<PAGE> PAGE 1
000 A000000 03/31/95
000 C000000 0000774013
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ML MULTI-STATE MUNICIPAL SERIES TRUST
001 B000000 811-4375
001 C000000 6092827165
002 A000000 P.O. BOX 9066
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9066
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 19
007 C010100 1
007 C020100 MERRILL LYNCH NEW YORK MUNICIPAL BOND FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C020400 ML PENNSYLVANIA MUNICIPAL BOND FUND
007 C030400 N
007 C010500 5
007 C020500 MERRILL LYNCH NEW JERSEY MUNICIPAL BOND FUND
007 C030500 N
007 C010600 6
007 C020600 MERRILL LYNCH FLORIDA MUNICIPAL BOND FUND
007 C030600 N
007 C010700 7
007 C020700 MERRILL LYNCH TEXAS MUNICIPAL BOND FUND
007 C030700 N
007 C010800 8
007 C020800 MERRILL LYNCH ARIZONA MUNICIPAL BOND FUND
007 C030800 N
007 C010900 9
007 C020900 ML MASSACHUSETTS MUNICIPAL BOND FUND
007 C030900 N
007 C011000 10
007 C021000 MERRILL LYNCH OHIO MUNICIPAL BOND FUND
007 C031000 N
007 C011100 11
007 C021100 MERRILL LYNCH MINNESOTA MUNICIPAL BOND FUND
<PAGE> PAGE 2
007 C031100 N
007 C011200 12
007 C021200 MERRILL LYNCH NORTH CAROLINA MUNICIPAL BOND
007 C031200 N
007 C011300 13
007 C021300 MERRILL LYNCH MICHIGAN MUNICIPAL BOND FUND
007 C031300 N
007 C011400 14
007 C021400 MERRILL LYNCH OREGON MUNICIPAL BOND FUND
007 C031400 N
007 C011500 15
007 C021500 MERRILL LYNCH MARYLAND MUNICIPAL BOND FUND
007 C031500 N
007 C011600 16
007 C021600 MERRILL LYNCH COLORADO MUNICIPAL BOND FUND
007 C031600 N
007 C011700 17
007 C021700 MERRILL LYNCH NEW MEXICO MUNICIPAL BOND FUND
007 C031700 N
007 C011800 18
007 C021800 MERRILL LYNCH CONNECTICUT MUNICIPAL BOND FUND
007 C031800 N
007 C011900 19
007 C021900 MERRILL LYNCH ALABAMA MUNICIPAL BOND FUND
007 C031900 N
007 C012000 20
007 C022000 MERRILL LYNCH ARKANSAS MUNICIPAL BOND FUND
007 C032000 N
007 C012100 21
007 C022100 MERRILL LYNCH GEORGIA MUNICIPAL BOND FUND
007 C032100 N
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
020 A000001 LEHMAN BROTHERS INC.
020 B000001 13-2518466
020 C000001 74
020 A000002 PAINEWEBBER INCORPORATED
020 B000002 13-2638166
020 C000002 60
020 A000003 SMITH BARNEY INC.
020 B000003 13-1912900
020 C000003 15
020 C000004 0
020 C000005 0
<PAGE> PAGE 3
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 149
022 A000001 MORGAN (J.P.) SECURITIES INC.
022 B000001 13-3224016
022 C000001 130917
022 D000001 135767
022 A000002 PAINEWEBBER INCORPORATED
022 B000002 13-2638166
022 C000002 118568
022 D000002 126073
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003 85724
022 D000003 75247
022 A000004 CHEMICAL SECURITIES, INC.
022 B000004 13-3379014
022 C000004 83052
022 D000004 51872
022 A000005 CS FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005 58046
022 D000005 36606
022 A000006 ADVEST, INC.
022 B000006 06-0950348
022 C000006 42616
022 D000006 45812
022 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000007 13-2741729
022 C000007 40336
022 D000007 47781
022 A000008 SMITH BARNEY INC.
022 B000008 13-1912900
022 C000008 30014
022 D000008 36882
022 A000009 COWEN & COMPANY
022 B000009 13-5616116
022 C000009 18344
022 D000009 45828
022 A000010 BEAR, STEARNS & CO. INC.
022 B000010 13-3299429
022 C000010 32903
022 D000010 29484
023 C000000 862450
023 D000000 939849
026 A000000 N
026 B000000 Y
026 C000000 N
<PAGE> PAGE 4
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 Y
077 C000000 Y
078 000000 N
008 A000101 FUND ASSET MANAGEMENT, L.P.
008 B000101 A
008 C000101 801-12485
008 D010101 PRINCETON
008 D020101 NJ
008 D030101 08543
008 D040101 9011
011 A000101 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B000101 8-14663
011 C010101 PRINCETON
011 C020101 NJ
011 C030101 08543
011 C040101 9011
012 A000101 FINANCIAL DATA SERVICES, INC.
012 B000101 84-01339
012 C010101 JACKSONVILLE
012 C020101 FL
012 C030101 32246
012 C040101 6484
013 A000101 DELOITTE & TOUCHE LLP
013 B010101 PRINCETON
013 B020101 NJ
013 B030101 08540
014 A000101 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000101 8-7221
015 A000101 STATE STREET BANK & TRUST COMPANY
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02101
015 E010101 X
018 000100 Y
019 A000100 Y
019 B000100 180
019 C000100 MERRILLLYN
024 000100 N
028 A010100 2690
028 A020100 1324
028 A030100 0
028 A040100 16593
028 B010100 3404
<PAGE> PAGE 5
028 B020100 1239
028 B030100 0
028 B040100 17697
028 C010100 5002
028 C020100 0
028 C030100 0
028 C040100 17754
028 D010100 4558
028 D020100 2691
028 D030100 0
028 D040100 9748
028 E010100 4139
028 E020100 1249
028 E030100 0
028 E040100 9454
028 F010100 4089
028 F020100 1481
028 F030100 0
028 F040100 9863
028 G010100 23882
028 G020100 7984
028 G030100 0
028 G040100 81109
028 H000100 1791
029 000100 Y
030 A000100 10
030 B000100 4.00
030 C000100 0.00
031 A000100 1
031 B000100 0
032 000100 0
033 000100 9
034 000100 Y
035 000100 504
036 A000100 N
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 1500
044 000100 0
<PAGE> PAGE 6
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 500000
048 A020100 0.550
048 B010100 500000
048 B020100 0.525
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1000000
048 K020100 0.500
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
<PAGE> PAGE 7
060 A000100 Y
060 B000100 Y
061 000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 6.8
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 86.7
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 18.3
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
<PAGE> PAGE 8
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 519141
071 B000100 622909
071 C000100 572345
071 D000100 91
072 A000100 6
072 B000100 20527
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 1702
072 G000100 51
072 H000100 0
072 I000100 184
072 J000100 20
072 K000100 0
072 L000100 67
072 M000100 16
072 N000100 42
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 19
072 S000100 18
072 T000100 1500
072 U000100 0
072 V000100 0
072 W000100 15
072 X000100 3634
072 Y000100 0
072 Z000100 16893
072AA000100 12745
072BB000100 32198
072CC010100 22225
072CC020100 0
072DD010100 742
072DD020100 16151
<PAGE> PAGE 9
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 6160
074 B000100 0
074 C000100 42685
074 D000100 543717
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 47006
074 K000100 0
074 L000100 11175
074 M000100 110
074 N000100 650853
074 O000100 20219
074 P000100 583
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2880
074 S000100 0
074 T000100 627171
074 U010100 2251
074 U020100 55009
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 17751
074 Y000100 0
075 A000100 0
075 B000100 626672
076 000100 0.00
SIGNATURE GERALD M. RICHARD
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774013
<NAME> MERRILL LYNCH MULTI-STATE MUNICIPAL SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> MERRILL LYNCH NEW YORK MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 563870889
<INVESTMENTS-AT-VALUE> 586401998
<RECEIVABLES> 58181014
<ASSETS-OTHER> 6270128
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650853140
<PAYABLE-FOR-SECURITIES> 20219425
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3462880
<TOTAL-LIABILITIES> 23682305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 637686641
<SHARES-COMMON-STOCK> 2133809
<SHARES-COMMON-PRIOR> 2602140
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19452957)
<OVERDISTRIBUTION-GAINS> 13593958
<ACCUM-APPREC-OR-DEPREC> 22531109
<NET-ASSETS> 23368106
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20527216
<OTHER-INCOME> 0
<EXPENSES-NET> 3634686
<NET-INVESTMENT-INCOME> 16892530
<REALIZED-GAINS-CURRENT> (19452957)
<APPREC-INCREASE-CURRENT> 22224980
<NET-CHANGE-FROM-OPS> 19664553
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 720294
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 177986
<NUMBER-OF-SHARES-REDEEMED> 686472
<SHARES-REINVESTED> 40155
<NET-CHANGE-IN-ASSETS> (46470630)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 13593958
<GROSS-ADVISORY-FEES> 1702369
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3634686
<AVERAGE-NET-ASSETS> 24493180
<PER-SHARE-NAV-BEGIN> 10.88
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> .07
<PER-SHARE-DIVIDEND> .31
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.95
<EXPENSE-RATIO> .67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774013
<NAME> MERRILL LYNCH MULTI-STATE MUNICIPAL SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> MERRILL LYNCH NEW YORK MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> OCT-01-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 563870889
<INVESTMENTS-AT-VALUE> 586401998
<RECEIVABLES> 58181014
<ASSETS-OTHER> 6270128
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650853140
<PAYABLE-FOR-SECURITIES> 20219425
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3462880
<TOTAL-LIABILITIES> 23682305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 637686641
<SHARES-COMMON-STOCK> 54885347
<SHARES-COMMON-PRIOR> 59326415
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19452957)
<OVERDISTRIBUTION-GAINS> 13593958
<ACCUM-APPREC-OR-DEPREC> 22531109
<NET-ASSETS> 601161956
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20527216
<OTHER-INCOME> 0
<EXPENSES-NET> 3634686
<NET-INVESTMENT-INCOME> 16892530
<REALIZED-GAINS-CURRENT> (19452957)
<APPREC-INCREASE-CURRENT> 22224980
<NET-CHANGE-FROM-OPS> 19664553
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16134553
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1788949
<NUMBER-OF-SHARES-REDEEMED> 6941115
<SHARES-REINVESTED> 711098
<NET-CHANGE-IN-ASSETS> (46470630)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 13593958
<GROSS-ADVISORY-FEES> 1702369
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3634686
<AVERAGE-NET-ASSETS> 600635965
<PER-SHARE-NAV-BEGIN> 10.88
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> .07
<PER-SHARE-DIVIDEND> .29
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.95
<EXPENSE-RATIO> 1.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774013
<NAME> MERRILL LYNCH MULTI-STATE MUNICIPAL SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> MERRILL LYNCH NEW YORK MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> OCT-21-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 563870889
<INVESTMENTS-AT-VALUE> 586401998
<RECEIVABLES> 58181014
<ASSETS-OTHER> 6270128
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650853140
<PAYABLE-FOR-SECURITIES> 20219425
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3462880
<TOTAL-LIABILITIES> 23682305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 637686641
<SHARES-COMMON-STOCK> 124039
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19452957)
<OVERDISTRIBUTION-GAINS> 13593958
<ACCUM-APPREC-OR-DEPREC> 22531109
<NET-ASSETS> 1358871
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20527216
<OTHER-INCOME> 0
<EXPENSES-NET> 3634686
<NET-INVESTMENT-INCOME> 16892530
<REALIZED-GAINS-CURRENT> (19452957)
<APPREC-INCREASE-CURRENT> 22224980
<NET-CHANGE-FROM-OPS> 19664553
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16339
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 128387
<NUMBER-OF-SHARES-REDEEMED> 5242
<SHARES-REINVESTED> 894
<NET-CHANGE-IN-ASSETS> (46470630)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 13593958
<GROSS-ADVISORY-FEES> 1702369
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3634686
<AVERAGE-NET-ASSETS> 705202
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> .20
<PER-SHARE-DIVIDEND> .25
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.96
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774013
<NAME> MERRILL LYNCH MULTI-STATE MUNICIPAL SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> MERRILL LYNCH NEW YORK MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> OCT-21-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 563870889
<INVESTMENTS-AT-VALUE> 586401998
<RECEIVABLES> 58181014
<ASSETS-OTHER> 6270128
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650853140
<PAYABLE-FOR-SECURITIES> 20219425
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3462880
<TOTAL-LIABILITIES> 23682305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 637686641
<SHARES-COMMON-STOCK> 117116
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19452957)
<OVERDISTRIBUTION-GAINS> 13593958
<ACCUM-APPREC-OR-DEPREC> 22531109
<NET-ASSETS> 1281902
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20527216
<OTHER-INCOME> 0
<EXPENSES-NET> 3634686
<NET-INVESTMENT-INCOME> 16892530
<REALIZED-GAINS-CURRENT> (19452957)
<APPREC-INCREASE-CURRENT> 22224980
<NET-CHANGE-FROM-OPS> 19664553
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 21344
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 157554
<NUMBER-OF-SHARES-REDEEMED> 41321
<SHARES-REINVESTED> 883
<NET-CHANGE-IN-ASSETS> (46470630)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 13593958
<GROSS-ADVISORY-FEES> 1702369
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3634686
<AVERAGE-NET-ASSETS> 837473
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> .19
<PER-SHARE-DIVIDEND> .27
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.95
<EXPENSE-RATIO> .78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
