<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                        8,350,017
<INVESTMENTS-AT-VALUE>                       7,979,954
<RECEIVABLES>                                   48,666
<ASSETS-OTHER>                                   1,066
<OTHER-ITEMS-ASSETS>                           609,457
<TOTAL-ASSETS>                               8,639,143
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                        149,487
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                            149,487
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,002,169
<SHARES-COMMON-STOCK>                              128
<SHARES-COMMON-PRIOR>                              128
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (1,559,410)
<ACCUMULATED-NET-GAINS>                        226,127
<OVERDISTRIBUTION-GAINS>                     1,809,168
<ACCUM-APPREC-OR-DEPREC>                     (370,062)
<NET-ASSETS>                                 8,489,656
<DIVIDEND-INCOME>                                7,087
<INTEREST-INCOME>                               12,472
<OTHER-INCOME>                                (49,553)
<EXPENSES-NET>                                 113,414
<NET-INVESTMENT-INCOME>                      (143,408)
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                  (1,541,609)
<NET-CHANGE-FROM-OPS>                      (1,685,017)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                           38,699
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          1
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (1,723,716)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      833,043
<OVERDISTRIB-NII-PRIOR>                      2,022,918
<OVERDIST-NET-GAINS-PRIOR>                   1,809,168
<GROSS-ADVISORY-FEES>                           42,662
<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                         9,351,514
<PER-SHARE-NAV-BEGIN>                           79,259
<PER-SHARE-NII>                                (1,113)
<PER-SHARE-GAIN-APPREC>                       (11,963)
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                              (44)
<PER-SHARE-NAV-END>                             66,139
<EXPENSE-RATIO>                                   .017
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>