May 22, 1995
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N. W.
Judiciary Plaza
Washington, D. C. 20549
RE: Rule 24f-2 Notice for United High Income Fund, Inc.
File No. 2-63643 and 811-2907/CIK#310254
Dear Sir or Madam:
1. This Notice is being filed for the fiscal year ended March 31, 1995;
2. At the beginning of such fiscal year the issuer had no securities registered
under the Securities Act of 1933, other than pursuant to this section;
3. During such fiscal year the issuer registered no securities other than
pursuant to this section;
4. The issuer sold 7,942,722 shares during such fiscal year, and*
5. The 7,942,722 shares sold during such fiscal year were sold in reliance upon
the registration pursuant to this section.
This Notice is accompanied by an opinion of counsel as prescribed by paragraph
(b)(1)(v) of Rule 24f-2. An additional filing fee prescribed by paragraph (c)
of said Rule is not enclosed since during such fiscal year net redemptions
exceeded sales.
Very truly yours,
Sharon K. Pappas
Vice President and Secretary
*During such fiscal year the issuer sold 7,942,722 shares in reliance upon
registration pursuant to Rule 24f-2 at an aggregate sale price of $69,649,781
and redeemed 17,970,581 shares at an aggregate redemption price of
$157,604,402. None of such redeemed shares were previously applied by the
issuer pursuant to Section 24e-2(a) in filings made pursuant to Section
24(e)(1) of the Investment Company Act of 1940. Since the shares redeemed
during the issuer's fiscal year ended March 31, 1995 exceeded the shares sold,
a filing fee as prescribed in Section 6(b) of the Securities Act of 1933 is not
required.
May 22, 1995
United High Income Fund, Inc.
6300 Lamar
P. O. Box 29217
Shawnee Mission, Kansas 66201-9217
Dear Sir or Madam:
In connection with the public offering of shares of Capital Stock, par value
$1.00 per share, of United High Income Fund, Inc. (the "Fund"), I have examined
such corporate records and documents and have made such further investigation
and examination as I deemed necessary for the purpose of this opinion.
It is my opinion that the 7,942,722 shares of Capital Stock of the Fund,
registration of which the notice makes definite in number, were legally issued,
fully paid and nonassessable.
I hereby consent to the filing of this opinion with the Rule 24f-2 Notice.
Very truly yours,
Sharon K. Pappas
Attorney at Law
SKP:gs
