STATE STREET RESEARCH TAX EXEMPT TRUST
NSAR-B, 2000-02-29
Previous: LIBERTY STEIN ROE FUNDS INCOME TRUST, NSAR-A, 2000-02-29
Next: UNIVERSAL CABLE HOLDINGS INC, 8-K, 2000-02-29



<PAGE>      PAGE  1
000 B000000 12/31/99
000 C000000 0000787978
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 STATE STREET RESEARCH TAX-EXEMPT TRUST
001 B000000 811-4558
001 C000000 6173571200
002 A000000  ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2690
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 STATE STREET RESEARCH TAX-EXEMPT FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C020300 STATE STREET RESEARCH NEW YORK TAX-FREE FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 STATE STREET RESEARCH & MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-18538
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02111
008 D04AA01 2690
011 A00AA01 SATE STREET RESEARCH INVESTMENT SERVICES INC
011 B00AA01 8-26468
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02111
011 C04AA01 2690
012 A00AA01 STATE STREET RESEARCH SERVICE CENTER
<PAGE>      PAGE  2
012 B00AA01 85-26468
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02111
012 C04AA01 2690
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 STATE STREET RESEARCH INVESTMENT SERVICES INC
014 B00AA01 8-35442
014 A00AA02 METROPOLITAN LIFE INSURANCE COMPANY
014 B00AA02 8-14901
014 A00AA03 DELETE
014 A00AA04 DELETE
014 A00AA05 DELETE
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   23
019 C00AA00 STATESTRES
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 MERRILL LYNCH PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001     70730
022 D000001         0
022 A000002 STATE STREET BANK & TRUST CO.
022 B000002 04-1867445
022 C000002     14624
022 D000002         0
022 A000003 SALOMON SMITH BARNEY INC.
022 B000003 11-2418191
022 C000003       783
022 D000003         0
022 C000004         0
022 D000004         0
<PAGE>      PAGE  3
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000      86137
023 D000000          0
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     2500
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
<PAGE>      PAGE  4
070 E01AA00 Y
070 E02AA00 Y
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 Y
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00    25000
081 A00AA00 Y
<PAGE>      PAGE  5
081 B00AA00  32
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 N
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100      1640
028 A020100       735
028 A030100         0
028 A040100      5121
028 B010100      2833
028 B020100       730
028 B030100         0
028 B040100      5068
028 C010100      2293
028 C020100       729
028 C030100         0
028 C040100      5123
028 D010100      1556
028 D020100       710
028 D030100         0
028 D040100      9183
028 E010100      2041
028 E020100       699
028 E030100         0
028 E040100      6460
028 F010100      2011
028 F020100       739
028 F030100         0
028 F040100      6157
028 G010100     12374
028 G020100      4342
028 G030100         0
028 G040100     37112
028 H000100     13456
029  000100 Y
<PAGE>      PAGE  6
030 A000100    725
030 B000100  4.50
030 C000100  0.00
031 A000100    102
031 B000100      0
032  000100    291
033  000100    332
034  000100 Y
035  000100    109
036 A000100 N
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   1
042 B000100   0
042 C000100   0
042 D000100  78
042 E000100   1
042 F000100   0
042 G000100  20
042 H000100   0
043  000100   1138
044  000100    582
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.550
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
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        0
<PAGE>      PAGE  7
048 K020100 0.000
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 Y
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
056  000100 N
057  000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
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 100.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100 18.6
071 A000100     67652
071 B000100     98852
071 C000100    275063
071 D000100   25
072 A000100 12
072 B000100    15752
<PAGE>      PAGE  8
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     1498
072 G000100        0
072 H000100        0
072 I000100      596
072 J000100      149
072 K000100        0
072 L000100       55
072 M000100       16
072 N000100       73
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       14
072 S000100       35
072 T000100     1138
072 U000100        0
072 V000100        0
072 W000100       10
072 X000100     3584
072 Y000100        0
072 Z000100    12168
072AA000100        0
072BB000100     2873
072CC010100        0
072CC020100    21519
072DD010100    12317
072DD020100        0
072EE000100      148
073 A010100   0.4100
073 A020100   0.3300
073 B000100   0.0000
073 C000100   0.0000
074 A000100      128
074 B000100        0
074 C000100     1100
074 D000100   237674
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        5
074 K000100        0
074 L000100     4759
074 M000100       19
074 N000100   243685
074 O000100     1050
074 P000100      320
<PAGE>      PAGE  9
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      562
074 S000100        0
074 T000100   241753
074 U010100    31023
074 U020100        0
074 V010100     7.79
074 V020100     7.77
074 W000100   0.0000
074 X000100    10014
074 Y000100        0
075 A000100        0
075 B000100   272383
076  000100     0.00
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056  000200 N
057  000200 N
028 A010300       956
028 A020300       184
028 A030300         0
028 A040300      1307
028 B010300       667
028 B020300       198
028 B030300         0
028 B040300       573
028 C010300       309
028 C020300       187
028 C030300         0
028 C040300       751
028 D010300       455
028 D020300       189
028 D030300         0
028 D040300       982
028 E010300       355
028 E020300       177
028 E030300         0
028 E040300      1170
028 F010300       856
028 F020300       189
028 F030300         0
028 F040300      1499
028 G010300      3598
<PAGE>      PAGE  10
028 G020300      1124
028 G030300         0
028 G040300      6282
028 H000300      2826
029  000300 Y
030 A000300    150
030 B000300  4.50
030 C000300  0.00
031 A000300     20
031 B000300      0
032  000300     64
033  000300     66
034  000300 Y
035  000300     37
036 A000300 N
036 B000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
042 A000300   1
042 B000300   0
042 C000300   0
042 D000300  94
042 E000300   3
042 F000300   0
042 G000300   2
042 H000300   0
043  000300    255
044  000300    457
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.55
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
<PAGE>      PAGE  11
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 N
054 M000300 Y
054 N000300 N
054 O000300 N
055 A000300 N
055 B000300 N
056  000300 N
057  000300 N
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300 100.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300 15.6
071 A000300     29653
<PAGE>      PAGE  12
071 B000300     32678
071 C000300     68927
071 D000300   43
072 A000300 12
072 B000300     3888
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300      379
072 G000300        0
072 H000300        0
072 I000300      136
072 J000300      101
072 K000300        0
072 L000300       10
072 M000300       19
072 N000300       11
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       21
072 S000300       25
072 T000300      255
072 U000300        0
072 V000300        0
072 W000300        3
072 X000300      960
072 Y000300      119
072 Z000300     3047
072AA000300        0
072BB000300     1387
072CC010300        0
072CC020300     5121
072DD010300     3008
072DD020300        0
072EE000300      267
073 A010300   0.4200
073 A020300   0.3400
073 B000300   0.0300
073 C000300   0.0000
074 A000300       41
074 B000300        0
074 C000300      400
074 D000300    63087
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300     2021
074 K000300       22
<PAGE>      PAGE  13
074 L000300     1149
074 M000300        9
074 N000300    66729
074 O000300     2084
074 P000300      112
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      311
074 S000300        0
074 T000300    64222
074 U010300     8316
074 U020300        0
074 V010300     7.73
074 V020300     7.72
074 W000300   0.0000
074 X000300     2990
074 Y000300        0
075 A000300        0
075 B000300    68939
076  000300     0.00
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056  000400 N
057  000400 N
SIGNATURE   DOUGLAS R. ROMICH
TITLE       ASSISTANT TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 021
   <NAME> STATE STREET RESEARCH NEW YORK TAX FREE FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                       62,971,594
<INVESTMENTS-AT-VALUE>                      63,486,959
<RECEIVABLES>                                3,192,201
<ASSETS-OTHER>                                  49,704
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              66,728,864
<PAYABLE-FOR-SECURITIES>                     2,083,640
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      422,889
<TOTAL-LIABILITIES>                          2,506,529
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,096,241
<SHARES-COMMON-STOCK>                        2,611,174
<SHARES-COMMON-PRIOR>                        2,562,679
<ACCUMULATED-NII-CURRENT>                       47,470
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (1,436,741)
<ACCUM-APPREC-OR-DEPREC>                       515,365
<NET-ASSETS>                                64,222,335
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,888,018
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 841,249
<NET-INVESTMENT-INCOME>                      3,046,769
<REALIZED-GAINS-CURRENT>                   (1,386,549)
<APPREC-INCREASE-CURRENT>                  (5,120,673)
<NET-CHANGE-FROM-OPS>                      (3,460,453)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (954,320)
<DISTRIBUTIONS-OF-GAINS>                      (81,525)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        520,708
<NUMBER-OF-SHARES-REDEEMED>                  (570,126)
<SHARES-REINVESTED>                             97,913
<NET-CHANGE-IN-ASSETS>                     (7,508,579)
<ACCUMULATED-NII-PRIOR>                          7,643
<ACCUMULATED-GAINS-PRIOR>                      215,917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          379,165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                964,744
<AVERAGE-NET-ASSETS>                        68,939,091
<PER-SHARE-NAV-BEGIN>                             8.52
<PER-SHARE-NII>                                   0.40
<PER-SHARE-GAIN-APPREC>                         (0.77)
<PER-SHARE-DIVIDEND>                            (0.40)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.72
<EXPENSE-RATIO>                                   1.11
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 022
   <NAME> STATE STREET RESEARCH NEW YORK TAX FREE FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                       62,971,594
<INVESTMENTS-AT-VALUE>                      63,486,959
<RECEIVABLES>                                3,192,201
<ASSETS-OTHER>                                  49,704
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              66,728,864
<PAYABLE-FOR-SECURITIES>                     2,083,640
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      422,889
<TOTAL-LIABILITIES>                          2,506,529
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,096,241
<SHARES-COMMON-STOCK>                        1,937,627
<SHARES-COMMON-PRIOR>                        2,262,594
<ACCUMULATED-NII-CURRENT>                       47,470
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (1,436,741)
<ACCUM-APPREC-OR-DEPREC>                       515,365
<NET-ASSETS>                                64,222,335
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,888,018
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 841,249
<NET-INVESTMENT-INCOME>                      3,046,769
<REALIZED-GAINS-CURRENT>                   (1,386,549)
<APPREC-INCREASE-CURRENT>                  (5,120,673)
<NET-CHANGE-FROM-OPS>                      (3,460,453)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (638,590)
<DISTRIBUTIONS-OF-GAINS>                      (68,596)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         68,160
<NUMBER-OF-SHARES-REDEEMED>                  (460,551)
<SHARES-REINVESTED>                             67,424
<NET-CHANGE-IN-ASSETS>                     (7,508,579)
<ACCUMULATED-NII-PRIOR>                          7,643
<ACCUMULATED-GAINS-PRIOR>                      215,917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          379,165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                964,744
<AVERAGE-NET-ASSETS>                        68,939,091
<PER-SHARE-NAV-BEGIN>                             8.52
<PER-SHARE-NII>                                   0.34
<PER-SHARE-GAIN-APPREC>                         (0.77)
<PER-SHARE-DIVIDEND>                            (0.34)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.72
<EXPENSE-RATIO>                                   1.86
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH NEW YORK TAX FREE FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                       62,971,594
<INVESTMENTS-AT-VALUE>                      63,486,959
<RECEIVABLES>                                3,192,201
<ASSETS-OTHER>                                  49,704
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              66,728,864
<PAYABLE-FOR-SECURITIES>                     2,083,640
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      422,889
<TOTAL-LIABILITIES>                          2,506,529
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,096,241
<SHARES-COMMON-STOCK>                        3,180,202
<SHARES-COMMON-PRIOR>                        3,459,975
<ACCUMULATED-NII-CURRENT>                       47,470
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (1,436,741)
<ACCUM-APPREC-OR-DEPREC>                       515,365
<NET-ASSETS>                                64,222,335
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,888,018
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 841,249
<NET-INVESTMENT-INCOME>                      3,046,769
<REALIZED-GAINS-CURRENT>                   (1,386,549)
<APPREC-INCREASE-CURRENT>                  (5,120,673)
<NET-CHANGE-FROM-OPS>                      (3,460,453)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,299,386)
<DISTRIBUTIONS-OF-GAINS>                     (108,103)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         40,975
<NUMBER-OF-SHARES-REDEEMED>                  (448,885)
<SHARES-REINVESTED>                            128,137
<NET-CHANGE-IN-ASSETS>                     (7,508,579)
<ACCUMULATED-NII-PRIOR>                          7,643
<ACCUMULATED-GAINS-PRIOR>                      215,917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          379,165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                964,744
<AVERAGE-NET-ASSETS>                        68,939,091
<PER-SHARE-NAV-BEGIN>                             8.53
<PER-SHARE-NII>                                   0.42
<PER-SHARE-GAIN-APPREC>                         (0.77)
<PER-SHARE-DIVIDEND>                            (0.42)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.73
<EXPENSE-RATIO>                                   0.86
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 024
   <NAME> STATE STREET RESEARCH NEW YORK TAX FREE FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                       62,971,594
<INVESTMENTS-AT-VALUE>                      63,486,959
<RECEIVABLES>                                3,192,201
<ASSETS-OTHER>                                  49,704
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              66,728,864
<PAYABLE-FOR-SECURITIES>                     2,083,640
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      422,889
<TOTAL-LIABILITIES>                          2,506,529
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,096,241
<SHARES-COMMON-STOCK>                           94,640
<SHARES-COMMON-PRIOR>                          131,635
<ACCUMULATED-NII-CURRENT>                       47,470
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (1,436,741)
<ACCUM-APPREC-OR-DEPREC>                       515,365
<NET-ASSETS>                                64,222,335
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,888,018
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 841,249
<NET-INVESTMENT-INCOME>                      3,046,769
<REALIZED-GAINS-CURRENT>                   (1,386,549)
<APPREC-INCREASE-CURRENT>                  (5,120,673)
<NET-CHANGE-FROM-OPS>                      (3,460,453)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (32,711)
<DISTRIBUTIONS-OF-GAINS>                       (4,565)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         30,640
<NUMBER-OF-SHARES-REDEEMED>                   (68,855)
<SHARES-REINVESTED>                              1,220
<NET-CHANGE-IN-ASSETS>                     (7,508,579)
<ACCUMULATED-NII-PRIOR>                          7,643
<ACCUMULATED-GAINS-PRIOR>                      215,917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          379,165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                964,744
<AVERAGE-NET-ASSETS>                        68,939,091
<PER-SHARE-NAV-BEGIN>                             8.52
<PER-SHARE-NII>                                   0.35
<PER-SHARE-GAIN-APPREC>                         (0.77)
<PER-SHARE-DIVIDEND>                            (0.34)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.73
<EXPENSE-RATIO>                                   1.86
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 025
   <NAME> STATE STREET RESEARCH NEW YORK TAX FREE FUND CLASS B1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                       62,971,594
<INVESTMENTS-AT-VALUE>                      63,486,959
<RECEIVABLES>                                3,192,201
<ASSETS-OTHER>                                  49,704
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              66,728,864
<PAYABLE-FOR-SECURITIES>                     2,083,640
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      422,889
<TOTAL-LIABILITIES>                          2,506,529
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    65,096,241
<SHARES-COMMON-STOCK>                          492,004
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       47,470
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (1,436,741)
<ACCUM-APPREC-OR-DEPREC>                       515,365
<NET-ASSETS>                                64,222,335
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,888,018
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 841,249
<NET-INVESTMENT-INCOME>                      3,046,769
<REALIZED-GAINS-CURRENT>                   (1,386,549)
<APPREC-INCREASE-CURRENT>                  (5,120,673)
<NET-CHANGE-FROM-OPS>                      (3,460,453)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (83,476)
<DISTRIBUTIONS-OF-GAINS>                       (3,858)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        491,240
<NUMBER-OF-SHARES-REDEEMED>                    (6,295)
<SHARES-REINVESTED>                              7,059
<NET-CHANGE-IN-ASSETS>                     (7,508,579)
<ACCUMULATED-NII-PRIOR>                          7,643
<ACCUMULATED-GAINS-PRIOR>                      215,917
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          379,165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                964,744
<AVERAGE-NET-ASSETS>                        68,939,091
<PER-SHARE-NAV-BEGIN>                             8.52
<PER-SHARE-NII>                                   0.34
<PER-SHARE-GAIN-APPREC>                         (0.77)
<PER-SHARE-DIVIDEND>                            (0.34)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.72
<EXPENSE-RATIO>                                   1.86
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 011
   <NAME> STATE STREET RESEARCH TAX-EXEMPT FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                      236,574,106
<INVESTMENTS-AT-VALUE>                     238,773,651
<RECEIVABLES>                                4,764,059
<ASSETS-OTHER>                                 147,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             243,684,948
<PAYABLE-FOR-SECURITIES>                     1,049,565
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      882,329
<TOTAL-LIABILITIES>                          1,931,894
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   242,718,351
<SHARES-COMMON-STOCK>                       22,357,729
<SHARES-COMMON-PRIOR>                       24,085,262
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (3,164,842)
<ACCUM-APPREC-OR-DEPREC>                     2,199,545
<NET-ASSETS>                               241,753,054
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,752,209
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,584,580
<NET-INVESTMENT-INCOME>                     12,167,629
<REALIZED-GAINS-CURRENT>                   (2,872,611)
<APPREC-INCREASE-CURRENT>                 (21,518,684)
<NET-CHANGE-FROM-OPS>                     (12,223,666)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (9,253,146)
<DISTRIBUTIONS-OF-GAINS>                     (107,548)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,784,790
<NUMBER-OF-SHARES-REDEEMED>                (5,352,945)
<SHARES-REINVESTED>                            840,622
<NET-CHANGE-IN-ASSETS>                    (42,159,111)
<ACCUMULATED-NII-PRIOR>                        137,940
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (146,169)
<GROSS-ADVISORY-FEES>                        1,498,106
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,600,543
<AVERAGE-NET-ASSETS>                       272,382,909
<PER-SHARE-NAV-BEGIN>                             8.54
<PER-SHARE-NII>                                   0.39
<PER-SHARE-GAIN-APPREC>                         (0.75)
<PER-SHARE-DIVIDEND>                            (0.39)
<PER-SHARE-DISTRIBUTIONS>                       (0.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.79
<EXPENSE-RATIO>                                   1.15
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 012
   <NAME> STATE STREET RESEARCH TAX-EXEMPT FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                      236,574,106
<INVESTMENTS-AT-VALUE>                     238,773,651
<RECEIVABLES>                                4,764,059
<ASSETS-OTHER>                                 147,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             243,684,948
<PAYABLE-FOR-SECURITIES>                     1,049,565
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      882,329
<TOTAL-LIABILITIES>                          1,931,894
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   242,718,351
<SHARES-COMMON-STOCK>                        6,288,880
<SHARES-COMMON-PRIOR>                        7,427,938
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (3,164,842)
<ACCUM-APPREC-OR-DEPREC>                     2,199,545
<NET-ASSETS>                               241,753,054
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,752,209
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,584,580
<NET-INVESTMENT-INCOME>                     12,167,629
<REALIZED-GAINS-CURRENT>                   (2,872,611)
<APPREC-INCREASE-CURRENT>                 (21,518,684)
<NET-CHANGE-FROM-OPS>                     (12,223,666)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,240,643)
<DISTRIBUTIONS-OF-GAINS>                      (31,516)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        318,951
<NUMBER-OF-SHARES-REDEEMED>                (1,664,723)
<SHARES-REINVESTED>                            206,714
<NET-CHANGE-IN-ASSETS>                    (42,159,111)
<ACCUMULATED-NII-PRIOR>                        137,940
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (146,169)
<GROSS-ADVISORY-FEES>                        1,498,106
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,600,543
<AVERAGE-NET-ASSETS>                       272,382,909
<PER-SHARE-NAV-BEGIN>                             8.54
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.74)
<PER-SHARE-DIVIDEND>                            (0.33)
<PER-SHARE-DISTRIBUTIONS>                       (0.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.79
<EXPENSE-RATIO>                                   1.90
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH TAX-EXEMPT FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                      236,574,106
<INVESTMENTS-AT-VALUE>                     238,773,651
<RECEIVABLES>                                4,764,059
<ASSETS-OTHER>                                 147,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             243,684,948
<PAYABLE-FOR-SECURITIES>                     1,049,565
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      882,329
<TOTAL-LIABILITIES>                          1,931,894
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   242,718,351
<SHARES-COMMON-STOCK>                        1,160,460
<SHARES-COMMON-PRIOR>                        1,256,960
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (3,164,842)
<ACCUM-APPREC-OR-DEPREC>                     2,199,545
<NET-ASSETS>                               241,753,054
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,752,209
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,584,580
<NET-INVESTMENT-INCOME>                     12,167,629
<REALIZED-GAINS-CURRENT>                   (2,872,611)
<APPREC-INCREASE-CURRENT>                 (21,518,684)
<NET-CHANGE-FROM-OPS>                     (12,223,666)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (521,744)
<DISTRIBUTIONS-OF-GAINS>                       (5,672)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        555,027
<NUMBER-OF-SHARES-REDEEMED>                  (682,119)
<SHARES-REINVESTED>                             30,592
<NET-CHANGE-IN-ASSETS>                    (42,159,111)
<ACCUMULATED-NII-PRIOR>                        137,940
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (146,169)
<GROSS-ADVISORY-FEES>                        1,498,106
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,600,543
<AVERAGE-NET-ASSETS>                       272,382,909
<PER-SHARE-NAV-BEGIN>                             8.52
<PER-SHARE-NII>                                   0.40
<PER-SHARE-GAIN-APPREC>                         (0.74)
<PER-SHARE-DIVIDEND>                            (0.41)
<PER-SHARE-DISTRIBUTIONS>                       (0.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.77
<EXPENSE-RATIO>                                   0.90
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 015
   <NAME> STATE STREET RESEARCH TAX-EXEMPT FUND CLASS B1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                      236,574,106
<INVESTMENTS-AT-VALUE>                     238,773,651
<RECEIVABLES>                                4,764,059
<ASSETS-OTHER>                                 147,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             243,684,948
<PAYABLE-FOR-SECURITIES>                     1,049,565
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      882,329
<TOTAL-LIABILITIES>                          1,931,894
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   242,718,351
<SHARES-COMMON-STOCK>                          953,803
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (3,164,842)
<ACCUM-APPREC-OR-DEPREC>                     2,199,545
<NET-ASSETS>                               241,753,054
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,752,209
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,584,580
<NET-INVESTMENT-INCOME>                     12,167,629
<REALIZED-GAINS-CURRENT>                   (2,872,611)
<APPREC-INCREASE-CURRENT>                 (21,518,684)
<NET-CHANGE-FROM-OPS>                     (12,223,666)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (192,041)
<DISTRIBUTIONS-OF-GAINS>                       (1,482)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,082,836
<NUMBER-OF-SHARES-REDEEMED>                  (144,435)
<SHARES-REINVESTED>                             15,402
<NET-CHANGE-IN-ASSETS>                    (42,159,111)
<ACCUMULATED-NII-PRIOR>                        137,940
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (146,169)
<GROSS-ADVISORY-FEES>                        1,498,106
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,600,543
<AVERAGE-NET-ASSETS>                       272,382,909
<PER-SHARE-NAV-BEGIN>                             8.54
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.74)
<PER-SHARE-DIVIDEND>                            (0.33)
<PER-SHARE-DISTRIBUTIONS>                       (0.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.79
<EXPENSE-RATIO>                                   1.90
[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> 0000787978
<NAME> STATE STREET RESEARCH TAX-EXEMPT TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH TAX-EXEMPT FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                      236,574,106
<INVESTMENTS-AT-VALUE>                     238,773,651
<RECEIVABLES>                                4,764,059
<ASSETS-OTHER>                                 147,238
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             243,684,948
<PAYABLE-FOR-SECURITIES>                     1,049,565
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      882,329
<TOTAL-LIABILITIES>                          1,931,894
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   242,718,351
<SHARES-COMMON-STOCK>                          262,624
<SHARES-COMMON-PRIOR>                          466,312
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (3,164,842)
<ACCUM-APPREC-OR-DEPREC>                     2,199,545
<NET-ASSETS>                               241,753,054
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,752,209
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,584,580
<NET-INVESTMENT-INCOME>                     12,167,629
<REALIZED-GAINS-CURRENT>                   (2,872,611)
<APPREC-INCREASE-CURRENT>                 (21,518,684)
<NET-CHANGE-FROM-OPS>                     (12,223,666)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (109,322)
<DISTRIBUTIONS-OF-GAINS>                       (1,853)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         95,110
<NUMBER-OF-SHARES-REDEEMED>                  (306,854)
<SHARES-REINVESTED>                              8,056
<NET-CHANGE-IN-ASSETS>                    (42,159,111)
<ACCUMULATED-NII-PRIOR>                        137,940
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                   (146,169)
<GROSS-ADVISORY-FEES>                        1,498,106
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,600,543
<AVERAGE-NET-ASSETS>                       272,382,909
<PER-SHARE-NAV-BEGIN>                             8.54
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.74)
<PER-SHARE-DIVIDEND>                            (0.33)
<PER-SHARE-DISTRIBUTIONS>                       (0.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.79
<EXPENSE-RATIO>                                   1.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission