[ARTICLE] 6
[CIK] 0000895523
[NAME] MANAGED HIGH INCOME PORTFOLIO INC.
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          FEB-29-1996
[PERIOD-END]                               AUG-31-1996
[INVESTMENTS-AT-COST]                      454,436,774
[INVESTMENTS-AT-VALUE]                     452,782,796
[RECEIVABLES]                               13,118,261
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             465,901,057
[PAYABLE-FOR-SECURITIES]                       466,444
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    2,344,814
[TOTAL-LIABILITIES]                          2,811,258
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   503,200,818
[SHARES-COMMON-STOCK]                       42,078,306
[SHARES-COMMON-PRIOR]                       41,981,589
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,004,468
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                    37,452,530  
[ACCUM-APPREC-OR-DEPREC]                   (1,654,021)
[NET-ASSETS]                               463,089,799
[DIVIDEND-INCOME]                            1,491,126
[INTEREST-INCOME]                           24,757,866
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               2,902,166
[NET-INVESTMENT-INCOME]                     23,346,826
[REALIZED-GAINS-CURRENT]                   (1,119,139)
[APPREC-INCREASE-CURRENT]                 (13,843,402)
[NET-CHANGE-FROM-OPS]                        8,384,285
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   23,182,639
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                             96,717
[NET-CHANGE-IN-ASSETS]                    (13,734,466)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                    (1,379,815)
[OVERDIST-NET-GAINS-PRIOR]                (36,122,231)
[GROSS-ADVISORY-FEES]                        2,116,164
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,902,826
[AVERAGE-NET-ASSETS]                       467,628,269
[PER-SHARE-NAV-BEGIN]                            11.36
[PER-SHARE-NII]                                  00.57
[PER-SHARE-GAIN-APPREC]                        (00.36)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.56
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.01
[EXPENSE-RATIO]                                  01.23
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>