WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 6 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <INVESTMENTS-AT-COST> 36,220,712 <INVESTMENTS-AT-VALUE> 41,909,633 <RECEIVABLES> 248,197 <ASSETS-OTHER> 72,373 <OTHER-ITEMS-ASSETS> 6,535,823 <TOTAL-ASSETS> 48,766,026 <PAYABLE-FOR-SECURITIES> 0 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 3,164,990 <TOTAL-LIABILITIES> 3,164,990 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 38,936,619 <SHARES-COMMON-STOCK> 4,142,942 <SHARES-COMMON-PRIOR> 4,143,448 <ACCUMULATED-NII-CURRENT> 0 <OVERDISTRIBUTION-NII> 35,416 <ACCUMULATED-NET-GAINS> 1,010,912 <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 5,688,921 <NET-ASSETS> 45,601,036 <DIVIDEND-INCOME> 341,198 <INTEREST-INCOME> 960,521 <OTHER-INCOME> (27,064) <EXPENSES-NET> 1,090,649 <NET-INVESTMENT-INCOME> 184,006 <REALIZED-GAINS-CURRENT> 9,255,363 <APPREC-INCREASE-CURRENT> 3,266,135 <NET-CHANGE-FROM-OPS> 12,705,504 <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> 331,935 <DISTRIBUTIONS-OF-GAINS> 8,244,454 <DISTRIBUTIONS-OTHER> 3,780 <NUMBER-OF-SHARES-SOLD> 0 <NUMBER-OF-SHARES-REDEEMED> 506 <SHARES-REINVESTED> 0 <NET-CHANGE-IN-ASSETS> 4,125,335 <ACCUMULATED-NII-PRIOR> 112,526 <ACCUMULATED-GAINS-PRIOR> 2,422,776 <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 674,956 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 1,090,649 <AVERAGE-NET-ASSETS> 43,538,369 <PER-SHARE-NAV-BEGIN> 10.01 <PER-SHARE-NII> 0.04 <PER-SHARE-GAIN-APPREC> 3.02 <PER-SHARE-DIVIDEND> 2.07 <PER-SHARE-DISTRIBUTIONS> 0.00 <RETURNS-OF-CAPITAL> 0.00 <PER-SHARE-NAV-END> 11.01 <EXPENSE-RATIO> 0.03 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0