FINANCIAL HIGHLIGHTS
The financial highlights table is intended to help you understand the
Fund's financial performance. Certain information reflects financial
results for a single Fund share. The total returns in the table
represent the rate that you would have earned (or lost) on an
investment in the Fund (assuming reinvestment of all dividends and
distributions). This information has been audited by Deloitte &
Touche LLP, whose report, along with the Fund's financial statements,
is included in the annual report, which is available upon request.
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Gold Fund
<CAPTION>
For the Years Ended June 30,
1999 1998 1997 1996 1995
<S> <C> <C> <C> <C> <C>
Net Asset Value-Beginning of Year $ 4.66 $ 7.02 $ 9.93 $ 9.89 $ 9.52
Income from Investment Operations:
Net Investment Loss (0.05) (0.05) (0.08) (0.06) (0.05)
Net Realized and Unrealized Gain
(Loss) on Securities (0.61) (2.31) (2.83) 0.10 0.42
Total from Investment Operations (0.66) (2.36) (2.91) 0.04 0.37
Total Distributions to Shareholders - - - - -
Net Asset Value-End of Year $ 4.00 $ 4.66 $ 7.02 $ 9.93 $ 9.89
Total Investment Return (14.16)% (33.62)% (29.31)% 0.40% 3.89%
Ratios and Supplemental Data:
Net Assets-End of Year
(in thousands) $ 1,394 $ 2,187 $ 3,409 $ 6,122 $ 6,796
Ratio of Expenses to Average Net Assets 1.70 % 1.70 % 1.70 % 1.70 % 1.70 %
Ratio of Net Loss to Average Net Assets (0.96)% (0.74)% (0.76)% (0.59)% (0.51)%
Portfolio Turnover Rate - 56.49 % 108.47% 59.06 % 51.23 %
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