<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>This schedule contains Summary Financial Information extracted from the
registrant's Statement of Assets and Liabilities as of September 30, 1996
(unaudited), and Statement of Operations, Statement of Changes in Net Assets,
and Statement of Cash Flows for the period ended September 30, 1996
(unaudited), and is qualified in its entirety by reference to such Statement of
Assets and Liabilities, Statement of Operations, Statement of Changes in Net
Assets, and Statement of Cash Flows.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        2,716,515
<INVESTMENTS-AT-VALUE>                       3,491,000
<RECEIVABLES>                                   36,860
<ASSETS-OTHER>                                 111,800
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,639,660
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      1,229,871
<OTHER-ITEMS-LIABILITIES>                       82,038
<TOTAL-LIABILITIES>                          1,311,909
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,690,621
<SHARES-COMMON-STOCK>                          221,627
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    (136,856)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        773,985
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 2,327,751
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 136,856
<NET-INVESTMENT-INCOME>                      (136,856)
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                      773,985
<NET-CHANGE-FROM-OPS>                          637,129
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        221,627
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       2,327,751
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                               1,642
<GROSS-EXPENSE>                                136,856
<AVERAGE-NET-ASSETS>                         2,328,367
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                 (0.62)
<PER-SHARE-GAIN-APPREC>                           3.49
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.50
<EXPENSE-RATIO>                                   5.88
<AVG-DEBT-OUTSTANDING>                       1,229,871
<AVG-DEBT-PER-SHARE>                              5.55
        

</TABLE>