<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       15,162,000
<INVESTMENTS-AT-VALUE>                      20,698,000
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               3,201,000
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              23,919,000
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,269,000
<TOTAL-LIABILITIES>                          7,269,000
<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>                 (12,944,000)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,838,000
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,106,000
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               34,000
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 304,000
<NET-INVESTMENT-INCOME>                      (268,000)
<REALIZED-GAINS-CURRENT>                       959,000
<APPREC-INCREASE-CURRENT>                    (928,000)
<NET-CHANGE-FROM-OPS>                        (250,000)
<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>                   (12,676,000)
<ACCUMULATED-GAINS-PRIOR>                    8,263,000
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                              .89
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
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<EXPENSE-RATIO>                                      0
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<AVG-DEBT-PER-SHARE>                              0.19
        

</TABLE>