<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 31, 1996
(unaudited), and Statement of Operations, Statement of Changes in Net Assets,
and Statement of Cash Flows for the period ended September 31, 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>                        9,856,544
<INVESTMENTS-AT-VALUE>                      10,419,512
<RECEIVABLES>                                    2,227
<ASSETS-OTHER>                                  80,600
<OTHER-ITEMS-ASSETS>                           584,870
<TOTAL-ASSETS>                              10,108,751
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      1,739,827
<OTHER-ITEMS-LIABILITIES>                      726,316
<TOTAL-LIABILITIES>                          2,466,143
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     7,976,773
<SHARES-COMMON-STOCK>                          921,627
<SHARES-COMMON-PRIOR>                          921,627
<ACCUMULATED-NII-CURRENT>                    (430,546)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        402,627
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       562,968
<NET-ASSETS>                                 8,621,065
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              175,189
<OTHER-INCOME>                                   2,985
<EXPENSES-NET>                                 285,230
<NET-INVESTMENT-INCOME>                      (107,056)
<REALIZED-GAINS-CURRENT>                       172,301
<APPREC-INCREASE-CURRENT>                      194,068
<NET-CHANGE-FROM-OPS>                          341,933
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       153,207
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       2,394,537
<ACCUMULATED-NII-PRIOR>                      (323,490)
<ACCUMULATED-GAINS-PRIOR>                      230,326
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          160,779
<INTEREST-EXPENSE>                              63,636
<GROSS-EXPENSE>                                285,230
<AVERAGE-NET-ASSETS>                         8,526,703
<PER-SHARE-NAV-BEGIN>                             9.15
<PER-SHARE-NII>                                  (.46)
<PER-SHARE-GAIN-APPREC>                           0.44
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.17
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.35
<EXPENSE-RATIO>                                    (3)
<AVG-DEBT-OUTSTANDING>                       1,646,254
<AVG-DEBT-PER-SHARE>                              1.79
        

</TABLE>