<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AT&T- FIRST
EXCHANGE SERIES IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 255,807,739
<INVESTMENTS-AT-VALUE> 2,094,685,273
<RECEIVABLES> 66,475,028
<ASSETS-OTHER> 2,624,099
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,163,784,400
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,547,227
<TOTAL-LIABILITIES> 3,547,227
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,158,906,919
<SHARES-COMMON-STOCK> 12,538,273
<SHARES-COMMON-PRIOR> 13,016,125
<ACCUMULATED-NII-CURRENT> 1,330,254
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (403,029,677)
<NET-ASSETS> 2,160,237,173
<DIVIDEND-INCOME> 10,465,851
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (207,993)
<NET-INVESTMENT-INCOME> 10,257,858
<REALIZED-GAINS-CURRENT> 106,073,149
<APPREC-INCREASE-CURRENT> (403,029,677)
<NET-CHANGE-FROM-OPS> (286,698,670)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9,718,702
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 261,400
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (344,611,173)
<ACCUMULATED-NII-PRIOR> 1,128,610
<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
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
</TABLE>