[ARTICLE] 6
[CIK] 0000701388
[NAME] CAPITAL APPRECIATION FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               DEC-31-1997
[INVESTMENTS-AT-COST]                      321,797,976
[INVESTMENTS-AT-VALUE]                     418,258,195
[RECEIVABLES]                                1,732,444
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                               671
[TOTAL-ASSETS]                             419,991,310
[PAYABLE-FOR-SECURITIES]                    12,011,596
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      278,497
[TOTAL-LIABILITIES]                         12,290,093
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   297,549,689
[SHARES-COMMON-STOCK]                        8,801,078
[SHARES-COMMON-PRIOR]                        6,103,983
[ACCUMULATED-NII-CURRENT]                    1,757,481
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     13,691,309
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    96,460,219
[NET-ASSETS]                               407,460,219
[DIVIDEND-INCOME]                            2,593,555
[INTEREST-INCOME]                            1,882,080
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               2,718,154
[NET-INVESTMENT-INCOME]                      1,757,481
[REALIZED-GAINS-CURRENT]                    14,695,393
[APPREC-INCREASE-CURRENT]                   50,761,528
[NET-CHANGE-FROM-OPS]                       67,214,402
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                         2,626
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      3,339,655
[NUMBER-OF-SHARES-REDEEMED]                    642,619
[SHARES-REINVESTED]                                 59
[NET-CHANGE-IN-ASSETS]                     183,569,466
[ACCUMULATED-NII-PRIOR]                        219,605
[ACCUMULATED-GAINS-PRIOR]                  (1,220,519)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        2,436,487
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,718,154
[AVERAGE-NET-ASSETS]                           325,411
[PER-SHARE-NAV-BEGIN]                            36.72
[PER-SHARE-NII]                                  00.19
[PER-SHARE-GAIN-APPREC]                          09.41
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              46.32
[EXPENSE-RATIO]                                  00.84
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>