<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMTION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000778807
<NAME> WADDELL & REED ADVISORS MUNICIPAL HIGH INCOME FUND, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 439,425
<INVESTMENTS-AT-VALUE> 417,980
<RECEIVABLES> 7,772
<ASSETS-OTHER> 11
<OTHER-ITEMS-ASSETS> 321
<TOTAL-ASSETS> 426,084
<PAYABLE-FOR-SECURITIES> (5,141)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,879)
<TOTAL-LIABILITIES> (7,020)
<SENIOR-EQUITY> 85,112
<PAID-IN-CAPITAL-COMMON> 361,009
<SHARES-COMMON-STOCK> 85,112
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,272)
<OVERDISTRIBUTION-GAINS> (340)
<ACCUM-APPREC-OR-DEPREC> (21,445)
<NET-ASSETS> 419,064
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 31,388
<OTHER-INCOME> 0
<EXPENSES-NET> (4,192)
<NET-INVESTMENT-INCOME> 27,196
<REALIZED-GAINS-CURRENT> (5,257)
<APPREC-INCREASE-CURRENT> (20,065)
<NET-CHANGE-FROM-OPS> 1,874
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (27,196)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (336)
<NUMBER-OF-SHARES-SOLD> 7,668
<NUMBER-OF-SHARES-REDEEMED> (25,230)
<SHARES-REINVESTED> 4,368
<NET-CHANGE-IN-ASSETS> (90,803)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,353
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27,196
<AVERAGE-NET-ASSETS> 447,134
<PER-SHARE-NAV-BEGIN> 5.19
<PER-SHARE-NII> .3
<PER-SHARE-GAIN-APPREC> (.27)
<PER-SHARE-DIVIDEND> (.3)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.92
<EXPENSE-RATIO> .94
</TABLE>
