<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      113,247,295
<INVESTMENTS-AT-VALUE>                     117,529,544
<RECEIVABLES>                                2,802,579
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             120,332,123
<PAYABLE-FOR-SECURITIES>                       300,354
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      480,101
<TOTAL-LIABILITIES>                            780,455
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   104,918,545
<SHARES-COMMON-STOCK>                       10,006,054
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      293,228
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         51,592
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,282,249
<NET-ASSETS>                               119,551,668
<DIVIDEND-INCOME>                            1,398,656
<INTEREST-INCOME>                            5,552,414
<OTHER-INCOME>                                  57,561
<EXPENSES-NET>                                 682,733
<NET-INVESTMENT-INCOME>                      6,295,898
<REALIZED-GAINS-CURRENT>                     3,063,135
<APPREC-INCREASE-CURRENT>                    7,392,882
<NET-CHANGE-FROM-OPS>                       16,751,915
<EQUALIZATION>                              56,021,073
<DISTRIBUTIONS-OF-INCOME>                    6,034,698
<DISTRIBUTIONS-OF-GAINS>                     3,012,003
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,395,245
<NUMBER-OF-SHARES-REDEEMED>                  2,196,051
<SHARES-REINVESTED>                            611,416
<NET-CHANGE-IN-ASSETS>                      63,726,287
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          460
<OVERDISTRIB-NII-PRIOR>                          4,675
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          477,283
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                682,733
<AVERAGE-NET-ASSETS>                        98,295,956
<PER-SHARE-NAV-BEGIN>                            10.75
<PER-SHARE-NII>                                   0.73
<PER-SHARE-GAIN-APPREC>                           1.48
<PER-SHARE-DIVIDEND>                              0.70
<PER-SHARE-DISTRIBUTIONS>                         0.31
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.95
<EXPENSE-RATIO>                                   0.73
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>