<PAGE> PAGE 1
000 B000000 10/31/98
000 C000000 869297
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STRONG INCOME FUNDS, INC.
001 B000000 811-6195
001 C000000 4145777306
002 A000000 P.O. BOX 2936
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53201
002 D020000 2936
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
022 A000001 THE CHICAGO CORPORATION
022 C000001 5171310
022 D000001 1523
022 A000002 BARCLAYS DE ZOETE WEDD, INC.
022 C000002 538303
022 D000002 16894
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 C000003 206229
022 D000003 162208
022 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
022 C000004 218392
022 D000004 138982
022 A000005 BANKERS TRUST COMPANY
022 C000005 157035
022 D000005 165629
022 A000006 GOLDMAN, SACHS, & COMPANY
022 C000006 206035
022 D000006 72242
022 A000007 GRANTCHESTER SECURITIES, INC.
022 C000007 85855
022 D000007 189318
022 A000008 SALOMON SMITH BARNEY, INC.
022 C000008 121013
022 D000008 99335
022 A000009 CREDIT SUISSE FIRST BOSTON CORPORATION
022 C000009 83127
022 D000009 90087
022 A000010 BEAR, STEARNS & COMPANY, INC.
<PAGE> PAGE 2
022 C000010 107283
022 D000010 47396
023 C000000 7384446
023 D000000 1408649
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
014 A000201 STRONG FUNDS DISTRIBUTORS, INC.
014 B000201 8-32608
014 A000202 W.H. REAVES & COMPANY, INC.
014 B000202 8-22142
015 A000201 BROWN BROTHERS HARRIMAN & CO
015 B000201 S
015 C010201 BOSTON
015 C020201 MA
015 C030201 02109
015 E040201 X
062 A000200 Y
062 B000200 0.1
062 C000200 0.0
062 D000200 4.8
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 88.3
062 Q000200 0.0
<PAGE> PAGE 3
062 R000200 7.8
071 A000200 1304634
071 B000200 1294670
071 C000200 576950
071 D000200 224
072 A000200 12
072 Y000200 0
072 Z000200 54306
072AA000200 30355
072BB000200 27273
072CC010200 0
072CC020200 48330
072DD010200 54659
072DD020200 0
072EE000200 14785
073 A010200 1.0540
073 A020200 0.0000
073 B000200 0.3171
073 C000200 0.0000
074 N000200 478614
074 T000200 462500
075 A000200 0
075 B000200 605365
080 A000200 NATIONAL UNION FIRE INSURANCE COMPANY
080 B000200 GREAT AMERICAN INSURANCE COMPANY
080 C000200 100000
081 A000200 Y
081 B000200 47
082 A000200 Y
082 B000200 100
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
014 A000301 STRONG FUNDS DISTRIBUTORS, INC.
014 B000301 8-32608
014 A000302 W.H. REAVES & COMPANY, INC.
014 B000302 8-22142
062 A000300 Y
062 B000300 0.1
062 C000300 0.0
062 D000300 1.3
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.4
062 J000300 0.0
062 K000300 0.0
<PAGE> PAGE 4
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 94.1
062 Q000300 0.0
062 R000300 1.4
071 A000300 214466
071 B000300 154850
071 C000300 81467
071 D000300 190
072 A000300 12
074 N000300 109502
074 T000300 106234
075 A000300 0
075 B000300 85265
080 A000300 NATIONAL UNION FIRE INSURANCE COMPANY
080 B000300 GREAT AMERICAN INSURANCE COMPANY
080 C000300 100000
081 A000300 Y
081 B000300 47
082 A000300 Y
082 B000300 100
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
SIGNATURE DANA RUSSART
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869297
<NAME> "STRONG INCOME FUNDS, INC."
<SERIES>
<NUMBER> 2
<NAME> HIGH-YIELD BOND FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> Oct-31-1998
<PERIOD-START> Nov-03-1997
<PERIOD-END> Oct-30-1998
<INVESTMENTS-AT-COST> 504116
<INVESTMENTS-AT-VALUE> 467232
<RECEIVABLES> 11382
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 478614
<PAYABLE-FOR-SECURITIES> 11126
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4988
<TOTAL-LIABILITIES> 16114
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 495767
<SHARES-COMMON-STOCK> 43112
<SHARES-COMMON-PRIOR> 42710
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (353)
<ACCUMULATED-NET-GAINS> 3198
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (36112)
<NET-ASSETS> 462500
<DIVIDEND-INCOME> 4778
<INTEREST-INCOME> 54425
<OTHER-INCOME> 0
<EXPENSES-NET> (4,897)
<NET-INVESTMENT-INCOME> 54306
<REALIZED-GAINS-CURRENT> 3082
<APPREC-INCREASE-CURRENT> (48330)
<NET-CHANGE-FROM-OPS> 9058
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (54,659)
<DISTRIBUTIONS-OF-GAINS> (14,785)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 56756
<NUMBER-OF-SHARES-REDEEMED> (61,112)
<SHARES-REINVESTED> 4758
<NET-CHANGE-IN-ASSETS> 12922
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 14901
<OVERDISTRIB-NII-PRIOR> (3)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3841
<INTEREST-EXPENSE> 17
<GROSS-EXPENSE> 4,897
<AVERAGE-NET-ASSETS> 576950
<PER-SHARE-NAV-BEGIN> 11.94
<PER-SHARE-NII> 1.05
<PER-SHARE-GAIN-APPREC> (0.89)
<PER-SHARE-DIVIDEND> (1.05)
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.73
<EXPENSE-RATIO> 0.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869297
<NAME> "STRONG INCOME FUNDS, INC."
<SERIES>
<NUMBER> 3
<NAME> STRONG SHORT-TERM HIGH YIELD BOND FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> Oct-31-1998
<PERIOD-START> Nov-03-1997
<PERIOD-END> Oct-30-1998
<INVESTMENTS-AT-COST> 105925
<INVESTMENTS-AT-VALUE> 103336
<RECEIVABLES> 6166
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109502
<PAYABLE-FOR-SECURITIES> 2455
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 813
<TOTAL-LIABILITIES> 3268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108131
<SHARES-COMMON-STOCK> 10417
<SHARES-COMMON-PRIOR> 4377
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 330
<ACCUM-APPREC-OR-DEPREC> (2227)
<NET-ASSETS> 106234
<DIVIDEND-INCOME> 41
<INTEREST-INCOME> 7195
<OTHER-INCOME> 0
<EXPENSES-NET> (792)
<NET-INVESTMENT-INCOME> 6444
<REALIZED-GAINS-CURRENT> 332
<APPREC-INCREASE-CURRENT> (1991)
<NET-CHANGE-FROM-OPS> 4785
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,444)
<DISTRIBUTIONS-OF-GAINS> (256)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14716
<NUMBER-OF-SHARES-REDEEMED> (9,203)
<SHARES-REINVESTED> 527
<NET-CHANGE-IN-ASSETS> 63330
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 255
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 540
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 792
<AVERAGE-NET-ASSETS> 81467
<PER-SHARE-NAV-BEGIN> 10.24
<PER-SHARE-NII> 0.77
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.77)
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.20
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
