<PAGE> PAGE 1
000 B000000 06/30/95
000 C000000 0000787491
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STEINROE INCOME TRUST
001 B000000 811-4552
001 C000000 3123687731
002 A000000 ONE SOUTH WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
077 A000000 Y
080 A00AA00 FEDERAL INSURANCE CO.
080 B00AA00 ICI MUTUAL INSURANCE CO.
080 C00AA00 35000
081 A00AA00 Y
081 B00AA00 20
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 3.8
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 12.6
062 N000100 0.0
062 O000100 0.0
<PAGE> PAGE 2
062 P000100 83.6
062 Q000100 0.0
062 R000100 0.0
071 A000100 116249
071 B000100 96993
071 C000100 150569
071 D000100 64
072 A000100 12
074 N000100 180431
074 T000100 174327
075 A000100 0
075 B000100 160186
062 A000200 Y
062 B000200 0.0
062 C000200 4.0
062 D000200 4.2
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 26.5
062 N000200 64.2
062 O000200 0.0
062 P000200 3.8
062 Q000200 0.0
062 R000200 0.0
071 A000200 91802
071 B000200 101251
071 C000200 40742
071 D000200 225
072 A000200 12
074 N000200 39406
074 T000200 37280
075 A000200 0
075 B000200 42245
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 4.2
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
<PAGE> PAGE 3
062 M000300 10.5
062 N000300 29.6
062 O000300 0.0
062 P000300 57.8
062 Q000300 0.0
062 R000300 0.0
071 A000300 461283
071 B000300 450049
071 C000300 277154
071 D000300 162
072 A000300 12
074 N000300 317079
074 T000300 301733
075 A000300 0
075 B000300 298207
062 A000400 Y
062 B000400 0.0
062 C000400 3.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 4.0
062 H000400 0.0
062 I000400 76.9
062 J000400 0.0
062 K000400 0.0
062 L000400 18.5
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
074 N000400 515347
074 T000400 498163
075 A000400 529763
075 B000400 0
062 A000500 Y
062 B000500 0.0
062 C000500 53.4
062 D000500 46.6
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
<PAGE> PAGE 4
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 12
074 N000500 103691
074 T000500 93318
075 A000500 102759
075 B000500 0
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 3.4
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 16.0
062 N000600 20.7
062 O000600 0.0
062 P000600 58.6
062 Q000600 0.0
062 R000600 0.0
071 A000600 17876
071 B000600 25073
071 C000600 27851
071 D000600 64
072 A000600 12
074 N000600 28067
074 T000600 27907
075 A000600 0
075 B000600 28717
SIGNATURE TIMOTHY ARMOUR
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> STEINROE GOVERNMENT INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 36905
<INVESTMENTS-AT-VALUE> 38298
<RECEIVABLES> 1004
<ASSETS-OTHER> 104
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 39406
<PAYABLE-FOR-SECURITIES> 1534
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 592
<TOTAL-LIABILITIES> 2126
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38147
<SHARES-COMMON-STOCK> 3786
<SHARES-COMMON-PRIOR> 4834
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2260)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1393
<NET-ASSETS> 37280
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3192
<OTHER-INCOME> 0
<EXPENSES-NET> 422
<NET-INVESTMENT-INCOME> 2770
<REALIZED-GAINS-CURRENT> (1162)
<APPREC-INCREASE-CURRENT> 2629
<NET-CHANGE-FROM-OPS> 4237
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2770
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1606
<NUMBER-OF-SHARES-REDEEMED> (2877)
<SHARES-REINVESTED> 223
<NET-CHANGE-IN-ASSETS> (8556)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1097)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 253
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 460
<AVERAGE-NET-ASSETS> 42245
<PER-SHARE-NAV-BEGIN> 9.48
<PER-SHARE-NII> .62
<PER-SHARE-GAIN-APPREC> .37
<PER-SHARE-DIVIDEND> (.62)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> .01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> STEINROE INTERMEDIATE BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 303223
<INVESTMENTS-AT-VALUE> 307877
<RECEIVABLES> 9036
<ASSETS-OTHER> 166
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 317079
<PAYABLE-FOR-SECURITIES> 12956
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2390
<TOTAL-LIABILITIES> 15346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 314227
<SHARES-COMMON-STOCK> 34787
<SHARES-COMMON-PRIOR> 35839
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (17176)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4654
<NET-ASSETS> 301733
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 22790
<OTHER-INCOME> 0
<EXPENSES-NET> 2087
<NET-INVESTMENT-INCOME> 20703
<REALIZED-GAINS-CURRENT> (11716)
<APPREC-INCREASE-CURRENT> 18957
<NET-CHANGE-FROM-OPS> 27944
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (20726)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13047
<NUMBER-OF-SHARES-REDEEMED> (16019)
<SHARES-REINVESTED> 1920
<NET-CHANGE-IN-ASSETS> (774)
<ACCUMULATED-NII-PRIOR> 51
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (5460)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1491
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2113
<AVERAGE-NET-ASSETS> 298207
<PER-SHARE-NAV-BEGIN> 8.44
<PER-SHARE-NII> .58
<PER-SHARE-GAIN-APPREC> .23
<PER-SHARE-DIVIDEND> (.58)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.67
<EXPENSE-RATIO> .007
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> STEINROE INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 167596
<INVESTMENTS-AT-VALUE> 174486
<RECEIVABLES> 5834
<ASSETS-OTHER> 111
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 180431
<PAYABLE-FOR-SECURITIES> 5487
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 617
<TOTAL-LIABILITIES> 6104
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 175478
<SHARES-COMMON-STOCK> 17807
<SHARES-COMMON-PRIOR> 16971
<ACCUMULATED-NII-CURRENT> 6
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8047)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6890
<NET-ASSETS> 174327
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13400
<OTHER-INCOME> 0
<EXPENSES-NET> 1313
<NET-INVESTMENT-INCOME> 12087
<REALIZED-GAINS-CURRENT> (2294)
<APPREC-INCREASE-CURRENT> 10187
<NET-CHANGE-FROM-OPS> 19980
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (12126)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6703
<NUMBER-OF-SHARES-REDEEMED> (6720)
<SHARES-REINVESTED> 853
<NET-CHANGE-IN-ASSETS> 7587
<ACCUMULATED-NII-PRIOR> 44
<ACCUMULATED-GAINS-PRIOR> (5753)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1011
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1361
<AVERAGE-NET-ASSETS> 160186
<PER-SHARE-NAV-BEGIN> 9.36
<PER-SHARE-NII> .71
<PER-SHARE-GAIN-APPREC> .43
<PER-SHARE-DIVIDEND> (.71)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> STEINROE LIMITED MATURITY INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 27904
<INVESTMENTS-AT-VALUE> 27638
<RECEIVABLES> 277
<ASSETS-OTHER> 152
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28067
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 160
<TOTAL-LIABILITIES> 160
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28913
<SHARES-COMMON-STOCK> 2877
<SHARES-COMMON-PRIOR> 3681
<ACCUMULATED-NII-CURRENT> 11
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (751)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (266)
<NET-ASSETS> 27907
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1803
<OTHER-INCOME> 0
<EXPENSES-NET> 130
<NET-INVESTMENT-INCOME> 1673
<REALIZED-GAINS-CURRENT> (548)
<APPREC-INCREASE-CURRENT> 736
<NET-CHANGE-FROM-OPS> 1861
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1664)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1814
<NUMBER-OF-SHARES-REDEEMED> (2739)
<SHARES-REINVESTED> 121
<NET-CHANGE-IN-ASSETS> (7476)
<ACCUMULATED-NII-PRIOR> 2
<ACCUMULATED-GAINS-PRIOR> (203)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 172
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 365
<AVERAGE-NET-ASSETS> 28717
<PER-SHARE-NAV-BEGIN> 9.61
<PER-SHARE-NII> .56
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> (.56)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.70
<EXPENSE-RATIO> .45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> STEINROE CASH RESERVES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 510300
<INVESTMENTS-AT-VALUE> 510300
<RECEIVABLES> 1227
<ASSETS-OTHER> 3820
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 515347
<PAYABLE-FOR-SECURITIES> 15000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2184
<TOTAL-LIABILITIES> 17184
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 498027
<SHARES-COMMON-STOCK> 498080
<SHARES-COMMON-PRIOR> 554545
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 136
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 498163
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 29632
<OTHER-INCOME> 0
<EXPENSES-NET> 4020
<NET-INVESTMENT-INCOME> 25612
<REALIZED-GAINS-CURRENT> (86)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 25527
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25612)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 746505
<NUMBER-OF-SHARES-REDEEMED> (826225)
<SHARES-REINVESTED> 23255
<NET-CHANGE-IN-ASSETS> (56550)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 222
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2649
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4020
<AVERAGE-NET-ASSETS> 529763
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .048
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.048)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> STEINROE GOVERNMENT RESERVES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 103210
<INVESTMENTS-AT-VALUE> 103210
<RECEIVABLES> 8
<ASSETS-OTHER> 473
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 103691
<PAYABLE-FOR-SECURITIES> 10000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 373
<TOTAL-LIABILITIES> 10373
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93360
<SHARES-COMMON-STOCK> 93360
<SHARES-COMMON-PRIOR> 105523
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (42)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 93318
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5495
<OTHER-INCOME> 0
<EXPENSES-NET> 720
<NET-INVESTMENT-INCOME> 4775
<REALIZED-GAINS-CURRENT> (7)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4768
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4775)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 69532
<NUMBER-OF-SHARES-REDEEMED> (85663)
<SHARES-REINVESTED> 3968
<NET-CHANGE-IN-ASSETS> (12170)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (35)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 514
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 771
<AVERAGE-NET-ASSETS> 102759
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .047
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.047)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>