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Annual Earnings Report for the Fiscal Year Ended September 30, 2003.


Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 5, 2003

Dreyfus California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  Municipal Income, Inc. (AMEX AMEX

See: American Stock Exchange
: DCG DCG - Definite Clause Grammar ) reported the following financial information for the fiscal year ended September September: see month.  30, 2003, compared with the results for the fiscal year ended September 30, 2002:

Year Ended September 30:          2003                     2002
------------------------          ----                     ----
Net Investment Income
             Total        $1,949,317.00            $2,207,729.00
             Per Share            $0.43                    $0.48

Net Asset Value
             Total       $40,760,258.00           $41,541,637.00
             Per Share            $8.91                    $9.08
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Publication:Business Wire
Date:Dec 5, 2003
Words:83
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