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

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                           DEC-31-1999
<PERIOD-END>                                JUN-30-1999
<INVESTMENTS-AT-COST>                       162,549,792
<INVESTMENTS-AT-VALUE>                      187,723,608
<RECEIVABLES>                                 2,296,986
<ASSETS-OTHER>                                   12,500
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              190,033,094
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                      73,350,000
<OTHER-ITEMS-LIABILITIES>                     1,273,356
<TOTAL-LIABILITIES>                          74,623,356
<SENIOR-EQUITY>                                   4,954
<PAID-IN-CAPITAL-COMMON>                     77,917,681
<SHARES-COMMON-STOCK>                         4,954,304
<SHARES-COMMON-PRIOR>                         4,954,304
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                      12,313,287
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                     25,173,816
<NET-ASSETS>                                115,409,738
<DIVIDEND-INCOME>                               457,473
<INTEREST-INCOME>                             2,039,780
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                2,994,848
<NET-INVESTMENT-INCOME>                       (497,595)
<REALIZED-GAINS-CURRENT>                     18,882,686
<APPREC-INCREASE-CURRENT>                  (19,137,881)
<NET-CHANGE-FROM-OPS>                         (752,790)
<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>                        (752,790)
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                   (6,569,399)
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                         1,113,393
<INTEREST-EXPENSE>                            1,487,248
<GROSS-EXPENSE>                               2,994,848
<AVERAGE-NET-ASSETS>                        115,762,383
<PER-SHARE-NAV-BEGIN>                             23.45
<PER-SHARE-NII>                                  (0.10)
<PER-SHARE-GAIN-APPREC>                          (0.06)
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                             0
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               23.29
<EXPENSE-RATIO>                                    2.59
[AVG-DEBT-OUTSTANDING]                       37,972,099
[AVG-DEBT-PER-SHARE]                               7.66


</TABLE>