<TABLE> <S> <C>

<PAGE>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES AT DECEMBER 31, 1999 AND THE STATEMENT OF
OPERATIONS FROM JANUARY 1, 1999 TO DECEMBER 31, 1999 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1999
<PERIOD-START>                             OCT-01-1999             JAN-01-1999
<PERIOD-END>                               DEC-31-1999             DEC-31-1999
<INVESTMENTS-AT-COST>                        1,883,131               1,883,131
<INVESTMENTS-AT-VALUE>                       2,046,862               2,046,862
<RECEIVABLES>                                   39,407                  39,407
<ASSETS-OTHER>                                   9,120                   9,120
<OTHER-ITEMS-ASSETS>                         1,004,428               1,004,428
<TOTAL-ASSETS>                               3,099,817               3,099,817
<PAYABLE-FOR-SECURITIES>                             0                       0
<SENIOR-LONG-TERM-DEBT>                              0                       0
<OTHER-ITEMS-LIABILITIES>                       94,370                  94,370
<TOTAL-LIABILITIES>                             94,370                  94,370
<SENIOR-EQUITY>                                      0                       0
<PAID-IN-CAPITAL-COMMON>                     2,992,722               2,992,722
<SHARES-COMMON-STOCK>                        2,841,984               2,841,984
<SHARES-COMMON-PRIOR>                        2,210,434               2,210,434
<ACCUMULATED-NII-CURRENT>                      113,031                 113,031
<OVERDISTRIBUTION-NII>                               0                       0
<ACCUMULATED-NET-GAINS>                              0                       0
<OVERDISTRIBUTION-GAINS>                             0                       0
<ACCUM-APPREC-OR-DEPREC>                       113,031                 113,031
<NET-ASSETS>                                 3,005,447               3,005,447
<DIVIDEND-INCOME>                                    0                       0
<INTEREST-INCOME>                               32,453                  74,844
<OTHER-INCOME>                                   6,250                  25,000
<EXPENSES-NET>                                  36,003                 106,967
<NET-INVESTMENT-INCOME>                          (450)                (12,653)
<REALIZED-GAINS-CURRENT>                             0                       0
<APPREC-INCREASE-CURRENT>                      113,031                 113,031
<NET-CHANGE-FROM-OPS>                          112,581                 100,378
<EQUALIZATION>                                       0                       0
<DISTRIBUTIONS-OF-INCOME>                            0                       0
<DISTRIBUTIONS-OF-GAINS>                             0                       0
<DISTRIBUTIONS-OTHER>                                0                       0
<NUMBER-OF-SHARES-SOLD>                        631,550                 631,550
<NUMBER-OF-SHARES-REDEEMED>                          0                       0
<SHARES-REINVESTED>                                  0                       0
<NET-CHANGE-IN-ASSETS>                         983,001                 966,029
<ACCUMULATED-NII-PRIOR>                              0                       0
<ACCUMULATED-GAINS-PRIOR>                            0                       0
<OVERDISTRIB-NII-PRIOR>                              0                       0
<OVERDIST-NET-GAINS-PRIOR>                           0                       0
<GROSS-ADVISORY-FEES>                           12,000                  24,000
<INTEREST-EXPENSE>                                   0                      48
<GROSS-EXPENSE>                                 36,003                 106,967
<AVERAGE-NET-ASSETS>                         2,513,947               2,522,433
<PER-SHARE-NAV-BEGIN>                              .91                     .92
<PER-SHARE-NII>                                    .00                     .01
<PER-SHARE-GAIN-APPREC>                            .04                     .05
<PER-SHARE-DIVIDEND>                               .00                     .00
<PER-SHARE-DISTRIBUTIONS>                          .00                     .00
<RETURNS-OF-CAPITAL>                               .00                     .00
<PER-SHARE-NAV-END>                               1.06                    1.06
<EXPENSE-RATIO>                                    .01                     .04


</TABLE>