<ARTICLE> 6 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <INVESTMENTS-AT-COST> 1,541,281 <INVESTMENTS-AT-VALUE> 2,317,791 <RECEIVABLES> 483,699 <ASSETS-OTHER> 0 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 2,690,422 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 0 <TOTAL-LIABILITIES> 232,372 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 0 <SHARES-COMMON-STOCK> 2,165 <SHARES-COMMON-PRIOR> 2,339 <ACCUMULATED-NII-CURRENT> 1,923,557 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> 114,600 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 0 <NET-ASSETS> 2,441,050 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 40,315 <OTHER-INCOME> 0 <EXPENSES-NET> 34,784 <NET-INVESTMENT-INCOME> (11,553) <REALIZED-GAINS-CURRENT> 53,100 <APPREC-INCREASE-CURRENT> 126,293 <NET-CHANGE-FROM-OPS> (205,199) <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 0 <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> (174) <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> (77,831) <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> 0 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 6,650 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 34,784 <AVERAGE-NET-ASSETS> 2,616,797 <PER-SHARE-NAV-BEGIN> 1,131.47 <PER-SHARE-NII> (3.84) <PER-SHARE-GAIN-APPREC> 0 <PER-SHARE-DIVIDEND> 0 <PER-SHARE-DISTRIBUTIONS> 0 <RETURNS-OF-CAPITAL> 0 <PER-SHARE-NAV-END> 1,127.62 <EXPENSE-RATIO> 1.42 <AVG-DEBT-OUTSTANDING> 0 <AVG-DEBT-PER-SHARE> 0