<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FOR TRANSAMERICA
INCOME SHARES, INC.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 142,532,887
<INVESTMENTS-AT-VALUE> 147,024,360
<RECEIVABLES> 2,913,521
<ASSETS-OTHER> 36,666
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 149,974,547
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,202,440
<TOTAL-LIABILITIES> 1,202,440
<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> 331,384
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (239,633)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,491,473
<NET-ASSETS> 148,772,107
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13,177,899
<OTHER-INCOME> 0
<EXPENSES-NET> 977,025
<NET-INVESTMENT-INCOME> 12,200,874
<REALIZED-GAINS-CURRENT> (239,633)
<APPREC-INCREASE-CURRENT> (9,085,848)
<NET-CHANGE-FROM-OPS> 2,875,393
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,053,056
<DISTRIBUTIONS-OF-GAINS> 81,051
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (9,258,714)
<ACCUMULATED-NII-PRIOR> 183,565
<ACCUMULATED-GAINS-PRIOR> 81,052
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 760,862
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 977,025
<AVERAGE-NET-ASSETS> 151,958,061
<PER-SHARE-NAV-BEGIN> 25.01
<PER-SHARE-NII> 1.93
<PER-SHARE-GAIN-APPREC> (1.48)
<PER-SHARE-DIVIDEND> 1.91
<PER-SHARE-DISTRIBUTIONS> .01
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.54
<EXPENSE-RATIO> .64
</TABLE>
