<ARTICLE> 6 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1996 <INVESTMENTS-AT-COST> 33,210,548 <INVESTMENTS-AT-VALUE> 38,175,402 <RECEIVABLES> 1,069,607 <ASSETS-OTHER> 257,185 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 39,795,780 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 0 <TOTAL-LIABILITIES> 1,992,548 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 15,955,005 <SHARES-COMMON-STOCK> 10,383,902 <SHARES-COMMON-PRIOR> 10,333,902 <ACCUMULATED-NII-CURRENT> 0 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 18,583,414 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 3,264,813 <NET-ASSETS> 37,803,232 <DIVIDEND-INCOME> 8,024 <INTEREST-INCOME> 450,975 <OTHER-INCOME> 35,706 <EXPENSES-NET> 1,521,317 <NET-INVESTMENT-INCOME> (673,335) <REALIZED-GAINS-CURRENT> (162,307) <APPREC-INCREASE-CURRENT> 2,862,261 <NET-CHANGE-FROM-OPS> 1,081,635 <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> 1,241,323 <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> 0 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 0 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 0 <AVERAGE-NET-ASSETS> 37,803,232 <PER-SHARE-NAV-BEGIN> 3.54 <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> 3.64 <EXPENSE-RATIO> 0 <AVG-DEBT-OUTSTANDING> 0 <AVG-DEBT-PER-SHARE> 0