<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000764842
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 GOLD & GOVERNMENT FUND, INC.
001 B000000 811-4261
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
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
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
015 E010001 X
015 A000002 NATIONAL AUSTRALIA BANK
015 B000002 S
015 C010002 MELBOURNE
015 D010002 AUSTRALIA
015 E040002 X
015 A000003 CIBC
015 B000003 S
015 C010003 TORONTO
015 D010003 CANADA
015 E040003 X
015 A000004 REPUBLIC NATIONAL BANK OF NEW YORK
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10018
015 E010004 X
015 A000005 WILMINGTON TRUST
015 B000005 S
015 C010005 WILMINGTON
015 C020005 DE
015 C030005 19899
015 E010005 X
015 A000006 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10004
015 E010006 X
015 A000007 BROWN BROTHERS HARRIMAN & CO.
015 B000007 S
015 C010007 BOSTON
015 C020007 MA
<PAGE> PAGE 3
015 C030007 02109
015 E010007 X
018 000000 Y
019 A000000 Y
019 B000000 36
019 C000000 UNITDGROUP
020 A000001 BRIDGE INFORMATION SYSTEMS, INC.
020 C000001 24
020 A000002 MIDLAND WALWYN CAPITAL INC.
020 C000002 17
020 A000003 GERARD KLAUER MATTISON & CO., INC.
020 C000003 6
020 A000004 ROBINSON-HUMPHREY COMPANY, INC. (THE)
020 B000004 58-1472560
020 C000004 5
020 A000005 BLAIR (WILLIAM) & COMPANY, L.L.C.
020 B000005 36-2214610
020 C000005 4
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000006 13-5674085
020 C000006 3
020 A000007 INSTINET CORPORATION
020 B000007 13-3443395
020 C000007 2
020 A000008 HSBC JAMES CAPEL
020 B000008 13-2650272
020 C000008 2
020 A000009 NESBITT BURNS INC.
020 C000009 2
020 A000010 WEEDEN & CO. L.P.
020 B000010 13-3364318
020 C000010 2
021 000000 69
022 A000001 MORGAN (J.P.) SECURITIES INC.
022 B000001 13-3224016
022 C000001 284463
022 D000001 0
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002 7172
022 D000002 6796
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 0
022 D000003 6267
022 A000004 MORGAN STANLEY & CO. INCORPORATED
022 B000004 13-2655998
022 C000004 1295
022 D000004 2177
022 A000005 LEHMAN BROTHERS INC.
022 B000005 13-2518466
<PAGE> PAGE 4
022 C000005 1195
022 D000005 0
022 A000006 SCOTIA CAPITAL MARKETS (USA) INC.
022 C000006 0
022 D000006 338
022 A000007 SALOMON SMITH BARNEY
022 B000007 13-1912900
022 C000007 0
022 D000007 254
022 A000008 MIDLAND WALWYN CAPITAL INC.
022 C000008 175
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 294300
023 D000000 15832
024 000000 Y
025 A000001 MORGAN (J.P.) SECURITIES
025 B000001 13-3224016
025 C000001 D
025 D000001 1680
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 116
028 A020000 0
028 A030000 0
028 A040000 495
028 B010000 52
028 B020000 0
028 B030000 0
028 B040000 415
028 C010000 145
028 C020000 0
028 C030000 0
<PAGE> PAGE 5
028 C040000 787
028 D010000 4466
028 D020000 0
028 D030000 0
028 D040000 4699
028 E010000 48
028 E020000 0
028 E030000 0
028 E040000 268
028 F010000 128
028 F020000 0
028 F030000 0
028 F040000 448
028 G010000 4955
028 G020000 0
028 G030000 0
028 G040000 7112
028 H000000 262
029 000000 Y
030 A000000 14
030 B000000 5.75
030 C000000 0.00
031 A000000 6
031 B000000 0
032 000000 0
033 000000 8
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 28
044 000000 0
045 000000 Y
046 000000 N
047 000000 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
<PAGE> PAGE 6
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 Y
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 50
062 A000000 N
062 B000000 0.0
062 C000000 0.0
<PAGE> PAGE 7
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
<PAGE> PAGE 8
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 15357
071 B000000 19158
071 C000000 12589
071 D000000 122
072 A000000 6
072 B000000 125
072 C000000 54
072 D000000 0
072 E000000 0
072 F000000 57
072 G000000 5
072 H000000 0
072 I000000 60
072 J000000 7
072 K000000 0
072 L000000 0
072 M000000 3
072 N000000 16
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 7
072 S000000 2
072 T000000 28
072 U000000 0
072 V000000 0
072 W000000 24
072 X000000 209
072 Y000000 0
072 Z000000 -30
072AA000000 1066
072BB000000 701
072CC010000 0
072CC020000 1532
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
<PAGE> PAGE 9
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 1680
074 C000000 1994
074 D000000 4295
074 E000000 1338
074 F000000 4933
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 5
074 L000000 93
074 M000000 10
074 N000000 14349
074 O000000 0
074 P000000 17
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 63
074 S000000 0
074 T000000 14269
074 U010000 2224
074 U020000 16
074 V010000 6.37
074 V020000 6.38
074 W000000 0.0000
074 X000000 6506
074 Y000000 0
075 A000000 0
075 B000000 16484
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
<PAGE> PAGE 10
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
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 JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000764842
<NAME> UNITED GOLD & GOVERNMENT FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 14,951,848
<INVESTMENTS-AT-VALUE> 14,240,248
<RECEIVABLES> 98,000
<ASSETS-OTHER> 10,000
<OTHER-ITEMS-ASSETS> 1,000
<TOTAL-ASSETS> 14,349,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 80,000
<TOTAL-LIABILITIES> 80,000
<SENIOR-EQUITY> 2,240,000
<PAID-IN-CAPITAL-COMMON> 29,563,000
<SHARES-COMMON-STOCK> 2,240,000
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (20,000)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (16,802,000)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (712,000)
<NET-ASSETS> 14,269,000
<DIVIDEND-INCOME> 54,000
<INTEREST-INCOME> 125,000
<OTHER-INCOME> 0
<EXPENSES-NET> (209,000)
<NET-INVESTMENT-INCOME> (30,000)
<REALIZED-GAINS-CURRENT> 365,000
<APPREC-INCREASE-CURRENT> (1,532,000)
<NET-CHANGE-FROM-OPS> (1,197,000)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 661,632
<NUMBER-OF-SHARES-REDEEMED> (988,508)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,356,000)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 57,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 209,000
<AVERAGE-NET-ASSETS> 16,484,464
<PER-SHARE-NAV-BEGIN> 6.87
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.49)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.37
<EXPENSE-RATIO> 2.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
