<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF OPERATIONS ON PAGES 14 AND 15 OF THE COMPANY'S FORM
10-Q FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        2,641,613
<INVESTMENTS-AT-VALUE>                       2,086,517
<RECEIVABLES>                                    1,332
<ASSETS-OTHER>                                   1,123
<OTHER-ITEMS-ASSETS>                           175,522
<TOTAL-ASSETS>                               2,264,494
<PAYABLE-FOR-SECURITIES>                        52,349
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      661,761
<TOTAL-LIABILITIES>                            714,110
<SENIOR-EQUITY>                              2,197,845
<PAID-IN-CAPITAL-COMMON>                     2,901,243
<SHARES-COMMON-STOCK>                          640,256
<SHARES-COMMON-PRIOR>                          640,256
<ACCUMULATED-NII-CURRENT>                  (2,067,541)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,756,242
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (398,502)
<NET-ASSETS>                                 2,197,845
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               10,377
<OTHER-INCOME>                                   1,735
<EXPENSES-NET>                                 106,200
<NET-INVESTMENT-INCOME>                       (94,088)
<REALIZED-GAINS-CURRENT>                      (59,010)
<APPREC-INCREASE-CURRENT>                    (261,551)
<NET-CHANGE-FROM-OPS>                        (414,649)
<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>                       (414,649)
<ACCUMULATED-NII-PRIOR>                    (1,893,303)
<ACCUMULATED-GAINS-PRIOR>                    1,336,711
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                               6,960
<GROSS-EXPENSE>                                106,200
<AVERAGE-NET-ASSETS>                         2,264,289
<PER-SHARE-NAV-BEGIN>                             3.64
<PER-SHARE-NII>                                  (014)
<PER-SHARE-GAIN-APPREC>                          (.49)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.43
<EXPENSE-RATIO>                                    .05
<AVG-DEBT-OUTSTANDING>                         926,735
<AVG-DEBT-PER-SHARE>                              1.45
        

</TABLE>