<PAGE> 1
THIS IS A BOWNE TEST
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM EQUITY
INCOME FUND, FIRST EXCHANGE SERIES - AT&T SHARES AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 352,907,421
<INVESTMENTS-AT-VALUE> 1,383,650,856
<RECEIVABLES> 3,467,159
<ASSETS-OTHER> 2,788,517
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,389,926,532
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,925,121
<TOTAL-LIABILITIES> 3,925,121
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 352,788,958
<SHARES-COMMON-STOCK> 16,857,700
<SHARES-COMMON-PRIOR> 17,701,835
<ACCUMULATED-NII-CURRENT> 2,369,018
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 268,205,085
<NET-ASSETS> 1,386,001,411
<DIVIDEND-INCOME> 33,728,537
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 425,572
<NET-INVESTMENT-INCOME> 33,302,965
<REALIZED-GAINS-CURRENT> 35,105,100
<APPREC-INCREASE-CURRENT> 268,205,085
<NET-CHANGE-FROM-OPS> 336,613,150
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 35,938,236
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 559,274
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 247,774,935
<ACCUMULATED-NII-PRIOR> 5,122,149
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.000
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 0.000
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
