AFD EXCHANGE RESERVES INC
NSAR-A, EX-27, 2000-05-30
Previous: AFD EXCHANGE RESERVES INC, NSAR-A, EX-27, 2000-05-30
Next: AFD EXCHANGE RESERVES INC, N-30D, 2000-05-30


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000917713
<NAME> AFD EXCHANGE RESERVES, INC.
<SERIES>
   <NUMBER> 004
   <NAME> AFD EXCHANGE RESERVES, INC.

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-30-2000
<INVESTMENTS-AT-COST>                    1,025,559,993
<INVESTMENTS-AT-VALUE>                   1,025,559,993
<RECEIVABLES>                                4,972,829
<ASSETS-OTHER>                               7,201,807
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,037,734,629
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,152,366
<TOTAL-LIABILITIES>                          3,152,366
<SENIOR-EQUITY>                              1,034,539
<PAID-IN-CAPITAL-COMMON>                 1,033,504,849
<SHARES-COMMON-STOCK>                        7,646,731
<SHARES-COMMON-PRIOR>                       11,575,860
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         42,875
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             1,034,582,263
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           20,513,511
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (4,138,806)
<NET-INVESTMENT-INCOME>                     16,374,705
<REALIZED-GAINS-CURRENT>                        36,558
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       16,411,263
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (169,175)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    235,425,952
<NUMBER-OF-SHARES-REDEEMED>              (239,524,256)
<SHARES-REINVESTED>                            169,175
<NET-CHANGE-IN-ASSETS>                     337,519,820
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        6,317
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          892,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,139,000
<AVERAGE-NET-ASSETS>                         6,296,215
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .45
[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