UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-4915

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200 South Wacker Drive, Suite 500, Chicago, Illinois	60606
(Address of principal executive offices)	(Zip code)

Nathan I. Partain	Lawrence R. Hamilton
DNP Select Income Fund Inc.	Mayer Brown LLP
200 South Wacker Drive, Suite 500	71 South Wacker Drive
Chicago, Illinois 60606	Chicago, Illinois 60606

(Name and address of agents for service)

Registrant’s telephone number, including area code: (312) 368-5510

Date of fiscal year end: December 31

Date of reporting period: September 30, 2010

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ITEM 1. SCHEDULE OF INVESTMENTS.

     The Schedule of Investments follows.

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	DNP Select Income Fund Inc.
	Third Quarter Report September 30, 2010

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November 4, 2010

Dear Fellow Shareholders:

     Performance Review: Consistent with its primary objective of current income, the Fund declared three monthly distributions of 6.5 cents per share of common stock during the third quarter of 2010. The 6.5 cent per share monthly rate, without compounding, would be 78 cents annualized, or a 7.95% common stock distribution yield based on the September 30, 2010, closing price of $9.81 per share. That yield compares favorably with the yields of 4.26% on the Dow Jones Utility Index and 4.25% on the S&P Utilities Index. Please refer to the portion of this letter captioned “About Your Fund—Distribution Policy” for important information about the anticipated sources and characterization of the Fund’s distributions for 2010.

     The Fund performed well during the quarter ended September 30, 2010, as measured by total return (income plus change in market price). In absolute terms, the Fund had a total return of 11.7%. In relative terms, the Fund exceeded the 10.2% return of a composite of the S&P Utilities Index and the Barclays Capital U.S. Utility Bond Index that reflects the stock and bond ratio of the Fund.

     Likewise, the Fund’s year-to-date performance through September 30, 2010 has been favorable. During this period, your Fund's total return of 17.1% exceeded the 4.3% return of the S&P Utilities Index and the 6.2% return of the stock and bond composite referred to above.

     On a longer-term basis, as of September 30, 2010, your Fund had a five-year cumulative total return of 30.1%, which exceeded the 22.2% return of the composite of the S&P Utilities Index and the Barclays Capital U.S. Utility Bond Index, reflecting the stock and bond ratio of the Fund. In comparison, the S&P Utilities Index had a total return during that period of 13.2%. It is important to note that the composite and index returns stated here and below include no fees or expenses, whereas the Fund’s returns are net of expenses.

     The table below compares the performance of your Fund to various market benchmarks.

	Cumulative Total Return*
	DNP Select Income
For the period indicated through September 30, 2010	Fund Inc.		Composite Index	S&P Utilities Index	Barclays Capital U.S. Utility Bond Index
	Market	NAV
One year	20.4%	22.6%	11.9%	11.9%	12.1%
Five years	30.1%	33.6%	22.2%	13.2%	44.9%

*

Total return includes dividends reinvested in the Fund or index, as applicable. The Composite Index is a composite of the returns of the S&P Utilities Index and the Barclays Capital U.S. Utility Bond Index, weighted to reflect the stock and bond ratio of the Fund. Performance returns for the S&P Utilities Index and Barclays Capital U.S. Utility Bond Index were obtained from Bloomberg LLP. Fund returns were obtained from the Administrator of the Fund. Past performance is not indicative of future results.

     Update on Utility Industry Regulation: As you are well aware, your Fund invests in the stocks and bonds of utilities—electric, gas, communication, and water companies. Although the characteristics of these companies have evolved over time, they still tend to share certain common features: they generally have a franchise or defined service territory; they usually have an obligation to serve those within that franchise; their services and products are likely considered a necessity; and scale provides efficiencies that tend toward provider concentration.

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     Because of the importance of utilities in everyday life, utilities are generally subject to the oversight of state regulatory bodies—public utility or corporation commissions. These bodies are charged with ensuring that customers receive reliable service at a fair price and that service providers earn sufficient returns to maintain and improve their business. Those regulatory goals persist in the current period, although there has been a trend toward regulation that fosters competition with a somewhat lighter hand on oversight. Your Fund managers have frequently stated in these pages that we favor companies that are subject to reasonable regulatory oversight because such regulation can enable those companies to generate more dependable earnings and dividends.

     Your local public utility or corporation commission, of course, is only one form of regulatory oversight to which utility companies and your Fund’s investments are exposed. For example, the production of greenhouse gases (GHGs) is an evolving focus of regulation at both the state and national level. Beginning about a decade ago, environmental groups petitioned the federal Environmental Protection Agency (EPA) to regulate carbon dioxide (CO2) found in “tailpipe emissions” under the Clean Air Act. In 2003, the EPA declined to assert itself in that arena, and subsequent lower-court litigation upheld that decision. In 2007, however, the Supreme Court rejected the EPA’s reasons for refusing to regulate CO2, and ordered the agency to make a determination whether tailpipe emissions contribute to air pollution that endangers health or welfare. Later in 2007, the EPA found there was a positive endangerment to welfare and submitted its findings to the White House, but the EPA subsequently withdrew its proposals. Finally, in 2010 the EPA made public new findings that CO2 does indeed contribute to air pollution that could endanger public health and welfare.

     CO2 is the by-product of almost every form of combustion, and is one of several other by-products broadly called GHGs. Although the debate about global warming and the possible impact of combustion by-products on the environment is not completely settled, governments around the world are taking initiatives to limit the amount of GHGs produced. In this country, several state and local governments have enacted GHG emission regulation. Because it hardly seems possible that a piecemeal approach by state and local governments could be an effective regulatory regime, the United States Congress is the logical entity to craft national regulation that encompasses a broad swath of American industry. However, the issues surrounding GHGs are so contentious that your managers consider it unlikely that Congress will be able to resolve those issues during the lame duck session following the November elections. Further, as a result of the change in the leadership in the House of Representatives at the mid-term elections, GHG legislation could be on the Congressional sidelines until 2013.

     The absence of new Congressional legislation has left the EPA free to broaden its regulatory reach from CO2 tailpipe emissions to electric utility smokestack and industrial facility GHG emissions, and the EPA is taking an active role in writing new regulations to implement programs to reduce various emissions. We believe that most of the financial impact from the new regulations will not be felt for several years but will start to influence investment decisions by utility companies right now. In turn, the new regulations will influence investment decisions by your Fund managers now, and as we continue to monitor developments.

     Your Fund andAspects of its Regulation: Turning from the regulation of the utility industry to the regulation of your Fund, investors can take note of the substantial federal regulation of the activities of registered investment companies such as DNP. Among other things, the Investment Company Act of 1940 (the 1940 Act) seeks to protect investors by mandating extensive disclosure regarding a fund’s structure, operations, financial condition, and investment policies when shares of the fund are initially offered to the public, and thereafter on a regular periodic basis. This shareholder report is part of that process.

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     A different form of oversight touching your Fund is conducted by the Nationally Recognized Statistical Rating Organizations, Moody’s Investors Service (Moody’s) and Standard & Poor’s Financial Services (S&P). Your Fund has preferred stock outstanding that is currently rated AAA by S&P and Aaa by Moody’s. The Fund’s preferred stock is a form of leverage that enables the Fund to borrow at short-term rates and invest at longer-term rates. Currently, longer-term rates are higher than short-term rates so leverage is making a significant contribution to the earnings of the Fund and is providing support for the common stock distribution. (For a more complete description of your Fund’s leverage see the “About Your Fund’s Leverage” section below.)

     S&P has recently released for public comment certain proposed changes to its methodology for rating certain securities, including the preferred stock of closed-end investment companies like the Fund. The proposed new methodology would limit the ability of certain types of securities to maintain a AAA rating. Securities potentially affected include some of the most complex and least understood asset-backed and structured vehicles, many of which experienced substantial losses during the market turmoil associated with the Great Recession. Although your Fund’s preferred shares have continuously paid their dividends during all market conditions, if the proposed new methodology is implemented as proposed, your Fund’s preferred shares could have their S&P rating reduced. Any change in ratings could impact the cost of leverage because the preferred dividend rates are tied to the Moody’s and S&P ratings. Your managers believe that the preferred stock of closed-end investment companies, because of their regulation under the ’40 Act, should be treated differently from the securities of asset-backed and structured vehicles and accordingly we plan to submit comments to S&P on the proposed changes in methodology. Additional information may be available later this year or early next year.

     Board of Directors Meeting: At the regular November 2010 Board of Directors’ meeting, the Board declared the following monthly distributions:

Cents Per Share	Record Date	Payable Date
6.5	December 31	January 10
6.5	January 31	February 10
6.5	February 28	March 10

     About Your Fund’s Distribution Policy: At the February 2008 Board of Directors meeting, the Board reaffirmed the current 6.5 cent per share monthly distribution rate and formalized the monthly distribution process by adopting a Managed Distribution Plan (MDP). The Board reviews the operation of the MDP on a quarterly basis, with the most recent review having been conducted in November 2010. The MDP is described in a Question and Answer format on your Fund’s web site: http://www.dnpselectincome.com.

     From 2004 to 2008, the Fund made use of realized gains offset by tax loss carryforwards to supplement its investment income. When the Fund utilizes tax loss carryforwards, distributions to shareholders derived from realized gains are treated as ordinary income for tax purposes under the Internal Revenue Code (IRC). Until 2008, the treatment of the Fund’s realized gains as ordinary income for tax purposes enabled the Fund to maintain its monthly “income only” distribution rate. In 2008, however, the Fund exhausted the tax loss carryforwards it had previously generated.

     In the absence of tax loss carryforwards, some of the Fund's monthly distributions could be made from either realized gains and treated as taxable gains rather than ordinary income, or return of capital and not taxed. Shareholders are required to reduce the cost basis of their shares by the amount of the return of capital so that, when the shares are ultimately sold, they will have properly accounted for the return of capital. In 2009 there was a return of capital.

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     Due to the significant market dislocation in 2008 and 2009, the Fund accumulated approximately $100 million in tax loss carryforwards as of December 31, 2009. The Fund estimates that it has not distributed more than its income and capital gains in the current year to date; however, a portion of your distribution for the full year may be a return of capital.

     About Your Fund—Leverage: Fund management reports quarterly to the Board about the composition of the Fund's leverage and its contribution to the income available for distribution to common shareholders. As of September 30, 2010 the Fund's leverage consisted of Remarketed Preferred Stock (RP) in the amount of $200 million, Auction Preferred Stock (APS) in the amount of $200 million, and debt in the amount of $600 million. On that date the total amount of leverage represented approximately 39% of the Fund's total assets.

     The use of leverage enables the Fund to borrow at short-term rates and invest at longer-term rates. Currently and historically, the term structure of interest rates is upward sloping (longer-term rates are higher than shorter-term rates). As a result, leverage is currently making a significant contribution to the earnings of the Fund. The use of leverage also can make the Fund's share price more volatile than it would be otherwise.

     Early in 2008 disruptions in the short-term fixed income markets resulted in failures in the periodic auctions and remarketings of all closed-end funds' preferred shares, including the preferred shares of your Fund. After reviewing options for resolving preferred share illiquidity, in March 2009 management arranged a $1 billion credit facility with a commercial bank. Subsequently, the Fund utilized the credit facility to redeem $300 million of RP and $300 million of APS.

     Fund management is continuing to pursue the goal of ultimately redeeming the preferred stock that remains outstanding in a manner that is consistent with the interests of all shareholders, is long-term oriented, and would not lead to restrictions in the Fund’s investment process or reduce the pool of investment alternatives. The Fund is limited in its ability to use debt to refinance all of its outstanding preferred stock because of the asset coverage requirements of the 1940 Act and related SEC rules, and by guidelines established by the rating agencies as a condition of maintaining the AAA rating of the preferred stock. Accordingly, the exact timing of any share redemptions is uncertain, and it is unlikely that all of the Fund's outstanding preferred stock will be retired in the near future. The Fund will announce any redemption through press releases and postings to its website.

     Automatic Distribution Reinvestment Plan and Direct Deposit Service—The Fund has a distribution reinvestment plan available as a benefit to all registered shareholders and also offers direct deposit service through electronic funds transfer to all registered shareholders currently receiving a monthly distribution check. These services are offered through BNY Mellon Shareowner Services. For more information and/or an authorization form on automatic distribution reinvestment or direct deposit, please contact BNY Mellon Shareowner Services (1-877-381-2537 or http://stock.bankofny.com). Information on these services is also available on the Fund’s website at the address noted below.

     Visit us on the Web—You can obtain the most recent shareholder financial reports and distribution information at our website, http://www.dnpselectincome.com.

     We appreciate your interest in DNP Select Income Fund Inc., and we will continue to do our best to be of service to you.

Nathan I. Partain, CFA
Director, President, and Chief Executive Officer

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DNP SELECT INCOME FUND INC.
STATEMENT OF NET ASSETS
(UNAUDITED)
September 30, 2010

COMMON STOCKS—106.6%
			Value (Note 1)
Shares		Description
		n ELECTRIC, GAS AND WATER—83.4%
500,000		AGL Resources Inc.	$	19,180,000
1,500,000		Alliant Energy Corp.		54,525,000
1,000,000		Atmos Energy Corp.(a)(b)		29,250,000
2,000,000		CMS Energy Corp.		36,040,000
3,071,300		CenterPoint Energy Inc.(a)		48,280,836
1,100,000		DPL Inc.		28,743,000
1,400,000		Dominion Resources, Inc.(a)(b)		61,124,000
800,000		Enbridge Inc. (Canada)		41,840,000
850,000		Entergy Corp.(a)(b)		65,050,500
1,185,000		FirstEnergy Corp.(a)(b)		45,669,900
500,000		Great Plains Energy Inc.		9,450,000
188,673		National Grid PLC ADR (United Kingdom)		8,063,884
675,714		National Grid PLC (United Kingdom)		5,749,869
1,505,000		NextEra Energy, Inc.(a)(b)		81,856,950
2,000,000		Northeast Utilities Inc.(a)(b)		59,140,000
800,000		Northwest Natural Gas Co.(a)(b)		37,960,000
1,237,200		NSTAR(a)		48,683,820
2,400,000		NV Energy, Inc.		31,560,000
800,000		ONEOK, Inc.		36,032,000
2,000,000		Pepco Holdings Inc.		37,200,000
1,000,000		Piedmont Natural Gas Co.		29,000,000
1,500,000		Pinnacle West Capital Corp.(a)(b)		61,905,000
1,646,700		Progress Energy Inc.(a)(b)		73,146,414
1,800,000		Public Service Enterprise Group Inc.(a)(b)		59,544,000
1,000,000		Sempra Energy(a)(b)		53,800,000
2,000,000		Southern Co.(a)		74,480,000
1,015,000		Spectra Energy Corp.		22,888,250
3,000,000		TECO Energy Inc.(a)(b)		51,960,000
1,000,000		TransCanada Corp. (Canada)(a)		37,120,000
1,500,000		Vectren Corp.(a)		38,805,000
1,000,000		WGL Holdings Inc.		37,780,000
1,750,000		Westar Energy Inc.		42,402,500
1,000,000		The Williams Companies, Inc.		19,110,000
500,000		Wisconsin Energy Corp.		28,900,000
3,000,000		Xcel Energy Inc.(a)(b)		68,910,000
				1,485,150,923
		n TELECOMMUNICATION—23.2%
2,508,260		AT&T Inc.(a)(b)		71,736,236
1,200,000		CenturyLink Inc.(a)(b)		47,352,000
1,000,000		France Telecom SA (France)		21,638,432
3,518,491		Frontier Communications Corp.(a)		28,746,071
998,000		SES (Luxembourg)		24,027,165
68,400		Swisscom AG (Switzerland)		27,746,476
8,400,000		Telstra Corp. Ltd. (Australia)		21,309,248
757,900		Telus Corp. (Canada)		33,778,026
2,160,028		Verizon Communications Inc.(a)(b)		70,395,313
1,121,640		Vodafone Group PLC ADR (United Kingdom)		27,827,888
3,128,360		Windstream Corp.		38,447,545
				413,004,400
		Total Common Stocks
		(Cost—$1,753,757,614)		1,898,155,323

PREFERRED STOCKS—8.2%
		n UTILITY—1.2%
220,000		Southern California
		Edison 61/8% Perpetual		22,068,750
				22,068,750
		n NON-UTILITY—7.0%
710,432		AMB Property Corp.
		7% Series O Perpetual		17,916,243
650,000		Duke Realty Corp.
		6.95% Series M Perpetual		16,165,500
605,000		Kimco Realty Corp.
		73/4% Series G Perpetual		15,500,100
900,000		Public Storage Inc.
		71/4% Series I Perpetual		22,725,000

The accompanying notes are an integral part of this Statement of Net Assets.

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DNP SELECT INCOME FUND INC.
STATEMENT OF NET ASSETS—(Continued)
(UNAUDITED)
September 30, 2010

Shares		Description	Value (Note 1)
600,000		Realty Income Corp.
		73/8% Series D Perpetual(a)	$	15,648,000
660,000		UDR, Inc.
		63/4% Series G Perpetual		16,644,408
200,000		Vornado Realty Trust
		7% Series E Perpetual		5,080,000
234,900		Vornado Realty Trust
		65/8% Series G Perpetual		5,769,144
350,000		Vornado Realty Trust
		65/8% Series I Perpetual		8,627,500
				124,075,895
		Total Preferred Stocks
		(Cost—$144,060,989)		146,144,645
BONDS—40.0%
Par Value		Description	Value (Note 1)
		n ELECTRIC AND GAS—21.9%
$10,000,000		AGL Capital Corp.
		71/8%, due 1/14/11(a)		10,171,250
22,000,000		Arizona Public Service Co.
		67/8%, due 8/01/36(a)		26,183,982
5,000,000		Atmos Energy Corp.
		73/8%, due 5/15/11		5,186,895
8,950,000		Atmos Energy Corp.
		81/2%, due 3/15/19		11,634,544
11,000,000		Cleveland Electric Illuminating Co.
		87/8%, due 11/15/18(a)		14,667,213
6,750,000		Commonwealth
		6.95%, due 7/15/18		8,035,882
24,000,000		Dominion Resources Capital Trust I
		7.83%, due 12/01/27(a)		24,400,080
10,000,000		DPL Capital Trust II
		81/8%, due 9/01/31		10,598,700
5,000,000		Entergy Louisiana LLC
		6.30%, due 9/01/35		5,012,845
20,000,000		Entergy Texas Inc.
		71/8%, due 2/01/19(a)		24,438,100
9,676,000		EQT Corp.
		81/8%, due 6/01/19		11,996,324
13,512,000		FPL Group Capital Inc.
		77/8%, due 12/15/15		16,836,682
10,242,000		Indiana Michigan Power Co.
		63/8%, due 11/01/12		11,176,695
21,000,000		Keyspan Corp.
		75/8%, due 11/15/10(a)		21,162,141
8,030,000		Kinder Morgan
		6.85%, due 2/15/20		9,573,286
5,000,000		Metropolitan Edison Co.
		7.70%, due 1/15/19		6,265,445
10,000,000		National Fuel Gas Co.
		83/4%, due 5/01/19(a)		12,770,970
15,200,000		National Rural Utilities Cooperative Finance Corp.
		71/4%, due 3/01/12		16,541,750
15,123,000		Oncor Electric Delivery Co. LLC
		63/8%, due 5/01/12		16,471,503
11,000,000		ONEOK, Inc.
		6%, due 6/15/35		11,376,926
4,500,000		ONEOK Partners, LP
		6.15%, due 10/01/16		5,203,138
9,101,000		PSEG Power LLC
		73/4%, due 4/15/11		9,437,691
14,000,000		Progress Energy Inc.
		7.05%, due 3/15/19		17,354,960
25,000,000		Reliant Energy Resources Corp.
		73/4%, due 2/15/11(a)		25,623,550
9,712,000		Sempra Energy
		61/2%, due 6/01/16		11,620,019
6,488,000		Southern Union Co.
		7.60%, due 2/01/24		7,649,092
8,850,000		Southern Union Co.
		81/4%, due 11/15/29		10,275,213
2,615,000		Spectra Energy
		63/4%, due 7/15/18		3,024,112
9,140,000		TransCanada PipeLines Ltd. (Canada)
		71/8%, due 1/15/19		11,580,115

The accompanying notes are an integral part of this Statement of Net Assets.

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DNP SELECT INCOME FUND INC.
STATEMENT OF NET ASSETS—(Continued)
(UNAUDITED)
September 30, 2010

			Value (Note 1)
Par Value		Description
$11,380,000		Williams Partners, LP
		71/4%, due 2/01/17	$	13,555,310
				389,824,413
		n TELECOMMUNICATION—16.6%
14,913,000		AT&T Wireless Services Inc.
		77/8%, due 3/01/11		15,358,168
10,000,000		AT&T Wireless Services Inc.
		81/8%, due 5/01/12		11,109,580
10,000,000		Alltel Corp.
		7%, due 7/01/12		11,001,480
10,000,000		BellSouth Capital Funding Corp.
		77/8%, due 2/15/30(a)		12,477,630
22,000,000		British Telecom PLC (United Kingdom)
		93/8%, due 12/15/10(a)		22,347,424
15,000,000		Centurytel Inc.
		83/8%, due 10/15/10		14,537,400
15,000,000		Centurytel Inc.
		67/8%, due 1/15/28(a)		15,022,095
8,900,000		Comcast Corp.
		7.05%, due 3/15/33		10,425,478
23,140,000		France Telecom SA (France)
		73/4%, due 3/01/11		23,819,043
15,000,000		Koninklijke KPN NV (Netherlands)
		83/8%, due 10/01/30(a)		20,671,515
10,311,000		Rogers Wireless Inc. (Canada)
		71/2%, due 3/15/15		12,604,290
10,000,000		TCI Communications Inc.
		83/4%, due 8/01/15		12,586,800
5,000,000		TCI Communications Inc.
		71/8%, due 2/15/28		5,724,370
5,500,000		Tele-Communications Inc.
		77/8%, due 8/01/13		6,408,897
32,000,000		Telecom Italia Capital (Italy)
		7.20%, due 7/18/36(a)		34,409,312
5,000,000		Telefonica Europe BV (Spain)
		81/4%, due 9/15/30		6,588,120
6,535,000		Telus Corp. (Canada)
		8%, due 6/01/11		6,843,034
23,304,000		Time Warner Cable Inc.
		71/2%, due 4/01/14		27,467,027
15,500,000		Verizon Global Funding Corp.
		73/4%, due 12/01/30(a)		20,011,600
5,000,000		Vodafone Group PLC (United Kingdom)
		77/8%, due 2/15/30		6,628,465
				296,041,728
		n NON-UTILITY—1.5%
14,790,000		CPG Partners LP
		81/4%, due 2/01/11(a)		15,101,965
8,000,000		Dayton Hudson Corp.
		97/8%, due 7/01/20		11,097,512
				26,199,477
		Total Bonds
		(Cost—$684,890,328)		712,065,618
		TOTAL INVESTMENTS—154.8% (Cost—$2,582,708,931)		2,756,365,586
		COMMITTED FACILITY AGREEMENT—(33.7%)		(600,000,000	)
		OTHER ASSETS LESS LIABILITIES—(9.9%)		(176,042,144	)
		AUCTION PREFERRED STOCK—(11.2%)		(200,000,000	)
		NET ASSETS APPLICABLE TO COMMON STOCK—100.0%	$	1,780,323,442

(a)	All or a portion of this security has been segregated as collateral for the committed facility agreement and made available for loan.
(b)	All or a portion of this security has been loaned.

The percentage shown for each investment category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.

The accompanying notes are an integral part of this Statement of Net Assets.

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(1)

The Fund's investments are carried at fair value which is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. The three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the three broad levels listed below. Level 1—quoted prices in active markets for identical securities Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment spreads, credit risks, etc.) Level 3—significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments) The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. The following is a summary of the inputs used to value each of the Fund's investments at September 30, 2010.

		Level 1			Level 2
	Common stocks	$1,898,155,323			—
	Preferred stocks	146,144,645			—
	Bonds	—			$712,065,618
	Total	$2,044,299,968			$712,065,618

(2)

At December 31, 2009, the Fund’s most recent fiscal tax year end, based on a tax cost of investments of $2,567,571,369, the Fund had gross unrealized appreciation of $215,591,538 and gross unrealized depreciation of $116,131,200. Other information regarding the Fund is available in the Fund’s most recent semi-annual and annual reports. This information is available on the Fund’s website at www.dnpselectincome.com or the Securities and Exchange Commission’s website at www.sec.gov.

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Board of Directors	DNP Select
	Income Fund Inc.
DAVID J. VITALE
Chairman	Common stock listed on the New York
	Stock Exchange under the symbol DNP
NANCY LAMPTON
Vice Chairperson	200 South Wacker Drive, Suite 500
	Chicago, Illinois 60606
STEWART E. CONNER	(312) 368-5510
ROBERT J. GENETSKI
	Shareholder inquiries please contact:
PHILIP R. MCLOUGHLIN
GERALDINE M. MCNAMARA	Transfer Agent,
	Dividend Disbursing
EILEEN A. MORAN	Agent and Custodian
NATHAN I. PARTAIN, CFA	BNY Mellon
	Shareowner Services
CHRISTIAN H. POINDEXTER	480 Washington Blvd.
	Jersey City, New Jersey 07310
CARL F. POLLARD	(877) 381-2537
	Investment Adviser
	Duff & Phelps Investment
	Management Co.
	200 South Wacker Drive, Suite 500
	Chicago, Illinois 60606
	(312) 368-5510
Officers
	Administrator
NATHAN I. PARTAIN, CFA
President, Chief Executive Officer and	J.J.B. Hilliard, W.L. Lyons, LLC
Chief Investment Officer	500 West Jefferson Street
	Louisville, Kentucky 40202
T. BROOKS BEITTEL, CFA	(888) 878-7845
Senior Vice President and Secretary
	Legal Counsel
JOSEPH C. CURRY, JR.
Senior Vice President and Treasurer	Mayer Brown LLP
	71 South Wacker Drive
DIANNA P. WENGLER	Chicago, Illinois 60606
Vice President and Assistant Secretary
ALAN M. MEDER, CFA, CPA	Independent Registered Public Accounting Firm
Assistant Treasurer and Assistant Secretary
	Ernst & Young LLP
JOYCE B. RIEGEL	155 North Wacker Drive
Chief Compliance Officer	Chicago, Illinois 60606

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ITEM 2. CONTROLS AND PROCEDURES.

     (a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on an evaluation of those controls and procedures made as of a date within 90 days of the filing date of this report as required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934.

     (b) There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

Exhibit 99.CERT	Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	DNP SELECT INCOME FUND INC.
By (Signature and Title)	/s/ NATHAN I. PARTAIN
	Nathan I. Partain
	President and Chief Executive Officer
Date	November 8, 2010

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)	/s/ NATHAN I. PARTAIN
	Nathan I. Partain
	President and Chief Executive Officer
Date	November 8, 2010
By (Signature and Title)	/s/ JOSEPH C. CURRY, JR.
	Joseph C. Curry, Jr.
	Senior Vice President and Treasurer
Date	November 8, 2010

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