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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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SIGNATURE JOHN H. COSTELLO
TITLE ASSISTANT TREASURER
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<TABLE> <S> <C>
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<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
dec-31-1998
<PERIOD-END>
dec-31-1998
<INVESTMENTS-AT-COST>
290,833
<INVESTMENTS-AT-VALUE>
284,432
<RECEIVABLES>
7,428
<ASSETS-OTHER>
169
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
292,029
<PAYABLE-FOR-SECURITIES>
1,799
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
2,221
<TOTAL-LIABILITIES>
4,020
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
301,726
<SHARES-COMMON-STOCK>
437
<SHARES-COMMON-PRIOR>
565
<ACCUMULATED-NII-CURRENT>
794
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
(8,106)
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
(6,405)
<NET-ASSETS>
288,009
<DIVIDEND-INCOME>
1,902
<INTEREST-INCOME>
19,178
<OTHER-INCOME>
0
<EXPENSES-NET>
3,445
<NET-INVESTMENT-INCOME>
17,635
<REALIZED-GAINS-CURRENT>
(7,291)
<APPREC-INCREASE-CURRENT>
(8,238)
<NET-CHANGE-FROM-OPS>
2,106
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
400
<DISTRIBUTIONS-OF-GAINS>
26
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
422
<NUMBER-OF-SHARES-REDEEMED>
582
<SHARES-REINVESTED>
32
<NET-CHANGE-IN-ASSETS>
103,915
<ACCUMULATED-NII-PRIOR>
571
<ACCUMULATED-GAINS-PRIOR>
507
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
1,462
<INTEREST-EXPENSE>
3
<GROSS-EXPENSE>
3,456
<AVERAGE-NET-ASSETS>
6,003
<PER-SHARE-NAV-BEGIN>
11.140
<PER-SHARE-NII>
.805
<PER-SHARE-GAIN-APPREC>
(.533)
<PER-SHARE-DIVIDEND>
.742
<PER-SHARE-DISTRIBUTIONS>
.060
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
10.610
<EXPENSE-RATIO>
107
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
