UNITED NEW CONCEPTS FUND INC
NSAR-B, 1996-05-29
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<PAGE>      PAGE  1
000 B000000 03/31/96
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001 A000000 UNITED NEW CONCEPTS FUND, INC.
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<PAGE>      PAGE  2
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020 A000003 MONTGOMERY SECURITIES
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020 A000008 EDWARDS (A.G.) & SONS, INC.
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020 B000008 43-0895447
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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 MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000716855
<NAME> UNITED NEW CONCEPTS FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      326,895,125
<INVESTMENTS-AT-VALUE>                     499,346,068
<RECEIVABLES>                                1,414,603
<ASSETS-OTHER>                                   7,612
<OTHER-ITEMS-ASSETS>                             3,043
<TOTAL-ASSETS>                             500,771,326
<PAYABLE-FOR-SECURITIES>                       644,550
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,267,530
<TOTAL-LIABILITIES>                          1,912,080
<SENIOR-EQUITY>                             32,258,561
<PAID-IN-CAPITAL-COMMON>                   277,073,794
<SHARES-COMMON-STOCK>                       32,258,561
<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (914,823)
<DISTRIBUTIONS-OF-GAINS>                  (12,231,276)
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</TABLE>


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