PRIME RATE INCOME & DIVIDEND ENTERPRISES INC
10KSB, EX-27, 2000-10-16
REAL ESTATE INVESTMENT TRUSTS
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<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
This schedule contains summary information extracted from the balance
sheets and statements of operations found on pages F-1 - F-15 of the
Company's Form 10-KSB for the year to date, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                         414,390
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,846,252
<PP&E>                                         551,422
<DEPRECIATION>                                  11,714
<TOTAL-ASSETS>                               3,314,466
<CURRENT-LIABILITIES>                          497,195
<BONDS>                                              0
                                0
                                          0
<COMMON>                                     1,304,984
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 3,314,466
<SALES>                                              0
<TOTAL-REVENUES>                             1,201,448
<CGS>                                                0
<TOTAL-COSTS>                                  176,567
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              11,100
<INCOME-PRETAX>                              1,024,881
<INCOME-TAX>                                   117,951
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   639,245
<EPS-BASIC>                                        .51
<EPS-DILUTED>                                      .51



</TABLE>


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