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001 A000000 UNITED CONTINENTAL INCOME FUND, INC.
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002 B000000 SHAWNEE MISSION
002 C000000 KS
002 D010000 66201
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011 A000001 WADDELL & REED, INC.
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<PAGE> PAGE 2
011 C040001 4200
012 A000001 WADDELL & REED SERVICES COMPANY
012 B000001 84-1062
012 C010001 OVERLAND PARK
012 C020001 KS
012 C030001 66202
012 C040001 4200
013 A000001 PRICE WATERHOUSE LLP
013 B010001 KANSAS CITY
013 B020001 MO
013 B030001 64105
013 B040001 9860
015 A000001 UMB BANK, N.A.
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64141
015 C040001 6226
015 E010001 X
015 A000002 BHF BANK
015 B000002 S
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015 D010002 GERMANY
015 E040002 X
015 A000003 SKANDINAVISKA ENSKILDA BANKEN
015 B000003 S
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015 D010003 SWEDEN
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015 A000004 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10004
015 E010004 X
015 A000005 BROWN BROTHERS HARRIMAN & CO.
015 B000005 S
015 C010005 BOSTON
015 C020005 MA
015 C030005 02109
015 E010005 X
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015 E040006 X
018 000000 Y
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019 C000000 UNITDGROUP
020 A000001 BRIDGE INFORMATION SYSTEMS, INC.
<PAGE> PAGE 3
020 C000001 23
020 A000002 SALOMON BROTHERS INC.
020 B000002 13-3082694
020 C000002 21
020 A000003 ROBINSON-HUMPHREY COMPANY, INC. (THE)
020 B000003 58-1472560
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020 A000004 MORGAN (J.P.) SECURITIES INC.
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020 C000004 12
020 A000005 UBS SECURITIES LLC
020 B000005 13-3873456
020 C000005 12
020 A000006 HERZOG, HEINE, GEDULD, INC.
020 B000006 13-1955436
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020 A000007 NATWEST SECURITIES CORPORATION
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020 A000008 KEANE SECURITIES CO., INC.
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020 A000009 VANDHAM SECURITIES CORPORATION
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022 C000002 52537
022 D000002 18620
022 A000003 LEHMAN BROTHERS INC.
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022 C000003 32592
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022 A000004 SARA LEE CORP.
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022 A000007 GENERAL MILLS, INC.
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<PAGE> PAGE 4
022 D000007 8532
022 A000008 JOHN DEERE CREDIT
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025 B000001 22-1660266
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<PAGE> PAGE 5
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<PAGE> PAGE 8
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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, 1996 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-31-1997
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 437,855,350
<INVESTMENTS-AT-VALUE> 504,953,914
<RECEIVABLES> 3,981,530
<ASSETS-OTHER> 22,702
<OTHER-ITEMS-ASSETS> 28,842
<TOTAL-ASSETS> 508,986,988
<PAYABLE-FOR-SECURITIES> 579,432
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,703,318
<TOTAL-LIABILITIES> 2,282,750
<SENIOR-EQUITY> 21,044,817
<PAID-IN-CAPITAL-COMMON> 382,712,053
<SHARES-COMMON-STOCK> 21,044,817
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,174,522
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,674,282
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 67,098,564
<NET-ASSETS> 506,704,238
<DIVIDEND-INCOME> 3,252,497
<INTEREST-INCOME> 6,660,758
<OTHER-INCOME> 0
<EXPENSES-NET> (2,385,260)
<NET-INVESTMENT-INCOME> 7,527,995
<REALIZED-GAINS-CURRENT> 12,287,512
<APPREC-INCREASE-CURRENT> (11,219,146)
<NET-CHANGE-FROM-OPS> 8,596,361
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,139,839)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 670,362
<NUMBER-OF-SHARES-REDEEMED> (1,062,741)
<SHARES-REINVESTED> 284,540
<NET-CHANGE-IN-ASSETS> (1,049,301)
<ACCUMULATED-NII-PRIOR> 792,770
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,397,273
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,385,260
<AVERAGE-NET-ASSETS> 501,468,362
<PER-SHARE-NAV-BEGIN> 24
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> (.34)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.08
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
