PRICE T ROWE NEW INCOME FUND INC
NSAR-B, 1999-07-30
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<PAGE>      PAGE  1
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001 A000000 T. ROWE PRICE NEW INCOME FUND, INC.
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SIGNATURE   HENRY H. HOPKINS
TITLE       VICE PRESIDENT


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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000080249
<NAME> T. ROWE PRICE NEW INCOME FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAY-31-1999
<PERIOD-END>                               MAY-31-1999
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (16753)
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<DIVIDEND-INCOME>                                  498
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<NET-INVESTMENT-INCOME>                         127277
<REALIZED-GAINS-CURRENT>                       (20023)
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<DISTRIBUTIONS-OF-INCOME>                     (127389)
<DISTRIBUTIONS-OF-GAINS>                       (33390)
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[AVG-DEBT-OUTSTANDING]                               0
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</TABLE>


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