SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.___2_____)*
Excelsior Income Shares_______________________________
(Name of Issuer)
Common Stock____________________________________________________
(Title of Class of Securities)
30072300________________________________________________
(CUSIP Number)
Date of event which requires filing of this statement: 0/00/00
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
X Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however.
see the Notes).
CUSIP NO 30072300_____________ 13G Page____ of _____
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tattersall Advisory Group, Inc.
54-1836068
2. Check the Appropriate Box if a Member of a Group*
(a)
(b) XX
3. SEC USE ONLY
4. Citizenship or Place of Organization
6802 Paragon Place Suite 200
Richmond, Virginia 23230-1655
Number of 5. Sole Voting Power 196,000 shares
Shares
Beneficially 6. 0
Owned by
Each 7. 196,000 shares
Reporting
Person 8. 0
With
9. Aggregate Amount Beneficially Owned By Each Reporting Person
196,000 shares
10. Check Box If The Aggregate Amount In Row (9) Excludes
Certain Shares*
11. Percent Of Class Represented By Amount In Row 9
9.0 %
12. Type of Reporting Person*
IA
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
Excelsior Income Shares
ITEM 1:
a) Excelsior Income Shares
b) 114 W. 47th Street, New York New York 10036
ITEM 2:
a) Tattersall Advisory Group, Inc.
b) 6802 Paragon Place Suite 200 Richmond, Virginia 23230-1655
c) USA
d) Common Stock
e) 30072300
ITEM 3:
e) IA
ITEM 4:
a) 196,000 SHARES
b) 9.0 %
c) (i) 196,000 shares
(ii) 0
(iii) 196,000 shares
(iv) 0
ITEM 5:
Not applicable
ITEM 6:
Not applicable
ITEM 7:
Not applicable
ITEM 8:
Not applicable
ITEM 9:
Not applicable
ITEM 10:
Certification
Date: January 15, 1999
______________________________________________
James E. Mallory, Director of Closed-End Funds
