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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000929922
<NAME> UNITED ASSET STRATEGY FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
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<INVESTMENTS-AT-VALUE> 31,675,352
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<PAYABLE-FOR-SECURITIES> 630,000
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 848,344
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<APPREC-INCREASE-CURRENT> (1,508,404)
<NET-CHANGE-FROM-OPS> (461,380)
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</TABLE>
