<PAGE> PAGE 1
000 B000000 02/28/94
000 C000000 0000754915
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T. ROWE PRICE HIGH YIELD FUND, INC.
001 B000000 811-4119
001 C000000 4105472000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 DONALDSON LUFKIN & JENRETTE SECURITIES CORP
020 B000001 13-2741729
020 C000001 4340
020 A000002 FIRST BOSTON CORPORATION (THE)
020 B000002 13-5659485
020 C000002 1938
020 A000003 SALOMON BROTHERS
020 B000003 13-3082694
020 C000003 1506
020 A000004 BT SECURITIES
020 B000004 13-4941247
020 C000004 1372
020 A000005 CITICORP SECURITIES
020 B000005 13-3187336
020 C000005 1266
020 A000006 GOLDMAN, SACHS & CO
020 B000006 13-5108880
020 C000006 1090
020 A000007 MORGAN STANLEY & CO
020 B000007 13-2655998
020 C000007 950
020 A000008 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000008 13-5674085
020 C000008 651
020 A000009 BEAR, STEARNS & CO.
020 B000009 13-3299429
020 C000009 512
020 A000010 MORGAN (JP) SECURITIES
020 B000010 13-3224016
<PAGE> PAGE 2
020 C000010 512
021 000000 16730
022 A000001 GOLDMAN, SACHS & CO
022 B000001 13-5108880
022 C000001 4118904
022 D000001 119384
022 A000002 BT SECURITIES CORPORATION
022 B000002 13-4941247
022 C000002 2714493
022 D000002 485955
022 A000003 LEHMAN BROTHERS INC
022 B000003 13-2518466
022 C000003 1554007
022 D000003 79950
022 A000004 MORGAN (JP) SECURITIES
022 B000004 13-3224016
022 C000004 1367844
022 D000004 30638
022 A000005 FIRST BOSTON CORPORATION (THE)
022 B000005 13-5659485
022 C000005 1098781
022 D000005 219618
022 A000006 MERRILL, LYNCH, PIERCE, FENNER & SMITH INC
022 B000006 13-5674085
022 C000006 1204334
022 D000006 74904
022 A000007 BANKERS TRUST COMPANY
022 B000007 13-4941247
022 C000007 789308
022 D000007 203415
022 A000008 BP AMERICA
022 B000008 34-1152832
022 C000008 913609
022 D000008 0
022 A000009 MORGAN STANLEY
022 B000009 13-2655998
022 C000009 342283
022 D000009 446457
022 A000010 CITICORP SECURITIES, INC.
022 B000010 13-3187336
022 C000010 484820
022 D000010 38189
023 C000000 16377991
023 D000000 2176230
028 A010000 19588
028 A020000 9752
028 A030000 0
028 A040000 172045
028 B010000 34812
028 B020000 9640
028 B030000 0
<PAGE> PAGE 3
028 B040000 37123
028 C010000 26932
028 C020000 9620
028 C030000 0
028 C040000 39465
028 D010000 28794
028 D020000 10332
028 D030000 0
028 D040000 32306
028 E010000 48641
028 E020000 8972
028 E030000 0
028 E040000 29874
028 F010000 42020
028 F020000 9109
028 F030000 0
028 F040000 74371
028 G010000 200787
028 G020000 57425
028 G030000 0
028 G040000 385184
028 H000000 0
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 3.3
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.3
062 O000000 0.0
062 P000000 87.0
062 Q000000 9.4
062 R000000 0.0
063 A000000 0
063 B000000 9.9
064 A000000 N
064 B000000 Y
065 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 Y
<PAGE> PAGE 4
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 1739051
071 B000000 1635597
071 C000000 1528693
071 D000000 107
072 A000000 12
072 B000000 157781
072 C000000 2671
072 D000000 0
072 E000000 0
072 F000000 10554
072 G000000 0
072 H000000 0
072 I000000 2569
072 J000000 177
072 K000000 92
072 L000000 71
072 M000000 27
072 N000000 116
072 O000000 0
072 P000000 0
072 Q000000 183
<PAGE> PAGE 5
072 R000000 36
072 S000000 31
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 35
072 X000000 13891
072 Y000000 0
072 Z000000 146561
072AA000000 84438
072BB000000 0
072CC010000 13959
072CC020000 0
072DD010000 146027
072DD020000 0
072EE000000 0
073 A010000 0.8102
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 60665
074 D000000 1392076
074 E000000 46160
074 F000000 117142
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 64058
074 K000000 0
074 L000000 37642
074 M000000 329
074 N000000 1718072
074 O000000 70362
074 P000000 1087
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 22853
074 S000000 0
074 T000000 1623770
074 U010000 177392
074 U020000 0
074 V010000 9.15
074 V020000 0.00
074 W000000 0.0000
074 X000000 66709
074 Y000000 0
075 A000000 0
<PAGE> PAGE 6
075 B000000 1625476
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 50000000
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE JAMES S. RIEPE
TITLE VICE PRESIDENT