<ARTICLE>     6
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at December 31, 1995 (unaudited)
and the Consolidated Statement of Operations for the nine months ended December
31, 1995 (unaudited) and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                                        
<PERIOD-TYPE>                              9-MOS
<FISCAL-YEAR-END>                          MAR-31-1995
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                       73,852,366
<INVESTMENTS-AT-VALUE>                     255,253,583
<RECEIVABLES>                                  763,271
<ASSETS-OTHER>                               2,625,557
<OTHER-ITEMS-ASSETS>                        60,012,209
<TOTAL-ASSETS>                             318,654,620
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                     11,000,000
<OTHER-ITEMS-LIABILITIES>                  128,935,512
<TOTAL-LIABILITIES>                        139,935,512
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,017,537
<SHARES-COMMON-STOCK>                        3,767,051
<SHARES-COMMON-PRIOR>                        3,735,051
<ACCUMULATED-NII-CURRENT>                    4,018,092
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     54,491,564
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   118,225,217
<NET-ASSETS>                               178,719,108
<DIVIDEND-INCOME>                            2,794,521
<INTEREST-INCOME>                            1,498,038
<OTHER-INCOME>                                 417,650
<EXPENSES-NET>                               2,270,126
<NET-INVESTMENT-INCOME>                      2,382,635
<REALIZED-GAINS-CURRENT>                    12,357,807
<APPREC-INCREASE-CURRENT>                   27,705,523
<NET-CHANGE-FROM-OPS>                       42,445,965
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,253,831
<DISTRIBUTIONS-OF-GAINS>                       153,376
<DISTRIBUTIONS-OTHER>                        9,264,304
<NUMBER-OF-SHARES-SOLD>                         32,000
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      31,349,204
<ACCUMULATED-NII-PRIOR>                      3,889,288
<ACCUMULATED-GAINS-PRIOR>                   42,287,133
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                           1,416,788
<GROSS-EXPENSE>                              2,270,126
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            39.46
<PER-SHARE-NII>                                   0.63
<PER-SHARE-GAIN-APPREC>                          10.64
<PER-SHARE-DIVIDEND>                            (0.60)
<PER-SHARE-DISTRIBUTIONS>                       (0.04)
<RETURNS-OF-CAPITAL>                            (2.46)
<PER-SHARE-NAV-END>                              47.44
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0