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<PAGE> PAGE 2
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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 MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000203493
<NAME> UNITED MUNICIPAL BOND FUND, INC.
<S> <C>
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<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
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<OTHER-ITEMS-ASSETS> 8,584
<TOTAL-ASSETS> 1,000,178,508
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,279,024
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<SENIOR-EQUITY> 133,192,136
<PAID-IN-CAPITAL-COMMON> 790,943,894
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<EXPENSES-NET> (3,450,612)
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<APPREC-INCREASE-CURRENT> (8,685,308)
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</TABLE>
