<PAGE>
000 A000000 06/30/97
000 C000000 0000000000
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE NEW AMERICA HIGH INCOME FUND, INC
001 B000000 811-5399
001 C000000 6173508610
002 A000000 TEN WINTHROP SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
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
020 A000001 WEEDEN & CO.
020 B000001 13-3364318
020 C000001 1
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 1
022 A000001 LEHMAN
022 B000001 13-2518466
022 C000001 561920
022 D000001 5144
022 A000002 JP MORGAN
022 B000002 13-3224016
<PAGE> PAGE 2
022 C000002 408486
022 D000002 876
022 A000003 PAINE WEBBER
022 B000003 13-2638166
022 C000003 347863
022 D000003 27804
022 A000004 AUBREY
022 B000004 13-5552129
022 C000004 252836
022 D000004 0
022 A000005 SWISS BANK CORP
022 B000005 13-3498485
022 C000005 243450
022 D000005 0
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006 40553
022 D000006 9708
022 A000007 CS FIRST BOSTON
022 B000007 13-5659485
022 C000007 30815
022 D000007 12987
022 A000008 CHASE
022 B000008 13-3112953
022 C000008 25511
022 D000008 14025
022 A000009 DONALDSON
022 B000009 13-2741729
022 C000009 28955
022 D000009 6026
022 A000010 GOLDMAN
022 B000010 13-5108880
022 C000010 14583
022 D000010 13246
023 C000000 2035191
023 D000000 141567
055 A000000 N
055 B000000 N
056 000000 N
057 000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 2.1
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
<PAGE> PAGE 3
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 92.8
062 Q000000 1.3
062 R000000 1.0
063 A000000 0
063 B000000 5.9
066 A000000 N
071 A000000 236399
071 B000000 137990
071 C000000 305027
071 D000000 45
072 A000000 6
072 B000000 15115
072 C000000 108
072 D000000 0
072 E000000 128
072 F000000 520
072 G000000 106
072 H000000 0
072 I000000 68
072 J000000 46
072 K000000 0
072 L000000 17
072 M000000 103
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 36
072 S000000 59
072 T000000 0
072 U000000 0
072 V000000 30
072 W000000 155
072 X000000 1140
072 Y000000 0
072 Z000000 14211
072AA000000 5798
072BB000000 0
072CC010000 1296
072CC020000 0
072DD010000 11783
072DD020000 0
072EE000000 0
073 A010000 0.2000
073 A020000 0.0000
073 B000000 0.0000
<PAGE> PAGE 4
073 C000000 0.0000
074 A000000 0
074 B000000 8179
074 C000000 0
074 D000000 367799
074 E000000 3677
074 F000000 42
074 G000000 0
074 H000000 0
074 I000000 25
074 J000000 5108
074 K000000 0
074 L000000 8540
074 M000000 249
074 N000000 393619
074 O000000 1684
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1359
074 S000000 150000
074 T000000 240576
074 U010000 48053
074 U020000 0
074 V010000 5.01
074 V020000 0.00
074 W000000 0.0000
074 X000000 7109
074 Y000000 0
075 A000000 0
075 B000000 324413
076 000000 5.13
077 A000000 Y
077 C000000 Y
077 I000000 Y
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 12337
086 A020000 55380
086 B010000 0
086 B020000 0
086 C010000 2000
086 C020000 50000
086 D010000 0
086 D020000 0
086 E010000 0
<PAGE> PAGE 5
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 SERIES C AUCTION TERM PREFERRED
087 A020000 641876602
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE
TITLE
<PAGE>
77. C.
On May 29, 1997 the Annual Meeting of Stockholders of The New America High
Income Fund, Inc. was held. The following proposal was approved by the Fund's
common and preferred stockholders.
1. To approve the Articles of Amendment which would split each share of the
Fund's outstanding Series A and Series B Auction Term Preferred Stock into two
shares of the same series, reduce the liquidation preference of each such share
form $50,000 to $25,000 plus accomulated and unpaid dividends and make certain
conforming technical changes.
Number of Shares
Votes For 38,273,153.834
Votes Against 1,284,423.715
<PAGE>
77. I.
At the May 29, 1997 Annual Meeting, the shareholders of the Fund's common and
preferred stock voted to split the Fund's Auction Term Preferred (ATP) Series A
and Series B 2:1. Effective June 3, 1997, the liquidation preference of the
Fund's Series B ATP was reduced from $50,000 per share to $25,000 per share
plus accumulated and unpaid dividends and the number of shares outstanding
doubled from 800 to 1,600 shares. Effective June 17, 1997, the liquidation
preference of the Fund's Series A ATP was reduced from $50,000 to $25,000 per
share plus accumulated and unpaid dividends and the number of shares outstanding
doubled from 1,200 to 2,400.
On May 6, 1997 the Fund issued 2,000 shares of Series C ATP. The Series C ATP
has a liquidation preference of $25,000 per share plus accumulated and unpaid
dividends.
The ATP is redeemable at the option of the Fund, or subject to mandatory
redemption (if the Fund is in default of certain coverage requirements) at a
redemption price equal to $25,000 per share plus accumulated and unpaid
dividends. The Fund is required to maintain certain asset coverages with respect
to the ATP under the Fund's Charter and the 1940 Act.
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 375914
<INVESTMENTS-AT-VALUE> 379722
<RECEIVABLES> 13648
<ASSETS-OTHER> 14
<OTHER-ITEMS-ASSETS> 235
<TOTAL-ASSETS> 393619
<PAYABLE-FOR-SECURITIES> 1684
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1359
<TOTAL-LIABILITIES> 3043
<SENIOR-EQUITY> 150000
<PAID-IN-CAPITAL-COMMON> 325348
<SHARES-COMMON-STOCK> 48053
<SHARES-COMMON-PRIOR> 35717
<ACCUMULATED-NII-CURRENT> 2799
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (91379)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3808
<NET-ASSETS> 390576
<DIVIDEND-INCOME> 108
<INTEREST-INCOME> 15115
<OTHER-INCOME> 128
<EXPENSES-NET> 1140
<NET-INVESTMENT-INCOME> 14211
<REALIZED-GAINS-CURRENT> 5798
<APPREC-INCREASE-CURRENT> 1296
<NET-CHANGE-FROM-OPS> 21305
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11877
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (94)
<NUMBER-OF-SHARES-SOLD> 11982
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 354
<NET-CHANGE-IN-ASSETS> 114168
<ACCUMULATED-NII-PRIOR> 371
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 520
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1140
<AVERAGE-NET-ASSETS> 324413
<PER-SHARE-NAV-BEGIN> 4.94
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> .17
<PER-SHARE-DIVIDEND> .27
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.01
<EXPENSE-RATIO> .71
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
