PREFERRED INCOME MANAGEMENT FUND INC
NSAR-B, 1996-01-26
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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SIGNATURE   RICHARD ROSE                                 
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 0
              <NAME> PREFERRED INCOME MANAGEMENT FUND INC.
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        NOV-30-1995
<PERIOD-END>                             NOV-30-1995
<INVESTMENTS-AT-COST>                                      200,424,882
<INVESTMENTS-AT-VALUE>                                     213,859,962
<RECEIVABLES>                                                3,651,188
<ASSETS-OTHER>                                                       0
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<PAYABLE-FOR-SECURITIES>                                     2,151,419
<SENIOR-LONG-TERM-DEBT>                                              0
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<SENIOR-EQUITY>                                             77,500,000
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<SHARES-COMMON-PRIOR>                                        9,416,743
<ACCUMULATED-NII-CURRENT>                                      378,184
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                     (5,905,026)
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                    13,435,080
<NET-ASSETS>                                               214,827,084
<DIVIDEND-INCOME>                                           15,273,535
<INTEREST-INCOME>                                              165,132
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                               2,363,060
<NET-INVESTMENT-INCOME>                                     13,075,607
<REALIZED-GAINS-CURRENT>                                    (5,509,555)
<APPREC-INCREASE-CURRENT>                                   28,666,896
<NET-CHANGE-FROM-OPS>                                       36,232,948
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                  (10,857,594)
<DISTRIBUTIONS-OF-GAINS>                                             0
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