WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  
   


                                  

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated statement of financial condition at December 31. 1996 (unaudited)
and the consolidated statement of operations for the nine months ended December
31, 1996 (unaudited) and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0000017313
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                       62,802,768
<INVESTMENTS-AT-VALUE>                     310,249,268
<RECEIVABLES>                                  506,035
<ASSETS-OTHER>                               3,059,790
<OTHER-ITEMS-ASSETS>                         7,424,267
<TOTAL-ASSETS>                             321,239,360
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                      5,000,000
<OTHER-ITEMS-LIABILITIES>                   94,526,220
<TOTAL-LIABILITIES>                         99,526,220
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,984,235
<SHARES-COMMON-STOCK>                        3,767,051
<SHARES-COMMON-PRIOR>                        3,767,051
<ACCUMULATED-NII-CURRENT>                    4,317,669
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     54,199,736
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   161,211,500
<NET-ASSETS>                               221,713,140
<DIVIDEND-INCOME>                            1,998,344
<INTEREST-INCOME>                              980,906
<OTHER-INCOME>                                 451,300
<EXPENSES-NET>                               1,246,199
<NET-INVESTMENT-INCOME>                      2,087,526
<REALIZED-GAINS-CURRENT>                       891,953
<APPREC-INCREASE-CURRENT>                   31,946,139
<NET-CHANGE-FROM-OPS>                       34,925,618
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,260,231
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      32,665,387
<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>                             533,713
<GROSS-EXPENSE>                              1,246,199
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            50.18
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                           8.72
<PER-SHARE-DIVIDEND>                             (.60)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              58.86
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0