WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 6 <PERIOD TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1997 <INVESTMENTS-AT-COST> 28,984,962 <INVESTMENTS-AT-VALUE> 29,058,316 <RECEIVABLES> 2,235,182 <ASSETS-OTHER> 275,227 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 31,700,755 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 456,746 <TOTAL-LIABILITIES> 456,746 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 15,955,003 <SHARES-COMMON-STOCK> 10,442,682 <SHARES-COMMON-PRIOR> 10,442,682 <ACCUMULATED-NII-CURRENT> 0 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 15,215,652 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 73,354 <NET-ASSETS> 31,244,009 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 87,833 <OTHER-INCOME> 7,500 <EXPENSES-NET> 594,834 <NET-INVESTMENT-INCOME> (499,501) <REALIZED-GAINS-CURRENT> 168,030 <APPREC-INCREASE-CURRENT> (3,990,010) <NET-CHANGE-FROM-OPS> (3,026,306) <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> (3,026,306) <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> 33,588,306 <PER-SHARE-NAV-BEGIN> 3.44 <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> 2.99 <EXPENSE-RATIO> 0 <AVG-DEBT-OUTSTANDING> 0 <AVG-DEBT-PER-SHARE> 0