<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 3,024,111
<INVESTMENTS-AT-VALUE> 1,352,620
<RECEIVABLES> 89,607
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,442,227
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63,270
<TOTAL-LIABILITIES> 63,270
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,348,569
<SHARES-COMMON-STOCK> 309,758
<SHARES-COMMON-PRIOR> 271,621
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (298,121)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,617,491)
<NET-ASSETS> 1,378,957
<DIVIDEND-INCOME> 2,709
<INTEREST-INCOME> 3,803
<OTHER-INCOME> 0
<EXPENSES-NET> (56,010)
<NET-INVESTMENT-INCOME> (49,498)
<REALIZED-GAINS-CURRENT> 206,213
<APPREC-INCREASE-CURRENT> (987,554)
<NET-CHANGE-FROM-OPS> (830,839)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (571,317)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133,932
<NUMBER-OF-SHARES-REDEEMED> (448,918)
<SHARES-REINVESTED> 569,302
<NET-CHANGE-IN-ASSETS> (1,147,840)
<ACCUMULATED-NII-PRIOR> (43,658)
<ACCUMULATED-GAINS-PRIOR> 583,967
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20,812
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (80,984)
<AVERAGE-NET-ASSETS> 2,090,373
<PER-SHARE-NAV-BEGIN> 9.30
<PER-SHARE-NII> (0.14)
<PER-SHARE-GAIN-APPREC> (2.28)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (2.43)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 4.45
<EXPENSE-RATIO> 2.68
</TABLE>
