<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Chesapeake
Investors, Inc. Annual Report 2000 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 13,791,958
<INVESTMENTS-AT-VALUE> 14,406,276
<RECEIVABLES> 250,711
<ASSETS-OTHER> 725,794
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,382,781
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,745
<TOTAL-LIABILITIES> 17,745
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 3,783,960
<SHARES-COMMON-PRIOR> 3,783,960
<ACCUMULATED-NII-CURRENT> 807,494
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 25,254
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 614,318
<NET-ASSETS> 15,365,036
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 874,239
<OTHER-INCOME> 0
<EXPENSES-NET> 112,600
<NET-INVESTMENT-INCOME> 761,639
<REALIZED-GAINS-CURRENT> 25,254
<APPREC-INCREASE-CURRENT> (54,064)
<NET-CHANGE-FROM-OPS> 732,829
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 751,224
<DISTRIBUTIONS-OF-GAINS> 62,316
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (80,711)
<ACCUMULATED-NII-PRIOR> 797,079
<ACCUMULATED-GAINS-PRIOR> 62,316
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51,834
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 112,600
<AVERAGE-NET-ASSETS> 15,358,215
<PER-SHARE-NAV-BEGIN> 4.08
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .22
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.06
<EXPENSE-RATIO> .73
</TABLE>
