FORTIS ADVANTAGE PORTFOLIOS INC
NSAR-B, 1998-09-28
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<PAGE>      PAGE  1
000 B000000 07/31/98
000 C000000 0000823344
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 FORTIS ADVANTAGE PORTFOLIOS, INC.
001 B000000 811-5355
001 C000000 6517384000
002 A000000 500 BIELENBERG DRIVE
002 B000000 WOODBURY
002 C000000 MN
002 D010000 55125
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C010200  2
007 C010300  3
007 C020300 HIGH YIELD PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FORTIS ADVISERS, INC.
008 B00AA01 A
008 C00AA01 801-07877
008 D01AA01 WOODBURY
008 D02AA01 MN
008 D03AA01 55125
011 A00AA01 FORTIS INVESTORS, INC.
011 B00AA01 8-13846
011 C01AA01 WOODBURY
011 C02AA01 MN
011 C03AA01 55125
012 A00AA01 FORTIS ADVISERS, INC.
012 B00AA01 85-07877
012 C01AA01 WOODBURY
012 C02AA01 MN
012 C03AA01 55125
013 A00AA01 KPMG PEAT MARWICK
<PAGE>      PAGE  2
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   34
019 C00AA00 FORTISFUND
020 A000001 PAINE WEBBER, INC.
020 B000001 13-2638166
020 C000001     20
020 A000002 LAZARD FRERER & CO.
020 B000002 13-5545100
020 C000002     17
020 A000003 INSTINET, INC.
020 B000003 13-2596491
020 C000003     16
020 A000004 SMITH BARNEY, INC.
020 B000004 13-1912900
020 C000004     15
020 A000005 BEAR, STEARNS & CO.
020 B000005 13-3299429
020 C000005     14
020 A000006 BROWN (ALEX) & SONS, INC.
020 B000006 52-0256630
020 C000006     12
020 A000007 BERNSTEIN (SANFORD C.) & CO.
020 B000007 13-2625874
020 C000007      9
020 A000008 HAMBRECHT & QUIST, INC.
020 B000008 94-3220292
020 C000008      9
020 A000009 SCHRODER WERTHEIM & CO., INC.
020 B000009 13-2697272
020 C000009      9
020 A000010 DEUTSCHE, MORGAN GRENFELL, INC..
020 B000010 13-2730828
020 C000010      8
021  000000      257
022 A000001 U.S. BANK (N.A.)
022 B000001 41-0256395
022 C000001    217268
022 D000001    228143
022 A000002 CHASE MANHATTAN
022 B000002 41-0988154
022 C000002    119589
022 D000002    121926
022 A000003 NORWEST INVESTMENT SERVICES
022 B000003 41-1508325
022 C000003    125002
022 D000003    111003
022 A000004 BEAR, STEARNS & CO.
<PAGE>      PAGE  3
022 B000004 13-3299429
022 C000004    115798
022 D000004     55199
022 A000005 FIRST UNION NATIONAL BANK
022 B000005 56-1529080
022 C000005     78582
022 D000005     54307
022 A000006 PAINE WEBBER, INC.
022 B000006 13-2638166
022 C000006     89162
022 D000006     40876
022 A000007 J.P. MORGAN & CO., INC.
022 B000007 13-2625764
022 C000007     43289
022 D000007     66345
022 A000008 LEHMAN BROTHERS, INC.
022 B000008 13-2518466
022 C000008     45940
022 D000008     23980
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000009 13-5674085
022 C000009     53139
022 D000009     16645
022 A000010 MENDHAM CAPITAL
022 B000010 22-3165996
022 C000010     17884
022 D000010     43906
023 C000000    1125121
023 D000000     940413
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
<PAGE>      PAGE  4
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 B000000 Y
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
015 A000301 U.S. BANK NATIONAL ASSOCIATION
015 B000301 C
015 C010301 MINNEAPOLIS
015 C020301 MN
015 C030301 55480
015 E010301 X
015 A000302 U.S. BANK NATIONAL ASSOCIATION
015 B000302 C
015 C010302 MINNEAPOLIS
015 C020302 MN
015 C030302 55480
015 E010302 X
015 A000303 U.S. BANK N.A.
015 B000303 S
015 C010303 ST. PAUL
015 C020303 MN
015 C030303 55164
015 E010303 X
024  000300 Y
025 A000301 U.S. BANK (N.A.)
025 B000301 41-0256395
025 C000301 D
025 D000301    4868
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300      7618
028 A020300      1091
028 A030300         0
<PAGE>      PAGE  5
028 A040300      4160
028 B010300      5951
028 B020300       996
028 B030300         0
028 B040300      5399
028 C010300      6643
028 C020300      1002
028 C030300         0
028 C040300      5633
028 D010300      4412
028 D020300       999
028 D030300         0
028 D040300      4918
028 E010300      4476
028 E020300       917
028 E030300         0
028 E040300      5298
028 F010300      3910
028 F020300       865
028 F030300         0
028 F040300      6381
028 G010300     33010
028 G020300      5870
028 G030300         0
028 G040300     31789
028 H000300      5532
029  000300 Y
030 A000300    473
030 B000300  4.50
030 C000300  0.00
031 A000300     74
031 B000300      0
032  000300    107
033  000300    292
034  000300 Y
035  000300    370
036 A000300 N
036 B000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 N
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
<PAGE>      PAGE  6
043  000300      0
044  000300   2381
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300    50000
048 A020300 0.800
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    50000
048 K020300 0.700
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 N
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       25
062 A000300 Y
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
<PAGE>      PAGE  7
062 J000300   2.2
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300  92.8
062 Q000300   1.1
062 R000300   0.5
063 A000300   0
063 B000300  7.8
064 A000300 N
064 B000300 Y
065  000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
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
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 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
<PAGE>      PAGE  8
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300    471850
071 B000300    458683
071 C000300    214338
071 D000300  214
072 A000300 12
072 B000300    23735
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300     1612
072 G000300        0
072 H000300        0
072 I000300        0
072 J000300       34
072 K000300        8
072 L000300       40
072 M000300       12
072 N000300       68
072 O000300        3
072 P000300        0
072 Q000300        0
072 R000300       37
072 S000300        7
072 T000300     1454
072 U000300        0
072 V000300        0
072 W000300       16
072 X000300     3291
072 Y000300        0
072 Z000300    20444
072AA000300    11953
072BB000300    10219
072CC010300        0
072CC020300    13573
072DD010300    11660
072DD020300     9420
072EE000300        0
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        1
074 B000300        0
074 C000300     4868
074 D000300   209922
074 E000300        0
074 F000300     1032
<PAGE>      PAGE  9
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300     3116
074 K000300        0
074 L000300     5589
074 M000300       25
074 N000300   224553
074 O000300        0
074 P000300      146
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      867
074 S000300        0
074 T000300   223540
074 U010300    15327
074 U020300    14859
074 V010300     0.00
074 V020300     0.00
074 W000300   0.0000
074 X000300    14942
074 Y000300        0
075 A000300        0
075 B000300   223183
076  000300     0.00
080 A000300 ICI MUTUAL INSURANCE COMPANY
080 C000300     8000
081 A000300 Y
081 B000300  34
082 A000300 Y
082 B000300       50
083 A000300 N
083 B000300        0
084 A000300 N
084 B000300        0
085 A000300 Y
085 B000300 N
SIGNATURE   TAMARA L. FAGELY                             
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 THROUGH 30 OF THE FORTIS BOND FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 031
   <NAME> FORTIS HIGH YIELD PORTFOLIO (CLASS A)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JUL-31-1998
<INVESTMENTS-AT-COST>                      226,663,306
<INVESTMENTS-AT-VALUE>                     215,821,801
<RECEIVABLES>                                8,705,073
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            26,424
<TOTAL-ASSETS>                             224,553,298
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,013,036
<TOTAL-LIABILITIES>                          1,013,036
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,823,178
<SHARES-COMMON-STOCK>                       15,327,289
<SHARES-COMMON-PRIOR>                       15,725,710
<ACCUMULATED-NII-CURRENT>                        3,356
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (10,444,767)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (10,841,505)
<NET-ASSETS>                               223,540,262
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,734,861
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,291,072)
<NET-INVESTMENT-INCOME>                     20,443,789
<REALIZED-GAINS-CURRENT>                     1,734,513
<APPREC-INCREASE-CURRENT>                 (13,573,415)
<NET-CHANGE-FROM-OPS>                        8,604,887
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (11,659,978)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,124,540
<NUMBER-OF-SHARES-REDEEMED>                (4,449,936)
<SHARES-REINVESTED>                            926,975
<NET-CHANGE-IN-ASSETS>                       9,210,521
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,611,812
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,291,072
<AVERAGE-NET-ASSETS>                       223,183,000
<PER-SHARE-NAV-BEGIN>                             7.83
<PER-SHARE-NII>                                   0.73
<PER-SHARE-GAIN-APPREC>                         (0.40)
<PER-SHARE-DIVIDEND>                            (0.75)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.41
<EXPENSE-RATIO>                                   1.17
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 THROUGH 30 OF THE FORTIS BOND FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 032
   <NAME> FORTIS HIGH YIELD PORTFOLIO (CLASS B)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JUL-31-1998
<INVESTMENTS-AT-COST>                      226,663,306
<INVESTMENTS-AT-VALUE>                     215,821,801
<RECEIVABLES>                                8,705,073
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            26,424
<TOTAL-ASSETS>                             224,553,298
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,013,036
<TOTAL-LIABILITIES>                          1,013,036
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,823,178
<SHARES-COMMON-STOCK>                        3,906,704
<SHARES-COMMON-PRIOR>                        2,604,670
<ACCUMULATED-NII-CURRENT>                        3,356
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (10,444,767)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (10,841,505)
<NET-ASSETS>                               223,540,262
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,734,861
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,291,072)
<NET-INVESTMENT-INCOME>                     20,443,789
<REALIZED-GAINS-CURRENT>                     1,734,513
<APPREC-INCREASE-CURRENT>                 (13,573,415)
<NET-CHANGE-FROM-OPS>                        8,604,887
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,254,300)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,886,435
<NUMBER-OF-SHARES-REDEEMED>                  (729,969)
<SHARES-REINVESTED>                            145,568
<NET-CHANGE-IN-ASSETS>                       9,210,521
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,611,812
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,291,072
<AVERAGE-NET-ASSETS>                       223,183,000
<PER-SHARE-NAV-BEGIN>                             7.83
<PER-SHARE-NII>                                   0.68
<PER-SHARE-GAIN-APPREC>                         (0.40)
<PER-SHARE-DIVIDEND>                            (0.70)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.41
<EXPENSE-RATIO>                                   1.82
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 THROUGH 30 OF THE FORTIS BOND FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 033
   <NAME> FORTIS HIGH YIELD PORTFOLIO (CLASS C)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JUL-31-1998
<INVESTMENTS-AT-COST>                      226,663,306
<INVESTMENTS-AT-VALUE>                     215,821,801
<RECEIVABLES>                                8,705,073
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            26,424
<TOTAL-ASSETS>                             224,553,298
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,013,036
<TOTAL-LIABILITIES>                          1,013,036
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   244,823,178
<SHARES-COMMON-STOCK>                        1,168,289
<SHARES-COMMON-PRIOR>                          899,995
<ACCUMULATED-NII-CURRENT>                        3,356
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (10,444,767)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (10,841,505)
<NET-ASSETS>                               223,540,262
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,734,861
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,291,072)
<NET-INVESTMENT-INCOME>                     20,443,789
<REALIZED-GAINS-CURRENT>                     1,734,513
<APPREC-INCREASE-CURRENT>                 (13,573,415)
<NET-CHANGE-FROM-OPS>                        8,604,887
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (756,254)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        461,879
<NUMBER-OF-SHARES-REDEEMED>                  (271,306)
<SHARES-REINVESTED>                             77,721
<NET-CHANGE-IN-ASSETS>                       9,210,521
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,611,812
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,291,072
<AVERAGE-NET-ASSETS>                       223,183,000
<PER-SHARE-NAV-BEGIN>                             7.82
<PER-SHARE-NII>                                   0.68
<PER-SHARE-GAIN-APPREC>                         (0.40)
<PER-SHARE-DIVIDEND>                            (0.70)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.40
<EXPENSE-RATIO>                                   1.82
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 20 THROUGH 30 OF THE FORTIS BOND FUNDS
ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000823344
<NAME> FORTIS ADVANTAGE PORTFOLIOS, INC.
<SERIES>
   <NUMBER> 034
   <NAME> FORTIS HIGH YIELD PORTFOLIO (CLASS H)
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JUL-31-1998
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