PRICE T ROWE CORPORATE INCOME FUND INC
NSAR-B, 1997-07-30
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<PAGE>      PAGE  1
000 B000000 05/31/97
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 4103452000
002 A000000 100 E. PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
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007 C011000 10
018  000000 Y
019 A000000 Y
019 B000000   76
019 C000000 TROWEPRICE
020 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000001 13-2741729
020 C000001     55
020 A000002 NATIONSBANK
020 B000002 75-0520130
020 C000002      6
020 A000003 BT SECURITIES CORP.
020 B000003 13-4941247
020 C000003      5
020 A000004 LEHMAN BROTHERS INC.
020 B000004 13-2518466
020 C000004      4
020 A000005 BEAR, STEARNS & CO., INC.
020 B000005 13-3299429
020 C000005      3
<PAGE>      PAGE  2
020 A000006 CHASE SECURITIES, INC.
020 B000006 13-3112953
020 C000006      3
020 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000007 13-5674085
020 C000007      3
020 A000008 MORGAN (J.P.) SECURITIES INC.
020 B000008 13-3224016
020 C000008      2
020 A000009 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000009 13-2642206
020 C000009      2
020 A000010 SCHRODER, WERTHEIM & CO., INC
020 B000010 13-2697272
020 C000010      2
021  000000       90
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001     27855
022 D000001      2349
022 A000002 GENERAL MOTORS ACCEPTANCE CORP.
022 B000002 38-0572512
022 C000002     27361
022 D000002         0
022 A000003 MORGAN (J.P.) SECURITIES INC.
022 B000003 13-3224016
022 C000003     24587
022 D000003       731
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004     15577
022 D000004       897
022 A000005 BT SECURITIES CORP.
022 B000005 13-4941247
022 C000005     14699
022 D000005       235
022 A000006 DEUTSCHE MORGAN GRENFELL
022 B000006 13-2730828
022 C000006     13060
022 D000006         0
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007      8462
022 D000007       490
022 A000008 CS FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008      5776
022 D000008      1920
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000009 13-5674085
022 C000009      4071
<PAGE>      PAGE  3
022 D000009      1838
022 A000010 PRUDENTIAL SECURITIES INC.
022 B000010 22-2347336
022 C000010      3823
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023 D000000      17744
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<PAGE>      PAGE  4
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054 E000000 N
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<PAGE>      PAGE  7
074 Y000000        0
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080 A000000 ICI MUTUAL INSURANCE
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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-31-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                            20494
<INVESTMENTS-AT-VALUE>                           20367
<RECEIVABLES>                                     2691
<ASSETS-OTHER>                                      41
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   23099
<PAYABLE-FOR-SECURITIES>                          2209
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          158
<TOTAL-LIABILITIES>                               2367
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         21015
<SHARES-COMMON-STOCK>                             2112
<SHARES-COMMON-PRIOR>                             1301
<ACCUMULATED-NII-CURRENT>                           21
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           177
<ACCUM-APPREC-OR-DEPREC>                         (127)
<NET-ASSETS>                                     20732
<DIVIDEND-INCOME>                                   11
<INTEREST-INCOME>                                 1322
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     127
<NET-INVESTMENT-INCOME>                           1206
<REALIZED-GAINS-CURRENT>                         (150)
<APPREC-INCREASE-CURRENT>                          440
<NET-CHANGE-FROM-OPS>                             1496
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1203
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1522
<NUMBER-OF-SHARES-REDEEMED>                        792
<SHARES-REINVESTED>                                 81
<NET-CHANGE-IN-ASSETS>                            8271
<ACCUMULATED-NII-PRIOR>                              8
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                          27
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    127
<AVERAGE-NET-ASSETS>                             15961
<PER-SHARE-NAV-BEGIN>                             9.58
<PER-SHARE-NII>                                    .73
<PER-SHARE-GAIN-APPREC>                            .23
<PER-SHARE-DIVIDEND>                               .73
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.81
<EXPENSE-RATIO>                                     .8
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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