MUNICIPAL PREMIUM INCOME TRUST/MA
NSAR-B, 1998-07-30
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013 B020001 NY
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SIGNATURE   BARRY FINK                                   
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Municipal Premium Income Trust
Annual N-SAR 5/31/98
</LEGEND>
<CIK> 0000842891
<NAME> MUNICIPAL PREMIUM INCOME TRUST
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAY-31-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                      328,847,631
<INVESTMENTS-AT-VALUE>                     348,315,750
<RECEIVABLES>                                6,347,081
<ASSETS-OTHER>                                 363,594
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             355,026,425
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                            634,070
<SENIOR-EQUITY>                            100,000,000
<PAID-IN-CAPITAL-COMMON>                   227,033,713
<SHARES-COMMON-STOCK>                       24,433,224
<SHARES-COMMON-PRIOR>                       24,721,924
<ACCUMULATED-NII-CURRENT>                    2,202,979
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,687,544
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    19,468,119
<NET-ASSETS>                               354,392,355
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           21,502,429
<OTHER-INCOME>                                       0
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<REALIZED-GAINS-CURRENT>                     5,780,796
<APPREC-INCREASE-CURRENT>                    2,044,112
<NET-CHANGE-FROM-OPS>                       26,346,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (18,438,105)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                  (288,700)
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<GROSS-ADVISORY-FEES>                        1,417,273
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<PER-SHARE-NAV-BEGIN>                            10.08
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<PER-SHARE-DIVIDEND>                              0.75
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<EXPENSE-RATIO>                                   1.18
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</TABLE>


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