PACIFIC AMERICAN INCOME SHARES INC
NSAR-B, 2000-02-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  9
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SIGNATURE   MARIE K. KARPINSKI
TITLE       ASSISTANT TREASURER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000075398
<NAME> PACIFIC AMERICAN INCOME SHARES
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                           137772
<INVESTMENTS-AT-VALUE>                          134082
<RECEIVABLES>                                     2545
<ASSETS-OTHER>                                     763
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  137390
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          905
<TOTAL-LIABILITIES>                                905
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        142679
<SHARES-COMMON-STOCK>                             9389
<SHARES-COMMON-PRIOR>                             9389
<ACCUMULATED-NII-CURRENT>                           85
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (2589)
<ACCUM-APPREC-OR-DEPREC>                        (3690)
<NET-ASSETS>                                    136485
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                10987
<OTHER-INCOME>                                      26
<EXPENSES-NET>                                    1074
<NET-INVESTMENT-INCOME>                           9939
<REALIZED-GAINS-CURRENT>                        (2054)
<APPREC-INCREASE-CURRENT>                       (7316)
<NET-CHANGE-FROM-OPS>                              569
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (9859)
<DISTRIBUTIONS-OF-GAINS>                         (328)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          (9618)
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<PER-SHARE-NII>                                   1.06
<PER-SHARE-GAIN-APPREC>                          (.99)
<PER-SHARE-DIVIDEND>                            (1.05)
<PER-SHARE-DISTRIBUTIONS>                        (.04)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.54
<EXPENSE-RATIO>                                    .76


</TABLE>


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