<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000795422
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIDELITY ADVISOR SERIES II
001 B000000 811-4707
001 C000000 6175635985
002 A000000 82 DEVONSHIRE STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C020600 FIDELITY ADVISOR STRATEGIC INCOME FUND
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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 MERILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001 34875
022 D000001 18842
022 A000002 SALMON BROTHERS, INC.
022 B000002 13-5365580
<PAGE> PAGE 2
022 C000002 20495
022 D000002 17557
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003 21232
022 D000003 11162
022 A000004 BEAR, STERNS & CO., INC.
022 B000004 13-3299429
022 C000004 13478
022 D000004 7460
022 A000005 DEUTSCH BANK
022 B000005 13-6124068
022 C000005 9255
022 D000005 9478
022 A000006 CREDIT SUISSE FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006 11136
022 D000006 7282
022 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000007 13-2741729
022 C000007 11646
022 D000007 6665
022 A000008 PAINEWEBBER INC.
022 B000008 13-2638166
022 C000008 11925
022 D000008 1172
022 A000009 MORGAN STANLEY AND CO INC.
022 B000009 13-2655998
022 C000009 8358
022 D000009 1940
022 A000010 MORGAN (J.P.) SECURITIES, INC.
022 B000010 13-3224016
022 C000010 6511
022 D000010 3057
023 C000000 2017792
023 D000000 1907481
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
<PAGE> PAGE 3
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 Y
077 Q020000 N
077 Q030000 N
078 000000 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
008 A000601 FIDELITY MANAGEMENT & RESEARCH COMPANY
008 B000601 A
008 C000601 801-7884
008 D010601 BOSTON
008 D020601 MA
008 D030601 02109
008 A000602 FIDELITY MANAGEMENT & RESEARCH (U.K.) INC.
008 B000602 S
008 C000602 801-28733
008 D010602 LONDON
008 D050602 ENGLAND
008 A000603 FIDELITY MANAGEMENT & RESEARCH(FAR EAST) INC.
008 B000603 S
008 C000603 801-28774
008 D010603 TOKYO
008 D050603 JAPAN
008 A000604 FIDELITY INTERNATIONAL INVESTMENT ADVISORS
008 B000604 S
008 C000604 801-0000
008 D010604 PEMBROKE
008 D050604 BERMUDA
008 A000605 FID. INT'L INVESTMENT ADVISORS (U.K.) LTD.
008 B000605 S
008 C000605 801-00000
<PAGE> PAGE 4
008 D010605 LONDON
008 D050605 ENGLAND
008 A000606 FIDELITY INVESTMENTS JAPAN LIMITED
008 B000606 S
008 C000606 801-00000
008 D010606 TOKYO
008 D050606 JAPAN
011 A000601 FIDELITY DISTRIBUTORS CORPORATION
011 B000601 8-8775
011 C010601 BOSTON
011 C020601 MA
011 C030601 02109
012 A000601 FIDELITY INVEST. INST'L OPERATIONS CO., INC.
012 B000601 84-00216
012 C010601 BOSTON
012 C020601 MA
012 C030601 02109
013 A000601 PRICEWATERHOUSECOOPERS LLP
013 B010601 BOSTON
013 B020601 MA
013 B030601 02109
014 A000601 FIDELITY BROKERAGE SERVICES, INC.
014 B000601 8-23292
014 A000602 FIDELITY DISTRIBUTORS CORPORATION
014 B000602 8-8775
014 A000603 FIDELITY BROKERAGE SERVICES
014 B000603 8-00000
014 A000604 NATIONAL FINANCIAL SERVICES CORPORATION
014 B000604 8-26740
015 A000601 BANK OF NEW YORK
015 B000601 C
015 C010601 NEW YORK
015 C020601 NY
015 C030601 10286
015 E010601 X
018 000600 Y
019 A000600 Y
019 B000600 228
019 C000600 FIDELITYZZ
024 000600 N
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 6265
028 A020600 752
028 A030600 0
<PAGE> PAGE 5
028 A040600 3146
028 B010600 13112
028 B020600 676
028 B030600 0
028 B040600 3500
028 C010600 13768
028 C020600 798
028 C030600 0
028 C040600 5861
028 D010600 35028
028 D020600 791
028 D030600 0
028 D040600 4872
028 E010600 35468
028 E020600 1032
028 E030600 0
028 E040600 5821
028 F010600 15486
028 F020600 1120
028 F030600 0
028 F040600 5970
028 G010600 119127
028 G020600 5169
028 G030600 0
028 G040600 29170
028 H000600 5706
029 000600 Y
030 A000600 220
030 B000600 4.75
030 C000600 0.00
031 A000600 77
031 B000600 0
032 000600 143
033 000600 0
034 000600 Y
035 000600 49
036 A000600 Y
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
<PAGE> PAGE 6
043 000600 493
044 000600 28
045 000600 Y
046 000600 N
047 000600 N
048 000600 0.000
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 Y
053 A000600 Y
053 B000600 Y
053 C000600 N
054 A000600 Y
054 B000600 Y
054 C000600 N
054 D000600 N
054 E000600 N
054 F000600 N
054 G000600 Y
054 H000600 Y
054 I000600 N
054 J000600 Y
054 K000600 N
054 L000600 N
054 M000600 Y
054 N000600 N
054 O000600 Y
055 A000600 N
<PAGE> PAGE 7
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 N
060 B000600 N
061 000600 2500
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 5.4
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 14.3
062 N000600 14.7
062 O000600 0.0
062 P000600 32.2
062 Q000600 24.4
062 R000600 9.0
063 A000600 0
063 B000600 8.6
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
<PAGE> PAGE 8
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 223807
071 B000600 134876
071 C000600 206447
071 D000600 65
072 A000600 6
072 B000600 8118
072 C000600 1004
072 D000600 0
072 E000600 0
072 F000600 647
072 G000600 0
072 H000600 0
072 I000600 226
072 J000600 21
072 K000600 0
072 L000600 0
072 M000600 0
072 N000600 94
072 O000600 0
072 P000600 0
072 Q000600 45
072 R000600 19
072 S000600 7
072 T000600 493
072 U000600 0
072 V000600 16
072 W000600 1
072 X000600 1569
072 Y000600 21
072 Z000600 7574
072AA000600 0
<PAGE> PAGE 9
072BB000600 907
072CC010600 0
072CC020600 1659
072DD010600 6352
072DD020600 200
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 15019
074 C000600 0
074 D000600 236183
074 E000600 20586
074 F000600 385
074 G000600 0
074 H000600 0
074 I000600 3907
074 J000600 1743
074 K000600 0
074 L000600 5818
074 M000600 4
074 N000600 283645
074 O000600 4761
074 P000600 135
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 1072
074 S000600 0
074 T000600 277677
074 U010600 24408
074 U020600 637
074 V010600 0.00
074 V020600 0.00
074 W000600 0.0000
074 X000600 11423
074 Y000600 0
075 A000600 0
075 B000600 221486
076 000600 0.00
080 A000600 AMERICAN INTERNATIONAL SPECIALTY LINES INS CO
080 B000600 FEDERAL INSURANCE COMPANY
080 C000600 220000
081 A000600 Y
081 B000600 227
082 A000600 N
082 B000600 0
083 A000600 N
<PAGE> PAGE 10
083 B000600 0
084 A000600 N
084 B000600 0
085 A000600 Y
085 B000600 N
SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795422
<NAME> Fidelity Advisor Series 2
<SERIES>
<NUMBER> 61
<NAME> Fidelity Advisor Strategic Income Fund Class
A
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
DEC-31-1998
<PERIOD-END>
JUN-30-1998
<INVESTMENTS-AT-COST>
275,893
<INVESTMENTS-AT-VALUE>
276,080
<RECEIVABLES>
7,560
<ASSETS-OTHER>
5
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
283,645
<PAYABLE-FOR-SECURITIES>
4,761
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,207
<TOTAL-LIABILITIES>
5,968
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
277,174
<SHARES-COMMON-STOCK>
722
<SHARES-COMMON-PRIOR>
305
<ACCUMULATED-NII-CURRENT>
1,593
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(1,263)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
173
<NET-ASSETS>
277,677
<DIVIDEND-INCOME>
1,004
<INTEREST-INCOME>
8,118
<OTHER-INCOME>
0
<EXPENSES-NET>
1,548
<NET-INVESTMENT-INCOME>
7,574
<REALIZED-GAINS-CURRENT>
(907)
<APPREC-INCREASE-CURRENT>
(1,659)
<NET-CHANGE-FROM-OPS>
5,008
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
156
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
478
<NUMBER-OF-SHARES-REDEEMED>
72
<SHARES-REINVESTED>
11
<NET-CHANGE-IN-ASSETS>
93,582
<ACCUMULATED-NII-PRIOR>
571
<ACCUMULATED-GAINS-PRIOR>
506
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
647
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,569
<AVERAGE-NET-ASSETS>
5,140
<PER-SHARE-NAV-BEGIN>
11.090
<PER-SHARE-NII>
.389
<PER-SHARE-GAIN-APPREC>
(.053)
<PER-SHARE-DIVIDEND>
.346
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.080
<EXPENSE-RATIO>
125
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795422
<NAME> Fidelity Advisor Series 2
<SERIES>
<NUMBER> 63
<NAME> Fidelity Advisor Strategic Income Fund Class
B
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
DEC-31-1998
<PERIOD-END>
JUN-30-1998
<INVESTMENTS-AT-COST>
275,893
<INVESTMENTS-AT-VALUE>
276,080
<RECEIVABLES>
7,560
<ASSETS-OTHER>
5
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
283,645
<PAYABLE-FOR-SECURITIES>
4,761
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,207
<TOTAL-LIABILITIES>
5,968
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
277,174
<SHARES-COMMON-STOCK>
6,687
<SHARES-COMMON-PRIOR>
4,914
<ACCUMULATED-NII-CURRENT>
1,593
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(1,263)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
173
<NET-ASSETS>
277,677
<DIVIDEND-INCOME>
1,004
<INTEREST-INCOME>
8,118
<OTHER-INCOME>
0
<EXPENSES-NET>
1,548
<NET-INVESTMENT-INCOME>
7,574
<REALIZED-GAINS-CURRENT>
(907)
<APPREC-INCREASE-CURRENT>
(1,659)
<NET-CHANGE-FROM-OPS>
5,008
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
1,771
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
2,131
<NUMBER-OF-SHARES-REDEEMED>
476
<SHARES-REINVESTED>
118
<NET-CHANGE-IN-ASSETS>
93,582
<ACCUMULATED-NII-PRIOR>
571
<ACCUMULATED-GAINS-PRIOR>
506
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
647
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,569
<AVERAGE-NET-ASSETS>
64,808
<PER-SHARE-NAV-BEGIN>
11.100
<PER-SHARE-NII>
.357
<PER-SHARE-GAIN-APPREC>
(.051)
<PER-SHARE-DIVIDEND>
.306
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.100
<EXPENSE-RATIO>
186
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795422
<NAME> Fidelity Advisor Series 2
<SERIES>
<NUMBER> 64
<NAME> Fidelity Advisor Strategic Income Fund Class
C
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
DEC-31-1998
<PERIOD-END>
JUN-30-1998
<INVESTMENTS-AT-COST>
275,893
<INVESTMENTS-AT-VALUE>
276,080
<RECEIVABLES>
7,560
<ASSETS-OTHER>
5
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
283,645
<PAYABLE-FOR-SECURITIES>
4,761
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,207
<TOTAL-LIABILITIES>
5,968
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
277,174
<SHARES-COMMON-STOCK>
669
<SHARES-COMMON-PRIOR>
60
<ACCUMULATED-NII-CURRENT>
1,593
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(1,263)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
173
<NET-ASSETS>
277,677
<DIVIDEND-INCOME>
1,004
<INTEREST-INCOME>
8,118
<OTHER-INCOME>
0
<EXPENSES-NET>
1,548
<NET-INVESTMENT-INCOME>
7,574
<REALIZED-GAINS-CURRENT>
(907)
<APPREC-INCREASE-CURRENT>
(1,659)
<NET-CHANGE-FROM-OPS>
5,008
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
109
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
684
<NUMBER-OF-SHARES-REDEEMED>
82
<SHARES-REINVESTED>
7
<NET-CHANGE-IN-ASSETS>
93,582
<ACCUMULATED-NII-PRIOR>
571
<ACCUMULATED-GAINS-PRIOR>
506
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
647
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,569
<AVERAGE-NET-ASSETS>
4,318
<PER-SHARE-NAV-BEGIN>
11.080
<PER-SHARE-NII>
.335
<PER-SHARE-GAIN-APPREC>
(.046)
<PER-SHARE-DIVIDEND>
.289
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.080
<EXPENSE-RATIO>
210
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795422
<NAME> Fidelity Advisor Series 2
<SERIES>
<NUMBER> 65
<NAME> Fidelity Advisor Strategic Income Fund Institutional
Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
DEC-31-1998
<PERIOD-END>
JUN-30-1998
<INVESTMENTS-AT-COST>
275,893
<INVESTMENTS-AT-VALUE>
276,080
<RECEIVABLES>
7,560
<ASSETS-OTHER>
5
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
283,645
<PAYABLE-FOR-SECURITIES>
4,761
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,207
<TOTAL-LIABILITIES>
5,968
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
277,174
<SHARES-COMMON-STOCK>
637
<SHARES-COMMON-PRIOR>
565
<ACCUMULATED-NII-CURRENT>
1,593
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(1,263)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
173
<NET-ASSETS>
277,677
<DIVIDEND-INCOME>
1,004
<INTEREST-INCOME>
8,118
<OTHER-INCOME>
0
<EXPENSES-NET>
1,548
<NET-INVESTMENT-INCOME>
7,574
<REALIZED-GAINS-CURRENT>
(907)
<APPREC-INCREASE-CURRENT>
(1,659)
<NET-CHANGE-FROM-OPS>
5,008
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
200
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
176
<NUMBER-OF-SHARES-REDEEMED>
119
<SHARES-REINVESTED>
16
<NET-CHANGE-IN-ASSETS>
93,582
<ACCUMULATED-NII-PRIOR>
571
<ACCUMULATED-GAINS-PRIOR>
506
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
647
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,569
<AVERAGE-NET-ASSETS>
6,450
<PER-SHARE-NAV-BEGIN>
11.140
<PER-SHARE-NII>
.403
<PER-SHARE-GAIN-APPREC>
(.053)
<PER-SHARE-DIVIDEND>
.350
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.140
<EXPENSE-RATIO>
110
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795422
<NAME> Fidelity Advisor Series 2
<SERIES>
<NUMBER> 62
<NAME> Fidelity Advisor Strategic Income Fund Class
T
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
DEC-31-1998
<PERIOD-END>
JUN-30-1998
<INVESTMENTS-AT-COST>
275,893
<INVESTMENTS-AT-VALUE>
276,080
<RECEIVABLES>
7,560
<ASSETS-OTHER>
5
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
283,645
<PAYABLE-FOR-SECURITIES>
4,761
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
1,207
<TOTAL-LIABILITIES>
5,968
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
277,174
<SHARES-COMMON-STOCK>
16,330
<SHARES-COMMON-PRIOR>
10,745
<ACCUMULATED-NII-CURRENT>
1,593
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(1,263)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
173
<NET-ASSETS>
277,677
<DIVIDEND-INCOME>
1,004
<INTEREST-INCOME>
8,118
<OTHER-INCOME>
0
<EXPENSES-NET>
1,548
<NET-INVESTMENT-INCOME>
7,574
<REALIZED-GAINS-CURRENT>
(907)
<APPREC-INCREASE-CURRENT>
(1,659)
<NET-CHANGE-FROM-OPS>
5,008
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
4,316
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
7,125
<NUMBER-OF-SHARES-REDEEMED>
1,847
<SHARES-REINVESTED>
307
<NET-CHANGE-IN-ASSETS>
93,582
<ACCUMULATED-NII-PRIOR>
571
<ACCUMULATED-GAINS-PRIOR>
506
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
647
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
1,569
<AVERAGE-NET-ASSETS>
140,769
<PER-SHARE-NAV-BEGIN>
11.090
<PER-SHARE-NII>
.392
<PER-SHARE-GAIN-APPREC>
(.060)
<PER-SHARE-DIVIDEND>
.342
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
11.080
<EXPENSE-RATIO>
120
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
