<ARTICLE> 6

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-END>                                   JUN-30-2000
<INVESTMENTS-AT-COST>                          173,228,907
<INVESTMENTS-AT-VALUE>                         170,355,167
<RECEIVABLES>                                    3,513,409
<ASSETS-OTHER>                                       4,885
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                 173,873,461
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                                  0
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<SENIOR-EQUITY>                                  8,448,042
<PAID-IN-CAPITAL-COMMON>                        91,168,397
<SHARES-COMMON-STOCK>                            5,884,942
<SHARES-COMMON-PRIOR>                            6,107,669
<ACCUMULATED-NII-CURRENT>                                0
<OVERDISTRIBUTION-NII>                                   0
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<OVERDISTRIBUTION-GAINS>                                 0
<ACCUM-APPREC-OR-DEPREC>                        (2,873,740)
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<DIVIDEND-INCOME>                                  643,619
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<OTHER-INCOME>                                     244,231
<EXPENSES-NET>                                   2,124,712
<NET-INVESTMENT-INCOME>                            712,335
<REALIZED-GAINS-CURRENT>                         1,346,635
<APPREC-INCREASE-CURRENT>                       (1,773,152)
<NET-CHANGE-FROM-OPS>                              285,818
<EQUALIZATION>                                           0
<DISTRIBUTIONS-OF-INCOME>                                0
<DISTRIBUTIONS-OF-GAINS>                                 0
<DISTRIBUTIONS-OTHER>                                    0
<NUMBER-OF-SHARES-SOLD>                                  0
<NUMBER-OF-SHARES-REDEEMED>                        222,727
<SHARES-REINVESTED>                                      0
<NET-CHANGE-IN-ASSETS>                          (1,802,381)
<ACCUMULATED-NII-PRIOR>                                  0
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<GROSS-EXPENSE>                                  2,124,712
<AVERAGE-NET-ASSETS>                           100,517,630
<PER-SHARE-NAV-BEGIN>                                16.61
<PER-SHARE-NII>                                        .12
<PER-SHARE-GAIN-APPREC>                                .23
<PER-SHARE-DIVIDEND>                                     0
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<RETURNS-OF-CAPITAL>                                     0
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<EXPENSE-RATIO>                                       2.11