027
<OTHER-INCOME> 0
<EXPENSES-NET> 415,834
<NET-INVESTMENT-INCOME> 2,899,193
<REALIZED-GAINS-CURRENT> 36,784
<APPREC-INCREASE-CURRENT> 1,080,463
<NET-CHANGE-FROM-OPS> 4,016,440
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,900,522)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,908,703
<NUMBER-OF-SHARES-REDEEMED> 1,855,513
<SHARES-REINVESTED> 86,534
<NET-CHANGE-IN-ASSETS> 2,949,175
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,428,325)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 251,232
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 415,834
<AVERAGE-NET-ASSETS> 49,504,048
<PER-SHARE-NAV-BEGIN> 11.90
<PER-SHARE-NII> 0.71
<PER-SHARE-GAIN-APPREC> 0.29
<PER-SHARE-DIVIDEND> (0.71)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.19
<EXPENSE-RATIO> .84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> SHORT INTERMEDIATE FIXED-INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 39,930,096
<INVESTMENTS-AT-VALUE> 40,319,782
<RECEIVABLES> 667,166
<ASSETS-OTHER> 4,403
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40,991,351
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,309
<TOTAL-LIABILITIES> 49,309
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,604,520
<SHARES-COMMON-STOCK> 3,337,535
<SHARES-COMMON-PRIOR> 3,017,500
<ACCUMULATED-NII-CURRENT> (4,419)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (47,745)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 389,686
<NET-ASSETS> 40,942,042
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,445,593
<OTHER-INCOME> 0
<EXPENSES-NET> 348,044
<NET-INVESTMENT-INCOME> 2,097,549
<REALIZED-GAINS-CURRENT> 6,148
<APPREC-INCREASE-CURRENT> 412,603
<NET-CHANGE-FROM-OPS> 2,516,300
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,098,114)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (4,419)
<NUMBER-OF-SHARES-SOLD> 1,669,600
<NUMBER-OF-SHARES-REDEEMED> (1,370,087)
<SHARES-REINVESTED> 20,522
<NET-CHANGE-IN-ASSETS> 4,241,523
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (54,597)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 205,853
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 348,044
<AVERAGE-NET-ASSETS> 40,470,233
<PER-SHARE-NAV-BEGIN> 12.16
<PER-SHARE-NII> 0.64
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> (0.64)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.27
<EXPENSE-RATIO> .86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> MORTGAGE SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 122,571,645
<INVESTMENTS-AT-VALUE> 125,009,962
<RECEIVABLES> 10,977,060
<ASSETS-OTHER> 5,054
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135,992,076
<PAYABLE-FOR-SECURITIES> 17,905,283
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<OTHER-ITEMS-LIABILITIES> 8,339,746
<TOTAL-LIABILITIES> 26,245,029
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 107,043,478
<SHARES-COMMON-STOCK> 8,712,125
<SHARES-COMMON-PRIOR> 6,037,920
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 303,719
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,437,396
<NET-ASSETS> 109,747,047
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,138,870
<OTHER-INCOME> 0
<EXPENSES-NET> 758,203
<NET-INVESTMENT-INCOME> 5,380,667
<REALIZED-GAINS-CURRENT> 1,115,943
<APPREC-INCREASE-CURRENT> 1,939,701
<NET-CHANGE-FROM-OPS> 8,436,311
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,380,667)
<DISTRIBUTIONS-OF-GAINS> (37,546)
<DISTRIBUTIONS-OTHER> (408,782)
<NUMBER-OF-SHARES-SOLD> 3,723,266
<NUMBER-OF-SHARES-REDEEMED> (1,168,546)
<SHARES-REINVESTED> 119,485
<NET-CHANGE-IN-ASSETS> 35,884,659
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (403,432)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 514,760
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 758,203
<AVERAGE-NET-ASSETS> 90,262,262
<PER-SHARE-NAV-BEGIN> 12.23
<PER-SHARE-NII> 0.72
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> (0.72)
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.6
<EXPENSE-RATIO> .84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> U.S.GOVERNMENT MONEY PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 42,668,383
<INVESTMENTS-AT-VALUE> 54,923,727
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<TOTAL-ASSETS> 54,925,667
<PAYABLE-FOR-SECURITIES> 3,783,749
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<OTHER-ITEMS-LIABILITIES> 232,025
<TOTAL-LIABILITIES> 4,015,774
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50,914,742
<SHARES-COMMON-STOCK> 50,915,165
<SHARES-COMMON-PRIOR> 61,671,797
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,849)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 50,909,893
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,074,779
<OTHER-INCOME> 0
<EXPENSES-NET> 300,678
<NET-INVESTMENT-INCOME> 2,774,101
<REALIZED-GAINS-CURRENT> (5,036)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,769,065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,774,283)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 93,789,699
<NUMBER-OF-SHARES-REDEEMED> (104,606,175)
<SHARES-REINVESTED> 59,844
<NET-CHANGE-IN-ASSETS> (10,762,037)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 187
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 139,970
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 300,678
<AVERAGE-NET-ASSETS> 55,681,111
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> .54
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
