COMPOSITE INCOME FUND INC
NSAR-A, 1996-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 022865
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001 A000000 COMPOSITE INCOME FUND, INC.
001 B000000 811-2604
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002 A000000 601 W MAIN, SUITE 801
002 B000000 SPOKANE
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002 D010000 99201
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008 B000001 A
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008 D010001 SEATTLE
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008 D030001 98104
011 A000001 MURPHEY FAVRE, INC.
011 B000001 8-3641
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<PAGE>      PAGE  2
013 A000001 LEMASTER & DANIELS
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014 A000001 MURPHEY FAVRE, INC.
014 B000001 8-3641
015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
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015 C010001 KANSAS CITY
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SIGNATURE   JOHN T WEST                                  
TITLE       SECRETARY           
 


<TABLE> <S> <C>
                                               
<ARTICLE>                                           6
<LEGEND>                                             
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S SEMIANNUAL REPORT AND FORM N-SAR WHICH ARE ON FILE WITH THE 
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH DOCUMENTS.
</LEGEND>                                            
<CIK>                                               0000022865
<NAME>                                              Composite Income Fund, Inc.
<SERIES>                                             
   <NUMBER>                                         001
   <NAME>                                           Class A
       
<S>                                                 <C>
<PERIOD-TYPE>                                       6-MOS
<FISCAL-YEAR-END>                                   DEC-31-1996
<PERIOD-START>                                      JAN-01-1996
<PERIOD-END>                                        JUN-30-1996
<INVESTMENTS-AT-COST>                                                93,021,735
<INVESTMENTS-AT-VALUE>                                               92,868,008
<RECEIVABLES>                                                         1,853,037
<ASSETS-OTHER>                                                           25,661
<OTHER-ITEMS-ASSETS>                                                          0
<TOTAL-ASSETS>                                                       94,746,706
<PAYABLE-FOR-SECURITIES>                                                      0
<SENIOR-LONG-TERM-DEBT>                                                       0
<OTHER-ITEMS-LIABILITIES>                                               376,098
<TOTAL-LIABILITIES>                                                     376,098
<SENIOR-EQUITY>                                                               0
<PAID-IN-CAPITAL-COMMON>                                            109,519,265
<SHARES-COMMON-STOCK>                                                 9,932,191
<SHARES-COMMON-PRIOR>                                                10,329,116
<ACCUMULATED-NII-CURRENT>                                                     0
<OVERDISTRIBUTION-NII>                                                        0
<ACCUMULATED-NET-GAINS>                                             (14,994,930)
<OVERDISTRIBUTION-GAINS>                                                      0
<ACCUM-APPREC-OR-DEPREC>                                               (153,727)
<NET-ASSETS>                                                         94,370,608
<DIVIDEND-INCOME>                                                             0
<INTEREST-INCOME>                                                     3,674,482
<OTHER-INCOME>                                                                0
<EXPENSES-NET>                                                         (547,731)
<NET-INVESTMENT-INCOME>                                               3,126,751
<REALIZED-GAINS-CURRENT>                                                700,457
<APPREC-INCREASE-CURRENT>                                            (6,397,215)
<NET-CHANGE-FROM-OPS>                                                (2,570,007)
<EQUALIZATION>                                                                0
<DISTRIBUTIONS-OF-INCOME>                                            (2,981,578)
<DISTRIBUTIONS-OF-GAINS>                                                      0
<DISTRIBUTIONS-OTHER>                                                         0
<NUMBER-OF-SHARES-SOLD>                                                 640,784
<NUMBER-OF-SHARES-REDEEMED>                                          (1,280,444)
<SHARES-REINVESTED>                                                     242,735
<NET-CHANGE-IN-ASSETS>                                               (2,570,007)
<ACCUMULATED-NII-PRIOR>                                                       0
<ACCUMULATED-GAINS-PRIOR>                                           (15,695,388)
<OVERDISTRIB-NII-PRIOR>                                                       0
<OVERDIST-NET-GAINS-PRIOR>                                                    0
<GROSS-ADVISORY-FEES>                                                   304,350
<INTEREST-EXPENSE>                                                            0
<GROSS-EXPENSE>                                                         547,731
<AVERAGE-NET-ASSETS>                                                 98,135,198
<PER-SHARE-NAV-BEGIN>                                                      9.44
<PER-SHARE-NII>                                                            0.29
<PER-SHARE-GAIN-APPREC>                                                   (0.52)
<PER-SHARE-DIVIDEND>                                                      (0.29)
<PER-SHARE-DISTRIBUTIONS>                                                  0.00
<RETURNS-OF-CAPITAL>                                                       0.00
<PER-SHARE-NAV-END>                                                        8.92
<EXPENSE-RATIO>                                                            1.09
<AVG-DEBT-OUTSTANDING>                                                        0
<AVG-DEBT-PER-SHARE>                                                       0.00
        

</TABLE>

<TABLE> <S> <C>
                                               
<ARTICLE>                                           6
<LEGEND>                                             
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S SEMIANNUAL REPORT AND FORM N-SAR WHICH ARE ON FILE WITH THE 
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH DOCUMENTS.
</LEGEND>                                            
<CIK>                                               0000022865
<NAME>                                              Composite Income Fund, Inc.
<SERIES>                                             
   <NUMBER>                                                                 002
   <NAME>                                           Class B
       
<S>                                                 <C>
<PERIOD-TYPE>                                       6-MOS
<FISCAL-YEAR-END>                                   DEC-31-1996
<PERIOD-START>                                      JAN-01-1996
<PERIOD-END>                                        JUN-30-1996
<INVESTMENTS-AT-COST>                                                93,021,735
<INVESTMENTS-AT-VALUE>                                               92,868,008
<RECEIVABLES>                                                         1,853,037
<ASSETS-OTHER>                                                           25,661
<OTHER-ITEMS-ASSETS>                                                          0
<TOTAL-ASSETS>                                                       94,746,706
<PAYABLE-FOR-SECURITIES>                                                      0
<SENIOR-LONG-TERM-DEBT>                                                       0
<OTHER-ITEMS-LIABILITIES>                                               376,098
<TOTAL-LIABILITIES>                                                     376,098
<SENIOR-EQUITY>                                                               0
<PAID-IN-CAPITAL-COMMON>                                            109,519,265
<SHARES-COMMON-STOCK>                                                   649,834
<SHARES-COMMON-PRIOR>                                                   470,873
<ACCUMULATED-NII-CURRENT>                                                     0
<OVERDISTRIBUTION-NII>                                                        0
<ACCUMULATED-NET-GAINS>                                             (14,994,930)
<OVERDISTRIBUTION-GAINS>                                                      0
<ACCUM-APPREC-OR-DEPREC>                                               (153,727)
<NET-ASSETS>                                                         94,370,608
<DIVIDEND-INCOME>                                                             0
<INTEREST-INCOME>                                                     3,674,482
<OTHER-INCOME>                                                                0
<EXPENSES-NET>                                                         (547,731)
<NET-INVESTMENT-INCOME>                                               3,126,751
<REALIZED-GAINS-CURRENT>                                                700,457
<APPREC-INCREASE-CURRENT>                                            (6,397,215)
<NET-CHANGE-FROM-OPS>                                                (2,570,007)
<EQUALIZATION>                                                                0
<DISTRIBUTIONS-OF-INCOME>                                              (145,173)
<DISTRIBUTIONS-OF-GAINS>                                                      0
<DISTRIBUTIONS-OTHER>                                                         0
<NUMBER-OF-SHARES-SOLD>                                                 200,242
<NUMBER-OF-SHARES-REDEEMED>                                             (34,937)
<SHARES-REINVESTED>                                                      13,656
<NET-CHANGE-IN-ASSETS>                                               (2,570,007)
<ACCUMULATED-NII-PRIOR>                                                       0
<ACCUMULATED-GAINS-PRIOR>                                           (15,695,388)
<OVERDISTRIB-NII-PRIOR>                                                       0
<OVERDIST-NET-GAINS-PRIOR>                                                    0
<GROSS-ADVISORY-FEES>                                                   304,350
<INTEREST-EXPENSE>                                                            0
<GROSS-EXPENSE>                                                         547,731
<AVERAGE-NET-ASSETS>                                                 98,135,198
<PER-SHARE-NAV-BEGIN>                                                      9.46
<PER-SHARE-NII>                                                            0.26
<PER-SHARE-GAIN-APPREC>                                                   (0.53)
<PER-SHARE-DIVIDEND>                                                      (0.26)
<PER-SHARE-DISTRIBUTIONS>                                                  0.00
<RETURNS-OF-CAPITAL>                                                       0.00
<PER-SHARE-NAV-END>                                                        8.93
<EXPENSE-RATIO>                                                            1.90
<AVG-DEBT-OUTSTANDING>                                                        0
<AVG-DEBT-PER-SHARE>                                                       0.00
        

</TABLE>


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