AMERICAS INCOME TRUST INC
NSAR-A, 1997-06-27
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<PAGE>      PAGE  1
000 A000000 04/30/97
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001 A000000 THE AMERICAS INCOME TRUST INC.
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002 A000000 222 SOUTH NINTH STREET
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<PAGE>      PAGE  2
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<PAGE>      PAGE  8
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SIGNATURE   STEVE GAST                                   
TITLE       ACCOUNTING ASSOCIATE
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         73438434
<INVESTMENTS-AT-VALUE>                        73851966
<RECEIVABLES>                                  2920969
<ASSETS-OTHER>                                  173213
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                76946148
<PAYABLE-FOR-SECURITIES>                      20691814
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        71698
<TOTAL-LIABILITIES>                           20763512
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      72465613
<SHARES-COMMON-STOCK>                          6251305
<SHARES-COMMON-PRIOR>                          6251305
<ACCUMULATED-NII-CURRENT>                       261213
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (16960415)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        416225
<NET-ASSETS>                                  56182636
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              2295880
<OTHER-INCOME>                                  182346
<EXPENSES-NET>                                  341622
<NET-INVESTMENT-INCOME>                        2136604
<REALIZED-GAINS-CURRENT>                       3164440
<APPREC-INCREASE-CURRENT>                    (2306162)
<NET-CHANGE-FROM-OPS>                          2994882
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1875391
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                          0
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<NET-CHANGE-IN-ASSETS>                         1119491
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   (20124855)
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<PER-SHARE-NII>                                    .34
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<EXPENSE-RATIO>                                   1.22
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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