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

  

<ARTICLE> 6
       
                                                  
<PERIOD TYPE>                      9-MOS                3-MOS
<FISCAL-YEAR-END>                  DEC-31-1997          DEC-31-1997
<PERIOD-END>                       SEP-30-1998          SEP-30-1998
<INVESTMENTS-AT-COST>              $16,974,010          $16,974,010 
<INVESTMENTS-AT-VALUE>              19,926,685           19,926,685
<RECEIVABLES>                          300,000              300,000
<ASSETS-OTHER>                         460,367              460,367
<OTHER-ITEMS-ASSETS>                         0                    0
<TOTAL-ASSETS>                      20,687,052           20,687,052
<PAYABLE-FOR-SECURITIES>                     0                    0
<SENIOR-LONG-TERM-DEBT>                      0                    0
<OTHER-ITEMS-LIABILITIES>              576,189              576,189
<TOTAL-LIABILITIES>                    576,189              576,189
<SENIOR-EQUITY>                              0                    0
<PAID-IN-CAPITAL-COMMON>            16,173,519           16,173,519
<SHARES-COMMON-STOCK>               10,692,971           10,692,971
<SHARES-COMMON-PRIOR>               10,619,241           10,619,241
<ACCUMULATED-NII-CURRENT>                    0                    0
<OVERDISTRIBUTION-NII>                       0                    0
<ACCUMULATED-NET-GAINS>              2,144,486            2,144,486
<OVERDISTRIBUTION-GAINS>                     0                    0
<ACCUM-APPREC-OR-DEPREC>             1,839,666            1,839,666
<NET-ASSETS>                        20,110,863           20,110,863
<DIVIDEND-INCOME>                            0                    0
<INTEREST-INCOME>                      423,370               69,220
<OTHER-INCOME>                         143,028              135,680
<EXPENSES-NET>                       1,092,487              421,739
<NET-INVESTMENT-INCOME>               (526,089)            (216,839)
<REALIZED-GAINS-CURRENT>              (200,696)            (787,873)
<APPREC-INCREASE-CURRENT>           (5,206,057)          (1,884,529)
<NET-CHANGE-FROM-OPS>               (5,365,145)          (2,889,241)
<EQUALIZATION>                               0                    0
<DISTRIBUTIONS-OF-INCOME>                    0                    0
<DISTRIBUTIONS-OF-GAINS>                     0                    0
<DISTRIBUTIONS-OTHER>                        0                    0
<NUMBER-OF-SHARES-SOLD>                      0                    0
<NUMBER-OF-SHARES-REDEEMED>                  0                    0
<SHARES-REINVESTED>                          0                    0
<NET-CHANGE-IN-ASSETS>              (5,365,145)          (2,889,241)
<ACCUMULATED-NII-PRIOR>                      0                    0
<ACCUMULATED-GAINS-PRIOR>           12,028,191            3,893,147
<OVERDISTRIB-NII-PRIOR>                      0                    0
<OVERDIST-NET-GAINS-PRIOR>                   0                    0
<GROSS-ADVISORY-FEES>                        0                    0
<INTEREST-EXPENSE>                      85,378               11,963
<GROSS-EXPENSE>                              0                    0
<AVERAGE-NET-ASSETS>                26,882,898           21,567,089 
<PER-SHARE-NAV-BEGIN>                     3.15                 2.16 
<PER-SHARE-NII>                           (.18)                (.16)
<PER-SHARE-GAIN-APPREC>                   (.33)                (.11)
<PER-SHARE-DIVIDEND>                       .75                    0
<PER-SHARE-DISTRIBUTIONS>                    0                    0
<RETURNS-OF-CAPITAL>                         0                    0
<PER-SHARE-NAV-END>                       1.89                 1.89
<EXPENSE-RATIO>                              0                    0
<AVG-DEBT-OUTSTANDING>               2,000,000            1,250,000
<AVG-DEBT-PER-SHARE>                      0.19                 0.12