<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Fechtor,
Detwiler, Mitchell & Co.'s Form 10-Q and is qualified in its entirety by
reference to such Form 10-Q filing.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 1,432,135
<INVESTMENTS-AT-VALUE> 607,135
<RECEIVABLES> 6,784,339
<ASSETS-OTHER> 5,151,126
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,773,265
<PAYABLE-FOR-SECURITIES> 7,813,123
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,478,316
<TOTAL-LIABILITIES> 10,291,439
<SENIOR-EQUITY> 103,883
<PAID-IN-CAPITAL-COMMON> 4,597,927
<SHARES-COMMON-STOCK> 10,388,251
<SHARES-COMMON-PRIOR> 11,388,251
<ACCUMULATED-NII-CURRENT> 151,423
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 6,481,826
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 205,918
<OTHER-INCOME> 111,386
<EXPENSES-NET> 4,270,133
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (853,178)
<ACCUMULATED-NII-PRIOR> 7,335,004
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 37,191
<GROSS-EXPENSE> 4,270,133
<AVERAGE-NET-ASSETS> 7,667,856
<PER-SHARE-NAV-BEGIN> .67
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> .62
<EXPENSE-RATIO> 0
</TABLE>
