LINCOLN NATIONAL INCOME FUND INC /NEW/
NSAR-A, 1995-08-14
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<PAGE>      PAGE  1
000 A000000 06/30/95
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001 A000000 LINCOLN NATIONAL INCOME FUND, INC.
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012 A000001 THE FIRST NATIONAL BANK OF BOSTON
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<PAGE>      PAGE  2
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022 A000001 MERRILL LYNCH,PIERCE,FENNER & SMITH, INC.
022 B000001 13-5674085
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022 D000001      1310
022 A000002 SALOMON BROTHERS INC.
022 B000002 13-3082694
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022 A000003 GOLDMAN SACHS & CO.
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022 A000006 CREDIT SUISSE FIRST BOSTON LTD
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022 A000007 J.P. MORGAN SECURITIES, INC.
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022 A000008 PRUDENTIAL FUNDING INC.
<PAGE>      PAGE  3
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SIGNATURE   SCOTT SCHILLING                              
TITLE       ACCTG MANAGER       
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000059560
<NAME> LINCOLN NATIONAL INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                      126,409,158
<INVESTMENTS-AT-VALUE>                     134,267,031
<RECEIVABLES>                                2,784,233
<ASSETS-OTHER>                                  50,585
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             137,101,849
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                            482,723
<SENIOR-EQUITY>                             40,000,000
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<SHARES-COMMON-PRIOR>                        6,832,195
<ACCUMULATED-NII-CURRENT>                    1,963,632
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                              101,142
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<DISTRIBUTIONS-OF-GAINS>                             0
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</TABLE>


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