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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE JAMES S. RIEPE
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000754915
[NAME] T. ROWE PRICE HIGH YIELD FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] MAY-31-1995
[PERIOD-END] MAY-31-1995
[INVESTMENTS-AT-COST] 1190484
[INVESTMENTS-AT-VALUE] 1167498
[RECEIVABLES] 55156
[ASSETS-OTHER] 5
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1222659
[PAYABLE-FOR-SECURITIES] 8165
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 6019
[TOTAL-LIABILITIES] 14184
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1439535
[SHARES-COMMON-STOCK] 148016
[SHARES-COMMON-PRIOR] 148245
[ACCUMULATED-NII-CURRENT] 2561
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 210635
[ACCUM-APPREC-OR-DEPREC] (22986)
[NET-ASSETS] 1208475
[DIVIDEND-INCOME] 3227
[INTEREST-INCOME] 113141
[OTHER-INCOME] 0
[EXPENSES-NET] 10071
[NET-INVESTMENT-INCOME] 106297
[REALIZED-GAINS-CURRENT] (81130)
[APPREC-INCREASE-CURRENT] 50037
[NET-CHANGE-FROM-OPS] 75204
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 107724
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31611
[NUMBER-OF-SHARES-REDEEMED] 42148
[SHARES-REINVESTED] 10308
[NET-CHANGE-IN-ASSETS] (32805)
[ACCUMULATED-NII-PRIOR] 3988
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 129505
[GROSS-ADVISORY-FEES] 7367
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 10071
[AVERAGE-NET-ASSETS] 1146454
[PER-SHARE-NAV-BEGIN] 8.37
[PER-SHARE-NII] .75
[PER-SHARE-GAIN-APPREC] (.20)
[PER-SHARE-DIVIDEND] .76
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.16
[EXPENSE-RATIO] .88
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
