<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the
registrant's Statement of Assets and Liabilities as of December 31, 1998 and
Statement of Operations, Statements of Changes in Net Assets, and Statement of
Cash Flows for the period ended December 31, 1998 and is qualified in its
entirety by reference to such Statement of Assets and Liabilities, Statement of
Operations, Statement of Changes in Net Assets, and Statement of Cash Flows.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                        9,210,118
<INVESTMENTS-AT-VALUE>                       7,943,201
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               2,362,165
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              10,392,306
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      4,448,795
<OTHER-ITEMS-LIABILITIES>                       81,903
<TOTAL-LIABILITIES>                          4,630,698
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     7,976,773
<SHARES-COMMON-STOCK>                          921,627
<SHARES-COMMON-PRIOR>                          921,627
<ACCUMULATED-NII-CURRENT>                  (1,716,978)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,502,310
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,000,497)
<NET-ASSETS>                                 5,761,608
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              696,467
<OTHER-INCOME>                                  38,601
<EXPENSES-NET>                               1,589,325
<NET-INVESTMENT-INCOME>                      (854,257)
<REALIZED-GAINS-CURRENT>                     1,923,323
<APPREC-INCREASE-CURRENT>                  (2,620,109)
<NET-CHANGE-FROM-OPS>                      (1,551,043)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     1,032,709
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (2,656,552)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          736,766
<INTEREST-EXPENSE>                             428,510
<GROSS-EXPENSE>                              1,589,325
<AVERAGE-NET-ASSETS>                         7,089,884
<PER-SHARE-NAV-BEGIN>                             9.13
<PER-SHARE-NII>                                 (0.92)
<PER-SHARE-GAIN-APPREC>                         (0.84)
<PER-SHARE-DIVIDEND>                              1.12
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.25
<EXPENSE-RATIO>                                    .23
<AVG-DEBT-OUTSTANDING>                       6,214,976
<AVG-DEBT-PER-SHARE>                              6.70
        

</TABLE>