FORTIS ADVANTAGE PORTFOLIOS INC
NSAR-A, 1998-03-27
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<PAGE>      PAGE  1
000 A000000 01/31/98
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
001 B000000 811-5355
001 C000000 6127384000
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
015 A00AA01 U.S. BANK NATIONAL ASSOCIATION
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55480
015 E01AA01 X
015 A00AA02 U.S. BANK N.A.
015 B00AA02 S
015 C01AA02 ST. PAUL
015 C02AA02 MN
015 C03AA02 55164
015 E01AA02 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   31
019 C00AA00 FORTISFUND
020 A000001 INSTINET INC.
020 B000001 13-2596491
020 C000001     13
020 A000002 SMITH BARNEY
020 B000002 13-1912900
020 C000002     10
020 A000003 PAINE WEBBER INC.
020 B000003 13-2638166
020 C000003      8
020 A000004 CHASE MANHATTAN
020 B000004 41-0988154
020 C000004      8
020 A000005 COWEN & CO.
020 B000005 13-5616116
020 C000005      7
020 A000006 FIRST BOSTON CORP.
020 B000006 13-5659485
020 C000006      5
020 A000007 HAMBRECHT & QUIST INC.
020 B000007 94-2856935
020 C000007      4
020 A000008 BEAR, STEARNS & CO.
020 B000008 13-3299429
020 C000008      4
020 A000009 BLAIR (WILLIAM) & CO.
020 B000009 36-2214610
020 C000009      4
020 A000010 CSC SECURITIES LTD
020 C000010      4
021  000000       98
022 A000001 U.S. BANK (N.A.)
022 B000001 41-0256395
<PAGE>      PAGE  3
022 C000001    158318
022 D000001    173269
022 A000002 CHASE MANHATTAN
022 B000002 41-0988154
022 C000002     85146
022 D000002     86271
022 A000003 BEAR, STEARNS & CO.
022 B000003 13-3299429
022 C000003     75175
022 D000003     40088
022 A000004 PAINE WEBBER, INC.
022 B000004 13-2638166
022 C000004     73415
022 D000004     17750
022 A000005 FIRST UNION NATIONAL BANK
022 B000005 56-1529080
022 C000005     52256
022 D000005     34028
022 A000006 NORWEST INVESTMENT SERVICES
022 B000006 41-1508325
022 C000006     47857
022 D000006     22126
022 A000007 LEHMAN BROTHERS, INC.
022 B000007 13-2518466
022 C000007     35928
022 D000007     21667
022 A000008 J. P. MORGAN & CO., INC.
022 B000008 13-2625764
022 C000008     19099
022 D000008     37810
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000009 13-5674085
022 C000009     43938
022 D000009      9551
022 A000010 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000010 36-3595942
022 C000010     40605
022 D000010      1940
023 C000000     723777
023 D000000     555951
026 A000000 N
026 B000000 Y
026 C000000 N
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026 E000000 N
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026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
<PAGE>      PAGE  4
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
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 N
078  000000 N
024  000300 Y
025 A000301 U.S. BANK (N.A.)
025 B000301 41-0256395
025 C000301 D
025 D000301     372
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300      3605
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028 B020300       978
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<PAGE>      PAGE  5
028 F040300      3899
028 G010300     34911
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030 C000300  0.00
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031 B000300      0
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036 A000300 N
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037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 N
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042 B000300   0
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042 D000300   0
042 E000300   0
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042 G000300   0
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045  000300 Y
046  000300 N
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048 A020300 0.800
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048 C010300        0
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<PAGE>      PAGE  6
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
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048 K010300    50000
048 K020300 0.700
049  000300 N
050  000300 N
051  000300 N
052  000300 N
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055 A000300 Y
055 B000300 N
056  000300 Y
057  000300 N
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060 A000300 Y
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062 A000300 Y
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062 C000300   2.2
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   0.2
062 K000300   0.0
062 L000300   0.1
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300  97.4
062 Q000300   0.0
062 R000300   0.4
063 A000300   0
063 B000300  7.5
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
<PAGE>      PAGE  7
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
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300    283543
071 B000300    269421
071 C000300    207247
071 D000300  130
072 A000300  6
072 B000300    12070
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072 E000300        0
072 F000300      796
072 G000300        0
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072 I000300        0
072 J000300       22
072 K000300        4
072 L000300       18
<PAGE>      PAGE  8
072 M000300        6
072 N000300       34
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072 Q000300        0
072 R000300       24
072 S000300        3
072 T000300      704
072 U000300        0
072 V000300        0
072 W000300        8
072 X000300     1619
072 Y000300        0
072 Z000300    10451
072AA000300     7338
072BB000300     4366
072CC010300        0
072CC020300     5912
072DD010300     6074
072DD020300     4581
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     5650
074 D000300   219869
074 E000300        0
074 F000300      940
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300     4123
074 K000300        0
074 L000300     5435
074 M000300       44
074 N000300   236062
074 O000300     9136
074 P000300      145
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300     1002
074 S000300        0
074 T000300   225779
074 U010300    15631
074 U020300    13636
074 V010300     0.00
<PAGE>      PAGE  9
074 V020300     0.00
074 W000300   0.0000
074 X000300    14974
074 Y000300        0
075 A000300        0
075 B000300   218956
076  000300     0.00
080 A000300 ICI MUTUAL INSURANCE COMPANY
080 C000300     8000
081 A000300 Y
081 B000300  31
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 17 through 28 of the Fortis Bond Funds
semi-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>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JAN-31-1998
<INVESTMENTS-AT-COST>                      229,637,933
<INVESTMENTS-AT-VALUE>                     226,458,317
<RECEIVABLES>                                9,558,178
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            45,023
<TOTAL-ASSETS>                             236,061,518
<PAYABLE-FOR-SECURITIES>                     9,136,210
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,145,903
<TOTAL-LIABILITIES>                         10,282,113
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   237,734,165
<SHARES-COMMON-STOCK>                       15,630,843
<SHARES-COMMON-PRIOR>                       15,725,710
<ACCUMULATED-NII-CURRENT>                      432,006
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (9,207,150)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (3,179,616)
<NET-ASSETS>                               225,779,405
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           12,070,432
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,619,498)
<NET-INVESTMENT-INCOME>                     10,450,934
<REALIZED-GAINS-CURRENT>                     2,972,130
<APPREC-INCREASE-CURRENT>                  (5,911,526)
<NET-CHANGE-FROM-OPS>                        7,511,538
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (6,073,701)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,511,916
<NUMBER-OF-SHARES-REDEEMED>                (2,083,497)
<SHARES-REINVESTED>                            476,714
<NET-CHANGE-IN-ASSETS>                      11,449,664
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          795,764
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,619,498
<AVERAGE-NET-ASSETS>                       218,956,000
<PER-SHARE-NAV-BEGIN>                             7.83
<PER-SHARE-NII>                                    .38
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.39)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.72
<EXPENSE-RATIO>                                   1.18<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Annualized
</FN>
        

</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 17 through 28 of the Fortis Bond Funds
semi-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>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JAN-31-1998
<INVESTMENTS-AT-COST>                      229,637,933
<INVESTMENTS-AT-VALUE>                     226,458,317
<RECEIVABLES>                                9,558,178
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            45,023
<TOTAL-ASSETS>                             236,061,518
<PAYABLE-FOR-SECURITIES>                     9,136,210
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,145,903
<TOTAL-LIABILITIES>                         10,282,113
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   237,734,165
<SHARES-COMMON-STOCK>                        3,154,477
<SHARES-COMMON-PRIOR>                        2,604,670
<ACCUMULATED-NII-CURRENT>                      432,006
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (9,207,150)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (3,179,616)
<NET-ASSETS>                               225,779,405
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           12,070,432
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,619,498)
<NET-INVESTMENT-INCOME>                     10,450,934
<REALIZED-GAINS-CURRENT>                     2,972,130
<APPREC-INCREASE-CURRENT>                  (5,911,526)
<NET-CHANGE-FROM-OPS>                        7,511,538
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,039,738)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        785,727
<NUMBER-OF-SHARES-REDEEMED>                  (304,821)
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<NET-CHANGE-IN-ASSETS>                      11,449,664
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          795,764
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,619,498
<AVERAGE-NET-ASSETS>                       218,956,000
<PER-SHARE-NAV-BEGIN>                             7.83
<PER-SHARE-NII>                                    .35
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.71
<EXPENSE-RATIO>                                   1.83<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Annualized
</FN>
        

</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 17 through 28 of the Fortis Bond Funds
semi-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>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JAN-31-1998
<INVESTMENTS-AT-COST>                      229,637,933
<INVESTMENTS-AT-VALUE>                     226,458,317
<RECEIVABLES>                                9,558,178
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            45,023
<TOTAL-ASSETS>                             236,061,518
<PAYABLE-FOR-SECURITIES>                     9,136,210
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,145,903
<TOTAL-LIABILITIES>                         10,282,113
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   237,734,165
<SHARES-COMMON-STOCK>                        1,102,327
<SHARES-COMMON-PRIOR>                          899,995
<ACCUMULATED-NII-CURRENT>                      432,006
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (9,207,150)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (3,179,616)
<NET-ASSETS>                               225,779,405
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           12,070,432
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,619,498)
<NET-INVESTMENT-INCOME>                     10,450,934
<REALIZED-GAINS-CURRENT>                     2,972,130
<APPREC-INCREASE-CURRENT>                  (5,911,526)
<NET-CHANGE-FROM-OPS>                        7,511,538
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (374,269)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        297,114
<NUMBER-OF-SHARES-REDEEMED>                  (132,387)
<SHARES-REINVESTED>                             37,605
<NET-CHANGE-IN-ASSETS>                      11,449,664
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          795,764
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,619,498
<AVERAGE-NET-ASSETS>                       218,956,000
<PER-SHARE-NAV-BEGIN>                             7.82
<PER-SHARE-NII>                                    .35
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.70
<EXPENSE-RATIO>                                   1.83<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Annualized
</FN>
        

</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 17 through 28 of the Fortis Bond Funds
semi-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>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-START>                             AUG-01-1997
<PERIOD-END>                               JAN-31-1998
<INVESTMENTS-AT-COST>                      229,637,933
<INVESTMENTS-AT-VALUE>                     226,458,317
<RECEIVABLES>                                9,558,178
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            45,023
<TOTAL-ASSETS>                             236,061,518
<PAYABLE-FOR-SECURITIES>                     9,136,210
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,145,903
<TOTAL-LIABILITIES>                         10,282,113
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   237,734,165
<SHARES-COMMON-STOCK>                        9,378,886
<SHARES-COMMON-PRIOR>                        8,153,853
<ACCUMULATED-NII-CURRENT>                      432,006
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (9,207,150)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (3,179,616)
<NET-ASSETS>                               225,779,405
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           12,070,432
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,619,498)
<NET-INVESTMENT-INCOME>                     10,450,934
<REALIZED-GAINS-CURRENT>                     2,972,130
<APPREC-INCREASE-CURRENT>                  (5,911,526)
<NET-CHANGE-FROM-OPS>                        7,511,538
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,167,351)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,895,389
<NUMBER-OF-SHARES-REDEEMED>                  (871,690)
<SHARES-REINVESTED>                            201,334
<NET-CHANGE-IN-ASSETS>                      11,449,664
<ACCUMULATED-NII-PRIOR>                        636,131
<ACCUMULATED-GAINS-PRIOR>                 (12,179,280)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          795,764
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,619,498
<AVERAGE-NET-ASSETS>                       218,956,000
<PER-SHARE-NAV-BEGIN>                             7.82
<PER-SHARE-NII>                                    .36
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.71
<EXPENSE-RATIO>                                   1.83<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Annualized
</FN>
        

</TABLE>


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