<TABLE> <S> <C>


<ARTICLE>                     6
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                               MAR-31-1999  
<PERIOD-END>                                    DEC-31-1999  
<INVESTMENTS-AT-COST>                           17,741,040
<INVESTMENTS-AT-VALUE>                          41,996,975
<RECEIVABLES>                                            0
<ASSETS-OTHER>                                     475,764
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                  42,472,739
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                          9,314,130
<OTHER-ITEMS-LIABILITIES>                          252,275
<TOTAL-LIABILITIES>                              9,566,405
<SENIOR-EQUITY>                                          0
<PAID-IN-CAPITAL-COMMON>                         9,492,599
<SHARES-COMMON-STOCK>                            5,023,361
<SHARES-COMMON-PRIOR>                            5,023,361
<ACCUMULATED-NII-CURRENT>                       23,413,735
<OVERDISTRIBUTION-NII>                                   0
<ACCUMULATED-NET-GAINS>                                  0
<OVERDISTRIBUTION-GAINS>                                 0
<ACCUM-APPREC-OR-DEPREC>                        24,255,935
<NET-ASSETS>                                    32,906,334
<DIVIDEND-INCOME>                                        0
<INTEREST-INCOME>                                  520,276
<OTHER-INCOME>                                     108,519
<EXPENSES-NET>                                   1,400,258
<NET-INVESTMENT-INCOME>                           (771,463)
<REALIZED-GAINS-CURRENT>                           (12,689)
<APPREC-INCREASE-CURRENT>                       25,064,938
<NET-CHANGE-FROM-OPS>                           24,280,786
<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>                          24,280,786
<ACCUMULATED-NII-PRIOR>                                  0
<ACCUMULATED-GAINS-PRIOR>                                0
<OVERDISTRIB-NII-PRIOR>                                  0
<OVERDIST-NET-GAINS-PRIOR>                               0
<GROSS-ADVISORY-FEES>                                    0
<INTEREST-EXPENSE>                                 591,936
<GROSS-EXPENSE>                                  1,400,258
<AVERAGE-NET-ASSETS>                            19,052,599
<PER-SHARE-NAV-BEGIN>                                 1.71
<PER-SHARE-NII>                                      (0.15)
<PER-SHARE-GAIN-APPREC>                               4.99
<PER-SHARE-DIVIDEND>                                     0
<PER-SHARE-DISTRIBUTIONS>                                0
<RETURNS-OF-CAPITAL>                                     0
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<EXPENSE-RATIO>                                       7.35
<AVG-DEBT-OUTSTANDING>                           9,298,816
<AVG-DEBT-PER-SHARE>                                  1.85
                                               


</TABLE>