<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMIANNUAL REPORT FOR THE SIX MONTHS ENDED JUNE 30, 2000
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 441,311
<INVESTMENTS-AT-VALUE> 376,082
<RECEIVABLES> 22,844
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 398,926
<PAYABLE-FOR-SECURITIES> 13,050
<SENIOR-LONG-TERM-DEBT> 105,820
<OTHER-ITEMS-LIABILITIES> 5,250
<TOTAL-LIABILITIES> 124,120
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 403,595
<SHARES-COMMON-STOCK> 51,892
<SHARES-COMMON-PRIOR> 51,579
<ACCUMULATED-NII-CURRENT> 30
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (63,590)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (65,229)
<NET-ASSETS> 274,806
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 24,666
<OTHER-INCOME> 0
<EXPENSES-NET> 5,610
<NET-INVESTMENT-INCOME> 19,056
<REALIZED-GAINS-CURRENT> (17,515)
<APPREC-INCREASE-CURRENT> (14,963)
<NET-CHANGE-FROM-OPS> (13,422)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 18,934
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 312
<NET-CHANGE-IN-ASSETS> (30,546)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (46,075)
<OVERDISTRIB-NII-PRIOR> 92
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,253
<INTEREST-EXPENSE> 4,107
<GROSS-EXPENSE> 5,610
<AVERAGE-NET-ASSETS> 290,371
<PER-SHARE-NAV-BEGIN> 5.92
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> (0.62)
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 5.30
<EXPENSE-RATIO> 1.04
</TABLE>
