HIGH YIELD INCOME FUND INC
NSAR-B/A, 1998-11-10
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<PAGE>      PAGE  1
000 B000000 08/31/98
000 C000000 0000820537
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001 A000000 THE HIGH YIELD INCOME FUND, INC.
001 B000000 811-5296
001 C000000 8004516788
002 A000000 100 MULBERRY STREET, GATEWAY CENTER 3
002 B000000 NEWARK
002 C000000 NJ
002 D010000 07102
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008 B000001 S
008 C000001 801-22808
008 D010001 NEWARK
008 D020001 NJ
008 D030001 07102
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010 A000001 PRUDENTIAL MUTUAL FUND MANAGEMENT, LLC
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<PAGE>      PAGE  2
012 A000001 STATE STREET BANK AND TRUST COMPANY
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013 A000001 PRICE WATERHOUSECOPPERS LLP
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022 B000001 13-3299429
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022 A000002 CREDIT SUISSE FIRST BOSTON CORPORATION
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022 A000003 SALOMAN SMITH BARNEY, INC.
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022 A000004 DEUTSCHE BANK SECURITIES CORPORATION
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022 A000005 SBC WARBURG INC.
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022 C000005     61653
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022 A000006 MORGAN (J.P.) SECURITIES, INC.
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022 A000007 GOLDMAN, SACHS & CO.
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022 A000009 UBS SECURITIES, INC.
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022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
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<PAGE>      PAGE  9
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SIGNATURE   GRACE TORRES                                 
TITLE       TREASURER           
 


<TABLE> <S> <C>











<ARTICLE> 6
<CIK> 0000820537
<NAME> THE HIGH YIELD INCOME FUND, INC.
<SERIES>
   <NUMBER> 001
   <NAME> HIGH YIELD INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                      YEAR
<FISCAL-YEAR-END>                          AUG-31-1998
<PERIOD-END>                               AUG-31-1998
<INVESTMENTS-AT-COST>                      101,330,151
<INVESTMENTS-AT-VALUE>                      96,069,200
<RECEIVABLES>                                1,997,026
<ASSETS-OTHER>                                   2,514
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   20,437,050
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   100,947,637
<SHARES-COMMON-STOCK>                       11,239,274
<SHARES-COMMON-PRIOR>                       11,157,762
<ACCUMULATED-NII-CURRENT>                      132,577
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (18,187,573)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    (5,260,951)
<NET-ASSETS>                               (22,397,036)
<DIVIDEND-INCOME>                              241,708
<INTEREST-INCOME>                           10,264,810
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,260,195
<NET-INVESTMENT-INCOME>                      8,246,323
<REALIZED-GAINS-CURRENT>                     2,347,417
<APPREC-INCREASE-CURRENT>                  (10,100,678)
<NET-CHANGE-FROM-OPS>                          493,062
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (8,064,957)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                            623,068
<NET-CHANGE-IN-ASSETS>                      (6,948,827)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (20,534,990)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          600,221
<INTEREST-EXPENSE>                           1,330,799
<GROSS-EXPENSE>                              2,260,195
<AVERAGE-NET-ASSETS>                        85,511,000
<PER-SHARE-NAV-BEGIN>                             7.58
<PER-SHARE-NII>                                   0.74
<PER-SHARE-GAIN-APPREC>                          (0.69)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                        (0.72)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               6.91
<EXPENSE-RATIO>                                   2.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>

For the fiscal year ended (a) August 31, 1998
File number: 811-5296

                          SUB-ITEM 77C
      Submission of Matters to a Vote of Security Holders


     A  Special  Meeting of Shareholders  was
held  on  December 9, 1997.  At such  meeting
the   shareholders  approved  the   following
proposals:


     a)   Approval  of  the election  of  the
          following  Directors each  to  hold
          office  until the earlier to  occur
          of   (i)   the   next  meeting   of
          Shareholders at which Directors are
          elected  and  until  his   or   her
          successor  shall  have  been   duly
          elected and shall have qualified or
          (ii)   their   terms   expire    in
          accordance    with    the    Fund's
          retirement policy:

                                  Affirmative
Authority
votes cast           Withheld
          Class I
          
          Mendel A. Melzer          8,956,501
                    210,758
          
          Nancy Hays    Teeters     8,952,434
                    214,824
          
          Louis A. Weil,    III     8,956,738
                    210,521
          

     b)   Approval   of   the  selection   of
          independent  accountants  for   the
          Fund conditioned upon the right  by
          vote  of a majority of such  Fund's
          outstanding  voting shares  at  any
          meeting  called for the purpose  to
          terminate such employment forthwith
          without penalties.

          Affirmative               Negative
          votes cast               votes cast
Abstain
          8,950,071                   120,721
96,467
          







October 29, 1998


To the Shareholders and Board of Directors
of
The High Yield Income Fund, Inc.

In planning and performing our audit of the
financial statements of The High Yield
Income Fund, Inc. (the "Fund") for the year
ended August 31, 1998, we considered its
internal control, including control
activities for safeguarding securities, in
order to determine our auditing procedures
for the purpose of expressing our opinion on
the financial statements and to comply with
the requirements of Form N-SAR, not to
provide assurance on internal control.

The management of the Fund is responsible
for establishing and maintaining internal
control.  In fulfilling this responsibility,
estimates and judgments by management are
required to assess the expected benefits and
related costs of controls.  Generally,
controls that are relevant to an audit
pertain to the entity's objective of
preparing financial statements for external
purposes that are fairly presented in
conformity with generally accepted
accounting principles.  Those controls
include the safeguarding of assets against
unauthorized acquisition, use or
disposition.

Because of inherent limitations in internal
control, errors or fraud may occur and not
be detected.  Also, projection of any
evaluation of internal control to future
periods is subject to the risk that it may
become inadequate because of changes in
conditions or that the effectiveness of the
design and operation may deteriorate.

Our consideration of internal control would
not necessarily disclose all matters in
internal control that might be material
weaknesses under standards established by
the American Institute of Certified Public
Accountants.  A material weakness is a
condition in which the design or operation
of one or more of the internal control
components does not reduce to a relatively
low level the risk that misstatements caused
by error or fraud in amounts that would be
material in relation to the financial
statements being audited may occur and not
be detected within a timely period by
employees in the normal course of performing
their assigned functions.  However, we noted
no matters involving internal control and
its operation, including controls for
safeguarding securities, that we consider to
be material weaknesses as defined above as
of August 31, 1998.

This report is intended solely for the
information and use of management and the
Board of Directors of the Fund and the
Securities and Exchange Commission.


PricewaterhouseCoopers LLP



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