<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from Harding Loevner
financial statements at April 30, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> Emerging Markets Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 1,926,565
<INVESTMENTS-AT-VALUE> 2,550,767
<RECEIVABLES> 187,773
<ASSETS-OTHER> 7,818
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,746,358
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,219
<TOTAL-LIABILITIES> 21,219
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,986,418
<SHARES-COMMON-STOCK> 161,044
<SHARES-COMMON-PRIOR> 112,117
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 9,221
<ACCUMULATED-NET-GAINS> 123,703
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 624,239
<NET-ASSETS> 2,725,139
<DIVIDEND-INCOME> 9,527
<INTEREST-INCOME> 1,806
<OTHER-INCOME> 0
<EXPENSES-NET> 19,120
<NET-INVESTMENT-INCOME> (7,787)
<REALIZED-GAINS-CURRENT> 123,704
<APPREC-INCREASE-CURRENT> 275,930
<NET-CHANGE-FROM-OPS> 391,847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,900
<DISTRIBUTIONS-OF-GAINS> 59,290
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45,357
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 3,570
<NET-CHANGE-IN-ASSETS> 1,191,220
<ACCUMULATED-NII-PRIOR> 1,466
<ACCUMULATED-GAINS-PRIOR> 59,289
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,623
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 33,196
<AVERAGE-NET-ASSETS> 2,215,985
<PER-SHARE-NAV-BEGIN> 13.68
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 3.82
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.51
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.92
<EXPENSE-RATIO> 1.75
</TABLE>
