NICHOLAS II INC
NSAR-B, EX-27, 2000-11-29
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<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      540,869,951
<INVESTMENTS-AT-VALUE>                     769,403,074
<RECEIVABLES>                                7,808,069
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             777,211,143
<PAYABLE-FOR-SECURITIES>                     1,328,834
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      526,433
<TOTAL-LIABILITIES>                          1,855,267
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   294,474,181
<SHARES-COMMON-STOCK>                       21,196,342
<SHARES-COMMON-PRIOR>                       27,462,951
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    252,400,222
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   228,481,473
<NET-ASSETS>                               775,355,876
<DIVIDEND-INCOME>                            2,635,078
<INTEREST-INCOME>                            2,691,660
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,140,630
<NET-INVESTMENT-INCOME>                        186,108
<REALIZED-GAINS-CURRENT>                   252,475,919
<APPREC-INCREASE-CURRENT>                (121,859,465)
<NET-CHANGE-FROM-OPS>                      130,802,562
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      259,783
<DISTRIBUTIONS-OF-GAINS>                    12,212,372
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,663,634
<NUMBER-OF-SHARES-REDEEMED>                 10,260,168
<SHARES-REINVESTED>                            329,925
<NET-CHANGE-IN-ASSETS>                    (98,789,413)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   12,210,349
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,346,183
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,140,630
<AVERAGE-NET-ASSETS>                       830,891,392
<PER-SHARE-NAV-BEGIN>                            31.83
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                           5.22
<PER-SHARE-DIVIDEND>                               .01
<PER-SHARE-DISTRIBUTIONS>                          .47
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              36.58
<EXPENSE-RATIO>                                    .62


</TABLE>


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