<ARTICLE> 6 <RESTATED> <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 <PERIOD-END> MAR-31-1999 MAR-31-1998 <INVESTMENTS-AT-COST> 397,073,916 381,099,055 <INVESTMENTS-AT-VALUE> 400,644,126 384,063,972 <RECEIVABLES> 16,607,689 15,500,593 <ASSETS-OTHER> 2,487,257 3,229,568 <OTHER-ITEMS-ASSETS> 21,030,056 19,431,109 <TOTAL-ASSETS> 435,486,127 422,225,242 <PAYABLE-FOR-SECURITIES> 0 0 <SENIOR-LONG-TERM-DEBT> 41,590,000 41,590,000 <OTHER-ITEMS-LIABILITIES> 241,198,360 232,420,712 <TOTAL-LIABILITIES> 282,788,360 274,010,712 <SENIOR-EQUITY> 140,138 140,138 <PAID-IN-CAPITAL-COMMON> 141,376,068 141,376,068 <SHARES-COMMON-STOCK> 14,013,768 14,013,768 <SHARES-COMMON-PRIOR> 14,013,768 13,908,916 <ACCUMULATED-NII-CURRENT> 11,181,651 6,698,324 <OVERDISTRIBUTION-NII> 0 0 <ACCUMULATED-NET-GAINS> 0 0 <OVERDISTRIBUTION-GAINS> 0 0 <ACCUM-APPREC-OR-DEPREC> 0 0 <NET-ASSETS> 152,697,767 148,214,530 <DIVIDEND-INCOME> 0 0 <INTEREST-INCOME> 9,379,876 35,156,636 <OTHER-INCOME> 1,682,922 5,697,836 <EXPENSES-NET> 3,699,737 13,683,939 <NET-INVESTMENT-INCOME> 3,124,578 11,715,047 <REALIZED-GAINS-CURRENT> 804,822 1,290,743 <APPREC-INCREASE-CURRENT> 605,293 2,675,923 <NET-CHANGE-FROM-OPS> 4,483,237 15,681,713 <EQUALIZATION> 0 0 <DISTRIBUTIONS-OF-INCOME> 0 16,772,240 <DISTRIBUTIONS-OF-GAINS> 0 0 <DISTRIBUTIONS-OTHER> 0 0 <NUMBER-OF-SHARES-SOLD> 0 0 <NUMBER-OF-SHARES-REDEEMED> 0 0 <SHARES-REINVESTED> 0 0 <NET-CHANGE-IN-ASSETS> 0 0 <ACCUMULATED-NII-PRIOR> 6,698,324 5,530,771 <ACCUMULATED-GAINS-PRIOR> 0 0 <OVERDISTRIB-NII-PRIOR> 0 0 <OVERDIST-NET-GAINS-PRIOR> 0 0 <GROSS-ADVISORY-FEES> 61,760 225,000 <INTEREST-EXPENSE> 4,238,483 15,609,024 <GROSS-EXPENSE> 7,938,220 29,292,963 <AVERAGE-NET-ASSETS> 0 0 <PER-SHARE-NAV-BEGIN> 10.84 10.48 <PER-SHARE-NII> 0 0 <PER-SHARE-GAIN-APPREC> 0 0 <PER-SHARE-DIVIDEND> 0 0 <PER-SHARE-DISTRIBUTIONS> 0 0 <RETURNS-OF-CAPITAL> 0 0 <PER-SHARE-NAV-END> 0 0 <EXPENSE-RATIO> 0 0 <AVG-DEBT-OUTSTANDING> 0 0 <AVG-DEBT-PER-SHARE> 0 0