<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS INFORMATION IS FROM THE 1997 ANNUAL REPORT
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      128,080,024
<INVESTMENTS-AT-VALUE>                     135,830,202
<RECEIVABLES>                                1,898,145
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             137,728,347
<PAYABLE-FOR-SECURITIES>                       408,433
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      153,862
<TOTAL-LIABILITIES>                            562,295
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   117,998,574
<SHARES-COMMON-STOCK>                       11,146,135
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      158,963
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        112,202
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,750,178
<NET-ASSETS>                               137,166,052
<DIVIDEND-INCOME>                            6,591,696
<INTEREST-INCOME>                            2,381,465
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 869,395
<NET-INVESTMENT-INCOME>                      8,103,766
<REALIZED-GAINS-CURRENT>                     5,091,718
<APPREC-INCREASE-CURRENT>                    3,467,929
<NET-CHANGE-FROM-OPS>                       16,663,413
<EQUALIZATION>                              14,220,110
<DISTRIBUTIONS-OF-INCOME>                    8,238,031
<DISTRIBUTIONS-OF-GAINS>                     5,031,108
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,177,693
<NUMBER-OF-SHARES-REDEEMED>                  1,896,289
<SHARES-REINVESTED>                            858,677
<NET-CHANGE-IN-ASSETS>                      17,614,384
<ACCUMULATED-NII-PRIOR>                        293,228
<ACCUMULATED-GAINS-PRIOR>                       51,592
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          638,212
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                869,395
<AVERAGE-NET-ASSETS>                       120,840,912
<PER-SHARE-NAV-BEGIN>                            11.95
<PER-SHARE-NII>                                    .76
<PER-SHARE-GAIN-APPREC>                            .87
<PER-SHARE-DIVIDEND>                             (.80)
<PER-SHARE-DISTRIBUTIONS>                        (.47)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.31
<EXPENSE-RATIO>                                    .68
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>