VANGUARD/WELLESLEY INCOME FUND INC
NSAR-A, 1995-08-21
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001 A000000 VANGUARD/WELLESLEY INCOME FUND, INC.
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002 A000000 100 VANGUARD BOULEVARD
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020 A000001 FRANK RUSSELL SECURITIES, INC.
020 B000001 91-0604935
020 C000001    158
020 A000002 FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002    152
020 A000003 SALOMON BROTHERS
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020 C000003     96
020 A000004 PRUDENTIAL SECURITIES INCORPORATED
020 B000004 22-2347336
020 C000004     67
020 A000005 BEAR STEARNS & CO.
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020 A000006 LEHMAN BROTHERS INC.
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020 A000007 BROWN BROTHERS HARRIMAN & CO.
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020 C000007     54
020 A000008 JANNEY MONTGOMERY SCOTT INC.
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020 A000009 PAINEWEBBER INCORPORATED
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020 A000010 STURDIVANT & CO., INC.
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022 A000006 MERRILL LYNCH PIERCE FENNER & SMITH
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SIGNATURE   GARY P. SOURA                                
TITLE                           
 


<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000105544
<NAME> VANGUARD/WELLESLEY INCOME FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          6072070
<INVESTMENTS-AT-VALUE>                         6443363
<RECEIVABLES>                                   136041
<ASSETS-OTHER>                                     877
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 6580281
<PAYABLE-FOR-SECURITIES>                         44581
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        46717
<TOTAL-LIABILITIES>                              91298
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       6068509
<SHARES-COMMON-STOCK>                           337306
<SHARES-COMMON-PRIOR>                           333157
<ACCUMULATED-NII-CURRENT>                        10483
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          38698
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                   6488983
<DIVIDEND-INCOME>                                53160
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<EQUALIZATION>                                   (122)
<DISTRIBUTIONS-OF-INCOME>                       186687
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          26870
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<GROSS-ADVISORY-FEES>                             2268
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  11574
<AVERAGE-NET-ASSETS>                           6091004
<PER-SHARE-NAV-BEGIN>                            17.05
<PER-SHARE-NII>                                   0.55
<PER-SHARE-GAIN-APPREC>                           2.20
<PER-SHARE-DIVIDEND>                              0.56
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                  0.004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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