<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF ACORN VENTURE CAPITAL CORPORATION FOR THE QUARTER ENDED
MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                       13,066,280
<INVESTMENTS-AT-VALUE>                      15,611,447
<RECEIVABLES>                                  102,425
<ASSETS-OTHER>                                   5,776
<OTHER-ITEMS-ASSETS>                           261,833
<TOTAL-ASSETS>                              15,873,280
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,404,333
<TOTAL-LIABILITIES>                          1,404,333
<SENIOR-EQUITY>                                 55,389
<PAID-IN-CAPITAL-COMMON>                    14,090,156
<SHARES-COMMON-STOCK>                        5,538,906
<SHARES-COMMON-PRIOR>                        5,538,906
<ACCUMULATED-NII-CURRENT>                    (672,134)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (911,921)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,907,457
<NET-ASSETS>                                14,468,947
<DIVIDEND-INCOME>                              302,500
<INTEREST-INCOME>                                4,226
<OTHER-INCOME>                                 150,000
<EXPENSES-NET>                                 221,333
<NET-INVESTMENT-INCOME>                        235,393
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                       50,000
<NET-CHANGE-FROM-OPS>                          285,393
<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>                               0
<ACCUMULATED-NII-PRIOR>                      (907,527)
<ACCUMULATED-GAINS-PRIOR>                    (911,921)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                              19,475
<GROSS-EXPENSE>                                221,333
<AVERAGE-NET-ASSETS>                        14,468,947
<PER-SHARE-NAV-BEGIN>                             2.56
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                            .01
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               2.61
<EXPENSE-RATIO>                                    .02
<AVG-DEBT-OUTSTANDING>                         760,000
<AVG-DEBT-PER-SHARE>                               .14