<PAGE> PAGE 1
000 A000000 04/30/99
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 N
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 C020200 THE TREASURY MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
<PAGE> PAGE 2
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
<PAGE> PAGE 3
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
008 A00AA01 JP MORGAN INVESTMENT MANAGEMENT INC.
008 B00AA01 A
008 C00AA01 801-999999
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10036
008 A00AA02 DELETE
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.
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10017
011 A00AA01 FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-420518
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-50003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
013 A00AA01 PRICEWATERHOUSECOOPERS 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
<PAGE> PAGE 4
015 C03AA01 02101
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 69
019 C00AA00 J.P.MORGAN
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 WEST DEUTSCHE LANDESBANK
022 C000001 20176539
022 D000001 0
022 A000002 GOLDMAN SACHS
022 C000002 9404384
022 D000002 27012
022 A000003 SHEARSON LEHMAN
022 C000003 9186988
022 D000003 8485
022 A000004 WARBURG
022 C000004 9026723
022 D000004 4382
022 A000005 CS FIRST BOSTON
022 C000005 6892608
022 D000005 47297
022 A000006 BEAR STERNS
022 C000006 5042596
022 D000006 23721
022 A000007 MERRILL LYNCH
022 C000007 1220187
022 D000007 26316
022 A000008 HSBC INVESTMENT BANK
022 C000008 896572
022 D000008 974
022 A000009 GREENWICH CAPITAL
022 C000009 350396
022 D000009 12667
022 A000010 MORGAN STANLEY & CO
022 C000010 243433
022 D000010 57104
023 C000000 63139789
023 D000000 330448
026 A000000 N
026 B000000 N
<PAGE> PAGE 5
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
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 Y
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
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
<PAGE> PAGE 6
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
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086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 CHASE
025 C000101 D
025 D000101 969
025 A000102 PRUDENTIAL
025 C000102 D
025 D000102 2002
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1517
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028 A040100 5827
028 B010100 9572
<PAGE> PAGE 7
028 B020100 0
028 B030100 0
028 B040100 11672
028 C010100 6336
028 C020100 0
028 C030100 0
028 C040100 11762
028 D010100 29699
028 D020100 0
028 D030100 0
028 D040100 2874
028 E010100 20909
028 E020100 0
028 E030100 0
028 E040100 2939
028 F010100 3595
028 F020100 0
028 F030100 0
028 F040100 3296
028 G010100 71628
028 G020100 0
028 G030100 0
028 G040100 38370
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.450
048 A010100 0
048 A020100 0.000
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
<PAGE> PAGE 8
062 B000100 0.2
062 C000100 0.0
062 D000100 14.8
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 1.4
062 K000100 0.0
062 L000100 0.4
062 M000100 1.8
062 N000100 14.9
062 O000100 0.0
062 P000100 36.9
062 Q000100 40.1
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
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
<PAGE> PAGE 9
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 368937
071 B000100 334405
071 C000100 235593
071 D000100 142
072 A000100 6
072 B000100 8839
072 C000100 0
072 D000100 0
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072 J000100 108
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072 L000100 4
072 M000100 1
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072 R000100 25
072 S000100 1
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072 Z000100 8114
072AA000100 0
072BB000100 119
072CC010100 3124
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
<PAGE> PAGE 10
073 C000100 0.0000
074 A000100 4
074 B000100 40916
074 C000100 5603
074 D000100 258949
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 53
074 J000100 7739
074 K000100 0
074 L000100 3919
074 M000100 1001
074 N000100 318184
074 O000100 41519
074 P000100 101
074 Q000100 0
074 R010100 0
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074 R030100 0
074 R040100 114
074 S000100 0
074 T000100 276450
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 2
074 Y000100 71541
075 A000100 0
075 B000100 244707
076 000100 0.00
024 000200 Y
025 A000201 FIRST BOSTON
025 C000201 D
025 D000201 30000
025 A000202 GOLDMAN SACHS
025 C000202 D
025 D000202 118534
025 A000203 LEHMAN BROTHERS
025 C000203 D
025 D000203 30000
025 A000204 MERRILL LYNCH
025 C000204 D
025 D000204 25000
025 A000205 WESTDEUTSCHE LANDESBANK
025 C000205 D
025 D000205 145000
025 D000206 0
<PAGE> PAGE 11
025 D000207 0
025 D000208 0
025 D000209 0
025 D000210 0
025 D000211 0
025 D000212 0
025 D000213 0
025 D000214 0
025 D000215 0
025 D000216 0
028 A010200 316428
028 A020200 0
028 A030200 0
028 A040200 221962
028 B010200 592994
028 B020200 0
028 B030200 0
028 B040200 594841
028 C010200 835337
028 C020200 0
028 C030200 0
028 C040200 604720
028 D010200 230606
028 D020200 0
028 D030200 0
028 D040200 218140
028 E010200 160555
028 E020200 0
028 E030200 0
028 E040200 388868
028 F010200 147082
028 F020200 0
028 F030200 0
028 F040200 338755
028 G010200 2283002
028 G020200 0
028 G030200 0
028 G040200 2367286
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.200
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
<PAGE> PAGE 12
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 1000000
048 K020200 0.100
062 A000200 Y
062 B000200 55.6
062 C000200 0.0
062 D000200 43.7
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 47
063 B000200 0.0
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
<PAGE> PAGE 13
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 20326
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 829
072 G000200 123
072 H000200 0
072 I000200 0
072 J000200 60
072 K000200 0
072 L000200 4
072 M000200 3
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 17
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 4
<PAGE> PAGE 14
072 X000200 1042
072 Y000200 236
072 Z000200 19520
072AA000200 0
072BB000200 10
072CC010200 0
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1
074 B000200 348534
074 C000200 274156
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 33
074 L000200 4331
074 M000200 3
074 N000200 627058
074 O000200 0
074 P000200 142
074 Q000200 0
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074 R020200 0
074 R030200 0
074 R040200 96
074 S000200 0
074 T000200 626820
074 U010200 0
074 U020200 0
074 V010200 0.00
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074 W000200 0.0000
074 X000200 2
074 Y000200 0
075 A000200 840341
075 B000200 0
076 000200 0.00
SIGNATURE GEORGE A. RIO
TITLE ASSISTANT 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 semiannual
report dated April 30, 1999 for The Global Strategic Income Portfolio and is
qualified in its entirety by reference to such semiannual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 305,611
<INVESTMENTS-AT-VALUE> 305,521
<RECEIVABLES> 11,658
<ASSETS-OTHER> 1,005
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 318,184
<PAYABLE-FOR-SECURITIES> 41,519
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 215
<TOTAL-LIABILITIES> 41,734
<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> 276,450
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,839
<OTHER-INCOME> 0
<EXPENSES-NET> 725
<NET-INVESTMENT-INCOME> 8,114
<REALIZED-GAINS-CURRENT> (119)
<APPREC-INCREASE-CURRENT> 3,124
<NET-CHANGE-FROM-OPS> 11,119
<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> 42,296
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 546
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 725
<AVERAGE-NET-ASSETS> 244,707
<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> 0.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
TRANSACTIONS SUBJECT TO RULE 10f-3 PROCEDURES
Portfolio: Global Strategic Income Portfolio - Private Mortgages
------------------------------------------------------
Security Description: Certificates Class B-1
----------------------
Issuer: Green Tree SR99-2 B-1 8.41% due 12/1/30 Offering Type: US Registered
---------- ----------------------------- --------------
(US Registered, Eligible Muni,
Eligible Foreign, Eligible 144A)
<TABLE>
<CAPTION>
- ---- ------------------------------------------ ---------------- -------------------------------------- -----------------
In Compliance
REQUIRED INFORMATION ANSWER APPLICABLE RESTRICTION (Yes/No)
- ---- ------------------------------------------ ---------------- -------------------------------------- -----------------
- ---- ------------------------------------------ ---------------- --------------------------------------
<S> <C> <C> <C>
1. Offering Date March 11, 1999 None N/A
-------------- ---
2. Trade Date March 11, 1999 Must be the same as #1 Yes
-------------- ---
3. Unit Price of Offering 99.96875% None N/A
---
4. Price Paid per Unit 99.96875% Must not exceed #3 Yes
---
5. Years of Issuer's Operations 14 Must be at least three years * Yes
-- ---
6. Underwriting Type Firm Must be firm Yes
7. Underwriting Spread 0.7% Investment Adviser determination to Yes
---- be made ---
8. Total Price paid by Portfolio $2,499,219 None N/A
---------- ---
9. Total Size of Offering $44,000,000 None N/A
----------- ---
10. Total Price Paid by Portfolio plus Total #10 divided by #9 must not exceed
Price Paid for same securities purchased 25% ** Yes
by the same investment adviser for other $2,499,219 ---
investment companies
11. Underwriter(s) from whom the Portfolio
11. purchased (attach a prospectus or Lehman Bros Must not include Investment Adviser
offering circular for a list of all ----------- affiliates *** Yes
syndicate members) ---
12. If the affiliate was lead or co-lead Yes
manager, was the instruction listed Must be "Yes" or "N/A" Yes
below given to the broker(s) named in ---
#11? ****
- ---- ------------------------------------------ ---------------- -------------------------------------- -----------------
</TABLE>
The Investment Adviser has no reasonable cause to believe that the underwriting
commission, spread or profit is NOT reasonable and fair compared to
underwritings of similar securities during a comparable period of time. In
determining which securities are comparable, the Investment Adviser has
considered the factors set forth in the Portfolio's 10f-3 procedures.
* Not applicable to munis. In the case of munis, (i) the issue must have
one investment grade rating or (ii) if the issuer or the revenue source
has been in operation for less than three years, the issue must have
one of the three highest ratings. Circle (i) or (ii), whichever is met.
** If an eligible Rule 144A offering, must not exceed 25% of the total
amount of same class sold to QIBs in the Rule 144A offering PLUS the
amount of the offering of the same class in any concurrent public
offering
*** For munis purchased from syndicate manager, check box to confirm that the
purchase was not designated as a group sale. [ ]
**** No credit for the purchase made for the Portfolio can be credited to the
Investment Adviser's affiliate.
