<PAGE> PAGE 1
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012 A000001 CHASEMELLON SHAREHOLDER SERVICES,L.L.C.
012 B000001 85-
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012 C020001 NJ
012 C030001 07660
013 A000001 ERNST & YOUNG LLP
013 B010001 LOS ANGELES
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013 B030001 90071
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
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<PAGE> PAGE 2
020 C000002 2
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022 A000001 STATE STREET BANK AND TRUST
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022 C000002 4911
022 D000002 11770
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 14424
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022 C000004 6630
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022 C000006 4633
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<PAGE> PAGE 3
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<PAGE> PAGE 4
054 I000000 N
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<PAGE> PAGE 5
070 E010000 N
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070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
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<PAGE> PAGE 6
072 T000000 0
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<PAGE> PAGE 7
077 A000000 Y
077 B000000 Y
077 C000000 N
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077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
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077 O000000 N
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077 Q010000 Y
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080 A000000 ICI MUTUAL
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SIGNATURE SUSAN R. HUGHES
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TRANSAMERICA INCOME SHARES, INC. MARCH 31, 1999 AUDITED ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 142,612,746
<INVESTMENTS-AT-VALUE> 156,190,067
<RECEIVABLES> 2,987,034
<ASSETS-OTHER> 34,324
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159,211,425
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,180,604
<TOTAL-LIABILITIES> 1,180,604
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 144,188,883
<SHARES-COMMON-STOCK> 6,318,771
<SHARES-COMMON-PRIOR> 6,318,771
<ACCUMULATED-NII-CURRENT> 183,565
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 81,052
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,577,321
<NET-ASSETS> 158,030,821
<DIVIDEND-INCOME> 208,588
<INTEREST-INCOME> 12,723,385
<OTHER-INCOME> 0
<EXPENSES-NET> 1,009,572
<NET-INVESTMENT-INCOME> 11,922,401
<REALIZED-GAINS-CURRENT> 81,052
<APPREC-INCREASE-CURRENT> (1,296,591)
<NET-CHANGE-FROM-OPS> 10,706,862
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11,879,289
<DISTRIBUTIONS-OF-GAINS> 723,328
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,895,755)
<ACCUMULATED-NII-PRIOR> 140,453
<ACCUMULATED-GAINS-PRIOR> 723,328
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 800,335
<INTEREST-EXPENSE> 0
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<AVERAGE-NET-ASSETS> 160,089,399
<PER-SHARE-NAV-BEGIN> 25.31
<PER-SHARE-NII> 1.89
<PER-SHARE-GAIN-APPREC> (0.19)
<PER-SHARE-DIVIDEND> 1.88
<PER-SHARE-DISTRIBUTIONS> 0.12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.01
<EXPENSE-RATIO> 0.63
</TABLE>
