<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      171,676,957
<INVESTMENTS-AT-VALUE>                     180,695,469
<RECEIVABLES>                                2,034,090
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             182,729,559
<PAYABLE-FOR-SECURITIES>                       810,704
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,095,090
<TOTAL-LIABILITIES>                          1,905,794
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   157,022,171
<SHARES-COMMON-STOCK>                       14,453,123
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      286,592
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         43,367
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     9,018,512
<NET-ASSETS>                               180,823,765
<DIVIDEND-INCOME>                            3,680,066
<INTEREST-INCOME>                            7,294,647
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,050,895
<NET-INVESTMENT-INCOME>                      9,923,818
<REALIZED-GAINS-CURRENT>                     8,770,212
<APPREC-INCREASE-CURRENT>                    1,268,334
<NET-CHANGE-FROM-OPS>                       19,962,364
<EQUALIZATION>                              42,333,211
<DISTRIBUTIONS-OF-INCOME>                    9,850,406
<DISTRIBUTIONS-OF-GAINS>                     8,787,456
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     65,409,414
<NUMBER-OF-SHARES-REDEEMED>                 37,836,437
<SHARES-REINVESTED>                         14,760,234
<NET-CHANGE-IN-ASSETS>                      43,657,713
<ACCUMULATED-NII-PRIOR>                        158,963
<ACCUMULATED-GAINS-PRIOR>                      112,202
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          806,436
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,050,895
<AVERAGE-NET-ASSETS>                       161,320,698
<PER-SHARE-NAV-BEGIN>                            12.31
<PER-SHARE-NII>                                    .77
<PER-SHARE-GAIN-APPREC>                            .84
<PER-SHARE-DIVIDEND>                               .77
<PER-SHARE-DISTRIBUTIONS>                          .64
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.51
<EXPENSE-RATIO>                                    .65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>