<TABLE> <S> <C>


<ARTICLE>                                            6

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              MAR-31-2001
<PERIOD-END>                                   JUN-30-2000
<INVESTMENTS-AT-COST>                           34,950,929
<INVESTMENTS-AT-VALUE>                          68,946,072
<RECEIVABLES>                                            0
<ASSETS-OTHER>                                  19,969,628
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                  88,915,700
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                         21,625,387
<OTHER-ITEMS-LIABILITIES>                          588,670
<TOTAL-LIABILITIES>                             22,214,057
<SENIOR-EQUITY>                                          0
<PAID-IN-CAPITAL-COMMON>                        26,968,537
<SHARES-COMMON-STOCK>                            5,346,084
<SHARES-COMMON-PRIOR>                            5,346,084
<ACCUMULATED-NII-CURRENT>                                0
<OVERDISTRIBUTION-NII>                                   0
<ACCUMULATED-NET-GAINS>                                  0
<OVERDISTRIBUTION-GAINS>                                 0
<ACCUM-APPREC-OR-DEPREC>                        39,733,106
<NET-ASSETS>                                    66,701,643
<DIVIDEND-INCOME>                                        0
<INTEREST-INCOME>                                  339,222
<OTHER-INCOME>                                       7,805
<EXPENSES-NET>                                     775,643
<NET-INVESTMENT-INCOME>                           (428,616)
<REALIZED-GAINS-CURRENT>                         6,211,426
<APPREC-INCREASE-CURRENT>                      (32,803,273)
<NET-CHANGE-FROM-OPS>                          (26,591,847)
<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>                         (27,020,463)
<ACCUMULATED-NII-PRIOR>                                  0
<ACCUMULATED-GAINS-PRIOR>                                0
<OVERDISTRIB-NII-PRIOR>                                  0
<OVERDIST-NET-GAINS-PRIOR>                               0
<GROSS-ADVISORY-FEES>                                    0
<INTEREST-EXPENSE>                                 462,946
<GROSS-EXPENSE>                                    775,643
<AVERAGE-NET-ASSETS>                            80,211,875
<PER-SHARE-NAV-BEGIN>                                17.53
<PER-SHARE-NII>                                      (0.08)
<PER-SHARE-GAIN-APPREC>                              (4.97)
<PER-SHARE-DIVIDEND>                                     0
<PER-SHARE-DISTRIBUTIONS>                                0
<RETURNS-OF-CAPITAL>                                     0
<PER-SHARE-NAV-END>                                  12.48
<EXPENSE-RATIO>                                       0.97



</TABLE>