<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary information extracted from the first quarter
of 1998 Form 10-Q Balance  Sheets and  Statements of Operations and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
       
<S>                                       <C>
<PERIOD-TYPE>                              3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       38,805,088
<INVESTMENTS-AT-VALUE>                      47,278,039
<RECEIVABLES>                                1,075,173 
<ASSETS-OTHER>                                 230,546
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              48,583,758
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      242,605
<TOTAL-LIABILITIES>                            242,605
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                          487,489
<SHARES-COMMON-PRIOR>                          487,489
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     8,445,074
<NET-ASSETS>                                48,341,152
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              201,863
<OTHER-INCOME>                                     532
<EXPENSES-NET>                                 722,416
<NET-INVESTMENT-INCOME>                       (520,021)
<REALIZED-GAINS-CURRENT>                   (17,201,622)
<APPREC-INCREASE-CURRENT>                   27,392,260
<NET-CHANGE-FROM-OPS>                        9,670,617
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      206,729
<DISTRIBUTIONS-OF-GAINS>                     5,435,566
<DISTRIBUTIONS-OTHER>                       13,546,897
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      (9,105,118)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          300,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                722,416
<AVERAGE-NET-ASSETS>                        52,893,710   
<PER-SHARE-NAV-BEGIN>                           115.96
<PER-SHARE-NII>                                  (1.06)
<PER-SHARE-GAIN-APPREC>                          55.63
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        38.13
<RETURNS-OF-CAPITAL>                             27.79
<PER-SHARE-NAV-END>                              97.47
<EXPENSE-RATIO>                                   0.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>