STATE STREET RESEARCH FINANCIAL TRUST
NSAR-B, 1998-12-29
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<PAGE>      PAGE  1
000 B000000 10/31/98
000 C000000 0000806390
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STATE STREET RESEARCH FINANCIAL TRUST
001 B000000 811-4911
001 C000000 6173571200
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2690
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 STATE STREET RESEARCH GOVERNMENT INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 SSR STRATEGIC PORTFOLIOS: MODERATE
007 C030200 N
007 C010300  3
007 C020300 SSR STRATEGIC PORTFOLIOS: AGGRESSIVE
007 C030300 N
007 C010400  4
007 C020400 SSR STRATEGIC PORTFOLIOS: CONSERVATIVE
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   24
019 C00AA00 STATESTRES
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020 B000001 13-2655998
020 C000001     21
020 A000002 LEHMAN BROTHERS. INC.
020 B000002 13-2518466
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<PAGE>      PAGE  2
020 A000003 CS FIRST BOSTON CORP.
020 B000003 13-5659485
020 C000003     10
020 A000004 OPPENHEIMER & CO. INC.
020 B000004 13-2798343
020 C000004     10
020 A000005 DONALDSON, LUFKIN & JENRETTE
020 B000005 13-2741729
020 C000005      9
020 A000006 SMITH BARNEY INC.
020 B000006 13-1912900
020 C000006      9
020 A000007 PAINE WEBBER INC
020 B000007 13-2638166
020 C000007      8
020 A000008 SANFORD C. BERNSTEIN & CO. INC.
020 B000008 13-2625874
020 C000008      7
020 A000009 INSTINET CORP.
020 B000009 13-3443395
020 C000009      7
020 A000010 PRUDENTIAL SECURITIES, INC.
020 B000010 22-2347336
020 C000010      6
021  000000      237
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022 C000001    798594
022 D000001         0
022 A000002 FORD MOTOR CO.
022 C000002    480132
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022 B000003 13-5674085
022 C000003    479805
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022 C000004    316347
022 D000004         0
022 A000005 HOUSEHOLD FINANCE CORP.
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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  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 023
   <NAME> STATE STREET RESEARCH STRATEGIC PORTFOLIOS: MODERATE CL. S
       
<S>                             <C>
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<GROSS-ADVISORY-FEES>                          324,438
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                835,756
<AVERAGE-NET-ASSETS>                        49,913,538
<PER-SHARE-NAV-BEGIN>                            12.08
<PER-SHARE-NII>                                   0.36
<PER-SHARE-GAIN-APPREC>                           0.34
<PER-SHARE-DIVIDEND>                            (0.36)
<PER-SHARE-DISTRIBUTIONS>                       (1.25)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.17
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH STRAT PORT AGGGRESSIVE CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       68,381,858
<INVESTMENTS-AT-VALUE>                      70,732,222
<RECEIVABLES>                                1,278,846
<ASSETS-OTHER>                                  61,236
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              72,072,304
<PAYABLE-FOR-SECURITIES>                     2,195,280
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   14,029,125
<TOTAL-LIABILITIES>                         16,224,405
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    45,392,327
<SHARES-COMMON-STOCK>                        4,879,679
<SHARES-COMMON-PRIOR>                        5,900,731
<ACCUMULATED-NII-CURRENT>                      583,345
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      7,856,347
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,015,880
<NET-ASSETS>                                55,847,899
<DIVIDEND-INCOME>                              449,201
<INTEREST-INCOME>                            1,425,172
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 708,630
<NET-INVESTMENT-INCOME>                      1,165,743
<REALIZED-GAINS-CURRENT>                     8,199,201
<APPREC-INCREASE-CURRENT>                  (7,077,127)
<NET-CHANGE-FROM-OPS>                        2,287,817
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,317,557)
<DISTRIBUTIONS-OF-GAINS>                  (11,099,159)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        770,407
<NUMBER-OF-SHARES-REDEEMED>                (2,843,995)
<SHARES-REINVESTED>                          1,052,536
<NET-CHANGE-IN-ASSETS>                    (21,905,121)
<ACCUMULATED-NII-PRIOR>                        473,826
<ACCUMULATED-GAINS-PRIOR>                   11,024,948
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          483,814
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                837,273
<AVERAGE-NET-ASSETS>                        64,508,533
<PER-SHARE-NAV-BEGIN>                            13.18
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                           0.17
<PER-SHARE-DIVIDEND>                            (0.24)
<PER-SHARE-DISTRIBUTIONS>                       (1.88)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.44
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 043
   <NAME> STATE STREET RESEARCH STRATEGIC PORTFOLIOS: CONS CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       47,300,129
<INVESTMENTS-AT-VALUE>                      48,671,270
<RECEIVABLES>                                2,382,921
<ASSETS-OTHER>                                  76,100
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              51,130,291
<PAYABLE-FOR-SECURITIES>                     5,880,714
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    9,013,487
<TOTAL-LIABILITIES>                         14,894,201
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    32,243,158
<SHARES-COMMON-STOCK>                        3,319,052
<SHARES-COMMON-PRIOR>                        3,401,702
<ACCUMULATED-NII-CURRENT>                      502,509
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,248,412
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,242,011
<NET-ASSETS>                                36,236,090
<DIVIDEND-INCOME>                              121,190
<INTEREST-INCOME>                            1,834,898
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 335,598
<NET-INVESTMENT-INCOME>                      1,620,490
<REALIZED-GAINS-CURRENT>                     2,442,165
<APPREC-INCREASE-CURRENT>                    (956,166)
<NET-CHANGE-FROM-OPS>                        3,106,489
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,703,599)
<DISTRIBUTIONS-OF-GAINS>                   (2,735,915)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        372,648
<NUMBER-OF-SHARES-REDEEMED>                  (768,832)
<SHARES-REINVESTED>                            313,534
<NET-CHANGE-IN-ASSETS>                     (2,264,609)
<ACCUMULATED-NII-PRIOR>                        458,790
<ACCUMULATED-GAINS-PRIOR>                    2,661,943
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          223,748
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                488,449
<AVERAGE-NET-ASSETS>                        37,291,333
<PER-SHARE-NAV-BEGIN>                            11.32
<PER-SHARE-NII>                                   0.47
<PER-SHARE-GAIN-APPREC>                           0.42
<PER-SHARE-DIVIDEND>                            (0.50)
<PER-SHARE-DISTRIBUTIONS>                       (0.79)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.92
<EXPENSE-RATIO>                                   0.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 011
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                      841,875,369
<INVESTMENTS-AT-VALUE>                     866,674,129
<RECEIVABLES>                               24,893,258
<ASSETS-OTHER>                                  17,449
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             891,584,836
<PAYABLE-FOR-SECURITIES>                   130,477,633
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   53,352,537
<TOTAL-LIABILITIES>                        183,830,170
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   701,805,747
<SHARES-COMMON-STOCK>                       39,669,554
<SHARES-COMMON-PRIOR>                       41,460,715
<ACCUMULATED-NII-CURRENT>                    3,653,715
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (21,548,506)
<ACCUM-APPREC-OR-DEPREC>                    23,843,710
<NET-ASSETS>                               707,754,666
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           47,980,631
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,114,230
<NET-INVESTMENT-INCOME>                     39,866,401
<REALIZED-GAINS-CURRENT>                    17,302,180
<APPREC-INCREASE-CURRENT>                    4,812,247
<NET-CHANGE-FROM-OPS>                       61,980,828
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (31,530,438)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,586,515
<NUMBER-OF-SHARES-REDEEMED>                (6,762,852)
<SHARES-REINVESTED>                          1,385,176
<NET-CHANGE-IN-ASSETS>                      37,521,944
<ACCUMULATED-NII-PRIOR>                      2,339,029
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (39,689,487)
<GROSS-ADVISORY-FEES>                        4,226,796
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,114,230
<AVERAGE-NET-ASSETS>                       667,023,750
<PER-SHARE-NAV-BEGIN>                            12.65
<PER-SHARE-NII>                                   0.78
<PER-SHARE-GAIN-APPREC>                           0.43
<PER-SHARE-DIVIDEND>                            (0.79)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.07
<EXPENSE-RATIO>                                   1.09
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 012
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                      841,875,369
<INVESTMENTS-AT-VALUE>                     866,674,129
<RECEIVABLES>                               24,893,258
<ASSETS-OTHER>                                  17,449
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             891,584,836
<PAYABLE-FOR-SECURITIES>                   130,477,633
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   53,352,537
<TOTAL-LIABILITIES>                        183,830,170
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   701,805,747
<SHARES-COMMON-STOCK>                        9,973,242
<SHARES-COMMON-PRIOR>                        7,709,687
<ACCUMULATED-NII-CURRENT>                    3,653,715
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (21,548,506)
<ACCUM-APPREC-OR-DEPREC>                    23,843,710
<NET-ASSETS>                               707,754,666
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           47,980,631
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,114,230
<NET-INVESTMENT-INCOME>                     39,866,401
<REALIZED-GAINS-CURRENT>                    17,302,180
<APPREC-INCREASE-CURRENT>                    4,812,247
<NET-CHANGE-FROM-OPS>                       61,980,828
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (5,721,251)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,159,555
<NUMBER-OF-SHARES-REDEEMED>                (2,197,432)
<SHARES-REINVESTED>                            301,432
<NET-CHANGE-IN-ASSETS>                      37,521,944
<ACCUMULATED-NII-PRIOR>                      2,339,029
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                  39,689,487
<GROSS-ADVISORY-FEES>                        4,226,796
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,114,230
<AVERAGE-NET-ASSETS>                       667,023,750
<PER-SHARE-NAV-BEGIN>                            12.61
<PER-SHARE-NII>                                   0.68
<PER-SHARE-GAIN-APPREC>                           0.43
<PER-SHARE-DIVIDEND>                            (0.69)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.03
<EXPENSE-RATIO>                                   1.84
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS S
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                      841,875,369
<INVESTMENTS-AT-VALUE>                     866,674,129
<RECEIVABLES>                               24,893,258
<ASSETS-OTHER>                                  17,449
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             891,584,836
<PAYABLE-FOR-SECURITIES>                   130,477,633
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   53,352,537
<TOTAL-LIABILITIES>                        183,830,170
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   701,805,747
<SHARES-COMMON-STOCK>                        2,409,057
<SHARES-COMMON-PRIOR>                        2,540,378
<ACCUMULATED-NII-CURRENT>                    3,653,715
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (21,548,506)
<ACCUM-APPREC-OR-DEPREC>                    23,843,710
<NET-ASSETS>                               707,754,666
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           47,980,631
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,114,230
<NET-INVESTMENT-INCOME>                     39,866,401
<REALIZED-GAINS-CURRENT>                    17,302,180
<APPREC-INCREASE-CURRENT>                    4,812,247
<NET-CHANGE-FROM-OPS>                       61,980,828
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,982,171)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        570,184
<NUMBER-OF-SHARES-REDEEMED>                  (755,120)
<SHARES-REINVESTED>                             53,615
<NET-CHANGE-IN-ASSETS>                      37,521,944
<ACCUMULATED-NII-PRIOR>                      2,339,029
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                  39,689,487
<GROSS-ADVISORY-FEES>                        4,226,796
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,114,230
<AVERAGE-NET-ASSETS>                       667,023,750
<PER-SHARE-NAV-BEGIN>                            12.64
<PER-SHARE-NII>                                   0.81
<PER-SHARE-GAIN-APPREC>                           0.43
<PER-SHARE-DIVIDEND>                            (0.82)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.06
<EXPENSE-RATIO>                                   0.84
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806390
<NAME> STATE STREET RESEARCH FINANCIAL TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH GOVERNMENT INCOME FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                      841,875,369
<INVESTMENTS-AT-VALUE>                     866,674,129
<RECEIVABLES>                               24,893,258
<ASSETS-OTHER>                                  17,449
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             891,584,836
<PAYABLE-FOR-SECURITIES>                   130,477,633
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   53,352,537
<TOTAL-LIABILITIES>                        183,830,170
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   701,805,747
<SHARES-COMMON-STOCK>                        2,121,167
<SHARES-COMMON-PRIOR>                        1,291,316
<ACCUMULATED-NII-CURRENT>                    3,653,715
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (21,548,506)
<ACCUM-APPREC-OR-DEPREC>                    23,843,710
<NET-ASSETS>                               707,754,666
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           47,980,631
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,114,230
<NET-INVESTMENT-INCOME>                     39,866,401
<REALIZED-GAINS-CURRENT>                    17,302,180
<APPREC-INCREASE-CURRENT>                    4,812,247
<NET-CHANGE-FROM-OPS>                       61,980,828
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (998,658)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,161,428
<NUMBER-OF-SHARES-REDEEMED>                  (382,734)
<SHARES-REINVESTED>                             51,157
<NET-CHANGE-IN-ASSETS>                      37,521,944
<ACCUMULATED-NII-PRIOR>                      2,339,029
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                  39,689,487
<GROSS-ADVISORY-FEES>                        4,226,796
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,114,230
<AVERAGE-NET-ASSETS>                       667,023,750
<PER-SHARE-NAV-BEGIN>                            12.62
<PER-SHARE-NII>                                   0.67
<PER-SHARE-GAIN-APPREC>                           0.44
<PER-SHARE-DIVIDEND>                            (0.69)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.04
<EXPENSE-RATIO>                                   1.84
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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