<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 8
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SIGNATURE JUDY P. WIESE
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000035732
[NAME] INVESCO INDUSTRIAL INCOME FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUN-30-1999
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 3498261512
[INVESTMENTS-AT-VALUE] 4909385477
[RECEIVABLES] 24362622
[ASSETS-OTHER] 327297
[OTHER-ITEMS-ASSETS] 117
[TOTAL-ASSETS] 4934075513
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 32142345
[TOTAL-LIABILITIES] 32142345
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3412366737
[SHARES-COMMON-STOCK] 325524553
[SHARES-COMMON-PRIOR] 313928706
[ACCUMULATED-NII-CURRENT] 2139837
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 76302629
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1411123965
[NET-ASSETS] 4901933168
[DIVIDEND-INCOME] 34338684
[INTEREST-INCOME] 43857509
[OTHER-INCOME] (146151)
[EXPENSES-NET] 21581193
[NET-INVESTMENT-INCOME] 56468849
[REALIZED-GAINS-CURRENT] 135585727
[APPREC-INCREASE-CURRENT] (14084258)
[NET-CHANGE-FROM-OPS] 121501469
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 55561561
[DISTRIBUTIONS-OF-GAINS] 451700393
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 19138925
[NUMBER-OF-SHARES-REDEEMED] 40318289
[SHARES-REINVESTED] 32775211
[NET-CHANGE-IN-ASSETS] (178801458)
[ACCUMULATED-NII-PRIOR] 1232549
[ACCUMULATED-GAINS-PRIOR] 392417295
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 11379885
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 21844748
[AVERAGE-NET-ASSETS] 4768428586
[PER-SHARE-NAV-BEGIN] 16.18
[PER-SHARE-NII] 0.19
[PER-SHARE-GAIN-APPREC] 0.38
[PER-SHARE-DIVIDEND] 0.18
[PER-SHARE-DISTRIBUTIONS] 1.51
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 15.06
[EXPENSE-RATIO] 0
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
