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<PAGE> PAGE 2
020 B000009 13-2625874
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 7
SIGNATURE JAMES S. RIEPE
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000754915
[NAME] T. ROWE PRICE HIGH YIELD FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAY-31-1995
[PERIOD-END] NOV-30-1994
[INVESTMENTS-AT-COST] 1179230
[INVESTMENTS-AT-VALUE] 1058215
[RECEIVABLES] 51907
[ASSETS-OTHER] 64
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1110186
[PAYABLE-FOR-SECURITIES] 12831
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 6582
[TOTAL-LIABILITIES] 19413
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1373701
[SHARES-COMMON-STOCK] 140022
[SHARES-COMMON-PRIOR] 148245
[ACCUMULATED-NII-CURRENT] 3928
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (165738)
[ACCUM-APPREC-OR-DEPREC] (121118)
[NET-ASSETS] 1090773
[DIVIDEND-INCOME] 1670
[INTEREST-INCOME] 58040
[OTHER-INCOME] 0
[EXPENSES-NET] 5202
[NET-INVESTMENT-INCOME] 54508
[REALIZED-GAINS-CURRENT] (36233)
[APPREC-INCREASE-CURRENT] (48095)
[NET-CHANGE-FROM-OPS] (29820)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (54568)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 10905
[NUMBER-OF-SHARES-REDEEMED] 24443
[SHARES-REINVESTED] 5314
[NET-CHANGE-IN-ASSETS] (150507)
[ACCUMULATED-NII-PRIOR] 3988
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (129505)
[GROSS-ADVISORY-FEES] 3804
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5202
[AVERAGE-NET-ASSETS] 1178978
[PER-SHARE-NAV-BEGIN] 8.37
[PER-SHARE-NII] .40
[PER-SHARE-GAIN-APPREC] (.60)
[PER-SHARE-DIVIDEND] .38
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.79
[EXPENSE-RATIO] .88
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
