ASSET PROGRAM INC
NSAR-A, EX-27, 2000-09-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000918848
<NAME> THE ASSET PROGRAM, INC.
<SERIES>
   <NUMBER> 011
   <NAME> MERRILL LYNCH MID CAP VALUE FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-2001
<PERIOD-START>                             FEB-01-2000
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                         87441515
<INVESTMENTS-AT-VALUE>                        89804849
<RECEIVABLES>                                   899844
<ASSETS-OTHER>                                   38915
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                90743608
<PAYABLE-FOR-SECURITIES>                        832848
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       679716
<TOTAL-LIABILITIES>                            1512564
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      82695596
<SHARES-COMMON-STOCK>                            22542
<SHARES-COMMON-PRIOR>                            26141
<ACCUMULATED-NII-CURRENT>                     (174706)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        4346820
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2363334
<NET-ASSETS>                                    312608
<DIVIDEND-INCOME>                               813945
<INTEREST-INCOME>                               209230
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1197881)
<NET-INVESTMENT-INCOME>                       (174706)
<REALIZED-GAINS-CURRENT>                       4346828
<APPREC-INCREASE-CURRENT>                       149468
<NET-CHANGE-FROM-OPS>                          4321590
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (22147)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2572
<NUMBER-OF-SHARES-REDEEMED>                     (7355)
<SHARES-REINVESTED>                               1184
<NET-CHANGE-IN-ASSETS>                       (9330026)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      5478494
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           298455
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1197881
<AVERAGE-NET-ASSETS>                            322180
<PER-SHARE-NAV-BEGIN>                            14.13
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                            .72
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.87
<EXPENSE-RATIO>                                   1.55


</TABLE>


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