NICHOLAS II INC
NSAR-B, 1996-11-29
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<PAGE>      PAGE  1
000 B000000 09/30/96
000 C000000 0000723455
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 NICHOLAS II, INC.
001 B000000 811-3851
001 C000000 4142724650
002 A000000 700 NORTH WATER STREET, SUITE 1010
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
002 D020000 4276
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
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020 A000001 BEAR STEARNS & CO
020 B000001 13-4946705
020 C000001     48
020 A000002 STANDARD & POORS SECURITIES, INC
020 B000002 13-2671951
020 C000002     32
020 A000003 INSTINET
020 B000003 13-3443995
020 C000003     24
020 A000004 GS/2 SECURITIES
020 B000004 39-1464853
020 C000004     24
020 A000005 J. C. BRADFORD
020 B000005 62-0674123
020 C000005     23
020 A000006 HERZOG, HEINE, GEDULD, INC.
020 B000006 13-1955436
020 C000006     20
020 A000007 ROBERT W. BAIRD & CO.
020 B000007 39-6037917
020 C000007     20
020 A000008 NATWEST SECURITIES CORPORATION
020 B000008 13-3312778
020 C000008     19
020 A000009 CANTOR FITZGERALD & CO, INC.
020 B000009 95-1786286
020 C000009     18
020 A000010 EVEREN SECURITIES, INC.
<PAGE>      PAGE  2
020 B000010 36-3223831
020 C000010     17
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022 A000001 ROBERT W. BAIRD & CO.
022 B000001 39-6037917
022 C000001      4809
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022 A000002 DONALDSON, LUFKIN, & JENRETTE
022 B000002 13-2741729
022 C000002     14559
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022 A000003 CANTOR FITZGERALD & CO, INC.
022 B000003 95-1786286
022 C000003      7888
022 D000003      2070
022 A000004 ALEX BROWN
022 B000004 52-1319768
022 C000004      9641
022 D000004         0
022 A000005 INVEMED ASSOCIATES, INC.
022 B000005 13-2782614
022 C000005      9119
022 D000005         0
022 A000006 J. C. BRADFORD
022 B000006 62-0674123
022 C000006      5913
022 D000006      2930
022 A000007 CHICAGO CORPORATION
022 B000007 36-2549961
022 C000007       968
022 D000007      6938
022 A000008 LEHMAN BROTHERS
022 B000008 13-2518466
022 C000008      5780
022 D000008         0
022 A000009 FIRST BOSTON
022 B000009 13-5659485
022 C000009      5286
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022 B000010 36-3223831
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SIGNATURE   THOMAS J. SAEGER                             
TITLE       EXEC VICE PRESIDENT 
 


<TABLE> <S> <C>

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