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<PAGE> PAGE 2
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SIGNATURE PAUL BUCUVALAS
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Convertible Opportunities Fund AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-29-1996
<PERIOD-END> -
<INVESTMENTS-AT-COST > 93,794,881 <INVESTMENTS-AT-VALUE> 98,022,587
<RECEIVABLES> 1,869,391
<ASSETS-OTHER> 65,340
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 99,957,318
<PAYABLE-FOR-SECURITIES> 616,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,459,185
<TOTAL-LIABILITIES> 2,076,060
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 92,014,814
<SHARES-COMMON-STOCK> 3,704,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 124,797
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,513,941
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,227,706
<NET-ASSETS> 97,881,258
<DIVIDEND-INCOME> 751,985
<INTEREST-INCOME> 4,634,493
<OTHER-INCOME> 00
<EXPENSES-NET> 1,046,011
<NET-INVESTMENT-INCOME> 4,340,467
<REALIZED-GAINS-CURRENT> 1,791,739
<APPREC-INCREASE-CURRENT> 4,227,706
<NET-CHANGE-FROM-OPS> 10,359,912
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,259,594)
<DISTRIBUTIONS-OF-GAINS> (251,871)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 97,781,258
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 858,833
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,084,636
<AVERAGE-NET-ASSETS> 95,051,692
<PER-SHARE-NAV-BEGIN> 24.85
<PER-SHARE-NII> 1.17
<PER-SHARE-GAIN-APPREC> 1.63
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.43
<EXPENSE-RATIO> 1.14
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
??
</TABLE>
