<PAGE> PAGE 1
000 A000000 04/30/96
000 C000000 0000921548
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 DRACENA FUNDS, INC.
001 B000000 811-6662
001 C000000 7086393000
002 A000000 400 HABER ROAD, SUITE 207
002 B000000 CARY
002 C000000 IL
002 D010000 60013
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 FX CURRENCY VALUE FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 DRACENA FUNDS GROUP, INC.
008 B00AA01 A
008 C00AA01 801-xxxxx
008 D01AA01 CARY
008 D02AA01 IL
008 D03AA01 60013
008 A00AA02 KAM, INC.
008 B00AA02 S
008 C00AA02 801-41995
008 D01AA02 CARY
008 D02AA02 IL
008 D03AA02 60013
008 A00AA03 PRINCETON INTERNATIONAL L.L.P.
008 B00AA03 S
008 C00AA03 801-44991
008 D01AA03 HOUSTON
008 D02AA03 TX
<PAGE> PAGE 2
008 D03AA03 77077
008 A00AA04 ROHDEN CAPITAL MANAGEMENT, LTD.
008 B00AA04 S
008 C00AA04 801-38241
008 D01AA04 HINSDALE
008 D02AA04 IL
008 D03AA04 60521
010 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
010 B00AA01 22071
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19890
010 C04AA01 0001
010 A00AA02 DELETE
011 A00AA01 RODNEY SQUARE DISTRIBUTORS, INC.
011 B00AA01 8-37006
011 C01AA01 WILMINGTON
011 C02AA01 DE
011 C03AA01 19890
011 C04AA01 0001
012 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
012 B00AA01 85-000761
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19890
012 C04AA01 0001
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 DAYTON
013 B02AA01 OH
013 B03AA01 45402
013 B04AA01 1788
015 A00AA01 BARCLAYS BANK PLC
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10265
015 D01AA01 UNITED STATES
015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 BARCLAYS BANK PLC
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 CREDITANSTALT-BANKVEREIN
015 B00AA04 S
015 C01AA04 VIENNA
<PAGE> PAGE 3
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 BANQUE BRUXELLES LAMBERT S.A.
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 THE BANK OF BERMUDA LIMITED
015 B00AA07 S
015 C01AA07 HAMILTON
015 D01AA07 BERMUDA
015 E04AA07 X
015 A00AA08 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA08 S
015 C01AA08 GARBORONE
015 D01AA08 BOTSWANA
015 E04AA08 X
015 A00AA09 CITIBANK, N.A.
015 B00AA09 S
015 C01AA09 SAO PAULO
015 D01AA09 BRAZIL
015 E04AA09 X
015 A00AA10 ROYAL BANK OF CANADA
015 B00AA10 S
015 C01AA10 TORONTO
015 D01AA10 CANADA
015 E04AA10 X
015 A00AA11 CITIBANK, N.A.
015 B00AA11 S
015 C01AA11 SANTIAGO
015 D01AA11 CHILE
015 E04AA11 X
015 A00AA12 CITITRUST COLOMBIA S.A. SOCIEDAD FIDDUCIARIA
015 B00AA12 S
015 C01AA12 BOGOTA
015 D01AA12 COLUMBIA
015 E04AA12 X
015 A00AA13 BARCLAYS BANK PLC
015 B00AA13 S
015 C01AA13 NICOSIA
015 D01AA13 CYPRUS
015 E04AA13 X
015 A00AA14 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA14 S
015 C01AA14 BUDAPEST
015 D01AA14 CZECH REPUBLIC
<PAGE> PAGE 4
015 E04AA14 X
015 A00AA15 UNIBANK A/S
015 B00AA15 S
015 C01AA15 COPENHAGEN
015 D01AA15 DENMARK
015 E04AA15 X
015 A00AA16 CITIBANK, N.A.
015 B00AA16 S
015 C01AA16 X
015 D01AA16 ECUADOR
015 E04AA16 X
015 A00AA17 UNION BANK OF FINLAND LTD.
015 B00AA17 S
015 C01AA17 HELSINKI
015 D01AA17 FINLAND
015 E04AA17 X
015 A00AA18 BARCLAYS BANK PLC.
015 B00AA18 S
015 C01AA18 PARIS
015 D01AA18 FRANCE
015 E04AA18 X
015 A00AA19 DRESDNER BANK A.G.
015 B00AA19 S
015 C01AA19 FRANKFURT
015 D01AA19 GERMANY
015 E04AA19 X
015 A00AA20 BARCLAYS BANK OF GHANA LIMITED
015 B00AA20 S
015 C01AA20 ACCNA
015 D01AA20 GHANA
015 E04AA20 X
015 A00AA21 BARCLAYS BANK PLC
015 B00AA21 S
015 C01AA21 ATHENS
015 D01AA21 GREECE
015 E04AA21 X
015 A00AA22 BARCLYS BANK PLC
015 B00AA22 S
015 C01AA22 HONG KONG
015 D01AA22 HONG KONG
015 E04AA22 X
015 A00AA23 CITIBANK BUDAPEST RT
015 B00AA23 S
015 C01AA23 BUDAPEST
015 D01AA23 HUNGARY
015 E04AA23 X
015 A00AA24 DEUTSCHE BANK A.G.
015 B00AA24 S
015 C01AA24 FORT BOMBAY
015 D01AA24 INDIA
015 E04AA24 X
<PAGE> PAGE 5
015 A00AA25 STANDARD CHARTERED BANK
015 B00AA25 S
015 C01AA25 JAKARTA
015 D01AA25 INDONESIA
015 E04AA25 X
015 A00AA26 BARCLYS BANK PLC
015 B00AA26 S
015 C01AA26 DUBLIN
015 D01AA26 IRELAND
015 E04AA26 X
015 A00AA27 ISRAEL DISCOUNT BANK LIMITED
015 B00AA27 S
015 C01AA27 TEL AVIV
015 D01AA27 ISRAEL
015 E04AA27 X
015 A00AA28 BARCLYS BANK PLC
015 B00AA28 S
015 C01AA28 MILAN
015 D01AA28 ITALY
015 E04AA28 X
015 A00AA29 BARCLAYS TRUST AND BANKING COMPANY LIMITED
015 B00AA29 S
015 C01AA29 TOKYO
015 D01AA29 JAPAN
015 E04AA29 X
015 A00AA30 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA30 S
015 C01AA30 AMAN
015 D01AA30 JORDAN
015 E04AA30 X
015 A00AA31 BARCLAYS BANK OF KENYA
015 B00AA31 S
015 C01AA31 X
015 D01AA31 KENYA
015 E04AA31 X
015 A00AA32 BANQUE INTERNATIONALE A LUXEMBOURG S.A.
015 B00AA32 S
015 C01AA32 L-2953
015 D01AA32 LUXEMBOURG
015 E04AA32 X
015 A00AA33 UNITED MALAYAN BANKING CORPORATION BERHAD
015 B00AA33 S
015 C01AA33 KUALA LUMPUR
015 D01AA33 MALAYSIA
015 E04AA33 X
015 A00AA34 THE HONGKONG AND SHANGHAI BANKING CORPORATION
015 B00AA34 S
015 C01AA34 X
015 D01AA34 MAURITIUS
015 E04AA34 X
015 A00AA35 BANCO COMMERCIALE DU MARCO S.A. DE C.V.
<PAGE> PAGE 6
015 B00AA35 S
015 C01AA35 CASABLANCA
015 D01AA35 MOROCCO
015 E04AA35 X
015 A00AA36 BARCLAYS BANK PLC
015 B00AA36 S
015 C01AA36 AMSTERDAM
015 D01AA36 NETHERLANDS
015 E04AA36 X
015 A00AA37 BARCLYS BANK PLC
015 B00AA37 S
015 C01AA37 WELLINGTON
015 D01AA37 NEW ZEALAND
015 E04AA37 X
015 A00AA38 DEN NORSKE BANK A.S.
015 B00AA38 S
015 C01AA38 OSLO
015 D01AA38 NORWAY
015 E04AA38 X
015 A00AA39 DEUTSCHE BANK A.G.
015 B00AA39 S
015 C01AA39 KARACHI
015 D01AA39 PAKISTAN
015 E04AA39 X
015 A00AA40 CITIBANK, N.A.
015 B00AA40 S
015 C01AA40 LIMA
015 D01AA40 PERU
015 E04AA40 X
015 A00AA41 PHILIPPINE NATIONAL BANK
015 B00AA41 S
015 C01AA41 MANILA
015 D01AA41 PHILIPPINES
015 E04AA41 X
015 A00AA42 CITIBANK S.A.
015 B00AA42 S
015 C01AA42 WARSAW
015 D01AA42 POLAND
015 E04AA42 X
015 A00AA43 BARCLAYS BANK PLC
015 B00AA43 S
015 C01AA43 LISBON
015 D01AA43 PORTUGAL
015 E04AA43 X
015 A00AA44 BARCLAYS BANK PLC
015 B00AA44 S
015 C01AA44 SHELL TOWER
015 D01AA44 SINGAPORE
015 E04AA44 X
015 A00AA45 CESKOSLOVENSKA OBCHONI BANKA A.S.
015 B00AA45 S
<PAGE> PAGE 7
015 C01AA45 X
015 D01AA45 SLOVAK REPUBLIC
015 E04AA45 X
015 A00AA46 FIRST NATIONAL BANK OF SOUTHERN AFRICA LIMITE
015 B00AA46 S
015 C01AA46 MARSHALLTOWN TRANSVA
015 D01AA46 SOUTH AFRICA
015 E04AA46 X
015 A00AA47 BARCLYA BANK PLC
015 B00AA47 S
015 C01AA47 SOUEL
015 D01AA47 SOUTH KOREA
015 E04AA47 X
015 A00AA48 BARCLAYS BANK S.A.
015 B00AA48 S
015 C01AA48 MADRID
015 D01AA48 SPAIN
015 E04AA48 X
015 A00AA49 THE HONKONG AND SHANGHAI BANKING CORPORATION
015 B00AA49 S
015 C01AA49 COLOMBO
015 D01AA49 SRI LANKA
015 E04AA49 X
015 A00AA50 BARCLAYS BANK OF SWAZILAND LIMITED
015 B00AA50 S
015 C01AA50 X
015 D01AA50 SWAZILAND
015 E04AA50 X
015 A00AA51 SVENSA HANDELSBANKEN
015 B00AA51 S
015 C01AA51 STOCKHOLM
015 D01AA51 SWEDEN
015 E04AA51 X
015 A00AA52 UNION BANK OF SWITZERLAND
015 B00AA52 S
015 C01AA52 ZURICH
015 D01AA52 SWITZERLAND
015 E04AA52 X
015 A00AA53 THE HONGKONG NAD SHANGHAI BANKING CORPORATION
015 B00AA53 S
015 C01AA53 TAIPEI
015 D01AA53 TAIWAN
015 E04AA53 X
015 A00AA54 BANGKOK BANK PUBLIC COMPANY LIMITED
015 B00AA54 S
015 C01AA54 BANGKOK
015 D01AA54 THAILAND
015 E04AA54 X
015 A00AA55 CENTRALE DE LIVRAISON DE VALEURS MOBILIERES,
015 B00AA55 S
015 C01AA55 CEDEL
<PAGE> PAGE 8
015 D01AA55 TRANSNATIONAL
015 E04AA55 X
015 A00AA56 YAPI VE KREDI BANKASI A.S.
015 B00AA56 S
015 C01AA56 ISTANBUL
015 D01AA56 TURKEY
015 E04AA56 X
015 A00AA57 BARCLYS BANK PLC
015 B00AA57 S
015 C01AA57 LONDAON
015 D01AA57 UNITED KINGDOM
015 E04AA57 X
015 A00AA58 THE FIRST NATIONAL BANK OF CHICAGO
015 B00AA58 S
015 C01AA58 LONDON
015 D01AA58 UNITED KINGDOM
015 E04AA58 X
015 A00AA59 CITIBANK, N.A.
015 B00AA59 S
015 C01AA59 MONTEVIDEO
015 D01AA59 URUGUAY
015 E04AA59 X
015 A00AA60 CITIBANK, N.A.
015 B00AA60 S
015 C01AA60 CARACAS
015 D01AA60 VENEZUELA
015 E04AA60 X
015 A00AA61 BARCLYS BANK OF ZAMBIA LIMITED
015 B00AA61 S
015 C01AA61 X
015 D01AA61 ZAMBIA
015 E04AA61 X
015 A00AA62 BARCLAYS BANK OF ZIMBABWE
015 B00AA62 S
015 C01AA62 HARANE
015 D01AA62 ZIMBABWE
015 E04AA62 X
015 A00AA63 CEDEL S.A.
015 B00AA63 S
015 C01AA63 L-1010
015 D01AA63 LUXEMBOURG
015 E04AA63 X
015 A00AA64 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
015 B00AA64 S
015 C01AA64 BRUSSELS
015 D01AA64 BELGIUM
015 E04AA64 X
015 A00AA65 BANCO NATIONAL DE MEXICO S.A. DE C.V.
015 B00AA65 S
015 C01AA65 MEXICO CITY
015 D01AA65 MEXICO
<PAGE> PAGE 9
015 E04AA65 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000001 13-5674085
022 C000001 613
022 D000001 178
022 A000002 BROADCOURT CAPITOL CORP.
022 B000002 13-3144415
022 C000002 135
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 748
023 D000000 178
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
<PAGE> PAGE 10
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A01AA00 0
028 A02AA00 0
028 A03AA00 0
028 A04AA00 0
028 B01AA00 0
028 B02AA00 0
028 B03AA00 0
028 B04AA00 0
028 C01AA00 0
028 C02AA00 0
028 C03AA00 0
028 C04AA00 0
028 D01AA00 0
028 D02AA00 0
028 D03AA00 0
028 D04AA00 0
028 E01AA00 0
028 E02AA00 0
028 E03AA00 0
028 E04AA00 0
028 F01AA00 0
028 F02AA00 0
028 F03AA00 0
028 F04AA00 0
028 G01AA00 0
028 G02AA00 0
028 G03AA00 0
028 G04AA00 0
028 H00AA00 0
029 00AA00 Y
030 A00AA00 0
030 B00AA00 4.50
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
<PAGE> PAGE 11
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 100
043 00AA00 1
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 1.700
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
<PAGE> PAGE 12
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 N
060 B00AA00 N
061 00AA00 1000
062 A00AA00 Y
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 77.3
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 36.2
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 4.4
064 A00AA00 N
064 B00AA00 N
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 N
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
<PAGE> PAGE 13
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
071 A00AA00 244
071 B00AA00 178
071 C00AA00 122
071 D00AA00 146
072 A00AA00 6
072 B00AA00 7
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 0
072 G00AA00 25
072 H00AA00 0
072 I00AA00 20
072 J00AA00 6
072 K00AA00 0
072 L00AA00 3
072 M00AA00 9
072 N00AA00 1
072 O00AA00 0
072 P00AA00 0
<PAGE> PAGE 14
072 Q00AA00 37
072 R00AA00 15
072 S00AA00 50
072 T00AA00 1
072 U00AA00 -7
072 V00AA00 0
072 W00AA00 4
072 X00AA00 164
072 Y00AA00 0
072 Z00AA00 -157
072AA00AA00 0
072BB00AA00 1
072CC01AA00 0
072CC02AA00 1
072DD01AA00 0
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0000
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 92
074 B00AA00 0
074 C00AA00 0
074 D00AA00 142
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 2
074 M00AA00 0
074 N00AA00 236
074 O00AA00 0
074 P00AA00 28
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 83
074 S00AA00 0
074 T00AA00 125
074 U01AA00 31
074 U02AA00 0
074 V01AA00 4.05
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 12
074 Y00AA00 0
<PAGE> PAGE 15
075 A00AA00 0
075 B00AA00 200
076 00AA00 0.00
077 A000000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE
080 C00AA00 200
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 5
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
SIGNATURE ALFRED GEREBIZZA
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000921548
<NAME> DRACENA FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> FX CURRENCY VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 146
<INVESTMENTS-AT-VALUE> 142
<RECEIVABLES> 2
<ASSETS-OTHER> 92
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 236
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 111
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 285
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (157)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2)
<NET-ASSETS> 125
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7
<OTHER-INCOME> 0
<EXPENSES-NET> 164
<NET-INVESTMENT-INCOME> (157)
<REALIZED-GAINS-CURRENT> (1)
<APPREC-INCREASE-CURRENT> (1)
<NET-CHANGE-FROM-OPS> (159)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (159)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 166
<AVERAGE-NET-ASSETS> 200
<PER-SHARE-NAV-BEGIN> 9.21
<PER-SHARE-NII> (5.10)
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.05
<EXPENSE-RATIO> 165.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>