<PAGE> PAGE 1
000 A000000 04/30/97
000 C000000 1031787
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SERIES PORTFOLIO II
001 B000000 811-8077
001 C000000 6175570700
002 A000000 60 STATE STREET SUITE 1300
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 THE GLOBAL STRATEGIC INCOME PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
008 B00AA01 A
008 C00AA01 801-999999
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10036
010 A00AA01 FUNDS DISTRIBUTOR, INC.
010 B00AA01 8-420518
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
010 A00AA02 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
010 B00AA02 8-49999
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10036
010 A00AA03 PIERPONT GROUP, INC.
<PAGE> PAGE 2
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10017
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-50003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 J.P. MORGAN SECURITIES INC.
014 B00AA01 8-99999999
014 A00AA02 J.P. MORGAN SECURITIES, LTD.
014 B00AA02 8-99999999
014 A00AA03 BOSTON INSTITUTIONAL SERVICES, INC.
014 B00AA03 8-99999
014 A00AA04 FUNDS DISTRIBUTOR, INC.
014 B00AA04 8-420518
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 70
019 C00AA00 JPM\PIERPO
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 LEHMAN, INC.
022 C000001 32753
022 D000001 0
022 A000002 DILLON, READ & CO.
022 C000002 0
022 D000002 15295
022 A000003 BEAR STEARNS & CO.
022 C000003 11986
022 D000003 0
022 A000004 MORGAN STANLEY & CO.
<PAGE> PAGE 3
022 B000004 13-2655998
022 C000004 5983
022 D000004 1774
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 C000005 4039
022 D000005 1706
022 A000006 SMITH BARNEY INC.
022 C000006 5345
022 D000006 322
022 A000007 NOMURA SECURITIES INTERNATIONAL PLC
022 C000007 4125
022 D000007 1257
022 A000008 PAINE WEBBER INC.
022 C000008 0
022 D000008 4525
022 A000009 CS FIRST BOSTON CORP.
022 C000009 4327
022 D000009 0
022 A000010 DEUTSCHE BANK
022 C000010 238
022 D000010 4054
023 C000000 81806
023 D000000 32978
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A01AA00 0
028 A02AA00 0
028 A03AA00 0
028 A04AA00 0
028 B01AA00 0
028 B02AA00 0
028 B03AA00 0
028 B04AA00 0
028 C01AA00 0
<PAGE> PAGE 4
028 C02AA00 0
028 C03AA00 0
028 C04AA00 0
028 D01AA00 0
028 D02AA00 0
028 D03AA00 0
028 D04AA00 0
028 E01AA00 47066
028 E02AA00 0
028 E03AA00 0
028 E04AA00 0
028 F01AA00 10538
028 F02AA00 0
028 F03AA00 0
028 F04AA00 5
028 G01AA00 57604
028 G02AA00 0
028 G03AA00 0
028 G04AA00 5
028 H00AA00 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
<PAGE> PAGE 5
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.450
048 A010100 0
048 A020100 0.000
<PAGE> PAGE 6
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 39.7
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 1.6
062 M000100 0.0
062 N000100 26.9
062 O000100 0.0
062 P000100 27.4
062 Q000100 38.4
062 R000100 0.0
063 A000100 0
063 B000100 4.6
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
<PAGE> PAGE 7
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 87358
071 B000100 33471
071 C000100 32132
071 D000100 104
072 A000100 2
072 B000100 454
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 28
072 G000100 2
072 H000100 0
072 I000100 0
072 J000100 14
072 K000100 0
072 L000100 1
072 M000100 0
072 N000100 0
072 O000100 0
<PAGE> PAGE 8
072 P000100 0
072 Q000100 0
072 R000100 10
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 2
072 X000100 57
072 Y000100 16
072 Z000100 413
072AA000100 0
072BB000100 121
072CC010100 176
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 31
074 B000100 23085
074 C000100 939
074 D000100 53891
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 2964
074 K000100 10
074 L000100 649
074 M000100 17
074 N000100 81586
074 O000100 23318
074 P000100 22
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 79
074 S000100 0
074 T000100 58167
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 1
<PAGE> PAGE 9
074 Y000100 16510
075 A000100 0
075 B000100 51362
076 000100 0.00
SIGNATURE RICHARD W. INGRAM
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated 04/30/97 for The Global Strategic Income Portfolio and is
qualified in its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 77809
<INVESTMENTS-AT-VALUE> 77915
<RECEIVABLES> 3512
<ASSETS-OTHER> 159
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81586
<PAYABLE-FOR-SECURITIES> 23318
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101
<TOTAL-LIABILITIES> 23419
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<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> 58167
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 454
<OTHER-INCOME> 0
<EXPENSES-NET> 41
<NET-INVESTMENT-INCOME> 413
<REALIZED-GAINS-CURRENT> (121)
<APPREC-INCREASE-CURRENT> 176
<NET-CHANGE-FROM-OPS> 468
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 56
<AVERAGE-NET-ASSETS> 51362
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .65%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
