HIGH INCOME ADVANTAGE TRUST
NSAR-A, 1995-05-24
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<PAGE>      PAGE  1
000 A000000 03/31/95
000 C000000 0000817908
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002 A000000 2 WORLD TRADE CENTER
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013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
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015 A000001 THE BANK OF NEW YORK
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SIGNATURE   SHELDON CURTIS                               
TITLE       VP & GENERAL COUNSEL
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Semi-Annual NSAR 3/31/95 High Income Advantage Trust
</LEGEND>
<CIK> 0000817908
<NAME> HIGH INCOME ADVANTAGE TRUST
       
<S>                             <C>
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<PERIOD-END>                               MAR-31-1995
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</TABLE>


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