WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                                  6
<CIK>                                      0000913570
<NAME>                                     Venture Lending & Leasing, Inc.
<SERIES>
    <NUMBER>                               01
    <NAME>                                 Venture Lending & Leasing, Inc.
<MULTIPLIER>                                                   1,000
       
<S>                                                   <C>
<PERIOD-TYPE>                                                   YEAR
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<PERIOD-START>                                                JUL-01-1997
<PERIOD-END>                                                  Jun-30-1998
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<APPREC-INCREASE-CURRENT>                                        (41)
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<EXPENSE-RATIO>                                                    5.85%
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</TABLE>