<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> INVESTMENT GRADE MUNI
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
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<SENIOR-EQUITY> 25,000,000
<PAID-IN-CAPITAL-COMMON> 52,748,409
<SHARES-COMMON-STOCK> 4,839,000
<SHARES-COMMON-PRIOR> 4,839,000
<ACCUMULATED-NII-CURRENT> (1,253,559)
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<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 0
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<REALIZED-GAINS-CURRENT> (196,219)
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<NET-CHANGE-FROM-OPS> 4,133,114
<EQUALIZATION> 0
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<NET-CHANGE-IN-ASSETS> 193,682
<ACCUMULATED-NII-PRIOR> (1,004,772)
<ACCUMULATED-GAINS-PRIOR> (3,832,564)
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<PER-SHARE-NAV-BEGIN> 9.39
<PER-SHARE-NII> 0.76
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> (0.81)
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<EXPENSE-RATIO> 1.52
</TABLE>
