SHORT TERM INCOME FUND INC
NSAR-A, 1996-04-19
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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
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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>    
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<PERIOD-END>                  FEB-29-1996
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<ASSETS-OTHER>                0
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<TOTAL-ASSETS>                981313658
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<SHARES-COMMON-STOCK>         981112389
<SHARES-COMMON-PRIOR>         881902400
<ACCUMULATED-NII-CURRENT>     193437
<OVERDISTRIBUTION-NII>        0
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<OTHER-INCOME>                0
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<APPREC-INCREASE-CURRENT>     0
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<EQUALIZATION>                0
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</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>    
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<INTEREST-EXPENSE>            0
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<AVERAGE-NET-ASSETS>          752200540
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<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>


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