PRIME RATE INCOME & DIVIDEND ENTERPRISES INC
10-Q, EX-27, 2000-11-20
REAL ESTATE INVESTMENT TRUSTS
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<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
This schedule contains summary fiancial information extracted from the
balance sheet and statement of operations found on pages 3 and 4 of the
Company's Form 10-QSB for the fiscal year ended Sept. 30, 2000, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-2001
<PERIOD-END>                               SEP-30-2000
<CASH>                                         276,913
<SECURITIES>                                   780,164
<RECEIVABLES>                                1,080,261
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,632,156
<PP&E>                                         555,231
<DEPRECIATION>                                  14,917
<TOTAL-ASSETS>                               3,055,609
<CURRENT-LIABILITIES>                          418,482
<BONDS>                                              0
                                0
                                          0
<COMMON>                                     1,304,984
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 3,055,609
<SALES>                                              0
<TOTAL-REVENUES>                                40,136
<CGS>                                                0
<TOTAL-COSTS>                                   34,574
<OTHER-EXPENSES>                                 6,583
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               5,117
<INCOME-PRETAX>                                  5,562
<INCOME-TAX>                                     1,059
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,503
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0





</TABLE>


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