<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FIRST
EXCHANGE SERIES - AT&T SHARES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      348,494,818
<INVESTMENTS-AT-VALUE>                   1,471,293,175
<RECEIVABLES>                                4,740,110
<ASSETS-OTHER>                               2,808,808
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,478,842,093
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,936,092
<TOTAL-LIABILITIES>                          3,936,092
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   348,472,681
<SHARES-COMMON-STOCK>                       16,670,493
<SHARES-COMMON-PRIOR>                       17,701,839
<ACCUMULATED-NII-CURRENT>                    3,634,963
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                 1,122,798,357
<NET-ASSETS>                             1,474,906,001
<DIVIDEND-INCOME>                           46,877,031
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 561,184
<NET-INVESTMENT-INCOME>                     46,315,847
<REALIZED-GAINS-CURRENT>                    46,437,769
<APPREC-INCREASE-CURRENT>                  360,160,015
<NET-CHANGE-FROM-OPS>                      452,913,631
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   47,658,113
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                  1,031,346
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     336,639,529
<ACCUMULATED-NII-PRIOR>                      5,122,149
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            0.000
<PER-SHARE-NII>                                  0.000
<PER-SHARE-GAIN-APPREC>                          0.000
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              0.000
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>