<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACORN
HOLDING CORP.'S FINANCIAL STATEMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       11,255,911
<INVESTMENTS-AT-VALUE>                      16,302,411
<RECEIVABLES>                                  454,500
<ASSETS-OTHER>                                  38,553
<OTHER-ITEMS-ASSETS>                         1,985,993
<TOTAL-ASSETS>                              18,781,457
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,862,637
<TOTAL-LIABILITIES>                          1,862,637
<SENIOR-EQUITY>                                 55,389
<PAID-IN-CAPITAL-COMMON>                    10,090,156
<SHARES-COMMON-STOCK>                        5,538,906
<SHARES-COMMON-PRIOR>                        5,538,906
<ACCUMULATED-NII-CURRENT>                    1,040,151
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (784,921)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,518,045
<NET-ASSETS>                                16,918,820
<DIVIDEND-INCOME>                              434,216
<INTEREST-INCOME>                               79,783
<OTHER-INCOME>                                 887,834
<EXPENSES-NET>                                 624,005
<NET-INVESTMENT-INCOME>                        777,828
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                    (246,469)
<NET-CHANGE-FROM-OPS>                          774,120
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                        274,607
<ACCUMULATED-GAINS-PRIOR>                    (886,921)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                624,005
<AVERAGE-NET-ASSETS>                        16,531,754
<PER-SHARE-NAV-BEGIN>                             2.91
<PER-SHARE-NII>                                   .137
<PER-SHARE-GAIN-APPREC>                         (.026)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.05
<EXPENSE-RATIO>                                   0.04
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>