000 A000000 02/29/96
000 C000000 0000312669
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SHORT TERM INCOME FUND, INC.
001 B000000 811-2950
001 C000000 2128305200
002 A000000 600 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10020
002 D020000 2302
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 U.S. GOVERNMENT PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 REICH & TANG ASSET MANAGEMENT L.P.
008 B00AA01 A
008 C00AA01 801-47230
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10020
008 D04AA01 2302
011 A00AA01 REICH & TANG DISTRIBUTORS L.P.
011 B00AA01 8-43429
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10020
011 C04AA01 2302
012 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
012 B00AA01 84-0000000
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 MCGLADREY & PULLEN LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
015 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 19
019 C00AA00 REICHTANGI
022 A000001 FUJI SECURITIES INC.
022 B000001 36-2880742
022 C000001 22207401
022 D000001 0
022 A000002 MORGAN (J.P.) SECURITIES, INC.
022 B000002 13-3224016
022 C000002 4840656
022 D000002 25171
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 9960675
022 D000003 19827
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000004 13-5674085
022 C000004 177601
022 D000004 0
022 A000005 BANK OF AMERICA NY & SA
022 B000005 94-1687665
022 C000005 932257
022 D000005 238930
022 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000006 13-2741729
022 C000006 8220666
022 D000006 29221
022 A000007 MORGAN STANLEY & CO. INCORPORATED
022 B000007 13-2655998
022 C000007 12369284
022 D000007 0
022 A000008 CANADAIAN IMPERIAL BANK OF COMMERCE
022 B000008 13-1942440
022 C000008 300323
022 D000008 14815
022 A000009 JANNEY MONTGOMERY SCOTT, INC.
022 B000009 23-0731260
022 C000009 182857
022 D000009 19753
022 A000010 CS FIRST BOSTON CORPORATION
022 B000010 13-5659485
022 C000010 10132418
022 D000010 0
023 C000000 69931881
023 D000000 350069
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 79425
028 A020100 3782
028 A030100 0
028 A040100 72665
028 B010100 97466
028 B020100 3227
028 B030100 0
028 B040100 98600
028 C010100 152936
028 C020100 3591
028 C030100 0
028 C040100 153562
028 D010100 89962
028 D020100 3567
028 D030100 0
028 D040100 116958
028 E010100 118608
028 E020100 3306
028 E030100 0
028 E040100 88237
028 F010100 163764
028 F020100 3312
028 F030100 0
028 F040100 93714
028 G010100 702161
028 G020100 20785
028 G030100 0
028 G040100 623736
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 847
044 000100 1735
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 750000
048 A020100 0.300
048 B010100 750000
048 B020100 0.290
048 C010100 250000
048 C020100 0.280
048 D010100 0
048 D020100 0.270
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
054 A000100 Y
054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 N
062 A000100 Y
062 B000100 1.0
062 C000100 4.2
062 D000100 9.0
062 E000100 0.0
062 F000100 2.0
062 G000100 4.6
062 H000100 2.8
062 I000100 54.1
062 J000100 0.0
062 K000100 0.0
062 L000100 22.3
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 55
063 B000100 0.0
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 26145
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 1348
072 G000100 927
072 H000100 32
072 I000100 837
072 J000100 47
072 K000100 49
072 L000100 11
072 M000100 14
072 N000100 19
072 O000100 0
072 P000100 0
072 Q000100 31
072 R000100 14
072 S000100 9
072 T000100 847
072 U000100 0
072 V000100 0
072 W000100 7
072 X000100 4192
072 Y000100 158
072 Z000100 22111
072AA000100 75
072BB000100 15
072CC010100 0
072CC020100 0
072DD010100 22110
072DD020100 5738
072EE000100 0
073 A010100 0.0490
073 A020100 0.0250
073 B000100 0.0000
073 C000100 0.0000
074 A000100 387
074 B000100 88000
074 C000100 889448
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 3479
074 M000100 0
074 N000100 981314
074 O000100 0
074 P000100 499
074 Q000100 0
074 R010100 1872
074 R020100 0
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 978943
074 U010100 981112
074 U020100 244840
074 V010100 1.00
074 V020100 1.00
074 W000100 0.9979
074 X000100 50604
074 Y000100 0
075 A000100 908791
075 B000100 0
076 000100 0.00
028 A010200 159351
028 A020200 3505
028 A030200 0
028 A040200 118745
028 B010200 127002
028 B020200 3119
028 B030200 0
028 B040200 87907
028 C010200 146791
028 C020200 3632
028 C030200 0
028 C040200 402756
028 D010200 52975
028 D020200 2503
028 D030200 0
028 D040200 80427
028 E010200 198871
028 E020200 2285
028 E030200 0
028 E040200 101296
028 F010200 110682
028 F020200 2590
028 F030200 0
028 F040200 92414
028 G010200 795672
028 G020200 17634
028 G030200 0
028 G040200 883545
028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 646
044 000200 1489
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 250000
048 A020200 0.275
048 B010200 0
048 B020200 0.250
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
054 A000200 Y
054 B000200 N
054 C000200 N
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 N
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 N
054 M000200 Y
054 N000200 N
054 O000200 N
062 A000200 Y
062 B000200 45.4
062 C000200 3.9
062 D000200 50.6
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.1
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 51
063 B000200 0.0
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 21340
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 966
072 G000200 765
072 H000200 24
072 I000200 225
072 J000200 56
072 K000200 10
072 L000200 3
072 M000200 8
072 N000200 17
072 O000200 0
072 P000200 0
072 Q000200 34
072 R000200 9
072 S000200 15
072 T000200 646
072 U000200 0
072 V000200 0
072 W000200 5
072 X000200 2783
072 Y000200 5
072 Z000200 18562
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 18562
072DD020200 6009
072EE000200 0
073 A010200 0.0490
073 A020200 0.0250
073 B000200 0.0000
073 C000200 0.0000
074 A000200 493
074 B000200 357000
074 C000200 348338
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 2267
074 M000200 0
074 N000200 708098
074 O000200 0
074 P000200 380
074 Q000200 0
074 R010200 1567
074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 706151
074 U010200 706151
074 U020200 114535
074 V010200 1.00
074 V020200 1.00
074 W000200 1.0012
074 X000200 10876
074 Y000200 0
075 A000200 752201
075 B000200 0
076 000200 0.00
SIGNATURE BERNADETTE N. FINN
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> The schedule contains summary financial information
extracted from the financial statements and supporting
schedules as of the end of the most current period and is
qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000312669
<NAME> Short Term Income Fund, Inc.
<SERIES>
<NUMBER> 1
<NAME> Money Market Portfolio
<S> <C>
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-START> SEP-01-1995
<PERIOD-END> FEB-29-1996
<PERIOD-TYPE> YEAR
<INVESTMENTS-AT-COST> 977448386
<INVESTMENTS-AT-VALUE> 977448386
<RECEIVABLES> 3478713
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 386559
<TOTAL-ASSETS> 981313658
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2370925
<TOTAL-LIABILITIES> 2370925
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 981112389
<SHARES-COMMON-STOCK> 981112389
<SHARES-COMMON-PRIOR> 881902400
<ACCUMULATED-NII-CURRENT> 193437
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2364093)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 978942733
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 26145251
<OTHER-INCOME> 0
<EXPENSES-NET> 4033859
<NET-INVESTMENT-INCOME> 22111392
<REALIZED-GAINS-CURRENT> 60160
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 22171552
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22110350
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 702161210
<NUMBER-OF-SHARES-REDEEMED> 623736389
<SHARES-REINVESTED> 20785168
<NET-CHANGE-IN-ASSETS> 99271191
<ACCUMULATED-NII-PRIOR> 193395
<ACCUMULATED-GAINS-PRIOR> (2424253)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1347841
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4191808
<AVERAGE-NET-ASSETS> 908791041
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> The schedule contains summary financial information
extracted from the financial statements and supporting
schedules as of the end of the most current period and is
qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000312669
<NAME> Short Term Income Fund, Inc.
<SERIES>
<NUMBER> 2
<NAME> U.S. Government Portfolio
<S> <C>
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-START> SEP-01-1995
<PERIOD-END> FEB-29-1996
<PERIOD-TYPE> YEAR
<INVESTMENTS-AT-COST> 705337745
<INVESTMENTS-AT-VALUE> 705337745
<RECEIVABLES> 2266158
<ASSETS-OTHER> 983
<OTHER-ITEMS-ASSETS> 493339
<TOTAL-ASSETS> 708098225
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1947174
<TOTAL-LIABILITIES> 1947174
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 706151051
<SHARES-COMMON-STOCK> 706151051
<SHARES-COMMON-PRIOR> 776390709
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 706151051
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 21340082
<OTHER-INCOME> 0
<EXPENSES-NET> 2777616
<NET-INVESTMENT-INCOME> 18562466
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 18562466
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 18562466
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 795671572
<NUMBER-OF-SHARES-REDEEMED> 883545193
<SHARES-REINVESTED> 17633963
<NET-CHANGE-IN-ASSETS> (70239658)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 966199
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2782684
<AVERAGE-NET-ASSETS> 752200540
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>