[ARTICLE] 6
[CIK] 0000701388
[NAME] CAPITAL APPRECIATION FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1996
[PERIOD-END]                               DEC-31-1996
[INVESTMENTS-AT-COST]                      178,097,059
[INVESTMENTS-AT-VALUE]                     223,795,750
[RECEIVABLES]                                  601,874
[ASSETS-OTHER]                                     855
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             224,398,479
[PAYABLE-FOR-SECURITIES]                       109,975
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      156,753
[TOTAL-LIABILITIES]                            266,728
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   179,434,374
[SHARES-COMMON-STOCK]                        6,103,983
[SHARES-COMMON-PRIOR]                        3,681,224
[ACCUMULATED-NII-CURRENT]                    1,149,455
[OVERDISTRIBUTION-NII]                         219,605
[ACCUMULATED-NET-GAINS]                     13,938,060
[OVERDISTRIBUTION-GAINS]                     1,220,919
[ACCUM-APPREC-OR-DEPREC]                    45,698,691
[NET-ASSETS]                               224,131,751
[DIVIDEND-INCOME]                            1,687,610
[INTEREST-INCOME]                              853,439
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,391,594
[NET-INVESTMENT-INCOME]                      1,149,455
[REALIZED-GAINS-CURRENT]                    13,938,060
[APPREC-INCREASE-CURRENT]                   24,478,515
[NET-CHANGE-FROM-OPS]                       39,566,030
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,741,271
[DISTRIBUTIONS-OF-GAINS]                    23,015,510
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,944,300
[NUMBER-OF-SHARES-REDEEMED]                    287,644
[SHARES-REINVESTED]                            716,103
[NET-CHANGE-IN-ASSETS]                     101,976,319
[ACCUMULATED-NII-PRIOR]                        811,421
[ACCUMULATED-GAINS-PRIOR]                    7,856,531
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,261,284
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,391,594
[AVERAGE-NET-ASSETS]                       167,191,282
[PER-SHARE-NAV-BEGIN]                            33.18
[PER-SHARE-NII]                                  00.23
[PER-SHARE-GAIN-APPREC]                          08.49
[PER-SHARE-DIVIDEND]                             00.41
[PER-SHARE-DISTRIBUTIONS]                        04.77
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              36.72
[EXPENSE-RATIO]                                  00.83
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>