UNITED MUNICIPAL HIGH INCOME FUND INC
NSAR-B, 1996-11-27
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<PAGE>      PAGE  1
000 B000000 09/30/96
000 C000000 0000778807
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
001 A000000 UNITED MUNICIPAL HIGH INCOME FUND, INC.
001 B000000 811-4427
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
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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 PRICE WATERHOUSE LLP
013 B010001 KANSAS CITY
013 B020001 MO
013 B030001 64105
013 B040001 9860
015 A000001 UMB BANK, N.A.
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
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022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001     35522
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022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002     29268
022 D000002     18871
022 A000003 SMITH BARNEY INC.
022 B000003 13-1912900
022 C000003     31930
<PAGE>      PAGE  3
022 D000003     16052
022 A000004 GENERAL MILLS, INC.
022 C000004     22516
022 D000004     21681
022 A000005 SARA LEE CORP
022 C000005     19909
022 D000005     18640
022 A000006 U.S. BANCORP
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022 A000007 PIPER, JAFFRAY & HOPWOOD INC.
022 B000007 41-0953246
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022 A000008 LEHMAN BROTHERS INC
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022 A000009 CS FIRST BOSTON CORPORATION
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022 C000009      9278
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022 A000010 ZIEGLER SECURITIES
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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080 A000000 ICI MUTUAL INSURANCE COMPANY
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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 SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000778807
<NAME> UNITED MUNICIPAL HIGH INCOME FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                      375,141,448
<INVESTMENTS-AT-VALUE>                     397,142,885
<RECEIVABLES>                                8,960,911
<ASSETS-OTHER>                                  11,213
<OTHER-ITEMS-ASSETS>                           157,206
<TOTAL-ASSETS>                             406,272,215
<PAYABLE-FOR-SECURITIES>                     4,515,690
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,932,832
<TOTAL-LIABILITIES>                          6,448,522
<SENIOR-EQUITY>                             75,252,656
<PAID-IN-CAPITAL-COMMON>                   308,690,937
<SHARES-COMMON-STOCK>                       75,252,656
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (492,515)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    16,372,615
<NET-ASSETS>                               399,823,693
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           28,206,563
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,167,044)
<NET-INVESTMENT-INCOME>                     25,039,519
<REALIZED-GAINS-CURRENT>                     2,528,353
<APPREC-INCREASE-CURRENT>                      772,319
<NET-CHANGE-FROM-OPS>                       28,340,191
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (25,039,519)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,034,526
<NUMBER-OF-SHARES-REDEEMED>                (8,297,041)
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<ACCUMULATED-NII-PRIOR>                              0
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                       390,732,972
<PER-SHARE-NAV-BEGIN>                             5.27
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                             (.34)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.31
<EXPENSE-RATIO>                                   0.81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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