FORTRESS MUNICIPAL INCOME FUND INC
NSAR-B, 1995-10-30
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<PAGE>      PAGE  1
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001 A000000 FORTRESS MUNICIPAL INCOME FUND, INC.
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002 A000000 FEDERATED INVESTORS TOWER
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<PAGE>      PAGE  2
012 A000001 FEDERATED SERVICES COMPANY
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
022 B000003 13-3224016
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   01                                             
     <NAME>                     Fortress Municipal Income Fund, Inc.           
                                                                               
                                                                               
<PERIOD-TYPE>                   12-MOS                                         
<FISCAL-YEAR-END>               Aug-31-1995                                    
<PERIOD-END>                    Aug-31-1995                                    
<INVESTMENTS-AT-COST>           408,318,588                                    
<INVESTMENTS-AT-VALUE>          418,522,314                                    
<RECEIVABLES>                   8,240,666                                      
<ASSETS-OTHER>                  25,279                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  426,788,259                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       778,618                                        
<TOTAL-LIABILITIES>             778,618                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        425,281,798                                    
<SHARES-COMMON-STOCK>           39,766,557                                     
<SHARES-COMMON-PRIOR>           44,721,434                                     
<ACCUMULATED-NII-CURRENT>       1,409,125                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (10,885,008)                                   
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        10,203,726                                     
<NET-ASSETS>                    426,009,641                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               31,163,706                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,637,420                                      
<NET-INVESTMENT-INCOME>         26,526,286                                     
<REALIZED-GAINS-CURRENT>        (5,755,376)                                    
<APPREC-INCREASE-CURRENT>       9,394,163                                      
<NET-CHANGE-FROM-OPS>           30,165,073                                     
<EQUALIZATION>                  (83,189)                                       
<DISTRIBUTIONS-OF-INCOME>       25,975,624                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,617,186                                      
<NUMBER-OF-SHARES-REDEEMED>     9,728,597                                      
<SHARES-REINVESTED>             1,156,534                                      
<NET-CHANGE-IN-ASSETS>          (46,221,936)                                   
<ACCUMULATED-NII-PRIOR>         941,652                                        
<ACCUMULATED-GAINS-PRIOR>       (5,129,632)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,576,669                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,654,069                                      
<AVERAGE-NET-ASSETS>            431,246,112                                    
<PER-SHARE-NAV-BEGIN>           10.560                                         
<PER-SHARE-NII>                 0.630                                          
<PER-SHARE-GAIN-APPREC>         0.150                                          
<PER-SHARE-DIVIDEND>            0.630                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.710                                         
<EXPENSE-RATIO>                 1.08                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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