<TABLE> <S> <C>


<ARTICLE>                     6

<S>                                           <C>
<PERIOD-TYPE>                                        9-MOS
<FISCAL-YEAR-END>                              MAR-31-2001
<PERIOD-END>                                   DEC-31-2000
<INVESTMENTS-AT-COST>                           38,555,020
<INVESTMENTS-AT-VALUE>                          46,156,982
<RECEIVABLES>                                            0
<ASSETS-OTHER>                                  12,854,099
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                  59,011,081
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                         20,550,000
<OTHER-ITEMS-LIABILITIES>                          492,288
<TOTAL-LIABILITIES>                             21,042,288
<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>                        11,000,256
<NET-ASSETS>                                    37,968,793
<DIVIDEND-INCOME>                                        0
<INTEREST-INCOME>                                  886,662
<OTHER-INCOME>                                      35,219
<EXPENSES-NET>                                   2,315,708
<NET-INVESTMENT-INCOME>                         (1,393,827)
<REALIZED-GAINS-CURRENT>                         4,836,969
<APPREC-INCREASE-CURRENT>                      (59,196,455)
<NET-CHANGE-FROM-OPS>                          (54,359,486)
<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>                         (55,753,313)
<ACCUMULATED-NII-PRIOR>                                  0
<ACCUMULATED-GAINS-PRIOR>                                0
<OVERDISTRIB-NII-PRIOR>                                  0
<OVERDIST-NET-GAINS-PRIOR>                               0
<GROSS-ADVISORY-FEES>                                    0
<INTEREST-EXPENSE>                               1,289,262
<GROSS-EXPENSE>                                  2,315,708
<AVERAGE-NET-ASSETS>                            70,298,478
<PER-SHARE-NAV-BEGIN>                                17.53
<PER-SHARE-NII>                                      (0.26)
<PER-SHARE-GAIN-APPREC>                             (10.17)
<PER-SHARE-DIVIDEND>                                     0
<PER-SHARE-DISTRIBUTIONS>                                0
<RETURNS-OF-CAPITAL>                                     0
<PER-SHARE-NAV-END>                                   7.10
<EXPENSE-RATIO>                                       3.29



</TABLE>