LINCOLN NATIONAL EQUITY INCOME FUND INC
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000914512
<NAME> LINCOLN NATIONAL EQUITY INCOME FUND INC.

<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                      731,561,426
<INVESTMENTS-AT-VALUE>                     792,492,374
<RECEIVABLES>                               19,286,694
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                          (32,097)
<TOTAL-ASSETS>                             811,746,946
<PAYABLE-FOR-SECURITIES>                    12,857,457
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                         12,857,457
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   737,555,356
<SHARES-COMMON-STOCK>                       51,872,080
<SHARES-COMMON-PRIOR>                       44,939,395
<ACCUMULATED-NII-CURRENT>                    4,175,397
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,766,131)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    60,924,867
<NET-ASSETS>                               798,889,489
<DIVIDEND-INCOME>                            5,788,592
<INTEREST-INCOME>                              903,922
<OTHER-INCOME>                                 (1,111)
<EXPENSES-NET>                               3,463,678
<NET-INVESTMENT-INCOME>                      3,227,736
<REALIZED-GAINS-CURRENT>                    13,218,404
<APPREC-INCREASE-CURRENT>                 (45,956,302)
<NET-CHANGE-FROM-OPS>                     (29,510,162)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   233,972,872
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        266,460
<NUMBER-OF-SHARES-REDEEMED>                  7,905,169
<SHARES-REINVESTED>                         14,571,394
<NET-CHANGE-IN-ASSETS>                   (191,868,866)
<ACCUMULATED-NII-PRIOR>                        929,784
<ACCUMULATED-GAINS-PRIOR>                  217,006,214
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,137,004
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,463,678
<AVERAGE-NET-ASSETS>                       859,669,526
<PER-SHARE-NAV-BEGIN>                           22.047
<PER-SHARE-NII>                                  0.078
<PER-SHARE-GAIN-APPREC>                        (0.498)
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        6.226
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             15.401
<EXPENSE-RATIO>                                   0.81




</TABLE>


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