-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 VW80mjUcuPjhBfdUaefdxQ==

<SEC-DOCUMENT>0001132072-01-500324.txt : 20020412
<SEC-HEADER>0001132072-01-500324.hdr.sgml : 20020412
ACCESSION NUMBER:		0001132072-01-500324
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20011031
FILED AS OF DATE:		20011210

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:		1940 Act
		SEC FILE NUMBER:	817-00827
		FILM NUMBER:		1810136

	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
<FILENAME>s15-2604b_n23c1.txt
<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 back of this form. If acknowledgment is
          desired, file this form with the Commission in triplicate.)

                REPORT FOR CALENDAR MONTH ENDING OCTOBER 2001

                                    EIS FUND
               (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 Time          of Seller's
Transaction   of Security    Purchased   Share   of Purchase            Broker
<S>          <C>             <C>         <C>     <C>                    <C>
10/4/01        Common             200    17.260       18.73             Execution Services, Inc.
10/5/01        Common             800    17.260       18.73             Execution Services, Inc.
10/11/01       Common             100    17.160       18.68             Execution Services, Inc.
10/12/01       Common             700    17.160       18.68             Execution Services, Inc.
10/18/01       Common             200    17.160       18.50             Execution Services, Inc.
10/22/01       Common             100    17.060       18.50             Execution Services, Inc.
10/25/01       Common             900    17.060       18.53             Execution Services, Inc.
10/25/01       Common           1,000    16.960       18.53             Execution Services, Inc.
10/26/01       Common           1,000    16.860       18.53             Execution Services, Inc.
10/29/01       Common           1,000    16.760       18.53             Execution Services, Inc.
</table>

REMARKS:                                               EIS Fund
                                                 (Name of Registrant)

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

Date of Statement: December 3, 2001     Assistant Secretary-Assistant Treasurer
                                                         (Title)

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