CLARION CMBS VALUE FUND INC
NSAR-B, EX-27, 2001-01-03
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000934588
<NAME> CLARION CMBS VALUE FUND, INC.

<S>                             <C>
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<PERIOD-END>                               OCT-31-2000
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<SHARES-COMMON-STOCK>                         12141589
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                              0
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<NET-CHANGE-IN-ASSETS>                         4504815
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<EXPENSE-RATIO>                                   0.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


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