<ARTICLE> 6 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> SEP-30-2000 <INVESTMENTS-AT-COST> 180,179,282 <INVESTMENTS-AT-VALUE> 166,010,979 <RECEIVABLES> 4,149,266 <ASSETS-OTHER> 5,514 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 170,165,759 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 79,644,541 <TOTAL-LIABILITIES> 79,644,541 <SENIOR-EQUITY> 6,481 <PAID-IN-CAPITAL-COMMON> 89,120,323 <SHARES-COMMON-STOCK> 5,748,842 <SHARES-COMMON-PRIOR> 6,107,669 <ACCUMULATED-NII-CURRENT> 849,817 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 14,712,900 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> (14,168,303) <NET-ASSETS> 90,521,218 <DIVIDEND-INCOME> 976,432 <INTEREST-INCOME> 2,912,019 <OTHER-INCOME> 244,231 <EXPENSES-NET> 3,282,865 <NET-INVESTMENT-INCOME> 849,817 <REALIZED-GAINS-CURRENT> 4,744,369 <APPREC-INCREASE-CURRENT> (13,067,715) <NET-CHANGE-FROM-OPS> (7,473,529) <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 0 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> 358,827 <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> (10,897,602) <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> 0 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 1,456,650 <INTEREST-EXPENSE> 1,351,162 <GROSS-EXPENSE> 3,282,865 <AVERAGE-NET-ASSETS> 95,970,019 <PER-SHARE-NAV-BEGIN> 16.61 <PER-SHARE-NII> .14 <PER-SHARE-GAIN-APPREC> 0.80 <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> 15.75 <EXPENSE-RATIO> 3.42