FORTRESS UTILITY FUND INC
NSAR-B, 1996-07-30
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SIGNATURE   S.ELLIOTT COHAN                              
TITLE       ASST.GEN. COUNSEL   
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Fortress Utility Fund, Inc.                    
                                                                               
                                                                               
<PERIOD-TYPE>                   12-MOS                                         
<FISCAL-YEAR-END>               May-31-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           0                                              
<INVESTMENTS-AT-VALUE>          0                                              
<RECEIVABLES>                   0                                              
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  0                                              
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       0                                              
<TOTAL-LIABILITIES>             0                                              
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        0                                              
<SHARES-COMMON-STOCK>           0                                              
<SHARES-COMMON-PRIOR>           61,388,625                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    0                                              
<DIVIDEND-INCOME>               34,055,577                                     
<INTEREST-INCOME>               3,785,642                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  9,031,747                                      
<NET-INVESTMENT-INCOME>         28,809,472                                     
<REALIZED-GAINS-CURRENT>        43,507,215                                     
<APPREC-INCREASE-CURRENT>       41,172,086                                     
<NET-CHANGE-FROM-OPS>           113,488,773                                    
<EQUALIZATION>                  2,557                                          
<DISTRIBUTIONS-OF-INCOME>       28,433,525                                     
<DISTRIBUTIONS-OF-GAINS>        16,146,667                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         5,436,189                                      
<NUMBER-OF-SHARES-REDEEMED>     68,885,845                                     
<SHARES-REINVESTED>             2,061,031                                      
<NET-CHANGE-IN-ASSETS>          51,545,390                                     
<ACCUMULATED-NII-PRIOR>         14,860,692                                     
<ACCUMULATED-GAINS-PRIOR>       (28,780,577)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           5,817,425                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 9,749,571                                      
<AVERAGE-NET-ASSETS>            774,399,111                                    
<PER-SHARE-NAV-BEGIN>           13.660                                         
<PER-SHARE-NII>                 0.500                                          
<PER-SHARE-GAIN-APPREC>         0.310                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.860                                         
<EXPENSE-RATIO>                 1.17                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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