<PAGE> PAGE 1
000 A000000 06/30/2000
000 C000000 0000033934
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 EXCELSIOR INCOME SHARES, INC.
001 B000000 811-2363
001 C000000 2128523732
002 A000000 114 WEST 47TH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10036
002 D020000 1532
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
022 A000001 MERRIL MERRILL LYNCH PIER
022 C000001 22958
022 D000001 0
022 A000002 FIDCAP FIDELITY CAPITAL
022 C000002 7950
022 D000002 7543
022 A000003 MERRCP MERRILL LYNCH CORP
022 C000003 2996
022 D000003 0
022 A000004 DREYFU DREYFUS SECURITIES
022 C000004 1010
022 D000004 1232
022 A000005 DIRECT DIRECT 1
022 C000005 142
022 D000005 0
022 A000006 FEDELY FIDELITY INV SER
022 C000006 34
022 D000006 60
022 A000007 FEDELB FIDELITY BK, N.A.
022 C000007 0
022 D000007 77
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 35090
<PAGE> PAGE 2
023 D000000 8912
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 9.6
062 M000000 0.0
062 N000000 57.0
062 O000000 0.0
062 P000000 33.5
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 10.5
066 A000000 N
071 A000000 5029
071 B000000 2445
071 C000000 34082
071 D000000 7
072 A000000 6
072 B000000 1357
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 101
072 G000000 0
072 H000000 23
072 I000000 5
072 J000000 0
072 K000000 12
072 L000000 0
072 M000000 20
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 10
072 S000000 0
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 39
072 X000000 210
072 Y000000 0
<PAGE> PAGE 3
072 Z000000 1147
072AA000000 5
072BB000000 0
072CC010000 86
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.2500
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 0
074 C000000 3726
074 D000000 34816
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 456
074 M000000 1
074 N000000 39000
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 80
074 S000000 0
074 T000000 38920
074 U010000 2169
074 U020000 0
074 V010000 17.94
074 V020000 0.00
074 W000000 0.0000
074 X000000 1103
074 Y000000 0
075 A000000 0
075 B000000 38687
076 000000 15.00
077 A000000 N
SIGNATURE ROBERT R. JOHNSON
TITLE ASSISTANT SECRETARY
