HIGH INCOME ADVANTAGE TRUST
NSAR-A, 1997-05-27
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<PAGE>      PAGE  1
000 A000000 03/31/97
000 C000000 0000817908
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 HIGH INCOME ADVANTAGE TRUST
001 B000000 811-5337
001 C000000 2123922550
002 A000000 2 WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 DEAN WITTER INTERCAPITAL INC.
008 B000001 A
008 C000001 801-42061
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
012 A000001 DEAN WITTER TRUST COMPANY
012 B000001 84-1785
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07302
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 DEAN WITTER REYNOLDS INC.
014 B000001 8-14172
015 A000001 THE BANK OF NEW YORK
015 B000001 C
<PAGE>      PAGE  2
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  126
019 C000000 DEANWITTER
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 BANK OF NEW YORK (THE)
022 B000001 13-5160382
022 C000001    397208
022 D000001         0
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002     74580
022 D000002       330
022 A000003 BANCAMERICA SECURITIES INC.
022 B000003 95-4035346
022 C000003     37643
022 D000003         0
022 A000004 JEFFERIES & COMPANY INC.
022 B000004 95-2622900
022 C000004     15514
022 D000004     18837
022 A000005 DONALDSON LUFKIN JENRETTE SEC.
022 B000005 13-2741729
022 C000005     19511
022 D000005     11979
022 A000006 BT SECURITIES CORP.
022 B000006 13-3311934
022 C000006     14756
022 D000006      7810
022 A000007 NATWEST SECURITIES CORP.
022 B000007 13-3312778
022 C000007      4339
022 D000007     17619
022 A000008 CITICORP SECURITIES INC.
022 B000008 13-3187336
022 C000008      3978
022 D000008     14812
<PAGE>      PAGE  3
022 A000009 WOOD GUNDY CORP.
022 B000009 13-5492430
022 C000009      4976
022 D000009     12929
022 A000010 FORD MOTOR CREDIT COMPANY
022 B000010 38-1612444
022 C000010     16977
022 D000010         0
023 C000000     657221
023 D000000     135329
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
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028 D030000         0
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028 E030000         0
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028 F020000         0
<PAGE>      PAGE  4
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.000
048 A010000   250000
048 A020000 0.750
048 B010000   250000
048 B020000 0.600
048 C010000   250000
048 C020000 0.500
048 D010000   250000
048 D020000 0.400
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
<PAGE>      PAGE  5
048 K010000  1000000
048 K020000 0.300
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
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054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   1.4
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
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062 P000000  95.1
062 Q000000   0.0
062 R000000   1.7
063 A000000   0
063 B000000  6.6
<PAGE>      PAGE  6
064 A000000 N
064 B000000 Y
065  000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
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070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
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070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    130011
071 B000000    136141
071 C000000    147249
071 D000000   88
072 A000000  6
072 B000000     9850
072 C000000        0
<PAGE>      PAGE  7
072 D000000        0
072 E000000        0
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072 G000000        0
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072 I000000       55
072 J000000       10
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072 X000000      717
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072 Z000000     9133
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073 A020000   0.0000
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073 C000000   0.0000
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074 D000000   143212
074 E000000     1840
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<PAGE>      PAGE  8
074 R010000        0
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074 R030000        0
074 R040000       72
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074 W000000   0.0000
074 X000000     7545
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075 A000000        0
075 B000000   153819
076  000000     5.90
077 A000000 N
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
086 A010000      0
086 A020000      0
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086 B020000      0
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086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 SHARES OF BENEFICIAL INTEREST
087 A020000 429674104
087 A030000 YLD
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   BARRY FINK                                   
TITLE       VP & GENERAL COUNSEL
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
HIGH INCOME ADVANTAGE TRUST
SEMI-ANNUAL NSAR 3/31/97
</LEGEND>
<CIK> 0000817908
<NAME> HIGH INCOME ADVANTAGE TRUST I
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                      173,192,132
<INVESTMENTS-AT-VALUE>                     147,881,328
<RECEIVABLES>                                9,089,905
<ASSETS-OTHER>                                  23,063
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             156,994,296
<PAYABLE-FOR-SECURITIES>                     6,206,578
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      222,174
<TOTAL-LIABILITIES>                          6,428,752
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   288,883,672
<SHARES-COMMON-STOCK>                       30,017,252
<SHARES-COMMON-PRIOR>                       30,017,252
<ACCUMULATED-NII-CURRENT>                    2,467,744
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                  (115,475,068)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (25,310,804)
<NET-ASSETS>                               150,565,544
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            9,849,863
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 716,796
<NET-INVESTMENT-INCOME>                      9,133,067
<REALIZED-GAINS-CURRENT>                  (14,145,080)
<APPREC-INCREASE-CURRENT>                   10,045,136
<NET-CHANGE-FROM-OPS>                        5,033,123
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   11,205,372
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (6,172,249)
<ACCUMULATED-NII-PRIOR>                      4,540,049
<ACCUMULATED-GAINS-PRIOR>                (101,329,988)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          576,822
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                716,796
<AVERAGE-NET-ASSETS>                       153,819,322
<PER-SHARE-NAV-BEGIN>                             5.22
<PER-SHARE-NII>                                   0.30
<PER-SHARE-GAIN-APPREC>                         (0.13)
<PER-SHARE-DIVIDEND>                            (0.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.02
<EXPENSE-RATIO>                                   0.93
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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