<PAGE> PAGE 1
000 B000000 03/31/97
000 C000000 0000904046
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 LEGG MASON INVESTORS TRUST, INC
001 B000000 811-7692
001 C000000 4105390000
002 A000000 111 SOUTH CALVERT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21203
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 AMERICAN LEADING COMPANIES TRUST
007 C030100 N
007 C010200 2
007 C020200 BALANCED TRUST
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 LEGG MASON FUND ADVISER, INC.
010 B00AA01 801-16958
010 C01AA01 BALTIMORE
010 C02AA01 MD
010 C03AA01 21203
011 A00AA01 LEGG MASON WOOD WALKER, INCORPORATED
011 B00AA01 8-01-6767
011 C01AA01 BALTIMORE
011 C02AA01 MD
011 C03AA01 21203
012 A00AA01 BOSTON FINANCIAL DATA SERVICES, INC.
012 B00AA01 84-00896
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02105
<PAGE> PAGE 2
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21201
014 A00AA01 LEGG MASON WOOD WALKER, INCORPORATED
014 B00AA01 8-01-6767
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 17
019 C00AA00 LEGGMASONW
020 A000001 MIDWOOD SECURITIES, INC
020 B000001 13-3501439
020 C000001 17
020 A000002 GOLDMAN SACHS
020 B000002 13-5108880
020 C000002 12
020 A000003 BERSTEIN (SANFORD C.) & CO., INC.
020 B000003 13-2625874
020 C000003 11
020 A000004 FACTSET DATA SYSTEMS, INC.
020 B000004 13-2953224
020 C000004 11
020 A000005 NATWEST INC.
020 B000005 13-3312778
020 C000005 10
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000006 13-5674085
020 C000006 9
020 A000007 JEFFERIES & CO.
020 B000007 95-2622900
020 C000007 9
020 A000008 CHARLES SCHWAB & CO., INC.
020 B000008 94-1737782
020 C000008 8
020 A000009 THOMSON INSTITUTIONAL SERICES INC.
020 B000009 13-3566424
020 C000009 7
020 A000010 BEAR, STEARNS & CO. INC.
020 B000010 13-3299429
020 C000010 6
021 000000 144
022 A000001 PRUDENTIAL SECURITIES INCORPORATED
022 B000001 22-2347336
022 C000001 533215
022 D000001 0
<PAGE> PAGE 3
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002 278867
022 D000002 0
022 A000003 SMITH BARNEY, INC.
022 B000003 13-1912900
022 C000003 153817
022 D000003 0
022 A000004 STATE STREET BANK & TRUST COMPANY, N A
022 B000004 04-1867445
022 C000004 55873
022 D000004 0
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
022 C000005 33813
022 D000005 0
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 24492
022 D000006 1068
022 A000007 CS FIRST BOSTON CORP
022 B000007 13-5659485
022 C000007 12139
022 D000007 239
022 A000008 MORGAN STANLEY AND CO., INC.
022 B000008 13-2655998
022 C000008 5073
022 D000008 0
022 A000009 MORGAN (J.P.) SECURITIES INC.
022 B000009 13-3224016
022 C000009 4748
022 D000009 0
022 A000010 SPEAR, LEEDS & KELLOGG SECURITIES
022 B000010 13-5515160
022 C000010 4748
022 D000010 0
023 C000000 1114403
023 D000000 2821
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
077 O000000 Y
<PAGE> PAGE 4
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 18000
081 B00AA00 37
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
008 A000101 LEGG MASON CAPITAL MANAGEMENT, INC.
008 B000101 A
008 C000101 801-18115
008 D010101 BALTIMORE
008 D020101 MD
008 D030101 21203
008 A000102 DELETE
024 000100 Y
025 A000101 J.P. MORGAN & CO., INC.
025 B000101 13-3224016
025 C000101 E
025 D000101 1769
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 990
028 A020100 0
028 A030100 0
028 A040100 1172
028 B010100 1174
028 B020100 0
028 B030100 0
028 B040100 777
028 C010100 1677
028 C020100 2931
028 C030100 0
028 C040100 1684
028 D010100 3843
028 D020100 0
028 D030100 0
028 D040100 1012
028 E010100 6350
028 E020100 0
028 E030100 0
028 E040100 1186
<PAGE> PAGE 5
028 F010100 5581
028 F020100 0
028 F030100 0
028 F040100 1230
028 G010100 19615
028 G020100 2931
028 G030100 0
028 G040100 7062
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 858
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.750
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
<PAGE> PAGE 6
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
054 A000100 Y
054 B000100 N
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 Y
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 1000
062 A000100 N
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 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
<PAGE> PAGE 7
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
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 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 50086
<PAGE> PAGE 8
071 B000100 45539
071 C000100 81797
071 D000100 56
072 A000100 12
072 B000100 227
072 C000100 1488
072 D000100 0
072 E000100 0
072 F000100 643
072 G000100 0
072 H000100 0
072 I000100 71
072 J000100 69
072 K000100 8
072 L000100 17
072 M000100 9
072 N000100 22
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 23
072 S000100 22
072 T000100 858
072 U000100 18
072 V000100 0
072 W000100 7
072 X000100 1767
072 Y000100 94
072 Z000100 42
072AA000100 9367
072BB000100 0
072CC010100 8419
072CC020100 0
072DD010100 137
072DD020100 1
072EE000100 2901
073 A010100 0.0200
073 A020100 0.1200
073 B000100 0.4800
073 C000100 0.0000
074 A000100 0
074 B000100 9041
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 96637
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
<PAGE> PAGE 9
074 L000100 686
074 M000100 28
074 N000100 106392
074 O000100 936
074 P000100 156
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 433
074 S000100 0
074 T000100 104867
074 U010100 7112
074 U020100 4
074 V010100 14.71
074 V020100 0.00
074 W000100 0.0000
074 X000100 8487
074 Y000100 0
075 A000100 0
075 B000100 85777
076 000100 0.00
008 A000201 BARTLETT & CO
008 B000201 A
008 C000201 801-21
008 D010201 CINCINNATI
008 D020201 OH
008 D030201 45202
024 000200 Y
025 A000201 SALOMON BROTHERS
025 B000201 13-3082694
025 C000201 E
025 D000201 289
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 5240
028 A020200 0
028 A030200 0
028 A040200 15
028 B010200 5593
028 B020200 0
028 B030200 0
028 B040200 42
028 C010200 4188
028 C020200 59
028 C030200 0
<PAGE> PAGE 10
028 C040200 304
028 D010200 2159
028 D020200 2
028 D030200 0
028 D040200 641
028 E010200 1275
028 E020200 0
028 E030200 0
028 E040200 768
028 F010200 1758
028 F020200 0
028 F030200 0
028 F040200 442
028 G010200 20213
028 G020200 61
028 G030200 0
028 G040200 2212
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 45
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.750
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
<PAGE> PAGE 11
048 D020200 0.000
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
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
054 A000200 Y
054 B000200 N
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 N
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 N
054 M000200 Y
054 N000200 N
054 O000200 Y
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 1000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
<PAGE> PAGE 12
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 N
067 000200 Y
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
<PAGE> PAGE 13
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 17540
071 B000200 670
071 C000200 61008
071 D000200 1
072 A000200 6
072 B000200 184
072 C000200 81
072 D000200 0
072 E000200 0
072 F000200 45
072 G000200 0
072 H000200 0
072 I000200 6
072 J000200 33
072 K000200 2
072 L000200 7
072 M000200 6
072 N000200 8
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 12
072 S000200 11
072 T000200 45
072 U000200 8
072 V000200 0
072 W000200 1
072 X000200 184
072 Y000200 72
072 Z000200 153
072AA000200 23
072BB000200 0
072CC010200 0
072CC020200 228
072DD010200 63
072DD020200 0
072EE000200 0
073 A010200 0.0400
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 882
074 C000200 0
074 D000200 7413
074 E000200 0
074 F000200 9319
074 G000200 0
<PAGE> PAGE 14
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 400
074 M000200 78
074 N000200 18092
074 O000200 0
074 P000200 14
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 130
074 S000200 0
074 T000200 17948
074 U010200 1766
074 U020200 0
074 V010200 10.16
074 V020200 0.00
074 W000200 0.0000
074 X000200 1467
074 Y000200 0
075 A000200 0
075 B000200 12190
076 000200 0.00
SIGNATURE MARIE K. KARPINSKI
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000904046
<NAME> LEGG MASON AMERICAN LEADING COMPANIES TRUST - PRIMARY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 82,210
<INVESTMENTS-AT-VALUE> 105,678
<RECEIVABLES> 686
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106,392
<PAYABLE-FOR-SECURITIES> 936
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 589
<TOTAL-LIABILITIES> 1525
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,562
<SHARES-COMMON-STOCK> 711
<SHARES-COMMON-PRIOR> 6,224
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,837
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,468
<NET-ASSETS> 104,867
<DIVIDEND-INCOME> 1,488
<INTEREST-INCOME> 227
<OTHER-INCOME> 0
<EXPENSES-NET> 1,673
<NET-INVESTMENT-INCOME> 42
<REALIZED-GAINS-CURRENT> 9,367
<APPREC-INCREASE-CURRENT> 8,419
<NET-CHANGE-FROM-OPS> 17,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 137
<DISTRIBUTIONS-OF-GAINS> 2,899
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,720
<NUMBER-OF-SHARES-REDEEMED> (1,042)
<SHARES-REINVESTED> 210
<NET-CHANGE-IN-ASSETS> 28,767
<ACCUMULATED-NII-PRIOR> 41
<ACCUMULATED-GAINS-PRIOR> (1,574)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 643
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,767
<AVERAGE-NET-ASSETS> 85,752
<PER-SHARE-NAV-BEGIN> 12.23
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 3.00
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> (.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.74
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000904046
<NAME> NAVIGATOR AMERICAN LEADING COMPANIES TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> OCT-04-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 82,210
<INVESTMENTS-AT-VALUE> 105,678
<RECEIVABLES> 686
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106,392
<PAYABLE-FOR-SECURITIES> 936
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 589
<TOTAL-LIABILITIES> 1,525
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,562
<SHARES-COMMON-STOCK> 4
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,837
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,468
<NET-ASSETS> 104,867
<DIVIDEND-INCOME> 1,488
<INTEREST-INCOME> 227
<OTHER-INCOME> 0
<EXPENSES-NET> 1,673
<NET-INVESTMENT-INCOME> 42
<REALIZED-GAINS-CURRENT> 9,367
<APPREC-INCREASE-CURRENT> 8,419
<NET-CHANGE-FROM-OPS> 17,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1
<DISTRIBUTIONS-OF-GAINS> 2
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 28,767
<ACCUMULATED-NII-PRIOR> 41
<ACCUMULATED-GAINS-PRIOR> (1,574)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 643
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,767
<AVERAGE-NET-ASSETS> 52
<PER-SHARE-NAV-BEGIN> 13.30
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 1.94
<PER-SHARE-DIVIDEND> (.12)
<PER-SHARE-DISTRIBUTIONS> (.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.71
<EXPENSE-RATIO> .86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000904046
<NAME> LEGG MASON BALANCED TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 17,842
<INVESTMENTS-AT-VALUE> 17,614
<RECEIVABLES> 400
<ASSETS-OTHER> 78
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,092
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 144
<TOTAL-LIABILITIES> 144
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,063
<SHARES-COMMON-STOCK> 1,766
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 90
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 23
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (228)
<NET-ASSETS> 17,948
<DIVIDEND-INCOME> 81
<INTEREST-INCOME> 184
<OTHER-INCOME> 0
<EXPENSES-NET> 112
<NET-INVESTMENT-INCOME> 153
<REALIZED-GAINS-CURRENT> 23
<APPREC-INCREASE-CURRENT> (228)
<NET-CHANGE-FROM-OPS> (52)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (63)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,973
<NUMBER-OF-SHARES-REDEEMED> (213)
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> 17,947
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 184
<AVERAGE-NET-ASSETS> 12,189
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> .11
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.16
<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
