WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                                            6

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                             MAR-31-1999
<PERIOD-END>                                  MAR-31-1999
<INVESTMENTS-AT-COST>                          20,797,145
<INVESTMENTS-AT-VALUE>                         45,311,218
<RECEIVABLES>                                           0
<ASSETS-OTHER>                                  4,817,694
<OTHER-ITEMS-ASSETS>                                    0
<TOTAL-ASSETS>                                 50,128,912
<PAYABLE-FOR-SECURITIES>                                0
<SENIOR-LONG-TERM-DEBT>                        16,324,340
<OTHER-ITEMS-LIABILITIES>                         327,253
<TOTAL-LIABILITIES>                            16,651,593
<SENIOR-EQUITY>                                         0
<PAID-IN-CAPITAL-COMMON>                        9,264,680
<SHARES-COMMON-STOCK>                           5,023,361
<SHARES-COMMON-PRIOR>                           5,023,361
<ACCUMULATED-NII-CURRENT>                        (301,434)
<OVERDISTRIBUTION-NII>                                  0
<ACCUMULATED-NET-GAINS>                                 0
<OVERDISTRIBUTION-GAINS>                                0
<ACCUM-APPREC-OR-DEPREC>                       24,514,073
<NET-ASSETS>                                   33,477,319
<DIVIDEND-INCOME>                                       0
<INTEREST-INCOME>                                 773,664
<OTHER-INCOME>                                     66,233
<EXPENSES-NET>                                  2,052,031
<NET-INVESTMENT-INCOME>                        (1,212,134)
<REALIZED-GAINS-CURRENT>                          740,829
<APPREC-INCREASE-CURRENT>                      25,323,076
<NET-CHANGE-FROM-OPS>                          26,063,905
<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>                         24,851,771
<ACCUMULATED-NII-PRIOR>                                 0
<ACCUMULATED-GAINS-PRIOR>                               0
<OVERDISTRIB-NII-PRIOR>                                 0
<OVERDIST-NET-GAINS-PRIOR>                              0
<GROSS-ADVISORY-FEES>                                   0
<INTEREST-EXPENSE>                                876,538
<GROSS-EXPENSE>                                 2,052,031
<AVERAGE-NET-ASSETS>                           25,265,542
<PER-SHARE-NAV-BEGIN>                                1.71
<PER-SHARE-NII>                                     (0.24)
<PER-SHARE-GAIN-APPREC>                              5.19
<PER-SHARE-DIVIDEND>                                    0
<PER-SHARE-DISTRIBUTIONS>                               0
<RETURNS-OF-CAPITAL>                                    0
<PER-SHARE-NAV-END>                                  6.66
<EXPENSE-RATIO>                                      8.12
[AVG-DEBT-OUTSTANDING]                         11,059,026
[AVG-DEBT-PER-SHARE]                                 2.20



</TABLE>