HIGHLANDER INCOME FUND INC
NSAR-B, 1997-04-28
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SIGNATURE   ELISABETH CREIGHTON                          
TITLE       ACCOUNTING ADMIN    
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
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<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               FEB-28-1997
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<INVESTMENTS-AT-VALUE>                        32038100
<RECEIVABLES>                                   571855
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<PAYABLE-FOR-SECURITIES>                       4178662
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<SHARES-COMMON-STOCK>                          1989467
<SHARES-COMMON-PRIOR>                          1989467
<ACCUMULATED-NII-CURRENT>                        39834
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (376120)
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<REALIZED-GAINS-CURRENT>                       (59934)
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</TABLE>


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