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<PAGE> PAGE 2
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SIGNATURE CHARLES RIZZO
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
FINANCIAL DATA SCHEDULE
ARTICLE 6
CIK 0000893566
NAME North American Government Bond Fund
FISCAL YEAR END 03/31/00
PERIOD END 09/30/99
INVESTMENTS AT COST 63,982,090
INVESTMENTS AT VALUE 60,835,536
RECEIVABLES 762,404
ASSETS OTHER 17,452
TOTAL ASSETS 61,615,392
PAYABLE FOR SECURITIES 0
OTHER ITEMS LIABILITIES 224,692
TOTAL LIABILITIES 224,692
PAID IN CAPITAL COMMON 65,293,458
SHARES COMMON CURRENT 7,633,502
SHARES COMMON PRIOR 6,636,361
ACCUMULATED NII CURRENT 0
ACCUMULATED NET GAINS 178,541
OVERDISTRIBUTION INCOME (934,060)
OVERDISTRIBUTION GAINS 0
ACCUM APPREC OR DEPREC (3,147,239)
NET ASSETS 61,390,700
DIVIDEND INCOME 0
INTEREST INCOME 2,014,717
OTHER INCOME 0
EXPENSES NET 369,221
NET INVESTMENT INCOME 1,645,496
REALIZED GAINS CURRENT 178,541
APPREC INCREASE CURRENT (1,924,053)
NET CHANGE FROM OPS (100,016)
DISTRIBUTIONS OF INCOME (1,645,496)
DISTRIBUTIONS OF GAINS 0
DISTRIBUTIONS OTHER (928,142)
NUMBER OF SHARES SOLD 1,432,320
NUMBER OF SHARES REDEEMED 569,111
SHARES REINVESTED 133,932
NET CHANGE IN ASSETS 5,500,123
ACCUMULATED NII PRIOR 0
ACCUMULATED GAINS PRIOR 0
OVERDISTRIB NII PRIOR 5,918
OVERDIST NET GAINS PRIOR 0
GROSS ADVISORY FEES 118,153
GROSS EXPENSE 395,522
AVERAGE NET ASSETS 58,909,087
PER SHARE NAV BEGIN 8.42
PER SHARE NII 0.24
PER SHARE GAIN APPREC (0.26)
PER SHARE DIVIDEND (0.36)
PER SHARE DISTRIBUTIONS 0.00
PER SHARE L/T Gains Distributions 0.00
RETURNS OF CAPITAL 0
PER SHARE NAV END 8.04
EXPENSE RATIO 1.25%
</TABLE>
