-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL |FORM 4| Washington, D.C. 20549 -------- OMB Number: 3235-0287 /_/ Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP no longer subject Expires: January 31, 2005 to Section 16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Estimated average burden obligations may Exchange Act of 1934, Section 17(a) of the Public hours per response....0.5 continue. See Utility Holding Company Act of 1935 or Section 30(h) Instruction 1(b). of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* Georgeson, William ------------------------------------------------------------------------------ (Last) (First) (Middle) 55 East Monroe Street, Suite 3600 ------------------------------------------------------------------------------ (Street) Chicago, IL 60603-5807 ------------------------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Duff & Phelps Tax Free Income Inc. (DTF) ---------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Year 12/02 ------------------------------ 5. If Amendment, Date of Original (Month/Year) -------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) _X_ Director ___ Officer ___ 10% Owner ___ Other (give title below) (specify below) ------------------------ ------------------- ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ---------------------------------------------------------------------------------------------------------------------------------- 1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of of action action or Disposed of (D) Securities Form: Indirect Security Date Code (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial (Instr. 3) (Month/ (Instr. 8) Owned at Indirect (I) Ownership Day/ ------------------------------------------- End of Year) Month Code V Amount (A) or Price (Instr. 3 and 4) (Instr. 4) (Instr. 4) (D) ---------------------------------------------------------------------------------------------------------------------------------- Common Stock 12/04/02 P 243.807 A $15.26 3192.295 D shares ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ---------------------------------------------------------------------------------------------------------------------------------- 1. Title 2. Conversion 3. Transaction 4. Transaction 5. Number 6. Date 7. Title and of or Exercise Date Code of Derivative Exerciseable Amount of Derivative Price of (Month/Day/ (Instr. 8) Securities and Expiration Underlying Security Derivative Year) Acquired (A) Date Securities (Instr.3) Security or Disposed (Month/Day/Year) (Instr. 3 and 4) of (D) (Instr. 3, 4 and 5) ---------------------------------------------------------------------------------------------------------------------------------- Amount or Date Expiration Number of Code V (A) (D) Exercisable Date Title Shares ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- 8. Price of 9. Number of Derivative 10. Ownership Form of 11. Nature of Indirect Derivative Securities Beneficially Derivative Securities Beneficial Ownership Security Owned at End Beneficially Owned (Instr. 4) (Instr. 5) of Month at End of Month (Instr. 4) (Instr. 4) ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Explanation of Responses: /s/ Maria G. Master 12/9/02 ------------------------------- --------------- **Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * 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). Note: File three copies of this Form, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure Prudential Financial, Inc. Gateway Center Three 100 Mulberry Street, 4th Floor Newark NJ 07102-4077 December 9, 2002 VIA EDGAR --------- Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Duff & Phelps Tax-Free Income Inc. (the "Fund") Form 4 of William Georgeson ----------------------------- Dear Sir or Madam: We are transmitting electronically via EDGAR a Form 4 with respect to the Fund filed on behalf of Mr. Georgeson, Director of the Fund. Please call me at 973-367-3028 if you have any questions relating to this filing. Thank you for your consideration. Sincerely, /s/ Maria G. Master ------------------------------------- Maria G. Master Vice President and Corporate Counsel