<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000949820
<NAME> T. ROWE PRICE CORPORATE INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 45898
<INVESTMENTS-AT-VALUE> 43627
<RECEIVABLES> 1510
<ASSETS-OTHER> 27
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 45164
<PAYABLE-FOR-SECURITIES> 1251
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 188
<TOTAL-LIABILITIES> 1439
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50787
<SHARES-COMMON-STOCK> 4968
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 58
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4848)
<ACCUM-APPREC-OR-DEPREC> (2272)
<NET-ASSETS> 43725
<DIVIDEND-INCOME> 70
<INTEREST-INCOME> 4032
<OTHER-INCOME> 0
<EXPENSES-NET> 399
<NET-INVESTMENT-INCOME> 3705
<REALIZED-GAINS-CURRENT> (2732)
<APPREC-INCREASE-CURRENT> (1279)
<NET-CHANGE-FROM-OPS> (299)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3707)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2667
<NUMBER-OF-SHARES-REDEEMED> (3271)
<SHARES-REINVESTED> 244
<NET-CHANGE-IN-ASSETS> (7097)
<ACCUMULATED-NII-PRIOR> 59
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3174)
<GROSS-ADVISORY-FEES> 112
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 399
<AVERAGE-NET-ASSETS> 49772
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0.68
<PER-SHARE-GAIN-APPREC> (0.74)
<PER-SHARE-DIVIDEND> (0.68)
<PER-SHARE-DISTRIBUTIONS> (0.68)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.8
<EXPENSE-RATIO> 0.8
</TABLE>
