SUPPLEMENT TO THE PROSPECTUS
The following information supplements and supersedes any contrary information
contained in the Prospectus:
At a special meeting of shareholders scheduled for June 22, 1999, shareholders
of the Fund will be asked to approve a proposal to change the investment
management fee for the Fund, which is currently calculated by adding a group fee
to a specific fee, to a new specific fee at the annual rate of 0.625% of net
assets up to $500 million, 0.60% of net assets over $500 million and up to $1
billion, 0.55% of net assets over $1 billion and up to $1.5 billion, and 0.50%
of net assets over $1.5 billion.
To be attached to the cover page of the Class A and Class Y Prospectus of:
United High Income Fund, Inc. dated June 30, 1998
United High Income Fund II, Inc. dated January 31, 1999
This Supplement is dated March 4, 1999.
NUS 2100E
