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-31-2000
<PERIOD-END>                                MAR-31-2000
<INVESTMENTS-AT-COST>                        35,940,762
<INVESTMENTS-AT-VALUE>                      102,739,179
<RECEIVABLES>                                         0
<ASSETS-OTHER>                               24,128,442
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              126,867,621
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                      21,915,177
<OTHER-ITEMS-LIABILITIES>                    11,230,338
<TOTAL-LIABILITIES>                          33,145,515
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                     26,968,537
<SHARES-COMMON-STOCK>                         5,346,084
<SHARES-COMMON-PRIOR>                         5,023,361
<ACCUMULATED-NII-CURRENT>                       (44,848)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                               0
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                     66,798,417
<NET-ASSETS>                                 93,722,106
<DIVIDEND-INCOME>                                65,794
<INTEREST-INCOME>                               799,177
<OTHER-INCOME>                                    8,474
<EXPENSES-NET>                                3,432,819
<NET-INVESTMENT-INCOME>                      (2,559,374)
<REALIZED-GAINS-CURRENT>                     30,851,848
<APPREC-INCREASE-CURRENT>                    42,284,344
<NET-CHANGE-FROM-OPS>                        73,136,192
<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>                       70,576,818
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                                 0
<INTEREST-EXPENSE>                            1,529,954
<GROSS-EXPENSE>                               3,432,819
<AVERAGE-NET-ASSETS>                         71,400,156
<PER-SHARE-NAV-BEGIN>                              6.66
<PER-SHARE-NII>                                   (0.48)
<PER-SHARE-GAIN-APPREC>                           13.68
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                             0
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               17.53
<EXPENSE-RATIO>                                    4.81
[AVG-DEBT-OUTSTANDING]                       20,362,363
[AVG-DEBT-PER-SHARE]                               3.81



</TABLE>