<TABLE> <S> <C>


<ARTICLE>                                                             6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MICROCAP
FUND,  INC.'S QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED August 31, 1996
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                                 <C>
<PERIOD-TYPE>                                                     6-MOS
<FISCAL-YEAR-END>                                           FEB-28-1997
<PERIOD-START>                                               MAR-1-1996
<PERIOD-END>                                                AUG-31-1996
<INVESTMENTS-AT-COST>                                         2,712,250
<INVESTMENTS-AT-VALUE>                                        3,700,375
<RECEIVABLES>                                                   362,366
<ASSETS-OTHER>                                                  184,154
<OTHER-ITEMS-ASSETS>                                          5,606,111
<TOTAL-ASSETS>                                                9,853,006
<PAYABLE-FOR-SECURITIES>                                              0
<SENIOR-LONG-TERM-DEBT>                                               0
<OTHER-ITEMS-LIABILITIES>                                       619,381
<TOTAL-LIABILITIES>                                             619,381
<SENIOR-EQUITY>                                                       0
<PAID-IN-CAPITAL-COMMON>                                     11,611,405
<SHARES-COMMON-STOCK>                                         2,168,403
<SHARES-COMMON-PRIOR>                                         2,098,026
<ACCUMULATED-NII-CURRENT>                                   (1,035,138)
<OVERDISTRIBUTION-NII>                                        (345,581)
<ACCUMULATED-NET-GAINS>                                       (784,850)
<OVERDISTRIBUTION-GAINS>                                              0
<ACCUM-APPREC-OR-DEPREC>                                        988,125
<NET-ASSETS>                                                  9,233,625
<DIVIDEND-INCOME>                                                     0
<INTEREST-INCOME>                                               354,571
<OTHER-INCOME>                                                        0
<EXPENSES-NET>                                                1,351,966
<NET-INVESTMENT-INCOME>                                       (997,395)
<REALIZED-GAINS-CURRENT>                                      2,659,872
<APPREC-INCREASE-CURRENT>                                   (1,168,524)
<NET-CHANGE-FROM-OPS>                                           493,953
<EQUALIZATION>                                                        0
<DISTRIBUTIONS-OF-INCOME>                                             0
<DISTRIBUTIONS-OF-GAINS>                                        665,534
<DISTRIBUTIONS-OTHER>                                         7,829,952
<NUMBER-OF-SHARES-SOLD>                                               0
<NUMBER-OF-SHARES-REDEEMED>                                           0
<SHARES-REINVESTED>                                                   0
<NET-CHANGE-IN-ASSETS>                                      (7,715,705)
<ACCUMULATED-NII-PRIOR>                                        (37,743)
<ACCUMULATED-GAINS-PRIOR>                                   (2,779,188)
<OVERDISTRIB-NII-PRIOR>                                       (345,581)
<OVERDIST-NET-GAINS-PRIOR>                                            0
<GROSS-ADVISORY-FEES>                                                 0
<INTEREST-EXPENSE>                                                    0
<GROSS-EXPENSE>                                                       0
<AVERAGE-NET-ASSETS>                                                  0
<PER-SHARE-NAV-BEGIN>                                              7.25
<PER-SHARE-NII>                                                  (0.41)
<PER-SHARE-GAIN-APPREC>                                            0.62
<PER-SHARE-DIVIDEND>                                             (0.16)
<PER-SHARE-DISTRIBUTIONS>                                        (0.27)
<RETURNS-OF-CAPITAL>                                             (3.23)
<PER-SHARE-NAV-END>                                                3.80
<EXPENSE-RATIO>                                                       0
<AVG-DEBT-OUTSTANDING>                                                0
<AVG-DEBT-PER-SHARE>                                                  0
        


</TABLE>