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