SCHRODER SERIES TRUST
NSAR-B, 1998-12-29
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<PAGE>      PAGE  1
000 B000000 10/31/98
000 C000000 0000908802
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCHRODER SERIES TRUST
001 B000000 811-7840
001 C000000 2126413900
002 A000000 787 SEVENTH AVE 34TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 SCHRODER LARGE CAPITALIZATION EQUITY FUND
007 C030100 N
007 C010200  2
007 C020200 SCHRODER SMALL CAPITALIZATION VALUE FUND
007 C030200 N
007 C010300  3
007 C020300 SCHRODER MIDCAP VALUE FUND
007 C030300 N
007 C010400  4
007 C020400 SCHRODER INVESTMENT GRADE INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 SCHRODER SHORT-TERM INVESTMENT FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 SCHRODER CAPITAL MANAGEMENT INC.
008 B00AA01 A
008 C00AA01 801-8415
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
010 A00AA01 STATE STREET BANK AND TRUST COMPANY
010 B00AA01 85-05003
010 C01AA01 BOSTON
<PAGE>      PAGE  2
010 C02AA01 MA
010 C03AA01 02210
011 A00AA01 SCHRODER FUND ADVISERS, INC.
011 B00AA01 8-16918
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02210
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10105
014 A00AA01 LEWCO SECURITIES
014 B00AA01 8-6661
014 A00AA02 SCHRODER & CO., INC.
014 B00AA02 8-016612
014 A00AA03 SCHRODER FUND ADVISERS, INC.
014 B00AA03 8-24129
014 A00AA04 SCHRODER STRUCTURED INVESTMENTS, INC.
014 B00AA04 8-27173
014 A00AA05 ONE WALL STREET PARTNERS, L.P.
014 B00AA05 8-33933
014 A00AA06 WSCI, L.P.
014 B00AA06 8-29018
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 N
019 B00AA00    0
020 A000001 MORGAN STANLEY
020 B000001 13-2655998
020 C000001     46
020 A000002 SMITH BARNEY INC
020 B000002 13-1912900
020 C000002     34
020 A000003 MERRRILL LYNCH PIERCE FENNER
020 B000003 13-5674085
020 C000003     33
020 A000004 JEFFERIES & CO
020 B000004 13-5659485
020 C000004     25
020 A000005 CS FIRST BOSTON CORP
020 B000005 13-5659485
<PAGE>      PAGE  3
020 C000005     24
020 A000006 DONALDSON, LUFKIN & JENRETTE
020 B000006 13-2741729
020 C000006     22
020 A000007 NATIONSBANC MONTGOMERY SEC
020 B000007 94-1701676
020 C000007     19
020 A000008 WEEDEN & CO
020 C000008     17
020 A000009 ALEX BROWN
020 B000009 52-1319768
020 C000009     15
020 A000010 BEAR, STEARNS SECURITIES
020 B000010 13-3299429
020 C000010     14
021  000000      482
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 B000001 04-1867445
022 C000001   1125132
022 D000001     83406
022 A000002 MERRILL LYNCH PIERCE FENNER
022 B000002 13-5674085
022 C000002     19157
022 D000002      5365
022 A000003 GOLDMAN SACHS & CO
022 B000003 13-5108880
022 C000003     14405
022 D000003      5907
022 A000004 MORGAN STANLEY AND CO
022 B000004 13-2655998
022 C000004      7839
022 D000004      3509
022 A000005 SMITH BARNEY INC
022 B000005 13-1912900
022 C000005      1862
022 D000005      8114
022 A000006 CHASE MANHATTAN BANK
022 B000006 13-3112953
022 C000006      7271
022 D000006      1986
022 A000007 LEHMAN BROS INC
022 B000007  3-2518466
022 C000007      4126
022 D000007      4560
022 A000008 MORGAN,J.P.,SECURITIES
022 B000008 13-3224016
022 C000008      5178
022 D000008      2842
022 A000009 SALOMON BROTHWES INC
022 C000009      5648
022 D000009      2297
<PAGE>      PAGE  4
022 A000010 CS FIRST BOSTON CORP
022 B000010 13-5659485
022 C000010      3844
022 D000010      3359
023 C000000    1243853
023 D000000     158833
026 A000000 N
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<PAGE>      PAGE  5
054 C00AA00 N
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077 A000000 Y
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080 A00AA00 GULF INSURANCE CO
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
070 J010100 Y
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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024  000400 Y
025 A000401 DONALDSON, LUFFIN & JENRETTE, INC
025 B000401 13-2741729
025 C000401 D
025 D000401     436
025 A000402 LEHMAN BROTHERS HOLDINGS, INC
025 B000402 13-2518466
025 C000402 D
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025 A000403 MERRILL LYNCH & CO INC
025 B000403 13-5674085
025 C000403 D
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025 A000404 PAINE WEBBER GROUP, INC
025 C000404 D
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<PAGE>      PAGE  18
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048 F020400 0.000
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<PAGE>      PAGE  19
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048 I020400 0.000
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062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   2.7
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062 P000400  32.0
062 Q000400   6.8
062 R000400   0.0
063 A000400   0
063 B000400  9.8
064 A000400 Y
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
<PAGE>      PAGE  20
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
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072AA000400      973
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<PAGE>      PAGE  21
072CC010400        0
072CC020400      316
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072EE000400        0
073 A010400   0.5405
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400        0
074 D000400    27542
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074 F000400        0
074 G000400        0
074 H000400        0
074 I000400      752
074 J000400      463
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075 B000400    27084
076  000400     0.00
024  000500 Y
025 A000501 MERRILL LYNCH & CO INC
025 B000501 13-5674085
025 C000501 D
025 D000501     995
025 A000502 MORGAN, J.P. & CO., INC
025 C000502 D
025 D000502     994
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<PAGE>      PAGE  22
028 A020500       104
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045  000500 Y
046  000500 N
047  000500 Y
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<PAGE>      PAGE  23
048 J020500 0.000
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062 A000500 Y
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062 E000500   0.0
062 F000500   3.3
062 G000500   0.0
062 H000500   0.0
062 I000500  29.7
062 J000500   0.0
062 K000500   0.0
062 L000500   5.1
062 M000500   0.0
062 N000500  26.7
062 O000500   0.0
062 P000500   7.1
062 Q000500  35.1
062 R000500   0.0
063 A000500 305
063 B000500  0.0
064 A000500 Y
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
<PAGE>      PAGE  24
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
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<PAGE>      PAGE  25
072EE000500        0
073 A010500   0.4609
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074 G000500        0
074 H000500        0
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074 J000500        0
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074 W000500   0.0000
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074 Y000500        0
075 A000500        0
075 B000500    28577
076  000500     0.00
SIGNATURE   BARBARA GOTTLIEB                             
TITLE       ASST. CLERK         
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUS	T
<SERIES>	
<NUMBER> 1	
<NAME> SCHRODER LARGE CA	PITALIZATION FUND
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
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<PER-SHARE-NAV-END>	14.75
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<AVG-DEBT-PER-SHARE>	0
        	


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUST	
<SERIES>	
<NUMBER> 21	
<NAME> SCHRODER SMALL CAPIT	ALIZATION FUND
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
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<RECEIVABLES>	195513
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<OTHER-ITEMS-ASSETS>	0
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<OTHER-ITEMS-LIABILITIES>	105830
<TOTAL-LIABILITIES>	227909
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<ACCUMULATED-NII-CURRENT>	0
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<GROSS-EXPENSE>	1169545
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<PER-SHARE-NAV-BEGIN>	17.67
<PER-SHARE-NII>	-0.02
<PER-SHARE-GAIN-APPREC>	-2.05
<PER-SHARE-DIVIDEND>	0
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<PER-SHARE-NAV-END>	12.91
<EXPENSE-RATIO>	1.29
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUST	
<SERIES>	
<NUMBER> 22	
<NAME> SCHRODER SMALL CAPI	TALIZATION FUND
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
<INVESTMENTS-AT-COST>	58584608
<INVESTMENTS-AT-VALUE>	67873514
<RECEIVABLES>	195513
<ASSETS-OTHER>	21490
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	68090517
<PAYABLE-FOR-SECURITIES>	122079
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	105830
<TOTAL-LIABILITIES>	227909
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	57414022
<SHARES-COMMON-STOCK>	3813
<SHARES-COMMON-PRIOR>	3180
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	1159680
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	9288906
<NET-ASSETS>	49035
<DIVIDEND-INCOME>	808836
<INTEREST-INCOME>	223584
<OTHER-INCOME>	0
<EXPENSES-NET>	1155604
<NET-INVESTMENT-INCOME>	-123184
<REALIZED-GAINS-CURRENT>	1642336
<APPREC-INCREASE-CURRENT>	-13419656
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<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	3017
<DISTRIBUTIONS-OTHER>	0
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<NUMBER-OF-SHARES-REDEEMED>	3566
<SHARES-REINVESTED>	81
<NET-CHANGE-IN-ASSETS>	-28902610
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<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	1169545
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<PER-SHARE-NAV-BEGIN>	17.67
<PER-SHARE-NII>	-0.02
<PER-SHARE-GAIN-APPREC>	-2.1
<PER-SHARE-DIVIDEND>	0
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<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	12.86
<EXPENSE-RATIO>	1.54
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUST	
<SERIES>	
<NUMBER> 31	
<NAME> SCHRODER MIDCAP VALUE	FUND
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
<INVESTMENTS-AT-COST>	10300355
<INVESTMENTS-AT-VALUE>	10593252
<RECEIVABLES>	29780
<ASSETS-OTHER>	18338
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	10641370
<PAYABLE-FOR-SECURITIES>	66115
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<OTHER-ITEMS-LIABILITIES>	88464
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<ACCUMULATED-NII-CURRENT>	4932
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	-1372470
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<ACCUM-APPREC-OR-DEPREC>	292897
<NET-ASSETS>	10483466
<DIVIDEND-INCOME>	109250
<INTEREST-INCOME>	40633
<OTHER-INCOME>	0
<EXPENSES-NET>	157221
<NET-INVESTMENT-INCOME>	-7338
<REALIZED-GAINS-CURRENT>	-1230448
<APPREC-INCREASE-CURRENT>	234550
<NET-CHANGE-FROM-OPS>	-1003236
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
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<NUMBER-OF-SHARES-SOLD>	612837
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<SHARES-REINVESTED>	0
<NET-CHANGE-IN-ASSETS>	421275
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	-144375
<OVERDISTRIB-NII-PRIOR>	0
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<GROSS-ADVISORY-FEES>	104762
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	287489
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<PER-SHARE-NAV-BEGIN>	10.36
<PER-SHARE-NII>	-0.01
<PER-SHARE-GAIN-APPREC>	-0.63
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	0
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.72
<EXPENSE-RATIO>	1.35
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUST	
<SERIES>	
<NUMBER> 32	
<NAME> SCHRODER MIDCAP VALU	E FUND
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
<INVESTMENTS-AT-COST>	10300355
<INVESTMENTS-AT-VALUE>	10593252
<RECEIVABLES>	29780
<ASSETS-OTHER>	18338
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	10641370
<PAYABLE-FOR-SECURITIES>	66115
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	88464
<TOTAL-LIABILITIES>	154579
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	11561432
<SHARES-COMMON-STOCK>	342
<SHARES-COMMON-PRIOR>	0
<ACCUMULATED-NII-CURRENT>	4932
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	-1372470
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	292897
<NET-ASSETS>	3325
<DIVIDEND-INCOME>	109250
<INTEREST-INCOME>	40633
<OTHER-INCOME>	0
<EXPENSES-NET>	157221
<NET-INVESTMENT-INCOME>	-7338
<REALIZED-GAINS-CURRENT>	-1230448
<APPREC-INCREASE-CURRENT>	234550
<NET-CHANGE-FROM-OPS>	-1003236
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	342
<NUMBER-OF-SHARES-REDEEMED>	0
<SHARES-REINVESTED>	0
<NET-CHANGE-IN-ASSETS>	421275
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	104762
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	287489
<AVERAGE-NET-ASSETS>	2577
<PER-SHARE-NAV-BEGIN>	9.3
<PER-SHARE-NII>	0
<PER-SHARE-GAIN-APPREC>	0.42
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	0
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.72
<EXPENSE-RATIO>	1.6
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUST	
<SERIES>	
<NUMBER> 4	
<NAME> SCHRODER INVESTMENT	GRADE
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
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<INTEREST-INCOME>	1719619
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<EXPENSES-NET>	240654
<NET-INVESTMENT-INCOME>	1478965
<REALIZED-GAINS-CURRENT>	937282
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<NET-CHANGE-FROM-OPS>	2100199
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6	
<CIK> 0000908802	
<NAME> SCHRODER SERIES TRUST	
<SERIES>	
<NUMBER> 5	
<NAME> SCHRODER SHORT-TERM	INVESTMENT FUND
       	
<S>	<C>
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1998
<PERIOD-END>	OCT-31-1998
<INVESTMENTS-AT-COST>	32017605
<INVESTMENTS-AT-VALUE>	32156725
<RECEIVABLES>	255989
<ASSETS-OTHER>	6865
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	32419579
<PAYABLE-FOR-SECURITIES>	2050537
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	314824
<TOTAL-LIABILITIES>	2365361
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	30030263
<SHARES-COMMON-STOCK>	3034881
<SHARES-COMMON-PRIOR>	2771195
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	-3572
<ACCUMULATED-NET-GAINS>	-111593
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	139120
<NET-ASSETS>	30054218
<DIVIDEND-INCOME>	0
<INTEREST-INCOME>	1622892
<OTHER-INCOME>	0
<EXPENSES-NET>	294246
<NET-INVESTMENT-INCOME>	1328646
<REALIZED-GAINS-CURRENT>	-74
<APPREC-INCREASE-CURRENT>	113160
<NET-CHANGE-FROM-OPS>	1441732
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	1334421
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	2559113
<NUMBER-OF-SHARES-REDEEMED>	2430714
<SHARES-REINVESTED>	135287
<NET-CHANGE-IN-ASSETS>	2707912
<ACCUMULATED-NII-PRIOR>	977
<ACCUMULATED-GAINS-PRIOR>	-108961
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	114344
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	320579
<AVERAGE-NET-ASSETS>	28576868
<PER-SHARE-NAV-BEGIN>	9.87
<PER-SHARE-NII>	0.46
<PER-SHARE-GAIN-APPREC>	0.03
<PER-SHARE-DIVIDEND>	-0.46
<PER-SHARE-DISTRIBUTIONS>	0
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.9
<EXPENSE-RATIO>	1.03
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	


</TABLE>


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