CRABBE HUSON INCOME FUND INC
24F-2NT, 1995-12-28
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                   FORM 24F-2
                        ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24f-2

             READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
                              PLEASE PRINT OR TYPE.

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1.   Name and address of issuer:

                         The Crabbe Huson Income Fund, Inc.
                         121 S.W. Morrison, Suite 1400
                         Portland, OR  97204

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2.   Name of each series or class of funds for which this notice is filed:



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3.   Investment Company Act File Number: 811-5836

     Securities Act File Number: 33-25048

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4.   Last day of fiscal year for which this notice is filed:

          October 31, 1995

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5.   Check box if this notice is being filed more than 180 days after the close
     of the issuer's fiscal year for purposes of reporting securities sold after
     the close of the fiscal year but before termination of the issuer's 24f-2
     declaration:

                                                                 / /

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6.   Date of termination of issuer's declaration under rule 24f-2(a)(1), if
     applicable (see Instruction A.6):


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7.   Number and amount of securities of the same class or series which had been
     registered under the Securities Act of 1933 other than pursuant to
     rule 24f-2 in a prior fiscal year, but which remained unsold at the
     beginning of the fiscal year:

                                        None

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8.   Number and amount of securities registered during the fiscal year other
     than pursuant to rule 24f-2:

                                        None

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9.   Number and aggregate sale price of securities sold during the fiscal year:

          398,837         $3,890,790

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10.  Number and aggregate sale price of securities sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:

          398,837         $3,890,790


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11.  Number and aggregate sale price of securities issued during the fiscal year
     in connection with dividend reinvestment plans, if applicable (see
     Instruction B.7):

          33,473          $329,268

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12.  Calculation of registration fee:

     (i)    Aggregate sale price of securities sold
            during the fiscal year in reliance on
            rule 24f-2 (from Item 10):                     $   3,890,790
                                                           -----------------


     (ii)   Aggregate price of shares issued in
            connection with dividend reinvestment
            plans (from Item 11, if applicable):           +     329,268
                                                           -----------------

     (iii)  Aggregate price of shares redeemed or
            repurchased during the fiscal year
            (if applicable):                               -   2,699,168
                                                           -----------------

     (iv)   Aggregate price of shares redeemed or
            repurchased and previously applied as
            a reduction to filing fees pursuant
            to rule 24c-2 (if applicable):                 +   0
                                                           -----------------

     (v)    Net aggregate price of securities sold and
            issued during the fiscal year in reliance
            on rule 24f-2 [line (i), plus line (ii),
            less line (iii), plus line (iv)]
            (if applicable):                                   1,520,890
                                                           -----------------


     (vi)   Multiplier prescribed by Section 6(b) of
            the Securities Act of 1933 or other
            applicable law or regulation (see
            Instruction C.6):                              x      1/2900
                                                           -----------------

     (vii)  Fee due [line (i) or line (v) multiplied
            by line (vi)]:                                        524.44
                                                           -----------------
                                                           -----------------

INSTRUCTION:   ISSUERS SHOULD COMPLETE LINES (ii), (iii), (iv), AND (v) ONLY IF
               THE FORM IS BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE
               ISSUER'S FISCAL YEAR.  See Instruction C.3.

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13.  Check box if fees are being remitted to the Commission's lockbox depository
     as described in section 3a of the Commission's Rules of Informal and Other
     Procedures (17 CFR 202.3a).

                                                                           /X/

     Date of mailing or wire transfer of filing fees to the Commission's lockbox
     depository:

                         December 28, 1995

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                                   SIGNATURES

     This report has been signed below by the following persons on behalf of the
     issuer and in the capacities and on the dates indicated.

     By (Signature and Title)*  /s/ RICHARD S. HUSON
                                ----------------------------------------
                                President
                                ----------------------------------------


     Date   December 28, 1995
          ----------------------

  * Please print the name and title of the signing officer below the signature.

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                       [Davis Wright Tremaine Letterhead]




                                November 17, 1995



The Crabbe Huson Special Fund, Inc.
The Crabbe Huson Real Estate Investment Fund, Inc.
The Crabbe Huson Equity Fund, Inc.
The Crabbe Huson Asset Allocation Fund, Inc.
The Oregon Municipal Bond Fund, Inc.
The Crabbe Huson Income Fund, Inc.
The Crabbe Huson U.S. Government Income Fund, Inc.
The Crabbe Huson U.S. Government Money Market Fund, Inc.

          Re:  Annual Renewal
               Our File No. 773126\46

Gentlemen:

          We have acted as counsel to the Funds referred to above with respect
to preparation of their Rule 24f-2 Notices for the fiscal year ended October 31,
1995, and with respect to the issuance of all shares referred to therein.  It is
our opinion that all shares issued by the Funds referred to above, during the
fiscal year ended October 31, 1995, and which are referred to in the Rule 24f-2
Notices, are legally issued, fully paid and non-assessable by the respective
Funds.

                                Very truly yours,

                              DAVIS WRIGHT TREMAINE

                              /s/ Mark A. Wentzien

                                Mark A. Wentzien

MAW:m
f:\77\773126\46\opincnfm.ltr




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