<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                      176,299,961
<INVESTMENTS-AT-VALUE>                     246,345,766
<RECEIVABLES>                                4,465,756
<ASSETS-OTHER>                                  20,397
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             250,831,919
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   98,604,918
<TOTAL-LIABILITIES>                         98,604,918
<SENIOR-EQUITY>                             74,580,325
<PAID-IN-CAPITAL-COMMON>                    77,646,676
<SHARES-COMMON-STOCK>                        4,828,492
<SHARES-COMMON-PRIOR>                        4,828,492
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               152,227,001
<DIVIDEND-INCOME>                            1,140,953
<INTEREST-INCOME>                              768,694
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,800,229
<NET-INVESTMENT-INCOME>                      (890,582)
<REALIZED-GAINS-CURRENT>                     4,494,379
<APPREC-INCREASE-CURRENT>                    4,152,452
<NET-CHANGE-FROM-OPS>                        7,756,249
<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>                       7,756,249
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,524,709
<INTEREST-EXPENSE>                             664,678
<GROSS-EXPENSE>                              2,800,229
<AVERAGE-NET-ASSETS>                       148,348,876
<PER-SHARE-NAV-BEGIN>                            29.92
<PER-SHARE-NII>                                 (0.18)
<PER-SHARE-GAIN-APPREC>                           1.79
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              31.53
<EXPENSE-RATIO>                                   1.89
<AVG-DEBT-OUTSTANDING>                      16,352,210
<AVG-DEBT-PER-SHARE>                              3.39
        

</TABLE>