<SEC-DOCUMENT>0001104659-14-044510-index.html : 20140624
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<ACCEPTANCE-DATETIME>20140606161333
ACCESSION NUMBER:		0001104659-14-044510
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20140331
FILED AS OF DATE:		20140606
DATE AS OF CHANGE:		20140606
EFFECTIVENESS DATE:		20140606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			H&Q LIFE SCIENCES INVESTORS
		CENTRAL INDEX KEY:			0000884121
		IRS NUMBER:				043147016
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06565
		FILM NUMBER:		14896719

	BUSINESS ADDRESS:	
		STREET 1:		2 LIBERTY SQUARE
		STREET 2:		9TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6177728515

	MAIL ADDRESS:	
		STREET 1:		2 LIBERTY SQUARE
		STREET 2:		9TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
</SEC-HEADER>
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<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>a14-12020_1ncsrs.htm
<DESCRIPTION>N-CSRS
<TEXT>
Document 1 - file: a14-12020_1ncsrs.htm

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<DOCUMENT>
<TYPE>EX-99.CERT
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<FILENAME>a14-12020_1ex99dcert.htm
<DESCRIPTION>EX-99.CERT
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Document 2 - file: a14-12020_1ex99dcert.htm

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<DOCUMENT>
<TYPE>EX-99.906CERT
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<FILENAME>a14-12020_1ex99d906cert.htm
<DESCRIPTION>EX-99.906CERT
<TEXT>
Document 3 - file: a14-12020_1ex99d906cert.htm

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<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>j14120203_aa001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: j14120203_aa001.jpg

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<SEQUENCE>5
<FILENAME>j14120203_aa002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: j14120203_aa002.jpg

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Document 6 - file: j14120203_aa003.jpg

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<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>j14120203_ba004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: j14120203_ba004.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>j14120203_ba005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: j14120203_ba005.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>j14120203_ba006.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: j14120203_ba006.jpg

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