UNITED CONTINENTAL INCOME FUND INC
NSAR-B, 1999-05-25
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<PAGE>      PAGE  1
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001 A000000 UNITED CONTINENTAL INCOME FUND, INC.
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SIGNATURE   THEODORE W. HOWARD
TITLE       V.P. & TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000101124
<NAME> UNITED CONTINENTAL INCOME FUND, INC.
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                          488,955
<INVESTMENTS-AT-VALUE>                         576,322
<RECEIVABLES>                                    8,048
<ASSETS-OTHER>                                      20
<OTHER-ITEMS-ASSETS>                                 4
<TOTAL-ASSETS>                                 584,394
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,993
<TOTAL-LIABILITIES>                              1,993
<SENIOR-EQUITY>                                 73,053
<PAID-IN-CAPITAL-COMMON>                       403,896
<SHARES-COMMON-STOCK>                           73,053
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          653
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         17,432
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        87,367
<NET-ASSETS>                                   582,401
<DIVIDEND-INCOME>                                5,772
<INTEREST-INCOME>                               15,936
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (5,805)
<NET-INVESTMENT-INCOME>                         15,903
<REALIZED-GAINS-CURRENT>                        36,348
<APPREC-INCREASE-CURRENT>                     (32,734)
<NET-CHANGE-FROM-OPS>                           19,517
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (15,742)
<DISTRIBUTIONS-OF-GAINS>                      (28,731)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          6,139
<NUMBER-OF-SHARES-REDEEMED>                   (11,816)
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<NET-CHANGE-IN-ASSETS>                        (27,919)
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<PER-SHARE-NII>                                    .33
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<PER-SHARE-DIVIDEND>                             (.32)
<PER-SHARE-DISTRIBUTIONS>                        (.40)
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<EXPENSE-RATIO>                                   0.99
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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