THE HIGH YIELD PLUS FUND, INC.
For the fiscal period ended 3/31/02
File number 811-5468

Sub-Item 77-J


Distributions to shareholders, which are determined in accordance with
federal income tax regulations and which may differ from generally accepted
accounting principles, are recorded on the ex-dividend date.  In order to
present undistributed net investment income (loss) and accumulated net
realized gains (losses) on the Statements of Assets and Liabilities that more
closely represent their tax character, certain adjustments have been made to
paid-in capital in excess of par, undistributed net investment income (loss)
and accumulated net realized gain (loss) on investments.  For the year ended
March 31, 2002, the adjustment was to decrease overdistribution of net
investment income by $1,944,348, increase accumulated net realized losses
by $1,832,355 and decrease pain-in capital by $111,993 due primarily to the
federal income tax treatment of net foreign exchange losses, interest income
on defaulted securities and certain other differences between financial and
tax reporting.  Net investment income, net realized losses and net assets were
not affected by this change.