<PAGE> PAGE 1
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000 C000000 0000793300
000 D000000 N
000 E000000 NF
000 F000000 Y
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001 A000000 UNITED HIGH INCOME FUND II, INC.
001 B000000 811-4520
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 D040001 4200
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011 A000001 WADDELL & REED, INC.
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<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
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015 C020001 MO
015 C030001 64141
015 C040001 6226
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015 B000002 S
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015 C020002 NY
015 C030002 10004
015 E010002 X
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020 A000001 BEAR, STEARNS & CO., INC.
020 B000001 13-3299429
020 C000001 7
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000002 13-5674085
020 C000002 3
020 A000003 TORONTO DOMINION BANK
020 C000003 3
020 A000004 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
020 B000004 13-2741729
020 C000004 3
020 A000005 MORGAN (J.P.) SECURITIES INC.
020 B000005 13-3224016
020 C000005 2
020 A000006 MONTGOMERY SECURITIES
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<PAGE> PAGE 3
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001 77658
022 D000001 18812
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002 69417
022 D000002 26205
022 A000003 SARA LEE CORPORATION
022 C000003 36458
022 D000003 36516
022 A000004 GENERAL MILLS, INC.
022 C000004 34275
022 D000004 35375
022 A000005 CHASE SECURITIES INC.
022 B000005 13-3112953
022 C000005 44927
022 D000005 20871
022 A000006 LEHMAN BROTHERS INC.
022 B000006 13-2518466
022 C000006 43568
022 D000006 8177
022 A000007 U.S. BANCORP
022 C000007 21772
022 D000007 21772
022 A000008 SMITH BARNEY INC.
022 B000008 13-1912900
022 C000008 30096
022 D000008 12127
022 A000009 CITICORP SECURITIES, INC.
022 C000009 37141
022 D000009 1011
022 A000010 NATIONSBANC CAPITAL MARKET INC.
022 B000010 56-1684171
022 C000010 21444
022 D000010 15629
023 C000000 590386
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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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, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000793300
<NAME> UNITED HIGH INCOME FUND II, INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 386,744,355
<INVESTMENTS-AT-VALUE> 410,549,317
<RECEIVABLES> 8,026,139
<ASSETS-OTHER> 17,140
<OTHER-ITEMS-ASSETS> 2,427
<TOTAL-ASSETS> 418,595,023
<PAYABLE-FOR-SECURITIES> 8,573,158
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,464,436
<TOTAL-LIABILITIES> 10,037,594
<SENIOR-EQUITY> 92,331,846
<PAID-IN-CAPITAL-COMMON> 333,720,660
<SHARES-COMMON-STOCK> 92,331,846
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (41,300,039)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,804,962
<NET-ASSETS> 408,557,429
<DIVIDEND-INCOME> 707,766
<INTEREST-INCOME> 35,453,898
<OTHER-INCOME> 0
<EXPENSES-NET> (3,535,877)
<NET-INVESTMENT-INCOME> 32,625,787
<REALIZED-GAINS-CURRENT> 8,525,099
<APPREC-INCREASE-CURRENT> 17,456,412
<NET-CHANGE-FROM-OPS> 58,607,298
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (32,625,787)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,696,417
<NUMBER-OF-SHARES-REDEEMED> (12,608,372)
<SHARES-REINVESTED> 6,898,876
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<AVERAGE-NET-ASSETS> 380,738,539
<PER-SHARE-NAV-BEGIN> 4.14
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.28
<PER-SHARE-DIVIDEND> (0.36)
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 4.42
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
