BGT SUBSIDIARY INC
NSAR-A, EX-27, 2000-08-25
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<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
BGT SUBSIDIARY INC.
SEMI-ANNUAL FDS 6-30-00
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                      653,926,646
<INVESTMENTS-AT-VALUE>                     642,012,857
<RECEIVABLES>                                5,578,783
<ASSETS-OTHER>                               7,615,327
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             655,206,967
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                    130,574,125
<OTHER-ITEMS-LIABILITIES>                   15,596,366
<TOTAL-LIABILITIES>                        146,170,491
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   516,845,146
<SHARES-COMMON-STOCK>                       57,510,639
<SHARES-COMMON-PRIOR>                       57,510,639
<ACCUMULATED-NII-CURRENT>                    8,554,659
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,141,001)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (12,222,328)
<NET-ASSETS>                               509,036,476
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,039,930
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,152,391
<NET-INVESTMENT-INCOME>                     12,887,539
<REALIZED-GAINS-CURRENT>                   (8,977,239)
<APPREC-INCREASE-CURRENT>                    2,821,791
<NET-CHANGE-FROM-OPS>                        6,732,091
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (20,538,082)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (13,805,991)
<ACCUMULATED-NII-PRIOR>                     16,205,202
<ACCUMULATED-GAINS-PRIOR>                    4,836,238
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,431,970
<INTEREST-EXPENSE>                           4,224,483
<GROSS-EXPENSE>                              6,376,874
<AVERAGE-NET-ASSETS>                       520,716,269
<PER-SHARE-NAV-BEGIN>                             9.09
<PER-SHARE-NII>                                   0.25
<PER-SHARE-GAIN-APPREC>                         (0.13)
<PER-SHARE-DIVIDEND>                            (0.36)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.85
<EXPENSE-RATIO>                                 (0.66)


</TABLE>


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