<TABLE> <S> <C>

<PAGE>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES AT JUNE 30, 2000 AND THE STATEMENT OF
OPERATIONS FROM JANUARY 1, 2000 TO JUNE 30, 2000 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-2000
<PERIOD-START>                             APR-01-2000             JAN-01-2000
<PERIOD-END>                               JUN-30-2000             JUN-30-2000
<INVESTMENTS-AT-COST>                        4,692,149               4,692,149
<INVESTMENTS-AT-VALUE>                       4,690,260               4,690,260
<RECEIVABLES>                                   37,230                  37,230
<ASSETS-OTHER>                                   7,600                   7,600
<OTHER-ITEMS-ASSETS>                           312,637                 312,637
<TOTAL-ASSETS>                               5,049,616               5,049,616
<PAYABLE-FOR-SECURITIES>                             0                       0
<SENIOR-LONG-TERM-DEBT>                              0                       0
<OTHER-ITEMS-LIABILITIES>                       82,921                  82,921
<TOTAL-LIABILITIES>                             82,921                  82,921
<SENIOR-EQUITY>                                      0                       0
<PAID-IN-CAPITAL-COMMON>                     5,046,504               5,046,504
<SHARES-COMMON-STOCK>                        4,162,120               4,162,120
<SHARES-COMMON-PRIOR>                        4,268,221               2,841,984
<ACCUMULATED-NII-CURRENT>                       82,571                 130,401
<OVERDISTRIBUTION-NII>                               0                       0
<ACCUMULATED-NET-GAINS>                              0                       0
<OVERDISTRIBUTION-GAINS>                             0                       0
<ACCUM-APPREC-OR-DEPREC>                       161,842                 161,842
<NET-ASSETS>                                 4,966,695               4,966,695
<DIVIDEND-INCOME>                                    0                       0
<INTEREST-INCOME>                               76,321                 117,901
<OTHER-INCOME>                                   6,250                  12,500
<EXPENSES-NET>                                  45,605                  84,391
<NET-INVESTMENT-INCOME>                         21,486                  28,010
<REALIZED-GAINS-CURRENT>                             0                       0
<APPREC-INCREASE-CURRENT>                          851                 (1,889)
<NET-CHANGE-FROM-OPS>                           21,486                  28,010
<EQUALIZATION>                                       0                       0
<DISTRIBUTIONS-OF-INCOME>                            0                       0
<DISTRIBUTIONS-OF-GAINS>                             0                       0
<DISTRIBUTIONS-OTHER>                                0                       0
<NUMBER-OF-SHARES-SOLD>                              0                       0
<NUMBER-OF-SHARES-REDEEMED>                    106,101                 106,101
<SHARES-REINVESTED>                                  0                       0
<NET-CHANGE-IN-ASSETS>                       (131,076)               1,933,238
<ACCUMULATED-NII-PRIOR>                              0                       0
<ACCUMULATED-GAINS-PRIOR>                            0                       0
<OVERDISTRIB-NII-PRIOR>                              0                       0
<OVERDIST-NET-GAINS-PRIOR>                           0                       0
<GROSS-ADVISORY-FEES>                           17,000                  29,000
<INTEREST-EXPENSE>                                   0                       0
<GROSS-EXPENSE>                                 45,605                  84,391
<AVERAGE-NET-ASSETS>                         5,021,490               3,986,071
<PER-SHARE-NAV-BEGIN>                             1.19                    1.06
<PER-SHARE-NII>                                    .03                     .03
<PER-SHARE-GAIN-APPREC>                            .00                     .00
<PER-SHARE-DIVIDEND>                               .00                     .00
<PER-SHARE-DISTRIBUTIONS>                          .00                     .00
<RETURNS-OF-CAPITAL>                               .00                     .00
<PER-SHARE-NAV-END>                               1.19                    1.19
<EXPENSE-RATIO>                                    .01                     .02


</TABLE>