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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 6
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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 SEPTEMBER 30, 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
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<SENIOR-LONG-TERM-DEBT> 0
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<SENIOR-EQUITY> 136,116,397
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