<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000764842
<NAME> UNITED GOLD & GOVERNMENT FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                       30,078,746
<INVESTMENTS-AT-VALUE>                      32,454,712
<RECEIVABLES>                                  421,366
<ASSETS-OTHER>                                   9,847
<OTHER-ITEMS-ASSETS>                             4,914
<TOTAL-ASSETS>                              32,890,839
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      158,211
<TOTAL-LIABILITIES>                            158,211
<SENIOR-EQUITY>                              3,742,294
<PAID-IN-CAPITAL-COMMON>                    54,740,556
<SHARES-COMMON-STOCK>                        3,742,294
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          420
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (28,126,593)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,375,951
<NET-ASSETS>                                32,732,628
<DIVIDEND-INCOME>                              153,409
<INTEREST-INCOME>                            1,321,485
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (893,578)
<NET-INVESTMENT-INCOME>                        581,316
<REALIZED-GAINS-CURRENT>                     3,257,848
<APPREC-INCREASE-CURRENT>                    (963,302)
<NET-CHANGE-FROM-OPS>                        3,188,124
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (900,579)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,052,102
<NUMBER-OF-SHARES-REDEEMED>                (3,983,888)
<SHARES-REINVESTED>                            102,634
<NET-CHANGE-IN-ASSETS>                     (4,689,376)
<ACCUMULATED-NII-PRIOR>                          7,099
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                             8.19
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                            .56
<PER-SHARE-DIVIDEND>                             (.24)
<PER-SHARE-DISTRIBUTIONS>                            0
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<EXPENSE-RATIO>                                   1.66
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</TABLE>