WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000021832
<NAME> TRUST1
<SERIES>
<NUMBER> 2
<NAME> COLONIAL INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 140066
<INVESTMENTS-AT-VALUE> 131325
<RECEIVABLES> 10544
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS>142837
<PAYABLE-FOR-SECURITIES>10021
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 872
<TOTAL-LIABILITIES>10893
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 148472
<SHARES-COMMON-STOCK> 5829
<SHARES-COMMON-PRIOR>6611
<ACCUMULATED-NII-CURRENT> (7363)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS>0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9165)
<NET-ASSETS> 131944
<DIVIDEND-INCOME>235
<INTEREST-INCOME> 5632
<OTHER-INCOME> 0
<EXPENSES-NET> 941
<NET-INVESTMENT-INCOME>4926
<REALIZED-GAINS-CURRENT> (3376)
<APPREC-INCREASE-CURRENT> 692
<NET-CHANGE-FROM-OPS> 2242
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1298)
<DISTRIBUTIONS-OF-GAINS> (0)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD>480
<NUMBER-OF-SHARES-REDEEMED> (1384)
<SHARES-REINVESTED>122
<NET-CHANGE-IN-ASSETS> (13329)
<ACCUMULATED-NII-PRIOR> (3593)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR>0
<GROSS-ADVISORY-FEES> 342
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 941
<AVERAGE-NET-ASSETS> 136756
<PER-SHARE-NAV-BEGIN> 5.98
<PER-SHARE-NII> 0.009
<PER-SHARE-GAIN-APPREC> 1.351
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.500)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.84
<EXPENSE-RATIO> 1.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>