UNITED FUNDS INC
NSAR-B, 1999-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/98
000 C000000 0000217420
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 UNITED FUNDS, INC.
001 B000000 811-2552
001 C000000 9132362000
002 A000000 6300 LAMAR AVENUE P.O. BOX 29217
002 B000000 SHAWNEE MISSION
002 C000000 KS
002 D010000 66201
002 D020000 9217
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 UNITED INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 UNITED ACCUMULATIVE FUND
007 C030200 N
007 C010300  3
007 C020300 UNITED SCIENCE AND TECHNOLOGY FUND
007 C030300 N
007 C010400  4
007 C020400 UNITED BOND FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 WADDELL & REED INVESTMENT MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-40372
008 D01AA01 OVERLAND PARK
008 D02AA01 KS
008 D03AA01 66202
008 D04AA01 4200
010 A00AA01 WADDELL & REED SERVICES COMPANY
010 B00AA01 84-1062
010 C01AA01 OVERLAND PARK
<PAGE>      PAGE  2
010 C02AA01 KS
010 C03AA01 66202
010 C04AA01 4200
011 A00AA01 WADDELL & REED, INC.
011 B00AA01 8-15372
011 C01AA01 OVERLAND PARK
011 C02AA01 KS
011 C03AA01 66202
011 C04AA01 4200
012 A00AA01 WADDELL & REED SERVICES COMPANY
012 B00AA01 84-1062
012 C01AA01 OVERLAND PARK
012 C02AA01 KS
012 C03AA01 66202
012 C04AA01 4200
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64106
013 B04AA01 2232
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   36
019 C00AA00 UNITDGROUP
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001   1161
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002   1113
020 A000003 BEAR, STEARNS & CO., INC.
020 B000003 13-3299429
020 C000003   1100
020 A000004 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
020 B000004 13-2741729
020 C000004    985
020 A000005 MORGAN STANLEY & CO. INCORPORATED
020 B000005 13-2655998
020 C000005    957
020 A000006 PAINEWEBBER INCORPORATED
020 B000006 13-2638166
020 C000006    783
020 A000007 SALOMON SMITH BARNEY INC.
020 B000007 13-1912900
020 C000007    774
020 A000008 LEHMAN BROTHERS INC.
020 B000008 13-2518466
020 C000008    563
020 A000009 MORGAN (J.P.) SECURITIES INC.
020 B000009 13-3224016
020 C000009    549
<PAGE>      PAGE  3
020 A000010 PRUDENTIAL SECURITIES INC.
020 B000010 22-2347336
020 C000010    524
021  000000    16749
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   6213839
022 D000001   1279675
022 A000002 MORGAN (J.P.) SECURITIES INC.
022 B000002 13-3224016
022 C000002   3864161
022 D000002    378466
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003   3342897
022 D000003    645631
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004   2350151
022 D000004    522466
022 A000005 MORGAN STANLEY & CO. INCORPORATED
022 B000005 13-2655998
022 C000005   1135722
022 D000005    434416
022 A000006 CHASE SECURITIES INC.
022 B000006 13-3112953
022 C000006   1265815
022 D000006    211915
022 A000007 CREDIT SUISSE FIRST BOSTON CORPORATION (THE)
022 B000007 13-5659485
022 C000007   1183759
022 D000007    193437
022 A000008 SALOMON SMITH BARNEY INC.
022 B000008 13-1912900
022 C000008    677497
022 D000008    274968
022 A000009 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000009 36-3595942
022 C000009    748997
022 D000009    120764
022 A000010 GENERAL MILLS, INC.
022 C000010    384693
022 D000010    380935
023 C000000   25730996
023 D000000    5929018
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
<PAGE>      PAGE  4
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
034  00AA00 N
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036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
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045  00AA00 Y
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048 K02AA00 0.000
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050  00AA00 N
051  00AA00 N
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053 A00AA00 N
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054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
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054 G00AA00 Y
054 H00AA00 Y
<PAGE>      PAGE  5
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
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077 A000000 Y
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078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00    20400
081 A00AA00 Y
081 B00AA00  35
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
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085 A00AA00 Y
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<PAGE>      PAGE  6
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
015 A000101 UMB BANK, N.A.
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64141
015 C040101 6226
015 E010101 X
015 A000102 BROWN BROTHERS HARRIMAN & CO.
015 B000102 S
015 C010102 BOSTON
015 C020102 MA
015 C030102 02109
015 E040102 X
015 A000103 DELETE
015 A000104 DELETE
015 A000107 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000107 S
015 C010107 NEW YORK
015 C020107 NY
015 C030107 10004
015 E010107 X
015 A000108 DELETE
015 A000109 DELETE
015 A000110 DELETE
024  000100 N
025 A000101 DELETE
025 D000101       0
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025 A000103 DELETE
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<PAGE>      PAGE  7
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029  000100 Y
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030 B000100  5.75
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<PAGE>      PAGE  8
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063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 Y
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
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070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
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070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
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070 N020100 N
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070 O020100 N
<PAGE>      PAGE  9
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  10
074 E000100        0
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076  000100     0.00
015 A000201 UMB BANK, N.A.
015 B000201 C
015 C010201 KANSAS CITY
015 C020201 MO
015 C030201 64141
015 C040201 6226
015 E010201 X
015 A000202 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000202 S
015 C010202 NEW YORK
015 C020202 NY
015 C030202 10004
015 E010202 X
015 A000203 DELETE
015 A000204 DELETE
015 A000205 DELETE
015 A000207 BROWN BROTHERS HARRIMAN
015 B000207 S
015 C010207 BOSTON
015 C020207 MA
015 C030207 02109
015 E040207 X
<PAGE>      PAGE  11
015 A000208 DELETE
015 A000209 DELETE
024  000200 N
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025 A000203 DELETE
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030 A000200   4324
030 B000200  5.75
030 C000200  0.00
031 A000200   1825
031 B000200      0
032  000200      0
033  000200   2499
<PAGE>      PAGE  12
042 A000200   0
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043  000200   3828
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055 A000200 N
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066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
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<PAGE>      PAGE  13
070 D010200 Y
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070 F010200 Y
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070 G010200 Y
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070 J010200 Y
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
075 B000200  1747272
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015 A000301 UMB BANK, N.A.
015 B000301 C
015 C010301 KANSAS CITY
015 C020301 MO
015 C030301 64141
015 C040301 6226
015 E010301 X
015 A000303 DELETE
015 A000304 DELETE
015 A000305 DELETE
015 A000307 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000307 S
015 C010307 NEW YORK
015 C020307 NY
015 C030307 10004
015 E010307 X
015 A000308 BROWN BROTHERS HARRIMAN & CO.
015 B000308 S
015 C010308 BOSTON
015 C020308 MA
015 C030308 02109
015 E040308 X
024  000300 N
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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015 A000401 UMB BANK, N.A.
015 B000401 C
015 C010401 KANSAS CITY
015 C020401 MO
015 C030401 64141
015 C040401 6226
015 E010401 X
015 A000402 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000402 S
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015 C020402 NY
015 C030402 10004
015 E010402 X
024  000400 Y
025 A000401 SALOMON INC.
025 B000401 22-1660266
025 C000401 D
025 D000401    4998
025 A000402 DELETE
025 D000402       0
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025 D000408       0
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<PAGE>      PAGE  20
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042 D000400   0
042 E000400   0
042 F000400   0
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055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
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<PAGE>      PAGE  21
062 D000400   0.0
062 E000400   0.0
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062 Q000400   7.2
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064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
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070 L010400 Y
070 L020400 Y
070 M010400 Y
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070 N010400 Y
<PAGE>      PAGE  22
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070 O010400 N
070 O020400 N
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070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE>      PAGE  23
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074 M000400       16
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074 P000400      219
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074 R010400        0
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074 U020400      988
074 V010400     6.39
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074 W000400   0.0000
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075 A000400        0
075 B000400   539781
076  000400     0.00
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 DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000217420
<NAME> UNITED FUNDS, INC.
<SERIES>
   <NUMBER> 4
   <NAME> UNITED BOND FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
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<DIVIDEND-INCOME>                                    0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000217420
<NAME> UNITED FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> UNITED INCOME FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000217420
<NAME> UNITED FUNDS, INC.
<SERIES>
   <NUMBER> 2
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<TOTAL-ASSETS>                               1,881,366
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<ACCUM-APPREC-OR-DEPREC>                       193,299
<NET-ASSETS>                                 1,868,037
<DIVIDEND-INCOME>                               19,049
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<OTHER-INCOME>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                   (23,830)
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<PER-SHARE-DIVIDEND>                             (.11)
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<PER-SHARE-NAV-END>                               8.28
<EXPENSE-RATIO>                                    .88
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000217420
<NAME> UNITED FUNDS, INC.
<SERIES>
   <NUMBER> 3
   <NAME> UNITED SCIENCE AND TECHNOLOGY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                          873,714
<INVESTMENTS-AT-VALUE>                       1,670,777
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<OVERDISTRIBUTION-NII>                               0
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</TABLE>


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