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

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                           DEC-31-1999
<PERIOD-END>                                SEP-30-1999
<INVESTMENTS-AT-COST>                       146,640,721
<INVESTMENTS-AT-VALUE>                      156,518,998
<RECEIVABLES>                                 1,970,331
<ASSETS-OTHER>                                   11,142
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              158,500,471
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                      45,850,000
<OTHER-ITEMS-LIABILITIES>                       865,283
<TOTAL-LIABILITIES>                          46,715,283
<SENIOR-EQUITY>                                   5,608
<PAID-IN-CAPITAL-COMMON>                     78,064,837
<SHARES-COMMON-STOCK>                         4,954,304
<SHARES-COMMON-PRIOR>                         4,954,304
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                      23,836,465
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                      9,878,277
<NET-ASSETS>                                111,785,187
<DIVIDEND-INCOME>                               694,634
<INTEREST-INCOME>                             3,009,468
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                4,046,387
<NET-INVESTMENT-INCOME>                       (342,285)
<REALIZED-GAINS-CURRENT>                     30,405,864
<APPREC-INCREASE-CURRENT>                  (34,433,420)
<NET-CHANGE-FROM-OPS>                       (4,369,841)
<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>                      (4,369,841)
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                   (6,569,399)
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                         1,672,319
<INTEREST-EXPENSE>                            1,826,036
<GROSS-EXPENSE>                               4,046,387
<AVERAGE-NET-ASSETS>                        113,970,108
<PER-SHARE-NAV-BEGIN>                             23.45
<PER-SHARE-NII>                                   (.07)
<PER-SHARE-GAIN-APPREC>                           (.82)
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                             0
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               22.56
<EXPENSE-RATIO>                                    3.55
[AVG-DEBT-OUTSTANDING]                       30,246,154
[AVG-DEBT-PER-SHARE]                               6.11


</TABLE>