<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                        4,785,100
<INVESTMENTS-AT-VALUE>                       4,697,300
<RECEIVABLES>                                   11,200
<ASSETS-OTHER>                                  69,600
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               4,778,100
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       47,100
<TOTAL-LIABILITIES>                             47,100
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     5,141,300
<SHARES-COMMON-STOCK>                        1,265,100
<SHARES-COMMON-PRIOR>                        1,265,100
<ACCUMULATED-NII-CURRENT>                     (365,200)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         25,500
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (83,300)
<NET-ASSETS>                                 4,731,000
<DIVIDEND-INCOME>                               11,200
<INTEREST-INCOME>                               49,500
<OTHER-INCOME>                                  10,000
<EXPENSES-NET>                                 169,500
<NET-INVESTMENT-INCOME>                        (98,800)
<REALIZED-GAINS-CURRENT>                         2,200
<APPREC-INCREASE-CURRENT>                      (37,700)
<NET-CHANGE-FROM-OPS>                         (134,300)
<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>                        (134,300)
<ACCUMULATED-NII-PRIOR>                       (266,400)
<ACCUMULATED-GAINS-PRIOR>                       23,300
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                169,500
<AVERAGE-NET-ASSETS>                         4,798,150
<PER-SHARE-NAV-BEGIN>                             3.85
<PER-SHARE-NII>                                   (.08)
<PER-SHARE-GAIN-APPREC>                           (.03)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.74
<EXPENSE-RATIO>                                    .04
<AVG-DEBT-OUTSTANDING>                          60,450
<AVG-DEBT-PER-SHARE>                               .05
        

</TABLE>