000 A000000 02/28/97
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 REICH & TANG SERVICES L.P.
<PAGE>
012 B00AA01 84-2007
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10020
012 C04AA01 2302
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
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 FUJI SECURITIES INC.
022 B000001 36-2880742
022 C000001 23107181
022 D000001 0
022 A000002 CANADIAN IMPERIAL BANK OF COMMERCE
022 B000002 13-1942440
022 C000002 11519867
022 D000002 0
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 10559293
022 D000003 4880
022 A000004 DONALDSON LUFKIN & JENERETTE SECURITIES CORP.
022 B000004 13-2741729
022 C000004 8847000
022 D000004 0
022 A000005 BANK OF BOSTON
022 B000005 04-2472499
022 C000005 6192710
022 D000005 9996
022 A000006 MORGAN (J.P.) SECURITIES INC.
<PAGE>
022 B000006 13-3224016
022 C000006 5480927
022 D000006 49903
022 A000007 BANK OF AMERICA NT & SA
022 B000007 94-1687665
022 C000007 753496
022 D000007 212920
022 A000008 CHASE SECURITIE, INC.
022 B000008 13-3112953
022 C000008 312733
022 D000008 0
022 A000009 JANNEY MONTGOMERY SCOTT, INC.
022 B000009 23-0731260
022 C000009 185022
022 D000009 0
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000010 13-5674085
022 C000010 164143
022 D000010 0
023 C000000 67701595
023 D000000 286860
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
<PAGE>
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
080 A00AA00 ST. PAUL FIRE & MARINE INSURANCE COMPANY
080 C00AA00 1900
081 A00AA00 Y
081 B00AA00 18
082 B00AA00 100
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 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 98519
<PAGE>
028 A020100 3489
028 A030100 0
028 A040100 88598
028 B010100 142287
028 B020100 3433
028 B030100 0
028 B040100 128614
028 C010100 113606
028 C020100 3807
028 C030100 0
028 C040100 103755
028 D010100 101956
028 D020100 3310
028 D030100 0
028 D040100 118760
028 E010100 158091
028 E020100 3812
028 E030100 0
028 E040100 115811
028 F010100 144572
028 F020100 3977
028 F030100 0
028 F040100 114873
028 G010100 759031
028 G020100 21828
028 G030100 0
028 G040100 670411
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 973
044 000100 1165
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
<PAGE>
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 0.0
062 C000100 1.0
062 D000100 2.0
062 E000100 0.0
062 F000100 14.0
062 G000100 1.8
062 H000100 4.1
062 I000100 49.1
062 J000100 0.0
062 K000100 0.0
062 L000100 26.7
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
<PAGE>
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 27882
072 C000100 0
072 D000100 0
072 E000100 0
<PAGE>
072 F000100 1512
072 G000100 1069
072 H000100 0
072 I000100 787
072 J000100 51
072 K000100 100
072 L000100 20
072 M000100 14
072 N000100 31
072 O000100 0
072 P000100 0
072 Q000100 33
072 R000100 10
072 S000100 10
072 T000100 973
072 U000100 0
072 V000100 0
072 W000100 13
072 X000100 4623
072 Y000100 31
072 Z000100 23290
072AA000100 52
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 17502
072DD020100 5788
072EE000100 0
073 A010100 0.2230
073 A020100 0.2390
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1493
074 B000100 19000
074 C000100 1065520
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 2981
074 M000100 0
074 N000100 1088994
074 O000100 0
074 P000100 577
074 Q000100 0
074 R010100 2013
074 R020100 0
<PAGE>
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 1086404
074 U010100 807098
074 U020100 281354
074 V010100 1.00
074 V020100 1.00
074 W000100 0.9982
074 X000100 74347
074 Y000100 0
075 A000100 943730
075 B000100 0
076 000100 0.00
028 A010200 44598
028 A020200 2927
028 A030200 0
028 A040200 143225
028 B010200 60479
028 B020200 2531
028 B030200 0
028 B040200 54654
028 C010200 78699
028 C020200 3016
028 C030200 0
028 C040200 68809
028 D010200 83553
028 D020200 2478
028 D030200 0
028 D040200 73615
028 E010200 131604
028 E020200 2833
028 E030200 0
028 E040200 86626
028 F010200 64849
028 F020200 3115
028 F030200 0
028 F040200 59605
028 G010200 463782
028 G020200 16900
028 G030200 0
028 G040200 486534
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
<PAGE>
043 000200 768
044 000200 681
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 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 33.0
062 C000200 0.0
<PAGE>
062 D000200 67.7
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 0.7
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 49
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
<PAGE>
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 19689
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 951
072 G000200 773
072 H000200 0
072 I000200 217
072 J000200 22
072 K000200 16
072 L000200 4
072 M000200 7
072 N000200 8
072 O000200 0
072 P000200 0
072 Q000200 18
072 R000200 6
072 S000200 6
072 T000200 768
072 U000200 0
072 V000200 0
072 W000200 6
072 X000200 2802
072 Y000200 10
072 Z000200 16897
072AA000200 187
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 13794
072DD020200 2923
072EE000200 187
073 A010200 0.2282
073 A020200 0.2406
073 B000200 0.0003
073 C000200 0.0000
074 A000200 1385
074 B000200 553000
074 C000200 239936
074 D000200 0
074 E000200 0
074 F000200 0
<PAGE>
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 3939
074 M000200 0
074 N000200 798260
074 O000200 0
074 P000200 415
074 Q000200 0
074 R010200 10908
074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 786937
074 U010200 664243
074 U020200 122694
074 V010200 1.00
074 V020200 1.00
074 W000200 1.0001
074 X000200 13464
074 Y000200 0
075 A000200 742243
075 B000200 0
076 000200 0.00
SIGNATURE BERNADETTE N. FINN
TITLE SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<PERIOD-TYPE> SEMI
<INVESTMENTS-AT-COST> 1084519759
<INVESTMENTS-AT-VALUE> 1084519759
<RECEIVABLES> 2980505
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 143300
<TOTAL-ASSETS> 1088993564
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2589358
<TOTAL-LIABILITIES> 2589358
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1088451832
<SHARES-COMMON-STOCK> 1088451832
<SHARES-COMMON-PRIOR> 978003968
<ACCUMULATED-NII-CURRENT> 194437
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2242064)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1086404206
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27882273
<OTHER-INCOME> 0
<EXPENSES-NET> 4592094
<NET-INVESTMENT-INCOME> 23290179
<REALIZED-GAINS-CURRENT> 51967
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 23342146
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23290179
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 759031032
<NUMBER-OF-SHARES-REDEEMED> 670411571
<SHARES-REINVESTED> 21828403
<NET-CHANGE-IN-ASSETS> 110499831
<ACCUMULATED-NII-PRIOR> 194437
<ACCUMULATED-GAINS-PRIOR> (2294030)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1511817
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4622692
<AVERAGE-NET-ASSETS> 1026318675
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .022
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .022
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<PERIOD-TYPE> SEMI
<INVESTMENTS-AT-COST> 792935899
<INVESTMENTS-AT-VALUE> 792935899
<RECEIVABLES> 3939095
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1384925
<TOTAL-ASSETS> 798259919
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11323243
<TOTAL-LIABILITIES> 11323243
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 786936676
<SHARES-COMMON-STOCK> 786936676
<SHARES-COMMON-PRIOR> 792789311
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 786936676
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 19689755
<OTHER-INCOME> 0
<EXPENSES-NET> 2792256
<NET-INVESTMENT-INCOME> 16897499
<REALIZED-GAINS-CURRENT> 187048
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 17084547
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16897499
<DISTRIBUTIONS-OF-GAINS> 187048
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 463781534
<NUMBER-OF-SHARES-REDEEMED> 486533966
<SHARES-REINVESTED> 16899797
<NET-CHANGE-IN-ASSETS> (5852635)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 951171
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2802000
<AVERAGE-NET-ASSETS> 742243027
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .023
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .023
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
