WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


                                
<PERIOD TYPE>                      12-MOS
<FISCAL-YEAR-END>                  DEC-31-1999
<PERIOD-END>                       DEC-31-1999
<INVESTMENTS-AT-COST>              16,653,130
<INVESTMENTS-AT-VALUE>             63,535,651
<RECEIVABLES>                          76,852
<ASSETS-OTHER>                      1,575,009
<OTHER-ITEMS-ASSETS>                        0
<TOTAL-ASSETS>                     65,320,768
<PAYABLE-FOR-SECURITIES>                    0
<SENIOR-LONG-TERM-DEBT>                     0
<OTHER-ITEMS-LIABILITIES>          11,685,963
<TOTAL-LIABILITIES>                11,685,963
<SENIOR-EQUITY>                             0
<PAID-IN-CAPITAL-COMMON>           16,159,504
<SHARES-COMMON-STOCK>               9,240,831
<SHARES-COMMON-PRIOR>              10,591,232
<ACCUMULATED-NII-CURRENT>                   0
<OVERDISTRIBUTION-NII>                      0
<ACCUMULATED-NET-GAINS>            (5,192,860)
<OVERDISTRIBUTION-GAINS>                    0
<ACCUM-APPREC-OR-DEPREC>           45,098,711
<NET-ASSETS>                       53,634,805
<DIVIDEND-INCOME>                         900
<INTEREST-INCOME>                     282,873
<OTHER-INCOME>                          3,911
<EXPENSES-NET>                      9,924,020
<NET-INVESTMENT-INCOME>            (9,636,336)
<REALIZED-GAINS-CURRENT>           10,976,714
<APPREC-INCREASE-CURRENT>          36,474,973
<NET-CHANGE-FROM-OPS>              37,081,381
<EQUALIZATION>                              0
<DISTRIBUTIONS-OF-INCOME>                   0
<DISTRIBUTIONS-OF-GAINS>            3,647,017
<DISTRIBUTIONS-OTHER>                       0
<NUMBER-OF-SHARES-SOLD>                     0
<NUMBER-OF-SHARES-REDEEMED>                 0
<SHARES-REINVESTED>                         0
<NET-CHANGE-IN-ASSETS>             31,078,096
<ACCUMULATED-NII-PRIOR>                     0
<ACCUMULATED-GAINS-PRIOR>            (525,177)
<OVERDISTRIB-NII-PRIOR>                     0
<OVERDIST-NET-GAINS-PRIOR>                  0
<GROSS-ADVISORY-FEES>                       0
<INTEREST-EXPENSE>                          0
<GROSS-EXPENSE>                             0
<AVERAGE-NET-ASSETS>               38,095,757
<PER-SHARE-NAV-BEGIN>                    2.13
<PER-SHARE-NII>                          (.11)
<PER-SHARE-GAIN-APPREC>                  4.12
<PER-SHARE-DIVIDEND>                      .35
<PER-SHARE-DISTRIBUTIONS>                   0
<RETURNS-OF-CAPITAL>                        0
<PER-SHARE-NAV-END>                      5.80
<EXPENSE-RATIO>                         34.08