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<PAGE> PAGE 8
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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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SIGNATURE RICHARD INGRAM
TITLE PRESIDENT/TREASURER
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<PER-SHARE-NAV-END> 19.89
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 10,754,080
<AVG-DEBT-PER-SHARE> 1.5200
</TABLE>
