AMENDMENT OF SHAREHOLDER SERVICES AGREEMENT This Amendment to the Shareholder Services Agreement (the "Agreement") by and between American Funds Service Company (hereinafter "AFS") and The Income Fund of America, Inc.(hereinafter called "the Fund") is...

            AMENDMENT OF SHAREHOLDER SERVICES AGREEMENT
                                 
     This Amendment to the Shareholder Services Agreement (the
"Agreement") by and between American Funds Service Company
(hereinafter "AFS") and The Income Fund of America,
Inc.(hereinafter called "the Fund") is dated as of the first day of
January 1998.

     WHEREAS, AFS and the Fund entered into the Agreement with
regard to certain shareholder services to be performed by AFS; and
     
     WHEREAS, AFS and the Fund desire to amend said Agreement in
the manner hereinafter set forth;

     NOW THEREFORE, pursuant to Section 9 of the Agreement, AFS and
the Fund hereby amend the Agreement in the following form:

     1.   Section 6 is amended to read as follows:

     AFS will provide to the participating investment companies the
shareholder services referred to herein in return for the following
fees:

     Annual account maintenance fee (paid monthly):
          $0.45 per month for each open account on AFS books or in
Level 2 or 4
               Networking ($5.40 per year).
          $0.06 per month for each open account maintained in
Street Name or 
               Level 1 or 3 Networking ($0.72 per year).
          No annual fee will be charged for a participant account
underlying a 401(k)
               or other defined contribution plan where the plan
maintains a single
               account on AFS books and responds to all participant
inquiries.

     Transaction fees:
          $2.70 per non-automated transaction
          $0.20 per automated transaction

     For this purpose, "transactions" shall include all types of
transactions included in an "activity index" as reported to the
Review and Advisory Committee at least annually.  AFS will xxxx the
Fund monthly, on or shortly after the first of each calendar month,
and the Fund will pay AFS within five business days of such
billing.  

     Any revision of the schedule of charges set forth herein shall
require the affirmative vote of a majority of the members of the
board of directors of the Fund.

     IN WITNESS THEREOF, AFS and the Fund have caused this
Amendment to be executed by their duly authorized officers
effective as of the date first written above.


THE INCOME FUND OF                 AMERICAN FUNDS
AMERICA, INC.                      SERVICE COMPANY


BY:  /s/ Xxxxxxx X. Xxxx                BY:  /s/ Xxxxxxx X.
Xxxxxxxxxx     

Name:     Xxxxxxx X. Xxxx                         Name:     Xxxxxxx
X. Xxxxxxxxxx       
Title:    Secretary                     Title:    Secretary           
Date:     January 2, 1998                    Date:     January 2,
1998