Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Realized and unrealized gain (loss) on investments--Note B
Realized gain (loss) on investments	$ (275,084)	$ 1,819,841
Unrealized loss on investments	(892,060)	(993,088)
Net realized and unrealized gain (loss) on investments	(1,167,144)	826,753
Other Loss	(880)	0
TOTAL INVESTMENT INCOME (LOSS)	1,168,024	826,753
Operating expenses--Note D
Management and incentive fees	195,849	229,023
Administrative fees	72,191	88,784
Managed account fees	276,704	591,455
Trailing commissions	42,790	74,718
Miscellaneous operating expenses	43,069	53,301
TOTAL OPERATING EXPENSES	630,603	1,037,281
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS	$ (1,798,627)	$ (210,528)