WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-annual
financial statements dated June 30, 2000 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 34,417,597
<INVESTMENTS-AT-VALUE> 29,613,873
<RECEIVABLES> 859,096
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,472,969
<PAYABLE-FOR-SECURITIES> 72,524
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 226,619
<TOTAL-LIABILITIES> 299,143
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,218,328
<SHARES-COMMON-STOCK> 3,240,512
<SHARES-COMMON-PRIOR> 3,306,062
<ACCUMULATED-NII-CURRENT> 528,312
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (822,766)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,750,048)
<NET-ASSETS> 30,173,826
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,578,723
<OTHER-INCOME> (21,809)
<EXPENSES-NET> 339,012
<NET-INVESTMENT-INCOME> 1,217,902
<REALIZED-GAINS-CURRENT> (513,331)
<APPREC-INCREASE-CURRENT> (874,368)
<NET-CHANGE-FROM-OPS> (169,797)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 291,998
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 434,714
<NUMBER-OF-SHARES-REDEEMED> (575,926)
<SHARES-REINVESTED> 26,972
<NET-CHANGE-IN-ASSETS> (1,060,038)
<ACCUMULATED-NII-PRIOR> 552,809
<ACCUMULATED-GAINS-PRIOR> (605,887)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 152,668
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 339,012
<AVERAGE-NET-ASSETS> 30,700,848
<PER-SHARE-NAV-BEGIN> 9.45
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> (.42)
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.31
<EXPENSE-RATIO> 2.22
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
