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SIGNATURE MR. KEN LARSEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from statement of
assets and liabilities, statement of operations, and statement of changes and is
qualified in its entirety by reference to such financial statements
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 54,866,138
<INVESTMENTS-AT-VALUE> 56,488,058
<RECEIVABLES> 1,055,318
<ASSETS-OTHER> 671
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57,544,047
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 114,719
<TOTAL-LIABILITIES> 114,719
<SENIOR-EQUITY> 20,000,000
<PAID-IN-CAPITAL-COMMON> 35,478,065
<SHARES-COMMON-STOCK> 2,594,700
<SHARES-COMMON-PRIOR> 2,594,700
<ACCUMULATED-NII-CURRENT> 357,764
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (28,421)
<ACCUM-APPREC-OR-DEPREC> 1,621,920
<NET-ASSETS> 57,429,328
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,533,729
<OTHER-INCOME> 0
<EXPENSES-NET> 472,698
<NET-INVESTMENT-INCOME> 3,061,031
<REALIZED-GAINS-CURRENT> 131,577
<APPREC-INCREASE-CURRENT> 536,027
<NET-CHANGE-FROM-OPS> 3,728,635
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,179,833)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 548,802
<ACCUMULATED-NII-PRIOR> 476,566
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (159,998)
<GROSS-ADVISORY-FEES> 232,200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 475,405
<AVERAGE-NET-ASSETS> 57,968,981
<PER-SHARE-NAV-BEGIN> 14.21
<PER-SHARE-NII> 1.18
<PER-SHARE-GAIN-APPREC> 0.26
<PER-SHARE-DIVIDEND> (1.22)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.33
<EXPENSE-RATIO> 1
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
