<PAGE> PAGE 1
000 A000000 12/31/95
000 C000000 0000910241
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 HERCULES FUNDS INC.
001 B000000 811-7936
001 C000000 6123421100
002 A000000 222 SOUTH NINTH STREET
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
002 D020000 3804
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C020100 NORTH AMERICAN GROWTH AND INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 EUROPEAN VALUE FUND
007 C030200 N
007 C010300 3
007 C020300 PACIFIC BASIN VALUE FUND
007 C030300 N
007 C010400 4
007 C020400 LATIN AMERICAN VALUE FUND
007 C030400 N
007 C010500 5
007 C020500 WORLD BOND FUND
007 C030500 N
007 C010600 6
007 C020600 GLOBAL SHORT-TERM FUND
007 C030600 N
007 C010700 7
007 C020700 MONEY MARKET FUND
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
<PAGE> PAGE 2
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
<PAGE> PAGE 3
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
010 A00AA01 HERCULES INTERNATIONAL MANAGEMENT LLC
010 B00AA01 801-44592
010 C01AA01 MINNEAPOLIS
010 C02AA01 MN
010 C03AA01 55402
010 C04AA01 3804
011 A00AA01 PIPER JAFFRAY INC.
011 B00AA01 8-15204
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55402
011 C04AA01 3804
012 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
012 B00AA01 85-00535
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
012 C04AA01 1716
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
014 A00AA01 PIPER JAFFRAY INC.
014 B00AA01 8-15204
015 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 C04AA01 1716
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 BARING SECURITIES
020 C000001 22
<PAGE> PAGE 4
020 A000002 S.G.WARBURGS
020 C000002 19
020 A000003 MORGAN GRENFELL
020 C000003 17
020 A000004 MORGAN STANLEY
020 C000004 15
020 A000005 ROBERT FLEMING
020 C000005 12
020 A000006 SALOMON BROTHERS
020 C000006 11
020 A000007 MERRILL LYNCH
020 C000007 11
020 A000008 GOLDMAN SACHS
020 C000008 10
020 A000009 OPPENHEIMER
020 C000009 10
020 A000010 AFIN SECURITIES
020 C000010 9
021 000000 259
022 A000001 CIBC
022 C000001 122538
022 D000001 0
022 A000002 CITIBANK MEXICO
022 C000002 21669
022 D000002 0
022 A000003 LEHMAN SECURITIES
022 C000003 9812
022 D000003 11039
022 A000004 NATWEST BANCORP
022 C000004 6720
022 D000004 2289
022 A000005 BANCOMER BANK
022 C000005 6552
022 D000005 0
022 A000006 GOLDMAN SACHS
022 C000006 6077
022 D000006 2899
022 A000007 J.P. MORGAN
022 C000007 4896
022 D000007 2735
022 A000008 FUJI
022 C000008 3753
022 D000008 3963
022 A000009 GX CLARKE
022 C000009 2079
022 D000009 1466
022 A000010 BZW
022 C000010 1543
022 D000010 1885
023 C000000 194385
023 D000000 42047
<PAGE> PAGE 5
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 Y
035 00AA00 0
036 A00AA00 N
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 100
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 124
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 Y
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
<PAGE> PAGE 6
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 N
060 B00AA00 N
061 00AA00 250
077 A000000 Y
077 O000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 AETNA LIFE AND CASUALTY
080 C00AA00 2000
081 A00AA00 Y
081 B00AA00 7
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 PIPER CAPITAL MANAGEMENT
008 B000101 A
008 C000101 801-20165
008 D010101 MINNEAPOLIS
008 D020101 MN
008 D030101 55402
008 D040101 3804
008 A000102 ACCI WORLDWIDE, S.A. DE C.V.
008 B000102 S
008 C000102 801-37171
008 D010102 MEXICO CITY
008 D050102 MEXICO
008 D060102 06600
008 A000103 AGF INVESTMENT ADVISORS, INC.
<PAGE> PAGE 7
008 B000103 S
008 C000103 801-36532
008 D010103 TORONTO
008 D050103 ONTARIO, CANADA
008 D060103 M5K 1E9
024 000100 N
028 A010100 7
028 A020100 0
028 A030100 0
028 A040100 109
028 B010100 1
028 B020100 0
028 B030100 0
028 B040100 78
028 C010100 16
028 C020100 0
028 C030100 0
028 C040100 81
028 D010100 2
028 D020100 0
028 D030100 0
028 D040100 107
028 E010100 13
028 E020100 0
028 E030100 0
028 E040100 66
028 F010100 7
028 F020100 14
028 F030100 0
028 F040100 54
028 G010100 46
028 G020100 14
028 G030100 0
028 G040100 495
028 H000100 46
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
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
<PAGE> PAGE 8
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
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
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
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 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
<PAGE> PAGE 9
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 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 1750
071 B000100 5724
071 C000100 9706
071 D000100 8
072 A000100 6
072 B000100 124
072 C000100 93
072 D000100 0
072 E000100 0
072 F000100 57
072 G000100 87
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 6
072 M000100 2
072 N000100 15
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 11
072 S000100 6
<PAGE> PAGE 10
072 T000100 28
072 U000100 9
072 V000100 0
072 W000100 8
072 X000100 229
072 Y000100 115
072 Z000100 103
072AA000100 337
072BB000100 0
072CC010100 699
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.1800
074 A000100 80
074 B000100 0
074 C000100 273
074 D000100 78
074 E000100 0
074 F000100 9230
074 G000100 0
074 H000100 0
074 I000100 2
074 J000100 0
074 K000100 0
074 L000100 18
074 M000100 55
074 N000100 9736
074 O000100 13
074 P000100 12
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 52
074 S000100 0
074 T000100 9659
074 U010100 898
074 U020100 0
074 V010100 10.75
074 V020100 0.00
074 W000100 0.0000
074 X000100 2176
074 Y000100 0
075 A000100 0
075 B000100 15928
076 000100 0.00
<PAGE> PAGE 11
008 A000201 PIPER CAPITAL MANAGEMENT, INC
008 B000201 A
008 C000201 801-20165
008 D010201 MINNEAPOLIS
008 D020201 MN
008 D030201 55402
008 D040201 3804
008 A000202 PICTET INTERNATIONAL
008 B000202 S
008 C000202 801-15143
008 D010202 LONDON
008 D050202 ENGLAND
024 000200 Y
025 A000201 S.G. WARBURG
025 C000201 E
025 D000201 128
025 A000202 SMITH NEW COURT
025 C000202 E
025 D000202 211
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 12
028 A020200 0
028 A030200 0
028 A040200 67
028 B010200 25
028 B020200 0
028 B030200 0
028 B040200 60
028 C010200 27
028 C020200 0
028 C030200 0
028 C040200 85
028 D010200 31
028 D020200 0
028 D030200 0
028 D040200 116
028 E010200 45
028 E020200 0
028 E030200 0
028 E040200 80
028 F010200 21
028 F020200 154
028 F030200 0
028 F040200 73
028 G010200 161
028 G020200 154
<PAGE> PAGE 12
028 G030200 0
028 G040200 481
028 H000200 161
045 000200 Y
046 000200 N
047 000200 Y
048 000200 1.000
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
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
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 N
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 0.0
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
<PAGE> PAGE 13
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
070 A010200 Y
070 A020200 N
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 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
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 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 8766
071 B000200 13077
071 C000200 15244
071 D000200 58
<PAGE> PAGE 14
072 A000200 6
072 B000200 3
072 C000200 130
072 D000200 0
072 E000200 0
072 F000200 82
072 G000200 103
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 7
072 M000200 2
072 N000200 15
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 14
072 S000200 6
072 T000200 41
072 U000200 9
072 V000200 0
072 W000200 8
072 X000200 287
072 Y000200 123
072 Z000200 -31
072AA000200 635
072BB000200 0
072CC010200 360
072CC020200 0
072DD010200 192
072DD020200 0
072EE000200 1431
073 A010200 0.1500
073 A020200 0.0000
073 B000200 1.0800
073 C000200 0.0200
074 A000200 281
074 B000200 0
074 C000200 0
074 D000200 61
074 E000200 415
074 F000200 13662
074 G000200 0
074 H000200 0
074 I000200 36
074 J000200 190
074 K000200 0
074 L000200 73
074 M000200 177
074 N000200 14895
<PAGE> PAGE 15
074 O000200 0
074 P000200 19
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 54
074 S000200 0
074 T000200 14822
074 U010200 1413
074 U020200 0
074 V010200 10.49
074 V020200 0.00
074 W000200 0.0000
074 X000200 2535
074 Y000200 0
075 A000200 0
075 B000200 16244
076 000200 0.00
024 000300 N
028 A010300 85
028 A020300 0
028 A030300 0
028 A040300 178
028 B010300 53
028 B020300 0
028 B030300 0
028 B040300 102
028 C010300 68
028 C020300 0
028 C030300 0
028 C040300 223
028 D010300 18
028 D020300 0
028 D030300 0
028 D040300 167
028 E010300 29
028 E020300 0
028 E030300 0
028 E040300 200
028 F010300 72
028 F020300 35
028 F030300 0
028 F040300 206
028 G010300 325
028 G020300 35
028 G030300 0
028 G040300 1076
028 H000300 325
045 000300 Y
046 000300 N
<PAGE> PAGE 16
047 000300 Y
048 000300 1.000
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
048 K010300 0
048 K020300 0.000
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
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 Y
066 D000300 N
066 E000300 N
<PAGE> PAGE 17
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 Y
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 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 7178
071 B000300 13629
071 C000300 30309
071 D000300 24
072 A000300 6
072 B000300 5
072 C000300 124
072 D000300 0
072 E000300 0
<PAGE> PAGE 18
072 F000300 153
072 G000300 115
072 H000300 0
072 I000300 0
072 J000300 0
072 K000300 0
072 L000300 10
072 M000300 2
072 N000300 16
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 26
072 S000300 6
072 T000300 76
072 U000300 9
072 V000300 0
072 W000300 12
072 X000300 425
072 Y000300 119
072 Z000300 -178
072AA000300 0
072BB000300 1103
072CC010300 0
072CC020300 4477
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.1200
074 A000300 72
074 B000300 0
074 C000300 0
074 D000300 314
074 E000300 0
074 F000300 26216
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 316
074 K000300 0
074 L000300 59
074 M000300 1616
074 N000300 28593
074 O000300 0
074 P000300 35
074 Q000300 0
074 R010300 0
074 R020300 0
<PAGE> PAGE 19
074 R030300 0
074 R040300 1027
074 S000300 0
074 T000300 27531
074 U010300 2779
074 U020300 0
074 V010300 9.91
074 V020300 0.00
074 W000300 0.0000
074 X000300 4709
074 Y000300 0
075 A000300 0
075 B000300 38401
076 000300 0.00
008 A000401 HERCULES INTERNATIONAL MANAGEMENT LLC
008 B000401 A
008 C000401 801-44592
008 D010401 MINNEAPOLIS
008 D020401 MN
008 D030401 55402
008 D040401 3804
008 A000402 BANKERS TRUST COMPANY
008 B000402 S
008 C000402 801-xxxxx
008 D010402 NEW YORK
008 D020402 NY
008 D030402 10017
024 000400 N
028 A010400 62
028 A020400 0
028 A030400 0
028 A040400 108
028 B010400 30
028 B020400 0
028 B030400 0
028 B040400 112
028 C010400 50
028 C020400 0
028 C030400 0
028 C040400 138
028 D010400 63
028 D020400 0
028 D030400 0
028 D040400 181
028 E010400 105
028 E020400 0
028 E030400 0
028 E040400 299
028 F010400 41
028 F020400 0
028 F030400 0
<PAGE> PAGE 20
028 F040400 233
028 G010400 351
028 G020400 0
028 G030400 0
028 G040400 1071
028 H000400 351
045 000400 Y
046 000400 N
047 000400 Y
048 000400 1.000
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
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
055 A000400 Y
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 N
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 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
<PAGE> PAGE 21
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 N
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
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 Y
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 11734
<PAGE> PAGE 22
071 B000400 15031
071 C000400 19563
071 D000400 60
072 A000400 6
072 B000400 105
072 C000400 127
072 D000400 0
072 E000400 0
072 F000400 105
072 G000400 111
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 10
072 M000400 2
072 N000400 15
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 19
072 S000400 6
072 T000400 52
072 U000400 9
072 V000400 0
072 W000400 12
072 X000400 341
072 Y000400 132
072 Z000400 23
072AA000400 0
072BB000400 180
072CC010400 0
072CC020400 216
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 11
074 B000400 0
074 C000400 594
074 D000400 0
074 E000400 4079
074 F000400 12741
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
<PAGE> PAGE 23
074 L000400 85
074 M000400 55
074 N000400 17565
074 O000400 173
074 P000400 22
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 230
074 S000400 0
074 T000400 17140
074 U010400 2421
074 U020400 0
074 V010400 7.08
074 V020400 0.00
074 W000400 0.0000
074 X000400 4899
074 Y000400 0
075 A000400 0
075 B000400 27846
076 000400 0.00
008 A000501 HERCULES INTERNATIONAL MANAGEMENT LLC
008 B000501 A
008 C000501 801-44592
008 D010501 MINNEAPOLIS
008 D020501 MN
008 D030501 55402
008 D040501 3804
008 A000502 SALOMON BROTHERS ASSET MANAGEMENT LIMITED
008 B000502 S
008 C000502 801-43335
008 D010502 LONDON
008 D050502 ENGLAND
024 000500 N
028 A010500 0
028 A020500 0
028 A030500 0
028 A040500 95
028 B010500 12
028 B020500 0
028 B030500 0
028 B040500 293
028 C010500 12
028 C020500 11
028 C030500 0
028 C040500 97
028 D010500 0
028 D020500 0
028 D030500 0
028 D040500 128
<PAGE> PAGE 24
028 E010500 12
028 E020500 0
028 E030500 0
028 E040500 50
028 F010500 26
028 F020500 10
028 F030500 0
028 F040500 70
028 G010500 62
028 G020500 21
028 G030500 0
028 G040500 733
028 H000500 62
045 000500 Y
046 000500 N
047 000500 Y
048 000500 1.000
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 Y
055 B000500 N
056 000500 Y
057 000500 N
062 A000500 Y
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 25
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 25.4
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 66.5
062 R000500 0.0
063 A000500 0
063 B000500 7.2
064 A000500 N
064 B000500 N
066 A000500 N
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 Y
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 Y
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 Y
070 H010500 Y
070 H020500 N
070 I010500 Y
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 Y
070 P010500 Y
070 P020500 N
<PAGE> PAGE 26
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 14312
071 B000500 21032
071 C000500 8504
071 D000500 168
072 A000500 6
072 B000500 338
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 50
072 G000500 77
072 H000500 0
072 I000500 0
072 J000500 0
072 K000500 0
072 L000500 5
072 M000500 2
072 N000500 16
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 13
072 S000500 6
072 T000500 15
072 U000500 9
072 V000500 0
072 W000500 11
072 X000500 204
072 Y000500 114
072 Z000500 248
072AA000500 699
072BB000500 0
072CC010500 0
072CC020500 104
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.2800
074 A000500 430
074 B000500 0
074 C000500 1197
074 D000500 5985
074 E000500 0
074 F000500 0
<PAGE> PAGE 27
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 208
074 M000500 83
074 N000500 7903
074 O000500 0
074 P000500 9
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 17
074 S000500 0
074 T000500 7877
074 U010500 754
074 U020500 0
074 V010500 10.45
074 V020500 0.00
074 W000500 0.0000
074 X000500 812
074 Y000500 1340
075 A000500 0
075 B000500 25060
076 000500 0.00
008 A000601 HERCULES INTERNATIONAL MANAGEMENT LLC
008 B000601 A
008 C000601 801-44592
008 D010601 MINNEAPOLIS
008 D020601 MN
008 D030601 55402
008 D040601 3804
008 A000602 SALOMON BROTHERS ASSET MANAGEMENT LIMITED
008 B000602 S
008 C000602 801-43335
008 D010602 LONDON
008 D050602 ENGLAND
024 000600 N
028 A010600 0
028 A020600 0
028 A030600 0
028 A040600 14
028 B010600 0
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 0
028 C020600 0
028 C030600 0
<PAGE> PAGE 28
028 C040600 4
028 D010600 0
028 D020600 1
028 D030600 0
028 D040600 4
028 E010600 0
028 E020600 0
028 E030600 0
028 E040600 0
028 F010600 0
028 F020600 0
028 F030600 0
028 F040600 0
028 G010600 0
028 G020600 1
028 G030600 0
028 G040600 22
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.500
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
055 A000600 Y
055 B000600 N
056 000600 Y
057 000600 N
062 A000600 Y
062 B000600 46.8
062 C000600 0.0
<PAGE> PAGE 29
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 48
063 B000600 0.0
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
<PAGE> PAGE 30
070 N020600 N
070 O010600 Y
070 O020600 Y
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 4
072 B000600 0
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 0
072 G000600 30
072 H000600 0
072 I000600 0
072 J000600 0
072 K000600 0
072 L000600 3
072 M000600 2
072 N000600 11
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 2
072 S000600 -1
072 T000600 0
072 U000600 3
072 V000600 0
072 W000600 2
072 X000600 52
072 Y000600 52
072 Z000600 0
072AA000600 0
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 4
072DD020600 0
072EE000600 0
073 A010600 2.2400
073 A020600 0.0000
073 B000600 0.0000
073 C000600 7.7500
074 A000600 0
<PAGE> PAGE 31
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 0
074 M000600 0
074 N000600 0
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
074 T000600 0
074 U010600 0
074 U020600 0
074 V010600 0.00
074 V020600 0.00
074 W000600 0.0000
074 X000600 0
074 Y000600 0
075 A000600 0
075 B000600 1044
076 000600 0.00
008 A000701 HERCULES INTERNATIONAL MANAGEMENT LLC
008 B000701 A
008 C000701 801-44592
008 D010701 MINNEAPOLIS
008 D020701 MN
008 D030701 55402
008 D040701 3804
008 A000702 SALOMON BROTHERS ASSET MANAGEMENT INC.
008 B000702 S
008 C000702 801-32046
008 D010702 LONDON
008 D050702 ENGLAND
024 000700 N
028 A010700 1002
028 A020700 0
028 A030700 0
028 A040700 371
028 B010700 394
028 B020700 5
<PAGE> PAGE 32
028 B030700 0
028 B040700 497
028 C010700 166
028 C020700 5
028 C030700 0
028 C040700 255
028 D010700 487
028 D020700 5
028 D030700 0
028 D040700 602
028 E010700 597
028 E020700 5
028 E030700 0
028 E040700 536
028 F010700 309
028 F020700 5
028 F030700 0
028 F040700 371
028 G010700 2955
028 G020700 25
028 G030700 0
028 G040700 2632
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.500
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
055 A000700 N
055 B000700 N
<PAGE> PAGE 33
056 000700 Y
057 000700 N
062 A000700 Y
062 B000700 105.8
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 76
063 B000700 0.0
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 N
070 K020700 N
<PAGE> PAGE 34
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 6
072 B000700 47
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 4
072 G000700 52
072 H000700 0
072 I000700 0
072 J000700 0
072 K000700 0
072 L000700 4
072 M000700 2
072 N000700 10
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 2
072 S000700 6
072 T000700 0
072 U000700 4
072 V000700 0
072 W000700 6
072 X000700 90
072 Y000700 82
072 Z000700 39
072AA000700 0
072BB000700 0
072CC010700 0
072CC020700 0
072DD010700 39
072DD020700 0
072EE000700 0
<PAGE> PAGE 35
073 A010700 0.0200
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 44
074 B000700 0
074 C000700 1506
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 35
074 N000700 1585
074 O000700 0
074 P000700 1
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 6
074 S000700 0
074 T000700 1578
074 U010700 1578
074 U020700 0
074 V010700 1.00
074 V020700 0.00
074 W000700 1.0000
074 X000700 42
074 Y000700 0
075 A000700 0
075 B000700 0
076 000700 0.00
SIGNATURE STEVE GAST
TITLE ACCOUNTING ASSOC.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 8377
<INVESTMENTS-AT-VALUE> 9581
<RECEIVABLES> 2
<ASSETS-OTHER> 153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9736
<PAYABLE-FOR-SECURITIES> 13
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 65
<TOTAL-LIABILITIES> 78
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9407
<SHARES-COMMON-STOCK> 898
<SHARES-COMMON-PRIOR> 1333
<ACCUMULATED-NII-CURRENT> (448)
<OVERDISTRIBUTION-NII> (158)
<ACCUMULATED-NET-GAINS> (514)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1204
<NET-ASSETS> 9659
<DIVIDEND-INCOME> 93
<INTEREST-INCOME> 124
<OTHER-INCOME> 0
<EXPENSES-NET> 114
<NET-INVESTMENT-INCOME> 103
<REALIZED-GAINS-CURRENT> 337
<APPREC-INCREASE-CURRENT> 699
<NET-CHANGE-FROM-OPS> 1139
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 158
<NUMBER-OF-SHARES-SOLD> 46
<NUMBER-OF-SHARES-REDEEMED> 495
<SHARES-REINVESTED> 14
<NET-CHANGE-IN-ASSETS> 435
<ACCUMULATED-NII-PRIOR> (633)
<ACCUMULATED-GAINS-PRIOR> (363)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 57
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 229
<AVERAGE-NET-ASSETS> 11316
<PER-SHARE-NAV-BEGIN> 9.92
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> .92
<PER-SHARE-DIVIDEND> .18
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.75
<EXPENSE-RATIO> 2.04
<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
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 13189
<INVESTMENTS-AT-VALUE> 14174
<RECEIVABLES> 191
<ASSETS-OTHER> 530
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14895
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 72
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13926
<SHARES-COMMON-STOCK> 1413
<SHARES-COMMON-PRIOR> 1579
<ACCUMULATED-NII-CURRENT> (32)
<OVERDISTRIBUTION-NII> (32)
<ACCUMULATED-NET-GAINS> (192)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1107
<NET-ASSETS> 14823
<DIVIDEND-INCOME> 130
<INTEREST-INCOME> 3
<OTHER-INCOME> 0
<EXPENSES-NET> 164
<NET-INVESTMENT-INCOME> (31)
<REALIZED-GAINS-CURRENT> 635
<APPREC-INCREASE-CURRENT> 360
<NET-CHANGE-FROM-OPS> 964
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 192
<DISTRIBUTIONS-OF-GAINS> 1431
<DISTRIBUTIONS-OTHER> 32
<NUMBER-OF-SHARES-SOLD> 161
<NUMBER-OF-SHARES-REDEEMED> 481
<SHARES-REINVESTED> 154
<NET-CHANGE-IN-ASSETS> (166)
<ACCUMULATED-NII-PRIOR> 223
<ACCUMULATED-GAINS-PRIOR> 604
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 82
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 287
<AVERAGE-NET-ASSETS> 16244
<PER-SHARE-NAV-BEGIN> 11.10
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .66
<PER-SHARE-DIVIDEND> .17
<PER-SHARE-DISTRIBUTIONS> 1.08
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.49
<EXPENSE-RATIO> 2.02
<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
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 26819
<INVESTMENTS-AT-VALUE> 26530
<RECEIVABLES> 348
<ASSETS-OTHER> 1716
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28594
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1062
<TOTAL-LIABILITIES> 1062
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29617
<SHARES-COMMON-STOCK> 2779
<SHARES-COMMON-PRIOR> 3496
<ACCUMULATED-NII-CURRENT> (390)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2991)
<OVERDISTRIBUTION-GAINS> 336
<ACCUM-APPREC-OR-DEPREC> 1268
<NET-ASSETS> 27532
<DIVIDEND-INCOME> 124
<INTEREST-INCOME> 5
<OTHER-INCOME> 0
<EXPENSES-NET> 306
<NET-INVESTMENT-INCOME> (178)
<REALIZED-GAINS-CURRENT> (1103)
<APPREC-INCREASE-CURRENT> 4477
<NET-CHANGE-FROM-OPS> 3196
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 336
<NUMBER-OF-SHARES-SOLD> 325
<NUMBER-OF-SHARES-REDEEMED> 1077
<SHARES-REINVESTED> 35
<NET-CHANGE-IN-ASSETS> (717)
<ACCUMULATED-NII-PRIOR> 212
<ACCUMULATED-GAINS-PRIOR> 1552
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 153
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 425
<AVERAGE-NET-ASSETS> 30260
<PER-SHARE-NAV-BEGIN> 9.02
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> 1.07
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.91
<EXPENSE-RATIO> 2.05
<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
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 18978
<INVESTMENTS-AT-VALUE> 17414
<RECEIVABLES> 6
<ASSETS-OTHER> 145
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17565
<PAYABLE-FOR-SECURITIES> 173
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 252
<TOTAL-LIABILITIES> 425
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30139
<SHARES-COMMON-STOCK> 2421
<SHARES-COMMON-PRIOR> 3140
<ACCUMULATED-NII-CURRENT> (131)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (11328)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1565
<NET-ASSETS> 17140
<DIVIDEND-INCOME> 127
<INTEREST-INCOME> 105
<OTHER-INCOME> 232
<EXPENSES-NET> 209
<NET-INVESTMENT-INCOME> 23
<REALIZED-GAINS-CURRENT> (180)
<APPREC-INCREASE-CURRENT> 216
<NET-CHANGE-FROM-OPS> (373)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 352
<NUMBER-OF-SHARES-REDEEMED> 733
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (649)
<ACCUMULATED-NII-PRIOR> (154)
<ACCUMULATED-GAINS-PRIOR> (11148)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 105
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 341
<AVERAGE-NET-ASSETS> 20454
<PER-SHARE-NAV-BEGIN> 7.20
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> (.13)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.08
<EXPENSE-RATIO> 2
<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
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 6922
<INVESTMENTS-AT-VALUE> 7182
<RECEIVABLES> 0
<ASSETS-OTHER> 721
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7903
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26
<TOTAL-LIABILITIES> 26
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7868
<SHARES-COMMON-STOCK> 754
<SHARES-COMMON-PRIOR> 1403
<ACCUMULATED-NII-CURRENT> (622)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 336
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 287
<NET-ASSETS> 7877
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 338
<OTHER-INCOME> 0
<EXPENSES-NET> 90
<NET-INVESTMENT-INCOME> 248
<REALIZED-GAINS-CURRENT> 699
<APPREC-INCREASE-CURRENT> (104)
<NET-CHANGE-FROM-OPS> 843
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 237
<NUMBER-OF-SHARES-SOLD> 63
<NUMBER-OF-SHARES-REDEEMED> 733
<SHARES-REINVESTED> 21
<NET-CHANGE-IN-ASSETS> (649)
<ACCUMULATED-NII-PRIOR> (633)
<ACCUMULATED-GAINS-PRIOR> (363)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 50
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 204
<AVERAGE-NET-ASSETS> 10130
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> .66
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .28
<PER-SHARE-NAV-END> 10.45
<EXPENSE-RATIO> 1.99
<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
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 21
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 3
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 22
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> (21)
<ACCUMULATED-NII-PRIOR> 4
<ACCUMULATED-GAINS-PRIOR> (5)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 52
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (.01)
<PER-SHARE-DIVIDEND> 3.85
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 6.14
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 3.29
<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
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 1506
<INVESTMENTS-AT-VALUE> 1506
<RECEIVABLES> 0
<ASSETS-OTHER> 79
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1585
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1578
<TOTAL-LIABILITIES> 1578
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1562
<SHARES-COMMON-STOCK> 1578
<SHARES-COMMON-PRIOR> 1230
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1578
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 47
<OTHER-INCOME> 0
<EXPENSES-NET> 8
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 39
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 39
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2955
<NUMBER-OF-SHARES-REDEEMED> 2632
<SHARES-REINVESTED> 25
<NET-CHANGE-IN-ASSETS> 348
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 90
<AVERAGE-NET-ASSETS> 1631
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>