<PAGE>
PAGE 1
000 A000000 05/31/97
000 C000000 0000887194
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 LORD ABBETT RESEARCH FUND, INC.
001 B000000 811-6650
001 C000000 2128481870
002 A000000 767 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10153
002 D020000 0101
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
022 A000001 GENERAL ELECTRIC CAPTIAL CORP.
022 B000001 13-1500700
022 C000001 84970
022 D000001 82170
022 A000002 FORD MOTOR CREDIT CO.
022 B000002 38-1612444
022 C000002 72129
022 D000002 72729
022 A000003 PRUDENTIAL FUNDING CO.
022 B000003 22-2231168
022 C000003 37020
022 D000003 37020
022 A000004 AMERICAN EXPRESS CREDIT CORP.
022 B000004 11-1988350
022 C000004 8340
022 D000004 8340
022 A000005 CHEVRON OIL FINANCE CO.
022 B000005 25-1215010
022 C000005 3380
022 D000005 3380
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
<PAGE>
PAGE 2
022 C000010 0
022 D000010 0
023 C000000 205839
023 D000000 203639
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 N
071 A000100 17886
071 B000100 2333
071 C000100 30568
071 D000100 8
072 A000100 6
074 N000100 44411
074 T000100 43335
075 A000100 0
075 B000100 22869
071 A000200 372
071 B000200 606
071 C000200 1349
071 D000200 28
072 A000200 6
074 N000200 1410
074 T000200 1391
075 A000200 0
075 B000200 1362
071 A000300 73170
071 B000300 6708
071 C000300 38510
071 D000300 17
072 A000300 6
074 N000300 92680
074 T000300 87899
075 A000300 0
075 B000300 26208
<PAGE>
PAGE 3
SIGNATURE JOSEPH VAN DAKE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 011
<NAME> LORD ABBETT RESEARCH FUND, INC. LARGE-CAP SERIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 34385488
<INVESTMENTS-AT-VALUE> 40689742
<RECEIVABLES> 538809
<ASSETS-OTHER> 1606893
<OTHER-ITEMS-ASSETS> 1576272
<TOTAL-ASSETS> 44411716
<PAYABLE-FOR-SECURITIES> 1070440
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6405
<TOTAL-LIABILITIES> 1076845
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36574731
<SHARES-COMMON-STOCK> 1642609
<SHARES-COMMON-PRIOR> 956985
<ACCUMULATED-NII-CURRENT> 365103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 118124
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6304254
<NET-ASSETS> 43334871
<DIVIDEND-INCOME> 211116
<INTEREST-INCOME> 30313
<OTHER-INCOME> 0
<EXPENSES-NET> 158276
<NET-INVESTMENT-INCOME> 83153
<REALIZED-GAINS-CURRENT> 164181
<APPREC-INCREASE-CURRENT> 2967467
<NET-CHANGE-FROM-OPS> 3214480
<EQUALIZATION> 115870
<DISTRIBUTIONS-OF-INCOME> 102730
<DISTRIBUTIONS-OF-GAINS> 943694
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 706450
<NUMBER-OF-SHARES-REDEEMED> 82667
<SHARES-REINVESTED> 61841
<NET-CHANGE-IN-ASSETS> 19742825
<ACCUMULATED-NII-PRIOR> 274199
<ACCUMULATED-GAINS-PRIOR> 1257706
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 158276
<AVERAGE-NET-ASSETS> 22689582
<PER-SHARE-NAV-BEGIN> 17.86
<PER-SHARE-NII> .060
<PER-SHARE-GAIN-APPREC> 1.51
<PER-SHARE-DIVIDEND> .09
<PER-SHARE-DISTRIBUTIONS> .95
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.39
<EXPENSE-RATIO> .70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 012
<NAME> LORD ABBETT RESEARCH FUND, INC. LARGE-CAP SERIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 34385488
<INVESTMENTS-AT-VALUE> 40689742
<RECEIVABLES> 538809
<ASSETS-OTHER> 1606893
<OTHER-ITEMS-ASSETS> 1576272
<TOTAL-ASSETS> 44411716
<PAYABLE-FOR-SECURITIES> 1070440
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6405
<TOTAL-LIABILITIES> 1076845
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36574731
<SHARES-COMMON-STOCK> 707312
<SHARES-COMMON-PRIOR> 364464
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 27313
<ACCUMULATED-NET-GAINS> 118124
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6304254
<NET-ASSETS> 43334871
<DIVIDEND-INCOME> 89926
<INTEREST-INCOME> 12918
<OTHER-INCOME> 0
<EXPENSES-NET> 103143
<NET-INVESTMENT-INCOME> (299)
<REALIZED-GAINS-CURRENT> 164181
<APPREC-INCREASE-CURRENT> 2967467
<NET-CHANGE-FROM-OPS> 3214480
<EQUALIZATION> 115870
<DISTRIBUTIONS-OF-INCOME> 7959
<DISTRIBUTIONS-OF-GAINS> 360069
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 357076
<NUMBER-OF-SHARES-REDEEMED> 35919
<SHARES-REINVESTED> 21691
<NET-CHANGE-IN-ASSETS> 19742825
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1257706
<OVERDISTRIB-NII-PRIOR> 24450
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 36188
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 103143
<AVERAGE-NET-ASSETS> 9676991
<PER-SHARE-NAV-BEGIN> 17.83
<PER-SHARE-NII> .00
<PER-SHARE-GAIN-APPREC> 1.49
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> .95
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.35
<EXPENSE-RATIO> 1.07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 013
<NAME> LORD ABBETT RESEARCH FUND, INC.- LARGE-CAP SERIES - CLASS C
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> APR-01-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 34385488
<INVESTMENTS-AT-VALUE> 40689742
<RECEIVABLES> 538809
<ASSETS-OTHER> 1606893
<OTHER-ITEMS-ASSETS> 1576272
<TOTAL-ASSETS> 44411716
<PAYABLE-FOR-SECURITIES> 1070440
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6405
<TOTAL-LIABILITIES> 1076845
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36574731
<SHARES-COMMON-STOCK> 8334
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (28)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 118124
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6304254
<NET-ASSETS> 43334871
<DIVIDEND-INCOME> 195
<INTEREST-INCOME> 23
<OTHER-INCOME> 0
<EXPENSES-NET> 246
<NET-INVESTMENT-INCOME> (28)
<REALIZED-GAINS-CURRENT> 164181
<APPREC-INCREASE-CURRENT> 2967467
<NET-CHANGE-FROM-OPS> 3214480
<EQUALIZATION> 115870
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8334
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 19742825
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 246
<AVERAGE-NET-ASSETS> 67735
<PER-SHARE-NAV-BEGIN> 16.90
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.47
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.36
<EXPENSE-RATIO> .36
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 02
<NAME> LORD ABBETT RESEARCH FUND, INC. - MID-CAP SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 1084731
<INVESTMENTS-AT-VALUE> 1344819
<RECEIVABLES> 2122
<ASSETS-OTHER> 62858
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1409799
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19230
<TOTAL-LIABILITIES> 19230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 986783
<SHARES-COMMON-STOCK> 99453
<SHARES-COMMON-PRIOR> 113878
<ACCUMULATED-NII-CURRENT> 12456
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 131242
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 260088
<NET-ASSETS> 1390569
<DIVIDEND-INCOME> 12877
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 12877
<REALIZED-GAINS-CURRENT> 130320
<APPREC-INCREASE-CURRENT> (415)
<NET-CHANGE-FROM-OPS> 142782
<EQUALIZATION> (1008)
<DISTRIBUTIONS-OF-INCOME> 31911
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4751
<NUMBER-OF-SHARES-REDEEMED> 21732
<SHARES-REINVESTED> 2556
<NET-CHANGE-IN-ASSETS> 1462042
<ACCUMULATED-NII-PRIOR> 32498
<ACCUMULATED-GAINS-PRIOR> 922
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5101
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11101
<AVERAGE-NET-ASSETS> 1361816
<PER-SHARE-NAV-BEGIN> 12.84
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> 1.32
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.98
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 031
<NAME> LORD ABBETT RESEARCH FUND, INC. - SMALL-CAP SERIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-13-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 74613425
<INVESTMENTS-AT-VALUE> 83724513
<RECEIVABLES> 5637192
<ASSETS-OTHER> 378883
<OTHER-ITEMS-ASSETS> 2939883
<TOTAL-ASSETS> 92680471
<PAYABLE-FOR-SECURITIES> 4781186
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29
<TOTAL-LIABILITIES> 4781215
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78314158
<SHARES-COMMON-STOCK> 3672314
<SHARES-COMMON-PRIOR> 689038
<ACCUMULATED-NII-CURRENT> 146046
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 376048
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9111088
<NET-ASSETS> 87899256
<DIVIDEND-INCOME> 119439
<INTEREST-INCOME> 15697
<OTHER-INCOME> 0
<EXPENSES-NET> 158699
<NET-INVESTMENT-INCOME> (23563)
<REALIZED-GAINS-CURRENT> 339466
<APPREC-INCREASE-CURRENT> 8555027
<NET-CHANGE-FROM-OPS> 8817337
<EQUALIZATION> 139290
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3116601
<NUMBER-OF-SHARES-REDEEMED> 133325
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 79127086
<ACCUMULATED-NII-PRIOR> 35763
<ACCUMULATED-GAINS-PRIOR> 36582
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 98013
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 158699
<AVERAGE-NET-ASSETS> 26208344
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 2.36
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.36
<EXPENSE-RATIO> .61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 032
<NAME> LORD ABBETT RESEARCH FUND, INC. - SMALL-CAP SERIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-13-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 74613425
<INVESTMENTS-AT-VALUE> 83724513
<RECEIVABLES> 5637192
<ASSETS-OTHER> 378883
<OTHER-ITEMS-ASSETS> 2939883
<TOTAL-ASSETS> 92680471
<PAYABLE-FOR-SECURITIES> 4781186
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29
<TOTAL-LIABILITIES> 4781215
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78314158
<SHARES-COMMON-STOCK> 2300605
<SHARES-COMMON-PRIOR> 41443
<ACCUMULATED-NII-CURRENT> (47204)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 376048
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9111088
<NET-ASSETS> 87899256
<DIVIDEND-INCOME> 61400
<INTEREST-INCOME> 9061
<OTHER-INCOME> 0
<EXPENSES-NET> 123171
<NET-INVESTMENT-INCOME> (52710)
<REALIZED-GAINS-CURRENT> 339466
<APPREC-INCREASE-CURRENT> 8555027
<NET-CHANGE-FROM-OPS> 8817337
<EQUALIZATION> 139290
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2284207
<NUMBER-OF-SHARES-REDEEMED> 25045
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 79127086
<ACCUMULATED-NII-PRIOR> 64
<ACCUMULATED-GAINS-PRIOR> 36582
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49267
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 123171
<AVERAGE-NET-ASSETS> 13174013
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 2.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.31
<EXPENSE-RATIO> .93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000887194
<NAME> LORD ABBETT RESEARCH FUND, INC.
<SERIES>
<NUMBER> 033
<NAME> LORD ABBETT RESEARCH FUND, INC. - SMALL-CAP SERIES - CLASS C
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> APR-01-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 74613425
<INVESTMENTS-AT-VALUE> 83724513
<RECEIVABLES> 5637192
<ASSETS-OTHER> 378883
<OTHER-ITEMS-ASSETS> 2939883
<TOTAL-ASSETS> 92680471
<PAYABLE-FOR-SECURITIES> 4781186
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29
<TOTAL-LIABILITIES> 4781215
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78314158
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 157549
<ACCUMULATED-NII-CURRENT> 14
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 376048
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9111088
<NET-ASSETS> 87899256
<DIVIDEND-INCOME> 980
<INTEREST-INCOME> 202
<OTHER-INCOME> 0
<EXPENSES-NET> 2060
<NET-INVESTMENT-INCOME> (878)
<REALIZED-GAINS-CURRENT> 339466
<APPREC-INCREASE-CURRENT> 8555027
<NET-CHANGE-FROM-OPS> 8817337
<EQUALIZATION> 139290
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 158625
<NUMBER-OF-SHARES-REDEEMED> 1076
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 79127086
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 799
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2060
<AVERAGE-NET-ASSETS> 637359
<PER-SHARE-NAV-BEGIN> 12.81
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 1.52
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.31
<EXPENSE-RATIO> .32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
