<ARTICLE> 6 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <INVESTMENTS-AT-COST> 4,703,567 <INVESTMENTS-AT-VALUE> 5,859,581 <RECEIVABLES> 815,059 <ASSETS-OTHER> 0 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 6,674,640 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 0 <TOTAL-LIABILITIES> 482,883 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 0 <SHARES-COMMON-STOCK> 6,309 <SHARES-COMMON-PRIOR> 6,749 <ACCUMULATED-NII-CURRENT> 905,584 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> (266,023) <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> (153,366) <NET-ASSETS> 6,191,759 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 105,070 <OTHER-INCOME> 0 <EXPENSES-NET> 80,176 <NET-INVESTMENT-INCOME> (16,676) <REALIZED-GAINS-CURRENT> (22,357) <APPREC-INCREASE-CURRENT> (16,676) <NET-CHANGE-FROM-OPS> (446,413) <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 0 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> (440) <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> (561,513) <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> 833,314 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 16,645 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 80,176 <AVERAGE-NET-ASSETS> 6,496,000 <PER-SHARE-NAV-BEGIN> 983.54 <PER-SHARE-NII> (2.19) <PER-SHARE-GAIN-APPREC> 9.41 <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> 981.35 <EXPENSE-RATIO> 1.23 <AVG-DEBT-OUTSTANDING> 0 <AVG-DEBT-PER-SHARE> 0