MERRILL LYNCH AMERICAS INCOME FUND INC
NSAR-B, 1998-02-26
Previous: HANCOCK JOHN VARIABLE LIFE ACCOUNT S, 24F-2NT, 1998-02-26
Next: NEW YORK LIFE INS & ANNUITY CORP VAR UNIV LIFE SEP ACC I, NSAR-U, 1998-02-26



<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000906956
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MERRILL LYNCH AMERICAS INCOME FUND, INC.
001 B000000 811-7794
001 C000000 6092822800
002 A000000 P.O. BOX 9011
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9011
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 MERRILL LYNCH ASSET MANAGEMENT, L.P.
008 B000001 A
008 C000001 801-11583
008 D010001 PRINCETON
008 D020001 NJ
008 D030001 08543
008 D040001 9011
008 A000002 MERRILL LYNCH ASSET MANAGEMENT U.K., LTD.
008 B000002 S
008 C000002 801-31780
008 D010002 LONDON
008 D050002 ENGLAND
008 D060002 EC24 9LY
011 A000001 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B000001 8-14663
011 C010001 PRINCETON
011 C020001 NJ
011 C030001 08543
<PAGE>      PAGE  2
011 C040001 9011
012 A000001 MERRILL LYNCH FINANCIAL DATA SERVICES, INC.
012 B000001 84-01339
012 C010001 JACKSONVILLE
012 C020001 FL
012 C030001 32246
012 C040001 6484
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000001 8-7221
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
015 A000002 CITIBANK N.A.
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10015
015 E010002 X
015 A000003 BANK BOSTON
015 B000003 S
015 C010003 BOSTON
015 C020003 MA
015 C030003 02110
015 E010003 X
015 A000004 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000004 S
015 C010004 TORONTO
015 D010004 CANADA
015 E040004 X
015 A000005 DELETE
015 A000006 DELETE
015 A000009 CDS
015 B000009 S
015 C010009 CANADA
015 D010009 CANADA
015 E040009 X
015 A000010 CREDIT SUISSE
015 B000010 S
015 C010010 MOSCOW
015 D010010 RUSSIA
015 E040010 X
015 A000011 INDEVAL
015 B000011 S
015 C010011 MEXICO
<PAGE>      PAGE  3
015 D010011 MEXICO
015 E040011 X
015 A000012 CITIBANK, S.A.
015 B000012 S
015 C010012 MEXICO
015 D010012 MEXICO
015 E040012 X
015 A000014 CEDEL S.A.
015 B000014 S
015 C010014 LUXEMBOURG
015 D010014 LUXEMBOURG
015 E040014 X
015 A000015 EUROCLEAR
015 B000015 S
015 C010015 BELGIUM
015 D010015 BELGIUM
015 E040015 X
015 A000016 THE BANK OF NEW YORK
015 B000016 S
015 C010016 NEW YORK
015 C020016 NY
015 C030016 10015
015 E010016 X
015 A000017 BANKERS TRUST COMPANY
015 B000017 S
015 C010017 NEW YORK
015 C020017 NY
015 C030017 10006
015 E010017 X
015 A000018 DELETE
015 A000019 CUSTODIAL TRUST CO.
015 B000019 S
015 C010019 NEW YORK
015 C020019 NY
015 C030019 10167
015 E010019 X
015 A000020 MORGAN GUARANTEE TRUST CO.
015 B000020 S
015 C010020 NEW YORK
015 C020020 NY
015 C030020 10260
015 E010020 X
015 A000021 VTB
015 B000021 S
015 C010021 RUSSIA
015 D010021 RUSSIA
015 E040021 X
015 A000022 DELETE
015 A000023 CLC
015 B000023 S
015 C010023 BRAZIL
<PAGE>      PAGE  4
015 D010023 BRAZIL
015 E040023 X
015 A000024 BANK OF CANADA
015 B000024 S
015 C010024 CANADA
015 D010024 CANADA
015 E040024 X
015 A000025 BANCO DE MEXICO
015 B000025 S
015 C010025 MEXICO
015 D010025 MEXICO
015 E040025 X
015 A000026 CAVAL
015 B000026 S
015 C010026 PERU
015 D010026 PERU
015 E040026 X
018  000000 Y
019 A000000 Y
019 B000000  200
019 C000000 MERRILLLYN
020 A000001 GOLDMAN, SACHS & CO.
020 B000001 13-5108880
020 C000001     10
020 A000002 DEUTSCHE MORGAN GRENFELL INC.
020 B000002 13-2730828
020 C000002      2
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       12
022 A000001 HSBC SECURITIES, INC.
022 B000001 13-2650272
022 C000001   3553393
022 D000001      1547
022 A000002 MORGAN STANLEY & CO. INCORPORATED
022 B000002 13-2655998
022 C000002   1028290
022 D000002     31281
022 A000003 MORGAN (J.P.) SECURITIES INC.
022 B000003 13-3224016
022 C000003    388243
022 D000003    129164
022 A000004 ING BARING (U.S.) SECURITIES, INC.
022 C000004    186005
022 D000004    242285
<PAGE>      PAGE  5
022 A000005 GENERAL MOTORS ACCEPTANCE CORP.
022 C000005    370094
022 D000005         0
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006    208164
022 D000006    100495
022 A000007 GENERAL ELECTRIC CAPITAL CORP.
022 C000007    307996
022 D000007         0
022 A000008 CHASE SECURITIES INC.
022 B000008 13-3112953
022 C000008    159597
022 D000008    112212
022 A000009 SBC WARBURG INC.
022 B000009 13-3340045
022 C000009     57573
022 D000009    171149
022 A000010 PAINEWEBBER INCORPORATED
022 B000010 13-2638166
022 C000010    206262
022 D000010         0
023 C000000    7469181
023 D000000    1246597
024  000000 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000      4806
028 A020000       474
028 A030000         0
028 A040000     21183
028 B010000      2944
028 B020000       529
028 B030000         0
028 B040000      9575
028 C010000      2901
028 C020000       393
028 C030000         0
028 C040000     19981
028 D010000       944
028 D020000       322
028 D030000         0
028 D040000     46343
<PAGE>      PAGE  6
028 E010000      1192
028 E020000       242
028 E030000         0
028 E040000      5166
028 F010000      8190
028 F020000         0
028 F030000         0
028 F040000      3682
028 G010000     20977
028 G020000      1960
028 G030000         0
028 G040000    105930
028 H000000      5376
029  000000 Y
030 A000000     32
030 B000000  4.00
030 C000000  0.00
031 A000000      3
031 B000000      0
032  000000      0
033  000000     29
034  000000 Y
035  000000    533
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000 100
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000   1034
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.600
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
<PAGE>      PAGE  7
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
055 A000000 Y
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000        0
062 A000000 Y
062 B000000   0.0
062 C000000  48.7
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   4.8
062 H000000   0.0
<PAGE>      PAGE  8
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   3.1
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000  65.8
062 R000000   0.0
063 A000000   0
063 B000000 11.6
064 A000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 Y
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
<PAGE>      PAGE  9
070 Q020000 N
070 R010000 Y
070 R020000 Y
071 A000000   1031908
071 B000000   1194743
071 C000000    109459
071 D000000  943
072 A000000 12
072 B000000    13815
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000     1057
072 G000000       78
072 H000000        0
072 I000000      352
072 J000000       69
072 K000000        0
072 L000000      109
072 M000000       37
072 N000000       82
072 O000000        0
072 P000000      729
072 Q000000        0
072 R000000       33
072 S000000       31
072 T000000     1034
072 U000000       21
072 V000000        0
072 W000000        8
072 X000000     3640
072 Y000000        0
072 Z000000    10175
072AA000000    10143
072BB000000     2289
072CC010000        0
072CC020000    16505
072DD010000     2592
072DD020000     7584
072EE000000    11910
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        2
074 B000000        0
074 C000000    53461
074 D000000    68782
074 E000000        0
074 F000000        0
074 G000000        0
<PAGE>      PAGE  10
074 H000000        0
074 I000000        0
074 J000000        6
074 K000000        0
074 L000000     1526
074 M000000       37
074 N000000   123814
074 O000000    17709
074 P000000      112
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000     6130
074 S000000        0
074 T000000    99863
074 U010000     1766
074 U020000     8667
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000     7850
074 Y000000        0
075 A000000        0
075 B000000   172924
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 O000000 Y
078  000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000      600
081 A000000 Y
081 B000000 118
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000906956
<NAME> MERRILL LYNCH AMERICAS INCOME FUND, INC.
<SERIES>
   <NUMBER> 001
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        122252849
<INVESTMENTS-AT-VALUE>                       122242545
<RECEIVABLES>                                  1532387
<ASSETS-OTHER>                                   39181
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               123814113
<PAYABLE-FOR-SECURITIES>                      17709390
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      6241264
<TOTAL-LIABILITIES>                           23950654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     102673955
<SHARES-COMMON-STOCK>                           504361
<SHARES-COMMON-PRIOR>                          2476832
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (2876442)
<ACCUM-APPREC-OR-DEPREC>                         65946
<NET-ASSETS>                                   4842349
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             13814783
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (3639539)
<NET-INVESTMENT-INCOME>                       10175244
<REALIZED-GAINS-CURRENT>                       7854219
<APPREC-INCREASE-CURRENT>                   (16504979)
<NET-CHANGE-FROM-OPS>                          1524484
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1563878)
<DISTRIBUTIONS-OF-GAINS>                      (549426)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5151636
<NUMBER-OF-SHARES-REDEEMED>                  (7175214)
<SHARES-REINVESTED>                              51107
<NET-CHANGE-IN-ASSETS>                     (118315003)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1179500
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1056656
<INTEREST-EXPENSE>                              728996
<GROSS-EXPENSE>                                3639539
<AVERAGE-NET-ASSETS>                          24777561
<PER-SHARE-NAV-BEGIN>                            11.36
<PER-SHARE-NII>                                    .72
<PER-SHARE-GAIN-APPREC>                          (.54)
<PER-SHARE-DIVIDEND>                             (.72)
<PER-SHARE-DISTRIBUTIONS>                       (1.22)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.60
<EXPENSE-RATIO>                                   1.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000906956
<NAME> MERRILL LYNCH AMERICAS INCOME FUND, INC.
<SERIES>
   <NUMBER> 002
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        122252849
<INVESTMENTS-AT-VALUE>                       122242545
<RECEIVABLES>                                  1532387
<ASSETS-OTHER>                                   39181
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               123814113
<PAYABLE-FOR-SECURITIES>                      17709390
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      6241264
<TOTAL-LIABILITIES>                           23950654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     102673955
<SHARES-COMMON-STOCK>                          8225505
<SHARES-COMMON-PRIOR>                         14162649
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (2876442)
<ACCUM-APPREC-OR-DEPREC>                         65946
<NET-ASSETS>                                  78732985
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             13814783
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (3639539)
<NET-INVESTMENT-INCOME>                       10175244
<REALIZED-GAINS-CURRENT>                       7854219
<APPREC-INCREASE-CURRENT>                   (16504979)
<NET-CHANGE-FROM-OPS>                          1524484
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (7096209)
<DISTRIBUTIONS-OF-GAINS>                     (9443064)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3167804
<NUMBER-OF-SHARES-REDEEMED>                  (9925510)
<SHARES-REINVESTED>                             820562
<NET-CHANGE-IN-ASSETS>                     (118315003)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1179500
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1056656
<INTEREST-EXPENSE>                              728996
<GROSS-EXPENSE>                                3639539
<AVERAGE-NET-ASSETS>                         123199777
<PER-SHARE-NAV-BEGIN>                            11.31
<PER-SHARE-NII>                                    .63
<PER-SHARE-GAIN-APPREC>                          (.52)
<PER-SHARE-DIVIDEND>                             (.63)
<PER-SHARE-DISTRIBUTIONS>                       (1.22)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.57
<EXPENSE-RATIO>                                   2.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000906956
<NAME> MERRILL LYNCH AMERICAS INCOME FUND, INC.
<SERIES>
   <NUMBER> 003
   <NAME> CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        122252849
<INVESTMENTS-AT-VALUE>                       122242545
<RECEIVABLES>                                  1532387
<ASSETS-OTHER>                                   39181
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               123814113
<PAYABLE-FOR-SECURITIES>                      17709390
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      6241264
<TOTAL-LIABILITIES>                           23950654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     102673955
<SHARES-COMMON-STOCK>                           441099
<SHARES-COMMON-PRIOR>                          1011067
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (2876442)
<ACCUM-APPREC-OR-DEPREC>                         65946
<NET-ASSETS>                                   4221731
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             13814783
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (3639539)
<NET-INVESTMENT-INCOME>                       10175244
<REALIZED-GAINS-CURRENT>                       7854219
<APPREC-INCREASE-CURRENT>                   (16504979)
<NET-CHANGE-FROM-OPS>                          1524484
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (487460)
<DISTRIBUTIONS-OF-GAINS>                      (499809)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         402764
<NUMBER-OF-SHARES-REDEEMED>                  (1027069)
<SHARES-REINVESTED>                              54337
<NET-CHANGE-IN-ASSETS>                     (118315003)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1179500
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1056656
<INTEREST-EXPENSE>                              728996
<GROSS-EXPENSE>                                3639539
<AVERAGE-NET-ASSETS>                           8637824
<PER-SHARE-NAV-BEGIN>                            11.31
<PER-SHARE-NII>                                    .63
<PER-SHARE-GAIN-APPREC>                          (.52)
<PER-SHARE-DIVIDEND>                             (.63)
<PER-SHARE-DISTRIBUTIONS>                       (1.22)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.57
<EXPENSE-RATIO>                                   2.23
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000906956
<NAME> MERRILL LYNCH AMERICAS INCOME FUND, INC.
<SERIES>
   <NUMBER> 004
   <NAME> CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        122252849
<INVESTMENTS-AT-VALUE>                       122242545
<RECEIVABLES>                                  1532387
<ASSETS-OTHER>                                   39181
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               123814113
<PAYABLE-FOR-SECURITIES>                      17709390
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      6241264
<TOTAL-LIABILITIES>                           23950654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     102673955
<SHARES-COMMON-STOCK>                          1261248
<SHARES-COMMON-PRIOR>                          1627563
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (2876442)
<ACCUM-APPREC-OR-DEPREC>                         65946
<NET-ASSETS>                                  12066394
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             13814783
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (3639539)
<NET-INVESTMENT-INCOME>                       10175244
<REALIZED-GAINS-CURRENT>                       7854219
<APPREC-INCREASE-CURRENT>                   (16504979)
<NET-CHANGE-FROM-OPS>                          1524484
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1027697)
<DISTRIBUTIONS-OF-GAINS>                     (1417862)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1067222
<NUMBER-OF-SHARES-REDEEMED>                  (1573362)
<SHARES-REINVESTED>                             139825
<NET-CHANGE-IN-ASSETS>                     (118315003)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1179500
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1056656
<INTEREST-EXPENSE>                              728996
<GROSS-EXPENSE>                                3639539
<AVERAGE-NET-ASSETS>                          16309110
<PER-SHARE-NAV-BEGIN>                            11.31
<PER-SHARE-NII>                                    .69
<PER-SHARE-GAIN-APPREC>                          (.52)
<PER-SHARE-DIVIDEND>                             (.69)
<PER-SHARE-DISTRIBUTIONS>                       (1.22)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.57
<EXPENSE-RATIO>                                   1.73
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission