<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000894386
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ANALYTIC SERIES FUND
001 B000000 811-7366
001 C000000 8003742633
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 SHORT-TERM GOVERNMENT PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 MASTER FIXED INCOME PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 ENHANCED EQUITY PORTFOLIO
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 ANALYTIC/TSA GLOBAL ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-7082
008 D01AA01 LOS ANGELES
008 D02AA01 CA
008 D03AA01 90017
010 A00AA01 UAM FUND SERVICES, INC.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
012 A00AA01 UAM FUND SERVICES, INC.
012 B00AA01 84-0000000
<PAGE> PAGE 2
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 THE CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10036
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 4
019 C00AA00 ANALYTICFU
020 A000001 D E SHAW SECURITIES
020 C000001 115
020 A000002 MORGAN STANLEY & CO
020 B000002 13-2655998
020 C000002 44
020 A000003 CANTOR FITZGERALD SECURITIES CORP.
020 B000003 13-2698893
020 C000003 28
020 A000004 PAINE WEBBER, INC.
020 B000004 13-2638166
020 C000004 27
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 214
022 A000001 CHASE MANHATTAN BANK
022 B000001 13-2633612
022 C000001 44601
022 D000001 35752
022 A000002 MORGAN STANLEY & CO.
022 B000002 13-2655998
022 C000002 15826
022 D000002 138
022 A000003 GRUNTAL & CO., INC.
022 B000003 13-3179859
022 C000003 2795
022 D000003 2964
022 A000004 PAINE WEBBER, INC.
022 B000004 13-2638166
022 C000004 2303
022 D000004 1270
<PAGE> PAGE 3
022 A000005 CANTOR FITZGERALD SECURITIES CORP.
022 B000005 13-2698893
022 C000005 2160
022 D000005 1017
022 A000006 EUROPE CO.
022 C000006 0
022 D000006 298
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 67685
023 D000000 41439
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
<PAGE> PAGE 4
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 5000
077 A000000 Y
077 Q010000 Y
078 000000 N
028 A010100 223
028 A020100 0
028 A030100 0
028 A040100 12
028 B010100 208
028 B020100 14
028 B030100 0
028 B040100 9
028 C010100 18
028 C020100 15
028 C030100 0
028 C040100 72
028 D010100 6
028 D020100 17
028 D030100 0
028 D040100 255
028 E010100 243
028 E020100 15
028 E030100 0
028 E040100 56
028 F010100 58
028 F020100 32
028 F030100 0
028 F040100 14
028 G010100 756
028 G020100 93
028 G030100 0
028 G040100 418
028 H000100 0
<PAGE> PAGE 5
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.300
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 3.7
062 M000100 32.5
062 N000100 48.0
062 O000100 0.0
062 P000100 14.5
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 5.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
<PAGE> PAGE 6
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 1136
071 B000100 850
071 C000100 3002
071 D000100 28
072 A000100 6
072 B000100 104
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 5
072 G000100 28
072 H000100 0
072 I000100 0
<PAGE> PAGE 7
072 J000100 3
072 K000100 0
072 L000100 8
072 M000100 0
072 N000100 10
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 3
072 S000100 5
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 1
072 X000100 63
072 Y000100 54
072 Z000100 95
072AA000100 0
072BB000100 7
072CC010100 6
072CC020100 0
072DD010100 95
072DD020100 0
072EE000100 0
073 A010100 0.2800
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 127
074 D000100 3238
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 9
074 L000100 63
074 M000100 10
074 N000100 3447
074 O000100 0
074 P000100 1
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 37
074 S000100 0
074 T000100 3409
<PAGE> PAGE 8
074 U010100 347
074 U020100 0
074 V010100 9.81
074 V020100 0.00
074 W000100 0.0000
074 X000100 57
074 Y000100 0
075 A000100 0
075 B000100 3273
076 000100 0.00
028 A010200 40
028 A020200 0
028 A030200 0
028 A040200 1737
028 B010200 321
028 B020200 20
028 B030200 0
028 B040200 26
028 C010200 118
028 C020200 18
028 C030200 0
028 C040200 232
028 D010200 257
028 D020200 20
028 D030200 0
028 D040200 19
028 E010200 353
028 E020200 19
028 E030200 0
028 E040200 137
028 F010200 465
028 F020200 40
028 F030200 0
028 F040200 40
028 G010200 1554
028 G020200 117
028 G030200 0
028 G040200 2191
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.450
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
<PAGE> PAGE 9
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.4
062 L000200 24.8
062 M000200 25.3
062 N000200 6.6
062 O000200 0.0
062 P000200 43.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 5.2
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 Y
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 Y
070 E010200 Y
070 E020200 N
<PAGE> PAGE 10
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 Y
070 H010200 Y
070 H020200 Y
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 3350
071 B000200 3418
071 C000200 3228
071 D000200 104
072 A000200 6
072 B000200 142
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 10
072 G000200 27
072 H000200 0
072 I000200 0
072 J000200 10
072 K000200 0
072 L000200 8
072 M000200 3
072 N000200 10
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 5
072 S000200 6
072 T000200 0
072 U000200 3
<PAGE> PAGE 11
072 V000200 0
072 W000200 0
072 X000200 82
072 Y000200 62
072 Z000200 122
072AA000200 37
072BB000200 0
072CC010200 17
072CC020200 0
072DD010200 122
072DD020200 0
072EE000200 0
073 A010200 0.2400
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 1300
074 D000200 3930
074 E000200 0
074 F000200 0
074 G000200 23
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 8
074 L000200 89
074 M000200 20
074 N000200 5370
074 O000200 1
074 P000200 2
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 62
074 R040200 59
074 S000200 0
074 T000200 5246
074 U010200 587
074 U020200 0
074 V010200 8.94
074 V020200 0.00
074 W000200 0.0000
074 X000200 81
074 Y000200 0
075 A000200 0
075 B000200 4554
076 000200 0.00
028 A010300 501
028 A020300 0
<PAGE> PAGE 12
028 A030300 0
028 A040300 105
028 B010300 847
028 B020300 0
028 B030300 0
028 B040300 314
028 C010300 1151
028 C020300 0
028 C030300 0
028 C040300 263
028 D010300 874
028 D020300 11
028 D030300 0
028 D040300 98
028 E010300 1184
028 E020300 0
028 E030300 0
028 E040300 289
028 F010300 5501
028 F020300 31
028 F030300 0
028 F040300 529
028 G010300 10058
028 G020300 42
028 G030300 0
028 G040300 1598
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
<PAGE> PAGE 13
048 K010300 0
048 K020300 0.000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 Y
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
<PAGE> PAGE 14
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 28562
071 B000300 20261
071 C000300 10261
071 D000300 197
072 A000300 6
072 B000300 22
072 C000300 79
072 D000300 0
072 E000300 0
072 F000300 31
072 G000300 31
072 H000300 0
072 I000300 0
072 J000300 4
072 K000300 0
072 L000300 8
072 M000300 2
072 N000300 9
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 0
072 S000300 13
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 5
072 X000300 103
072 Y000300 50
072 Z000300 48
072AA000300 1766
072BB000300 0
072CC010300 395
072CC020300 0
072DD010300 43
<PAGE> PAGE 15
072DD020300 0
072EE000300 0
073 A010300 0.0500
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 5190
074 D000300 0
074 E000300 0
074 F000300 17463
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 3392
074 K000300 8
074 L000300 317
074 M000300 0
074 N000300 26370
074 O000300 8292
074 P000300 7
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 73
074 S000300 0
074 T000300 17998
074 U010300 1058
074 U020300 0
074 V010300 17.01
074 V020300 0.00
074 W000300 0.0000
074 X000300 166
074 Y000300 0
075 A000300 0
075 B000300 10604
076 000300 0.00
SIGNATURE GREGORY M. MCMURRAN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894386
<NAME> ANALYTIC SERIES FUND
<SERIES>
<NUMBER> 01
<NAME> SHORT-TERM GOVERNMENT PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 3,365,181
<INVESTMENTS-AT-VALUE> 3,365,320
<RECEIVABLES> 71,576
<ASSETS-OTHER> 9,727
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,446,623
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 37,557
<TOTAL-LIABILITIES> 37,557
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,212,269
<SHARES-COMMON-STOCK> 347,475
<SHARES-COMMON-PRIOR> 303,637
<ACCUMULATED-NII-CURRENT> 373
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (804,384)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 808
<NET-ASSETS> 3,409,066
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 104,411
<OTHER-INCOME> 0
<EXPENSES-NET> (9,740)
<NET-INVESTMENT-INCOME> 94,671
<REALIZED-GAINS-CURRENT> (6,611)
<APPREC-INCREASE-CURRENT> 6,183
<NET-CHANGE-FROM-OPS> 94,243
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (94,671)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 76,821
<NUMBER-OF-SHARES-REDEEMED> (42,488)
<SHARES-REINVESTED> 9,505
<NET-CHANGE-IN-ASSETS> 431,950
<ACCUMULATED-NII-PRIOR> 373
<ACCUMULATED-GAINS-PRIOR> (797,773)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,919
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 63,567
<AVERAGE-NET-ASSETS> 3,273,407
<PER-SHARE-NAV-BEGIN> 9.81
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.81
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894386
<NAME> ANALYTIC SERIES FUND
<SERIES>
<NUMBER> 02
<NAME> MASTER FIXED INCOME PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 5,225,543
<INVESTMENTS-AT-VALUE> 5,253,228
<RECEIVABLES> 96,948
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,454
<PAYABLE-FOR-SECURITIES> 663
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 122,940
<TOTAL-LIABILITIES> 123,603
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,221,318
<SHARES-COMMON-STOCK> 586,926
<SHARES-COMMON-PRIOR> 645,955
<ACCUMULATED-NII-CURRENT> 1,406
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,381)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,684
<NET-ASSETS> 5,246,027
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 141,911
<OTHER-INCOME> 0
<EXPENSES-NET> (20,328)
<NET-INVESTMENT-INCOME> 121,583
<REALIZED-GAINS-CURRENT> 37,219
<APPREC-INCREASE-CURRENT> 17,074
<NET-CHANGE-FROM-OPS> 175,876
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (121,583)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 174,319
<NUMBER-OF-SHARES-REDEEMED> (246,464)
<SHARES-REINVESTED> 13,116
<NET-CHANGE-IN-ASSETS> (465,533)
<ACCUMULATED-NII-PRIOR> 1,406
<ACCUMULATED-GAINS-PRIOR> (47,600)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,167
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 82,641
<AVERAGE-NET-ASSETS> 4,553,563
<PER-SHARE-NAV-BEGIN> 8.84
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.10
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.94
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894386
<NAME> ANALYTIC SERIES FUND
<SERIES>
<NUMBER> 03
<NAME> ENHANCED EQUITY PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 21,754,722
<INVESTMENTS-AT-VALUE> 22,652,444
<RECEIVABLES> 3,717,320
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,369,764
<PAYABLE-FOR-SECURITIES> 8,291,682
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99,625
<TOTAL-LIABILITIES> 8,371,307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,346,698
<SHARES-COMMON-STOCK> 1,058,237
<SHARES-COMMON-PRIOR> 534,370
<ACCUMULATED-NII-CURRENT> 4,633
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,753,404
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 893,722
<NET-ASSETS> 17,998,457
<DIVIDEND-INCOME> 79,125
<INTEREST-INCOME> 21,561
<OTHER-INCOME> 0
<EXPENSES-NET> (52,631)
<NET-INVESTMENT-INCOME> 48,055
<REALIZED-GAINS-CURRENT> 1,765,718
<APPREC-INCREASE-CURRENT> 395,490
<NET-CHANGE-FROM-OPS> 2,290,263
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (42,766)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 623,838
<NUMBER-OF-SHARES-REDEEMED> (102,439)
<SHARES-REINVESTED> 2,468
<NET-CHANGE-IN-ASSETS> 10,667,615
<ACCUMULATED-NII-PRIOR> (656)
<ACCUMULATED-GAINS-PRIOR> (12,314)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 31,374
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 102,836
<AVERAGE-NET-ASSETS> 10,603,871
<PER-SHARE-NAV-BEGIN> 13.72
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 3.28
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.01
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
