<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        3,118,071
<INVESTMENTS-AT-VALUE>                       3,148,989
<RECEIVABLES>                                   53,607
<ASSETS-OTHER>                                  15,809
<OTHER-ITEMS-ASSETS>                           595,261
<TOTAL-ASSETS>                               3,813,666
<PAYABLE-FOR-SECURITIES>                       125,120
<SENIOR-LONG-TERM-DEBT>                      1,158,687
<OTHER-ITEMS-LIABILITIES>                      225,057
<TOTAL-LIABILITIES>                          1,508,864
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,907,646
<SHARES-COMMON-STOCK>                          640,256
<SHARES-COMMON-PRIOR>                          640,256
<ACCUMULATED-NII-CURRENT>                  (1,919,099)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,285,337
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        30,918
<NET-ASSETS>                                 2,304,802
<DIVIDEND-INCOME>                                   19
<INTEREST-INCOME>                               52,936
<OTHER-INCOME>                                  10,822
<EXPENSES-NET>                                 535,939
<NET-INVESTMENT-INCOME>                      (414,272)
<REALIZED-GAINS-CURRENT>                      (51,374)
<APPREC-INCREASE-CURRENT>                       51,240
<NET-CHANGE-FROM-OPS>                         (25,930)
<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>                        (25,930)
<ACCUMULATED-NII-PRIOR>                    (1,893,303)
<ACCUMULATED-GAINS-PRIOR>                    1,336,711
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                              62,907
<GROSS-EXPENSE>                                535,939
<AVERAGE-NET-ASSETS>                         2,317,767
<PER-SHARE-NAV-BEGIN>                            3.640
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.60
<EXPENSE-RATIO>                                   .231
<AVG-DEBT-OUTSTANDING>                       1,158,637
<AVG-DEBT-PER-SHARE>                              1.81
        

</TABLE>