<ARTICLE> 6 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> MAR-31-2000 <INVESTMENTS-AT-COST> 160,212,494 <INVESTMENTS-AT-VALUE> 159,155,792 <RECEIVABLES> 3,199,863 <ASSETS-OTHER> 5,268 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 162,360,923 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 61,168,516 <TOTAL-LIABILITIES> 61,168,516 <SENIOR-EQUITY> 9,656,540 <PAID-IN-CAPITAL-COMMON> 91,535,867 <SHARES-COMMON-STOCK> 5,930,938 <SHARES-COMMON-PRIOR> 6,107,669 <ACCUMULATED-NII-CURRENT> 0 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 10,706,580 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> (1,056,702) <NET-ASSETS> 101,192,407 <DIVIDEND-INCOME> 319,578 <INTEREST-INCOME> 1,426,654 <OTHER-INCOME> 0 <EXPENSES-NET> 1,042,957 <NET-INVESTMENT-INCOME> 703,275 <REALIZED-GAINS-CURRENT> 738,049 <APPREC-INCREASE-CURRENT> 43,866 <NET-CHANGE-FROM-OPS> 1,485,210 <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> 1,485,210 <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> 0 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 505,962 <INTEREST-EXPENSE> 389,681 <GROSS-EXPENSE> 1,042,957 <AVERAGE-NET-ASSETS> 101,305,614 <PER-SHARE-NAV-BEGIN> 16.61 <PER-SHARE-NII> 0.12 <PER-SHARE-GAIN-APPREC> 0.12 <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> 17.06 <EXPENSE-RATIO> 1.03