FEDERATED MUNICIPAL SECURITIES INCOME TRUST
NSAR-B, EX-27, 2000-10-26
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000866700
<NAME>                            Federated Municipal Securities Income Trust
<SERIES>
     <NUMBER>                     006
     <NAME>                       Federated North Carolina Municipal Income Fund

<S>                               <C>
<PERIOD-TYPE>                     12-Mos
<FISCAL-YEAR-END>                 Aug-31-2000
<PERIOD-END>                      Aug-31-2000
<INVESTMENTS-AT-COST>             39,868,190
<INVESTMENTS-AT-VALUE>            40,904,692
<RECEIVABLES>                     678,648
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              43,188
<TOTAL-ASSETS>                    41,626,528
<PAYABLE-FOR-SECURITIES>          0
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         177,331
<TOTAL-LIABILITIES>               177,331
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          41,427,014
<SHARES-COMMON-STOCK>             3,966,472
<SHARES-COMMON-PRIOR>             3,943,813
<ACCUMULATED-NII-CURRENT>         (1,431)
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           0
<OVERDISTRIBUTION-GAINS>          (1,012,888)
<ACCUM-APPREC-OR-DEPREC>          1,036,502
<NET-ASSETS>                      41,449,197
<DIVIDEND-INCOME>                 0
<INTEREST-INCOME>                 2,278,187
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (325,258)
<NET-INVESTMENT-INCOME>           1,952,929
<REALIZED-GAINS-CURRENT>          (853,544)
<APPREC-INCREASE-CURRENT>         960,631
<NET-CHANGE-FROM-OPS>             2,060,016
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (1,953,849)
<DISTRIBUTIONS-OF-GAINS>          (57,169)
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           719,365
<NUMBER-OF-SHARES-REDEEMED>       (719,002)
<SHARES-REINVESTED>               22,296
<NET-CHANGE-IN-ASSETS>            267,322
<ACCUMULATED-NII-PRIOR>           920
<ACCUMULATED-GAINS-PRIOR>         (103,607)
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             163,775
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   649,511
<AVERAGE-NET-ASSETS>              40,943,573
<PER-SHARE-NAV-BEGIN>             10.440
<PER-SHARE-NII>                   0.490
<PER-SHARE-GAIN-APPREC>           0.020
<PER-SHARE-DIVIDEND>              (0.490)
<PER-SHARE-DISTRIBUTIONS>         (0.010)
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               10.450
<EXPENSE-RATIO>                   0.79
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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