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)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (16,405,765)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (7,024,123)
<NET-ASSETS> 61,303,920
<DIVIDEND-INCOME> 2,799,739
<INTEREST-INCOME> 78,755
<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
<DISTRIBUTIONS-OTHER> 0
<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)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 178,024
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 349,386
<AVERAGE-NET-ASSETS> 59,202,192
<PER-SHARE-NAV-BEGIN> 21.28
<PER-SHARE-NII> 0.916
<PER-SHARE-GAIN-APPREC> 1.474
<PER-SHARE-DIVIDEND> 0.960
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 22.71
<EXPENSE-RATIO> 1.18
</TABLE>