UNITED CONTINENTAL INCOME FUND INC
NSAR-A, 1994-11-23
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<PAGE>      PAGE  1
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001 A000000 UNITED CONTINENTAL INCOME FUND, INC.
001 B000000 811-2008
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002 A000000 6300 LAMAR AVENUE  P O BOX 29217
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<PAGE>      PAGE  2
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013 B010001 KANSAS CITY
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020 A000003 BAUM (GEORGE K.) & COMPANY
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<PAGE>      PAGE  4
022 A000008 CS FIRST BOSTON CORPORATION (THE)
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SIGNATURE   THEODORE W. HOWARD                           
TITLE       V.P. & TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE SEMIANNUAL REPORT
TO SHAREHOLDERS DATED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000101124
<NAME> UNITED CONTINENTAL INCOME FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1995
<PERIOD-END>                               SEP-30-1994
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<INVESTMENTS-AT-VALUE>                     428,726,260
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<OTHER-ITEMS-ASSETS>                            26,142
<TOTAL-ASSETS>                             432,165,617
<PAYABLE-FOR-SECURITIES>                     3,250,000
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<SENIOR-EQUITY>                                      0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-INVESTMENT-INCOME>                      6,879,171
<REALIZED-GAINS-CURRENT>                     7,131,194
<APPREC-INCREASE-CURRENT>                  (1,123,993)
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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</TABLE>


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