FORTRESS UTILITY FUND INC
NSAR-A, 1995-01-30
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<PAGE>      PAGE  1
000 A000000 11/30/94
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001 A000000 FORTRESS UTILITY FUND, INC.
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   1                                              
     <NAME>                     FORTRESS UTILITY FUND, INC.                    
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               May-31-1995                                    
<PERIOD-END>                    Nov-30-1994                                    
<INVESTMENTS-AT-COST>           789,513,732                                    
<INVESTMENTS-AT-VALUE>          778,953,572                                    
<RECEIVABLES>                   22,313,849                                     
<ASSETS-OTHER>                  42,673                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  801,310,094                                    
<PAYABLE-FOR-SECURITIES>        16,803,066                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       4,184,175                                      
<TOTAL-LIABILITIES>             20,987,241                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        790,584,403                                    
<SHARES-COMMON-STOCK>           65,947,045                                     
<SHARES-COMMON-PRIOR>           72,569,867                                     
<ACCUMULATED-NII-CURRENT>       20,052,035                                     
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (19,750,545)                                   
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (10,563,040)                                   
<NET-ASSETS>                    780,322,853                                    
<DIVIDEND-INCOME>               23,652,882                                     
<INTEREST-INCOME>               1,474,202                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,766,474                                      
<NET-INVESTMENT-INCOME>         20,360,610                                     
<REALIZED-GAINS-CURRENT>        (15,133,203)                                   
<APPREC-INCREASE-CURRENT>       (14,627,048)                                   
<NET-CHANGE-FROM-OPS>           (9,399,641)                                    
<EQUALIZATION>                  (1,938,150)                                    
<DISTRIBUTIONS-OF-INCOME>       18,422,460                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           3,994,036                                      
<NUMBER-OF-SHARES-SOLD>         4,597,180                                      
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<SHARES-REINVESTED>             928,478                                        
<NET-CHANGE-IN-ASSETS>          (112,167,386)                                  
<ACCUMULATED-NII-PRIOR>         24,046,071                                     
<ACCUMULATED-GAINS-PRIOR>       (4,617,342)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,192,329                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 5,220,928                                      
<AVERAGE-NET-ASSETS>            847,019,482                                    
<PER-SHARE-NAV-BEGIN>           12.300                                         
<PER-SHARE-NII>                 0.300                                          
<PER-SHARE-GAIN-APPREC>         (0.450)                                        
<PER-SHARE-DIVIDEND>            0.320                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.830                                         
<EXPENSE-RATIO>                 114                                            
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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