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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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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, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000716855
<NAME> UNITED NEW CONCEPTS FUND, INC.
<S> <C>
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<PERIOD-END> SEP-30-1996
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<OTHER-ITEMS-ASSETS> 93,134
<TOTAL-ASSETS> 591,820,979
<PAYABLE-FOR-SECURITIES> 8,227,591
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,277,949
<TOTAL-LIABILITIES> 9,505,540
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</TABLE>
