METLIFE STATE STREET INCOME TRUST
NSAR-B, 1996-05-29
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<PAGE>      PAGE  1
000 B000000 03/31/96
000 C000000 787980
000 D000000 N
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000 J000000 U
001 A000000 STATE STREET RESEARCH INCOME TRUST
001 B000000 811-4559
001 C000000 6173577800
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2690
003  000000 N
004  000000 N
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007 C030100 N
007 C010200  2
007 C010300  3
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007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
014 A00AA01 METLIFE SECURITIES, INC.
014 B00AA01 8-30447
014 A00AA02 STATE STREET RESEARCH INVESTMENT SERVICES INC
014 B00AA02 8-35442
014 A00AA03 METRIC CAPITAL CORP.
014 B00AA03 8-16829
014 A00AA04 METROPOLITAN LIFE INSURANCE CO.
014 B00AA04 8-14901
014 A00AA05 DELETE
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   21
019 C00AA00 STATESTRES
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
<PAGE>      PAGE  2
020 B000001 13-5674085
020 C000001     66
020 A000002 UBS SECURITIES, INC.
020 B000002 13-2932996
020 C000002     56
020 A000003 LAZARD FRERES & CO.
020 B000003 13-5545100
020 C000003     54
020 A000004 MORGAN STANLEY & CO. INC.
020 B000004 13-2655998
020 C000004     49
020 A000005 OPPENHEIMER & CO., INC.
020 B000005 13-2798343
020 C000005     39
020 A000006 CS FIRST BOSTON CORP
020 B000006 13-5659485
020 C000006     31
020 A000007 SALOMON BROTHERS, INC.
020 B000007 13-3082694
020 C000007     25
020 A000008 BEAR STEARNS & CO. INC.
020 B000008 13-3299429
020 C000008     24
020 A000009 LEHMAN BROTHERS
020 B000009 13-2518466
020 C000009     24
020 A000010 GOLDMAN SACHS & CO.
020 B000010 13-5108880
020 C000010     21
021  000000      886
022 A000001 FORD MOTOR CREDIT CO.
022 C000001    674158
022 D000001         0
022 A000002 PHILIP MORRIS COS.
022 C000002    387607
022 D000002         0
022 A000003 AMERICAN EXPRESS CREDIT CORP.
022 C000003    364553
022 D000003         0
022 A000004 HOUSEHOLD FINANCE CORP
022 C000004    273737
022 D000004         0
022 A000005 COMMERCIAL CREDIT CO.
022 C000005    219427
022 D000005         0
022 A000006 ASSOCIATES CORP. OF NORTH AMERICA
022 C000006    178071
022 D000006         0
022 A000007 GENERAL ELECTRIC CAPITAL CORP
022 C000007    146214
022 D000007         0
<PAGE>      PAGE  3
022 A000008 CARGILL INC
022 C000008    145034
022 D000008         0
022 A000009 BENEFICIAL CORP.
022 C000009    101386
022 D000009         0
022 A000010 CHEVRON OIL FINANCE CO.
022 C000010     81309
022 D000010         0
023 C000000    5242828
023 D000000     114334
024  00AA00 Y
025 A00AA01 LEHMAN BROTHERS, INC.
025 B00AA01 13-2518466
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<PAGE>      PAGE  4
078  000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00    15000
081 A00AA00 Y
081 B00AA00  25
082 A00AA00 N
082 B00AA00        0
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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066 A000300 Y
066 B000300 N
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066 D000300 N
066 E000300 N
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<PAGE>      PAGE  10
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SIGNATURE   DOUGLAS A. ROMICH                            
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 011
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      845,858,670
<INVESTMENTS-AT-VALUE>                     841,544,805
<RECEIVABLES>                               27,844,650
<ASSETS-OTHER>                                   5,830
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                    13,545,428
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,539,194
<TOTAL-LIABILITIES>                         18,084,622
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   882,687,710
<SHARES-COMMON-STOCK>                      108,658,175
<SHARES-COMMON-PRIOR>                      106,544,027
<ACCUMULATED-NII-CURRENT>                      635,185
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,698,367)
<ACCUM-APPREC-OR-DEPREC>                   (4,313,865)
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<DIVIDEND-INCOME>                            5,949,927
<INTEREST-INCOME>                           73,810,134
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              10,558,716
<NET-INVESTMENT-INCOME>                     69,201,345
<REALIZED-GAINS-CURRENT>                  (16,029,655)
<APPREC-INCREASE-CURRENT>                   43,116,209
<NET-CHANGE-FROM-OPS>                       96,287,899
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (60,859,257)
<DISTRIBUTIONS-OF-GAINS>                     (804,838)
<DISTRIBUTIONS-OTHER>                                0
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<OVERDIST-NET-GAINS-PRIOR>                (11,473,395)
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<PER-SHARE-NAV-BEGIN>                             5.80
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<EXPENSE-RATIO>                                   1.17
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 012
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS B
       
<S>                             <C>
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<INVESTMENTS-AT-VALUE>                     841,544,805
<RECEIVABLES>                               27,844,650
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             869,395,285
<PAYABLE-FOR-SECURITIES>                    13,545,428
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,539,194
<TOTAL-LIABILITIES>                         18,084,622
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   882,687,710
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<SHARES-COMMON-PRIOR>                       20,351,219
<ACCUMULATED-NII-CURRENT>                      635,185
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,698,367)
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<REALIZED-GAINS-CURRENT>                  (16,029,655)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (13,275,143)
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<ACCUMULATED-NII-PRIOR>                      1,789,475
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (11,473,395)
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<AVERAGE-NET-ASSETS>                       799,877,385
<PER-SHARE-NAV-BEGIN>                             5.79
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<PER-SHARE-DIVIDEND>                            (0.52)
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.93
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<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      845,858,670
<INVESTMENTS-AT-VALUE>                     841,544,805
<RECEIVABLES>                               27,844,650
<ASSETS-OTHER>                                   5,830
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             869,395,285
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,539,194
<TOTAL-LIABILITIES>                         18,084,622
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   882,687,710
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<SHARES-COMMON-PRIOR>                          445,864
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,698,367)
<ACCUM-APPREC-OR-DEPREC>                   (4,313,865)
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<OTHER-INCOME>                                       0
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<NET-CHANGE-FROM-OPS>                       96,287,899
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (319,668)
<DISTRIBUTIONS-OF-GAINS>                       (3,577)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        458,494
<NUMBER-OF-SHARES-REDEEMED>                  (298,694)
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<NET-CHANGE-IN-ASSETS>                     105,736,056
<ACCUMULATED-NII-PRIOR>                      1,789,475
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
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<EXPENSE-RATIO>                                   0.92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      845,858,670
<INVESTMENTS-AT-VALUE>                     841,544,805
<RECEIVABLES>                               27,844,650
<ASSETS-OTHER>                                   5,830
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             869,395,285
<PAYABLE-FOR-SECURITIES>                    13,545,428
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,539,194
<TOTAL-LIABILITIES>                         18,084,622
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   882,687,710
<SHARES-COMMON-STOCK>                        2,572,133
<SHARES-COMMON-PRIOR>                        1,167,801
<ACCUMULATED-NII-CURRENT>                      635,185
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (27,698,367)
<ACCUM-APPREC-OR-DEPREC>                   (4,313,865)
<NET-ASSETS>                               851,310,663
<DIVIDEND-INCOME>                            5,949,927
<INTEREST-INCOME>                           73,810,134
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              10,558,716
<NET-INVESTMENT-INCOME>                     69,201,345
<REALIZED-GAINS-CURRENT>                  (16,029,655)
<APPREC-INCREASE-CURRENT>                   43,116,209
<NET-CHANGE-FROM-OPS>                       96,287,899
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,000,485)
<DISTRIBUTIONS-OF-GAINS>                      (10,572)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,922,890
<NUMBER-OF-SHARES-REDEEMED>                  (596,429)
<SHARES-REINVESTED>                             77,871
<NET-CHANGE-IN-ASSETS>                     105,736,056
<ACCUMULATED-NII-PRIOR>                      1,789,475
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (11,473,395)
<GROSS-ADVISORY-FEES>                        5,199,204
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             10,558,716
<AVERAGE-NET-ASSETS>                       799,877,385
<PER-SHARE-NAV-BEGIN>                             5.79
<PER-SHARE-NII>                                   0.46
<PER-SHARE-GAIN-APPREC>                           0.21
<PER-SHARE-DIVIDEND>                            (0.52)
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.93
<EXPENSE-RATIO>                                   1.92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 031
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      387,233,484
<INVESTMENTS-AT-VALUE>                     437,072,304
<RECEIVABLES>                               11,712,829
<ASSETS-OTHER>                                  17,732
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             448,802,865
<PAYABLE-FOR-SECURITIES>                    13,555,653
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,652,769
<TOTAL-LIABILITIES>                         15,208,422
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   367,399,478
<SHARES-COMMON-STOCK>                       20,191,806
<SHARES-COMMON-PRIOR>                       20,697,855
<ACCUMULATED-NII-CURRENT>                    3,185,167
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,963,312
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    50,046,486
<NET-ASSETS>                               433,594,443
<DIVIDEND-INCOME>                            3,480,290
<INTEREST-INCOME>                           11,112,990
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,397,473
<NET-INVESTMENT-INCOME>                      8,195,807
<REALIZED-GAINS-CURRENT>                    33,933,659
<APPREC-INCREASE-CURRENT>                   38,037,693
<NET-CHANGE-FROM-OPS>                       80,167,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (5,148,650)
<DISTRIBUTIONS-OF-GAINS>                   (3,056,467)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,142,066
<NUMBER-OF-SHARES-REDEEMED>                (4,460,168)
<SHARES-REINVESTED>                            812,053
<NET-CHANGE-IN-ASSETS>                      61,411,270
<ACCUMULATED-NII-PRIOR>                      1,018,118
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (12,755,387)
<GROSS-ADVISORY-FEES>                        3,051,182
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,113,212
<AVERAGE-NET-ASSETS>                       403,279,067
<PER-SHARE-NAV-BEGIN>                             8.76
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                           1.72
<PER-SHARE-DIVIDEND>                            (0.26)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.29
<EXPENSE-RATIO>                                   1.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 032
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      387,233,484
<INVESTMENTS-AT-VALUE>                     437,072,304
<RECEIVABLES>                               11,712,829
<ASSETS-OTHER>                                  17,732
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             448,802,865
<PAYABLE-FOR-SECURITIES>                    13,555,653
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,652,769
<TOTAL-LIABILITIES>                         15,208,422
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   367,399,478
<SHARES-COMMON-STOCK>                       18,846,845
<SHARES-COMMON-PRIOR>                       17,423,324
<ACCUMULATED-NII-CURRENT>                    3,185,167
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,963,312
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    50,046,486
<NET-ASSETS>                               433,594,443
<DIVIDEND-INCOME>                            3,480,290
<INTEREST-INCOME>                           11,112,990
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,397,473
<NET-INVESTMENT-INCOME>                      8,195,807
<REALIZED-GAINS-CURRENT>                    33,933,659
<APPREC-INCREASE-CURRENT>                   38,037,693
<NET-CHANGE-FROM-OPS>                       80,167,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,355,386)
<DISTRIBUTIONS-OF-GAINS>                   (2,771,674)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,862,169
<NUMBER-OF-SHARES-REDEEMED>                (3,052,294)
<SHARES-REINVESTED>                            613,646
<NET-CHANGE-IN-ASSETS>                      61,411,270
<ACCUMULATED-NII-PRIOR>                      1,018,118
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (12,755,387)
<GROSS-ADVISORY-FEES>                        3,051,182
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,113,212
<AVERAGE-NET-ASSETS>                       403,279,067
<PER-SHARE-NAV-BEGIN>                             8.74
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           1.71
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.25
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      387,233,484
<INVESTMENTS-AT-VALUE>                     437,072,304
<RECEIVABLES>                               11,712,829
<ASSETS-OTHER>                                  17,732
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             448,802,865
<PAYABLE-FOR-SECURITIES>                    13,555,653
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,652,769
<TOTAL-LIABILITIES>                         15,208,422
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   367,399,478
<SHARES-COMMON-STOCK>                        1,900,101
<SHARES-COMMON-PRIOR>                        2,943,770
<ACCUMULATED-NII-CURRENT>                    3,185,167
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,963,312
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    50,046,486
<NET-ASSETS>                               433,594,443
<DIVIDEND-INCOME>                            3,480,290
<INTEREST-INCOME>                           11,112,990
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,397,473
<NET-INVESTMENT-INCOME>                      8,195,807
<REALIZED-GAINS-CURRENT>                    33,933,659
<APPREC-INCREASE-CURRENT>                   38,037,693
<NET-CHANGE-FROM-OPS>                       80,167,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (819,460)
<DISTRIBUTIONS-OF-GAINS>                     (490,395)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,072,850
<NUMBER-OF-SHARES-REDEEMED>                (2,251,394)
<SHARES-REINVESTED>                            134,875
<NET-CHANGE-IN-ASSETS>                      61,411,270
<ACCUMULATED-NII-PRIOR>                      1,018,118
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (12,755,387)
<GROSS-ADVISORY-FEES>                        3,051,182
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,113,212
<AVERAGE-NET-ASSETS>                       403,279,067
<PER-SHARE-NAV-BEGIN>                             8.77
<PER-SHARE-NII>                                   0.25
<PER-SHARE-GAIN-APPREC>                           1.71
<PER-SHARE-DIVIDEND>                            (0.28)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.29
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 034
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      387,233,484
<INVESTMENTS-AT-VALUE>                     437,072,304
<RECEIVABLES>                               11,712,829
<ASSETS-OTHER>                                  17,732
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             448,802,865
<PAYABLE-FOR-SECURITIES>                    13,555,653
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,652,769
<TOTAL-LIABILITIES>                         15,208,422
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   367,399,478
<SHARES-COMMON-STOCK>                        1,272,086
<SHARES-COMMON-PRIOR>                        1,460,284
<ACCUMULATED-NII-CURRENT>                    3,185,167
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,963,312
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    50,046,486
<NET-ASSETS>                               433,594,443
<DIVIDEND-INCOME>                            3,480,290
<INTEREST-INCOME>                           11,112,990
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,397,473
<NET-INVESTMENT-INCOME>                      8,195,807
<REALIZED-GAINS-CURRENT>                    33,933,659
<APPREC-INCREASE-CURRENT>                   38,037,693
<NET-CHANGE-FROM-OPS>                       80,167,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (240,897)
<DISTRIBUTIONS-OF-GAINS>                     (194,112)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        252,653
<NUMBER-OF-SHARES-REDEEMED>                  (482,326)
<SHARES-REINVESTED>                             41,475
<NET-CHANGE-IN-ASSETS>                      61,411,270
<ACCUMULATED-NII-PRIOR>                      1,018,118
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (12,755,387)
<GROSS-ADVISORY-FEES>                        3,051,182
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,113,212
<AVERAGE-NET-ASSETS>                       403,279,067
<PER-SHARE-NAV-BEGIN>                             8.75
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           1.72
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.27
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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