<ARTICLE>      6                   
                       
<LEGEND>      (A)
          This schedule  contains summary financial  information  extracted from
          the  Consolidated  Statement of  Financial  Condition at June 30, 1997
          (unaudited) and the Consolidated Statement of Operations for the three
          months  ended  June  30,  1997  (unaudited)  and is  qualified  in its
          entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>                   1
<CURRENCY>                     US DOLLARS
       
                              
  
<PERIOD-TYPE>                  3-MOS
<FISCAL-YEAR-END>              MAR-31-1997
<PERIOD-START>                 APR-01-1997 
<PERIOD-END>                   JUN-30-1997
<EXCHANGE-RATE>                1
<INVESTMENTS-AT-COST>          57,850,876
<INVESTMENTS-AT-VALUE>        316,636,443
<RECEIVABLES>                  13,049,047                   
<ASSETS-OTHER>                  3,325,507               
<OTHER-ITEMS-ASSETS>           15,885,184         
<TOTAL-ASSETS>                348,896,181                 
<PAYABLE-FOR-SECURITIES>                0
<SENIOR-LONG-TERM-DEBT>         5,000,000 
<OTHER-ITEMS-LIABILITIES>      99,987,865
<TOTAL-LIABILITIES>           104,987,865
<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>       4,977,804
<OVERDISTRIBUTION-NII>                  0
<ACCUMULATED-NET-GAINS>        68,364,709
<OVERDISTRIBUTION-GAINS>                0
<ACCUM-APPREC-OR-DEPREC>      168,581,568
<NET-ASSETS>                  243,908,316
<DIVIDEND-INCOME>                 773,857
<INTEREST-INCOME>                 400,032
<OTHER-INCOME>                    131,100
<EXPENSES-NET>                    347,380
<NET-INVESTMENT-INCOME>           927,009
<REALIZED-GAINS-CURRENT>        8,251,141
<APPREC-INCREASE-CURRENT>      16,511,456
<NET-CHANGE-FROM-OPS>          25,689,606
<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>         24,936,196
<ACCUMULATED-NII-PRIOR>         4,804,205
<ACCUMULATED-GAINS-PRIOR>      60,113,568 
<OVERDISTRIB-NII-PRIOR>                 0
<OVERDIST-NET-GAINS-PRIOR>              0
<GROSS-ADVISORY-FEES>                   0
<INTEREST-EXPENSE>                102,008
<GROSS-EXPENSE>                   347,380
<AVERAGE-NET-ASSETS>                    0
<PER-SHARE-NAV-BEGIN>               58.13
<PER-SHARE-NII>                       .25
<PER-SHARE-GAIN-APPREC>              6.57
<PER-SHARE-DIVIDEND>                 (.20)
<PER-SHARE-DISTRIBUTIONS>               0
<RETURNS-OF-CAPITAL>                    0
<PER-SHARE-NAV-END>                 64.75
<EXPENSE-RATIO>                         0
<AVG-DEBT-OUTSTANDING>                  0
<AVG-DEBT-PER-SHARE>                    0