<PAGE>
000 B000000 09/30/97
000 C000000 0000798075
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 HERITAGE INCOME-GROWTH TRUST
001 B000000 811-4767
001 C000000 8135733800
002 A000000 880 CARILLON PARKWAY
002 B000000 ST. PETERSBURG
002 C000000 FL
002 D010000 33716
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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007 C010100 1
007 C010200 2
007 C010300 3
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007 C010700 7
007 C010800 8
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007 C011000 10
020 A000001 RAYMOND JAMES & ASSOCIATES
020 B000001 59-1237041
020 C000001 31
020 A000002 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000002 13-2625874
020 C000002 23
020 A000003 BEAR, STEARNS & COMPANY, INC.
020 B000003 13-3299429
020 C000003 18
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004 14
020 A000005 SMITH BARNEY SHEARSON, INC.
020 B000005 13-1912900
020 C000005 10
020 A000006 NATWEST SECURITIES CORPORATION
020 B000006 13-3312778
020 C000006 8
<PAGE>
020 A000007 GREEN STREET
020 B000007 33-0275837
020 C000007 7
020 A000008 MORGAN (J.P.) SECURITIES, INC.
020 B000008 13-2655998
020 C000008 6
020 A000009 FORUM CAPITAL MARKETS
020 B000009 06-1351111
020 C000009 5
020 A000010 JEFFRIES & CO., INC.
020 B000010 59-2622900
020 C000010 5
021 000000 142
022 A000001 STATE STREET BANK AND TRUST CO.
022 B000001 04-1867445
022 C000001 1489205
022 D000001 0
022 A000002 FORUM CAPITAL MARKETS
022 B000002 06-1351111
022 C000002 4183
022 D000002 3389
022 A000003 JEFFRIES & CO., INC.
022 B000003 59-2622900
022 C000003 2650
022 D000003 3278
022 A000004 SMITH BARNEY SHEARSON, INC.
022 B000004 13-1912900
022 C000004 2419
022 D000004 1669
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005 2183
022 D000005 331
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 2269
022 D000006 0
022 A000007 BAIRD PATRICK & CO., INC.
022 B000007 13-2766571
022 C000007 0
022 D000007 1879
022 A000008 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000008 13-5674085
022 C000008 1769
022 D000008 0
022 A000009 PRUDENTIAL SECURITIES, INC.
022 B000009 22-2347336
022 C000009 881
022 D000009 404
022 A000010 PAINE WEBBER CAPITAL MARKETS
022 B000010 13-2638166
<PAGE>
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SIGNATURE STEPHEN G. HILL
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> HERITAGE INCOME GROWTH TRUST CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> SEP-30-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 71,470,461
<INVESTMENTS-AT-VALUE> 87,888,676
<RECEIVABLES> 8,954,739
<ASSETS-OTHER> 590,550
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 97,433,965
<PAYABLE-FOR-SECURITIES> 11,563,052
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 739,614
<TOTAL-LIABILITIES> 12,302,666
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,322,317
<SHARES-COMMON-STOCK> 5,123,751
<SHARES-COMMON-PRIOR> 3,336,227
<ACCUMULATED-NII-CURRENT> 236,695
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,154,071
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,418,216
<NET-ASSETS> 85,131,299
<DIVIDEND-INCOME> 1,776,778
<INTEREST-INCOME> 790,492
<OTHER-INCOME> 0
<EXPENSES-NET> 951,566
<NET-INVESTMENT-INCOME> 1,615,704
<REALIZED-GAINS-CURRENT> 6,655,879
<APPREC-INCREASE-CURRENT> 8,804,490
<NET-CHANGE-FROM-OPS> 17,076,073
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,478,319
<DISTRIBUTIONS-OF-GAINS> 5,246,324
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,945,701
<NUMBER-OF-SHARES-REDEEMED> 629,008
<SHARES-REINVESTED> 470,831
<NET-CHANGE-IN-ASSETS> 36,229,564
<ACCUMULATED-NII-PRIOR> 253,608
<ACCUMULATED-GAINS-PRIOR> 4,723,204
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 483,882
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 698,854
<AVERAGE-NET-ASSETS> 52,321,925
<PER-SHARE-NAV-BEGIN> 14.67
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 3.45
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 1.49
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.65
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> HERITAGE INCOME GROWTH TRUST CLASS C
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> SEP-30-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 71,470,461
<INVESTMENTS-AT-VALUE> 87,888,676
<RECEIVABLES> 8,954,739
<ASSETS-OTHER> 590,550
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 97,433,965
<PAYABLE-FOR-SECURITIES> 11,563,052
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 739,614
<TOTAL-LIABILITIES> 12,302,666
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,322,317
<SHARES-COMMON-STOCK> 5,123,751
<SHARES-COMMON-PRIOR> 3,336,227
<ACCUMULATED-NII-CURRENT> 236,695
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,154,071
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,418,216
<NET-ASSETS> 85,131,299
<DIVIDEND-INCOME> 1,776,778
<INTEREST-INCOME> 790,492
<OTHER-INCOME> 0
<EXPENSES-NET> 951,566
<NET-INVESTMENT-INCOME> 1,615,704
<REALIZED-GAINS-CURRENT> 6,655,879
<APPREC-INCREASE-CURRENT> 8,804,490
<NET-CHANGE-FROM-OPS> 17,076,073
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,478,319
<DISTRIBUTIONS-OF-GAINS> 5,246,324
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,945,701
<NUMBER-OF-SHARES-REDEEMED> 629,008
<SHARES-REINVESTED> 470,831
<NET-CHANGE-IN-ASSETS> 36,229,564
<ACCUMULATED-NII-PRIOR> 253,608
<ACCUMULATED-GAINS-PRIOR> 4,723,204
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 483,882
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 252,711
<AVERAGE-NET-ASSETS> 12,195,674
<PER-SHARE-NAV-BEGIN> 14.57
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 3.43
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 1.49
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 16.49
<EXPENSE-RATIO> 2.07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
For period ending 9-30-97
File Number 811-4767
Item 77.O Transactions effected pursuant to Rule 10f-3.
The following Rule 10f-3 transactions were effected by the Heritage
Income-Growth Trust:
<TABLE>
<CAPTION>
Date Securities
Security: Date of offering Purchase acquired Amount Total
Purchase: commenced: price: Commission: from: purchased: Offering:
<S> <C> <C> <C> <C> <C> <C> <C>
1. Hertz Corporation 04/25/97 04/25/97 24.00 $ 0.76 J.P. Morgan $ 94,800 $417,600,000
2. Boston Properties, Inc. 06/18/97 06/18/97 25.00 $ 0.95 Merrill Lynch $375,000 $785,000,000
3. Equity Office 07/08/97 07/08/97 21.00 $ 0.82 Merrill Lynch $420,000 $525,000,000
Properties Trust
4. Forum Capital 08/06/97 08/06/97 100.00 $ 2.10 Forum Capital $950,000 $100,000,000
5. Pan Pacific Retail 08/08/97 08/08/97 19.50 $ 0.70 Prudential/DLJ $234,000 $136,500,000
Properties
6. SL Green Realty 08/15/97 08/15/97 21.00 $0.79 Lehman $510,300 $214,200,000
Corporation
7. Security Capital 09/18/97 09/18/97 28.00 $1.10 J.P. Morgan $560,000 $420,000,000
Group, Class B
8. Parkway Properties 09/19/87 09/19/97 33.69 $1.05 Paine Webber $673,750 $3,000,000,000
</TABLE>
To the Board of Trustees
of Heritage Income-Growth Trust
Page 2
November 12, 1996
DC-208533.01
For period ended 09-30-97
File Number 811-4767
Sub-Item 77.B
Suite 2800 Telephone (813)
223-7577
400 North Ashley Street
Tampa, FL 33601-2640
PRICE WATERHOUSE LLP
To the Shareholders and Board of Trustees of
Heritage Income-Growth Trust
In planning and performing our audit of the financial statements of the Heritage
Income -Growth Trust (the "Fund") for the year ended September 30, 1997, we
considered its internal control structure, including control activities for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
control activities. Generally, control activities that are relevant to an audit
pertain to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those control activities include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or irregularities
may occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of any
specific internal control components does not reduce to a relatively low level
the risk that errors or irregularities in amounts that would be material in
relation to the financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving internal control,
including control activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of September 30, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/ Price Waterhouse LLP
- -------------------------------
Price Waterhouse LLP
Tampa, Florida
November 12, 1997
