(Do not use this space) UNITED STATES ---------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-23C-1 ---------------------------- STATEMENT BY REGISTERED CLOSED-END INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH (See rules and instructions on back of this form. If acknowledgment is desired, file this form with the Commission in triplicate.) REPORT FOR CALENDAR MONTH ENDING October 31, 2002 --------------------------------- ------------------------------------------------------------------------------------------------------------- (Name of registered closed-end investment company) ----------------------------------------------------------------------------------------------------------------------------------- APPROXIMATE ASSET DATE OF NUMBER OF PRICE VALUE OR APPROXIMATE NAME OF SELLER EACH IDENTIFICATION SHARES PER ASSET COVERAGE PER SHARE OR OF TRANSACTION OF SECURITY PURCHASED SHARE AT TIME OF PURCHASE SELLER'S BROKER ----------------------------------------------------------------------------------------------------------------------------------- October 8, 2002 The New America High Income 200 $25,000 $52,056 Merrill Lynch Fund, Inc. Auction Term Preferred Stock Series D October 15, 2002 The New America High Income 200 $25,000 $52,385 Lehman Brothers Fund, Inc. Auction Term Preferred Stock Series B ----------------------------------------------------------------------------------------------------------------------------------- REMARKS: The New America High Income Fund, Inc. ------------------------------------------------------------ Name of Registrant By Ellen E. Terry ------------------------------------------------------------ (Name) Date of Statement: November 5, 2002 Vice President ------------------------------------------ ------------------------------------------------------------ (Title) POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. SEC 1580 (5-97)