<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>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 251,795,817
<INVESTMENTS-AT-VALUE> 1,918,228,790
<RECEIVABLES> 1,644,876
<ASSETS-OTHER> 3,217,567
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,923,091,233
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,051,381
<TOTAL-LIABILITIES> 3,051,381
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,918,776,175
<SHARES-COMMON-STOCK> 12,248,961
<SHARES-COMMON-PRIOR> 13,016,125
<ACCUMULATED-NII-CURRENT> 1,263,677
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (172,444,561)
<NET-ASSETS> 1,920,039,852
<DIVIDEND-INCOME> 8,897,126
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 70,281
<NET-INVESTMENT-INCOME> 8,967,407
<REALIZED-GAINS-CURRENT> 42,314,598
<APPREC-INCREASE-CURRENT> (172,444,561)
<NET-CHANGE-FROM-OPS> (121,162,556)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,951,906
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 63,302,028
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 289,312
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (240,197,321)
<ACCUMULATED-NII-PRIOR> 1,330,254
<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>
