<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000217420
<NAME> UNITED FUNDS, INC.
<SERIES>
   <NUMBER> 02
   <NAME> UNITED ACCUMULATIVE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                    1,224,750,914
<INVESTMENTS-AT-VALUE>                   1,297,247,268
<RECEIVABLES>                                1,831,987
<ASSETS-OTHER>                                  34,184
<OTHER-ITEMS-ASSETS>                            31,233
<TOTAL-ASSETS>                           1,299,144,672
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   11,277,880
<TOTAL-LIABILITIES>                         11,277,880
<SENIOR-EQUITY>                            166,148,578
<PAID-IN-CAPITAL-COMMON>                   994,196,461
<SHARES-COMMON-STOCK>                      166,148,578
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    1,310,231
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     53,715,148
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    72,496,374
<NET-ASSETS>                             1,287,866,792
<DIVIDEND-INCOME>                           19,372,299
<INTEREST-INCOME>                            7,360,999
<OTHER-INCOME>                                       0
<EXPENSES-NET>                            (10,185,317)
<NET-INVESTMENT-INCOME>                     16,547,981
<REALIZED-GAINS-CURRENT>                   155,527,364
<APPREC-INCREASE-CURRENT>                 (28,379,142)
<NET-CHANGE-FROM-OPS>                      143,741,203
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (16,566,085)
<DISTRIBUTIONS-OF-GAINS>                 (127,159,975)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      8,389,228
<NUMBER-OF-SHARES-REDEEMED>               (14,942,476)
<SHARES-REINVESTED>                         17,543,090
<NET-CHANGE-IN-ASSETS>                      81,084,028
<ACCUMULATED-NII-PRIOR>                      1,322,673
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,879,322
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             10,185,317
<AVERAGE-NET-ASSETS>                     1,234,829,470
<PER-SHARE-NAV-BEGIN>                             7.78
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                            .82
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                        (.85)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.75
<EXPENSE-RATIO>                                    .83
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>