WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 6 <PERIOD-TYPE> YEAR 9-MOS 9-MOS 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996 DEC-31-1995 DEC-31-1996 DEC-31-1996 <PERIOD-END> DEC-31-1995 SEP-30-1996 SEP-30-1995 SEP-30-1996 SEP-30-1996 <INVESTMENTS-AT-COST> 34,297,435 33,019,698 0 0 0 <INVESTMENTS-AT-VALUE> 34,995,705 34,001,181 0 0 0 <RECEIVABLES> 3,163,359 369,074 0 0 0 <ASSETS-OTHER> 3,836,851 8,110,184 0 0 0 <OTHER-ITEMS-ASSETS> 0 0 0 0 0 <TOTAL-ASSETS> 41,995,915 42,262,455 0 0 0 <PAYABLE-FOR-SECURITIES> 0 0 0 0 0 <SENIOR-LONG-TERM-DEBT> 0 0 0 0 0 <OTHER-ITEMS-LIABILITIES> 1,495,743 609,935 0 0 0 <TOTAL-LIABILITIES> 1,495,743 609,935 0 0 0 <SENIOR-EQUITY> 0 0 0 0 0 <PAID-IN-CAPITAL-COMMON> 39,776,354 37,357,086 0 0 0 <SHARES-COMMON-STOCK> 4,244,630 4,339,353 0 0 0 <SHARES-COMMON-PRIOR> 0 0 0 0 0 <ACCUMULATED-NII-CURRENT> 723,818 4,295,434 0 0 0 <OVERDISTRIBUTION-NII> 0 0 0 0 0 <ACCUMULATED-NET-GAINS> 0 0 0 0 0 <OVERDISTRIBUTION-GAINS> 0 0 0 0 0 <ACCUM-APPREC-OR-DEPREC> 0 0 0 0 0 <NET-ASSETS> 40,500,172 41,652,520 0 0 0 <DIVIDEND-INCOME> 0 256,190 195,714 100,000 67,500 <INTEREST-INCOME> 0 1,667,980 1,931,341 553,839 605,947 <OTHER-INCOME> 0 208,823 81,179 90,323 13,500 <EXPENSES-NET> 0 994,685 928,469 295,745 294,469 <NET-INVESTMENT-INCOME> 0 1,536,708 1,279,765 846,817 392,478 <REALIZED-GAINS-CURRENT> 0 398,400 0 398,400 0 <APPREC-INCREASE-CURRENT> 0 48,722 (156,878) (1,352,719) (39,914) <NET-CHANGE-FROM-OPS> 0 1,585,430 1,122,887 (505,902) 352,564 <EQUALIZATION> 0 0 0 0 0 <DISTRIBUTIONS-OF-INCOME> 0 (1,217,687) (767,689) (386,402) (295,962) <DISTRIBUTIONS-OF-GAINS> 0 0 0 0 0 <DISTRIBUTIONS-OTHER> 0 158,405 0 644,639 784,605 <NUMBER-OF-SHARES-SOLD> 0 0 0 0 0 <NUMBER-OF-SHARES-REDEEMED> 0 0 0 0 0 <SHARES-REINVESTED> 0 0 0 0 0 <NET-CHANGE-IN-ASSETS> 0 215,007 (892,304) 969,837 1,152,348 <ACCUMULATED-NII-PRIOR> 0 0 0 0 0 <ACCUMULATED-GAINS-PRIOR> 0 0 0 0 0 <OVERDISTRIB-NII-PRIOR> 0 0 0 0 0 <OVERDIST-NET-GAINS-PRIOR> 0 0 0 0 0 <GROSS-ADVISORY-FEES> 0 177,135 183,031 523,394 558,605 <INTEREST-EXPENSE> 0 0 0 0 0 <GROSS-EXPENSE> 0 294,469 295,745 928,469 994,685 <AVERAGE-NET-ASSETS> 0 0 0 0 0 <PER-SHARE-NAV-BEGIN> 0 9.54 9.41 9.71 9.48 <PER-SHARE-NII> 0 .35 .09 .20 .30 <PER-SHARE-GAIN-APPREC> 0 .01 (.01) (.31) (.04) <PER-SHARE-DIVIDEND> 0 (.28) (.07) (.09) (.19) <PER-SHARE-DISTRIBUTIONS> 0 0 0 0 0 <RETURNS-OF-CAPITAL> 0 (.02) .08 .09 (.05) <PER-SHARE-NAV-END> 0 9.60 9.50 9.60 9.50 <EXPENSE-RATIO> 0 0 0 0 0 <AVG-DEBT-OUTSTANDING> 0 0 0 0 0 <AVG-DEBT-PER-SHARE> 0 0 0 0 0