<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        8,320,570
<INVESTMENTS-AT-VALUE>                       9,492,117
<RECEIVABLES>                                   35,957
<ASSETS-OTHER>                                 105,474
<OTHER-ITEMS-ASSETS>                           652,529
<TOTAL-ASSETS>                              10,286,077
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       72,705
<TOTAL-LIABILITIES>                             72,705
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,040,868
<SHARES-COMMON-STOCK>                              129
<SHARES-COMMON-PRIOR>                              129
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       2,022,918
<ACCUMULATED-NET-GAINS>                        833,043
<OVERDISTRIBUTION-GAINS>                     1,809,168
<ACCUM-APPREC-OR-DEPREC>                     1,171,547
<NET-ASSETS>                                10,213,372
<DIVIDEND-INCOME>                               14,192
<INTEREST-INCOME>                              183,416
<OTHER-INCOME>                               (383,085)
<EXPENSES-NET>                                 960,255
<NET-INVESTMENT-INCOME>                    (1,145,732)
<REALIZED-GAINS-CURRENT>                     2,018,100
<APPREC-INCREASE-CURRENT>                  (2,849,578)
<NET-CHANGE-FROM-OPS>                      (1,977,210)
<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>                     (2,790,203)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        270,271
<OVERDIST-NET-GAINS-PRIOR>                   2,120,520
<GROSS-ADVISORY-FEES>                          228,363
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                960,255
<AVERAGE-NET-ASSETS>                        11,201,977
<PER-SHARE-NAV-BEGIN>                           94,226
<PER-SHARE-NII>                                (8,802)
<PER-SHARE-GAIN-APPREC>                        (6,388)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             79,250
<EXPENSE-RATIO>                                   .086
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>