<PAGE> PAGE 1
000 B000000 06/30/95
000 C000000 0000015260
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001 A000000 BULL & BEAR FUNDS II, INC.
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007 C020100 BULL & BEAR DOLLAR RESERVES
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007 C010200 2
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007 C030200 N
007 C010300 3
007 C020300 BULL & BEAR U.S. GOVERNMENT SECURITIES FUND
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007 C010500 5
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022 A000001 HSBC SECURITIES, INC.
<PAGE> PAGE 2
022 B000001 13-2650272
022 C000001 848837
022 D000001 769059
022 A000002 DAIWA SECURITIES AMERICA
022 B000002 13-5680329
022 C000002 187815
022 D000002 140559
022 A000003 BARCLAYS DE ZOETE WEDD SECURITIES INC.
022 B000003 13-3551367
022 C000003 94512
022 D000003 93921
022 A000004 LEHMAN BROTHERS INC.
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022 C000004 106385
022 D000004 81150
022 A000005 PAINEWEBBER INCORPORATED
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022 A000006 CHEMICAL BANK
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022 C000006 64563
022 D000006 62569
022 A000007 BEAR STEARNS & CO., INC.
022 B000007 13-4946705
022 C000007 32072
022 D000007 28219
022 A000008 BANKERS TRUST COMPANY
022 B000008 13-4941247
022 C000008 44578
022 D000008 8997
022 A000009 NOMURA SECURITIES
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022 C000009 28456
022 D000009 19373
022 A000010 DEUTSCHE BANK SECURITIES CORPORATION
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022 C000010 28099
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080 A00AA00 CHUBB INSURANCE COMPANY
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
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070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
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070 Q010100 N
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<PAGE> PAGE 5
070 R010100 N
070 R020100 N
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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063 B000200 7.2
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
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070 B020200 N
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070 C020200 N
070 D010200 N
070 D020200 N
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070 E020200 N
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070 F020200 N
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070 G020200 N
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070 H020200 N
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<PAGE> PAGE 8
070 K020200 N
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070 P020200 N
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070 Q020200 N
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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070 G020300 N
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070 H020300 N
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070 K020300 N
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070 M020300 N
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070 P020300 N
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070 R020300 N
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<PAGE> PAGE 12
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<PAGE> PAGE 13
SIGNATURE WILLIAM K. DEAN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted
from Bull & Bear Dollar Reserves and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Bull & Bear Dollar Reserves
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 65,268,213
<INVESTMENTS-AT-VALUE> 65,268,213
<RECEIVABLES> 1,613
<ASSETS-OTHER> 87,941
<OTHER-ITEMS-ASSETS> 11,927
<TOTAL-ASSETS> 65,369,694
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91,399
<TOTAL-LIABILITIES> 91,399
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,207,859
<SHARES-COMMON-STOCK> 65,208,343
<SHARES-COMMON-PRIOR> 76,314,222
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 70,436
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 65,278,295
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,592,826
<OTHER-INCOME> 0
<EXPENSES-NET> 605,001
<NET-INVESTMENT-INCOME> 2,987,825
<REALIZED-GAINS-CURRENT> 33,028
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,020,853
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,987,825
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 526,864,067
<NUMBER-OF-SHARES-REDEEMED> 540,681,418
<SHARES-REINVESTED> 2,711,471
<NET-CHANGE-IN-ASSETS> (11,072,852)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 37,409
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 339,025
<INTEREST-EXPENSE> 946
<GROSS-EXPENSE> 944,027
<AVERAGE-NET-ASSETS> 67,805,112
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.040
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.040
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 1.000
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted
from Bull & Bear Global Income Fund and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Bull & Bear Global Income Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 37,621,350
<INVESTMENTS-AT-VALUE> 38,390,957
<RECEIVABLES> 3,058,683
<ASSETS-OTHER> 1,886
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,451,526
<PAYABLE-FOR-SECURITIES> 2,103,394
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 168,501
<TOTAL-LIABILITIES> 2,271,895
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,396,889
<SHARES-COMMON-STOCK> 4,896,231
<SHARES-COMMON-PRIOR> 5,374,630
<ACCUMULATED-NII-CURRENT> (1,419,941)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (56,553,832)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 756,515
<NET-ASSETS> 39,179,631
<DIVIDEND-INCOME> 8,541
<INTEREST-INCOME> 3,456,247
<OTHER-INCOME> 0
<EXPENSES-NET> 910,681
<NET-INVESTMENT-INCOME> 2,554,107
<REALIZED-GAINS-CURRENT> (5,652,998)
<APPREC-INCREASE-CURRENT> 4,799,978
<NET-CHANGE-FROM-OPS> 1,701,087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 862,298
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 2,201,712
<NUMBER-OF-SHARES-SOLD> 1,520,831
<NUMBER-OF-SHARES-REDEEMED> 2,260,096
<SHARES-REINVESTED> 260,866
<NET-CHANGE-IN-ASSETS> (5,175,654)
<ACCUMULATED-NII-PRIOR> (309,103)
<ACCUMULATED-GAINS-PRIOR> (66,206,447)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288,533
<INTEREST-EXPENSE> 2,441
<GROSS-EXPENSE> 910,681
<AVERAGE-NET-ASSETS> 41,218,954
<PER-SHARE-NAV-BEGIN> 8.250
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> 0.180
<PER-SHARE-DIVIDEND> 0.170
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.430
<PER-SHARE-NAV-END> 8.000
<EXPENSE-RATIO> 2.000
<AVG-DEBT-OUTSTANDING> 22,715
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted
from Bull & Bear U.S. Government Securities Fund and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Bull & Bear U.S. Government Securities Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 15,862,821
<INVESTMENTS-AT-VALUE> 16,103,420
<RECEIVABLES> 335,785
<ASSETS-OTHER> 52,735
<OTHER-ITEMS-ASSETS> 4,042
<TOTAL-ASSETS> 16,495,982
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 118,698
<TOTAL-LIABILITIES> 118,698
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,837,214
<SHARES-COMMON-STOCK> 1,077,524
<SHARES-COMMON-PRIOR> 1,214,931
<ACCUMULATED-NII-CURRENT> 1,377
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,701,906)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 240,599
<NET-ASSETS> 16,377,284
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,158,324
<OTHER-INCOME> 0
<EXPENSES-NET> 332,677
<NET-INVESTMENT-INCOME> 825,647
<REALIZED-GAINS-CURRENT> (217,869)
<APPREC-INCREASE-CURRENT> 821,547
<NET-CHANGE-FROM-OPS> 1,429,325
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 859,743
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 372,514
<NUMBER-OF-SHARES-REDEEMED> 555,963
<SHARES-REINVESTED> 46,042
<NET-CHANGE-IN-ASSETS> (1,399,964)
<ACCUMULATED-NII-PRIOR> 35,473
<ACCUMULATED-GAINS-PRIOR> (2,484,037)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 116,437
<INTEREST-EXPENSE> 488
<GROSS-EXPENSE> 825,647
<AVERAGE-NET-ASSETS> 16,633,793
<PER-SHARE-NAV-BEGIN> 14.630
<PER-SHARE-NII> 0.730
<PER-SHARE-GAIN-APPREC> 0.600
<PER-SHARE-DIVIDEND> 0.760
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.200
<EXPENSE-RATIO> 2.000
<AVG-DEBT-OUTSTANDING> 2,468
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
