<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AT SEPTEMBER 30, 1995 (UNAUDITED)
AND THE CONSOLIDATED STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED SEPTEMBER
30, 1995 (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1995
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               SEP-30-1995
<INVESTMENTS-AT-COST>                       60,358,504
<INVESTMENTS-AT-VALUE>                     245,113,224
<RECEIVABLES>                                  334,262
<ASSETS-OTHER>                               2,606,548
<OTHER-ITEMS-ASSETS>                        80,650,944
<TOTAL-ASSETS>                             328,704,978
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                     11,000,000
<OTHER-ITEMS-LIABILITIES>                  148,590,965
<TOTAL-LIABILITIES>                        159,590,965
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     4,813,121
<SHARES-COMMON-STOCK>                        4,204,416
<SHARES-COMMON-PRIOR>                        4,172,416
<ACCUMULATED-NII-CURRENT>                    4,729,066
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     41,995,992
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   120,404,720
<NET-ASSETS>                               169,114,013
<DIVIDEND-INCOME>                            1,292,103
<INTEREST-INCOME>                            1,034,274
<OTHER-INCOME>                                 268,300
<EXPENSES-NET>                               1,108,540
<NET-INVESTMENT-INCOME>                      1,449,023
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                   29,885,026
<NET-CHANGE-FROM-OPS>                       31,334,049
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      747,010
<DISTRIBUTIONS-OF-GAINS>                       153,376
<DISTRIBUTIONS-OTHER>                        9,264,304
<NUMBER-OF-SHARES-SOLD>                         32,000
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      21,744,109
<ACCUMULATED-NII-PRIOR>                      3,889,288
<ACCUMULATED-GAINS-PRIOR>                   42,287,133
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                             587,395
<GROSS-EXPENSE>                              1,108,540
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            39.46
<PER-SHARE-NII>                                    .38
<PER-SHARE-GAIN-APPREC>                           7.94
<PER-SHARE-DIVIDEND>                               .20
<PER-SHARE-DISTRIBUTIONS>                          .04
<RETURNS-OF-CAPITAL>                              2.65
<PER-SHARE-NAV-END>                              44.89
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0