<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Fechtor,
Detwiler, Mitchell & Co.'s Form 10-Q and is qualified in its entirety by
reference to such Form 10-Q filing.
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                        1,315,135
<INVESTMENTS-AT-VALUE>                         815,135
<RECEIVABLES>                               13,769,964
<ASSETS-OTHER>                               5,629,654
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,214,753
<PAYABLE-FOR-SECURITIES>                     7,084,467
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,620,604
<TOTAL-LIABILITIES>                         11,705,071
<SENIOR-EQUITY>                                129,165
<PAID-IN-CAPITAL-COMMON>                     7,103,286
<SHARES-COMMON-STOCK>                       12,781,251
<SHARES-COMMON-PRIOR>                       12,781,251
<ACCUMULATED-NII-CURRENT>                      164,769
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 8,509,682
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              276,866
<OTHER-INCOME>                                 137,583
<EXPENSES-NET>                               5,650,905
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         164,769
<ACCUMULATED-NII-PRIOR>                      8,344,913
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                              90,489
<GROSS-EXPENSE>                              5,650,905
<AVERAGE-NET-ASSETS>                         8,427,298
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                .67
<EXPENSE-RATIO>                                      0


</TABLE>