PREFERRED INCOME FUND INC
NSAR-B, 1999-01-28
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SIGNATURE   RICHARD H. ROSE                              
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 001
              <NAME> Preferred Income Fund, Inc.
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        NOV-30-1998
<PERIOD-END>                             NOV-30-1998
<INVESTMENTS-AT-COST>                                      204,514,310
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<RECEIVABLES>                                                3,666,754
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<DIVIDEND-INCOME>                                           11,518,033
<INTEREST-INCOME>                                            3,227,029
<OTHER-INCOME>                                                       0
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<EQUALIZATION>                                                       0
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</TABLE>


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