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<PAGE> PAGE 2
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SIGNATURE S. ELLIOT COHAN
TITLE ASST. GEN COUNSEL
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,127,217
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,322,976
<AVERAGE-NET-ASSETS> 550,117,661
<PER-SHARE-NAV-BEGIN> 9.720
<PER-SHARE-NII> 0.720
<PER-SHARE-GAIN-APPREC> 0.280
<PER-SHARE-DIVIDEND> 0.700
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.020
<EXPENSE-RATIO> 1.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
