<TABLE> <S> <C>


<ARTICLE>                                            6
<LEGEND>
     (Replace this text with the legend)
</LEGEND>
<CIK>                         0000913570
<NAME>                        Venture Lending & Leasing, Inc.
<SERIES>
   <NUMBER>                   01
   <NAME>                     Venture Lending & Leasing, Inc.
<MULTIPLIER>                                   1,000
<CURRENCY>                                     0

<S>                             <C>
<PERIOD-TYPE>                   Year
<FISCAL-YEAR-END>                              Jun-30-1999
<PERIOD-START>                                 Jul-01-1998
<PERIOD-END>                                   Jun-30-1999
<EXCHANGE-RATE>                                     1
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<INVESTMENTS-AT-VALUE>                         79,835
<RECEIVABLES>                                       0
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<SHARES-COMMON-STOCK>                              49
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<EXPENSE-RATIO>                                5.41



</TABLE>