NICHOLAS INCOME FUND INC
NSAR-B, 2000-02-29
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<PAGE>      PAGE  1
000 B000000 12/31/1999
000 C000000 0000107822
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 6.1
000 J000000 U
001 A000000 NICHOLAS INCOME FUND, INC.
001 B000000 811-216
001 C000000 4142724650
002 A000000 700 N. WATER STREET, SUITE 1010
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
002 D020000 4276
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007 C011000 10
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60601
013 B040001 6710
015 A000001 FIRSTAR BANK, N.A.
015 B000001 C
015 C010001 MILWAUKEE
015 C020001 WI
015 C030001 53202
015 E010001 X
022 A000001 FIRSTAR BANK MILWAUKEE, N.A.
022 B000001 39-0281225
022 C000001    186338
022 D000001     78731
022 A000002 BROOKSTREET SECURITIES
022 B000002 95-3749772
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<PAGE>      PAGE  2
022 D000002     27152
022 A000003 MARSHALL & ILSLEY BANK
022 B000003 39-1610688
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022 A000004 SOUTHWEST SECURITIES GROUP
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022 A000005 SALOMON SMITH BARNEY
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<PAGE>      PAGE  5
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SIGNATURE   THOMAS J. SAEGER
TITLE       EXEC VICE PRESIDENT



<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
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<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                        219655175
<INVESTMENTS-AT-VALUE>                       197461031
<RECEIVABLES>                                  5452340
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                               202913371
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       138703
<TOTAL-LIABILITIES>                             138703
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                         66314898
<SHARES-COMMON-PRIOR>                         70591700
<ACCUMULATED-NII-CURRENT>                       741432
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (13062027)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                 202774668
<DIVIDEND-INCOME>                              2967088
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<OTHER-INCOME>                                 1078240
<EXPENSES-NET>                                 1131745
<NET-INVESTMENT-INCOME>                       22041474
<REALIZED-GAINS-CURRENT>                     (9476444)
<APPREC-INCREASE-CURRENT>                   (12577039)
<NET-CHANGE-FROM-OPS>                          (12009)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (22043838)
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<PER-SHARE-GAIN-APPREC>                          (.33)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.06
<EXPENSE-RATIO>                                   .005


</TABLE>


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