WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial infomration 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> 40,437,912
<INVESTMENTS-AT-VALUE> 38,042,021
<RECEIVABLES> 92,104
<ASSETS-OTHER> 137,872
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,271,997
<PAYABLE-FOR-SECURITIES> 345,902
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 660,257
<TOTAL-LIABILITIES> 1,005,349
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33,332,571
<SHARES-COMMON-STOCK> 3,342,814
<SHARES-COMMON-PRIOR> 2,961,467
<ACCUMULATED-NII-CURRENT> (123,084)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,454,113
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,396,952)
<NET-ASSETS> 37,266,648
<DIVIDEND-INCOME> 142,138
<INTEREST-INCOME> 125,738
<OTHER-INCOME> (18,796)
<EXPENSES-NET> 372,164
<NET-INVESTMENT-INCOME> (123,084)
<REALIZED-GAINS-CURRENT> 9,163,241
<APPREC-INCREASE-CURRENT> (14,858,652)
<NET-CHANGE-FROM-OPS> (5,818,495)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,702,638
<NUMBER-OF-SHARES-REDEEMED> (2,390,123)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,281,853
<ACCUMULATED-NII-PRIOR> 142,625
<ACCUMULATED-GAINS-PRIOR> (8,409,458)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 197,366
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 372,164
<AVERAGE-NET-ASSETS> 46,694,121
<PER-SHARE-NAV-BEGIN> 12.81
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> (1.62)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.15
<EXPENSE-RATIO> 1.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
