<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACORN
VENTURE CAPITAL CORPORATION'S FINANCIAL STATEMENTS FOR THE QUARTER ENDED
SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       13,215,531
<INVESTMENTS-AT-VALUE>                      18,260,309
<RECEIVABLES>                                   88,950
<ASSETS-OTHER>                                   4,962
<OTHER-ITEMS-ASSETS>                           259,666
<TOTAL-ASSETS>                              18,519,975
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,185,283
<TOTAL-LIABILITIES>                          2,185,283
<SENIOR-EQUITY>                                 55,389
<PAID-IN-CAPITAL-COMMON>                    14,090,156
<SHARES-COMMON-STOCK>                        5,538,906
<SHARES-COMMON-PRIOR>                        5,538,906
<ACCUMULATED-NII-CURRENT>                    (526,389)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (911,921)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,627,457
<NET-ASSETS>                                16,334,692
<DIVIDEND-INCOME>                              583,300
<INTEREST-INCOME>                               10,649
<OTHER-INCOME>                                 450,000
<EXPENSES-NET>                                 662,811
<NET-INVESTMENT-INCOME>                        381,138
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                    1,770,000
<NET-CHANGE-FROM-OPS>                        2,151,138
<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>                      (907,527)
<ACCUMULATED-GAINS-PRIOR>                    (911,921)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                              58,425
<GROSS-EXPENSE>                                662,811
<AVERAGE-NET-ASSETS>                        15,669,359
<PER-SHARE-NAV-BEGIN>                             2.56
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           0.32
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               2.95
<EXPENSE-RATIO>                                   0.04
<AVG-DEBT-OUTSTANDING>                         760,000
<AVG-DEBT-PER-SHARE>                              0.14
        

</TABLE>