<ARTICLE> 6 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> APR-01-2000 <PERIOD-END> JUN-30-2000 <INVESTMENTS-AT-COST> 1,432,135 <INVESTMENTS-AT-VALUE> 932,135 <RECEIVABLES> 6,649,586 <ASSETS-OTHER> 3,970,324 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 13,834,710 <PAYABLE-FOR-SECURITIES> 4,154,759 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 2,344,947 <TOTAL-LIABILITIES> 6,499,706 <SENIOR-EQUITY> 113,833 <PAID-IN-CAPITAL-COMMON> 5,592,427 <SHARES-COMMON-STOCK> 11,388,251 <SHARES-COMMON-PRIOR> 12,916,451 <ACCUMULATED-NII-CURRENT> 214,301 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 0 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 0 <NET-ASSETS> 7,335,004 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 239,846 <OTHER-INCOME> 113,552 <EXPENSES-NET> 4,037,272 <NET-INVESTMENT-INCOME> 0 <REALIZED-GAINS-CURRENT> 0 <APPREC-INCREASE-CURRENT> 0 <NET-CHANGE-FROM-OPS> 0 <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 0 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> 0 <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> (1,009,909) <ACCUMULATED-NII-PRIOR> 7,335,004 <ACCUMULATED-GAINS-PRIOR> 0 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 0 <INTEREST-EXPENSE> 79,864 <GROSS-EXPENSE> 4,037,272 <AVERAGE-NET-ASSETS> 8,063,200 <PER-SHARE-NAV-BEGIN> .67 <PER-SHARE-NII> 0 <PER-SHARE-GAIN-APPREC> 0 <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> .64 <EXPENSE-RATIO> 0