CORNERSTONE STRATEGIC RETURN FUND INC
NSAR-A, EX-27, 2000-08-21
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919898
<NAME> THE CORNERSTONE STRATEGIC RETURN FUND, INC.

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                         98987466
<INVESTMENTS-AT-VALUE>                       101326062
<RECEIVABLES>                                  4564501
<ASSETS-OTHER>                                  892021
<OTHER-ITEMS-ASSETS>                              8130
<TOTAL-ASSETS>                               106790714
<PAYABLE-FOR-SECURITIES>                      34521165
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       296109
<TOTAL-LIABILITIES>                           34817274
<SENIOR-EQUITY>                                   5878
<PAID-IN-CAPITAL-COMMON>                      67273786
<SHARES-COMMON-STOCK>                          5150287
<SHARES-COMMON-PRIOR>                          5792347
<ACCUMULATED-NII-CURRENT>                     (364470)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        2685184
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2373062
<NET-ASSETS>                                  71973440
<DIVIDEND-INCOME>                               481800
<INTEREST-INCOME>                               531805
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (912823)
<NET-INVESTMENT-INCOME>                         100782
<REALIZED-GAINS-CURRENT>                       3890615
<APPREC-INCREASE-CURRENT>                    (3974828)
<NET-CHANGE-FROM-OPS>                            16569
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                   (642060)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (6749291)
<ACCUMULATED-NII-PRIOR>                       (465252)
<ACCUMULATED-GAINS-PRIOR>                    (1205431)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           411352
<INTEREST-EXPENSE>                                9203
<GROSS-EXPENSE>                                 914466
<AVERAGE-NET-ASSETS>                          82722475
<PER-SHARE-NAV-BEGIN>                            13.59
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.97
<EXPENSE-RATIO>                                   2.22


</TABLE>


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