<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        3,831,500
<INVESTMENTS-AT-VALUE>                       3,742,400
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               1,034,100
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               4,776,500
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       44,100
<TOTAL-LIABILITIES>                             44,100
<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>                     (405,500)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         43,700
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (59,800)
<NET-ASSETS>                                 4,732,400
<DIVIDEND-INCOME>                               17,200
<INTEREST-INCOME>                               97,500
<OTHER-INCOME>                                  10,000
<EXPENSES-NET>                                 263,800
<NET-INVESTMENT-INCOME>                       (139,100)
<REALIZED-GAINS-CURRENT>                        20,400
<APPREC-INCREASE-CURRENT>                      (14,200)
<NET-CHANGE-FROM-OPS>                         (132,900)
<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>                        (132,900)
<ACCUMULATED-NII-PRIOR>                       (266,400)
<ACCUMULATED-GAINS-PRIOR>                       23,300
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                263,800
<AVERAGE-NET-ASSETS>                         4,798,850
<PER-SHARE-NAV-BEGIN>                             3.85
<PER-SHARE-NII>                                   (.11)
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.74
<EXPENSE-RATIO>                                    .05
<AVG-DEBT-OUTSTANDING>                          58,950
<AVG-DEBT-PER-SHARE>                               .05
        

</TABLE>