<PAGE> PAGE 1
000 B000000 05/31/96
000 C000000 0000949820
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T. ROWE PRICE CORPORATE INCOME FUND, INC.
001 B000000 811-07353
001 C000000 4105472000
002 A000000 100 E. PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
018 000000 Y
019 A000000 Y
019 B000000 72
019 C000000 TROWEPRICE
020 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000001 13-2741729
020 C000001 10
020 A000002 BT SECURITIES CORP.
020 B000002 13-4941247
020 C000002 5
020 A000003 CHEMICAL BANKING CORP.
020 B000003 13-5227302
020 C000003 4
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-5108880
020 C000004 3
020 A000005 MORGAN STANLEY & CO. INCORPORATED
020 B000005 13-2655998
020 C000005 2
<PAGE> PAGE 2
020 A000006 LAZARD FRERES & CO
020 B000006 13-5545100
020 C000006 2
020 A000007 LEHMAN BROTHERS INC.
020 B000007 13-2518466
020 C000007 2
020 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000008 13-5674085
020 C000008 2
020 A000009 SMITH BARNEY INC.
020 B000009 13-1912900
020 C000009 2
020 A000010 NATIONSBANK
020 B000010 56-1684171
020 C000010 1
021 000000 34
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 9318
022 D000001 150
022 A000002 GENERAL MOTORS ACCEPTANCE CORP.
022 B000002 38-0572512
022 C000002 5653
022 D000002 0
022 A000003 LEHMAN BROTHER INC.
022 B000003 13-2518466
022 C000003 3414
022 D000003 242
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004 3035
022 D000004 134
022 A000005 BT SECURITIES CORP
022 B000005 13-4941247
022 C000005 2961
022 D000005 146
022 A000006 DEUTSCHE BANK SECURITIES CORP
022 B000006 13-2730828
022 C000006 2940
022 D000006 0
022 A000007 MORGAN (JP) SECURITIES INC.
022 B000007 13-3224016
022 C000007 2754
022 D000007 51
022 A000008 FIRST BOSTON CORPORATION
022 B000008 13-5659485
022 C000008 2593
022 D000008 128
022 A000009 MORGAN STANLEY & CO. INCORPORATED
022 B000009 13-2655998
022 C000009 2060
<PAGE> PAGE 3
022 D000009 54
022 A000010 CHEMICAL BANKING CO.
022 B000010 13-5227302
022 C000010 1918
022 D000010 20
023 C000000 44974
023 D000000 2799
028 A010000 810
028 A020000 14
028 A030000 0
028 A040000 0
028 B010000 3234
028 B020000 22
028 B030000 0
028 B040000 21
028 C010000 3538
028 C020000 39
028 C030000 0
028 C040000 440
028 D010000 1985
028 D020000 49
028 D030000 0
028 D040000 383
028 E010000 2219
028 E020000 56
028 E030000 0
028 E040000 432
028 F010000 1139
028 F020000 64
028 F030000 0
028 F040000 853
028 G010000 12925
028 G020000 244
028 G030000 0
028 G040000 2129
028 H000000 0
049 000000 N
050 000000 N
051 000000 N
052 000000 Y
053 A000000 Y
053 B000000 Y
053 C000000 N
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
<PAGE> PAGE 4
062 I000000 3.4
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.9
062 O000000 0.0
062 P000000 94.8
062 Q000000 0.0
062 R000000 0.9
063 A000000 0
063 B000000 14.5
064 A000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 15281
071 B000000 2868
<PAGE> PAGE 5
071 C000000 6973
071 D000000 41
072 A000000 7
072 B000000 336
072 C000000 6
072 D000000 0
072 E000000 0
072 F000000 0
072 G000000 0
072 H000000 0
072 I000000 6
072 J000000 5
072 K000000 0
072 L000000 0
072 M000000 1
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 15
072 R000000 3
072 S000000 0
072 T000000 0
072 U000000 2
072 V000000 0
072 W000000 1
072 X000000 33
072 Y000000 0
072 Z000000 309
072AA000000 0
072BB000000 27
072CC010000 0
072CC020000 567
072DD010000 307
072DD020000 0
072EE000000 0
073 A010000 0.4360
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 419
074 D000000 11702
074 E000000 110
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 362
<PAGE> PAGE 6
074 M000000 55
074 N000000 12648
074 O000000 52
074 P000000 6
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 129
074 S000000 0
074 T000000 12461
074 U010000 1301
074 U020000 0
074 V010000 9.58
074 V020000 0.00
074 W000000 0.0000
074 X000000 950
074 Y000000 0
075 A000000 0
075 B000000 7005
076 000000 0.00
077 A000000 Y
077 B000000 Y
080 A000000 ICI MUTUAL INSURANCE
080 C000000 60000
081 A000000 Y
081 B000000 127
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE HENRY HOPKINS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000949820
<NAME> T ROWE PRICE CORPORATE INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> MAY-31-1996
<INVESTMENTS-AT-COST> 12798
<INVESTMENTS-AT-VALUE> 12231
<RECEIVABLES> 362
<ASSETS-OTHER> 55
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12648
<PAYABLE-FOR-SECURITIES> 52
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 135
<TOTAL-LIABILITIES> 187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13047
<SHARES-COMMON-STOCK> 1301
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 27
<ACCUM-APPREC-OR-DEPREC> (567)
<NET-ASSETS> 12461
<DIVIDEND-INCOME> 6
<INTEREST-INCOME> 336
<OTHER-INCOME> 0
<EXPENSES-NET> 33
<NET-INVESTMENT-INCOME> 309
<REALIZED-GAINS-CURRENT> (27)
<APPREC-INCREASE-CURRENT> (567)
<NET-CHANGE-FROM-OPS> (285)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 307
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1483
<NUMBER-OF-SHARES-REDEEMED> 218
<SHARES-REINVESTED> 26
<NET-CHANGE-IN-ASSETS> 12361
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 33
<AVERAGE-NET-ASSETS> 7005
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .44
<PER-SHARE-GAIN-APPREC> (.42)
<PER-SHARE-DIVIDEND> .44
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.58
<EXPENSE-RATIO> .8
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
