SERIES PORTFOLIO
NSAR-A, 1996-09-12
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 943180
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE SERIES PORTFOLIO
001 B000000 811-9008
001 C000000 8099451824
002 A000000 PO BOX 2494
002 B000000 GEORGETOWN
002 E010000 GRAND CAYMAN
002 E020000 E9
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 THE ASIA GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 THE EUROPEAN EQUITY PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 THE JAPAN EQUITY PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 MORGAN GUARANTY TRUST CO. OF NEW YORK
008 B00AA01 A
008 C00AA01 801-999999
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10036
010 A00AA01 SIGNATURE BROKER DEALER SERVICES, INC.
010 B00AA01 8-41134
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
010 A00AA02 MORGAN GUARANTY TRUST CO OF NEW YORK
010 C01AA02 NEW YORK
<PAGE>      PAGE  2
010 C02AA02 NY
010 C03AA02 10036
010 A00AA03 PIERPONT GROUP, INC.
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10017
012 A00AA01 STATE STREET BANK AND TRUST CO.
012 B00AA01 84-999999
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 JP MORGAN SECURITIES, INC
014 B00AA01 8-99999
014 A00AA02 JP MORGAN SECURITIES, LTD.
014 B00AA02 8-99999
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   56
019 C00AA00 JPM/PIERPO
020 A000001 DAIWA
020 C000001    435
020 A000002 WARBURG
020 C000002    180
020 A000003 HG ASIA
020 C000003    122
020 A000004 NOMURA
020 C000004     92
020 A000005 WAKO
020 C000005     78
020 A000006 CROSBY
020 C000006     75
020 A000007 NIKKO
020 C000007     75
020 A000008 MORGAN STANLEY
020 C000008     43
020 A000009 DEUTSCHE BANK
020 C000009     41
020 A000010 WI CARR
020 C000010     34
021  000000     1956
022 A000001 DE SHAW
<PAGE>      PAGE  3
022 C000001     10913
022 D000001     12503
022 A000002 GOLDMAN
022 C000002     10411
022 D000002     10429
022 A000003 UBS
022 C000003      7171
022 D000003      4929
022 A000004 DEUTSCHE
022 C000004      2685
022 D000004      6317
022 A000005 MERRILL
022 C000005      4489
022 D000005      6762
022 A000006 BARCLAYS
022 C000006      4418
022 D000006      4317
022 A000007 MORGAN STANLEY
022 C000007      3268
022 D000007      5677
022 A000008 NAT WEST
022 C000008      4794
022 D000008      2154
022 A000009 BACON STIFEL
022 C000009      5681
022 D000009         0
022 A000010 HSBC
022 C000010      2647
022 D000010      2839
023 C000000      67185
023 D000000      55998
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
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
029  00AA00 N
<PAGE>      PAGE  4
030 A00AA00      0
030 B00AA00  0.00
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
039  00AA00 N
040  00AA00 N
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
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
062 A00AA00 N
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062 D00AA00   0.0
062 E00AA00   0.0
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062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
<PAGE>      PAGE  5
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 Y
067  00AA00 N
068 A00AA00 N
068 B00AA00 Y
069  00AA00 N
077 A000000 N
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082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
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086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
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086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100      5301
028 A020100         0
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028 B030100         0
028 B040100      1524
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028 C020100         0
028 C030100         0
028 C040100      4254
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028 D020100         0
028 D030100         0
<PAGE>      PAGE  6
028 D040100      5128
028 E010100      5312
028 E020100         0
028 E030100         0
028 E040100      4462
028 F010100      3580
028 F020100         0
028 F030100         0
028 F040100      3930
028 G010100     38835
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028 G030100         0
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045  000100 Y
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047  000100 Y
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048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100        0
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
<PAGE>      PAGE  7
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     59105
071 B000100     41832
071 C000100     99950
071 D000100   42
072 A000100  6
072 B000100      135
072 C000100     1157
072 D000100        0
072 E000100        0
072 F000100      414
072 G000100       19
072 H000100        0
072 I000100        0
072 J000100      184
072 K000100        0
072 L000100        2
072 M000100        1
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
<PAGE>      PAGE  8
072 R000100       28
072 S000100        1
072 T000100        0
072 U000100        3
072 V000100        0
072 W000100        5
072 X000100      657
072 Y000100        7
072 Z000100      642
072AA000100     3018
072BB000100        0
072CC010100     4623
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       38
074 B000100        0
074 C000100     1651
074 D000100     3789
074 E000100      938
074 F000100   102501
074 G000100        0
074 H000100        0
074 I000100     1404
074 J000100      977
074 K000100        0
074 L000100      372
074 M000100       26
074 N000100   111696
074 O000100      992
074 P000100      197
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       65
074 S000100        0
074 T000100   110442
074 U010100        0
074 U020100        0
074 V010100     0.00
074 V020100     0.00
074 W000100   0.0000
074 X000100        4
074 Y000100        0
075 A000100        0
<PAGE>      PAGE  9
075 B000100   104078
076  000100     0.00
028 A010200     55975
028 A020200         0
028 A030200         0
028 A040200     31729
028 B010200     25989
028 B020200         0
028 B030200         0
028 B040200     13273
028 C010200     54809
028 C020200         0
028 C030200         0
028 C040200      6651
028 D010200     79720
028 D020200         0
028 D030200         0
028 D040200     24855
028 E010200     14046
028 E020200         0
028 E030200         0
028 E040200     34331
028 F010200     13831
028 F020200         0
028 F030200         0
028 F040200     53830
028 G010200    244370
028 G020200         0
028 G030200         0
028 G040200    164669
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.650
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
<PAGE>      PAGE  10
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200        0
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200    257573
071 B000200    133033
071 C000200    797223
071 D000200   27
<PAGE>      PAGE  11
072 A000200  6
072 B000200      555
072 C000200     8130
072 D000200        0
072 E000200        0
072 F000200     1670
072 G000200       97
072 H000200        0
072 I000200        0
072 J000200      380
072 K000200        0
072 L000200        2
072 M000200        5
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       29
072 S000200        2
072 T000200        0
072 U000200        3
072 V000200        0
072 W000200       16
072 X000200     2204
072 Y000200        0
072 Z000200     6481
072AA000200     9448
072BB000200        0
072CC010200    21672
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200     2388
074 B000200        0
074 C000200    18988
074 D000200     6727
074 E000200     9964
074 F000200   545678
074 G000200        0
074 H000200        0
074 I000200    15686
074 J000200    11796
074 K000200        0
074 L000200     2120
074 M000200       28
074 N000200   613375
<PAGE>      PAGE  12
074 O000200    20741
074 P000200      339
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      190
074 S000200        0
074 T000200   592105
074 U010200        0
074 U020200        0
074 V010200     0.00
074 V020200     0.00
074 W000200   0.0000
074 X000200        3
074 Y000200     2495
075 A000200        0
075 B000200   516710
076  000200     0.00
028 A010300     31037
028 A020300         0
028 A030300         0
028 A040300      8543
028 B010300     36130
028 B020300         0
028 B030300         0
028 B040300      9286
028 C010300     44070
028 C020300         0
028 C030300         0
028 C040300      6431
028 D010300     16677
028 D020300         0
028 D030300         0
028 D040300      6253
028 E010300     23117
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028 E030300         0
028 E040300     13142
028 F010300     22856
028 F020300         0
028 F030300         0
028 F040300      7621
028 G010300    173887
028 G020300         0
028 G030300         0
028 G040300     51276
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
<PAGE>      PAGE  13
048  000300  0.650
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
058 A000300 N
059  000300 Y
060 A000300 N
060 B000300 N
061  000300        0
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
<PAGE>      PAGE  14
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300    244370
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072 X000300     1950
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072CC010300     6614
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072DD020300        0
072EE000300        0
073 A010300   0.0000
<PAGE>      PAGE  15
073 A020300   0.0000
073 B000300   0.0000
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074 A000300     1317
074 B000300        0
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076  000300     0.00
SIGNATURE   LENORE MCCABE                                
TITLE       ASST TREASURER      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data estimated from the semi annual
report dated 6/30/96 for the Asia Growth Portfolio and is qualified in its
entirety by reference to such semi annual report
</LEGEND>
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                           103245
<INVESTMENTS-AT-VALUE>                          110283
<RECEIVABLES>                                     1349
<ASSETS-OTHER>                                      64
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  111696
<PAYABLE-FOR-SECURITIES>                           992
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          262
<TOTAL-LIABILITIES>                               1254
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    110442
<DIVIDEND-INCOME>                                 1157
<INTEREST-INCOME>                                  135
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     650
<NET-INVESTMENT-INCOME>                            642
<REALIZED-GAINS-CURRENT>                          3018
<APPREC-INCREASE-CURRENT>                         4623
<NET-CHANGE-FROM-OPS>                             8283
<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>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              414
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    657
<AVERAGE-NET-ASSETS>                            104078
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                   1.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi annual
report dated 6/30/96 for the European Equity Portfolio and is qualified in its
entirety by reference to such semi annual report
</LEGEND>
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                           538443
<INVESTMENTS-AT-VALUE>                          597044
<RECEIVABLES>                                    13916
<ASSETS-OTHER>                                    2415
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  613375
<PAYABLE-FOR-SECURITIES>                         20741
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          529
<TOTAL-LIABILITIES>                              21270
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    592105
<DIVIDEND-INCOME>                                 8130
<INTEREST-INCOME>                                  555
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2204
<NET-INVESTMENT-INCOME>                           6481
<REALIZED-GAINS-CURRENT>                          9448
<APPREC-INCREASE-CURRENT>                        21672
<NET-CHANGE-FROM-OPS>                            37601
<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>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1670
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2204
<AVERAGE-NET-ASSETS>                            516710
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                    .86
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi annual
report dated 6/30/96 for the Japan Equity Portfolio and is qualified in its
entirety by reference to such semi annual report
</LEGEND>
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                           466661
<INVESTMENTS-AT-VALUE>                          480597
<RECEIVABLES>                                    16879
<ASSETS-OTHER>                                   16929
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  514405
<PAYABLE-FOR-SECURITIES>                          4147
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          917
<TOTAL-LIABILITIES>                               5064
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    509341
<DIVIDEND-INCOME>                                 1747
<INTEREST-INCOME>                                  458
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1950
<NET-INVESTMENT-INCOME>                            255
<REALIZED-GAINS-CURRENT>                         10279
<APPREC-INCREASE-CURRENT>                         6614
<NET-CHANGE-FROM-OPS>                            17148
<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>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1581
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1950
<AVERAGE-NET-ASSETS>                            489181
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                     .8
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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