<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                       17,727,000
<INVESTMENTS-AT-VALUE>                      11,028,000
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               2,225,000
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              13,253,000
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    8,653,000
<TOTAL-LIABILITIES>                          8,653,000
<SENIOR-EQUITY>                                198,000
<PAID-IN-CAPITAL-COMMON>                    19,137,000
<SHARES-COMMON-STOCK>                        3,351,000
<SHARES-COMMON-PRIOR>                        3,302,000
<ACCUMULATED-NII-CURRENT>                 (14,668,000)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     13,648,000
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (9,662,000)
<NET-ASSETS>                                 8,653,000
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               26,000
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 290,000
<NET-INVESTMENT-INCOME>                      (375,000)
<REALIZED-GAINS-CURRENT>                     4,020,000
<APPREC-INCREASE-CURRENT>                  (3,997,000)
<NET-CHANGE-FROM-OPS>                        (352,000)
<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>                               0
<ACCUMULATED-NII-PRIOR>                   (14,293,000)
<ACCUMULATED-GAINS-PRIOR>                    9,628,000
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                             111,000
<GROSS-EXPENSE>                                401,000
<AVERAGE-NET-ASSETS>                         8,829,000
<PER-SHARE-NAV-BEGIN>                             2.73
<PER-SHARE-NII>                                 (0.11)
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               2.58
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                       5,459,000
<AVG-DEBT-PER-SHARE>                              1.63
        

</TABLE>