<TABLE> <S> <C>


<ARTICLE>                     6
<MULTIPLIER>               1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       18,485,078
<INVESTMENTS-AT-VALUE>                      17,676,075
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 557,040
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                      324,065
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                        5,023,361
<SHARES-COMMON-PRIOR>                        5,023,361
<ACCUMULATED-NII-CURRENT>                     (58,048)
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-CHANGE-FROM-OPS>                      (1,258,259)
<EQUALIZATION>                                       0
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<NET-CHANGE-IN-ASSETS>                     (1,984,474)
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<PER-SHARE-NAV-BEGIN>                             2.11
<PER-SHARE-NII>                                      0
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<EXPENSE-RATIO>                                  19.50
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</TABLE>