WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-annual
financial statements dated June 30, 2000 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 22,196,098
<INVESTMENTS-AT-VALUE> 23,814,625
<RECEIVABLES> 595,727
<ASSETS-OTHER> 1,771,740
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,182,092
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 571,271
<TOTAL-LIABILITIES> 571,271
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,935,047
<SHARES-COMMON-STOCK> 1,902,951
<SHARES-COMMON-PRIOR> 1,488,959
<ACCUMULATED-NII-CURRENT> 232,525
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,827,261
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,615,988
<NET-ASSETS> 25,610,821
<DIVIDEND-INCOME> 242,036
<INTEREST-INCOME> 59,488
<OTHER-INCOME> (27,488)
<EXPENSES-NET> 261,759
<NET-INVESTMENT-INCOME> 12,277
<REALIZED-GAINS-CURRENT> 3,224,671
<APPREC-INCREASE-CURRENT> (3,163,625)
<NET-CHANGE-FROM-OPS> 73,323
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 729,917
<NUMBER-OF-SHARES-REDEEMED> 708,140
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 233,304
<ACCUMULATED-NII-PRIOR> 191,159
<ACCUMULATED-GAINS-PRIOR> 4,012,901
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 129,239
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 261,759
<AVERAGE-NET-ASSETS> 25,988,758
<PER-SHARE-NAV-BEGIN> 13.45
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.46
<EXPENSE-RATIO> 2.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
