<TABLE> <S> <C>


<ARTICLE>               6

       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                       19,096,477
<INVESTMENTS-AT-VALUE>                      18,974,441
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 402,502
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              19,376,943
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      9,263,084
<OTHER-ITEMS-LIABILITIES>                      325,387
<TOTAL-LIABILITIES>                          9,588,471
<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>                     (990,555)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (122,036)
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<OTHER-INCOME>                                  33,944
<EXPENSES-NET>                                 928,007
<NET-INVESTMENT-INCOME>                       (351,996)
<REALIZED-GAINS-CURRENT>                       (82,468)
<APPREC-INCREASE-CURRENT>                     (387,086)
<NET-CHANGE-FROM-OPS>                         (821,550)
<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>                        (821,550)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                             2.11
<PER-SHARE-NII>                                   (.16)
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<EXPENSE-RATIO>                                   9.03
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<AVG-DEBT-PER-SHARE>                              1.92




        


</TABLE>