<ARTICLE> BD
       
                                                  
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1997
<PERIOD-START>                             JAN-01-1998             JAN-01-1997
<PERIOD-END>                               MAR-31-1998             MAR-31-1997
<CASH>                                               0                       0
<RECEIVABLES>                               24,504,346              26,844,897
<SECURITIES-RESALE>                                  0                       0
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<INSTRUMENTS-OWNED>                                  0                       0
<PP&E>                                               0                       0
<TOTAL-ASSETS>                              24,504,346              26,844,897
<SHORT-TERM>                                         0                       0
<PAYABLES>                                     354,049                 503,043
<REPOS-SOLD>                                         0                       0
<SECURITIES-LOANED>                                  0                       0
<INSTRUMENTS-SOLD>                                   0                       0
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<COMMON>                                             0                       0
<OTHER-SE>                                  24,150,297              26,341,854
<TOTAL-LIABILITY-AND-EQUITY>                24,504,346              26,844,897
<TRADING-REVENUE>                              159,325               1,244,212
<INTEREST-DIVIDENDS>                           128,173                 137,457
<COMMISSIONS>                                  229,650                 397,757
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<FEE-REVENUE>                                        0                       0
<INTEREST-EXPENSE>                                   0                       0
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<INCOME-PRETAX>                                755,663               1,691,029
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<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   755,663               1,691,029
<EPS-PRIMARY>                                     7.09                   13.88
<EPS-DILUTED>                                     7.09                   13.88