VANGUARD EQUITY INCOME FUND INC
NSAR-B, 1995-11-15
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020 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
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020 A000003 LEHMAN BROTHERS INC.
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020 A000005 BEAR STEARNS & CO.
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SIGNATURE   GARY P. SOURA                                
TITLE       SR. MANAGER         
 


<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000826473
<NAME> VANGUARD EQUITY INCOME FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           750372
<INVESTMENTS-AT-VALUE>                          963940
<RECEIVABLES>                                    19806
<ASSETS-OTHER>                                     117
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  983863
<PAYABLE-FOR-SECURITIES>                          3271
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        13197
<TOTAL-LIABILITIES>                              16468
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        735136
<SHARES-COMMON-STOCK>                            61798
<SHARES-COMMON-PRIOR>                            68422
<ACCUMULATED-NII-CURRENT>                         9313
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           9378
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<DIVIDEND-INCOME>                                39973
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                  (1342)
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<EXPENSE-RATIO>                                   0.47
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</TABLE>


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