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SIGNATURE TAMARA L. FAGELY
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 7 - 11 OF THE ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000049929
<NAME> FORTIS INCOME PORTFOLIOS INC.
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<NAME> FORTIS U.S. GOVERNMENT SECURITIES FUND (CLASS A)
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<F2>FEE INCOME FROM SECURITIES LENDING PROGRAM FOR THE FISCAL YEAR ENDED JULY 31,
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
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<CIK> 0000049929
<NAME> FORTIS INCOME PORTFOLIOS INC.
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<F2>FEE INCOME FROM SECURITIES LENDING PROGRAM FOR THE FISCAL YEAR ENDED JULY 31,
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
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<F2>FEE INCOME FROM SECURITIES LENDING PROGRAM FOR THE FISCAL YEAR ENDED JULY 31,
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<F3>ANNUALIZED
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 7 - 11 OF THE ANNUAL SHAREHOLDER REPORT.
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<OTHER-INCOME> 321,417<F2>
<EXPENSES-NET> (3,923,602)
<NET-INVESTMENT-INCOME> 37,790,314
<REALIZED-GAINS-CURRENT> (33,680,898)
<APPREC-INCREASE-CURRENT> 31,855,826
<NET-CHANGE-FROM-OPS> 35,965,242
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,825,032)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,223,444
<NUMBER-OF-SHARES-REDEEMED> (15,398,667)
<SHARES-REINVESTED> 2,842,973
<NET-CHANGE-IN-ASSETS> (74,137,882)
<ACCUMULATED-NII-PRIOR> 202,721
<ACCUMULATED-GAINS-PRIOR> (26,019,682)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,576,719
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,008,498
<AVERAGE-NET-ASSETS> 504,413,000
<PER-SHARE-NAV-BEGIN> 9.03
<PER-SHARE-NII> .67
<PER-SHARE-GAIN-APPREC> (.01)
<PER-SHARE-DIVIDEND> (.67)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.02
<EXPENSE-RATIO> .77<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AT JULY 31, 1995, SECURITIES VALUED AT $242,279,288 WERE ON LOAN TO BROKERS
FROM THE FUND. FOR COLLATERAL, THE FUND'S CUSTODIAN RECEIVED $252,179,800 IN
CASH WHICH IS MAINTAINED IN A SEPARATE ACCOUNT AND INVESTED BY THE CUSTODIAN IN
SHORT-TERM INVESTMENT VEHICLES.
<F2>FEE INCOME FROM SECURITIES LENDING PROGRAM FOR THE FISCAL YEAR ENDED JULY 31,
1995.
<F3>ANNUALIZED
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 7 - 11 OF THE ANNUAL SHAREHOLDER REPORT.
</LEGEND>
<CIK> 0000049929
<NAME> FORTIS INCOME PORTFOLIOS INC.
<SERIES>
<NUMBER> 1
<NAME> FORTIS U.S. GOVERNMENT SECURITIES FUND (CLASS H)
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-START> NOV-14-1994
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 475,636,924
<INVESTMENTS-AT-VALUE> 479,504,553
<RECEIVABLES> 17,740,330
<ASSETS-OTHER> 252,179,800<F1>
<OTHER-ITEMS-ASSETS> 43,544
<TOTAL-ASSETS> 749,468,227
<PAYABLE-FOR-SECURITIES> 14,771,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 253,559,562<F1>
<TOTAL-LIABILITIES> 268,331,437
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 537,043,809
<SHARES-COMMON-STOCK> 534,676
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (17,686)
<ACCUMULATED-NET-GAINS> (59,756,962)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,867,629
<NET-ASSETS> 481,136,790
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 41,392,499
<OTHER-INCOME> 321,417<F2>
<EXPENSES-NET> (3,923,602)
<NET-INVESTMENT-INCOME> 37,790,314
<REALIZED-GAINS-CURRENT> (33,680,898)
<APPREC-INCREASE-CURRENT> 31,855,826
<NET-CHANGE-FROM-OPS> 35,965,242
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (101,319)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 588,648
<NUMBER-OF-SHARES-REDEEMED> (62,931)
<SHARES-REINVESTED> 8,959
<NET-CHANGE-IN-ASSETS> (74,137,882)
<ACCUMULATED-NII-PRIOR> 202,721
<ACCUMULATED-GAINS-PRIOR> (26,019,682)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,576,719
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,008,498
<AVERAGE-NET-ASSETS> 504,413,000
<PER-SHARE-NAV-BEGIN> 8.63
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .39
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.02
<EXPENSE-RATIO> 1.77<F3>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>AT JULY 31, 1995, SECURITIES VALUED AT $242,279,288 WERE ON LOAN TO BROKERS
FROM THE FUND. FOR COLLATERAL, THE FUND'S CUSTODIAN RECEIVED $252,179,800 IN
CASH WHICH IS MAINTAINED IN A SEPARATE ACCOUNT AND INVESTED BY THE CUSTODIAN IN
SHORT-TERM INVESTMENT VEHICLES.
<F2>FEE INCOME FROM SECURITIES LENDING PROGRAM FOR THE FISCAL YEAR ENDED JULY 31,
1995.
<F3>ANNUALIZED
</FN>
</TABLE>
KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis, MN 55402
Independent Auditors' Report on Internal Accounting
Control
The Board of Directors and Shareholders
Fortis Income Portfolios, Inc.:
In planning and performing our audit of the financial
statements of Fortis U.S. Government Securities Fund (a
fund within Fortis Income Portfolios, Inc.) for the year
ended July 31, 1995, we considered its internal control
structure, including procedures for safeguarding
securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the
financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on the internal
control structure.
The management of the Company is responsible for
establishing and maintaining a system of internal
accounting control. In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of
internal control structure policies and procedures. Two
of the objectives of an internal control structure are to
provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from
unauthorized use or disposition and that transactions are
executed in accordance with management's authorization
and recorded properly to permit the preparation of
financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, promection of any evaluation of the
structure to future periods is subject to the risk that
it may become inadequate because of changes in conditions
of that the effectiveness of the design and operation may
deteriorate.
Our consideration of the internal control structure would
not necessarily disclose all matters in the internal
control structure that might be material weaknesses under
standards established by the American Institute of
Certified Public Accounts. A material weakness is a
condition in which the design or operation of the
specific internal control structure elements does not
reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in
relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
involving the internal control structure, including
procedures for safeguarding securities, that we consider
to be a material weakness as defined above as of July 31,
1995.
This report is intended solely for the information and
use of management and the Securities and Exchange
Commission.
/s/ KPMG Peat Marwick LLP
KPMG Peat Marwick LLP
Minneapolis, Minnesota
September 8, 1995
