STRATTON MONTHLY DIVIDEND REIT SHARES INC
NSAR-A, EX-27, 2000-08-22
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 00000301137
<NAME> STRATTON FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> STRATTON MONTHLY DIVIDEND REIT SHARES, INC.
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                       65,964,419
<INVESTMENTS-AT-VALUE>                      58,940,296
<RECEIVABLES>                                3,564,724
<ASSETS-OTHER>                                   1,520
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              62,506,540
<PAYABLE-FOR-SECURITIES>                     1,118,389
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       84,231
<TOTAL-LIABILITIES>                          1,202,620
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    84,853,741
<SHARES-COMMON-STOCK>                        2,699,921
<SHARES-COMMON-PRIOR>                        2,792,429
<ACCUMULATED-NII-CURRENT>                    (119,933)
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<ACCUMULATED-NET-GAINS>                   (16,405,765)
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<ACCUM-APPREC-OR-DEPREC>                   (7,024,123)
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 349,386
<NET-INVESTMENT-INCOME>                      2,529,108
<REALIZED-GAINS-CURRENT>                     (721,089)
<APPREC-INCREASE-CURRENT>                    4,934,563
<NET-CHANGE-FROM-OPS>                        6,742,582
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,649,041
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                        500,943
<NUMBER-OF-SHARES-REDEEMED>                    671,741
<SHARES-REINVESTED>                             78,290
<NET-CHANGE-IN-ASSETS>                       1,890,842
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (15,684,676)
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<GROSS-ADVISORY-FEES>                          178,024
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<PER-SHARE-NAV-END>                              22.71
<EXPENSE-RATIO>                                   1.18



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