WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000890206
<NAME> INCOME & EQUITY FUND - C SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 4,373,910
<INVESTMENTS-AT-VALUE> 4,487,001
<RECEIVABLES> 105,529
<ASSETS-OTHER> 1,206
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,593,736
<PAYABLE-FOR-SECURITIES> 55,330
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,574
<TOTAL-LIABILITIES> 78,904
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,274,683
<SHARES-COMMON-STOCK> 203,924
<SHARES-COMMON-PRIOR> 181,937
<ACCUMULATED-NII-CURRENT> 20,309
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (58,523)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 89,765
<NET-ASSETS> 2,469,669
<DIVIDEND-INCOME> 11,747
<INTEREST-INCOME> 122,892
<OTHER-INCOME> 0
<EXPENSES-NET> 43,158
<NET-INVESTMENT-INCOME> 91,481
<REALIZED-GAINS-CURRENT> (57,842)
<APPREC-INCREASE-CURRENT> (23,326)
<NET-CHANGE-FROM-OPS> 10,313
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20,658
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,949
<NUMBER-OF-SHARES-REDEEMED> 68,610
<SHARES-REINVESTED> 2,029
<NET-CHANGE-IN-ASSETS> 892,428
<ACCUMULATED-NII-PRIOR> 1,675
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 681
<GROSS-ADVISORY-FEES> 16,384
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 82,302
<AVERAGE-NET-ASSETS> 1,557,755
<PER-SHARE-NAV-BEGIN> 10.15
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> (.14)
<PER-SHARE-DIVIDEND> (.14)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.09
<EXPENSE-RATIO> 0.80
</TABLE>
