<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                         21106284
<INVESTMENTS-AT-VALUE>                        21904387
<RECEIVABLES>                                   894203
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                                22798793
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       671203
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      21928569
<SHARES-COMMON-STOCK>                           160791
<SHARES-COMMON-PRIOR>                          2060082
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (161449)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                      (613423)
<ACCUM-APPREC-OR-DEPREC>                        813102
<NET-ASSETS>                                  22127590
<DIVIDEND-INCOME>                               366758
<INTEREST-INCOME>                                39207
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (666750)
<NET-INVESTMENT-INCOME>                       (260785)
<REALIZED-GAINS-CURRENT>                       1925816
<APPREC-INCREASE-CURRENT>                    (3535189)
<NET-CHANGE-FROM-OPS>                        (1870158)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (536659)
<DISTRIBUTIONS-OF-GAINS>                     (2840646)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3037977
<NUMBER-OF-SHARES-REDEEMED>                 (12360445)
<SHARES-REINVESTED>                            2675034
<NET-CHANGE-IN-ASSETS>                      (11894897)
<ACCUMULATED-NII-PRIOR>                       (201994)
<ACCUMULATED-GAINS-PRIOR>                      1130802
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 666750
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<PER-SHARE-NAV-BEGIN>                           16.520
<PER-SHARE-NII>                                (0.140)
<PER-SHARE-GAIN-APPREC>                        (0.870)
<PER-SHARE-DIVIDEND>                           (1.750)
<PER-SHARE-DISTRIBUTIONS>                            0
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<EXPENSE-RATIO>                                  2.210
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>