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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 DELOITTE & TOUCHE LLP
013 B010001 KANSAS CITY
013 B020001 MO
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013 B040001 2232
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<PAGE> PAGE 3
020 B000001 22-2347336
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020 A000003 GOLDMAN, SACHS & CO.
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020 A000004 BERG (ALFRED), INC.
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<PAGE> PAGE 4
022 B000007 13-3112953
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<PAGE> PAGE 5
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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, 1997 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-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 475,514,129
<INVESTMENTS-AT-VALUE> 570,349,641
<RECEIVABLES> 4,151,870
<ASSETS-OTHER> 24,697
<OTHER-ITEMS-ASSETS> 3,059
<TOTAL-ASSETS> 574,529,267
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,320,572
<TOTAL-LIABILITIES> 1,320,572
<SENIOR-EQUITY> 22,270,327
<PAID-IN-CAPITAL-COMMON> 408,162,131
<SHARES-COMMON-STOCK> 22,270,327
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,927,732
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 94,835,436
<NET-ASSETS> 573,208,695
<DIVIDEND-INCOME> 3,712,392
<INTEREST-INCOME> 7,481,332
<OTHER-INCOME> 0
<EXPENSES-NET> (2,501,029)
<NET-INVESTMENT-INCOME> 8,692,695
<REALIZED-GAINS-CURRENT> 31,458,576
<APPREC-INCREASE-CURRENT> 35,039,731
<NET-CHANGE-FROM-OPS> 75,191,002
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,567,827)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 640,183
<NUMBER-OF-SHARES-REDEEMED> (1,270,274)
<SHARES-REINVESTED> 290,095
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<GROSS-ADVISORY-FEES> 1,511,997
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<GROSS-EXPENSE> 2,501,029
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<PER-SHARE-NAV-BEGIN> 22.72
<PER-SHARE-NII> 0.39
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<PER-SHARE-DIVIDEND> (0.34)
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<EXPENSE-RATIO> 0.91
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
