<PAGE> PAGE 1
000 A000000 04/30/98
000 C000000 820090
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
001 A000000 THE NEW YORK TAX-EXEMPT INCOME FUND, INC.
001 B000000 811-5278
001 C000000 3037683200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
002 C000000 CO
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007 C011000 10
008 A000001 OPPENHEIMERFUNDS, INC.
008 B000001 A
008 C000001 801-8253
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
008 D040001 0203
011 A000001 DELETE
011 A000002 DELETE
011 A000003 DELETE
011 A000004 DELETE
012 A000001 SHAREHOLDER FINANCIAL SERVICES, INC.
012 B000001 84-1128397
012 C010001 ENGLEWOOD
012 C020001 CO
012 C030001 80112
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 DENVER
013 B020001 CO
<PAGE> PAGE 2
013 B030001 80202
015 A000001 CITIBANK, N.A.
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10154
015 E010001 X
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020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
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022 A000001 BEAR STEARNS & CO., INC.
022 B000001 13-3299429
022 C000001 5079
022 D000001 1800
022 A000002 FIRST ALBANY CORP.
022 B000002 14-1391446
022 C000002 823
022 D000002 2084
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 1267
022 D000003 0
022 A000004 MORGAN GUARANTY TRUST CO.
022 B000004 13-5123346
022 C000004 1000
022 D000004 200
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022 C000005 79
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022 A000007 PRAGER MCCARTHY & SEALY PRG
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022 C000007 0
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<PAGE> PAGE 3
022 A000008 ZIEGLER SECURITIES
022 B000008 39-0727640
022 C000008 991
022 D000008 0
022 A000009 MORGAN STANLEY & CO., INC.
022 B000009 13-2655998
022 C000009 662
022 D000009 0
022 A000010 FIRST UNION CAPITAL MARKETS
022 B000010 56-1529080
022 C000010 0
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 820090
<NAME> THE NEW YORK TAX-EXEMPT INCOME FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 22,703,113
<INVESTMENTS-AT-VALUE> 23,621,961
<RECEIVABLES> 422,856
<ASSETS-OTHER> 9,377
<OTHER-ITEMS-ASSETS> 117,040
<TOTAL-ASSETS> 24,171,234
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,385
<TOTAL-LIABILITIES> 42,385
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,125,148
<SHARES-COMMON-STOCK> 2,517,893
<SHARES-COMMON-PRIOR> 2,500,098
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 88,505
<ACCUMULATED-NET-GAINS> 173,358
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 918,848
<NET-ASSETS> 24,128,849
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 737,156
<OTHER-INCOME> 0
<EXPENSES-NET> 104,746
<NET-INVESTMENT-INCOME> 632,410
<REALIZED-GAINS-CURRENT> 177,255
<APPREC-INCREASE-CURRENT> (225,125)
<NET-CHANGE-FROM-OPS> 584,540
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 748,178
<DISTRIBUTIONS-OF-GAINS> 272,510
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 17,795
<NET-CHANGE-IN-ASSETS> (263,323)
<ACCUMULATED-NII-PRIOR> 69,752
<ACCUMULATED-GAINS-PRIOR> 268,613
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 60,481
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 108,530
<AVERAGE-NET-ASSETS> 24,391,329
<PER-SHARE-NAV-BEGIN> 9.76
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.05
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0.11
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.58
<EXPENSE-RATIO> 0.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<PAGE>
Shareholder Meeting
On April 16, 1998, a special shareholder meeting was held at which the four
Trustees identified below were elected and the selection of Deloitte & Touche
LLP as the independent certified public accountants and auditors of the Fund for
the fiscal year beginning November 1, 1997 was ratified (Proposal No. 1) as
described in the Fund's proxy statement for that meeting. The following is a
report of the votes cast:
<TABLE>
<CAPTION>
Withheld/ Broker
Nominee/Proposal For Against Abstain Total Non-Votes
Trustees
<S> <C> <C> <C> <C> <C>
C. Howard Kast 2,042,243.123 32,129.029 0 2,074,372.152 160,705
Robert M. Kirchner 2,042,243.123 32,129.029 0 2,074,372.152 160,705
Ned M. Steel 2,042,243.123 32,129.029 0 2,074,372.152 160,705
George C. Bowen 2,042,243.123 32,129.029 0 2,074,372.152 160,705
Proposal No. 1 2,030,209.892 12,330.611 31,831.649 2,074,372.152 160,705
</TABLE>