<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> 85655111
<INVESTMENTS-AT-VALUE> 87586637
<RECEIVABLES> 1587848
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89174485
<PAYABLE-FOR-SECURITIES> 1016845
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56697
<TOTAL-LIABILITIES> 1073542
<SENIOR-EQUITY> 28800000
<PAID-IN-CAPITAL-COMMON> 53528906
<SHARES-COMMON-STOCK> 5732710
<SHARES-COMMON-PRIOR> 5732710
<ACCUMULATED-NII-CURRENT> 4121158
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (280647)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1931526
<NET-ASSETS> 88100943
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2640343
<OTHER-INCOME> 0
<EXPENSES-NET> 299652
<NET-INVESTMENT-INCOME> 2340691
<REALIZED-GAINS-CURRENT> 3916
<APPREC-INCREASE-CURRENT> (495689)
<NET-CHANGE-FROM-OPS> 1848918
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2061276<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> (212358)
<ACCUMULATED-NII-PRIOR> 3841743
<ACCUMULATED-GAINS-PRIOR> (284563)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 109437
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 299652
<AVERAGE-NET-ASSETS> 88030678
<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> 0.36<F2>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.34
<EXPENSE-RATIO> 1.01
<FN>
<F1>Distributions from income to common shareholders = $1,458,975; distributions
from income to preferred shareholders = $602,301
<F2>Dividends per share from income to common shareholders = $0.25; dividends per
share from income to preferred shareholders = $0.11
</FN>
</TABLE>
