<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996
<PERIOD-END>                               DEC-31-1999             SEP-30-1996
<INVESTMENTS-AT-COST>                        8,960,242              10,555,617
<INVESTMENTS-AT-VALUE>                      12,981,367               9,763,567
<RECEIVABLES>                                   37,125                 256,151
<ASSETS-OTHER>                                  57,788                 111,423
<OTHER-ITEMS-ASSETS>                                 0                       0
<TOTAL-ASSETS>                              13,076,280              10,131,141
<PAYABLE-FOR-SECURITIES>                             0                       0
<SENIOR-LONG-TERM-DEBT>                              0                       0
<OTHER-ITEMS-LIABILITIES>                      885,698                 823,713
<TOTAL-LIABILITIES>                            885,698                 823,713
<SENIOR-EQUITY>                                      0                       0
<PAID-IN-CAPITAL-COMMON>                    12,040,868              12,040,868
<SHARES-COMMON-STOCK>                              128                     128
<SHARES-COMMON-PRIOR>                              128                     128
<ACCUMULATED-NII-CURRENT>                       91,991                       0
<OVERDISTRIBUTION-NII>                       2,171,429               2,485,498
<ACCUMULATED-NET-GAINS>                    (1,480,621)                 544,108
<OVERDISTRIBUTION-GAINS>                       311,352                       0
<ACCUM-APPREC-OR-DEPREC>                     4,021,125               (792,050)
<NET-ASSETS>                                12,190,582               9,307,428
<DIVIDEND-INCOME>                              352,690                       0
<INTEREST-INCOME>                              341,446                 108,467
<OTHER-INCOME>                                       0                       0
<EXPENSES-NET>                                 602,145                 422,538
<NET-INVESTMENT-INCOME>                         91,991               (314,071)
<REALIZED-GAINS-CURRENT>                   (1,818,865)                 517,217
<APPREC-INCREASE-CURRENT>                    3,991,618               (821,556)
<NET-CHANGE-FROM-OPS>                        2,264,744               (618,410)
<EQUALIZATION>                                       0                       0
<DISTRIBUTIONS-OF-INCOME>                            0                       0
<DISTRIBUTIONS-OF-GAINS>                             0                       0
<DISTRIBUTIONS-OTHER>                                0                       0
<NUMBER-OF-SHARES-SOLD>                              0                       0
<NUMBER-OF-SHARES-REDEEMED>                          0                       0
<SHARES-REINVESTED>                                  0                       0
<NET-CHANGE-IN-ASSETS>                       2,264,744               (618,410)
<ACCUMULATED-NII-PRIOR>                              0                       0
<ACCUMULATED-GAINS-PRIOR>                       26,892                  26,892
<OVERDISTRIB-NII-PRIOR>                      2,171,430               1,918,674
<OVERDIST-NET-GAINS-PRIOR>                           0                       0
<GROSS-ADVISORY-FEES>                          193,491                 130,836
<INTEREST-EXPENSE>                                   0                       0
<GROSS-EXPENSE>                                602,145                 422,538
<AVERAGE-NET-ASSETS>                        11,058,210               9,616,633
<PER-SHARE-NAV-BEGIN>                           76,826                  76,826
<PER-SHARE-NII>                                    706                 (2,413)
<PER-SHARE-GAIN-APPREC>                         16,693                 (2,338)
<PER-SHARE-DIVIDEND>                                 0                       0
<PER-SHARE-DISTRIBUTIONS>                            0                       0
<RETURNS-OF-CAPITAL>                                 0                       0
<PER-SHARE-NAV-END>                             94,225                  72,075
<EXPENSE-RATIO>                                   .054                    .044
<AVG-DEBT-OUTSTANDING>                               0                       0
<AVG-DEBT-PER-SHARE>                                 0                       0
        

</TABLE>