VALUE LINE INCOME FUND INC
NSAR-A, 1997-08-20
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000 C000000 0000102757
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000 J000000 A
001 A000000 THE VALUE LINE INCOME FUND, INC.
001 B000000 811-612
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002 A000000 220 EAST 42ND STREET
002 B000000 NEW YORK
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012 A000001 STATE STREET BANK AND TRUST COMPANY C/O NFDS
012 B000001 84-1
012 C010001 KANSAS CITY
012 C020001 MO
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013 A000001 PRICE WATERHOUSE LLP
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020 A000002 RBC DOMINION SECURITIES CORP.
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020 A000003 FAGENSON & COMPANY INC.
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022 A000010 ROBINSON HUMPHREY COMPANY, INC. (THE)
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SIGNATURE   JACK M. HOUSTON                              
TITLE       ASST-TREASURER      
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000102757
<NAME> VALUE LINE INCOME FUND, INC.
<SERIES>
   <NUMBER> 
   <NAME> 
<MULTIPLIER> 1000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           128118
<INVESTMENTS-AT-VALUE>                          155965
<RECEIVABLES>                                      439
<ASSETS-OTHER>                                      66
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  156470
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          372
<TOTAL-LIABILITIES>                                372
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        121674
<SHARES-COMMON-STOCK>                            19405
<SHARES-COMMON-PRIOR>                            19964
<ACCUMULATED-NII-CURRENT>                           39
<OVERDISTRIBUTION-NII>                               0
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<NET-ASSETS>                                    156098
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<PER-SHARE-NII>                                    .08
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</TABLE>


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