<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNAUDITED
SEMI-ANNUAL FINANCIAL STATEMENTS OF RAND CAPITAL CORPORATION AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 6,926
<INVESTMENTS-AT-VALUE> 8,003
<RECEIVABLES> 101
<ASSETS-OTHER> 576
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,680
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39
<TOTAL-LIABILITIES> 39
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,480
<SHARES-COMMON-STOCK> 5,723
<SHARES-COMMON-PRIOR> 5,708
<ACCUMULATED-NII-CURRENT> (2,180)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,597
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 744
<NET-ASSETS> 8,641
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 124
<OTHER-INCOME> 0
<EXPENSES-NET> 348
<NET-INVESTMENT-INCOME> (224)
<REALIZED-GAINS-CURRENT> (100)
<APPREC-INCREASE-CURRENT> 1,340
<NET-CHANGE-FROM-OPS> 1,016
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15
<ACCUMULATED-NII-PRIOR> (1,956)
<ACCUMULATED-GAINS-PRIOR> 2,697
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 348
<AVERAGE-NET-ASSETS> 8,172
<PER-SHARE-NAV-BEGIN> 1.33
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> (.22)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.51
<EXPENSE-RATIO> 4
</TABLE>
