PAGE 1 000 B000000 12/31/2000 000 C000000 0000033934 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 EXCELSIOR INCOME SHARES, INC. 001 B000000 811-2363 001 C000000 2128523732 002 A000000 114 WEST 47TH STREET 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10036 002 D020000 1532 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 MERRIL MERRILL LYNCH PIER 022 C000001 48949 022 D000001 2068 022 A000002 FIDCAP FIDELITY CAPITAL 022 C000002 9519 022 D000002 7920 022 A000003 MERRCP MERRILL LYNCH CORP 022 C000003 2996 022 D000003 0 022 A000004 DREYFU DREYFUS SECURITIES 022 C000004 1413 022 D000004 1561 022 A000005 GOLDM GOLDMAN SACHS & CO. 022 C000005 1998 022 D000005 0 022 A000006 MERRL MERRILL-LYNCH 022 C000006 1965 PAGE 2 022 D000006 0 022 A000007 FIDELS FIDELITY BK, N.A. 022 C000007 542 022 D000007 545 022 A000008 DIRECT DIRECT 1 022 C000008 180 022 D000008 3 022 A000009 FIDELY FIDELITY INV. SER 022 C000009 63 022 D000009 60 022 A000010 NOBKR NO BROKER 022 C000010 0 022 D000010 74 023 C000000 67675 023 D000000 12231 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 12.1 062 M000000 0.0 062 N000000 53.8 062 O000000 0.0 062 P000000 34.2 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 10.4 066 A000000 N 071 A000000 7080 071 B000000 5422 071 C000000 34441 071 D000000 16 072 A000000 12 072 B000000 2727 072 C000000 0 072 D000000 0 072 E000000 0 072 F000000 192 072 G000000 0 072 H000000 46 072 I000000 8 072 J000000 0 072 K000000 0 PAGE 3 072 L000000 45 072 M000000 36 072 N000000 0 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 30 072 S000000 0 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 53 072 X000000 410 072 Y000000 0 072 Z000000 2317 072AA000000 0 072BB000000 139 072CC010000 1516 072CC020000 0 072DD010000 0 072DD020000 0 072EE000000 0 073 A010000 1.0500 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 5 074 B000000 0 074 C000000 4820 074 D000000 35176 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 374 074 K000000 0 074 L000000 0 074 M000000 9 074 N000000 40384 074 O000000 0 074 P000000 0 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 744 074 S000000 0 074 T000000 39640 074 U010000 2169 074 U020000 0 PAGE 4 074 V010000 18.28 074 V020000 0.00 074 W000000 0.0000 074 X000000 1200 074 Y000000 0 075 A000000 0 075 B000000 39026 076 000000 15.88 077 A000000 Y 077 B000000 Y 077 Q010000 Y 077 Q020000 N 077 Q030000 N 080 A000000 FRANKEL & CO. INC. 080 C000000 400 081 A000000 N 081 B000000 0 082 A000000 Y 082 B000000 25 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE ROBERT R. JOHNSON TITLE ASSISTANT SECRETARY