<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                      119,623,972
<INVESTMENTS-AT-VALUE>                     107,398,965
<RECEIVABLES>                                2,367,958
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             109,766,923
<PAYABLE-FOR-SECURITIES>                       166,724
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,976,629
<TOTAL-LIABILITIES>                          6,143,353
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   104,019,057
<SHARES-COMMON-STOCK>                        9,667,250
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    2,162,270
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (12,225,007)
<NET-ASSETS>                               103,623,570
<DIVIDEND-INCOME>                            3,687,504
<INTEREST-INCOME>                            7,239,527
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,033,786
<NET-INVESTMENT-INCOME>                      9,893,245
<REALIZED-GAINS-CURRENT>                     1,420,002
<APPREC-INCREASE-CURRENT>                   18,017,738
<NET-CHANGE-FROM-OPS>                       16,597,736
<EQUALIZATION>                            (55,708,471)
<DISTRIBUTIONS-OF-INCOME>                   11,243,348
<DISTRIBUTIONS-OF-GAINS>                     1,481,648
<DISTRIBUTIONS-OTHER>                        2,062,237
<NUMBER-OF-SHARES-SOLD>                      3,139,460
<NUMBER-OF-SHARES-REDEEMED>                  8,937,920
<SHARES-REINVESTED>                          1,012,587
<NET-CHANGE-IN-ASSETS>                    (77,200,195)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,033,786
<AVERAGE-NET-ASSETS>                       157,664,479
<PER-SHARE-NAV-BEGIN>                            12.51
<PER-SHARE-NII>                                     .9
<PER-SHARE-GAIN-APPREC>                         (1.44)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.25)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.72
<EXPENSE-RATIO>                                    .66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>