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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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, 1998 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-30-1998
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 401,198,443
<INVESTMENTS-AT-VALUE> 430,624,355
<RECEIVABLES> 10,274,759
<ASSETS-OTHER> 14,278
<OTHER-ITEMS-ASSETS> 1,009,532
<TOTAL-ASSETS> 441,922,924
<PAYABLE-FOR-SECURITIES> (7,052,500)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (2,371,152)
<TOTAL-LIABILITIES> (9,423,652)
<SENIOR-EQUITY> 95,628,700
<PAID-IN-CAPITAL-COMMON> 345,113,198
<SHARES-COMMON-STOCK> 95,628,700
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (37,668,538)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 432,499,272
<DIVIDEND-INCOME> 562,431
<INTEREST-INCOME> 18,680,080
<OTHER-INCOME> 0
<EXPENSES-NET> (1,955,494)
<NET-INVESTMENT-INCOME> 17,287,017
<REALIZED-GAINS-CURRENT> 3,631,501
<APPREC-INCREASE-CURRENT> 5,620,950
<NET-CHANGE-FROM-OPS> 26,539,468
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17,287,017)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,080,190
<NUMBER-OF-SHARES-REDEEMED> (6,287,611)
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<PER-SHARE-NAV-BEGIN> 4.42
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</TABLE>
