REICH & TANG ASSET MANAGEMENT, LLC
                                600 FIFTH AVENUE
                              NEW YORK, N.Y. 10020

                                                    June 13, 2008



VIA EDGAR TRANSMISSION

Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC  20549

Re:      Daily Income Fund
         Investment Company Act File No. 811-8312
         Form N-CSR
         Certified Shareholder Report of Registered Investment Companies

Dear Sir or Madam:

     On behalf of Daily Income Fund (the "Fund"), a registered open-end
management investment company, and pursuant to Rule 30d-1 under the Investment
Company Act of 1940, as amended, we transmit for filing the Fund's Form N-CSR
and applicable exhibits for the period ending March 31, 2008.

                                                  Very truly yours,



                                                  /s/Lisette Rivera
                                                  Lisette Rivera
                                                  Compliance Assistant

ATTACHMENTS