WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>                     6

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              MAR-31-2000
<PERIOD-END>                                   JUN-30-1999
<INVESTMENTS-AT-COST>                           22,598,633
<INVESTMENTS-AT-VALUE>                          41,214,901
<RECEIVABLES>                                            0
<ASSETS-OTHER>                                   5,602,281
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                  46,817,182
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                         19,034,549
<OTHER-ITEMS-LIABILITIES>                          398,300
<TOTAL-LIABILITIES>                             19,432,849
<SENIOR-EQUITY>                                          0
<PAID-IN-CAPITAL-COMMON>                         9,522,903
<SHARES-COMMON-STOCK>                            5,255,994
<SHARES-COMMON-PRIOR>                            5,023,361
<ACCUMULATED-NII-CURRENT>                         (754,838)
<OVERDISTRIBUTION-NII>                                   0
<ACCUMULATED-NET-GAINS>                                  0
<OVERDISTRIBUTION-GAINS>                                 0
<ACCUM-APPREC-OR-DEPREC>                        18,616,268
<NET-ASSETS>                                    27,384,333
<DIVIDEND-INCOME>                                        0
<INTEREST-INCOME>                                  181,085
<OTHER-INCOME>                                      23,512
<EXPENSES-NET>                                     658,001
<NET-INVESTMENT-INCOME>                           (453,404)
<REALIZED-GAINS-CURRENT>                                 0
<APPREC-INCREASE-CURRENT>                       (5,897,805)
<NET-CHANGE-FROM-OPS>                           (5,897,805)
<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>                          (6,351,209)
<ACCUMULATED-NII-PRIOR>                                  0
<ACCUMULATED-GAINS-PRIOR>                                0
<OVERDISTRIB-NII-PRIOR>                                  0
<OVERDIST-NET-GAINS-PRIOR>                               0
<GROSS-ADVISORY-FEES>                                    0
<INTEREST-EXPENSE>                                 315,458
<GROSS-EXPENSE>                                    658,001
<AVERAGE-NET-ASSETS>                            30,430,826
<PER-SHARE-NAV-BEGIN>                                 6.66
<PER-SHARE-NII>                                      (0.09)
<PER-SHARE-GAIN-APPREC>                              (1.14)
<PER-SHARE-DIVIDEND>                                     0
<PER-SHARE-DISTRIBUTIONS>                                0
<RETURNS-OF-CAPITAL>                                     0
<PER-SHARE-NAV-END>                                   5.21
<EXPENSE-RATIO>                                       2.16
[AVG-DEBT-OUTSTANDING]                          17,679,445
[AVG-DEBT-PER-SHARE]                                  3.36



</TABLE>