<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> 50554693
<INVESTMENTS-AT-VALUE> 51756248
<RECEIVABLES> 936489
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 52692737
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50306
<TOTAL-LIABILITIES> 50306
<SENIOR-EQUITY> 17350000
<PAID-IN-CAPITAL-COMMON> 32303603
<SHARES-COMMON-STOCK> 3460000
<SHARES-COMMON-PRIOR> 3460000
<ACCUMULATED-NII-CURRENT> 1965312
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (160039)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1201555
<NET-ASSETS> 52642431
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1556900
<OTHER-INCOME> 0
<EXPENSES-NET> 193499
<NET-INVESTMENT-INCOME> 1363401
<REALIZED-GAINS-CURRENT> (160031)
<APPREC-INCREASE-CURRENT> 85106
<NET-CHANGE-FROM-OPS> 1288476
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1182196<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> 106280
<ACCUMULATED-NII-PRIOR> 1784107
<ACCUMULATED-GAINS-PRIOR> (8)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 65158
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 193499
<AVERAGE-NET-ASSETS> 52412756
<PER-SHARE-NAV-BEGIN> 10.17
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> 0.35<F2>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.20
<EXPENSE-RATIO> 1.11
<FN>
<F1>Distributions from income to common shareholders = $851,160; distributions from
income to preferred shareholders = $331,036
<F2>Distributions per share from income to common shareholders = $0.25;
distributions per share from income to preferred shareholders = $0.10
</FN>
</TABLE>
