<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 435468
<INVESTMENTS-AT-VALUE> 431321
<RECEIVABLES> 3885
<ASSETS-OTHER> 410
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 435616
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 109137
<TOTAL-LIABILITIES> 109137
<SENIOR-EQUITY> 46000
<PAID-IN-CAPITAL-COMMON> 281941
<SHARES-COMMON-STOCK> 29628
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2174
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 512
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4148)
<NET-ASSETS> 326479
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 28566
<OTHER-INCOME> 277
<EXPENSES-NET> 6795
<NET-INVESTMENT-INCOME> 22048
<REALIZED-GAINS-CURRENT> 512
<APPREC-INCREASE-CURRENT> (4147)
<NET-CHANGE-FROM-OPS> 18413
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19442
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29600
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 18
<NET-CHANGE-IN-ASSETS> 326379
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2401
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8066
<AVERAGE-NET-ASSETS> 289243
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
</TABLE>
