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<PAGE> PAGE 11
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<PAGE> PAGE 13
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<PAGE> PAGE 18
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
062 I000400 0.0
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066 A000400 Y
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066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
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070 M010400 Y
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070 N020400 N
<PAGE> PAGE 23
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 24
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015 A000501 UMB BANK, N.A.
015 B000501 C
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015 C030501 64141
015 C040501 6226
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015 A000503 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000503 S
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015 C030503 10004
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015 B000505 S
015 C010505 BOSTON
015 C020505 MA
015 C030505 02109
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<PAGE> PAGE 25
024 000500 N
025 A000501 DELETE
025 D000501 0
025 A000502 DELETE
025 D000502 0
025 A000503 DELETE
025 D000503 0
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<PAGE> PAGE 26
045 000500 Y
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<PAGE> PAGE 27
066 F000500 Y
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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015 A000601 UMB BANK, N.A.
015 B000601 C
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015 A000604 DELETE
015 A000605 DELETE
015 A000607 DELETE
015 A000608 DELETE
015 A000609 DELETE
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015 A000611 BROWN BROTHERS HARRIMAN & CO.
015 B000611 S
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<PAGE> PAGE 30
015 A000623 DELETE
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024 000600 N
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<PAGE> PAGE 31
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<PAGE> PAGE 32
066 E000600 N
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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015 A000701 UMB BANK, N.A.
015 B000701 C
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015 C040701 6226
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015 A000702 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000702 S
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015 C030702 10004
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015 A000703 DELETE
015 A000704 DELETE
024 000700 N
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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015 A000801 UMB BANK, N.A.
015 B000801 C
015 C010801 KANSAS CITY
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015 C030801 64141
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015 A000802 UNITED MISSOURI TRUST COMPANY OF NEW YORK
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<PAGE> PAGE 39
015 C020802 NY
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015 A000803 DELETE
015 A000804 BROWN BROTHERS HARRIMAN & CO.
015 B000804 S
015 C010804 BOSTON
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015 C030804 02109
015 E040804 X
015 A000805 DELETE
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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SIGNATURE THEODORE W. HOWARD
TITLE V.P. & TREASURER
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<NET-CHANGE-IN-ASSETS> 174,430
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,016
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,812
<AVERAGE-NET-ASSETS> 725,962
<PER-SHARE-NAV-BEGIN> 11.96
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> 2.35
<PER-SHARE-DIVIDEND> (.17)
<PER-SHARE-DISTRIBUTIONS> (1.98)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.34
<EXPENSE-RATIO> .8
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 11
<NAME> SCIENCE AND TECHNOLOGY PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 26,379
<INVESTMENTS-AT-VALUE> 34,568
<RECEIVABLES> 169
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<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 34,739
<PAYABLE-FOR-SECURITIES> 131
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13
<TOTAL-LIABILITIES> 144
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<PAID-IN-CAPITAL-COMMON> 26,364
<SHARES-COMMON-STOCK> 4,181
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,189
<NET-ASSETS> 34,595
<DIVIDEND-INCOME> 7
<INTEREST-INCOME> 174
<OTHER-INCOME> 0
<EXPENSES-NET> (168)
<NET-INVESTMENT-INCOME> 13
<REALIZED-GAINS-CURRENT> 624
<APPREC-INCREASE-CURRENT> 7,947
<NET-CHANGE-FROM-OPS> 8,584
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13)
<DISTRIBUTIONS-OF-GAINS> (624)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,835
<NUMBER-OF-SHARES-REDEEMED> (499)
<SHARES-REINVESTED> 77
<NET-CHANGE-IN-ASSETS> 24,388
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 168
<AVERAGE-NET-ASSETS> 18,300
<PER-SHARE-NAV-BEGIN> 5.77
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 2.66
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.28
<EXPENSE-RATIO> .92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 6
<NAME> INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 132,878
<INVESTMENTS-AT-VALUE> 171,830
<RECEIVABLES> 493
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 172,325
<PAYABLE-FOR-SECURITIES> 3,248
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 116
<TOTAL-LIABILITIES> 3,364
<SENIOR-EQUITY> 216
<PAID-IN-CAPITAL-COMMON> 129,805
<SHARES-COMMON-STOCK> 21,613
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,940
<NET-ASSETS> 168,961
<DIVIDEND-INCOME> 1,376
<INTEREST-INCOME> 951
<OTHER-INCOME> 0
<EXPENSES-NET> (1,513)
<NET-INVESTMENT-INCOME> 814
<REALIZED-GAINS-CURRENT> 13,612
<APPREC-INCREASE-CURRENT> 25,132
<NET-CHANGE-FROM-OPS> 39,558
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (698)
<DISTRIBUTIONS-OF-GAINS> (13,728)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,799
<NUMBER-OF-SHARES-REDEEMED> (1,987)
<SHARES-REINVESTED> 1,845
<NET-CHANGE-IN-ASSETS> 54,330
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,169
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,513
<AVERAGE-NET-ASSETS> 147,784
<PER-SHARE-NAV-BEGIN> 6.38
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> (.69)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.82
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 7
<NAME> SMALL CAP PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 181,138
<INVESTMENTS-AT-VALUE> 184,788
<RECEIVABLES> 209
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 184,999
<PAYABLE-FOR-SECURITIES> 4,367
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63
<TOTAL-LIABILITIES> 4,430
<SENIOR-EQUITY> 229
<PAID-IN-CAPITAL-COMMON> 177,978
<SHARES-COMMON-STOCK> 22,851
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,650
<NET-ASSETS> 180,569
<DIVIDEND-INCOME> 578
<INTEREST-INCOME> 2,583
<OTHER-INCOME> 0
<EXPENSES-NET> (1,603)
<NET-INVESTMENT-INCOME> 1,558
<REALIZED-GAINS-CURRENT> 23,232
<APPREC-INCREASE-CURRENT> (8,246)
<NET-CHANGE-FROM-OPS> 16,544
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,558)
<DISTRIBUTIONS-OF-GAINS> (23,232)
<DISTRIBUTIONS-OTHER> (1,288)
<NUMBER-OF-SHARES-SOLD> 3,803
<NUMBER-OF-SHARES-REDEEMED> (2,044)
<SHARES-REINVESTED> 3,300
<NET-CHANGE-IN-ASSETS> 32,331
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,395
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,603
<AVERAGE-NET-ASSETS> 165,923
<PER-SHARE-NAV-BEGIN> 8.33
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> .83
<PER-SHARE-DIVIDEND> (.08)
<PER-SHARE-DISTRIBUTIONS> (1.26)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.90
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 8
<NAME> BALANCED PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 80,421
<INVESTMENTS-AT-VALUE> 91,211
<RECEIVABLES> 1,100
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 92,314
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94
<TOTAL-LIABILITIES> 94
<SENIOR-EQUITY> 130
<PAID-IN-CAPITAL-COMMON> 81,299
<SHARES-COMMON-STOCK> 12,974
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,791
<NET-ASSETS> 92,220
<DIVIDEND-INCOME> 690
<INTEREST-INCOME> 2,238
<OTHER-INCOME> 0
<EXPENSES-NET> (591)
<NET-INVESTMENT-INCOME> 2,337
<REALIZED-GAINS-CURRENT> 758
<APPREC-INCREASE-CURRENT> 3,437
<NET-CHANGE-FROM-OPS> 6,532
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,334)
<DISTRIBUTIONS-OF-GAINS> (761)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,612
<NUMBER-OF-SHARES-REDEEMED> (1,085)
<SHARES-REINVESTED> 435
<NET-CHANGE-IN-ASSETS> 24,461
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 472
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 591
<AVERAGE-NET-ASSETS> 79,827
<PER-SHARE-NAV-BEGIN> 6.77
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> .4
<PER-SHARE-DIVIDEND> (.19)
<PER-SHARE-DISTRIBUTIONS> (.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.11
<EXPENSE-RATIO> .74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 10
<NAME> ASSET STRATEGY PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 13,713
<INVESTMENTS-AT-VALUE> 14,127
<RECEIVABLES> 137
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 14,266
<PAYABLE-FOR-SECURITIES> 167
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9
<TOTAL-LIABILITIES> 176
<SENIOR-EQUITY> 26
<PAID-IN-CAPITAL-COMMON> 13,650
<SHARES-COMMON-STOCK> 2,616
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 414
<NET-ASSETS> 14,090
<DIVIDEND-INCOME> 47
<INTEREST-INCOME> 420
<OTHER-INCOME> 0
<EXPENSES-NET> (123)
<NET-INVESTMENT-INCOME> 344
<REALIZED-GAINS-CURRENT> 460
<APPREC-INCREASE-CURRENT> 225
<NET-CHANGE-FROM-OPS> 1,029
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (342)
<DISTRIBUTIONS-OF-GAINS> (462)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 783
<NUMBER-OF-SHARES-REDEEMED> (204)
<SHARES-REINVESTED> 149
<NET-CHANGE-IN-ASSETS> 4,280
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 123
<AVERAGE-NET-ASSETS> 11,512
<PER-SHARE-NAV-BEGIN> 5.20
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> .38
<PER-SHARE-DIVIDEND> (.14)
<PER-SHARE-DISTRIBUTIONS> (.19)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.39
<EXPENSE-RATIO> 1.07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 54,165
<INVESTMENTS-AT-VALUE> 54,165
<RECEIVABLES> 1,972
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 56,139
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,116
<TOTAL-LIABILITIES> 2,116
<SENIOR-EQUITY> 540
<PAID-IN-CAPITAL-COMMON> 53,483
<SHARES-COMMON-STOCK> 54,023
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 54,023
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,538
<OTHER-INCOME> 0
<EXPENSES-NET> (308)
<NET-INVESTMENT-INCOME> 2,230
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<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,230
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,230)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 261,150
<NUMBER-OF-SHARES-REDEEMED> (252,657)
<SHARES-REINVESTED> 2,230
<NET-CHANGE-IN-ASSETS> 10,723
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 223
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 308
<AVERAGE-NET-ASSETS> 45,487
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> .68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 9
<NAME> LIMITED-TERM BOND PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 4,387
<INVESTMENTS-AT-VALUE> 4,448
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<OTHER-ITEMS-ASSETS> 1
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<PAYABLE-FOR-SECURITIES> 0
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<SENIOR-EQUITY> 9
<PAID-IN-CAPITAL-COMMON> 4,449
<SHARES-COMMON-STOCK> 864
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61
<NET-ASSETS> 4,519
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 273
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<EXPENSES-NET> (33)
<NET-INVESTMENT-INCOME> 240
<REALIZED-GAINS-CURRENT> 9
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<NET-CHANGE-FROM-OPS> 267
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<DISTRIBUTIONS-OF-INCOME> (240)
<DISTRIBUTIONS-OF-GAINS> (9)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 376
<NUMBER-OF-SHARES-REDEEMED> (379)
<SHARES-REINVESTED> 48
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 33
<AVERAGE-NET-ASSETS> 4,240
<PER-SHARE-NAV-BEGIN> 5.19
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> .05
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.23
<EXPENSE-RATIO> .79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 2
<NAME> BOND PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 108,332
<INVESTMENTS-AT-VALUE> 112,650
<RECEIVABLES> 1,749
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<PAYABLE-FOR-SECURITIES> 0
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<SENIOR-EQUITY> 210
<PAID-IN-CAPITAL-COMMON> 111,174
<SHARES-COMMON-STOCK> 20,991
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,406)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,318
<NET-ASSETS> 114,296
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,000
<OTHER-INCOME> 0
<EXPENSES-NET> (700)
<NET-INVESTMENT-INCOME> 6,300
<REALIZED-GAINS-CURRENT> 783
<APPREC-INCREASE-CURRENT> 369
<NET-CHANGE-FROM-OPS> 7,452
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,300)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,066
<NUMBER-OF-SHARES-REDEEMED> (2,764)
<SHARES-REINVESTED> 1,157
<NET-CHANGE-IN-ASSETS> 14,807
<ACCUMULATED-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 548
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 700
<AVERAGE-NET-ASSETS> 105,116
<PER-SHARE-NAV-BEGIN> 5.37
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> .08
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.45
<EXPENSE-RATIO> .67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000810016
<NAME> TARGET/UNITED FUNDS, INC.
<SERIES>
<NUMBER> 3
<NAME> HIGH INCOME PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 126,589
<INVESTMENTS-AT-VALUE> 124,170
<RECEIVABLES> 2,292
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 126,465
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 112
<TOTAL-LIABILITIES> 112
<SENIOR-EQUITY> 286
<PAID-IN-CAPITAL-COMMON> 128,824
<SHARES-COMMON-STOCK> 28,624
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (338)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,419)
<NET-ASSETS> 126,353
<DIVIDEND-INCOME> 261
<INTEREST-INCOME> 11,649
<OTHER-INCOME> 0
<EXPENSES-NET> (966)
<NET-INVESTMENT-INCOME> 10,944
<REALIZED-GAINS-CURRENT> (338)
<APPREC-INCREASE-CURRENT> (8,207)
<NET-CHANGE-FROM-OPS> 2,399
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,944)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,966
<NUMBER-OF-SHARES-REDEEMED> (4,037)
<SHARES-REINVESTED> 2,479
<NET-CHANGE-IN-ASSETS> 6,829
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 801
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 966
<AVERAGE-NET-ASSETS> 124,974
<PER-SHARE-NAV-BEGIN> 4.74
<PER-SHARE-NII> .42
<PER-SHARE-GAIN-APPREC> (.33)
<PER-SHARE-DIVIDEND> (.42)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.41
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
