-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 eaApbC5/wq1lIj9g7oSwZA==

<SEC-DOCUMENT>0000940400-01-500206.txt : 20021127
<SEC-HEADER>0000940400-01-500206.hdr.sgml : 20021127
<ACCEPTANCE-DATETIME>20010730151044
ACCESSION NUMBER:		0000940400-01-500206
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010531
FILED AS OF DATE:		20010730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PREFERRED INCOME OPPORTUNITY FUND INC
		CENTRAL INDEX KEY:			0000882071
		IRS NUMBER:				954355600
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06495
		FILM NUMBER:		01692662

	BUSINESS ADDRESS:	
		STREET 1:		301 E COLORADO BLVD STE 720
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101
		BUSINESS PHONE:		8187957300

	MAIL ADDRESS:	
		STREET 1:		301 COLORADO BLVD
		STREET 2:		STE 720
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
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<TEXT>
<PAGE>      PAGE  1
000 A000000 05/31/2001
000 C000000 882071
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000 F000000 Y
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000 H000000 N
000 I000000 6.1
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001 C000000 6267957300
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010 A000001 PFPC INC.
010 C010001 WESTBOROUGH
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011 A000001 LEHMAN BROTHERS INC.
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011 C010001 NEW YORK
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012 A000001 PFPC INC.
012 B000001 85-825
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<PAGE>      PAGE  2
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<PAGE>      PAGE  9
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SIGNATURE   KEVIN CONNERTY
TITLE       ASSISTANT TREASURER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>3
<FILENAME>vote.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>SUB-ITEM 77C:  Submission of Matters to a Vote of Security Holders</TITLE>
</HEAD>
<BODY>

<B><P>SUB-ITEM 77C:  Submission of Matters to a Vote of Security Holders</P>
<P>Preferred Income Opportunity Fund Incorporated</P>
</B>
<P>Meeting of Shareholders</P>

<P ALIGN="JUSTIFY">&#9;On April 27, 2001, the Fund held its Annual Meeting of Shareholders (the &quot;Meeting&quot;) to (1) elect two Directors of the Fund (&quot;Proposal 1&quot;) and (2) ratify the selection of PricewaterhouseCoopers LLP as independent accountants for the Fund for the fiscal year ending November 30, 2001 (&quot;Proposal 2&quot;).  The results of each proposal are as follows:</P>

<P>Proposal 1:&#9;Election of Directors.</P>

<P>&#9;<U>Name</U>&#9;&#9;&#9;&#9;&#9;<U>For</U>&#9;&#9;<U>Withheld</U>&#9;&#9;&#9;</P>
<P>Common Stock</P>
<P>&#9;Robert F. Wulf&#9;&#9;&#9;6,439,889&#9;126,312&#9;&#9;</P>
<P>Preferred Stock</P>
<P>&#9;Donald F. Crumrine&#9;&#9;&#9;650&#9;&#9;--</P>

<P ALIGN="JUSTIFY">Martin Brody, Robert T. Flaherty, David Gale and Morgan Gust continue to serve in their capacities as Directors of the Fund.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">Proposal 2:&#9;Ratify the selection of PricewaterhouseCoopers LLP as independent auditors.</P>

<P>&#9;&#9;&#9;&#9;&#9;&#9;<U>For</U>&#9;&#9;<U>Against</U>&#9;&#9;<U>Abstained</P>
</U>
<P>Common Stock and Preferred Stock</P>
<P>(voting together as a single class)</P>

<P>Voted&#9;&#9;&#9;&#9;&#9;&#9;6,418,922&#9; 19,771&#9; &#9; 128,157</P>

<P>&nbsp;</P>
<P>&nbsp;</P></BODY>
</HTML>

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