WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-annual
financial statements dated June 30, 2000 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 9,170,853
<INVESTMENTS-AT-VALUE> 10,266,792
<RECEIVABLES> 378,770
<ASSETS-OTHER> 843,765
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,489,327
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 143,508
<TOTAL-LIABILITIES> 143,508
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,141,769
<SHARES-COMMON-STOCK> 1,417,153
<SHARES-COMMON-PRIOR> 2,269,172
<ACCUMULATED-NII-CURRENT> (74,696)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,817,134)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,095,880
<NET-ASSETS> 11,345,819
<DIVIDEND-INCOME> 96,407
<INTEREST-INCOME> 9,726
<OTHER-INCOME> (8,218)
<EXPENSES-NET> 157,429
<NET-INVESTMENT-INCOME> (59,514)
<REALIZED-GAINS-CURRENT> 1,388,464
<APPREC-INCREASE-CURRENT> (2,288,960)
<NET-CHANGE-FROM-OPS> (960,010)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,296,532
<NUMBER-OF-SHARES-REDEEMED> 2,486,988
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,086,543)
<ACCUMULATED-NII-PRIOR> (59,292)
<ACCUMULATED-GAINS-PRIOR> (13,445,458)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 78,692
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 281,002
<AVERAGE-NET-ASSETS> 12,663,515
<PER-SHARE-NAV-BEGIN> 8.95
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> (.90)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.01
<EXPENSE-RATIO> 2.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
