HERITAGE INCOME TRUST
NSAR-B, 1999-11-29
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<PAGE>      PAGE  1
000 B000000 09/30/1999
000 C000000 0000853977
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 HERITAGE INCOME TRUST
001 B000000 811-5853
001 C000000 7275733800
002 A000000 880 CARILLON PARKWAY
002 B000000 ST. PETERSBURG
002 C000000 FL
002 D010000 33716
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 INTERMEDIATE GOVERNMENT FUND
007 C030100 N
007 C010200  2
007 C020200 HIGH YIELD BOND FUND
007 C030200 N
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   13
019 C00AA00 HERITAGEXX
022 A000001 STATE STREET BANK & TRUST CO. INC.,
022 B000001 04-1867445
022 C000001    734276
022 D000001         0
022 A000002 GREENWICH CAPITAL MARKETS, INC.
022 B000002 13-3172275
022 C000002     10921
022 D000002     10229
022 A000003 MORGAN STANLEY/DEAN WITTER
022 B000003 13-2655998
022 C000003      5846
<PAGE>      PAGE  2
022 D000003      5727
022 A000004 BEAR STEARNS & COMPANY INC.
022 B000004 13-3299429
022 C000004      2706
022 D000004      4818
022 A000005 DONALDSON LUFKIN & JENRETTE
022 B000005 13-2741729
022 C000005      4948
022 D000005      1857
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC
022 B000006 13-5674085
022 C000006      3981
022 D000006      1024
022 A000007 LEHMAN BROTHERS, INC.
022 B000007 13-2518466
022 C000007      2194
022 D000007      2130
022 A000008 CHASE SECURITIES
022 B000008 13-3112953
022 C000008      2816
022 D000008       805
022 A000009 GRANTCHESTER SECURITIES
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022 C000009      1141
022 D000009      2007
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022 D000010       520
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077 L000000 N
077 M000000 N
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<PAGE>      PAGE  3
077 O000000 N
077 P000000 N
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
076  000200     0.00
SIGNATURE   STEPHEN G. HILL
TITLE       PRESIDENT



<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                                          0000853977

<NAME>                                         HERITAGE INCOME TRUST
<SERIES>
   <NUMBER>   011
   <NAME>     INTERMEDIATE GOVERNMENT FUND CLASS A


<S>                                            <C>
<PERIOD-TYPE>                                  12-MOS
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<EXPENSE-RATIO>                                0.01



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                                          0000853977

<NAME>                                         HERITAGE INCOME TRUST
<SERIES>
   <NUMBER>               012
   <NAME>                 INTERMEDIATE GOVERNMENT FUND CLASS B

<S>                                            <C>
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<EXPENSE-RATIO>                                0.01



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                                          0000853977

<NAME>                                         HERITAGE INCOME TRUST
<SERIES>
   <NUMBER>               013
   <NAME>                 INTERMEDIATE GOVERNMENT FUND CLASS C

<S>                                            <C>
<PERIOD-TYPE>                                  12-MOS
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<EXPENSE-RATIO>                                0.01


</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                                          0000853977

<NAME>                                         HERITAGE INCOME TRUST
<SERIES>
   <NUMBER>               021
   <NAME>                 HERITAGE INCOME TRUST -- HIGH YIELD BOND FUND CLASS A

<S>                                            <C>
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<EXPENSE-RATIO>                                0.01



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                                          0000853977

<NAME>                                         HERITAGE INCOME TRUST
<SERIES>
   <NUMBER>               022
   <NAME>                 HERITAGE INCOME TRUST -- HIGH YIELD BOND FUND CLASS B

<S>                                            <C>
<PERIOD-TYPE>                                  12-MOS
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<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      294,210
<TOTAL-LIABILITIES>                            794,210
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       58,462,404
<SHARES-COMMON-STOCK>                          5,622,931
<SHARES-COMMON-PRIOR>                          5,610,454
<ACCUMULATED-NII-CURRENT>                      371,787
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (2,873,613)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       (5,542,406)
<NET-ASSETS>                                   50,418,172
<DIVIDEND-INCOME>                              0
<INTEREST-INCOME>                              5,451,151
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 769,771
<NET-INVESTMENT-INCOME>                        4,681,380
<REALIZED-GAINS-CURRENT>                       (2,864,540)
<APPREC-INCREASE-CURRENT>                      (1,538,293)
<NET-CHANGE-FROM-OPS>                          278,547
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      4,819,597
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        1,068,760
<NUMBER-OF-SHARES-REDEEMED>                    1,386,745
<SHARES-REINVESTED>                            330,462
<NET-CHANGE-IN-ASSETS>                         (4,342,949)
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      476
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          323,209
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                47,206
<AVERAGE-NET-ASSETS>                           2,776,837
<PER-SHARE-NAV-BEGIN>                          9.73
<PER-SHARE-NII>                                0.81
<PER-SHARE-GAIN-APPREC>                        (0.78)
<PER-SHARE-DIVIDEND>                           (0.82)
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                            8.94
<EXPENSE-RATIO>                                0.02



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                                          0000853977

<NAME>                                         HERITAGE INCOME TRUST
<SERIES>
   <NUMBER>               023
   <NAME>                 HERITAGE INCOME TRUST -- HIGH YIELD BOND FUND CLASS C

<S>                                            <C>
<PERIOD-TYPE>                                  12-MOS
<FISCAL-YEAR-END>                              SEP-30-1999
<PERIOD-START>                                 SEP-30-1998
<PERIOD-END>                                   SEP-30-1999
<INVESTMENTS-AT-COST>                          54,077,862
<INVESTMENTS-AT-VALUE>                         48,535,456
<RECEIVABLES>                                  1,252,678
<ASSETS-OTHER>                                 1,424,249
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 51,212,382
<PAYABLE-FOR-SECURITIES>                       500,000
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      294,210
<TOTAL-LIABILITIES>                            794,210
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       58,462,404
<SHARES-COMMON-STOCK>                          5,622,931
<SHARES-COMMON-PRIOR>                          5,610,454
<ACCUMULATED-NII-CURRENT>                      371,787
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (2,873,613)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       (5,542,406)
<NET-ASSETS>                                   50,418,172
<DIVIDEND-INCOME>                              0
<INTEREST-INCOME>                              5,451,151
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 769,771
<NET-INVESTMENT-INCOME>                        4,681,380
<REALIZED-GAINS-CURRENT>                       (2,864,540)
<APPREC-INCREASE-CURRENT>                      (1,538,293)
<NET-CHANGE-FROM-OPS>                          278,547
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      4,819,597
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        1,068,760
<NUMBER-OF-SHARES-REDEEMED>                    1,386,745
<SHARES-REINVESTED>                            330,462
<NET-CHANGE-IN-ASSETS>                         (4,342,949)
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      476
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          323,209
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                225,612
<AVERAGE-NET-ASSETS>                           13,271,299
<PER-SHARE-NAV-BEGIN>                          9.73
<PER-SHARE-NII>                                0.80
<PER-SHARE-GAIN-APPREC>                        (0.77)
<PER-SHARE-DIVIDEND>                           (0.82)
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                            8.94
<EXPENSE-RATIO>                                0.02


</TABLE>




PRICEWATERHOUSECOOPERS LLP
- ------------------------------------------------------------------------------
                                         PricewaterhouseCoopers LLP
                                         Suite 2800
                                         400 North Ashley Street
                                         Tampa, FL  33602-4319
                                         Telephone (813) 223-7577

                     REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To the Shareholders and Board of Trustees
of Heritage Income Trust

In planning and performing our audit of the financial statements of the Heritage
Income Trust (the "Trust") for the year ended  September 30, 1999, 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 Trust 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
control.  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 any
specific  internal control  components does not reduce to a relatively low level
the risk that  misstatements  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,
including controls for safeguarding securities,  that we consider to be material
weaknesses as defined above as of September 30, 1999.

This report is intended solely for the information and use of management and the
Board of Trustees of the Heritage  Income Trust and the  Securities and Exchange
Commission.


/s/ PricewaterhouseCoopers LLP
- -------------------------------
PricewaterhouseCoopers LLP
November 12, 1999



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