<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> 01
   <NAME> UNITED INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                    2,955,148,013
<INVESTMENTS-AT-VALUE>                   5,051,152,404
<RECEIVABLES>                               14,669,503
<ASSETS-OTHER>                                  57,237
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           5,065,879,144
<PAYABLE-FOR-SECURITIES>                    38,622,803
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   25,493,028
<TOTAL-LIABILITIES>                         64,115,831
<SENIOR-EQUITY>                            152,004,636
<PAID-IN-CAPITAL-COMMON>                 2,678,442,344
<SHARES-COMMON-STOCK>                      152,004,636
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    2,937,972
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     72,382,654
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                 2,095,995,707
<NET-ASSETS>                             5,001,763,313
<DIVIDEND-INCOME>                           66,534,296
<INTEREST-INCOME>                           19,406,967
<OTHER-INCOME>                                       0
<EXPENSES-NET>                            (38,841,783)
<NET-INVESTMENT-INCOME>                     47,099,480
<REALIZED-GAINS-CURRENT>                   276,135,291
<APPREC-INCREASE-CURRENT>                  518,056,427
<NET-CHANGE-FROM-OPS>                      841,291,198
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (46,118,752)
<DISTRIBUTIONS-OF-GAINS>                 (230,246,880)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     17,432,054
<NUMBER-OF-SHARES-REDEEMED>               (14,393,665)
<SHARES-REINVESTED>                        (7,977,524)
<NET-CHANGE-IN-ASSETS>                     918,342,846
<ACCUMULATED-NII-PRIOR>                      2,184,484
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       25,277,033
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             38,841,783
<AVERAGE-NET-ASSETS>                     4,540,330,040
<PER-SHARE-NAV-BEGIN>                            28.96
<PER-SHARE-NII>                                    .33
<PER-SHARE-GAIN-APPREC>                           5.53
<PER-SHARE-DIVIDEND>                            (0.32)
<PER-SHARE-DISTRIBUTIONS>                       (1.59)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              32.91
<EXPENSE-RATIO>                                   0.86
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>