<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       14,440,768
<INVESTMENTS-AT-VALUE>                      17,894,541
<RECEIVABLES>                                  296,884
<ASSETS-OTHER>                                 168,603
<OTHER-ITEMS-ASSETS>                        23,255,702
<TOTAL-ASSETS>                              41,615,730
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      474,598
<TOTAL-LIABILITIES>                            474,598
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                        3,810,535
<SHARES-COMMON-PRIOR>                        3,810,535
<ACCUMULATED-NII-CURRENT>                       38,591
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         70,000
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,879,074)
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<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,308,188
<NET-INVESTMENT-INCOME>                         76,696
<REALIZED-GAINS-CURRENT>                        70,000
<APPREC-INCREASE-CURRENT>                  (1,879,074)
<NET-CHANGE-FROM-OPS>                      (1,732,378)
<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>                     (2,209,005)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,308,188
<AVERAGE-NET-ASSETS>                        42,720,233
<PER-SHARE-NAV-BEGIN>                            11.26
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                          (.47)
<PER-SHARE-DIVIDEND>                               .01
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.80
<EXPENSE-RATIO>                                   .031
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>