<TABLE> <S> <C>


<ARTICLE>                                                             6
<LEGEND>
     THIS SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION  EXTRACTED FROM THE
FINANCIAL  STATEMENTS  INCLUDED IN THE MICROCAP  LIQUIDATING  TRUST'S  QUARTERLY
REPORT ON FORM 10-Q FOR THE THREE  MONTHS  ENDED MARCH 31, 1999 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                                 <C>
<PERIOD-TYPE>                                                     3-MOS
<FISCAL-YEAR-END>                                           DEC-31-1999
<PERIOD-START>                                               JAN-1-1999
<PERIOD-END>                                                MAR-31-1999
<INVESTMENTS-AT-COST>                                         1,937,500
<INVESTMENTS-AT-VALUE>                                          484,375
<RECEIVABLES>                                                    13,291
<ASSETS-OTHER>                                                        0
<OTHER-ITEMS-ASSETS>                                          1,486,126
<TOTAL-ASSETS>                                                1,983,792
<PAYABLE-FOR-SECURITIES>                                              0
<SENIOR-LONG-TERM-DEBT>                                               0
<OTHER-ITEMS-LIABILITIES>                                        60,291
<TOTAL-LIABILITIES>                                              60,291
<SENIOR-EQUITY>                                                       0
<PAID-IN-CAPITAL-COMMON>                                              0
<SHARES-COMMON-STOCK>                                         2,427,281
<SHARES-COMMON-PRIOR>                                         2,427,281
<ACCUMULATED-NII-CURRENT>                                             0
<OVERDISTRIBUTION-NII>                                                0
<ACCUMULATED-NET-GAINS>                                               0
<OVERDISTRIBUTION-GAINS>                                              0
<ACCUM-APPREC-OR-DEPREC>                                    (1,453,125)
<NET-ASSETS>                                                  1,923,501
<DIVIDEND-INCOME>                                                     0
<INTEREST-INCOME>                                                40,934
<OTHER-INCOME>                                                        0
<EXPENSES-NET>                                                   90,510
<NET-INVESTMENT-INCOME>                                        (49,576)
<REALIZED-GAINS-CURRENT>                                              0
<APPREC-INCREASE-CURRENT>                                             0
<NET-CHANGE-FROM-OPS>                                          (49,576)
<EQUALIZATION>                                                        0
<DISTRIBUTIONS-OF-INCOME>                                             0
<DISTRIBUTIONS-OF-GAINS>                                              0
<DISTRIBUTIONS-OTHER>                                         1,820,461
<NUMBER-OF-SHARES-SOLD>                                               0
<NUMBER-OF-SHARES-REDEEMED>                                           0
<SHARES-REINVESTED>                                                   0
<NET-CHANGE-IN-ASSETS>                                      (1,870,037)
<ACCUMULATED-NII-PRIOR>                                               0
<ACCUMULATED-GAINS-PRIOR>                                             0
<OVERDISTRIB-NII-PRIOR>                                               0
<OVERDIST-NET-GAINS-PRIOR>                                            0
<GROSS-ADVISORY-FEES>                                                 0
<INTEREST-EXPENSE>                                                    0
<GROSS-EXPENSE>                                                       0
<AVERAGE-NET-ASSETS>                                          2,858,519
<PER-SHARE-NAV-BEGIN>                                              1.56
<PER-SHARE-NII>                                                   (.02)
<PER-SHARE-GAIN-APPREC>                                               0
<PER-SHARE-DIVIDEND>                                                  0
<PER-SHARE-DISTRIBUTIONS>                                         (.75)
<RETURNS-OF-CAPITAL>                                                  0
<PER-SHARE-NAV-END>                                                 .79
<EXPENSE-RATIO>                                                       0
<AVG-DEBT-OUTSTANDING>                                                0
<AVG-DEBT-PER-SHARE>                                                  0
        


</TABLE>