<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                       12,739,468
<INVESTMENTS-AT-VALUE>                      19,649,804
<RECEIVABLES>                                  206,146
<ASSETS-OTHER>                                  44,519
<OTHER-ITEMS-ASSETS>                        25,156,258
<TOTAL-ASSETS>                              45,056,727
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      411,813
<TOTAL-LIABILITIES>                            411,813
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    37,649,526
<SHARES-COMMON-STOCK>                        3,810,535
<SHARES-COMMON-PRIOR>                        3,810,535
<ACCUMULATED-NII-CURRENT>                        9,241
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         74,679
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,649,379
<NET-ASSETS>                                44,644,914
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              857,765
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 810,419
<NET-INVESTMENT-INCOME>                         47,346
<REALIZED-GAINS-CURRENT>                        74,679
<APPREC-INCREASE-CURRENT>                    1,649,379
<NET-CHANGE-FROM-OPS>                        1,771,404
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       38,105
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       1,733,299
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          591,862
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                810,419
<AVERAGE-NET-ASSETS>                        43,778,265
<PER-SHARE-NAV-BEGIN>                            11.26
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                            .46
<PER-SHARE-DIVIDEND>                               .01
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.72
<EXPENSE-RATIO>                                   .037
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>