<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 58874625
<INVESTMENTS-AT-VALUE> 56522313
<RECEIVABLES> 695288
<ASSETS-OTHER> 183753
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57401354
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 563716
<TOTAL-LIABILITIES> 563716
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60639979
<SHARES-COMMON-STOCK> 6119802
<SHARES-COMMON-PRIOR> 6464834
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1368477)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2433864)
<NET-ASSETS> 56837638
<DIVIDEND-INCOME> 14936
<INTEREST-INCOME> 1711719
<OTHER-INCOME> 0
<EXPENSES-NET> 380684
<NET-INVESTMENT-INCOME> 1345971
<REALIZED-GAINS-CURRENT> (421744)
<APPREC-INCREASE-CURRENT> (31311)
<NET-CHANGE-FROM-OPS> 892916
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1345971)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 166613
<NUMBER-OF-SHARES-REDEEMED> 614099
<SHARES-REINVESTED> 97557
<NET-CHANGE-IN-ASSETS> (3654392)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 175630
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 478364
<AVERAGE-NET-ASSETS> 58519617
<PER-SHARE-NAV-BEGIN> 9.36
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> (.07)
<PER-SHARE-DIVIDEND> (.21)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.29
<EXPENSE-RATIO> 1.30<F1>
<FN>
<F1>Ratio is annualized
</FN>
</TABLE>
