<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-2001
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 86769208
<INVESTMENTS-AT-VALUE> 86801092
<RECEIVABLES> 1506448
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88307540
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107530
<TOTAL-LIABILITIES> 107530
<SENIOR-EQUITY> 31100000
<PAID-IN-CAPITAL-COMMON> 58045629
<SHARES-COMMON-STOCK> 4146743
<SHARES-COMMON-PRIOR> 4146743
<ACCUMULATED-NII-CURRENT> 747562
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1725065)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31884
<NET-ASSETS> 88200010
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2457071
<OTHER-INCOME> 0
<EXPENSES-NET> 362044
<NET-INVESTMENT-INCOME> 2095027
<REALIZED-GAINS-CURRENT> 380571
<APPREC-INCREASE-CURRENT> 2919707
<NET-CHANGE-FROM-OPS> 5395305
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2292877<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> 3102428
<ACCUMULATED-NII-PRIOR> 945412
<ACCUMULATED-GAINS-PRIOR> (2105636)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 149407
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 362044
<AVERAGE-NET-ASSETS> 86665388
<PER-SHARE-NAV-BEGIN> 13.02
<PER-SHARE-NII> .51
<PER-SHARE-GAIN-APPREC> .80
<PER-SHARE-DIVIDEND> .56<F2>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.77
<EXPENSE-RATIO> 0.84
<FN>
<F1>tag 42 - Income distribution to common = 1648330; to preferred = 644547
<F2>tag 60 - Income distribution per share to common = .40; to preferred = .15
</FN>
</TABLE>
