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