PRINCIPAL SPECIAL MARKETS FUND INC
NSAR-A, EX-27.MBS, 2000-08-16
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<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>                        5,488,114
<INVESTMENTS-AT-VALUE>                       5,386,898
<RECEIVABLES>                                   26,972
<ASSETS-OTHER>                                     127
<OTHER-ITEMS-ASSETS>                            10,225
<TOTAL-ASSETS>                               5,424,222
<PAYABLE-FOR-SECURITIES>                       201,188
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          191
<TOTAL-LIABILITIES>                            201,379
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     6,532,906
<SHARES-COMMON-STOCK>                          532,981
<SHARES-COMMON-PRIOR>                          515,431
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,208,847)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (101,216)
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<INTEREST-INCOME>                              181,585
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (11,226)
<NET-INVESTMENT-INCOME>                        170,359
<REALIZED-GAINS-CURRENT>                       (5,591)
<APPREC-INCREASE-CURRENT>                       13,231
<NET-CHANGE-FROM-OPS>                          177,999
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (170,359)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                             17,550
<NET-CHANGE-IN-ASSETS>                         177,999
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (1,203,256)
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                           11,226
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 11,226
<AVERAGE-NET-ASSETS>                         5,073,160
<PER-SHARE-NAV-BEGIN>                             9.79
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<PER-SHARE-GAIN-APPREC>                            .01
<PER-SHARE-DIVIDEND>                             (.33)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.80
<EXPENSE-RATIO>                                    .45


</TABLE>


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