SIT MUTUAL FUNDS II INC
NSAR-A/A, 1999-11-26
Previous: FEDDERS CORP /DE, DEF 14A, 1999-11-26
Next: SIT MONEY MARKET FUND INC, NSAR-A, 1999-11-26



<PAGE>      PAGE  1
000 A000000 09/30/99
000 C000000 0000746601
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SIT MUTUTAL FUNDS II, INC.
001 B000000 811-04033
001 C000000 6123323223
002 A000000 4600 NORWEST CENTER 90 SOUTH SEVENTH ST
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
002 D020000 4130
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 SIT TAX-FREE INCOME FUND, SERIES A
007 C030100 N
007 C010200  2
007 C020200 SIT MINNESOTA TAX-FREE INCOME FUND, SERIES B
007 C030200 N
007 C010300  3
007 C020300 SIT BOND FUND, SERIES C
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 SIT INVESTMENT ASSOCIATES, INC.
008 B00AA01 A
008 C00AA01 801-16350
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55402
008 D04AA01 4130
011 A00AA01 SIA SECURITIES CORP.
011 B00AA01 8-46668
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55402
<PAGE>      PAGE  2
011 C04AA01 4130
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP
012 B00AA01 84-1760
012 C01AA01 WESTBORO
012 C02AA01 MA
012 C03AA01 01581
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
014 A00AA01 SIA SECURITIES CORP.
014 B00AA01 8-46668
015 A00AA01 THE NORTHERN TRUST COMPANY
015 B00AA01 C
015 C01AA01 CHICAGO
015 C02AA01 IL
015 C03AA01 60675
015 C04AA01 0000
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   13
019 C00AA00 SIT NBGING
020 A000001 CAPITAL INSTITUTION SERVICES
020 B000001 75-1565705
020 C000001     15
020 A000002 AUTRANET SECURITIES
020 B000002 13-2961507
020 C000002      4
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       19
022 A000001 DREYFUS TAX-EXEMPT CASH MANAGEMENT FUND
022 B000001 13-3281887
022 C000001    145212
022 D000001    162189
022 A000002 FEDERATED MINNESOTA MUNICIPAL FUND
022 B000002 1-0451159
022 C000002     86179
022 D000002     99171
022 A000003 NORTHERN TRUST
022 B000003 36-3209616
022 C000003     19615
022 D000003     37268
<PAGE>      PAGE  3
022 A000004 DAIN BOSWORTH
022 B000004 41-0212020
022 C000004     13353
022 D000004     18491
022 A000005 LEHMAN BROTHERS INC
022 B000005 13-2518466
022 C000005      5451
022 D000005     25629
022 A000006 MILLER SCHROEDER
022 B000006 41-0901191
022 C000006     27201
022 D000006      3028
022 A000007 GOLDMAN SACHS
022 B000007 95-6287525
022 C000007     26850
022 D000007         0
022 A000008 GRUNTAL & CO INC
022 B000008 13-3179859
022 C000008      6836
022 D000008     20012
022 A000009 GMS GROUP
022 B000009 13-2982938
022 C000009      1496
022 D000009     21308
022 A000010 PIPER JAFFRAY
022 B000010 41-0953246
022 C000010     10659
022 D000010     11168
023 C000000     473772
023 D000000     514181
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
029  00AA00 N
030 A00AA00      0
<PAGE>      PAGE  4
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 Y
040  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 Y
054 E00AA00 Y
054 F00AA00 Y
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 Y
054 J00AA00 Y
054 K00AA00 Y
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
077 A000000 N
078  000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00    10000
081 A00AA00 Y
081 B00AA00  18
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
<PAGE>      PAGE  5
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100     39507
028 A020100      2940
028 A030100         0
028 A040100     90340
028 B010100     32141
028 B020100      2784
028 B030100         0
028 B040100     32183
028 C010100     34481
028 C020100      3204
028 C030100         0
028 C040100     38272
028 D010100     26183
028 D020100      2875
028 D030100         0
028 D040100     24207
028 E010100     29365
028 E020100      3155
028 E030100         0
028 E040100     44178
028 F010100     22187
028 F020100      2877
028 F030100         0
028 F040100     37799
028 G010100    183864
028 G020100     17835
028 G030100         0
028 G040100    266979
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   250000
<PAGE>      PAGE  6
048 A020100 0.800
048 B010100   250000
048 B020100 0.700
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100   500000
048 K020100 0.600
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     2000
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   2.3
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100  97.7
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
<PAGE>      PAGE  7
063 A000100   0
063 B000100 17.8
064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100    146229
071 B000100    166937
071 C000100    691392
071 D000100   21
072 A000100  6
072 B000100    23591
<PAGE>      PAGE  8
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     3333
072 G000100        0
072 H000100        0
072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100        0
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100     3333
072 Y000100      457
072 Z000100    20715
072AA000100        0
072BB000100      625
072CC010100        0
072CC020100    43781
072DD010100    20715
072DD020100        0
072EE000100        0
073 A010100   0.2530
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       11
074 B000100        0
074 C000100     5480
074 D000100   767420
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100    15637
074 M000100        0
074 N000100   788548
074 O000100        0
074 P000100      455
<PAGE>      PAGE  9
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     2426
074 S000100        0
074 T000100   785667
074 U010100    79834
074 U020100        0
074 V010100     9.84
074 V020100     0.00
074 W000100   0.0000
074 X000100     5189
074 Y000100    44224
075 A000100        0
075 B000100   833414
076  000100     0.00
028 A010200     23645
028 A020200       872
028 A030200         0
028 A040200     37129
028 B010200     21466
028 B020200       856
028 B030200         0
028 B040200      9151
028 C010200     12528
028 C020200       999
028 C030200         0
028 C040200     30841
028 D010200     11523
028 D020200       886
028 D030200         0
028 D040200      7382
028 E010200      8781
028 E020200       939
028 E030200         0
028 E040200     26123
028 F010200      5711
028 F020200       827
028 F030200         0
028 F040200     15399
028 G010200     83654
028 G020200      5379
028 G030200         0
028 G040200    126025
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.800
048 A010200        0
<PAGE>      PAGE  10
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
058 A000200 N
059  000200 Y
060 A000200 N
060 B000200 N
061  000200     2000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.8
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200  99.2
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200 20.4
<PAGE>      PAGE  11
064 A000200 Y
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200     36064
071 B000200     60391
071 C000200    242876
071 D000200   15
072 A000200  6
072 B000200     7245
072 C000200        0
072 D000200        0
<PAGE>      PAGE  12
072 E000200        0
072 F000200     1011
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200     1011
072 Y000200        0
072 Z000200     6234
072AA000200        0
072BB000200      514
072CC010200        0
072CC020200    11415
072DD010200     6234
072DD020200        0
072EE000200        0
073 A010200   0.2563
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200      871
074 D000200   220680
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     4536
074 M000200        0
074 N000200   226087
074 O000200     2732
074 P000200      149
074 Q000200        0
074 R010200        0
<PAGE>      PAGE  13
074 R020200        0
074 R030200        0
074 R040200      854
074 S000200        0
074 T000200   222352
074 U010200    22109
074 U020200        0
074 V010200    10.06
074 V020200     0.00
074 W000200   0.0000
074 X000200     2128
074 Y000200     6439
075 A000200        0
075 B000200   251260
076  000200     0.00
028 A010300       790
028 A020300        55
028 A030300         0
028 A040300       291
028 B010300       170
028 B020300        52
028 B030300         0
028 B040300        94
028 C010300       212
028 C020300        65
028 C030300         0
028 C040300        43
028 D010300        38
028 D020300        57
028 D030300         0
028 D040300       121
028 E010300       280
028 E020300        61
028 E030300         0
028 E040300       143
028 F010300       740
028 F020300        56
028 F030300         0
028 F040300        28
028 G010300      2230
028 G020300       346
028 G030300         0
028 G040300       720
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.800
048 A010300        0
048 A020300 0.000
048 B010300        0
<PAGE>      PAGE  14
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 N
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     2000
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   3.0
062 M000300  36.8
062 N000300  25.6
062 O000300   0.0
062 P000300  14.3
062 Q000300  20.3
062 R000300   0.0
063 A000300   0
063 B000300 15.5
064 A000300 Y
064 B000300 N
<PAGE>      PAGE  15
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 Y
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300      9184
071 B000300      6654
071 C000300     10050
071 D000300   66
072 A000300  6
072 B000300      406
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300       50
<PAGE>      PAGE  16
072 G000300        0
072 H000300        0
072 I000300        0
072 J000300        0
072 K000300        0
072 L000300        0
072 M000300        0
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        0
072 S000300        0
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        0
072 X000300       50
072 Y000300        0
072 Z000300      356
072AA000300        0
072BB000300      250
072CC010300        0
072CC020300      148
072DD010300      356
072DD020300        0
072EE000300        0
073 A010300   0.2834
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300      213
074 B000300        0
074 C000300     1057
074 D000300    12972
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300       99
074 M000300        0
074 N000300    14341
074 O000300      955
074 P000300        8
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
<PAGE>      PAGE  17
074 R040300        0
074 S000300        0
074 T000300    13378
074 U010300     1388
074 U020300        0
074 V010300     9.64
074 V020300     0.00
074 W000300   0.0000
074 X000300      189
074 Y000300        0
075 A000300        0
075 B000300    10940
076  000300     0.00
SIGNATURE   PAUL E. RASMUSSEN
TITLE       VICE PRESIDENT


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000746601
<NAME> SIT MUTUAL FUNDS II, INC.
<SERIES>
   <NUMBER> 01
   <NAME> SIT TAX FREE INCOME FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      799,062,165
<INVESTMENTS-AT-VALUE>                     772,899,593
<RECEIVABLES>                               15,648,644
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             788,548,237
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,880,925
<TOTAL-LIABILITIES>                          2,880,925
<SENIOR-EQUITY>                                 79,834
<PAID-IN-CAPITAL-COMMON>                   812,442,284
<SHARES-COMMON-STOCK>                       79,834,477
<SHARES-COMMON-PRIOR>                       86,209,089
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       692,234
<ACCUM-APPREC-OR-DEPREC>                  (26,162,572)
<NET-ASSETS>                               785,667,312
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           23,590,816
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,875,991
<NET-INVESTMENT-INCOME>                     20,714,825
<REALIZED-GAINS-CURRENT>                     (625,080)
<APPREC-INCREASE-CURRENT>                 (43,780,816)
<NET-CHANGE-FROM-OPS>                     (23,691,071)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   20,714,825
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     18,078,074
<NUMBER-OF-SHARES-REDEEMED>                 26,218,264
<SHARES-REINVESTED>                          1,765,578
<NET-CHANGE-IN-ASSETS>                   (109,685,867)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (67,154)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,333,284
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,333,284
<AVERAGE-NET-ASSETS>                       833,413,988
<PER-SHARE-NAV-BEGIN>                            10.39
<PER-SHARE-NII>                                    .25
<PER-SHARE-GAIN-APPREC>                          (.55)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .25
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.84
<EXPENSE-RATIO>                                    .69
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000746601
<NAME> SIT MUTUAL FUNDS II, INC.
<SERIES>
   <NUMBER> 02
   <NAME> SIT MINNESOTA TAX-FREE INCOME FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                      227,816,862
<INVESTMENTS-AT-VALUE>                     221,551,612
<RECEIVABLES>                                4,535,507
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             226,087,119
<PAYABLE-FOR-SECURITIES>                     2,732,288
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,002,604
<TOTAL-LIABILITIES>                          3,734,892
<SENIOR-EQUITY>                                 22,109
<PAID-IN-CAPITAL-COMMON>                   229,145,621
<SHARES-COMMON-STOCK>                       22,108,546
<SHARES-COMMON-PRIOR>                       25,709,302
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       550,253
<ACCUM-APPREC-OR-DEPREC>                   (6,265,250)
<NET-ASSETS>                               222,352,227
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,244,857
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,011,050
<NET-INVESTMENT-INCOME>                      6,233,807
<REALIZED-GAINS-CURRENT>                     (514,475)
<APPREC-INCREASE-CURRENT>                 (11,415,359)
<NET-CHANGE-FROM-OPS>                      (5,696,027)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    6,233,807
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      8,025,352
<NUMBER-OF-SHARES-REDEEMED>                 12,147,495
<SHARES-REINVESTED>                            521,387
<NET-CHANGE-IN-ASSETS>                    (48,922,548)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (35,778)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,011,050
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,011,050
<AVERAGE-NET-ASSETS>                       251,259,727
<PER-SHARE-NAV-BEGIN>                            10.55
<PER-SHARE-NII>                                    .26
<PER-SHARE-GAIN-APPREC>                          (.49)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .26
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.06
<EXPENSE-RATIO>                                    .80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000746601
<NAME> SIT MUTUAL FUNDS II, INC
<SERIES>
   <NUMBER> 03
   <NAME> SIT BOND FUND, INC.

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               SEP-30-1999
<INVESTMENTS-AT-COST>                       14,185,260
<INVESTMENTS-AT-VALUE>                      14,029,569
<RECEIVABLES>                                  311,782
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              14,341,351
<PAYABLE-FOR-SECURITIES>                       954,606
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        8,932
<TOTAL-LIABILITIES>                            963,538
<SENIOR-EQUITY>                                  1,388
<PAID-IN-CAPITAL-COMMON>                    13,780,730
<SHARES-COMMON-STOCK>                        1,388,299
<SHARES-COMMON-PRIOR>                        1,198,409
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       248,614
<ACCUM-APPREC-OR-DEPREC>                     (155,691)
<NET-ASSETS>                                13,377,813
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              405,798
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  49,833
<NET-INVESTMENT-INCOME>                        355,965
<REALIZED-GAINS-CURRENT>                     (250,208)
<APPREC-INCREASE-CURRENT>                    (147,722)
<NET-CHANGE-FROM-OPS>                         (41,965)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      355,965
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        227,529
<NUMBER-OF-SHARES-REDEEMED>                     73,144
<SHARES-REINVESTED>                             35,505
<NET-CHANGE-IN-ASSETS>                       1,458,132
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        1,594
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           49,833
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 49,833
<AVERAGE-NET-ASSETS>                        13,377,813
<PER-SHARE-NAV-BEGIN>                             9.95
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                          (.31)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .28
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.64
<EXPENSE-RATIO>                                   0.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission