<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996
<PERIOD-END>                               DEC-31-1996             SEP-30-1996
<INVESTMENTS-AT-COST>                       23,363,737              28,492,357
<INVESTMENTS-AT-VALUE>                      24,042,843              25,895,444
<RECEIVABLES>                                  114,157               2,031,661
<ASSETS-OTHER>                                 103,252                  86,366
<OTHER-ITEMS-ASSETS>                         2,673,170                 868,137
<TOTAL-ASSETS>                              26,933,422              28,881,608
<PAYABLE-FOR-SECURITIES>                             0                       0
<SENIOR-LONG-TERM-DEBT>                              0                       0
<OTHER-ITEMS-LIABILITIES>                      260,579                 199,661
<TOTAL-LIABILITIES>                            260,579                 199,661
<SENIOR-EQUITY>                                      0                       0
<PAID-IN-CAPITAL-COMMON>                    39,074,847              39,074,847
<SHARES-COMMON-STOCK>                           43,434                  43,434
<SHARES-COMMON-PRIOR>                           43,434                  43,434
<ACCUMULATED-NII-CURRENT>                        5,020                 271,918
<OVERDISTRIBUTION-NII>                       1,741,844               1,741,846
<ACCUMULATED-NET-GAINS>                   (11,344,286)             (6,326,060)
<OVERDISTRIBUTION-GAINS>                             0                       0
<ACCUM-APPREC-OR-DEPREC>                       679,106             (2,596,912)
<NET-ASSETS>                                26,672,843              28,681,947
<DIVIDEND-INCOME>                               34,983                  13,144
<INTEREST-INCOME>                              902,771                 945,930
<OTHER-INCOME>                                  18,000                  21,607
<EXPENSES-NET>                                 950,734                 708,764
<NET-INVESTMENT-INCOME>                          5,020                 271,917
<REALIZED-GAINS-CURRENT>                   (4,054,232)                 963,994
<APPREC-INCREASE-CURRENT>                    1,049,091             (2,226,927)
<NET-CHANGE-FROM-OPS>                      (3,000,121)               (991,016)
<EQUALIZATION>                                       0                       0
<DISTRIBUTIONS-OF-INCOME>                            0                       0
<DISTRIBUTIONS-OF-GAINS>                             0                       0
<DISTRIBUTIONS-OTHER>                                0                       0
<NUMBER-OF-SHARES-SOLD>                              0                       0
<NUMBER-OF-SHARES-REDEEMED>                          0                       0
<SHARES-REINVESTED>                                  0                       0
<NET-CHANGE-IN-ASSETS>                     (3,000,121)               (991,016)
<ACCUMULATED-NII-PRIOR>                        401,778                 126,799
<ACCUMULATED-GAINS-PRIOR>                  (7,290,054)             (7,290,054)
<OVERDISTRIB-NII-PRIOR>                        230,358                 230,358
<OVERDIST-NET-GAINS-PRIOR>                           0                       0
<GROSS-ADVISORY-FEES>                          559,571                 422,877
<INTEREST-EXPENSE>                                   0                       0
<GROSS-EXPENSE>                                950,734                 708,764
<AVERAGE-NET-ASSETS>                        28,172,904              29,177,456
<PER-SHARE-NAV-BEGIN>                              683                     683
<PER-SHARE-NII>                                   .114                   6.198
<PER-SHARE-GAIN-APPREC>                       (68.497)                (28.786)
<PER-SHARE-DIVIDEND>                                 0                       0
<PER-SHARE-DISTRIBUTIONS>                            0                       0
<RETURNS-OF-CAPITAL>                                 0                       0
<PER-SHARE-NAV-END>                             615.39                  661.18
<EXPENSE-RATIO>                                   .034                    .024
<AVG-DEBT-OUTSTANDING>                               0                       0
<AVG-DEBT-PER-SHARE>                                 0                       0


</TABLE>