VANGUARD EQUITY INCOME FUND INC
NSAR-A, 1995-05-19
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001 A000000 VANGUARD EQUITY INCOME FUND, INC.
001 B000000 811-5445
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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008 A000001 NEWELL ASSOCIATES
008 B000001 A
008 C000001 801-26949
008 D010001 PALO ALTO
008 D020001 CA
008 D030001 94301
008 A000002 SPARE, KAPLAN, BISCHEL & ASSOCIATES
008 B000002 A
008 C000002 801-35258
008 D010002 SAN FRANCISCO
008 D020002 CA
008 D030002 94104
008 A000003 JOHN A. LEVIN & CO., INC.
008 B000003 A
008 C000003 801-18010
008 D010003 NEW YORK
008 D020003 NY
008 D030003 10020
018  000000 Y
019 A000000 Y
019 B000000   86
019 C000000 VANGUARDGR
020 A000001 FRANK RUSSELL SECURITIES, INC.
020 B000001 91-0604934
020 C000001    157
020 A000002 PAINEWEBBER INCORPORATED
020 B000002 13-2638166
020 C000002     50
020 A000003 STANDARD & POORS SECURITIES
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020 B000003 13-2671951
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020 A000004 BEAR STEARNS & CO.
020 B000004 13-3299429
020 C000004     40
020 A000005 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000005 13-5674085
020 C000005     35
020 A000006 GOLDMAN SACHS & CO.
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020 C000006     28
020 A000007 LEHMAN BROTHERS INC.
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020 C000007     25
020 A000008 BROADCORT CAPITAL CORP.
020 B000008 13-3144415
020 C000008     20
020 A000009 ALPHA MANAGEMENT INC.
020 B000009 94-3105302
020 C000009     18
020 A000010 SALOMON BROTHERS INC.
020 B000010 13-3082694
020 C000010     18
021  000000      581
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
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SIGNATURE   GARY P. SOURA                                
TITLE                           
 


<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000826473
<NAME> VANGUARD EQUITY INCOME FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               MAR-31-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           800399
<INVESTMENTS-AT-VALUE>                          918596
<RECEIVABLES>                                     8393
<ASSETS-OTHER>                                     133
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  927122
<PAYABLE-FOR-SECURITIES>                          1826
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4189
<TOTAL-LIABILITIES>                               6015
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        800621
<SHARES-COMMON-STOCK>                            66488
<SHARES-COMMON-PRIOR>                            68422
<ACCUMULATED-NII-CURRENT>                         8787
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6498)
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<NET-ASSETS>                                    921107
<DIVIDEND-INCOME>                                21099
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<EXPENSES-NET>                                    2015
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<EQUALIZATION>                                   (454)
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<DISTRIBUTIONS-OTHER>                                0
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<PER-SHARE-NAV-BEGIN>                            13.16
<PER-SHARE-NII>                                   0.30
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<EXPENSE-RATIO>                                  0.004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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