DELAWARE GROUP EQUITY FUNDS II INC
NSAR-A, 1998-07-20
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<PAGE>      PAGE  1
000 A000000 05/31/98
000 C000000 0000027574
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0.a
000 J000000 A
001 A000000 DELAWARE GROUP EQUITY FUNDS II, INC.
001 B000000 811-750
001 C000000 2152552127
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
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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 SOCIAL AWARENESS FUND
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<PAGE>      PAGE  2
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SIGNATURE   DONNA D. BRYEN                               
TITLE       ASSISTANT VP        
 


<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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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027574
<NAME> DELAWARE GROUP EQUITY FUNDS II, INC.
<SERIES>
   <NUMBER> 012
   <NAME> DECATUR INCOME FUND B CLASS
       
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,013,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,455,417
<AVERAGE-NET-ASSETS>                       145,381,553     
<PER-SHARE-NAV-BEGIN>                           22.480
<PER-SHARE-NII>                                   .200
<PER-SHARE-GAIN-APPREC>                          2.220
<PER-SHARE-DIVIDEND>                               .14
<PER-SHARE-DISTRIBUTIONS>                         3.07
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.67
<EXPENSE-RATIO>                                   1.70
<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-30-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                    2,135,368,096
<INVESTMENTS-AT-VALUE>                   2,530,824,891
<RECEIVABLES>                               70,534,673
<ASSETS-OTHER>                                 239,022
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,601,598,586
<PAYABLE-FOR-SECURITIES>                    64,583,017
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,876,901
<TOTAL-LIABILITIES>                         68,459,918
<SENIOR-EQUITY>                            116,455,815
<PAID-IN-CAPITAL-COMMON>                 1,797,754,144
<SHARES-COMMON-STOCK>                          986,419
<SHARES-COMMON-PRIOR>                          679,849
<ACCUMULATED-NII-CURRENT>                    4,318,862
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    219,153,052
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   395,456,795
<NET-ASSETS>                                21,477,456
<DIVIDEND-INCOME>                           27,415,954
<INTEREST-INCOME>                           15,898,650
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              11,455,417
<NET-INVESTMENT-INCOME>                     31,859,187
<REALIZED-GAINS-CURRENT>                   225,129,742
<APPREC-INCREASE-CURRENT>                   31,776,591
<NET-CHANGE-FROM-OPS>                      288,765,520
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      122,746
<DISTRIBUTIONS-OF-GAINS>                     2,124,083
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        258,955
<NUMBER-OF-SHARES-REDEEMED>                     54,352
<SHARES-REINVESTED>                            101,967
<NET-CHANGE-IN-ASSETS>                     209,504,482
<ACCUMULATED-NII-PRIOR>                        391,818
<ACCUMULATED-GAINS-PRIOR>                  311,149,200
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,013,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,455,417
<AVERAGE-NET-ASSETS>                        18,521,419
<PER-SHARE-NAV-BEGIN>                           22.578
<PER-SHARE-NII>                                   .200
<PER-SHARE-GAIN-APPREC>                          2.210
<PER-SHARE-DIVIDEND>                               .14
<PER-SHARE-DISTRIBUTIONS>                         3.07
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.77
<EXPENSE-RATIO>                                   1.70
<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-30-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                    2,135,368,096
<INVESTMENTS-AT-VALUE>                   2,530,824,891
<RECEIVABLES>                               70,534,673
<ASSETS-OTHER>                                 239,022
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,601,598,586
<PAYABLE-FOR-SECURITIES>                    64,583,017
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,876,901
<TOTAL-LIABILITIES>                         68,459,918
<SENIOR-EQUITY>                            116,455,815
<PAID-IN-CAPITAL-COMMON>                 1,797,754,144
<SHARES-COMMON-STOCK>                       13,182,995
<SHARES-COMMON-PRIOR>                       12,335,450
<ACCUMULATED-NII-CURRENT>                    4,318,862
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    219,153,052
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   395,456,795
<NET-ASSETS>                               286,770,757
<DIVIDEND-INCOME>                           27,415,954
<INTEREST-INCOME>                           15,898,650
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              11,455,417
<NET-INVESTMENT-INCOME>                     31,859,187
<REALIZED-GAINS-CURRENT>                   225,129,742
<APPREC-INCREASE-CURRENT>                   31,776,591
<NET-CHANGE-FROM-OPS>                      288,765,520
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    3,557,213
<DISTRIBUTIONS-OF-GAINS>                    39,093,334
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,459,044
<NUMBER-OF-SHARES-REDEEMED>                  2,743,416
<SHARES-REINVESTED>                          2,131,917
<NET-CHANGE-IN-ASSETS>                     209,504,482
<ACCUMULATED-NII-PRIOR>                        391,818
<ACCUMULATED-GAINS-PRIOR>                  311,149,200
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,013,232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,455,417
<AVERAGE-NET-ASSETS>                       289,583,877
<PER-SHARE-NAV-BEGIN>                           22.570
<PER-SHARE-NII>                                   .310
<PER-SHARE-GAIN-APPREC>                          2.205
<PER-SHARE-DIVIDEND>                              .265
<PER-SHARE-DISTRIBUTIONS>                         3.07
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.75
<EXPENSE-RATIO>                                    .70
<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-30-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                    1,123,914,225
<INVESTMENTS-AT-VALUE>                   1,366,627,618
<RECEIVABLES>                               24,282,629
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           136,643
<TOTAL-ASSETS>                           1,391,049,915
<PAYABLE-FOR-SECURITIES>                    24,310,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,046,844
<TOTAL-LIABILITIES>                         25,357,690
<SENIOR-EQUITY>                             70,668,654
<PAID-IN-CAPITAL-COMMON>                   951,934,631
<SHARES-COMMON-STOCK>                       52,133,097
<SHARES-COMMON-PRIOR>                       44,910,638
<ACCUMULATED-NII-CURRENT>                    3,884,613
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     96,490,934
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   242,713,393
<NET-ASSETS>                             1,007,869,251
<DIVIDEND-INCOME>                           15,860,458
<INTEREST-INCOME>                              681,645
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,720,053
<NET-INVESTMENT-INCOME>                      8,822,050
<REALIZED-GAINS-CURRENT>                    98,977,944
<APPREC-INCREASE-CURRENT>                   42,100,770
<NET-CHANGE-FROM-OPS>                      149,900,764
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    5,804,986
<DISTRIBUTIONS-OF-GAINS>                    93,764,367
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,070,644
<NUMBER-OF-SHARES-REDEEMED>                  4,301,890
<SHARES-REINVESTED>                          5,453,705
<NET-CHANGE-IN-ASSETS>                     261,055,866
<ACCUMULATED-NII-PRIOR>                      2,149,193
<ACCUMULATED-GAINS-PRIOR>                  117,966,283
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,449,892
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,046,581
<AVERAGE-NET-ASSETS>                       958,995,139
<PER-SHARE-NAV-BEGIN>                           19.230
<PER-SHARE-NII>                                  0.138
<PER-SHARE-GAIN-APPREC>                          2.162
<PER-SHARE-DIVIDEND>                             0.120
<PER-SHARE-DISTRIBUTIONS>                        2.080
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             19.330
<EXPENSE-RATIO>                                   1.14
<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 B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                    1,123,914,225
<INVESTMENTS-AT-VALUE>                   1,366,627,618
<RECEIVABLES>                               24,282,629
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           136,643
<TOTAL-ASSETS>                           1,391,049,915
<PAYABLE-FOR-SECURITIES>                    24,310,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,046,844
<TOTAL-LIABILITIES>                         25,357,690
<SENIOR-EQUITY>                             70,668,654
<PAID-IN-CAPITAL-COMMON>                   951,934,631
<SHARES-COMMON-STOCK>                       10,229,239
<SHARES-COMMON-PRIOR>                        7,071,278
<ACCUMULATED-NII-CURRENT>                    3,884,613
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     96,490,934
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   242,713,393
<NET-ASSETS>                               197,319,405
<DIVIDEND-INCOME>                           15,860,458
<INTEREST-INCOME>                              681,645
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,720,053
<NET-INVESTMENT-INCOME>                      8,822,050
<REALIZED-GAINS-CURRENT>                    98,977,944
<APPREC-INCREASE-CURRENT>                   42,100,770
<NET-CHANGE-FROM-OPS>                      149,900,764
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      424,756
<DISTRIBUTIONS-OF-GAINS>                    15,007,510
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,736,839
<NUMBER-OF-SHARES-REDEEMED>                    421,587
<SHARES-REINVESTED>                            842,709          
<NET-CHANGE-IN-ASSETS>                     261,055,866      
<ACCUMULATED-NII-PRIOR>                      2,149,193
<ACCUMULATED-GAINS-PRIOR>                  117,966,283
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,449,892
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,046,581
<AVERAGE-NET-ASSETS>                       168,155,287
<PER-SHARE-NAV-BEGIN>                           19.200
<PER-SHARE-NII>                                  0.076
<PER-SHARE-GAIN-APPREC>                          2.147
<PER-SHARE-DIVIDEND>                             0.053
<PER-SHARE-DISTRIBUTIONS>                        2.080
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             19.290
<EXPENSE-RATIO>                                   1.84
<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-30-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                    1,123,914,225
<INVESTMENTS-AT-VALUE>                   1,366,627,618
<RECEIVABLES>                               24,282,629
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           136,643
<TOTAL-ASSETS>                           1,391,049,915
<PAYABLE-FOR-SECURITIES>                    24,310,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,046,844
<TOTAL-LIABILITIES>                         25,357,690
<SENIOR-EQUITY>                             70,668,654
<PAID-IN-CAPITAL-COMMON>                   951,934,631
<SHARES-COMMON-STOCK>                        2,216,686
<SHARES-COMMON-PRIOR>                        1,368,977
<ACCUMULATED-NII-CURRENT>                    3,884,613
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     96,490,934
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   242,713,393
<NET-ASSETS>                                42,675,600
<DIVIDEND-INCOME>                           15,860,458
<INTEREST-INCOME>                              681,645
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,720,053
<NET-INVESTMENT-INCOME>                      8,822,050
<REALIZED-GAINS-CURRENT>                    98,977,944
<APPREC-INCREASE-CURRENT>                   42,100,770
<NET-CHANGE-FROM-OPS>                      149,900,764
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       85,273
<DISTRIBUTIONS-OF-GAINS>                     2,946,080
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        784,020
<NUMBER-OF-SHARES-REDEEMED>                    106,295
<SHARES-REINVESTED>                            169,984
<NET-CHANGE-IN-ASSETS>                     261,055,866
<ACCUMULATED-NII-PRIOR>                      2,149,193
<ACCUMULATED-GAINS-PRIOR>                  117,966,283
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,449,892
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,046,581
<AVERAGE-NET-ASSETS>                        34,492,411
<PER-SHARE-NAV-BEGIN>                           19.160
<PER-SHARE-NII>                                  0.077
<PER-SHARE-GAIN-APPREC>                          2.146
<PER-SHARE-DIVIDEND>                             0.053
<PER-SHARE-DISTRIBUTIONS>                        2.080
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             19.250
<EXPENSE-RATIO>                                   1.84
<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-30-1998
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                    1,123,914,225
<INVESTMENTS-AT-VALUE>                   1,366,627,618
<RECEIVABLES>                               24,282,629
<ASSETS-OTHER>                                   3,025
<OTHER-ITEMS-ASSETS>                           136,643
<TOTAL-ASSETS>                           1,391,049,915
<PAYABLE-FOR-SECURITIES>                    24,310,846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,046,844
<TOTAL-LIABILITIES>                         25,357,690
<SENIOR-EQUITY>                             70,668,654
<PAID-IN-CAPITAL-COMMON>                   951,934,631
<SHARES-COMMON-STOCK>                        6,089,632
<SHARES-COMMON-PRIOR>                        4,092,211
<ACCUMULATED-NII-CURRENT>                    3,884,613
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     96,490,934
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   242,713,393
<NET-ASSETS>                               117,827,969
<DIVIDEND-INCOME>                           15,860,458
<INTEREST-INCOME>                              681,645
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,720,053
<NET-INVESTMENT-INCOME>                      8,822,050
<REALIZED-GAINS-CURRENT>                    98,977,944
<APPREC-INCREASE-CURRENT>                   42,100,770
<NET-CHANGE-FROM-OPS>                      149,900,764
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      771,615
<DISTRIBUTIONS-OF-GAINS>                     8,735,336
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,912,856
<NUMBER-OF-SHARES-REDEEMED>                    459,961
<SHARES-REINVESTED>                            544,526
<NET-CHANGE-IN-ASSETS>                     261,055,866
<ACCUMULATED-NII-PRIOR>                      2,149,193
<ACCUMULATED-GAINS-PRIOR>                  117,966,283
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,449,892
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             11,046,581
<AVERAGE-NET-ASSETS>                       101,159,174
<PER-SHARE-NAV-BEGIN>                           19.260
<PER-SHARE-NII>                                  0.174
<PER-SHARE-GAIN-APPREC>                          2.154
<PER-SHARE-DIVIDEND>                             0.158
<PER-SHARE-DISTRIBUTIONS>                        2.080
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             19.350
<EXPENSE-RATIO>                                   0.84
<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>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        9,471,183
<INVESTMENTS-AT-VALUE>                      10,841,947
<RECEIVABLES>                                  175,023
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,016,970
<PAYABLE-FOR-SECURITIES>                        37,913
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      149,753
<TOTAL-LIABILITIES>                            187,666
<SENIOR-EQUITY>                                952,415
<PAID-IN-CAPITAL-COMMON>                     8,571,732
<SHARES-COMMON-STOCK>                          390,543
<SHARES-COMMON-PRIOR>                          230,715
<ACCUMULATED-NII-CURRENT>                        6,362
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (71,969)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,370,764
<NET-ASSETS>                                 4,269,064
<DIVIDEND-INCOME>                               64,950
<INTEREST-INCOME>                               12,414
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  64,970
<NET-INVESTMENT-INCOME>                         12,394
<REALIZED-GAINS-CURRENT>                      (72,531)
<APPREC-INCREASE-CURRENT>                      805,795
<NET-CHANGE-FROM-OPS>                          745,658
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       22,188
<DISTRIBUTIONS-OF-GAINS>                         6,194
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        185,871
<NUMBER-OF-SHARES-REDEEMED>                     27,249
<SHARES-REINVESTED>                              1,205
<NET-CHANGE-IN-ASSETS>                       5,040,571
<ACCUMULATED-NII-PRIOR>                         16,156
<ACCUMULATED-GAINS-PRIOR>                        6,756
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           26,115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 90,516
<AVERAGE-NET-ASSETS>                         8,041,044
<PER-SHARE-NAV-BEGIN>                             9.85
<PER-SHARE-NII>                                  0.023
<PER-SHARE-GAIN-APPREC>                          1.107
<PER-SHARE-DIVIDEND>                             0.040
<PER-SHARE-DISTRIBUTIONS>                        0.010
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.93
<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>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        9,471,183
<INVESTMENTS-AT-VALUE>                      10,841,947
<RECEIVABLES>                                  175,023
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,016,970
<PAYABLE-FOR-SECURITIES>                        37,913
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      149,753
<TOTAL-LIABILITIES>                            187,666
<SENIOR-EQUITY>                                952,415
<PAID-IN-CAPITAL-COMMON>                     8,571,732
<SHARES-COMMON-STOCK>                          275,100
<SHARES-COMMON-PRIOR>                          147,357
<ACCUMULATED-NII-CURRENT>                        6,362
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (71,969)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,370,764
<NET-ASSETS>                                 4,269,064
<DIVIDEND-INCOME>                               64,950
<INTEREST-INCOME>                               12,414
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  64,970
<NET-INVESTMENT-INCOME>                         12,394
<REALIZED-GAINS-CURRENT>                      (72,531)
<APPREC-INCREASE-CURRENT>                      805,795
<NET-CHANGE-FROM-OPS>                          745,658
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       22,188
<DISTRIBUTIONS-OF-GAINS>                         6,194
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        135,639
<NUMBER-OF-SHARES-REDEEMED>                      8,051
<SHARES-REINVESTED>                                155
<NET-CHANGE-IN-ASSETS>                       5,040,571
<ACCUMULATED-NII-PRIOR>                         16,156
<ACCUMULATED-GAINS-PRIOR>                        6,756
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           26,115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 90,516
<AVERAGE-NET-ASSETS>                         8,041,044
<PER-SHARE-NAV-BEGIN>                             9.80
<PER-SHARE-NII>                                 (0.014)
<PER-SHARE-GAIN-APPREC>                          1.104
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.010
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.88
<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>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        9,471,183
<INVESTMENTS-AT-VALUE>                      10,841,947
<RECEIVABLES>                                  175,023
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,016,970
<PAYABLE-FOR-SECURITIES>                        37,913
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      149,753
<TOTAL-LIABILITIES>                            187,666
<SENIOR-EQUITY>                                952,415
<PAID-IN-CAPITAL-COMMON>                     8,571,732
<SHARES-COMMON-STOCK>                           64,339
<SHARES-COMMON-PRIOR>                           24,406
<ACCUMULATED-NII-CURRENT>                        6,362
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (71,969)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,370,764
<NET-ASSETS>                                 4,269,064
<DIVIDEND-INCOME>                               64,950
<INTEREST-INCOME>                               12,414
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  64,970
<NET-INVESTMENT-INCOME>                         12,394
<REALIZED-GAINS-CURRENT>                      (72,531)
<APPREC-INCREASE-CURRENT>                      805,795
<NET-CHANGE-FROM-OPS>                          745,658
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       22,188
<DISTRIBUTIONS-OF-GAINS>                         6,194
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         40,229
<NUMBER-OF-SHARES-REDEEMED>                        322
<SHARES-REINVESTED>                                 26
<NET-CHANGE-IN-ASSETS>                       5,040,571
<ACCUMULATED-NII-PRIOR>                         16,156
<ACCUMULATED-GAINS-PRIOR>                        6,756
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           26,115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 90,516
<AVERAGE-NET-ASSETS>                         8,041,044
<PER-SHARE-NAV-BEGIN>                             9.80
<PER-SHARE-NII>                                 (0.014)
<PER-SHARE-GAIN-APPREC>                          1.104
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.010
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.88
<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>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        9,471,183
<INVESTMENTS-AT-VALUE>                      10,841,947
<RECEIVABLES>                                  175,023
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,016,970
<PAYABLE-FOR-SECURITIES>                        37,913
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      149,753
<TOTAL-LIABILITIES>                            187,666
<SENIOR-EQUITY>                                952,415
<PAID-IN-CAPITAL-COMMON>                     8,571,732
<SHARES-COMMON-STOCK>                          261,981
<SHARES-COMMON-PRIOR>                          185,828
<ACCUMULATED-NII-CURRENT>                        6,362
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (71,969)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,370,764
<NET-ASSETS>                                 4,269,064
<DIVIDEND-INCOME>                               64,950
<INTEREST-INCOME>                               12,414
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  64,970
<NET-INVESTMENT-INCOME>                         12,394
<REALIZED-GAINS-CURRENT>                      (72,531)
<APPREC-INCREASE-CURRENT>                      805,795
<NET-CHANGE-FROM-OPS>                          745,658
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       22,188
<DISTRIBUTIONS-OF-GAINS>                         6,194
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        121,904
<NUMBER-OF-SHARES-REDEEMED>                     47,179
<SHARES-REINVESTED>                              1,429
<NET-CHANGE-IN-ASSETS>                       5,040,571
<ACCUMULATED-NII-PRIOR>                         16,156
<ACCUMULATED-GAINS-PRIOR>                        6,756
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           26,115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 90,516
<AVERAGE-NET-ASSETS>                         8,041,044
<PER-SHARE-NAV-BEGIN>                             9.87
<PER-SHARE-NII>                                  0.039
<PER-SHARE-GAIN-APPREC>                          1.111
<PER-SHARE-DIVIDEND>                             0.070
<PER-SHARE-DISTRIBUTIONS>                        0.010
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.94
<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> SOCIAL AWARENESS FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                       41,095,899
<INVESTMENTS-AT-VALUE>                      46,149,866
<RECEIVABLES>                                  975,256
<ASSETS-OTHER>                                   1,119
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              47,126,241
<PAYABLE-FOR-SECURITIES>                       990,203
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      334,233
<TOTAL-LIABILITIES>                          1,324,435
<SENIOR-EQUITY>                              4,085,824
<PAID-IN-CAPITAL-COMMON>                    36,772,413
<SHARES-COMMON-STOCK>                        1,914,861
<SHARES-COMMON-PRIOR>                          882,002
<ACCUMULATED-NII-CURRENT>                     (33,925)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (284,606)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,082,066
<NET-ASSETS>                                45,801,805
<DIVIDEND-INCOME>                              185,909
<INTEREST-INCOME>                               49,425
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 269,259
<NET-INVESTMENT-INCOME>                       (33,925)
<REALIZED-GAINS-CURRENT>                     (284,606)
<APPREC-INCREASE-CURRENT>                    3,082,066
<NET-CHANGE-FROM-OPS>                        2,763,535
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        75,244
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,164,955
<NUMBER-OF-SHARES-REDEEMED>                    135,580
<SHARES-REINVESTED>                              3,485
<NET-CHANGE-IN-ASSETS>                      28,369,771
<ACCUMULATED-NII-PRIOR>                        (9,231)
<ACCUMULATED-GAINS-PRIOR>                       75,984
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          111,938
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                276,588
<AVERAGE-NET-ASSETS>                        29,876,797
<PER-SHARE-NAV-BEGIN>                            10.33
<PER-SHARE-NII>                                  0.007
<PER-SHARE-GAIN-APPREC>                          1.383
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        0.040
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.68
<EXPENSE-RATIO>                                   1.45
<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> SOCIAL AWARENESS FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                       41,095,899
<INVESTMENTS-AT-VALUE>                      46,149,866
<RECEIVABLES>                                  975,256
<ASSETS-OTHER>                                   1,119
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              47,126,241
<PAYABLE-FOR-SECURITIES>                       990,203
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      334,233
<TOTAL-LIABILITIES>                          1,324,435
<SENIOR-EQUITY>                              4,085,824
<PAID-IN-CAPITAL-COMMON>                    36,772,413
<SHARES-COMMON-STOCK>                        1,600,456
<SHARES-COMMON-PRIOR>                          673,253
<ACCUMULATED-NII-CURRENT>                     (33,925)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (284,606)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,082,066
<NET-ASSETS>                                45,801,805
<DIVIDEND-INCOME>                              185,909
<INTEREST-INCOME>                               49,425
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 269,259
<NET-INVESTMENT-INCOME>                       (33,925)
<REALIZED-GAINS-CURRENT>                     (284,606)
<APPREC-INCREASE-CURRENT>                    3,082,066
<NET-CHANGE-FROM-OPS>                        2,763,535
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        75,244
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        954,076
<NUMBER-OF-SHARES-REDEEMED>                     29,771
<SHARES-REINVESTED>                              2,897
<NET-CHANGE-IN-ASSETS>                      28,369,771
<ACCUMULATED-NII-PRIOR>                        (9,231)
<ACCUMULATED-GAINS-PRIOR>                       75,984
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          111,938
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                276,588
<AVERAGE-NET-ASSETS>                        29,876,797
<PER-SHARE-NAV-BEGIN>                            10.28
<PER-SHARE-NII>                                 (0.034)
<PER-SHARE-GAIN-APPREC>                          1.374
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        0.040
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.58
<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> SOCIAL AWARENESS FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                       41,095,899
<INVESTMENTS-AT-VALUE>                      46,149,866
<RECEIVABLES>                                  975,256
<ASSETS-OTHER>                                   1,119
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              47,126,241
<PAYABLE-FOR-SECURITIES>                       990,203
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      334,233
<TOTAL-LIABILITIES>                          1,324,435
<SENIOR-EQUITY>                              4,085,824
<PAID-IN-CAPITAL-COMMON>                    36,772,413
<SHARES-COMMON-STOCK>                          393,964
<SHARES-COMMON-PRIOR>                          125,554
<ACCUMULATED-NII-CURRENT>                     (33,925)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (284,606)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,082,066
<NET-ASSETS>                                45,801,805
<DIVIDEND-INCOME>                              185,909
<INTEREST-INCOME>                               49,425
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 269,259
<NET-INVESTMENT-INCOME>                       (33,925)
<REALIZED-GAINS-CURRENT>                     (284,606)
<APPREC-INCREASE-CURRENT>                    3,082,066
<NET-CHANGE-FROM-OPS>                        2,763,535
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        75,244
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        275,041
<NUMBER-OF-SHARES-REDEEMED>                      7,140
<SHARES-REINVESTED>                                509
<NET-CHANGE-IN-ASSETS>                      28,369,771
<ACCUMULATED-NII-PRIOR>                        (9,231)
<ACCUMULATED-GAINS-PRIOR>                       75,984
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          111,938
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                276,588
<AVERAGE-NET-ASSETS>                        29,876,797
<PER-SHARE-NAV-BEGIN>                            10.28
<PER-SHARE-NII>                                 (0.034)
<PER-SHARE-GAIN-APPREC>                          1.374
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        0.040
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.58
<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> SOCIAL AWARENESS FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                       41,095,899
<INVESTMENTS-AT-VALUE>                      46,149,866
<RECEIVABLES>                                  975,256
<ASSETS-OTHER>                                   1,119
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              47,126,241
<PAYABLE-FOR-SECURITIES>                       990,203
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      334,233
<TOTAL-LIABILITIES>                          1,324,435
<SENIOR-EQUITY>                              4,085,824
<PAID-IN-CAPITAL-COMMON>                    36,772,413
<SHARES-COMMON-STOCK>                           29,346
<SHARES-COMMON-PRIOR>                           10,355
<ACCUMULATED-NII-CURRENT>                     (33,925)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (284,606)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,082,066
<NET-ASSETS>                                45,801,805
<DIVIDEND-INCOME>                              185,909
<INTEREST-INCOME>                               49,425
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 269,259
<NET-INVESTMENT-INCOME>                       (33,925)
<REALIZED-GAINS-CURRENT>                     (284,606)
<APPREC-INCREASE-CURRENT>                    3,082,066
<NET-CHANGE-FROM-OPS>                        2,763,535
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        75,244
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         19,064
<NUMBER-OF-SHARES-REDEEMED>                        113
<SHARES-REINVESTED>                                 40
<NET-CHANGE-IN-ASSETS>                      28,369,771
<ACCUMULATED-NII-PRIOR>                        (9,231)
<ACCUMULATED-GAINS-PRIOR>                       75,984
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          111,938
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                276,588
<AVERAGE-NET-ASSETS>                        29,876,797
<PER-SHARE-NAV-BEGIN>                            10.35
<PER-SHARE-NII>                                  0.022
<PER-SHARE-GAIN-APPREC>                          1.388
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        0.040
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.72
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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