<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000075398
<NAME> PACIFIC AMERICAN INCOME SHARES
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 139411
<INVESTMENTS-AT-VALUE> 134586
<RECEIVABLES> 2307
<ASSETS-OTHER> 9665
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 146558
<PAYABLE-FOR-SECURITIES> 1999
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9727
<TOTAL-LIABILITIES> 11726
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 142679
<SHARES-COMMON-STOCK> 9389
<SHARES-COMMON-PRIOR> 9389
<ACCUMULATED-NII-CURRENT> 324
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3346)
<ACCUM-APPREC-OR-DEPREC> (4825)
<NET-ASSETS> 134832
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5656
<OTHER-INCOME> 0
<EXPENSES-NET> 534
<NET-INVESTMENT-INCOME> 5122
<REALIZED-GAINS-CURRENT> (757)
<APPREC-INCREASE-CURRENT> (1135)
<NET-CHANGE-FROM-OPS> 3230
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4883)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1653)
<ACCUMULATED-NII-PRIOR> 85
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2589)
<GROSS-ADVISORY-FEES> 360
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 546
<AVERAGE-NET-ASSETS> 134835
<PER-SHARE-NAV-BEGIN> 14.54
<PER-SHARE-NII> .55
<PER-SHARE-GAIN-APPREC> (.21)
<PER-SHARE-DIVIDEND> (.52)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.36
<EXPENSE-RATIO> .80
</TABLE>
