<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 481,163
<INVESTMENTS-AT-VALUE> 423,915
<RECEIVABLES> 12,449
<ASSETS-OTHER> 4,408
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 440,772
<PAYABLE-FOR-SECURITIES> 5,465
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,090
<TOTAL-LIABILITIES> 6,555
<SENIOR-EQUITY> 200,000
<PAID-IN-CAPITAL-COMMON> 336,028
<SHARES-COMMON-STOCK> 66,901
<SHARES-COMMON-PRIOR> 66,901
<ACCUMULATED-NII-CURRENT> 2,029
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (50,853)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (52,987)
<NET-ASSETS> 434,217
<DIVIDEND-INCOME> 76
<INTEREST-INCOME> 21,897
<OTHER-INCOME> 268
<EXPENSES-NET> 1,466
<NET-INVESTMENT-INCOME> 20,775
<REALIZED-GAINS-CURRENT> (8,387)
<APPREC-INCREASE-CURRENT> (17,183)
<NET-CHANGE-FROM-OPS> (4,795)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19,203
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (33,998)
<ACCUMULATED-NII-PRIOR> 457
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 541
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,466
<AVERAGE-NET-ASSETS> 447,138
<PER-SHARE-NAV-BEGIN> 3.86
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> (.38)
<PER-SHARE-DIVIDEND> .29
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.50
<EXPENSE-RATIO> 1.22
</TABLE>