<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                                0
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<TOTAL-ASSETS>                              21,023,644
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<TOTAL-LIABILITIES>                         15,517,249
<SENIOR-EQUITY>                                      0
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<ACCUMULATED-NII-CURRENT>                  (9,688,326)
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (466,454)
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
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<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        793,187
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                  (.13)
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<PER-SHARE-DISTRIBUTIONS>                            0
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<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>