<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       13,530,220
<INVESTMENTS-AT-VALUE>                      18,791,178
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 342,212
<OTHER-ITEMS-ASSETS>                        24,691,345
<TOTAL-ASSETS>                              42,911,615
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      913,120
<TOTAL-LIABILITIES>                            913,120
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    37,611,421
<SHARES-COMMON-STOCK>                        3,810,535
<SHARES-COMMON-PRIOR>                        3,660,535
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,260,958
<NET-ASSETS>                                42,911,615
<DIVIDEND-INCOME>                            1,712,400
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,681,729
<NET-INVESTMENT-INCOME>                         30,671
<REALIZED-GAINS-CURRENT>                       421,735
<APPREC-INCREASE-CURRENT>                    5,260,958
<NET-CHANGE-FROM-OPS>                        5,713,364
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       63,000
<DISTRIBUTIONS-OF-GAINS>                       381,053
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        150,000
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       6,769,311
<ACCUMULATED-NII-PRIOR>                        (7,222)
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,126,741
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,681,729
<AVERAGE-NET-ASSETS>                        39,526,960
<PER-SHARE-NAV-BEGIN>                             9.87
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                           1.50
<PER-SHARE-DIVIDEND>                               .02
<PER-SHARE-DISTRIBUTIONS>                          .10
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.26
<EXPENSE-RATIO>                                   .042
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0


</TABLE>