<PAGE> PAGE 1
000 A000000 04/30/99
000 C000000 0000797073
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 DREYFUS DEBT AND EQUITY FUNDS
001 B000000 811-4748
001 C000000 2129226774
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 DREYFUS CORE BOND FUND
007 C030100 N
007 C010200 2
007 C020200 DREYFUS HIGH YIELD SECURITIES FUND
007 C030200 N
007 C010300 3
007 C020300 DREYFUS EQUITY INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 DREYFUS SHORT TERM HIGH YIELD FUND
007 C030400 N
007 C010500 5
007 C020500 DREYFUS PREMIER REAL ESTATE MORTGAGE FUND
007 C030500 N
007 C010600 6
007 C020600 DREYFUS PREMIER HIGH YIELD DEBT PLUS EQ. FUND
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 AUTRANET, INC.
020 B000001 13-2961507
020 C000001 2
020 A000002 DEUTSCHE BANK SECURITIES CORPORATION
020 B000002 13-2730828
020 C000002 2
020 A000003 CIBC OPPENHEIMER
<PAGE> PAGE 2
020 B000003 13-5942430
020 C000003 0
020 A000004 BEAR, STEARNS & CO. INC.
020 B000004 13-3299429
020 C000004 0
020 A000005 DUNLEVY & CO., INC.
020 B000005 13-2919975
020 C000005 0
020 A000006 UTENDAHL CAPITAL PARTNERS, L.P.
020 B000006 13-3663000
020 C000006 0
020 A000007 FIRST ALBANY CORPORATION
020 B000007 14-1391446
020 C000007 0
020 A000008 LEHMAN BROTHERS INC.
020 B000008 13-2518466
020 C000008 0
020 A000009 CS FIRST BOSTON CORPORATION
020 B000009 13-5659485
020 C000009 0
020 A000010 GOLDMAN, SACHS & CO.
020 B000010 13-5108880
020 C000010 0
021 000000 7
022 A000001 HSBC JAMES CAPEL SECURITIES, INC.
022 B000001 13-2650272
022 C000001 1018737
022 D000001 0
022 A000002 CHASE SECURITIES, INC.
022 B000002 13-3112953
022 C000002 765478
022 D000002 0
022 A000003 REPUBLIC NATIONAL BANK OF NEW YORK
022 B000003 13-2774727
022 C000003 455427
022 D000003 0
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000004 13-5674085
022 C000004 257694
022 D000004 21046
022 A000005 CS FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005 64038
022 D000005 40188
022 A000006 LEHMAN BROTHERS INC.
022 B000006 13-2518466
022 C000006 44621
022 D000006 56366
022 A000007 GOLDMAN, SACHS & CO.
022 B000007 13-5108880
022 C000007 43690
<PAGE> PAGE 3
022 D000007 50828
022 A000008 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000008 13-2741729
022 C000008 53047
022 D000008 34288
022 A000009 AUTRANET, INC.
022 B000009 13-2961507
022 C000009 20791
022 D000009 48451
022 A000010 SALOMON SMITH BARNEY
022 B000010 13-1912900
022 C000010 31680
022 D000010 31323
023 C000000 2975385
023 D000000 448005
077 A000000 N
018 000100 Y
019 A000100 Y
019 B000100 163
019 C000100 DREYFUSFAM
024 000100 Y
025 A000101 BEAR, STEARNS & CO. INC.
025 B000101 13-3299429
025 C000101 D
025 D000101 436
025 A000102 CHASE SECURITIES, INC.
025 B000102 13-3112953
025 C000102 D
025 D000102 131
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 4804
028 A020100 1131
028 A030100 0
028 A040100 6583
028 B010100 5039
028 B020100 1159
028 B030100 0
028 B040100 7925
028 C010100 5078
028 C020100 1118
028 C030100 0
028 C040100 11288
028 D010100 2896
028 D020100 1124
028 D030100 0
028 D040100 5234
<PAGE> PAGE 4
028 E010100 5082
028 E020100 1175
028 E030100 0
028 E040100 4819
028 F010100 3850
028 F020100 1109
028 F030100 0
028 F040100 7208
028 G010100 26749
028 G020100 6816
028 G030100 0
028 G040100 43057
028 H000100 0
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 Y
054 H000100 N
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 Y
055 A000100 Y
055 B000100 Y
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2500
062 A000100 Y
062 B000100 0.1
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 24.6
<PAGE> PAGE 5
062 O000100 0.0
062 P000100 77.5
062 Q000100 8.1
062 R000100 0.0
063 A000100 0
063 B000100 13.2
064 A000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 383447
071 B000100 348821
071 C000100 283827
071 D000100 123
072 A000100 6
072 B000100 9326
072 C000100 1462
072 D000100 0
<PAGE> PAGE 6
072 E000100 0
072 F000100 834
072 G000100 0
072 H000100 0
072 I000100 500
072 J000100 16
072 K000100 0
072 L000100 20
072 M000100 10
072 N000100 14
072 O000100 0
072 P000100 90
072 Q000100 0
072 R000100 19
072 S000100 33
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 5
072 X000100 1541
072 Y000100 0
072 Z000100 9247
072AA000100 6504
072BB000100 10606
072CC010100 6026
072CC020100 0
072DD010100 9306
072DD020100 0
072EE000100 0
073 A010100 0.4827
073 A020100 0.0000
073 B000100 0.0900
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 348
074 D000100 281541
074 E000100 20823
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 1475
074 J000100 6667
074 K000100 0
074 L000100 3316
074 M000100 43
074 N000100 314213
074 O000100 15875
074 P000100 183
074 Q000100 18650
074 R010100 0
<PAGE> PAGE 7
074 R020100 0
074 R030100 0
074 R040100 35796
074 S000100 0
074 T000100 243709
074 U010100 19026
074 U020100 0
074 V010100 14.49
074 V020100 0.00
074 W000100 0.0000
074 X000100 0
074 Y000100 348
075 A000100 0
075 B000100 280250
076 000100 0.00
018 000200 Y
019 A000200 Y
019 B000200 163
019 C000200 DREYFUSFAM
024 000200 Y
025 A000201 CHASE SECURITIES, INC.
025 B000201 13-3112953
025 C000201 D
025 D000201 109
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 24591
028 A020200 0
028 A030200 0
028 A040200 7142
028 B010200 6964
028 B020200 4559
028 B030200 0
028 B040200 14910
028 C010200 8918
028 C020200 0
028 C030200 0
028 C040200 10295
028 D010200 4396
028 D020200 3666
028 D030200 0
028 D040200 4146
028 E010200 11450
028 E020200 0
028 E030200 0
028 E040200 3981
<PAGE> PAGE 8
028 F010200 12013
028 F020200 0
028 F030200 0
028 F040200 5977
028 G010200 68332
028 G020200 8225
028 G030200 0
028 G040200 46451
028 H000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 Y
038 000200 72
039 000200 N
040 000200 N
041 000200 N
054 A000200 Y
054 B000200 Y
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 Y
054 H000200 N
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 Y
054 M000200 Y
054 N000200 N
054 O000200 Y
055 A000200 Y
055 B000200 Y
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 2500
062 A000200 Y
062 B000200 0.0
062 C000200 5.7
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
<PAGE> PAGE 9
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 64.0
062 Q000200 0.0
062 R000200 28.9
063 A000200 0
063 B000200 5.4
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 53056
071 B000200 42955
071 C000200 146989
<PAGE> PAGE 10
071 D000200 29
072 A000200 6
072 B000200 9607
072 C000200 2144
072 D000200 0
072 E000200 0
072 F000200 480
072 G000200 0
072 H000200 0
072 I000200 240
072 J000200 9
072 K000200 0
072 L000200 14
072 M000200 6
072 N000200 28
072 O000200 1
072 P000200 70
072 Q000200 0
072 R000200 17
072 S000200 13
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 5
072 X000200 883
072 Y000200 0
072 Z000200 10868
072AA000200 11366
072BB000200 20138
072CC010200 24848
072CC020200 0
072DD010200 11950
072DD020200 0
072EE000200 0
073 A010200 0.9050
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 234
074 B000200 0
074 C000200 9970
074 D000200 112314
074 E000200 43222
074 F000200 7451
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 1438
074 K000200 0
074 L000200 4291
074 M000200 32
<PAGE> PAGE 11
074 N000200 178952
074 O000200 2798
074 P000200 105
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 652
074 S000200 0
074 T000200 175397
074 U010200 14440
074 U020200 0
074 V010200 12.15
074 V020200 0.00
074 W000200 0.0000
074 X000200 3758
074 Y000200 0
075 A000200 0
075 B000200 148894
076 000200 0.00
018 000300 Y
019 A000300 Y
019 B000300 163
019 C000300 DREYFUSFAM
024 000300 Y
025 A000301 CHASE SECURITIES, INC.
025 B000301 13-3112953
025 C000301 E
025 D000301 132
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 9
028 A020300 0
028 A030300 0
028 A040300 47
028 B010300 168
028 B020300 403
028 B030300 0
028 B040300 30
028 C010300 61
028 C020300 0
028 C030300 0
028 C040300 75
028 D010300 8
028 D020300 0
028 D030300 0
<PAGE> PAGE 12
028 D040300 42
028 E010300 30
028 E020300 18
028 E030300 0
028 E040300 10
028 F010300 15
028 F020300 0
028 F030300 0
028 F040300 38
028 G010300 291
028 G020300 421
028 G030300 0
028 G040300 242
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.750
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
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 Y
053 B000300 Y
053 C000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 N
<PAGE> PAGE 13
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 N
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 Y
054 M000300 Y
054 N000300 N
054 O000300 Y
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2500
062 A000300 N
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 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
<PAGE> PAGE 14
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 2955
071 B000300 3002
071 C000300 4666
071 D000300 63
072 A000300 6
072 B000300 2
072 C000300 61
072 D000300 0
072 E000300 0
072 F000300 18
072 G000300 0
072 H000300 0
072 I000300 7
072 J000300 1
072 K000300 0
072 L000300 3
072 M000300 0
072 N000300 11
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 14
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
<PAGE> PAGE 15
072 W000300 1
072 X000300 55
072 Y000300 25
072 Z000300 33
072AA000300 470
072BB000300 60
072CC010300 175
072CC020300 0
072DD010300 30
072DD020300 0
072EE000300 408
073 A010300 0.1200
073 A020300 0.0000
073 B000300 1.5100
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 139
074 D000300 0
074 E000300 0
074 F000300 5000
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 2
074 L000300 7
074 M000300 15
074 N000300 5163
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 46
074 S000300 0
074 T000300 5117
074 U010300 293
074 U020300 0
074 V010300 17.44
074 V020300 0.00
074 W000300 0.0000
074 X000300 81
074 Y000300 0
075 A000300 0
075 B000300 4776
076 000300 0.00
018 000400 Y
019 A000400 Y
019 B000400 163
<PAGE> PAGE 16
019 C000400 DREYFUSFAM
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 33572
028 A020400 1128
028 A030400 0
028 A040400 8824
028 B010400 12019
028 B020400 1109
028 B030400 0
028 B040400 28306
028 C010400 15146
028 C020400 1024
028 C030400 0
028 C040400 16953
028 D010400 14412
028 D020400 976
028 D030400 0
028 D040400 21916
028 E010400 10713
028 E020400 1092
028 E030400 0
028 E040400 19691
028 F010400 10075
028 F020400 926
028 F030400 0
028 F040400 13275
028 G010400 95937
028 G020400 6255
028 G030400 0
028 G040400 108965
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.650
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
<PAGE> PAGE 17
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
053 A000400 N
054 A000400 Y
054 B000400 Y
054 C000400 Y
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 Y
054 H000400 N
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 Y
054 M000400 Y
054 N000400 N
054 O000400 Y
055 A000400 Y
055 B000400 Y
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 2500
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
<PAGE> PAGE 18
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 101.9
062 Q000400 0.0
062 R000400 1.1
063 A000400 0
063 B000400 4.4
064 A000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 Y
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 63033
071 B000400 73753
071 C000400 175939
071 D000400 36
072 A000400 6
072 B000400 10849
<PAGE> PAGE 19
072 C000400 89
072 D000400 0
072 E000400 0
072 F000400 594
072 G000400 0
072 H000400 0
072 I000400 317
072 J000400 8
072 K000400 0
072 L000400 11
072 M000400 6
072 N000400 17
072 O000400 0
072 P000400 117
072 Q000400 0
072 R000400 16
072 S000400 11
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 7
072 X000400 1104
072 Y000400 0
072 Z000400 9834
072AA000400 712
072BB000400 8287
072CC010400 5454
072CC020400 0
072DD010400 9912
072DD020400 0
072EE000400 0
073 A010400 0.6158
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 170670
074 E000400 1718
074 F000400 121
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 3956
074 M000400 24
074 N000400 176489
074 O000400 0
074 P000400 108
<PAGE> PAGE 20
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 8876
074 S000400 0
074 T000400 167505
074 U010400 14828
074 U020400 0
074 V010400 11.30
074 V020400 0.00
074 W000400 0.0000
074 X000400 5007
074 Y000400 0
075 A000400 0
075 B000400 184416
076 000400 0.00
018 000500 Y
019 A000500 Y
019 B000500 163
019 C000500 DREYFUSFAM
024 000500 Y
025 A000501 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
025 B000501 13-5674085
025 C000501 D
025 D000501 727
025 A000502 SALOMON SMITH BARNEY
025 B000502 13-1912900
025 C000502 D
025 D000502 736
025 A000503 CHASE SECURITIES, INC.
025 B000503 13-3112953
025 C000503 D
025 D000503 431
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 269
028 A020500 0
028 A030500 0
028 A040500 72
028 B010500 95
028 B020500 662
028 B030500 0
028 B040500 127
028 C010500 66
028 C020500 0
028 C030500 0
028 C040500 185
<PAGE> PAGE 21
028 D010500 18
028 D020500 0
028 D030500 0
028 D040500 140
028 E010500 100
028 E020500 292
028 E030500 0
028 E040500 145
028 F010500 335
028 F020500 0
028 F030500 0
028 F040500 83
028 G010500 883
028 G020500 954
028 G030500 0
028 G040500 752
028 H000500 0
029 000500 Y
030 A000500 2
030 B000500 5.75
030 C000500 0.00
031 A000500 1
031 B000500 0
032 000500 1
033 000500 0
034 000500 Y
035 000500 1
036 A000500 N
036 B000500 0
037 000500 Y
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 30
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.650
048 A010500 0
048 A020500 0.000
048 B010500 0
<PAGE> PAGE 22
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
053 A000500 Y
053 B000500 Y
053 C000500 N
054 A000500 Y
054 B000500 Y
054 C000500 Y
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 Y
054 H000500 N
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 Y
054 M000500 Y
054 N000500 N
054 O000500 Y
055 A000500 Y
055 B000500 Y
056 000500 N
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 1000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
<PAGE> PAGE 23
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 17.6
062 O000500 0.0
062 P000500 77.1
062 Q000500 0.0
062 R000500 46.9
063 A000500 0
063 B000500 12.4
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
<PAGE> PAGE 24
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 31853
071 B000500 30366
071 C000500 18434
071 D000500 165
072 A000500 6
072 B000500 687
072 C000500 177
072 D000500 0
072 E000500 0
072 F000500 42
072 G000500 0
072 H000500 0
072 I000500 18
072 J000500 3
072 K000500 0
072 L000500 3
072 M000500 0
072 N000500 32
072 O000500 0
072 P000500 121
072 Q000500 0
072 R000500 9
072 S000500 1
072 T000500 0
072 U000500 6
072 V000500 0
072 W000500 5
072 X000500 240
072 Y000500 62
072 Z000500 686
072AA000500 385
072BB000500 181
072CC010500 115
072CC020500 0
072DD010500 700
072DD020500 1
072EE000500 282
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 72
074 B000500 0
074 C000500 0
074 D000500 13275
074 E000500 0
<PAGE> PAGE 25
074 F000500 6570
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 2
074 L000500 186
074 M000500 81
074 N000500 20186
074 O000500 1462
074 P000500 0
074 Q000500 4647
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 62
074 S000500 0
074 T000500 14015
074 U010500 1133
074 U020500 205
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 136
074 Y000500 930
075 A000500 0
075 B000500 13029
076 000500 0.00
018 000600 Y
019 A000600 Y
019 B000600 163
019 C000600 DREYFUSFAM
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 84
028 A020600 0
028 A030600 0
028 A040600 0
028 B010600 159
028 B020600 253
028 B030600 0
028 B040600 0
028 C010600 96
028 C020600 0
<PAGE> PAGE 26
028 C030600 0
028 C040600 114
028 D010600 132
028 D020600 0
028 D030600 0
028 D040600 20
028 E010600 67
028 E020600 273
028 E030600 0
028 E040600 21
028 F010600 58
028 F020600 0
028 F030600 0
028 F040600 49
028 G010600 596
028 G020600 526
028 G030600 0
028 G040600 204
028 H000600 17
029 000600 Y
030 A000600 1
030 B000600 5.75
030 C000600 0.00
031 A000600 0
031 B000600 0
032 000600 1
033 000600 0
034 000600 Y
035 000600 0
036 A000600 N
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
043 000600 21
044 000600 0
045 000600 Y
048 000600 0.000
048 A010600 0
048 A020600 0.000
048 B010600 0
<PAGE> PAGE 27
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
053 A000600 Y
053 B000600 Y
053 C000600 N
055 A000600 Y
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 N
060 B000600 N
061 000600 1000
062 A000600 Y
062 B000600 0.0
062 C000600 1.6
062 D000600 0.0
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 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 66.7
062 Q000600 0.0
062 R000600 29.2
063 A000600 0
063 B000600 4.7
<PAGE> PAGE 28
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 9400
071 B000600 7676
071 C000600 9507
071 D000600 81
072 A000600 6
072 B000600 673
072 C000600 68
072 D000600 0
072 E000600 0
072 F000600 38
<PAGE> PAGE 29
072 G000600 0
072 H000600 0
072 I000600 13
072 J000600 4
072 K000600 0
072 L000600 6
072 M000600 0
072 N000600 44
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 15
072 S000600 30
072 T000600 21
072 U000600 0
072 V000600 0
072 W000600 6
072 X000600 177
072 Y000600 106
072 Z000600 670
072AA000600 2256
072BB000600 674
072CC010600 1498
072CC020600 0
072DD010600 216
072DD020600 320
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 199
074 D000600 8465
074 E000600 1419
074 F000600 2280
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 10
074 L000600 349
074 M000600 42
074 N000600 12764
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
<PAGE> PAGE 30
074 R040600 86
074 S000600 0
074 T000600 12678
074 U010600 352
074 U020600 561
074 V010600 0.00
074 V020600 0.00
074 W000600 0.0000
074 X000600 23
074 Y000600 0
075 A000600 0
075 B000600 3940
076 000600 0.00
SIGNATURE STEPHANIE PIERCE
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 1
<NAME> DREYFUS CORE BOND FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 303596
<INVESTMENTS-AT-VALUE> 304187
<RECEIVABLES> 9983
<ASSETS-OTHER> 43
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 314213
<PAYABLE-FOR-SECURITIES> 15875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22629
<TOTAL-LIABILITIES> 38504
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 279324
<SHARES-COMMON-STOCK> 19026
<SHARES-COMMON-PRIOR> 19676
<ACCUMULATED-NII-CURRENT> 323
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4843)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 905
<NET-ASSETS> 275709
<DIVIDEND-INCOME> 1462
<INTEREST-INCOME> 9326
<OTHER-INCOME> 0
<EXPENSES-NET> 1541
<NET-INVESTMENT-INCOME> 9247
<REALIZED-GAINS-CURRENT> (4102)
<APPREC-INCREASE-CURRENT> 6026
<NET-CHANGE-FROM-OPS> 11171
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9306)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1841
<NUMBER-OF-SHARES-REDEEMED> (2960)
<SHARES-REINVESTED> 469
<NET-CHANGE-IN-ASSETS> (7627)
<ACCUMULATED-NII-PRIOR> 382
<ACCUMULATED-GAINS-PRIOR> (742)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 834
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1542
<AVERAGE-NET-ASSETS> 280250
<PER-SHARE-NAV-BEGIN> 14.40
<PER-SHARE-NII> .48
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> (.48)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.49
<EXPENSE-RATIO> .100
[AVG-DEBT-OUTSTANDING] 3484
[AVG-DEBT-PER-SHARE] .026
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 2
<NAME> DREYFUS EQUITY INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 4434
<INVESTMENTS-AT-VALUE> 5139
<RECEIVABLES> 7
<ASSETS-OTHER> 18
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5164
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46
<TOTAL-LIABILITIES> 46
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4003
<SHARES-COMMON-STOCK> 293
<SHARES-COMMON-PRIOR> 265
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 401
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 704
<NET-ASSETS> 5116
<DIVIDEND-INCOME> 61
<INTEREST-INCOME> 2
<OTHER-INCOME> 0
<EXPENSES-NET> 30
<NET-INVESTMENT-INCOME> 33
<REALIZED-GAINS-CURRENT> 409
<APPREC-INCREASE-CURRENT> 175
<NET-CHANGE-FROM-OPS> 617
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30)
<DISTRIBUTIONS-OF-GAINS> (408)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17
<NUMBER-OF-SHARES-REDEEMED> (14)
<SHARES-REINVESTED> 26
<NET-CHANGE-IN-ASSETS> 651
<ACCUMULATED-NII-PRIOR> 5
<ACCUMULATED-GAINS-PRIOR> 399
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 4776
<PER-SHARE-NAV-BEGIN> 16.87
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 2.07
<PER-SHARE-DIVIDEND> (.12)
<PER-SHARE-DISTRIBUTIONS> (1.51)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.44
<EXPENSE-RATIO> .006
[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> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 3
<NAME> DREYFUS SHORT TERM HIGH YIELD
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 189632
<INVESTMENTS-AT-VALUE> 172509
<RECEIVABLES> 3956
<ASSETS-OTHER> 24
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 176489
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8984
<TOTAL-LIABILITIES> 8984
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 194082
<SHARES-COMMON-STOCK> 14828
<SHARES-COMMON-PRIOR> 15441
<ACCUMULATED-NII-CURRENT> 87
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9541)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17123)
<NET-ASSETS> 167505
<DIVIDEND-INCOME> 89
<INTEREST-INCOME> 10849
<OTHER-INCOME> 0
<EXPENSES-NET> 1104
<NET-INVESTMENT-INCOME> 9834
<REALIZED-GAINS-CURRENT> (7575)
<APPREC-INCREASE-CURRENT> 5454
<NET-CHANGE-FROM-OPS> 7713
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9912)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8363
<NUMBER-OF-SHARES-REDEEMED> (9524)
<SHARES-REINVESTED> 548
<NET-CHANGE-IN-ASSETS> (8973)
<ACCUMULATED-NII-PRIOR> 166
<ACCUMULATED-GAINS-PRIOR> (1966)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 594
<INTEREST-EXPENSE> 117
<GROSS-EXPENSE> 1104
<AVERAGE-NET-ASSETS> 184416
<PER-SHARE-NAV-BEGIN> 11.43
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> (.12)
<PER-SHARE-DIVIDEND> (.62)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.30
<EXPENSE-RATIO> .011
[AVG-DEBT-OUTSTANDING] 4579
[AVG-DEBT-PER-SHARE] .041
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 4
<NAME> DREYFUS PREMIER REAL ESTATE MORTGAGE FUND-A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 20677
<INVESTMENTS-AT-VALUE> 19845
<RECEIVABLES> 188
<ASSETS-OTHER> 153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20186
<PAYABLE-FOR-SECURITIES> 1462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4709
<TOTAL-LIABILITIES> 6171
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14589
<SHARES-COMMON-STOCK> 1133
<SHARES-COMMON-PRIOR> 1068
<ACCUMULATED-NII-CURRENT> 130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (832)
<NET-ASSETS> 13686
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 687
<OTHER-INCOME> 0
<EXPENSES-NET> 178
<NET-INVESTMENT-INCOME> 686
<REALIZED-GAINS-CURRENT> 204
<APPREC-INCREASE-CURRENT> 115
<NET-CHANGE-FROM-OPS> 1005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (700)
<DISTRIBUTIONS-OF-GAINS> (282)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47
<NUMBER-OF-SHARES-REDEEMED> (65)
<SHARES-REINVESTED> 83
<NET-CHANGE-IN-ASSETS> 1107
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 206
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 121
<GROSS-EXPENSE> 240
<AVERAGE-NET-ASSETS> 13029
<PER-SHARE-NAV-BEGIN> 12.09
<PER-SHARE-NII> .620
<PER-SHARE-GAIN-APPREC> .260
<PER-SHARE-DIVIDEND> (.640)
<PER-SHARE-DISTRIBUTIONS> (.260)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.07
<EXPENSE-RATIO> .028
[AVG-DEBT-OUTSTANDING] 4690
[AVG-DEBT-PER-SHARE] .690
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 5
<NAME> DREYFUS PREMIER REAL ESTATE MORTGAGE FUND-B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 20677
<INVESTMENTS-AT-VALUE> 19845
<RECEIVABLES> 188
<ASSETS-OTHER> 153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20186
<PAYABLE-FOR-SECURITIES> 1462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4709
<TOTAL-LIABILITIES> 6171
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14589
<SHARES-COMMON-STOCK> 2
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (832)
<NET-ASSETS> 25
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 687
<OTHER-INCOME> 0
<EXPENSES-NET> 178
<NET-INVESTMENT-INCOME> 686
<REALIZED-GAINS-CURRENT> 204
<APPREC-INCREASE-CURRENT> 115
<NET-CHANGE-FROM-OPS> 1005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1107
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 206
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 121
<GROSS-EXPENSE> 240
<AVERAGE-NET-ASSETS> 11
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> .190
<PER-SHARE-GAIN-APPREC> .900
<PER-SHARE-DIVIDEND> (.280)
<PER-SHARE-DISTRIBUTIONS> (.260)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.02
<EXPENSE-RATIO> .026
[AVG-DEBT-OUTSTANDING] 4690
[AVG-DEBT-PER-SHARE] .690
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 6
<NAME> DREYFUS PREMIER REAL ESTATE MORTGAGE FUND-C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 20677
<INVESTMENTS-AT-VALUE> 19845
<RECEIVABLES> 188
<ASSETS-OTHER> 153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20186
<PAYABLE-FOR-SECURITIES> 1462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4709
<TOTAL-LIABILITIES> 6171
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14589
<SHARES-COMMON-STOCK> 89
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (832)
<NET-ASSETS> 1
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 687
<OTHER-INCOME> 0
<EXPENSES-NET> 178
<NET-INVESTMENT-INCOME> 686
<REALIZED-GAINS-CURRENT> 204
<APPREC-INCREASE-CURRENT> 115
<NET-CHANGE-FROM-OPS> 1005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1107
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 206
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 121
<GROSS-EXPENSE> 240
<AVERAGE-NET-ASSETS> 1
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> .410
<PER-SHARE-GAIN-APPREC> .690
<PER-SHARE-DIVIDEND> (.250)
<PER-SHARE-DISTRIBUTIONS> (.260)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.06
<EXPENSE-RATIO> .025
[AVG-DEBT-OUTSTANDING] 4690
[AVG-DEBT-PER-SHARE] .690
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 7
<NAME> DREYFUS PREMIER REAL ESTATE MORTGAGE FUND-R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 20677
<INVESTMENTS-AT-VALUE> 19845
<RECEIVABLES> 188
<ASSETS-OTHER> 153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20186
<PAYABLE-FOR-SECURITIES> 1462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4709
<TOTAL-LIABILITIES> 6171
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14589
<SHARES-COMMON-STOCK> 25
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (832)
<NET-ASSETS> 302
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 687
<OTHER-INCOME> 0
<EXPENSES-NET> 178
<NET-INVESTMENT-INCOME> 686
<REALIZED-GAINS-CURRENT> 204
<APPREC-INCREASE-CURRENT> 115
<NET-CHANGE-FROM-OPS> 1005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1107
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 206
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 121
<GROSS-EXPENSE> 240
<AVERAGE-NET-ASSETS> 25
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> .340
<PER-SHARE-GAIN-APPREC> .800
<PER-SHARE-DIVIDEND> (.290)
<PER-SHARE-DISTRIBUTIONS> (.260)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.06
<EXPENSE-RATIO> .018
[AVG-DEBT-OUTSTANDING] 4690
[AVG-DEBT-PER-SHARE] .690
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 8
<NAME> DREYFUS PREMIER REAL ESTATE MORTGAGE FUND-T
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 20677
<INVESTMENTS-AT-VALUE> 19845
<RECEIVABLES> 188
<ASSETS-OTHER> 153
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20186
<PAYABLE-FOR-SECURITIES> 1462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4709
<TOTAL-LIABILITIES> 6171
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14589
<SHARES-COMMON-STOCK> 89
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (832)
<NET-ASSETS> 1
<DIVIDEND-INCOME> 177
<INTEREST-INCOME> 687
<OTHER-INCOME> 0
<EXPENSES-NET> 178
<NET-INVESTMENT-INCOME> 686
<REALIZED-GAINS-CURRENT> 204
<APPREC-INCREASE-CURRENT> 115
<NET-CHANGE-FROM-OPS> 1005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1107
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 206
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 121
<GROSS-EXPENSE> 240
<AVERAGE-NET-ASSETS> 1
<PER-SHARE-NAV-BEGIN> 11.47
<PER-SHARE-NII> .430
<PER-SHARE-GAIN-APPREC> .690
<PER-SHARE-DIVIDEND> (.260)
<PER-SHARE-DISTRIBUTIONS> (.260)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.07
<EXPENSE-RATIO> .022
[AVG-DEBT-OUTSTANDING] 4690
[AVG-DEBT-PER-SHARE] .690
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUND
<SERIES>
<NUMBER> 9
<NAME> DREYFUS PREMIER HIGH YIELD DEBT PLUS EQUITY FUND-A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 12702
<INVESTMENTS-AT-VALUE> 12363
<RECEIVABLES> 359
<ASSETS-OTHER> 42
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12764
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86
<TOTAL-LIABILITIES> 86
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11286
<SHARES-COMMON-STOCK> 352
<SHARES-COMMON-PRIOR> 328
<ACCUMULATED-NII-CURRENT> 201
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1529
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (338)
<NET-ASSETS> 4877
<DIVIDEND-INCOME> 68
<INTEREST-INCOME> 674
<OTHER-INCOME> 0
<EXPENSES-NET> 72
<NET-INVESTMENT-INCOME> 670
<REALIZED-GAINS-CURRENT> 1583
<APPREC-INCREASE-CURRENT> 1498
<NET-CHANGE-FROM-OPS> 3751
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (216)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 19
<NET-CHANGE-IN-ASSETS> 4132
<ACCUMULATED-NII-PRIOR> 67
<ACCUMULATED-GAINS-PRIOR> (53)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 177
<AVERAGE-NET-ASSETS> 3940
<PER-SHARE-NAV-BEGIN> 10.27
<PER-SHARE-NII> .79
<PER-SHARE-GAIN-APPREC> 3.47
<PER-SHARE-DIVIDEND> (.65)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> .010
[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> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUND
<SERIES>
<NUMBER> 10
<NAME> DREYFUS PREMIER HIGH YIELD DEBT PLUS EQUITY FUND-B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 12702
<INVESTMENTS-AT-VALUE> 12363
<RECEIVABLES> 359
<ASSETS-OTHER> 42
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12764
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86
<TOTAL-LIABILITIES> 86
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11286
<SHARES-COMMON-STOCK> 388
<SHARES-COMMON-PRIOR> 341
<ACCUMULATED-NII-CURRENT> 201
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1529
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (338)
<NET-ASSETS> 5392
<DIVIDEND-INCOME> 68
<INTEREST-INCOME> 674
<OTHER-INCOME> 0
<EXPENSES-NET> 72
<NET-INVESTMENT-INCOME> 670
<REALIZED-GAINS-CURRENT> 1583
<APPREC-INCREASE-CURRENT> 1498
<NET-CHANGE-FROM-OPS> 3751
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (219)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 46
<NUMBER-OF-SHARES-REDEEMED> (17)
<SHARES-REINVESTED> 18
<NET-CHANGE-IN-ASSETS> 4132
<ACCUMULATED-NII-PRIOR> 67
<ACCUMULATED-GAINS-PRIOR> (53)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 177
<AVERAGE-NET-ASSETS> 4312
<PER-SHARE-NAV-BEGIN> 10.26
<PER-SHARE-NII> .73
<PER-SHARE-GAIN-APPREC> 3.49
<PER-SHARE-DIVIDEND> (.59)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.89
<EXPENSE-RATIO> .018
[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> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUND
<SERIES>
<NUMBER> 11
<NAME> DREYFUS PREMIER HIGH YIELD DEBT PLUS EQUITY FUND-C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 12702
<INVESTMENTS-AT-VALUE> 12363
<RECEIVABLES> 359
<ASSETS-OTHER> 42
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12764
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86
<TOTAL-LIABILITIES> 86
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11286
<SHARES-COMMON-STOCK> 88
<SHARES-COMMON-PRIOR> 82
<ACCUMULATED-NII-CURRENT> 201
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1529
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (338)
<NET-ASSETS> 1217
<DIVIDEND-INCOME> 68
<INTEREST-INCOME> 674
<OTHER-INCOME> 0
<EXPENSES-NET> 72
<NET-INVESTMENT-INCOME> 670
<REALIZED-GAINS-CURRENT> 1583
<APPREC-INCREASE-CURRENT> 1498
<NET-CHANGE-FROM-OPS> 3751
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (49)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 4
<NET-CHANGE-IN-ASSETS> 4132
<ACCUMULATED-NII-PRIOR> 67
<ACCUMULATED-GAINS-PRIOR> (53)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 177
<AVERAGE-NET-ASSETS> 982
<PER-SHARE-NAV-BEGIN> 10.25
<PER-SHARE-NII> .74
<PER-SHARE-GAIN-APPREC> 3.47
<PER-SHARE-DIVIDEND> (.58)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> .018
[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> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUND
<SERIES>
<NUMBER> 12
<NAME> DREYFUS PREMIER HIGH YIELD DEBT PLUS EQUITY FUND-R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 12702
<INVESTMENTS-AT-VALUE> 12363
<RECEIVABLES> 359
<ASSETS-OTHER> 42
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12764
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86
<TOTAL-LIABILITIES> 86
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11286
<SHARES-COMMON-STOCK> 86
<SHARES-COMMON-PRIOR> 81
<ACCUMULATED-NII-CURRENT> 201
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1529
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (338)
<NET-ASSETS> 1192
<DIVIDEND-INCOME> 68
<INTEREST-INCOME> 674
<OTHER-INCOME> 0
<EXPENSES-NET> 72
<NET-INVESTMENT-INCOME> 670
<REALIZED-GAINS-CURRENT> 1583
<APPREC-INCREASE-CURRENT> 1498
<NET-CHANGE-FROM-OPS> 3751
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (52)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> 4132
<ACCUMULATED-NII-PRIOR> 67
<ACCUMULATED-GAINS-PRIOR> (53)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 177
<AVERAGE-NET-ASSETS> 973
<PER-SHARE-NAV-BEGIN> 10.26
<PER-SHARE-NII> .77
<PER-SHARE-GAIN-APPREC> 3.48
<PER-SHARE-DIVIDEND> (.63)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> .013
[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> 0000797073
<NAME> DREYFUS DEBT AND EQUITY FUNDS
<SERIES>
<NUMBER> 13
<NAME> DREYFUS HIGH YIELD SECURITIES
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 190274
<INVESTMENTS-AT-VALUE> 172957
<RECEIVABLES> 5729
<ASSETS-OTHER> 266
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 178952
<PAYABLE-FOR-SECURITIES> 2798
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 757
<TOTAL-LIABILITIES> 3555
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 207206
<SHARES-COMMON-STOCK> 14440
<SHARES-COMMON-PRIOR> 11769
<ACCUMULATED-NII-CURRENT> 1581
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (16073)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17317)
<NET-ASSETS> 175397
<DIVIDEND-INCOME> 9607
<INTEREST-INCOME> 2144
<OTHER-INCOME> 0
<EXPENSES-NET> 883
<NET-INVESTMENT-INCOME> 10868
<REALIZED-GAINS-CURRENT> (8772)
<APPREC-INCREASE-CURRENT> 24848
<NET-CHANGE-FROM-OPS> 26944
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11950)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6080
<NUMBER-OF-SHARES-REDEEMED> (4160)
<SHARES-REINVESTED> 752
<NET-CHANGE-IN-ASSETS> 45173
<ACCUMULATED-NII-PRIOR> 2662
<ACCUMULATED-GAINS-PRIOR> (7301)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 480
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 883
<AVERAGE-NET-ASSETS> 148894
<PER-SHARE-NAV-BEGIN> 11.06
<PER-SHARE-NII> .80
<PER-SHARE-GAIN-APPREC> 1.20
<PER-SHARE-DIVIDEND> (.92)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 12.15
<EXPENSE-RATIO> .110
[AVG-DEBT-OUTSTANDING] 2776
[AVG-DEBT-PER-SHARE] .212
</TABLE>
