WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 127423555
<INVESTMENTS-AT-VALUE> 131389382
<RECEIVABLES> 2596864
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 133986246
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1396116
<TOTAL-LIABILITIES> 1396116
<SENIOR-EQUITY> 42500000
<PAID-IN-CAPITAL-COMMON> 78933111
<SHARES-COMMON-STOCK> 8455000
<SHARES-COMMON-PRIOR> 8455000
<ACCUMULATED-NII-CURRENT> 6916975
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 274217
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3965827
<NET-ASSETS> 132590130
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3825428
<OTHER-INCOME> 0
<EXPENSES-NET> 427120
<NET-INVESTMENT-INCOME> 3398308
<REALIZED-GAINS-CURRENT> 274217
<APPREC-INCREASE-CURRENT> (1006402)
<NET-CHANGE-FROM-OPS> 2666123
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3182656<F1>
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (516533)
<ACCUMULATED-NII-PRIOR> 6701323
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 164932
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 427120
<AVERAGE-NET-ASSETS> 132671460
<PER-SHARE-NAV-BEGIN> 10.72
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> (0.08)
<PER-SHARE-DIVIDEND> 0.38<F2>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.66
<EXPENSE-RATIO> 0.95
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<FN>
<F1>Distribuions to common 2,291,305; to preferred 891,351
<F2>Dividends per share to common 0.27; to preferred 0.11
</FN>
</TABLE>
