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<PAGE> PAGE 2
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020 C000002 2
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020 B000003 94-1701676
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<PAGE> PAGE 3
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
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022 A000002 SARA LEE CORP.
022 C000002 18932
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022 A000005 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
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022 C000005 11957
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022 A000006 GENERAL MILLS, INC.
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022 C000008 19580
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022 A000009 NATIONSBANC CAPITAL MARKET, INC.
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022 C000009 9277
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022 A000010 CITICORP SECURITIES, INC.
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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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 MARCH 31, 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> 6-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 365,530,903
<INVESTMENTS-AT-VALUE> 369,049,940
<RECEIVABLES> 7,742,946
<ASSETS-OTHER> 12,827
<OTHER-ITEMS-ASSETS> 69,061
<TOTAL-ASSETS> 376,874,774
<PAYABLE-FOR-SECURITIES> 998,090
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,501,433
<TOTAL-LIABILITIES> 3,499,523
<SENIOR-EQUITY> 90,163,155
<PAID-IN-CAPITAL-COMMON> 326,466,069
<SHARES-COMMON-STOCK> 90,163,155
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (46,773,010)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,519,037
<NET-ASSETS> 373,375,251
<DIVIDEND-INCOME> 258,855
<INTEREST-INCOME> 17,503,506
<OTHER-INCOME> 0
<EXPENSES-NET> (1,763,004)
<NET-INVESTMENT-INCOME> 15,999,357
<REALIZED-GAINS-CURRENT> 3,052,128
<APPREC-INCREASE-CURRENT> (2,829,513)
<NET-CHANGE-FROM-OPS> 16,221,972
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (15,999,357)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,806,533
<NUMBER-OF-SHARES-REDEEMED> (6,402,759)
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<PER-SHARE-NAV-BEGIN> 4.14
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<EXPENSE-RATIO> 0.94
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
