<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S STATEMENT OF ASSETS AND LIABILITIES AS OF JUNE 30, 1999
(UNAUDITED), AND STATEMENT OF OPERATIONS, STATEMENT OF CHANGES IN NET ASSETS,
AND STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED JUNE 30, 1999 (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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        6,252,293
<INVESTMENTS-AT-VALUE>                       6,060,651
<RECEIVABLES>                                   25,000
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         2,382,561
<TOTAL-ASSETS>                               8,468,212
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      1,977,616
<OTHER-ITEMS-LIABILITIES>                      196,355
<TOTAL-LIABILITIES>                          2,173,971
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     7,976,773
<SHARES-COMMON-STOCK>                          921,627
<SHARES-COMMON-PRIOR>                          921,627
<ACCUMULATED-NII-CURRENT>                  (2,263,797)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,488,282
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (907,018)
<NET-ASSETS>                                 6,244,241
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              255,299
<OTHER-INCOME>                                     814
<EXPENSES-NET>                                 802,392
<NET-INVESTMENT-INCOME>                      (546,819)
<REALIZED-GAINS-CURRENT>                      (14,027)
<APPREC-INCREASE-CURRENT>                    1,093,479
<NET-CHANGE-FROM-OPS>                          532,633
<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>                         532,633
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          217,537
<INTEREST-EXPENSE>                             172,889
<GROSS-EXPENSE>                                802,932
<AVERAGE-NET-ASSETS>                         6,027,927
<PER-SHARE-NAV-BEGIN>                             6.25
<PER-SHARE-NII>                                  (.60)
<PER-SHARE-GAIN-APPREC>                           1.17
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               6.82
<EXPENSE-RATIO>                                     13


</TABLE>