FIRST AUSTRALIA PRIME INCOME FUND INC
NSAR-B, EX-27, 2000-12-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>











<ARTICLE> 6
<CIK> 0000790500
<NAME> THE FIRST AUSTRALIA PRIME INCOME FUND, INC.

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                       Oct-31-2000
<PERIOD-END>                            Oct-31-2000
<INVESTMENTS-AT-COST>                    2,243,667,824
<INVESTMENTS-AT-VALUE>                   1,837,863,888
<RECEIVABLES>                               62,686,732
<ASSETS-OTHER>                               3,717,938
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,904,268,558
<PAYABLE-FOR-SECURITIES>                     3,213,469
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   21,706,939
<TOTAL-LIABILITIES>                         24,920,408
<SENIOR-EQUITY>                            600,000,000
<PAID-IN-CAPITAL-COMMON>                 1,986,887,353
<SHARES-COMMON-STOCK>                      267,377,298
<SHARES-COMMON-PRIOR>                      267,377,298
<ACCUMULATED-NII-CURRENT>                     (844,740)
<OVERDISTRIBUTION-NII>                     (14,485,128)
<ACCUMULATED-NET-GAINS>                   (641,150,413)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (51,058,922)
<NET-ASSETS>                             1,279,348,150
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                          181,811,904
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              20,792,932
<NET-INVESTMENT-INCOME>                    161,018,972
<REALIZED-GAINS-CURRENT>                  (259,281,194)
<APPREC-INCREASE-CURRENT>                  (82,969,078)
<NET-CHANGE-FROM-OPS>                     (181,231,300)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (137,779,489)
<DISTRIBUTIONS-OF-GAINS>                    (1,231,344)
<DISTRIBUTIONS-OTHER>                      (57,774,458)
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (378,016,591)
<ACCUMULATED-NII-PRIOR>                    (43,582,499)
<ACCUMULATED-GAINS-PRIOR>                    7,715,063
<OVERDISTRIB-NII-PRIOR>                   (471,539,709)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       11,262,870
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             20,792,932
<AVERAGE-NET-ASSETS>                     1,530,638,000
<PER-SHARE-NAV-BEGIN>                             6.20
<PER-SHARE-NII>                                   0.60
<PER-SHARE-GAIN-APPREC>                          (1.28)
<PER-SHARE-DIVIDEND>                             (0.51)
<PER-SHARE-DISTRIBUTIONS>                        (0.23)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               4.78
<EXPENSE-RATIO>                                   1.36
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                              0.00



</TABLE>


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