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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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SIGNATURE THOMAS G. ROSE
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> SELIGMAN INCOME FUND - CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 370944
<INVESTMENTS-AT-VALUE> 398304
<RECEIVABLES> 5515
<ASSETS-OTHER> 3123
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 406942
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1934
<TOTAL-LIABILITIES> 1934
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 375505
<SHARES-COMMON-STOCK> 21753<F1>
<SHARES-COMMON-PRIOR> 21944<F1>
<ACCUMULATED-NII-CURRENT> 132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3012
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27359
<NET-ASSETS> 318307<F1>
<DIVIDEND-INCOME> 5215<F1>
<INTEREST-INCOME> 14272<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (3056)<F1>
<NET-INVESTMENT-INCOME> 16431<F1>
<REALIZED-GAINS-CURRENT> 10305
<APPREC-INCREASE-CURRENT> 40073
<NET-CHANGE-FROM-OPS> 70372
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (16608)<F1>
<DISTRIBUTIONS-OF-GAINS> (5855)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4666<F1>
<NUMBER-OF-SHARES-REDEEMED> (5967)<F1>
<SHARES-REINVESTED> 1110<F1>
<NET-CHANGE-IN-ASSETS> 50706
<ACCUMULATED-NII-PRIOR> 254
<ACCUMULATED-GAINS-PRIOR> 108
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1464<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3056<F1>
<AVERAGE-NET-ASSETS> 305163<F1>
<PER-SHARE-NAV-BEGIN> 13.05<F1>
<PER-SHARE-NII> .76<F1>
<PER-SHARE-GAIN-APPREC> 1.88<F1>
<PER-SHARE-DIVIDEND> (.78)<F1>
<PER-SHARE-DISTRIBUTIONS> (.28)<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 14.63<F1>
<EXPENSE-RATIO> 1.00<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other data are fund level.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 004
<NAME> SELIGMAN INCOME FUND - CLASS D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 370944
<INVESTMENTS-AT-VALUE> 398304
<RECEIVABLES> 5515
<ASSETS-OTHER> 3123
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 406942
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1934
<TOTAL-LIABILITIES> 1934
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 375505
<SHARES-COMMON-STOCK> 5338<F1>
<SHARES-COMMON-PRIOR> 5223<F1>
<ACCUMULATED-NII-CURRENT> 132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3012
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27359
<NET-ASSETS> 86701<F1>
<DIVIDEND-INCOME> 1322<F1>
<INTEREST-INCOME> 3627<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (1386)<F1>
<NET-INVESTMENT-INCOME> 3563<F1>
<REALIZED-GAINS-CURRENT> 10305
<APPREC-INCREASE-CURRENT> 40073
<NET-CHANGE-FROM-OPS> 70372
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3554)<F1>
<DISTRIBUTIONS-OF-GAINS> (1590)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2106<F1>
<NUMBER-OF-SHARES-REDEEMED> (1687)<F1>
<SHARES-REINVESTED> 298<F1>
<NET-CHANGE-IN-ASSETS> 50706
<ACCUMULATED-NII-PRIOR> 254
<ACCUMULATED-GAINS-PRIOR> 108
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 372<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1386<F1>
<AVERAGE-NET-ASSETS> 77488<F1>
<PER-SHARE-NAV-BEGIN> 13.01<F1>
<PER-SHARE-NII> .65<F1>
<PER-SHARE-GAIN-APPREC> 1.87<F1>
<PER-SHARE-DIVIDEND> (.65)<F1>
<PER-SHARE-DISTRIBUTIONS> (.28)<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 14.60<F1>
<EXPENSE-RATIO> 1.79<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other data are fund level.
</FN>
</TABLE>
INDEPENDENT AUDITORS' REPORT
The Board of Directors and Shareholders
Seligman Income Fund, Inc.
In planning and performing our audit of the financial statements of Seligman
Income Fund, Inc. (the "Fund") for the year ended December 31, 1995, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
February 2, 1996
SELIGMAN INCOME FUND, INC.
NSAR - Item 77C
PROXY RESULTS
- --------------------------------------------------------------------------------
Seligman Income Fund Shareholders voted on the following proposals at the
Special Meeting of Shareholders held on December 12, 1995, in New York, New
York. Each Director was elected, and all other proposals were approved. The
description of each proposal and number of shares voted are as follows:
FOR AGAINST NON-VOTE
--- ------- --------
Election of Directors:
Fred E. Brown 15,946,062 426,117 10,890,954
John R. Galvin 15,930,574 438,971 10,890,963
Alice S. Ilchman 15,960,658 416,494 10,890,949
Frank A. McPherson 15,954,192 420,203 10,890,961
John E. Merow 15,940,479 437,335 10,890,959
Betsy S. Michel 15,966,339 415,836 10,890,947
William C. Morris 15,975,444 408,871 10,890,948
James C. Pitney 15,971,929 407,638 10,890,948
James Q. Riordan 15,950,875 417,741 10,890,960
Ronald T. Schroeder 15,976,763 406,380 10,890,947
Robert L. Shafer 15,973,044 406,696 10,890,948
James N. Whitson 15,974,281 406,702 10,890,948
Brian T. Zino 15,972,907 409,516 10,890,947
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN NON-VOTE
--- ------- ------- --------
<S> <C> <C> <C> <C>
Ratification of Deloitte & Touche LLP as
independent auditors: 15,599,126 189,322 597,178 10,890,945
Approval of amendment to the Management
Agreement to increase management fee
payable by the Fund: 11,639,399 3,530,814 1,215,413 10,890,945
Approval of amendment to the Subadvisory
Agreement to increase the subadvisory fee payable
by J. & W. Seligman & Co. Incorporated: 11,689,152 3,385,959 1,310,512 10,890,948
Approval of amendment of Fund's fundamental
investment policy to increase the amount that may
be borrowed to 15% of the market value of the
Fund's total assets: 13,451,956 1,891,397 1,042,218 10,890,999
Approval of amendment of Fund's fundamental
investment policy to permit mortgaging or
pledging of its assets: 12,995,409 2,163,549 1,226,660 10,890,953
Approval of amendment of Fund's fundamental
investment policy with respect to investments in
real estate investment trusts: 13,820,605 1,496,126 1,068,895 10,890,945
</TABLE>
