FLAG INVESTORS REAL ESTATE SECURITIES FUND INC
NSAR-A, 1999-08-30
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SIGNATURE   CHARLES RIZZO
TITLE       VICE PRESIDENT


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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922844
<NAME> REAL ESTATE - A

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922844
<NAME> REAL ESTATE - B

<S>                             <C>
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<PER-SHARE-NAV-END>                              12.25
<EXPENSE-RATIO>                                   2.00


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922844
<NAME> REAL ESTATE - INST

<S>                             <C>
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<EXPENSE-RATIO>                                   1.00


</TABLE>


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