<ARTICLE> 6
<LEGEND>
(1) This schedule contains summary financial information extracted from the
consolidated statement of financial condition at September 30, 1996 (unaudited)
and the consolidated statement of operations for the six months ended September
30, 1996 (unaudited) and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       61,544,100
<INVESTMENTS-AT-VALUE>                     291,923,043
<RECEIVABLES>                                  152,379
<ASSETS-OTHER>                               2,950,216
<OTHER-ITEMS-ASSETS>                         8,783,893
<TOTAL-ASSETS>                             303,809,531
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      5,000,000
<OTHER-ITEMS-LIABILITIES>                   88,074,142
<TOTAL-LIABILITIES>                         93,074,142
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,017,537
<SHARES-COMMON-STOCK>                        3,767,051
<SHARES-COMMON-PRIOR>                        3,767,051
<ACCUMULATED-NII-CURRENT>                    5,382,429
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     53,307,782
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   150,060,943
<NET-ASSETS>                               210,735,389
<DIVIDEND-INCOME>                            1,604,967
<INTEREST-INCOME>                              684,702
<OTHER-INCOME>                                 298,200
<EXPENSES-NET>                                 876,579
<NET-INVESTMENT-INCOME>                      1,645,465
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                   20,795,581
<NET-CHANGE-FROM-OPS>                       22,441,046
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      753,410
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      21,687,636
<ACCUMULATED-NII-PRIOR>                      4,490,374
<ACCUMULATED-GAINS-PRIOR>                   53,307,782
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                             430,610
<GROSS-EXPENSE>                                876,579
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            50.18
<PER-SHARE-NII>                                    .44
<PER-SHARE-GAIN-APPREC>                           5.52
<PER-SHARE-DIVIDEND>                             (.20)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              55.94
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0