PRINCOR HIGH YIELD FUND INC
NSAR-B, 1994-12-22
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000 B000000 10/31/94
000 C000000 814508
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001 A000000 PRINCOR HIGH YIELD FUND, INC.
001 B000000 811-5174
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
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014 A000001 PRINCOR FINANCIAL SERVICES CORPORATION
014 B000001 8-01137
014 A000002 PRINCIPAL FINANCIAL SECURIITIES, INC.
014 B000002 8-17269
014 A000003 MORGAN STANLEY INCORPORATED & CO.
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<PAGE>      PAGE  7
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080 A000000 ICI MUTUAL INSURANCE COMPANY
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SIGNATURE   ARTHUR S. FILEAN                             
TITLE       V. PRES. & SECRETARY
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                       20,368,657
<INVESTMENTS-AT-VALUE>                      19,790,125
<RECEIVABLES>                                  519,028
<ASSETS-OTHER>                                   1,923
<OTHER-ITEMS-ASSETS>                           149,049
<TOTAL-ASSETS>                              20,460,125
<PAYABLE-FOR-SECURITIES>                       622,125
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       35,608
<TOTAL-LIABILITIES>                            657,733
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    23,138,523
<SHARES-COMMON-STOCK>                        2,527,529
<SHARES-COMMON-PRIOR>                        2,289,860
<ACCUMULATED-NII-CURRENT>                      139,643
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (2,897,242)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (578,532)
<NET-ASSETS>                                19,802,392
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 288,989
<NET-INVESTMENT-INCOME>                      1,551,128
<REALIZED-GAINS-CURRENT>                     (323,328)
<APPREC-INCREASE-CURRENT>                    (954,699)
<NET-CHANGE-FROM-OPS>                          273,101
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,576,325)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        514,435
<NUMBER-OF-SHARES-REDEEMED>                  (419,999)
<SHARES-REINVESTED>                            143,233
<NET-CHANGE-IN-ASSETS>                         648,818
<ACCUMULATED-NII-PRIOR>                        164,840
<ACCUMULATED-GAINS-PRIOR>                  (2,573,650)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          119,036
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                288,989
<AVERAGE-NET-ASSETS>                        19,837,639
<PER-SHARE-NAV-BEGIN>                             8.36
<PER-SHARE-NII>                                    .63
<PER-SHARE-GAIN-APPREC>                          (.51)
<PER-SHARE-DIVIDEND>                             (.65)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.83
<EXPENSE-RATIO>                                   1.46
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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