PARKSTONE ADVANTAGE FUND
NSAR-A, 1996-08-27
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000908823
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE PARKSTONE ADVANTAGE FUND
001 B000000 811-7850
001 C000000 9132953227
002 A000000 700 HARRISON STREET
002 B000000 TOPEKA
002 C000000 KS
002 D010000 66636
002 D020000 0001
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 PRIME OBLIGATIONS FUND
007 C030100 N
007 C010200  2
007 C020200 EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 SMALL CAPITALIZATION FUND
007 C030300 N
007 C010400  4
007 C020400 BOND FUND
007 C030400 N
007 C010500  5
007 C020500 INTERNATIONAL DISCOVERY FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 SECURITY MANAGEMENT COMPANY
010 B00AA01 84-01497
010 C01AA01 TOPEKA
010 C02AA01 KS
010 C03AA01 66636
010 C04AA01 0001
011 A00AA01 SECURITY DISTRIBUTORS, INC
011 B00AA01 8-10781
<PAGE>      PAGE  2
011 C01AA01 TOPEKA
011 C02AA01 KS
011 C03AA01 66636
011 C04AA01 0001
012 A00AA01 SECURITY MANAGEMENT COMPANY
012 B00AA01 84-01497
012 C01AA01 TOPEKA
012 C02AA01 KS
012 C03AA01 66636
012 C04AA01 0001
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64105
013 B04AA01 2143
014 A00AA01 SECURITY DISTRIBUTORS, INC
014 B00AA01 8-10781
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    5
019 C00AA00 PARKSTONEF
020 A000001 BRIDGE TRADING COMPANY
020 B000001 43-1450530
020 C000001      7
020 A000002 BARING SECURITIES, INC.
020 B000002 04-2455153
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020 A000003 MORGAN GRENFELL & COMPANY, LTD.
020 B000003 N/A
020 C000003      4
020 A000004 MIDWOOD SECURITIES, INC.
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020 A000005 CREDIT AGRICOLE SECURITIES, INC.
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020 A000007 NIKKO SECURITIES COMPANY INT'L, INC. (THE)
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020 A000010 BARCLAYS DE ZOELE WEDD, INC.
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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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  14
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<PAGE>      PAGE  16
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048 A020400 0.000
<PAGE>      PAGE  19
048 B010400        0
048 B020400 0.000
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048 C020400 0.000
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048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
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   9.3
062 M000400  30.9
062 N000400  29.2
062 O000400   0.0
062 P000400  30.6
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400 13.2
064 A000400 N
066 A000400 N
<PAGE>      PAGE  20
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 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     11543
071 B000400     10142
071 C000400      6679
071 D000400  305
072 A000400  6
072 B000400      221
072 C000400       15
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072 E000400        0
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072 G000400        7
<PAGE>      PAGE  21
072 H000400        0
072 I000400        0
072 J000400        0
072 K000400        0
072 L000400        0
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072 O000400        0
072 P000400        0
072 Q000400        8
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072 Y000400        0
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072CC020400      290
072DD010400        0
072DD020400        0
072EE000400        0
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
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074 F000400        0
074 G000400        0
074 H000400        0
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074 M000400        7
074 N000400     7930
074 O000400        0
074 P000400        9
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
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<PAGE>      PAGE  22
074 S000400        0
074 T000400     7920
074 U010400   770047
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074 V010400    10.28
074 V020400     0.00
074 W000400   0.0000
074 X000400        9
074 Y000400        0
075 A000400        0
075 B000400     7144
076  000400     0.00
008 A000501 FIRST OF AMERICA INVESTMENT CORPORATION
008 B000501 A
008 C000501 801-446
008 D010501 KALAMAZOO
008 D020501 MI
008 D030501 49007
008 A000502 GULFSTREAM GLOBAL INVESTORS, LTD.
008 B000502 S
008 C000502 801-38015
008 D010502 DALLAS
008 D020502 TX
008 D030502 75201
015 A000501 UNION BANK OF CALIFORNIA, N.A.
015 B000501 C
015 C010501 SAN FRANCISCO
015 C020501 CA
015 C030501 94104
015 E010501 X
028 A010500       248
028 A020500         0
028 A030500         0
028 A040500       123
028 B010500       157
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028 B030500         0
028 B040500        55
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<PAGE>      PAGE  23
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028 G010500      2045
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045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.000
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048 A020500 1.250
048 B010500    50000
048 B020500 1.200
048 C010500   300000
048 C020500 1.150
048 D010500 99999999
048 D020500 1.050
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048 F020500 0.000
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048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
049  000500 N
050  000500 N
051  000500 N
052  000500 N
053 A000500 N
055 A000500 N
055 B000500 N
056  000500 Y
057  000500 N
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
<PAGE>      PAGE  24
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  0.0
066 A000500 Y
066 D000500 Y
067  000500 N
068 A000500 N
068 B000500 Y
069  000500 N
070 A010500 Y
070 A020500 N
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 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
<PAGE>      PAGE  25
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500      4985
071 B000500      2949
071 C000500     11694
071 D000500   51
072 A000500  6
072 B000500       27
072 C000500      108
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072 E000500      -16
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072 G000500       13
072 H000500        0
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072 J000500       26
072 K000500        0
072 L000500        0
072 M000500        2
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072 Q000500        0
072 R000500        7
072 S000500        0
072 T000500        0
072 U000500        1
072 V000500        0
072 W000500        3
072 X000500      131
072 Y000500        0
072 Z000500      -12
072AA000500      106
072BB000500        0
072CC010500     1165
072CC020500        0
072DD010500        0
072DD020500        0
072EE000500        0
073 A010500   0.0000
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500     1503
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500    13315
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<PAGE>      PAGE  26
074 H000500        0
074 I000500        0
074 J000500       44
074 K000500       12
074 L000500       38
074 M000500        4
074 N000500    14916
074 O000500      304
074 P000500       13
074 Q000500        0
074 R010500        0
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074 R030500        0
074 R040500       11
074 S000500        0
074 T000500    14588
074 U010500  1247558
074 U020500        0
074 V010500    11.69
074 V020500     0.00
074 W000500   0.0000
074 X000500        9
074 Y000500        0
075 A000500        0
075 B000500    12785
076  000500     0.00
SIGNATURE   JAMES R. SCHMANK                             
TITLE       CHAIRMAN            
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908823
<NAME> THE PARKSTONE ADVANTAGE FUND
<SERIES>
   <NUMBER> 01
   <NAME> PRIME OBLIGATION FUND
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
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<SENIOR-EQUITY>                                      0
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<NUMBER-OF-SHARES-SOLD>                           4334
<NUMBER-OF-SHARES-REDEEMED>                       1819
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<EXPENSE-RATIO>                                   1.24
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908823
<NAME> THE PARKSTONE ADVANTAGE FUND
<SERIES>
   <NUMBER> 02
   <NAME> EQUITY FUND
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            15521
<INVESTMENTS-AT-VALUE>                           19903
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<ASSETS-OTHER>                                      13
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   20016
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<OTHER-ITEMS-LIABILITIES>                           37
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         14880
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<SHARES-COMMON-PRIOR>                             1204
<ACCUMULATED-NII-CURRENT>                         (66)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            783
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<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (654)
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<EXPENSE-RATIO>                                   1.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908823
<NAME> THE PARKSTONE ADVANTAGE FUND
<SERIES>
   <NUMBER> 03
   <NAME> SMALL CAPITALIZATION FUND
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            12952
<INVESTMENTS-AT-VALUE>                           20126
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<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                              845
<ACCUMULATED-NII-CURRENT>                         (88)
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<DIVIDEND-INCOME>                                   31
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            192
<NUMBER-OF-SHARES-REDEEMED>                         45
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            6811
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (169)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               80
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    119
<AVERAGE-NET-ASSETS>                             16101
<PER-SHARE-NAV-BEGIN>                            15.71
<PER-SHARE-NII>                                  (.09)
<PER-SHARE-GAIN-APPREC>                           4.64
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.26
<EXPENSE-RATIO>                                   1.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908823
<NAME> THE PARKSTONE ADVANTAGE FUND
<SERIES>
   <NUMBER> 04
   <NAME> BOND FUND
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                             7905
<INVESTMENTS-AT-VALUE>                            7827
<RECEIVABLES>                                       95
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                    7930
<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                           10
<TOTAL-LIABILITIES>                                 10
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          7736
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<SHARES-COMMON-PRIOR>                              644
<ACCUMULATED-NII-CURRENT>                          465
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (203)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (78)
<NET-ASSETS>                                      7920
<DIVIDEND-INCOME>                                   15
<INTEREST-INCOME>                                  221
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      51
<NET-INVESTMENT-INCOME>                            185
<REALIZED-GAINS-CURRENT>                          (32)
<APPREC-INCREASE-CURRENT>                        (290)
<NET-CHANGE-FROM-OPS>                            (137)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            151
<NUMBER-OF-SHARES-REDEEMED>                         25
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            1162
<ACCUMULATED-NII-PRIOR>                            280
<ACCUMULATED-GAINS-PRIOR>                        (171)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               26
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     51
<AVERAGE-NET-ASSETS>                              7144
<PER-SHARE-NAV-BEGIN>                             10.5
<PER-SHARE-NII>                                    .17
<PER-SHARE-GAIN-APPREC>                          (.39)
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<PER-SHARE-DISTRIBUTIONS>                            0
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<PER-SHARE-NAV-END>                              10.28
<EXPENSE-RATIO>                                   1.43
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908823
<NAME> THE PARKSTONE ADVANTAGE FUND
<SERIES>
   <NUMBER> 05
   <NAME> INTERNATIONAL DISCOVERY FUND
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                            10947
<INVESTMENTS-AT-VALUE>                           13315
<RECEIVABLES>                                       89
<ASSETS-OTHER>                                    1512
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   14916
<PAYABLE-FOR-SECURITIES>                           304
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           24
<TOTAL-LIABILITIES>                                328
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         12783
<SHARES-COMMON-STOCK>                             1248
<SHARES-COMMON-PRIOR>                             1099
<ACCUMULATED-NII-CURRENT>                           39
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (602)
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<ACCUM-APPREC-OR-DEPREC>                          2368
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<DIVIDEND-INCOME>                                   92
<INTEREST-INCOME>                                   27
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     131
<NET-INVESTMENT-INCOME>                           (12)
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<APPREC-INCREASE-CURRENT>                         1165
<NET-CHANGE-FROM-OPS>                             1259
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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