DELAWARE GROUP DECATUR FUND INC
NSAR-A, 1997-07-29
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<PAGE>      PAGE  1
000 A000000 05/31/97
000 C000000 0000027574
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 DELAWARE GROUP EQUITY FUNDS II, INC.
001 B000000 811-750
001 C000000 2152552926
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 DECATUR INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 DECATUR TOTAL RETURN FUND
007 C030200 N
007 C010300  3
007 C020300 BLUE CHIP FUND
007 C030300 N
007 C010400  4
007 C020400 QUANTUM FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 BEAR, STEARNS & CO., INC.
020 B000001 13-3299429
020 C000001    136
020 A000002 SALOMON BROTHERS, INC.
020 B000002 13-3082694
020 C000002    130
020 A000003 ALPHA MANAGEMENT, INC.
020 B000003 94-3105302
020 C000003    121
020 A000004 LEHMAN BROTHERS, INC.
020 B000004 13-2518466
<PAGE>      PAGE  2
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020 A000006 LAWRENCE (C.J.)
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020 C000006    105
020 A000007 FSC SECURITIES CORPORATION
020 B000007 58-1288674
020 C000007    101
020 A000008 DONALDSON, LUFKIN & JENRETTE SECURITIES, INC.
020 B000008 13-2741729
020 C000008     92
020 A000009 JEFFERIES & COMPANY, INC.
020 B000009 95-2622900
020 C000009     89
020 A000010 JANNEY MONTGOMERY SCOTT, INC.
020 B000010 23-0731260
020 C000010     84
021  000000     2280
022 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES, INC.
022 B000001 13-2741729
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022 B000002 13-3082694
022 C000002      7127
022 D000002     22223
022 A000003 CHASE MANHATTAN INVESTMENT SECURITIES, INC.
022 C000003     21049
022 D000003      4300
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022 C000005     10431
022 D000005     11204
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<PAGE>      PAGE  3
022 D000009      7390
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   ROSEMARY E. MILNER                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 011
   <NAME> DECATUR INCOME FUND A CLASS
       
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,731,522
<AVERAGE-NET-ASSETS>                     1,640,040,285
<PER-SHARE-NAV-BEGIN>                           21.320
<PER-SHARE-NII>                                   .310
<PER-SHARE-GAIN-APPREC>                          1.880
<PER-SHARE-DIVIDEND>                              .300
<PER-SHARE-DISTRIBUTIONS>                        2.680
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.530
<EXPENSE-RATIO>                                  0.880
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 012
   <NAME> DECATUR INCOME FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                    1,767,846,482
<INVESTMENTS-AT-VALUE>                   2,099,189,733
<RECEIVABLES>                               34,009,715
<ASSETS-OTHER>                                  24,474
<OTHER-ITEMS-ASSETS>                           615,890
<TOTAL-ASSETS>                           2,133,839,812
<PAYABLE-FOR-SECURITIES>                    15,426,243
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,163,830
<TOTAL-LIABILITIES>                         18,590,073
<SENIOR-EQUITY>                            103,074,585
<PAID-IN-CAPITAL-COMMON>                 1,548,418,570
<SHARES-COMMON-STOCK>                        4,440,072
<SHARES-COMMON-PRIOR>                        2,855,222
<ACCUMULATED-NII-CURRENT>                    1,313,066
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    131,100,266
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   331,343,251
<NET-ASSETS>                                90,783,392
<DIVIDEND-INCOME>                           26,379,227
<INTEREST-INCOME>                           13,608,809
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,731,522
<NET-INVESTMENT-INCOME>                     31,256,514
<REALIZED-GAINS-CURRENT>                   133,460,699
<APPREC-INCREASE-CURRENT>                   60,480,884
<NET-CHANGE-FROM-OPS>                      225,198,097
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      873,524
<DISTRIBUTIONS-OF-GAINS>                     7,925,263
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,342,141
<NUMBER-OF-SHARES-REDEEMED>                    180,624
<SHARES-REINVESTED>                            423,333
<NET-CHANGE-IN-ASSETS>                     189,365,070
<ACCUMULATED-NII-PRIOR>                        480,076
<ACCUMULATED-GAINS-PRIOR>                  239,836,699
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,798,709
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,731,522
<AVERAGE-NET-ASSETS>                        73,957,981
<PER-SHARE-NAV-BEGIN>                           21.260
<PER-SHARE-NII>                                   .250
<PER-SHARE-GAIN-APPREC>                          1.850
<PER-SHARE-DIVIDEND>                              .230
<PER-SHARE-DISTRIBUTIONS>                        2.680
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.450
<EXPENSE-RATIO>                                  1.690
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 013
   <NAME> DECATUR INCOME FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                    1,767,846,482
<INVESTMENTS-AT-VALUE>                   2,099,189,733
<RECEIVABLES>                               34,009,715
<ASSETS-OTHER>                                  24,474
<OTHER-ITEMS-ASSETS>                           615,890
<TOTAL-ASSETS>                           2,133,839,812
<PAYABLE-FOR-SECURITIES>                    15,426,243
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,163,830
<TOTAL-LIABILITIES>                         18,590,073
<SENIOR-EQUITY>                            103,074,585
<PAID-IN-CAPITAL-COMMON>                 1,548,418,570
<SHARES-COMMON-STOCK>                          481,600
<SHARES-COMMON-PRIOR>                          226,637
<ACCUMULATED-NII-CURRENT>                    1,313,066
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    131,100,266
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   331,343,251
<NET-ASSETS>                                 9,886,259
<DIVIDEND-INCOME>                           26,379,227
<INTEREST-INCOME>                           13,608,809
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,731,522
<NET-INVESTMENT-INCOME>                     31,256,514
<REALIZED-GAINS-CURRENT>                   133,460,699
<APPREC-INCREASE-CURRENT>                   60,480,884
<NET-CHANGE-FROM-OPS>                      225,198,097
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       85,191
<DISTRIBUTIONS-OF-GAINS>                       667,227
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        232,980
<NUMBER-OF-SHARES-REDEEMED>                     12,630
<SHARES-REINVESTED>                             34,613
<NET-CHANGE-IN-ASSETS>                     189,365,070
<ACCUMULATED-NII-PRIOR>                        480,076
<ACCUMULATED-GAINS-PRIOR>                  239,836,699
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,798,709
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,731,522
<AVERAGE-NET-ASSETS>                         7,122,379
<PER-SHARE-NAV-BEGIN>                           21.330
<PER-SHARE-NII>                                   .230
<PER-SHARE-GAIN-APPREC>                          1.880
<PER-SHARE-DIVIDEND>                              .230
<PER-SHARE-DISTRIBUTIONS>                        2.680
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.530
<EXPENSE-RATIO>                                  1.690
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 014  
   <NAME> DECATUR INCOME FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                    1,767,846,482
<INVESTMENTS-AT-VALUE>                   2,099,189,733
<RECEIVABLES>                               34,009,715
<ASSETS-OTHER>                                  24,474
<OTHER-ITEMS-ASSETS>                           615,890
<TOTAL-ASSETS>                           2,133,839,812
<PAYABLE-FOR-SECURITIES>                    15,426,243
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,163,830
<TOTAL-LIABILITIES>                         18,590,073
<SENIOR-EQUITY>                            103,074,585
<PAID-IN-CAPITAL-COMMON>                 1,548,418,570
<SHARES-COMMON-STOCK>                       13,204,789
<SHARES-COMMON-PRIOR>                       11,450,646
<ACCUMULATED-NII-CURRENT>                    1,313,066
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    131,100,266
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   331,343,251
<NET-ASSETS>                               270,877,011
<DIVIDEND-INCOME>                           26,379,227
<INTEREST-INCOME>                           13,608,809
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,731,522
<NET-INVESTMENT-INCOME>                     31,256,514
<REALIZED-GAINS-CURRENT>                   133,460,699
<APPREC-INCREASE-CURRENT>                   60,480,884
<NET-CHANGE-FROM-OPS>                      225,198,097
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    4,132,765
<DISTRIBUTIONS-OF-GAINS>                    30,836,157
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        790,437
<NUMBER-OF-SHARES-REDEEMED>                    901,604
<SHARES-REINVESTED>                          1,865,310 
<NET-CHANGE-IN-ASSETS>                     189,365,070
<ACCUMULATED-NII-PRIOR>                        480,076
<ACCUMULATED-GAINS-PRIOR>                  239,836,699
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,798,709
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              8,731,522
<AVERAGE-NET-ASSETS>                       215,603,912
<PER-SHARE-NAV-BEGIN>                           21.310
<PER-SHARE-NII>                                   .320
<PER-SHARE-GAIN-APPREC>                          1.880
<PER-SHARE-DIVIDEND>                              .320
<PER-SHARE-DISTRIBUTIONS>                        2.680
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.510
<EXPENSE-RATIO>                                  0.690
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 021
   <NAME> DECATUR TOTAL RETURN FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      737,422,707
<INVESTMENTS-AT-VALUE>                     910,757,770
<RECEIVABLES>                               13,670,201
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           169,819
<TOTAL-ASSETS>                             925,129,815
<PAYABLE-FOR-SECURITIES>                     5,167,831
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      997,814
<TOTAL-LIABILITIES>                          6,165,645
<SENIOR-EQUITY>                             52,808,914
<PAID-IN-CAPITAL-COMMON>                   643,968,095
<SHARES-COMMON-STOCK>                       43,534,425
<SHARES-COMMON-PRIOR>                       38,293,331
<ACCUMULATED-NII-CURRENT>                    2,679,369
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     46,172,729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   173,335,063
<NET-ASSETS>                               757,702,810
<DIVIDEND-INCOME>                           11,940,509
<INTEREST-INCOME>                              337,638
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,785,241
<NET-INVESTMENT-INCOME>                      7,492,906
<REALIZED-GAINS-CURRENT>                    46,618,042
<APPREC-INCREASE-CURRENT>                   45,777,385
<NET-CHANGE-FROM-OPS>                       99,888,333
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    7,463,087
<DISTRIBUTIONS-OF-GAINS>                    70,806,628
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,310,965
<NUMBER-OF-SHARES-REDEEMED>                  3,913,505
<SHARES-REINVESTED>                          4,843,634
<NET-CHANGE-IN-ASSETS>                     141,035,871
<ACCUMULATED-NII-PRIOR>                      3,767,296
<ACCUMULATED-GAINS-PRIOR>                   81,997,660
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,419,879
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,785,241
<AVERAGE-NET-ASSETS>                       695,046,122
<PER-SHARE-NAV-BEGIN>                           17.520
<PER-SHARE-NII>                                   .150
<PER-SHARE-GAIN-APPREC>                          1.770
<PER-SHARE-DIVIDEND>                              .190
<PER-SHARE-DISTRIBUTIONS>                        1.850
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             17.400
<EXPENSE-RATIO>                                  1.120
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 022
   <NAME> DECATUR TOTAL RETURN FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      737,422,707
<INVESTMENTS-AT-VALUE>                     910,757,770
<RECEIVABLES>                               13,670,201
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           169,819
<TOTAL-ASSETS>                             925,129,815
<PAYABLE-FOR-SECURITIES>                     5,167,831
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      997,814
<TOTAL-LIABILITIES>                          6,165,645
<SENIOR-EQUITY>                             52,808,914
<PAID-IN-CAPITAL-COMMON>                   643,968,095
<SHARES-COMMON-STOCK>                        5,067,049
<SHARES-COMMON-PRIOR>                        3,061,684
<ACCUMULATED-NII-CURRENT>                    2,679,369
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     46,172,729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   173,335,063
<NET-ASSETS>                                88,041,024
<DIVIDEND-INCOME>                           11,940,509
<INTEREST-INCOME>                              337,638
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,785,241
<NET-INVESTMENT-INCOME>                      7,492,906
<REALIZED-GAINS-CURRENT>                    46,618,042
<APPREC-INCREASE-CURRENT>                   45,777,385
<NET-CHANGE-FROM-OPS>                       99,888,333
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      369,393
<DISTRIBUTIONS-OF-GAINS>                     5,885,390
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,893,544
<NUMBER-OF-SHARES-REDEEMED>                    273,501
<SHARES-REINVESTED>                            385,322
<NET-CHANGE-IN-ASSETS>                     141,035,871
<ACCUMULATED-NII-PRIOR>                      3,767,296
<ACCUMULATED-GAINS-PRIOR>                   81,997,660
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,419,879
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,785,241
<AVERAGE-NET-ASSETS>                        67,900,561
<PER-SHARE-NAV-BEGIN>                           17.460
<PER-SHARE-NII>                                   .100
<PER-SHARE-GAIN-APPREC>                          1.770
<PER-SHARE-DIVIDEND>                              .100
<PER-SHARE-DISTRIBUTIONS>                        1.850
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             17.380
<EXPENSE-RATIO>                                  1.820
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 023
   <NAME> DECATUR TOTAL RETURN FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      737,422,707
<INVESTMENTS-AT-VALUE>                     910,757,770
<RECEIVABLES>                               13,670,201
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           169,819
<TOTAL-ASSETS>                             925,129,815
<PAYABLE-FOR-SECURITIES>                     5,167,831
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      997,814
<TOTAL-LIABILITIES>                          6,165,645
<SENIOR-EQUITY>                             52,808,914
<PAID-IN-CAPITAL-COMMON>                   643,968,095
<SHARES-COMMON-STOCK>                          864,902
<SHARES-COMMON-PRIOR>                          435,461
<ACCUMULATED-NII-CURRENT>                    2,679,369
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     46,172,729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   173,335,063
<NET-ASSETS>                                14,999,285
<DIVIDEND-INCOME>                           11,940,509
<INTEREST-INCOME>                              337,638
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,785,241
<NET-INVESTMENT-INCOME>                      7,492,906
<REALIZED-GAINS-CURRENT>                    46,618,042
<APPREC-INCREASE-CURRENT>                   45,777,385
<NET-CHANGE-FROM-OPS>                       99,888,333
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       54,936
<DISTRIBUTIONS-OF-GAINS>                       833,086
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        411,352
<NUMBER-OF-SHARES-REDEEMED>                     38,863
<SHARES-REINVESTED>                             56,952
<NET-CHANGE-IN-ASSETS>                     141,035,871
<ACCUMULATED-NII-PRIOR>                      3,767,296
<ACCUMULATED-GAINS-PRIOR>                   81,997,660
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,419,879
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,785,241
<AVERAGE-NET-ASSETS>                        10,423,277
<PER-SHARE-NAV-BEGIN>                           17.430
<PER-SHARE-NII>                                   .100
<PER-SHARE-GAIN-APPREC>                          1.760
<PER-SHARE-DIVIDEND>                              .100
<PER-SHARE-DISTRIBUTIONS>                        1.850
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             17.340
<EXPENSE-RATIO>                                  1.820
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 024
   <NAME> DECATUR TOTAL RETURN FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      737,422,707
<INVESTMENTS-AT-VALUE>                     910,757,770
<RECEIVABLES>                               13,670,201
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           169,819
<TOTAL-ASSETS>                             925,129,815
<PAYABLE-FOR-SECURITIES>                     5,167,831
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      997,814
<TOTAL-LIABILITIES>                          6,165,645
<SENIOR-EQUITY>                             52,808,914
<PAID-IN-CAPITAL-COMMON>                   643,968,095
<SHARES-COMMON-STOCK>                        3,342,538
<SHARES-COMMON-PRIOR>                        2,616,053
<ACCUMULATED-NII-CURRENT>                    2,679,369
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     46,172,729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   173,335,063
<NET-ASSETS>                                58,221,051
<DIVIDEND-INCOME>                           11,940,509
<INTEREST-INCOME>                              337,638
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,785,241
<NET-INVESTMENT-INCOME>                      7,492,906
<REALIZED-GAINS-CURRENT>                    46,618,042
<APPREC-INCREASE-CURRENT>                   45,777,385
<NET-CHANGE-FROM-OPS>                       99,888,333
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      693,417
<DISTRIBUTIONS-OF-GAINS>                     4,917,869
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        661,203
<NUMBER-OF-SHARES-REDEEMED>                    298,546
<SHARES-REINVESTED>                            363,828
<NET-CHANGE-IN-ASSETS>                     141,035,871
<ACCUMULATED-NII-PRIOR>                      3,767,296
<ACCUMULATED-GAINS-PRIOR>                   81,997,660
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,419,879
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,785,241
<AVERAGE-NET-ASSETS>                        50,340,698
<PER-SHARE-NAV-BEGIN>                           17.570
<PER-SHARE-NII>                                   .180
<PER-SHARE-GAIN-APPREC>                          1.770
<PER-SHARE-DIVIDEND>                              .250
<PER-SHARE-DISTRIBUTIONS>                        1.850
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             17.420
<EXPENSE-RATIO>                                  0.820
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 031
   <NAME> BLUE CHIP FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        3,030,612
<INVESTMENTS-AT-VALUE>                       3,132,151
<RECEIVABLES>                                  276,990
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                             1,481
<TOTAL-ASSETS>                               3,410,623
<PAYABLE-FOR-SECURITIES>                       299,323
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        7,117
<TOTAL-LIABILITIES>                            306,440
<SENIOR-EQUITY>                                356,065
<PAID-IN-CAPITAL-COMMON>                     2,647,669
<SHARES-COMMON-STOCK>                          114,425
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        6,002
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (7,092)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       101,539
<NET-ASSETS>                                   997,220
<DIVIDEND-INCOME>                               10,869
<INTEREST-INCOME>                                2,249
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   7,116
<NET-INVESTMENT-INCOME>                          6,002
<REALIZED-GAINS-CURRENT>                       (7,092)
<APPREC-INCREASE-CURRENT>                      101,539
<NET-CHANGE-FROM-OPS>                          100,449
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        117,786
<NUMBER-OF-SHARES-REDEEMED>                      3,361
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       3,104,183
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,517
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 10,953
<AVERAGE-NET-ASSETS>                           354,001
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.021
<PER-SHARE-GAIN-APPREC>                          0.199
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.720
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 032
   <NAME> BLUE CHIP FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        3,030,612
<INVESTMENTS-AT-VALUE>                       3,132,151
<RECEIVABLES>                                  276,990
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                             1,481
<TOTAL-ASSETS>                               3,410,623
<PAYABLE-FOR-SECURITIES>                       299,323
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        7,117
<TOTAL-LIABILITIES>                            306,440
<SENIOR-EQUITY>                                356,065
<PAID-IN-CAPITAL-COMMON>                     2,647,669
<SHARES-COMMON-STOCK>                           48,922
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        6,002
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (7,092)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       101,539
<NET-ASSETS>                                   425,831
<DIVIDEND-INCOME>                               10,869
<INTEREST-INCOME>                                2,249
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   7,116
<NET-INVESTMENT-INCOME>                          6,002
<REALIZED-GAINS-CURRENT>                       (7,092)
<APPREC-INCREASE-CURRENT>                      101,539
<NET-CHANGE-FROM-OPS>                          100,449
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         55,338
<NUMBER-OF-SHARES-REDEEMED>                      6,416
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       3,104,183
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,517
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 10,953
<AVERAGE-NET-ASSETS>                           205,994
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.007
<PER-SHARE-GAIN-APPREC>                          0.193
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.700
<EXPENSE-RATIO>                                   2.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 033
   <NAME> BLUE CHIP FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        3,030,612
<INVESTMENTS-AT-VALUE>                       3,132,151
<RECEIVABLES>                                  276,990
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                             1,481
<TOTAL-ASSETS>                               3,410,623
<PAYABLE-FOR-SECURITIES>                       299,323
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        7,117
<TOTAL-LIABILITIES>                            306,440
<SENIOR-EQUITY>                                356,065
<PAID-IN-CAPITAL-COMMON>                     2,647,669
<SHARES-COMMON-STOCK>                            7,298
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        6,002
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (7,092)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       101,539
<NET-ASSETS>                                    63,546
<DIVIDEND-INCOME>                               10,869
<INTEREST-INCOME>                                2,249
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   7,116
<NET-INVESTMENT-INCOME>                          6,002
<REALIZED-GAINS-CURRENT>                       (7,092)
<APPREC-INCREASE-CURRENT>                      101,539
<NET-CHANGE-FROM-OPS>                          100,449
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          7,307
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       3,104,183
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,517
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 10,953
<AVERAGE-NET-ASSETS>                            24,284
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.000
<PER-SHARE-GAIN-APPREC>                          0.210
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.710
<EXPENSE-RATIO>                                   2.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 034
   <NAME> BLUE CHIP FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        3,030,612
<INVESTMENTS-AT-VALUE>                       3,132,151
<RECEIVABLES>                                  276,990
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                             1,481
<TOTAL-ASSETS>                               3,410,623
<PAYABLE-FOR-SECURITIES>                       299,323
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        7,117
<TOTAL-LIABILITIES>                            306,440
<SENIOR-EQUITY>                                356,065
<PAID-IN-CAPITAL-COMMON>                     2,647,669
<SHARES-COMMON-STOCK>                          185,420
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        6,002
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (7,092)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       101,539
<NET-ASSETS>                                 1,617,586
<DIVIDEND-INCOME>                               10,869
<INTEREST-INCOME>                                2,249
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   7,116
<NET-INVESTMENT-INCOME>                          6,002
<REALIZED-GAINS-CURRENT>                       (7,092)
<APPREC-INCREASE-CURRENT>                      101,539
<NET-CHANGE-FROM-OPS>                          100,449
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        185,420
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       3,104,183
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,517
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 10,953
<AVERAGE-NET-ASSETS>                         1,485,740
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.028
<PER-SHARE-GAIN-APPREC>                          0.192
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.720
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 041
   <NAME> QUANTUM FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        5,624,946
<INVESTMENTS-AT-VALUE>                       5,912,707
<RECEIVABLES>                                  316,434
<ASSETS-OTHER>                                     159
<OTHER-ITEMS-ASSETS>                             1,085
<TOTAL-ASSETS>                               6,230,385
<PAYABLE-FOR-SECURITIES>                       224,989
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       13,800
<TOTAL-LIABILITIES>                            238,789
<SENIOR-EQUITY>                                683,990
<PAID-IN-CAPITAL-COMMON>                     5,032,979
<SHARES-COMMON-STOCK>                          267,177
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        3,985
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (17,119)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       287,761
<NET-ASSETS>                                 2,341,521
<DIVIDEND-INCOME>                               13,690
<INTEREST-INCOME>                                4,095
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  13,800
<NET-INVESTMENT-INCOME>                          3,985
<REALIZED-GAINS-CURRENT>                      (17,119)
<APPREC-INCREASE-CURRENT>                      287,761
<NET-CHANGE-FROM-OPS>                          274,627
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        274,602
<NUMBER-OF-SHARES-REDEEMED>                      7,425
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       5,991,596
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            6,904
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 20,749
<AVERAGE-NET-ASSETS>                         1,217,018
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.010
<PER-SHARE-GAIN-APPREC>                          0.250
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.760
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 042
   <NAME> QUANTUM FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        5,624,946
<INVESTMENTS-AT-VALUE>                       5,912,707
<RECEIVABLES>                                  316,434
<ASSETS-OTHER>                                     159
<OTHER-ITEMS-ASSETS>                             1,085
<TOTAL-ASSETS>                               6,230,385
<PAYABLE-FOR-SECURITIES>                       224,989
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       13,800
<TOTAL-LIABILITIES>                            238,789
<SENIOR-EQUITY>                                683,990
<PAID-IN-CAPITAL-COMMON>                     5,032,979
<SHARES-COMMON-STOCK>                          200,908
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        3,985
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (17,119)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       287,761
<NET-ASSETS>                                 1,757,416
<DIVIDEND-INCOME>                               13,690
<INTEREST-INCOME>                                4,095
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  13,800
<NET-INVESTMENT-INCOME>                          3,985
<REALIZED-GAINS-CURRENT>                      (17,119)
<APPREC-INCREASE-CURRENT>                      287,761
<NET-CHANGE-FROM-OPS>                          274,627
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        201,988
<NUMBER-OF-SHARES-REDEEMED>                      1,080
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       5,991,596
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            6,904
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 20,749
<AVERAGE-NET-ASSETS>                           722,172
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                (0.004)
<PER-SHARE-GAIN-APPREC>                          0.254
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.750
<EXPENSE-RATIO>                                   2.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 043
   <NAME> QUANTUM FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        5,624,946
<INVESTMENTS-AT-VALUE>                       5,912,707
<RECEIVABLES>                                  316,434
<ASSETS-OTHER>                                     159
<OTHER-ITEMS-ASSETS>                             1,085
<TOTAL-ASSETS>                               6,230,385
<PAYABLE-FOR-SECURITIES>                       224,989
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       13,800
<TOTAL-LIABILITIES>                            238,789
<SENIOR-EQUITY>                                683,990
<PAID-IN-CAPITAL-COMMON>                     5,032,979
<SHARES-COMMON-STOCK>                           32,058
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        3,985
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (17,119)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       287,761
<NET-ASSETS>                                   280,479
<DIVIDEND-INCOME>                               13,690
<INTEREST-INCOME>                                4,095
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  13,800
<NET-INVESTMENT-INCOME>                          3,985
<REALIZED-GAINS-CURRENT>                      (17,119)
<APPREC-INCREASE-CURRENT>                      287,761
<NET-CHANGE-FROM-OPS>                          274,627
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         32,063
<NUMBER-OF-SHARES-REDEEMED>                          5
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       5,991,596
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            6,904
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 20,749
<AVERAGE-NET-ASSETS>                           103,537
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                (0.004)
<PER-SHARE-GAIN-APPREC>                          0.254
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.750
<EXPENSE-RATIO>                                   2.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 044
   <NAME> QUANTUM FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                        5,624,946
<INVESTMENTS-AT-VALUE>                       5,912,707
<RECEIVABLES>                                  316,434
<ASSETS-OTHER>                                     159
<OTHER-ITEMS-ASSETS>                             1,085
<TOTAL-ASSETS>                               6,230,385
<PAYABLE-FOR-SECURITIES>                       224,989
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       13,800
<TOTAL-LIABILITIES>                            238,789
<SENIOR-EQUITY>                                683,990
<PAID-IN-CAPITAL-COMMON>                     5,032,979
<SHARES-COMMON-STOCK>                          183,847
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        3,985
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (17,119)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       287,761
<NET-ASSETS>                                 1,612,180
<DIVIDEND-INCOME>                               13,690
<INTEREST-INCOME>                                4,095
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  13,800
<NET-INVESTMENT-INCOME>                          3,985
<REALIZED-GAINS-CURRENT>                      (17,119)
<APPREC-INCREASE-CURRENT>                      287,761
<NET-CHANGE-FROM-OPS>                          274,627
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        184,099
<NUMBER-OF-SHARES-REDEEMED>                        252
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       5,991,596
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            6,904
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 20,749
<AVERAGE-NET-ASSETS>                         1,481,638
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.016
<PER-SHARE-GAIN-APPREC>                          0.254
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.770
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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