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Note: This revised definitive 14A is being done in order to submit a Proxy Card
which should have been included with the DEF 14A filing on 7/26/95.
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                        CORPORATE HIGH YIELD FUND, INC.
                                 P.O. Box 9011
                        Princeton, New Jersey 08543-9011

                                   P R O X Y

          This proxy is solicited on behalf of the Board of Directors


  The undersigned hereby appoints Arthur Zeikel, Terry K. Glenn and
Michael J. Hennewinkel as proxies, each with the power to appoint his 
substitute, and hereby authorizes them to represent and to vote, as 
designated on the reverse hereof, all the Common Stock of Corporate High Yield
Fund, Inc. (the "Fund") held of record by the undersigned on July 14, 1995 
at the annual meeting of stockholders of the Fund to be held on 
September 8, 1995 or any adjournment thereof.

  This proxy when properly executed will be voted in the manner directed 
herein by the undersigned stockholder. If no direction is made, this proxy 
will be voted for Proposals 1 and 2.

                                (Continued and to be signed on the reverse side)







1.   ELECTION OF DIRECTORS     FOR all nominees listed below                       WITHHOLD AUTHORITY
                               (except as marked to the contrary below) [ ]        to vote for all nominees listed below [ ] 

                                                                                                            
     (INSTRUCTION: To withhold authority to vote for any individual nominee, 
strike a line through the nominee's name in the list below.) 

     Joe Grills, Walter Mintz, Melvin R. Seiden, Stephen B. Swensrud, Harry Woolf,
     Arthur Zeikel

2.  Proposal to ratify the selection of Deloitte & Touche LLP as the independent      
    auditors of the Fund to serve for the current fiscal year.                     FOR [ ]    AGAINST [ ]        ABSTAIN [ ]

3.  In the discretion of such proxies, upon such other business as may properly 
    come before the meeting or any adjournment thereof.


     

Please sign exactly as name appears hereon. When shares are held by joint 
tenants, both should sign. When signing as attorney or as executor,
administrator, trustee or guardian, please give full title as such. If a 
corporation, please sign in full corporate name by president or other 
authorized officer. If a partnership, please sign in partnership name by 
authorized persons.

                                                    Dated:_____________  , 1995


                                                     X_________________________
                                                             Signature

                                                     X_________________________ 
                                                      Signature, if held jointly

Please mark boxes [ ] or [X] in blue or black ink. 
Sign, Date and Return the Proxy Card Promptly Using the Enclosed Envelope.