<TABLE> <S> <C>


<ARTICLE>                                            6
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                       19,876,469
<INVESTMENTS-AT-VALUE>                      20,113,689
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 406,224
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,519,913
<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                      249,526
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    10,901,063
<SHARES-COMMON-STOCK>                        5,023,361
<SHARES-COMMON-PRIOR>                        5,023,361
<ACCUMULATED-NII-CURRENT>                     (720,770)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                   4,524
<EXPENSES-NET>                                 432,403
<NET-INVESTMENT-INCOME>                       (164,679)
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                      (27,830)
<NET-CHANGE-FROM-OPS>                         (192,509)
<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>                        (192,509)
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                             2.11
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   4.11
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<AVG-DEBT-PER-SHARE>                              1.96
        


</TABLE>