<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MUNICIPAL ADVANTAGE FUND INC. ANNUAL REPORT FOR THE YEAR ENDED OCTOBER 31, 2000.
</LEGEND>
<CIK> 0000897951
<NAME> MUNICIPAL ADVANTAGE FUND INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 149,030,393
<INVESTMENTS-AT-VALUE> 149,790,410
<RECEIVABLES> 5,738,554
<ASSETS-OTHER> 50,371
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 155,579,335
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 801,029
<TOTAL-LIABILITIES> 801,029
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100,625,610
<SHARES-COMMON-STOCK> 7,257,093
<SHARES-COMMON-PRIOR> 7,257,093
<ACCUMULATED-NII-CURRENT> 25,349
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,632,670)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 760,017
<NET-ASSETS> 154,778,306
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,998,636
<OTHER-INCOME> 0
<EXPENSES-NET> 1,387,301<F1>
<NET-INVESTMENT-INCOME> 7,611,335
<REALIZED-GAINS-CURRENT> (768,489)
<APPREC-INCREASE-CURRENT> 5,111,802
<NET-CHANGE-FROM-OPS> 11,954,648
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,839,058
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,115,590
<ACCUMULATED-NII-PRIOR> 253,072
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 908,977
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,391,500
<AVERAGE-NET-ASSETS> 159,496,201
<PER-SHARE-NAV-BEGIN> 13.18
<PER-SHARE-NII> 1.05
<PER-SHARE-GAIN-APPREC> 0.60
<PER-SHARE-DIVIDEND> (1.08)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.75
<EXPENSE-RATIO> 1.44
<FN>
<F1>GROSS OF EXPENSE OFFSET OF $4,199.
</FN>
</TABLE>
