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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE J. RICHARD ATWOOD
TITLE TREASURER
[ARTICLE] 6
[RESTATED]
[CIK] 0000099203
[NAME] FPA NEW INCOME INC.
[SERIES]
[NUMBER] 4
[NAME] FIRSTPACAD
[MULTIPLIER] 1
[CURRENCY] U.S. CURRENCY
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] SEP-30-1997
[PERIOD-START] OCT-1-1996
[PERIOD-END] SEP-30-1997
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 509,730,778
[INVESTMENTS-AT-VALUE] 524,224,174
[RECEIVABLES] 6,390,195
[ASSETS-OTHER] 880
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 530,615,249
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,041,432
[TOTAL-LIABILITIES] 1,041,432
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 505,756,892
[SHARES-COMMON-STOCK] 47,126,444
[SHARES-COMMON-PRIOR] 30,829,948
[ACCUMULATED-NII-CURRENT] 8,297,317
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,026,212
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 14,493,396
[NET-ASSETS] 529,573,817
[DIVIDEND-INCOME] 306,708
[INTEREST-INCOME] 29,791,165
[OTHER-INCOME] 0
[EXPENSES-NET] 2,539,477
[NET-INVESTMENT-INCOME] 27,558,396
[REALIZED-GAINS-CURRENT] 1,065,224
[APPREC-INCREASE-CURRENT] 10,242,528
[NET-CHANGE-FROM-OPS] 38,866,148
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 24,604,952
[DISTRIBUTIONS-OF-GAINS] 1,692,535
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 22,283,273
[NUMBER-OF-SHARES-REDEEMED] 7,684,688
[SHARES-REINVESTED] 1,697,911
[NET-CHANGE-IN-ASSETS] 191,276,890
[ACCUMULATED-NII-PRIOR] 5,343,873
[ACCUMULATED-GAINS-PRIOR] 1,653,523
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,124,397
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,539,477
[AVERAGE-NET-ASSETS] 432,679,986
[PER-SHARE-NAV-BEGIN] 10.97
[PER-SHARE-NII] .68
[PER-SHARE-GAIN-APPREC] .32
[PER-SHARE-DIVIDEND] .68
[PER-SHARE-DISTRIBUTIONS] .05
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.24
[EXPENSE-RATIO] .59
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
