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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000890163-00-000108.txt : 20000411
<SEC-HEADER>0000890163-00-000108.hdr.sgml : 20000411
ACCESSION NUMBER:		0000890163-00-000108
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000131
FILED AS OF DATE:		20000410

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EXCELSIOR INCOME SHARES INC
		CENTRAL INDEX KEY:			0000033934
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				132727013
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00827
		FILM NUMBER:		596706

	BUSINESS ADDRESS:	
		STREET 1:		114 W 47TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2128523732
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<DESCRIPTION>FORM N-23C-1
<TEXT>


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM N-23C-1

                       STATEMENT BY REGISTERED CLOSED-END
            INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
       SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH

  (See rules and instructions on the back of this form. If acknowledgement is
          desired, file this form with the Commission in triplicate.)

                REPORT FOR CALENDAR MONTH ENDING JANUARY 2000

                         Excelsior Income Shares, Inc.
               (Name of registered closed-end investment company)

<TABLE>
<CAPTION>

                                                 Approximate Asset
                                                 Value or Approximate   Name of
Date of                      Number of   Price   Asset Coverage Per     Seller or
Each         Identification    Shares     Per    Share at the Time      of Seller's
Transaction   of Security    Purchased   Share   of Purchase            Broker
<S>          <C>             <C>         <C>     <C>                    <C>
1/03/00        Common         1,000    14.320       17.56             Execution Services, Inc.
1/07/00        Common           900    14.196       17.56             Execution Services, Inc.
1/10/00        Common           100    14.200       17.55             Execution Services, Inc.
1/10/00        Common           900    14.070       17.55             Execution Services, Inc.
1/25/00        Common           100    14.070       17.57             Execution Services, Inc.
</TABLE>

REMARKS:                                     Excelsior Income Shares, Inc.
                                                 (Name of Registrant)

                                             By: /s/ Robert R. Johnson
                                                          (Name)

Date of Statement: March 27, 2000        Assistant Secretary-Assistant Treasurer
                                                         (Title)

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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