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USLIFE INCOME FUND, INC. REPORTS OPERATING RESULTS FOR THE NINE MONTHS ENDED MARCH 31, 1993

 NEW YORK, April 13 /PRNewswire/ -- USLIFE Income Fund, Inc. (NYSE: UIF), a closed-end investment company, reported today that net investment income decreased to $3,717,128 for the nine months ended March 31, 1993 as compared to $3,742,809 for the same period of the preceding year. Earnings were 68 cents per share compared to 70 cents in the previous period a year ago.
 Dividends totalling 68 cents were paid during the nine-month period.
 The net assets of USLIFE Income Fund totalled $55,653,551 at March 31, 1993 as compared to $51,782,056 on March 31, 1992. Net asset value per share at March 31, 1993 was $10.12 compared to $9.62 on March 31, 1992. There were 5,500,007 and 5,385,481 shares outstanding at March 31, 1993 and 1992, respectively.
 USLIFE Income Fund is managed by USLIFE Advisers, Inc., a wholly owned subsidiary of USLIFE Corporation (NYSE: USH).
 USLIFE INCOME FUND, INC.
 Condensed Comparative Results of Operations
 Nine months ended March 31 1993 1992
 Interest income $4,220,807 $4,224,480
 Expenses 503,679 481,671
 Net investment income 3,717,128 3,742,809
 Net investment income per share .68 .70
 Other Pertinent Data:
 Net realized gains from security transactions:
 Amount 669,410 405,165
 Per share .12 .08
 Unrealized gains on investment securities:
 Amount 1,777,994 4,383,045
 Per share .33 .82
 Net assets
 Total 55,653,551 51,782,056
 Per share 10.12 9.62
 Shares outstanding at March 31 5,500,007 5,385,481
 -0- 4/13/93
 /CONTACT: Richard G. Hohn, vice president and corporate secretary of USLIFE Income Fund, Inc., 212-709-6415/
 (UIF)


CO: USLIFE Income Fund, Inc. ST: New York IN: FIN SU: ERN

LR-OS -- NY022 -- 5157 04/13/93 10:52 EDT
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Date:Apr 13, 1993
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