FORM N-23C-1
STATEMENT BY REGISTERED CLOSED-END INVESTMENT COMPANY WITH
RESPECT TO PURCHASES OF ITS OWN SECURITIES PURSUANT TO RULE
N-23C-1 DURING THE LAST CALENDAR MONTH
(See Rules and instructions on back of this form. If acknowledgment is desired,
file this form with the Commission in triplicate.)
REPORT FOR CALENDAR MONTH ENDING July, 1996
TARGET INCOME FUND, INC.
(Name of registered closed-end investment company)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------
Approximate asset
Value or
Number of Price Approximate asset Name of Seller
Date of Identification of Shares Per coverage per share Or of Seller's
Transaction Security Purchased Share at time of purchase Broker
- --------------------------------------------------------------------------------------------
<C> <C> <C> <C> <C> <C>
08/01/96 Common stock 3,090.859 $10.00 $30,908.59 Jon Solow
08/01/96 Common stock 707.153 $10.00 $7,071.53 Roger Presburger
08/01/96 Common stock 7,871.739 $10.00 $78,717.39 Ladner Corp.
</TABLE>
TARGET INCOME FUND, INC.
(Name of Registrant)
By: /s/ Eric M. Banhazl
-----------------------------------
(Name)
Secretary & Treasurer
-----------------------------------
(Title)
Date of Statement: August 5, 1996
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