<ARTICLE> 6
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                       29,400,653
<INVESTMENTS-AT-VALUE>                      40,374,405
<RECEIVABLES>                                  245,694
<ASSETS-OTHER>                                 177,779
<OTHER-ITEMS-ASSETS>                        11,683,088
<TOTAL-ASSETS>                              52,480,966
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                        418,038
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                            418,038
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    40,601,837
<SHARES-COMMON-STOCK>                        4,342,942
<SHARES-COMMON-PRIOR>                        4,342,942
<ACCUMULATED-NII-CURRENT>                      236,755
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        250,584
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    10,973,752
<NET-ASSETS>                                52,062,928
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              612,181
<OTHER-INCOME>                                 294,488
<EXPENSES-NET>                                 288,234
<NET-INVESTMENT-INCOME>                        618,435
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                    7,328,813
<NET-CHANGE-FROM-OPS>                        7,947,248
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      381,680
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       7,565,568
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      250,595
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          162,616
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                288,234
<AVERAGE-NET-ASSETS>                        48,280,144
<PER-SHARE-NAV-BEGIN>                            10.25
<PER-SHARE-NII>                                    .14
<PER-SHARE-GAIN-APPREC>                           1.69
<PER-SHARE-DIVIDEND>                               .09
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.99
<EXPENSE-RATIO>                                   .006
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0