UNITED HIGH INCOME FUND INC
NSAR-A, 1998-11-24
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<PAGE>      PAGE  1
000 A000000 09/30/98
000 C000000 0000310254
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 UNITED HIGH INCOME FUND, INC.
001 B000000 811-2907
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
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007 C011000 10
008 A000001 WADDELL & REED INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-40372
008 D010001 OVERLAND PARK
008 D020001 KS
008 D030001 66202
008 D040001 4200
010 A000001 WADDELL & REED SERVICES COMPANY
010 B000001 84-1062
010 C010001 OVERLAND PARK
010 C020001 KS
010 C030001 66202
010 C040001 4200
011 A000001 WADDELL & REED, INC.
011 B000001 8-15372
011 C010001 OVERLAND PARK
011 C020001 KS
011 C030001 66202
<PAGE>      PAGE  2
011 C040001 4200
012 A000001 WADDELL & REED SERVICES COMPANY
012 B000001 84-1062
012 C010001 OVERLAND PARK
012 C020001 KS
012 C030001 66202
012 C040001 4200
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 KANSAS CITY
013 B020001 MO
013 B030001 64106
013 B040001 2232
015 A000001 UMB BANK, N.A.
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64141
015 C040001 6226
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015 A000002 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000002 S
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015 C020002 NY
015 C030002 10004
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018  000000 Y
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020 A000001 BAUM (GEORGE K.) & COMPANY
020 B000001 44-0522232
020 C000001      6
020 A000002 WORLDCO, L.L.C.
020 B000002 13-3814016
020 C000002      5
020 A000003 MORGAN STANLEY & CO. INCORPORATED
020 B000003 13-2655998
020 C000003      4
020 A000004 INSTINET CORPORATION
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022 A000001 CITICORP SECURITIES, INC.
022 C000001    258968
022 D000001      4499
<PAGE>      PAGE  3
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002    160171
022 D000002     12079
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003    102579
022 D000003     38380
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004     84569
022 D000004      9770
022 A000005 MORGAN (J.P.) SECURITIES INC.
022 B000005 13-3224016
022 C000005     56091
022 D000005     34051
022 A000006 CHASE SECURITIES INC.
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022 C000006     75004
022 D000006     13716
022 A000007 DANAHER CORPORATION
022 C000007     32801
022 D000007     32119
022 A000008 RAYMOND JAMES & ASSOCIATES, INC.
022 B000008 59-1237041
022 C000008     26894
022 D000008     27400
022 A000009 CREDIT SUISSE FIRST BOSTON CORPORATION (THE)
022 B000009 13-5659485
022 C000009     43091
022 D000009      2665
022 A000010 MORGAN STANLEY & CO. INCORPORATED
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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 SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000310254
<NAME> UNITED HIGH INCOME FUND, INC.
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                        1,012,186
<INVESTMENTS-AT-VALUE>                         991,154
<RECEIVABLES>                                   21,881
<ASSETS-OTHER>                                      61
<OTHER-ITEMS-ASSETS>                                 4
<TOTAL-ASSETS>                               1,013,100
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        3,905
<TOTAL-LIABILITIES>                              3,905
<SENIOR-EQUITY>                                108,591
<PAID-IN-CAPITAL-COMMON>                     1,234,353
<SHARES-COMMON-STOCK>                          108,591
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        2,211
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (314,928)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (21,032)
<NET-ASSETS>                                 1,009,195
<DIVIDEND-INCOME>                                1,472
<INTEREST-INCOME>                               47,675
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (5,099)
<NET-INVESTMENT-INCOME>                         44,048
<REALIZED-GAINS-CURRENT>                        15,557
<APPREC-INCREASE-CURRENT>                     (97,810)
<NET-CHANGE-FROM-OPS>                         (38,205)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (43,275)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,665
<NUMBER-OF-SHARES-REDEEMED>                    (9,867)
<SHARES-REINVESTED>                              3,744
<NET-CHANGE-IN-ASSETS>                        (95,895)
<ACCUMULATED-NII-PRIOR>                          1,438
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  5,099
<AVERAGE-NET-ASSETS>                         1,080,516
<PER-SHARE-NAV-BEGIN>                            10.04
<PER-SHARE-NII>                                     .4
<PER-SHARE-GAIN-APPREC>                          (.75)
<PER-SHARE-DIVIDEND>                             (.35)
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<PER-SHARE-NAV-END>                               9.29
<EXPENSE-RATIO>                                    .94
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</TABLE>


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