<ARTICLE> 6 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <INVESTMENTS-AT-COST> 1,656,200 <INVESTMENTS-AT-VALUE> 2,234,069 <RECEIVABLES> 483,942 <ASSETS-OTHER> 0 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 2,768,253 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 0 <TOTAL-LIABILITIES> 122,004 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 0 <SHARES-COMMON-STOCK> 2,339 <SHARES-COMMON-PRIOR> 2,389 <ACCUMULATED-NII-CURRENT> 1,932,548 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 61,500 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 72,773 <NET-ASSETS> 2,646,249 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 40,961 <OTHER-INCOME> 0 <EXPENSES-NET> 37,388 <NET-INVESTMENT-INCOME> 137,846 <REALIZED-GAINS-CURRENT> 61,500 <APPREC-INCREASE-CURRENT> 137,846 <NET-CHANGE-FROM-OPS> (19,352) <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 0 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> (50) <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> 44,088 <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> 0 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 6,838 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 37,388 <AVERAGE-NET-ASSETS> 2,669,552 <PER-SHARE-NAV-BEGIN> 1,115.89 <PER-SHARE-NII> 55.58 <PER-SHARE-GAIN-APPREC> 0 <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> 1,131.47 <EXPENSE-RATIO> 1.41 <AVG-DEBT-OUTSTANDING> 0 <AVG-DEBT-PER-SHARE> 0