<ARTICLE> BD
       
                                                  
<PERIOD-TYPE>                   12-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-START>                             JAN-01-1997             JAN-01-1996
<PERIOD-END>                               DEC-31-1997             DEC-31-1996
<CASH>                                               0                       0
<RECEIVABLES>                                  514,158                 779,075
<SECURITIES-RESALE>                                  0                       0
<SECURITIES-BORROWED>                                0                       0
<INSTRUMENTS-OWNED>                         63,024,164              60,834,087
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              63,538,322              61,613,162
<SHORT-TERM>                                         0                       0
<PAYABLES>                                     514,158                 779,074
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  63,024,164              60,834,088
<TOTAL-LIABILITY-AND-EQUITY>                63,538,322              61,613,162
<TRADING-REVENUE>                                    0               6,989,192
<INTEREST-DIVIDENDS>                                 0               1,842,887
<COMMISSIONS>                                        0               5,406,851
<INVESTMENT-BANKING-REVENUES>                        0                       0
<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
<COMPENSATION>                                       0                       0
<INCOME-PRETAX>                              7,357,688              10,384,330
<INCOME-PRE-EXTRAORDINARY>                   7,357,688              10,384,330
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 7,357,688              10,384,330
<EPS-PRIMARY>                                    24.97                   31.67
<EPS-DILUTED>                                    24.97                   31.67