<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000205926
<NAME> STATE FARM MUNICIPAL BOND FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-2000
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 344365638
<INVESTMENTS-AT-VALUE> 339517905
<RECEIVABLES> 5979317
<ASSETS-OTHER> 17707
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 345514929
<PAYABLE-FOR-SECURITIES> 5903364
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3499364
<TOTAL-LIABILITIES> 9402728
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 341038554
<SHARES-COMMON-STOCK> 42222068
<SHARES-COMMON-PRIOR> 44171716
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (78620)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4847733)
<NET-ASSETS> 336112201
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9511456
<OTHER-INCOME> 0
<EXPENSES-NET> 258953
<NET-INVESTMENT-INCOME> 9252503
<REALIZED-GAINS-CURRENT> (37244)
<APPREC-INCREASE-CURRENT> (6818026)
<NET-CHANGE-FROM-OPS> 2397233
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9252503)<F1>
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1523680
<NUMBER-OF-SHARES-REDEEMED> 4337702
<SHARES-REINVESTED> 864374
<NET-CHANGE-IN-ASSETS> (22441496)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (41376)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 210730
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 258953
<AVERAGE-NET-ASSETS> 346366636
<PER-SHARE-NAV-BEGIN> 8.12
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> (.16)
<PER-SHARE-DIVIDEND> (.21)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.96
<EXPENSE-RATIO> .15
<FN>
<F1>Per share of $.21
</FN>
</TABLE>
