Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PARTAIN NATHAN I
  2. Issuer Name and Ticker or Trading Symbol
DNP SELECT INCOME FUND INC [DNP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 S WACKER DR, STE 500
3. Date of Earliest Transaction (Month/Day/Year)
09/21/2012
(Street)

CHICAGO, IL 60606
4. If Amendment, Date Original Filed(Month/Day/Year)
09/25/2012
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock 09/21/2012   X   13,874 (1) A $ 9.57 44,186 (2) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Subscription Rights (right to buy) $ 1.1963 (3) 09/21/2012   X     110,992 (4) 08/23/2012 09/21/2012 Common stock 13,874 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PARTAIN NATHAN I
C/O DUFF & PHELPS INVESTMENT MANAGEMENT
200 S WACKER DR, STE 500
CHICAGO, IL 60606
  X     President and CEO  

Signatures

 Nathan I. Partain   10/02/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person was notified on October 1, 2012 that, pursuant to the over-subscription privilege, he had been allowed to purchase 10,110 shares that were unsubscribed for by other rights holders, in addition to the 3,764 shares he acquired in the primary subscription and reported in his original Form 4 filing dated September 25, 2012.
(2) Includes 3,165 shares acquired by the reporting person since his last Form 4 filing pursuant to a dividend reinvestment plan meeting the requirements of Rule 16a-11 under the Securiteis Exchange Act of 1934.
(3) The subscription rights entitle the holder to purchase one new share of common stock for every eight rights held.
(4) The reporting person was notified on October 1, 2012 that, pursuant to the over-subscription privilege, he had been allowed to exercise 80,880 subscription rights in addition to the 30,112 subscription rights he exercised in the primary subscription and reported in his original Form 4 filing dated September 25, 2012.

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