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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000202662
<NAME> THE MUNICIPAL FUND ACCUMULATION PROGRAM, INC.

<S>                             <C>
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<PERIOD-END>                               JUN-30-1999
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[AVG-DEBT-OUTSTANDING]                               0
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</TABLE>