<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                       15,702,000
<INVESTMENTS-AT-VALUE>                      20,364,000
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               1,030,000
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              21,394,000
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,419,000
<TOTAL-LIABILITIES>                          5,419,000
<SENIOR-EQUITY>                                189,000
<PAID-IN-CAPITAL-COMMON>                    18,461,000
<SHARES-COMMON-STOCK>                       18,891,000
<SHARES-COMMON-PRIOR>                       18,891,000
<ACCUMULATED-NII-CURRENT>                 (13,219,000)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,964,000
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,580,000
<NET-ASSETS>                                15,975,000
<DIVIDEND-INCOME>                                3,000
<INTEREST-INCOME>                               67,000
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 668,000
<NET-INVESTMENT-INCOME>                      (543,000)
<REALIZED-GAINS-CURRENT>                     1,168,000
<APPREC-INCREASE-CURRENT>                  (1,805,000)
<NET-CHANGE-FROM-OPS>                        (925,000)
<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>                     (5,115,000)
<ACCUMULATED-NII-PRIOR>                   (12,676,000)
<ACCUMULATED-GAINS-PRIOR>                    8,263,000
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                             307,000
<GROSS-EXPENSE>                                975,000
<AVERAGE-NET-ASSETS>                        16,325,000
<PER-SHARE-NAV-BEGIN>                              .89
<PER-SHARE-NII>                                  (.05)
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               0.85
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                       7,293,000
<AVG-DEBT-PER-SHARE>                              0.24
        

</TABLE>