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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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 ANNUAL REPORT TO
SHAREHOLDERS DATED MARCH 31, 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> YEAR
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<INVESTMENTS-AT-VALUE> 504,596,982
<RECEIVABLES> 8,791,677
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<OTHER-ITEMS-ASSETS> 7,568
<TOTAL-ASSETS> 513,414,997
<PAYABLE-FOR-SECURITIES> 4,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,661,458
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</TABLE>
