CIK: 1286401 - Address: C/o Hyperion Capital Management, Inc., One Liberty Plaza, 165 Broadway, 36Th Fl, New York, NY 10006-1404
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S%ret111-1-203722
S%wins10010010000050

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9/7/04 16:00
9/7/04
HSMHyperion Strategic Mortgage Income Fund IncFundCEFClosed-End FundsSyage Joseph SNYHDirectorS-1514.520-1-165D1618295510-1-20372

DDerivative transaction in filing (usually option exercise)
MMultiple transactions in filing; earliest reported transaction date and weighted average transaction price
AAmended filing
EError detected in filing
S - SaleSale of securities on an exchange or to another person
S - Sale+OESale of securities on an exchange or to another person (after option exercise)
F - TaxPayment of exercise price or tax liability using portion of securities received from the company
P - PurchasePurchase of securities on an exchange or from another person
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