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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 9
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SIGNATURE BARRY FINK
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<LEGEND>
HIGH INCOME ADVANTAGE TRUST
SEMI-ANNUAL
3/31/98
</LEGEND>
<CIK> 0000817908
<NAME> HIGH INCOME ADVANTAGE TRUST
<S> <C>
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