STATE STREET RESEARCH INCOME TRUST
NSAR-B, 1999-05-28
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<PAGE>      PAGE  1
000 B000000 03/31/99
000 C000000 787980
000 D000000 N
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002 C000000 MA
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003  000000 N
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006  000000 N
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012 A00AA01 STATE STREET RESEARCH SERVICE CENTER
<PAGE>      PAGE  2
012 B00AA01 85-26468
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02111
012 C04AA01 2690
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 STATE STREET RESEARCH INVESTMENT SERVICES INC
014 B00AA01 8-35442
014 A00AA02 METROPOLITAN LIFE INSURANCE COMPANY
014 B00AA02 8-14901
014 A00AA03 DELETE
014 A00AA04 DELETE
014 A00AA05 DELETE
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<PAGE>      PAGE  3
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022 C000009    175941
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
036 B000300      0
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<PAGE>      PAGE  12
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 Y
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<PAGE>      PAGE  13
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070 K020300 N
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070 L020300 Y
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070 M020300 Y
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
076  000300     0.00
SIGNATURE   DOUGLAS A. ROMICH
TITLE       ASSISTANT TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      763,737,687
<INVESTMENTS-AT-VALUE>                     822,661,476
<RECEIVABLES>                               22,352,238
<ASSETS-OTHER>                                  99,115
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             845,112,829
<PAYABLE-FOR-SECURITIES>                    24,724,130
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  101,161,294
<TOTAL-LIABILITIES>                        125,885,424
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   657,502,451
<SHARES-COMMON-STOCK>                       29,778,612
<SHARES-COMMON-PRIOR>                       28,496,828
<ACCUMULATED-NII-CURRENT>                    1,544,151
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        144,809
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               719,227,405
<DIVIDEND-INCOME>                            4,258,240
<INTEREST-INCOME>                           21,785,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              12,107,174
<NET-INVESTMENT-INCOME>                     13,936,948
<REALIZED-GAINS-CURRENT>                    26,894,384
<APPREC-INCREASE-CURRENT>                 (49,954,566)
<NET-CHANGE-FROM-OPS>                      (9,123,234)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (6,552,247)
<DISTRIBUTIONS-OF-GAINS>                  (25,005,097)
<DISTRIBUTIONS-OTHER>                        (433,237)
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<NET-CHANGE-IN-ASSETS>                    (30,622,854)
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<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             12,172,737
<AVERAGE-NET-ASSETS>                       729,896,164
<PER-SHARE-NAV-BEGIN>                            11.60
<PER-SHARE-NII>                                   0.25
<PER-SHARE-GAIN-APPREC>                         (0.35)
<PER-SHARE-DIVIDEND>                            (0.22)
<PER-SHARE-DISTRIBUTIONS>                       (0.87)
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                              10.40
<EXPENSE-RATIO>                                   1.28
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-31-1999
<PERIOD-END>                               MAR-31-1999
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<INVESTMENTS-AT-VALUE>                     822,661,476
<RECEIVABLES>                               22,352,238
<ASSETS-OTHER>                                  99,115
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             845,112,829
<PAYABLE-FOR-SECURITIES>                    24,724,130
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<NET-ASSETS>                               719,227,405
<DIVIDEND-INCOME>                            4,258,240
<INTEREST-INCOME>                           21,785,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              12,107,174
<NET-INVESTMENT-INCOME>                     13,936,948
<REALIZED-GAINS-CURRENT>                    26,894,384
<APPREC-INCREASE-CURRENT>                 (49,954,566)
<NET-CHANGE-FROM-OPS>                      (9,123,234)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (4,962,495)
<DISTRIBUTIONS-OF-GAINS>                  (29,297,803)
<DISTRIBUTIONS-OTHER>                        (519,581)
<NUMBER-OF-SHARES-SOLD>                      6,312,468
<NUMBER-OF-SHARES-REDEEMED>                (6,409,575)
<SHARES-REINVESTED>                          3,246,306
<NET-CHANGE-IN-ASSETS>                    (30,622,854)
<ACCUMULATED-NII-PRIOR>                      2,015,262
<ACCUMULATED-GAINS-PRIOR>                   29,827,380
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,412,219
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             12,172,737
<AVERAGE-NET-ASSETS>                       729,896,164
<PER-SHARE-NAV-BEGIN>                            11.55
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           0.34
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (0.87)
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                              10.36
<EXPENSE-RATIO>                                   2.03
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 034
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      763,737,687
<INVESTMENTS-AT-VALUE>                     822,661,476
<RECEIVABLES>                               22,352,238
<ASSETS-OTHER>                                  99,115
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             845,112,829
<PAYABLE-FOR-SECURITIES>                    24,724,130
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  101,161,294
<TOTAL-LIABILITIES>                        125,885,424
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   657,502,451
<SHARES-COMMON-STOCK>                        1,976,716
<SHARES-COMMON-PRIOR>                        2,057,545
<ACCUMULATED-NII-CURRENT>                    1,544,151
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        144,809
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    60,035,994
<NET-ASSETS>                               719,227,405
<DIVIDEND-INCOME>                            4,258,240
<INTEREST-INCOME>                           21,785,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              12,107,174
<NET-INVESTMENT-INCOME>                     13,936,948
<REALIZED-GAINS-CURRENT>                    26,894,384
<APPREC-INCREASE-CURRENT>                 (49,954,566)
<NET-CHANGE-FROM-OPS>                      (9,123,234)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (288,622)
<DISTRIBUTIONS-OF-GAINS>                   (1,782,441)
<DISTRIBUTIONS-OTHER>                         (30,773)
<NUMBER-OF-SHARES-SOLD>                        412,134
<NUMBER-OF-SHARES-REDEEMED>                  (673,754)
<SHARES-REINVESTED>                            180,791
<NET-CHANGE-IN-ASSETS>                    (30,622,854)
<ACCUMULATED-NII-PRIOR>                      2,015,262
<ACCUMULATED-GAINS-PRIOR>                   29,827,380
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,412,219
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             12,172,737
<AVERAGE-NET-ASSETS>                       729,896,164
<PER-SHARE-NAV-BEGIN>                            11.57
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                         (0.34)
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (0.87)
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                              10.38
<EXPENSE-RATIO>                                   2.03
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 035
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS B1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      763,737,687
<INVESTMENTS-AT-VALUE>                     822,661,476
<RECEIVABLES>                               22,352,238
<ASSETS-OTHER>                                  99,115
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             845,112,829
<PAYABLE-FOR-SECURITIES>                    24,724,130
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  101,161,294
<TOTAL-LIABILITIES>                        125,885,424
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   657,502,451
<SHARES-COMMON-STOCK>                          993,052
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    1,544,151
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        144,809
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    60,035,994
<NET-ASSETS>                               719,227,405
<DIVIDEND-INCOME>                            4,258,240
<INTEREST-INCOME>                           21,785,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              12,107,174
<NET-INVESTMENT-INCOME>                     13,936,948
<REALIZED-GAINS-CURRENT>                    26,894,384
<APPREC-INCREASE-CURRENT>                 (49,954,566)
<NET-CHANGE-FROM-OPS>                      (9,123,234)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (42,086)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,015,988
<NUMBER-OF-SHARES-REDEEMED>                   (27,017)
<SHARES-REINVESTED>                              4,081
<NET-CHANGE-IN-ASSETS>                    (30,622,854)
<ACCUMULATED-NII-PRIOR>                      2,015,262
<ACCUMULATED-GAINS-PRIOR>                   29,827,380
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,412,219
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             12,172,737
<AVERAGE-NET-ASSETS>                       729,896,164
<PER-SHARE-NAV-BEGIN>                            10.35
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.01
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.36
<EXPENSE-RATIO>                                   2.08
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                    1,201,194,497
<INVESTMENTS-AT-VALUE>                   1,110,342,291
<RECEIVABLES>                               27,186,399
<ASSETS-OTHER>                                 197,527
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,137,726,217
<PAYABLE-FOR-SECURITIES>                     5,817,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   45,812,747
<TOTAL-LIABILITIES>                         51,630,247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,190,106,901
<SHARES-COMMON-STOCK>                      114,689,932
<SHARES-COMMON-PRIOR>                      108,622,224
<ACCUMULATED-NII-CURRENT>                    2,674,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    15,777,024
<ACCUM-APPREC-OR-DEPREC>                  (90,908,121)
<NET-ASSETS>                             1,086,095,970
<DIVIDEND-INCOME>                           11,314,514
<INTEREST-INCOME>                          104,153,616
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              14,196,724
<NET-INVESTMENT-INCOME>                    101,271,406
<REALIZED-GAINS-CURRENT>                     4,078,740
<APPREC-INCREASE-CURRENT>                (144,035,477)
<NET-CHANGE-FROM-OPS>                     (38,685,331)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (65,376,715)
<DISTRIBUTIONS-OF-GAINS>                   (9,878,189)
<DISTRIBUTIONS-OTHER>                      (9,170,762)
<NUMBER-OF-SHARES-SOLD>                     20,276,045
<NUMBER-OF-SHARES-REDEEMED>                 24,073,358
<SHARES-REINVESTED>                          9,865,021
<NET-CHANGE-IN-ASSETS>                    (20,851,357)
<ACCUMULATED-NII-PRIOR>                      2,927,957
<ACCUMULATED-GAINS-PRIOR>                   11,432,291
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,463,062
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             14,264,259
<AVERAGE-NET-ASSETS>                     1,085,161,307
<PER-SHARE-NAV-BEGIN>                             6.62
<PER-SHARE-NII>                                   0.58
<PER-SHARE-GAIN-APPREC>                         (0.80)
<PER-SHARE-DIVIDEND>                            (0.58)
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                            (0.08)
<PER-SHARE-NAV-END>                               5.65
<EXPENSE-RATIO>                                   1.06
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                    1,201,194,497
<INVESTMENTS-AT-VALUE>                   1,110,342,291
<RECEIVABLES>                               27,186,399
<ASSETS-OTHER>                                 197,527
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,137,726,217
<PAYABLE-FOR-SECURITIES>                     5,817,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   45,812,747
<TOTAL-LIABILITIES>                         51,630,247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,190,106,901
<SHARES-COMMON-STOCK>                       59,860,235
<SHARES-COMMON-PRIOR>                       52,518,757
<ACCUMULATED-NII-CURRENT>                    2,674,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    15,777,024
<ACCUM-APPREC-OR-DEPREC>                  (90,908,121)
<NET-ASSETS>                             1,086,095,970
<DIVIDEND-INCOME>                           11,314,514
<INTEREST-INCOME>                          104,153,616
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              14,196,724
<NET-INVESTMENT-INCOME>                    101,271,406
<REALIZED-GAINS-CURRENT>                     4,078,740
<APPREC-INCREASE-CURRENT>                (144,035,477)
<NET-CHANGE-FROM-OPS>                     (38,685,331)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (31,354,348)
<DISTRIBUTIONS-OF-GAINS>                   (4,999,368)
<DISTRIBUTIONS-OTHER>                      (4,927,708)
<NUMBER-OF-SHARES-SOLD>                     16,017,044
<NUMBER-OF-SHARES-REDEEMED>                 12,746,528
<SHARES-REINVESTED>                          4,070,962
<NET-CHANGE-IN-ASSETS>                    (20,851,357)
<ACCUMULATED-NII-PRIOR>                      2,927,957
<ACCUMULATED-GAINS-PRIOR>                   11,432,291
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,463,062
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             14,264,259
<AVERAGE-NET-ASSETS>                     1,085,161,307
<PER-SHARE-NAV-BEGIN>                             6.58
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                         (0.79)
<PER-SHARE-DIVIDEND>                            (0.53)
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                            (0.08)
<PER-SHARE-NAV-END>                               5.62
<EXPENSE-RATIO>                                   1.81
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 013
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                    1,201,194,497
<INVESTMENTS-AT-VALUE>                   1,110,342,291
<RECEIVABLES>                               27,186,399
<ASSETS-OTHER>                                 197,527
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,137,726,217
<PAYABLE-FOR-SECURITIES>                     5,817,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   45,812,747
<TOTAL-LIABILITIES>                         51,630,247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,190,106,901
<SHARES-COMMON-STOCK>                        8,620,570
<SHARES-COMMON-PRIOR>                        1,194,458
<ACCUMULATED-NII-CURRENT>                    2,674,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    15,777,024
<ACCUM-APPREC-OR-DEPREC>                  (90,908,121)
<NET-ASSETS>                             1,086,095,970
<DIVIDEND-INCOME>                           11,314,514
<INTEREST-INCOME>                          104,153,616
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              14,196,724
<NET-INVESTMENT-INCOME>                    101,271,406
<REALIZED-GAINS-CURRENT>                     4,078,740
<APPREC-INCREASE-CURRENT>                (144,035,477)
<NET-CHANGE-FROM-OPS>                     (38,685,331)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,801,692)
<DISTRIBUTIONS-OF-GAINS>                     (185,070)
<DISTRIBUTIONS-OTHER>                        (386,636)
<NUMBER-OF-SHARES-SOLD>                      7,536,611
<NUMBER-OF-SHARES-REDEEMED>                  (504,050)
<SHARES-REINVESTED>                            393,551
<NET-CHANGE-IN-ASSETS>                    (20,851,357)
<ACCUMULATED-NII-PRIOR>                      2,927,957
<ACCUMULATED-GAINS-PRIOR>                   11,432,291
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,463,062
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             14,264,259
<AVERAGE-NET-ASSETS>                     1,085,161,307
<PER-SHARE-NAV-BEGIN>                             6.58
<PER-SHARE-NII>                                   0.58
<PER-SHARE-GAIN-APPREC>                         (0.79)
<PER-SHARE-DIVIDEND>                            (0.59)
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                            (0.08)
<PER-SHARE-NAV-END>                               5.61
<EXPENSE-RATIO>                                   0.81
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 014
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                    1,201,194,497
<INVESTMENTS-AT-VALUE>                   1,110,342,291
<RECEIVABLES>                               27,186,399
<ASSETS-OTHER>                                 197,527
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,137,726,217
<PAYABLE-FOR-SECURITIES>                     5,817,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   45,812,747
<TOTAL-LIABILITIES>                         51,630,247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,190,106,901
<SHARES-COMMON-STOCK>                        7,169,487
<SHARES-COMMON-PRIOR>                        5,248,228
<ACCUMULATED-NII-CURRENT>                    2,674,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    15,777,024
<ACCUM-APPREC-OR-DEPREC>                  (90,908,121)
<NET-ASSETS>                             1,086,095,970
<DIVIDEND-INCOME>                           11,314,514
<INTEREST-INCOME>                          104,153,616
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              14,196,724
<NET-INVESTMENT-INCOME>                    101,271,406
<REALIZED-GAINS-CURRENT>                     4,078,740
<APPREC-INCREASE-CURRENT>                (144,035,477)
<NET-CHANGE-FROM-OPS>                     (38,685,331)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,495,607)
<DISTRIBUTIONS-OF-GAINS>                     (539,370)
<DISTRIBUTIONS-OTHER>                        (571,701)
<NUMBER-OF-SHARES-SOLD>                      4,100,226
<NUMBER-OF-SHARES-REDEEMED>                (2,663,155)
<SHARES-REINVESTED>                            484,188
<NET-CHANGE-IN-ASSETS>                    (20,851,357)
<ACCUMULATED-NII-PRIOR>                      2,927,957
<ACCUMULATED-GAINS-PRIOR>                   11,432,291
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,463,062
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             14,264,259
<AVERAGE-NET-ASSETS>                     1,085,161,307
<PER-SHARE-NAV-BEGIN>                             6.59
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                         (0.79)
<PER-SHARE-DIVIDEND>                            (0.53)
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                            (0.08)
<PER-SHARE-NAV-END>                               5.63
<EXPENSE-RATIO>                                   1.81
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 015
   <NAME> STATE STREET RESEARCH HIGH INCOME FUND CLASS B1

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                    1,201,194,497
<INVESTMENTS-AT-VALUE>                   1,110,342,291
<RECEIVABLES>                               27,186,399
<ASSETS-OTHER>                                 197,527
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,137,726,217
<PAYABLE-FOR-SECURITIES>                     5,817,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   45,812,747
<TOTAL-LIABILITIES>                         51,630,247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,190,106,901
<SHARES-COMMON-STOCK>                        2,267,532
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    2,674,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    15,777,024
<ACCUM-APPREC-OR-DEPREC>                  (90,908,121)
<NET-ASSETS>                             1,086,095,970
<DIVIDEND-INCOME>                           11,314,514
<INTEREST-INCOME>                          104,153,616
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              14,196,724
<NET-INVESTMENT-INCOME>                    101,271,406
<REALIZED-GAINS-CURRENT>                     4,078,740
<APPREC-INCREASE-CURRENT>                (144,035,477)
<NET-CHANGE-FROM-OPS>                     (38,685,331)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (126,881)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,306,218
<NUMBER-OF-SHARES-REDEEMED>                   (47,435)
<SHARES-REINVESTED>                              8,749
<NET-CHANGE-IN-ASSETS>                    (20,851,357)
<ACCUMULATED-NII-PRIOR>                      2,927,957
<ACCUMULATED-GAINS-PRIOR>                   11,432,291
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,463,062
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             14,264,259
<AVERAGE-NET-ASSETS>                     1,085,161,307
<PER-SHARE-NAV-BEGIN>                             5.62
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           0.01
<PER-SHARE-DIVIDEND>                            (0.13)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.62
<EXPENSE-RATIO>                                   1.74
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787980
<NAME> STATE STREET RESEARCH INCOME TRUST
<SERIES>
   <NUMBER> 033
   <NAME> STATE STREET RESEARCH MANAGED ASSETS CLASS S

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      763,737,687
<INVESTMENTS-AT-VALUE>                     822,661,476
<RECEIVABLES>                               22,352,238
<ASSETS-OTHER>                                  99,115
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             845,112,829
<PAYABLE-FOR-SECURITIES>                    24,724,130
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  101,161,294
<TOTAL-LIABILITIES>                        125,885,424
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   657,502,451
<SHARES-COMMON-STOCK>                        1,456,078
<SHARES-COMMON-PRIOR>                        2,298,157
<ACCUMULATED-NII-CURRENT>                    1,544,151
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        144,809
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    60,035,994
<NET-ASSETS>                               719,227,405
<DIVIDEND-INCOME>                            4,258,240
<INTEREST-INCOME>                           21,785,882
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              12,107,174
<NET-INVESTMENT-INCOME>                     13,936,948
<REALIZED-GAINS-CURRENT>                    26,894,384
<APPREC-INCREASE-CURRENT>                 (49,954,566)
<NET-CHANGE-FROM-OPS>                      (9,123,234)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (427,400)
<DISTRIBUTIONS-OF-GAINS>                   (1,606,730)
<DISTRIBUTIONS-OTHER>                         (21,048)
<NUMBER-OF-SHARES-SOLD>                        485,399
<NUMBER-OF-SHARES-REDEEMED>                (1,520,824)
<SHARES-REINVESTED>                            193,346
<NET-CHANGE-IN-ASSETS>                    (30,622,854)
<ACCUMULATED-NII-PRIOR>                      2,015,262
<ACCUMULATED-GAINS-PRIOR>                   29,827,380
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,412,219
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             12,172,737
<AVERAGE-NET-ASSETS>                       729,896,164
<PER-SHARE-NAV-BEGIN>                            11.60
<PER-SHARE-NII>                                   0.27
<PER-SHARE-GAIN-APPREC>                         (0.34)
<PER-SHARE-DIVIDEND>                            (0.25)
<PER-SHARE-DISTRIBUTIONS>                       (0.87)
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                              10.40
<EXPENSE-RATIO>                                   1.03
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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