<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