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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001035076-98-000006.txt : 19980122
<SEC-HEADER>0001035076-98-000006.hdr.sgml : 19980122
ACCESSION NUMBER:		0001035076-98-000006
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980121
SROS:			NYSE

SUBJECT COMPANY:	

	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:		SC 13G/A
		SEC ACT:		
		SEC FILE NUMBER:	005-41021
		FILM NUMBER:		98510236

	BUSINESS ADDRESS:	
		STREET 1:		114 W 47TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2128523732

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOWE BROCKENBROUGH & TATTERSALL STRATEGIC ADVISORS INC /FA
		CENTRAL INDEX KEY:			0001035076
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				541836068
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		6620 W BROAD STREET
		STREET 2:		SUITE 300
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23230
		BUSINESS PHONE:		8042880404

	MAIL ADDRESS:	
		STREET 1:		6620 W BROAD ST
		STREET 2:		SUITE 300
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23230
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<TEXT>

			       SCHEDULE 13G


	       Under the Securities Exchange Act of 1934
			(Amendment No.__1_______)*


Excelsior Income Shares_________________________________________
(Name of Issuer)
Common Stock____________________________________________________
(Title of Class of Securities)
30072300_______________________________________________________
(CUSIP Number)
________________________________________________________________

Check the following box if a fee is being paid with this statement .  (A fee
is not required only if the filing person:  (1) has a previous statement on 
file reporting beneficial ownership of more than five percent of the class of 
securities described in Item 1; and (2) has filed no amendment subsequent 
thereto reporting beneficial ownership of five percent or less of such 
class.)  (See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, 
and for any subsequent amendment containing information which would alter the 
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange 
Act of 1934 ("Act") or otherwise subject to the liabilities of that section 
of the Act but shall be subject to all other provisions of the Act (however. 
see the Notes).



CUSIP NO 30072300_____________          13G                   Page____ of _____



1.  Name of Reporting Person
	S.S. or I.R.S. Identification No. of Above Person
Lowe, Brockenbrough & Tattersall Strategic Advisors, Inc.
54-1836068


2.  Check the Appropriate Box if a Member of a Group*

							(a) 
							(b) XX


3.  SEC USE ONLY



4.  Citizenship or Place of Organization
6620 W. Broad Street Suite 300
Richmond, Virginia 23230-1720


Number of               5.  Sole Voting Power 267,200 shares
    Shares
Beneficially            6.  0 
Owned by
    Each                7.  267,200
Reporting
    Person              8.  0
    With



9.  Aggregate Amount Beneficially Owned By Each Reporting Person
	     267,200 shares


10.  Check Box If The Aggregate Amount In Row (9) Excludes 
       Certain Shares*



11.  Percent Of Class Represented By Amount In Row 9
	      12.2%


12.  Type of Reporting Person*
	IA





SIGNATURE


	After reasonable inquiry and to the best of my knowledge
 and belief, I certify that the information set forth in
 this statement is true, complete and correct.



Excelsior Income Shares


ITEM 1:
  a)  Excelsior Income Shares
  b)  114 W. 47th St.  New York New York 10036

ITEM 2:
  a)  Lowe, Brockenbrough & Tattersall Strategic Advisors, Inc.
  b)  6620 W. Broad Street Ste. 300 Richmond, Virginia 23230-1720
  c)  USA
  d)  Common Stock
  e)  30072300

ITEM 3:
  e)  IA

ITEM 4:
  a)      267,200 SHARES
  b)      12.2%
  c) (i)  267,200 shares
     (ii) 0
    (iii) 267,200 shares
    (iv)  0

ITEM 5:
  Not applicable

ITEM 6:
  Not applicable

ITEM 7:
  Not applicable

ITEM 8:
  Not applicable

ITEM 9:
  Not applicable

Date:  January 21, 1998


_____________________________________
Fred T. Tattersall, Managing Director

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