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000 A000000 06/30/97
000 C000000 908836
000 D000000 N
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000 F000000 Y
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000 J000000 U
001 A000000 COLUMBIA HIGH YIELD FUND, INC.
001 B000000 811-7834
001 C000000 5032223600
002 A000000 1301 S.W. FIFTH AVENUE
002 B000000 PORTLAND
002 C000000 OR
002 D010000 97201
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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022 A000001 BT SECURITIES CORP.
022 B000001 134941247
022 C000001 4046
022 D000001 4738
022 A000002 SALOMON BROTHERS, INC.
022 B000002 133082694
022 C000002 4416
022 D000002 3589
022 A000003 MERRILL LYNCH, PIERCE
022 B000003 135674085
022 C000003 3579
022 D000003 2894
022 A000004 BEAR STEARNS & CO., INC.
022 B000004 133299429
022 C000004 2015
022 D000004 2053
022 A000005 DONALDSON, LUFKIN & JENRETTE
022 B000005 132741729
022 C000005 2509
022 D000005 1436
022 A000006 GOLDMAN SACHS & CO.
022 B000006 135108880
022 C000006 2017
022 D000006 1332
022 A000007 LEHMAN BROTHERS
022 B000007 132518466
022 C000007 2051
022 D000007 1189
022 A000008 MORGAN (J.P.) SECURITIES
<PAGE> PAGE 2
022 B000008 133224016
022 C000008 2109
022 D000008 520
022 A000009 CANADIAN IMPERIAL BANK OF
022 C000009 2587
022 D000009 0
022 A000010 OPPENHEIMER & CO., INC.
022 B000010 132798343
022 C000010 1459
022 D000010 781
023 C000000 31539
023 D000000 25101
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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SIGNATURE GEORGE HANSETH
TITLE SR. VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEMI-ANNUAL REPORT OF THE COLUMBIA FUNDS DATED 06/30/97, AND THE
AUDITED ANNUAL REPORT OF THE COLUMBIA FUNDS DATED 12/31/96, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000908836
<NAME> COLUMBIA HIGH YIELD FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 33,468,049
<INVESTMENTS-AT-VALUE> 34,245,472
<RECEIVABLES> 1,145,251
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 769,828
<TOTAL-ASSETS> 36,160,551
<PAYABLE-FOR-SECURITIES> 491,955
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106,928
<TOTAL-LIABILITIES> 598,883
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,095,281
<SHARES-COMMON-STOCK> 3,518,965
<SHARES-COMMON-PRIOR> 2,900,034
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 688,964
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 777,423
<NET-ASSETS> 35,561,668
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,564,939
<OTHER-INCOME> 0
<EXPENSES-NET> 162,090
<NET-INVESTMENT-INCOME> 1,303,849
<REALIZED-GAINS-CURRENT> 670,284
<APPREC-INCREASE-CURRENT> (73,357)
<NET-CHANGE-FROM-OPS> 1,900,776
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,303,849
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,070,379
<NUMBER-OF-SHARES-REDEEMED> 567,538
<SHARES-REINVESTED> 116,090
<NET-CHANGE-IN-ASSETS> 6,743,435
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 18,680
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 97,613
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 162,090
<AVERAGE-NET-ASSETS> 32,862
<PER-SHARE-NAV-BEGIN> 9.94
<PER-SHARE-NII> .40
<PER-SHARE-GAIN-APPREC> .17
<PER-SHARE-DIVIDEND> .40
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 10.11
<EXPENSE-RATIO> .99
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
