<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       15,240,000
<INVESTMENTS-AT-VALUE>                      17,589,000
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 443,000
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              18,032,000
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,085,000
<TOTAL-LIABILITIES>                          6,085,000
<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>                 (13,749,000)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      8,500,000
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,454,000
<NET-ASSETS>                                11,947,000
<DIVIDEND-INCOME>                                3,000
<INTEREST-INCOME>                               77,000
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 931,000
<NET-INVESTMENT-INCOME>                    (1,073,000)
<REALIZED-GAINS-CURRENT>                       395,000
<APPREC-INCREASE-CURRENT>                  (4,117,000)
<NET-CHANGE-FROM-OPS>                      (4,953,000)
<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>                     (4,727,000)
<ACCUMULATED-NII-PRIOR>                   (12,676,000)
<ACCUMULATED-GAINS-PRIOR>                    8,263,000
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                              1,346,000
<AVERAGE-NET-ASSETS>                        14,311,000
<PER-SHARE-NAV-BEGIN>                              .89
<PER-SHARE-NII>                                  (.26)
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               0.63
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                       7,627,000
<AVG-DEBT-PER-SHARE>                              0.40
        

</TABLE>