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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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 8 - 12 OF THE SEMI-ANNUAL SHAREHOLDER
REPORT.
</LEGEND>
<CIK> 0000086317
<NAME> FORTIS SECURITIES INC.
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-01-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 113,530,606
<INVESTMENTS-AT-VALUE> 116,515,637
<RECEIVABLES> 2,330,602
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 25,340
<TOTAL-ASSETS> 118,871,579
<PAYABLE-FOR-SECURITIES> 417,500
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 968,928
<TOTAL-LIABILITIES> 1,386,428
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 135,952,906
<SHARES-COMMON-STOCK> 12,614,077
<SHARES-COMMON-PRIOR> 12,603,789
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (10,634)
<ACCUMULATED-NET-GAINS> (21,442,152)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,985,031
<NET-ASSETS> 117,485,151
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,591,228
<OTHER-INCOME> 0
<EXPENSES-NET> (451,551)
<NET-INVESTMENT-INCOME> 5,139,677
<REALIZED-GAINS-CURRENT> (1,928,707)
<APPREC-INCREASE-CURRENT> 3,645,940
<NET-CHANGE-FROM-OPS> 6,856,910
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,109,202)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 10,288
<NET-CHANGE-IN-ASSETS> 1,843,014
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (19,513,445)
<OVERDISTRIB-NII-PRIOR> (41,109)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 373,489
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 451,551
<AVERAGE-NET-ASSETS> 116,274,000
<PER-SHARE-NAV-BEGIN> 9.18
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .13
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.31
<EXPENSE-RATIO> .77<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
ATTACHMENT FOR SUB-ITEM 77C
An annual meeting of shareholders was held on December
7, 1995. Three items were submitted for a shareholder
vote. First, the nominated directors were elected by
shareholders (there were no solicitations in opposition
to management's nominees). Second, shareholders
ratified the selection of auditors. Third,
shareholders approved an amendment of the advisory
agreement that broadened the base for calculating a
portion of the management fee from "interest and
dividend income" to "investment income." This final
item was approved by a vote of 5,189,715 shares in
favor and 996, 984 shares against.
