<PAGE> PAGE 1
000 B000000 12/31/94
000 C000000 759277
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 GEMINI II, INC.
001 B000000 811-4168
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
010 A000001 THE VANGUARD GROUP, INC.
010 B000001 801-11953
010 C010001 MALVERN
010 C020001 PA
010 C030001 19355
012 A000001 FIRST NATIONAL BANK OF BOSTON
012 B000001 85-10813
012 C010001 DORCHESTER
012 C020001 MA
012 C030001 02125
013 A000001 PRICE WATERHOUSE LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
018 000000 Y
019 A000000 Y
019 B000000 86
019 C000000 VANGUARDGR
020 A000001 SALOMON BROTHERS
020 B000001 13-3082694
020 C000001 49
020 A000002 LEHMAN BROTHERS INC.
020 B000002 13-2518466
020 C000002 34
020 A000003 UBS SECURITIES INC.
020 B000003 13-2932996
020 C000003 22
020 A000004 PRUDENTIAL BACHE SECURITIES
020 B000004 13-1954348
<PAGE> PAGE 2
020 C000004 15
020 A000005 PAINEWEBBER INCORPORATED
020 B000005 13-2638166
020 C000005 10
020 A000006 DILLON, READ & CO. INC.
020 B000006 13-1939216
020 C000006 10
020 A000007 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000007 13-5674085
020 C000007 10
020 A000008 KIDDER PEABODY & CO., INC.
020 B000008 13-5650440
020 C000008 9
020 A000009 GOLDMAN SACHS & CO.
020 B000009 13-5108880
020 C000009 9
020 A000010 JANNEY MONTGOMERY SCOTT INC.
020 B000010 23-0731260
020 C000010 8
021 000000 220
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001 703140
022 D000001 0
022 A000002 SALOMON BROTHERS
022 B000002 13-3082694
022 C000002 11262
022 D000002 9564
022 A000003 PERSHING DIVISION OF DONALDSON LUFKIN
022 B000003 13-2741729
022 C000003 9421
022 D000003 5161
022 A000004 PRUDENTIAL BACHE SECURITIES
022 B000004 13-1954348
022 C000004 9367
022 D000004 3564
022 A000005 BEAR STEARNS & CO. INC.
022 B000005 13-3299429
022 C000005 330
022 D000005 11428
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 5926
022 D000006 5059
022 A000007 LEHMAN BROTHERS INC.
022 B000007 13-2518466
022 C000007 0
022 D000007 9057
022 A000008 PAINEWEBBER INCORPORATED
022 B000008 13-2638166
022 C000008 282
<PAGE> PAGE 3
022 D000008 6382
022 A000009 FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 3980
022 D000009 751
022 A000010 FORUM CAPITAL MARKETS L.P.
022 B000010 06-1351111
022 C000010 1128
022 D000010 2305
023 C000000 756538
023 D000000 55570
024 000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 129698
071 B000000 132500
071 C000000 339276
071 D000000 38
072 A000000 12
072 B000000 4993
072 C000000 15995
072 D000000 0
072 E000000 0
072 F000000 1480
072 G000000 331
072 H000000 0
072 I000000 50
072 J000000 14
072 K000000 0
072 L000000 39
072 M000000 2
072 N000000 0
072 O000000 27
072 P000000 0
072 Q000000 0
<PAGE> PAGE 4
072 R000000 8
072 S000000 0
072 T000000 42
072 U000000 0
072 V000000 20
072 W000000 0
072 X000000 2013
072 Y000000 0
072 Z000000 18975
072AA000000 18339
072BB000000 6054
072CC010000 0
072CC020000 45827
072DD010000 18893
072DD020000 0
072EE000000 0
073 A010000 1.9300
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 936
074 C000000 0
074 D000000 42033
074 E000000 83709
074 F000000 192650
074 G000000 0
074 H000000 0
074 I000000 50
074 J000000 0
074 K000000 0
074 L000000 9282
074 M000000 0
074 N000000 328660
074 O000000 29
074 P000000 194
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 18613
074 S000000 102006
074 T000000 207819
074 U010000 10921
074 U020000 0
074 V010000 19.03
074 V020000 0.00
074 W000000 0.0000
074 X000000 3069
074 Y000000 0
075 A000000 0
<PAGE> PAGE 5
075 B000000 340608
076 000000 17.62
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 130000
081 A000000 Y
081 B000000 109
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
087 A010000 GEMINI II, INC. - CAPITAL SHARES
087 A020000 368904108
087 A030000 GMI
087 B010000 GEMINI II, INC. - INCOME SHARES
087 B020000 368904207
087 B030000 GMI
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE GARY P. SOURA
TITLE ASST. VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000759277
<NAME> GEMINI II, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1994
<PERIOD-END> DEC-31-1994
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 323763
<INVESTMENTS-AT-VALUE> 319328
<RECEIVABLES> 9282
<ASSETS-OTHER> 50
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 328660
<PAYABLE-FOR-SECURITIES> 28
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18807
<TOTAL-LIABILITIES> 18835
<SENIOR-EQUITY> 102006
<PAID-IN-CAPITAL-COMMON> 101561
<SHARES-COMMON-STOCK> 10921
<SHARES-COMMON-PRIOR> 10921
<ACCUMULATED-NII-CURRENT> 445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 110693
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4435)
<NET-ASSETS> 309825
<DIVIDEND-INCOME> 15995
<INTEREST-INCOME> 4993
<OTHER-INCOME> 0
<EXPENSES-NET> 2013
<NET-INVESTMENT-INCOME> 18975
<REALIZED-GAINS-CURRENT> 12285
<APPREC-INCREASE-CURRENT> (45827)
<NET-CHANGE-FROM-OPS> (14567)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 18893
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (33460)
<ACCUMULATED-NII-PRIOR> 363
<ACCUMULATED-GAINS-PRIOR> 98408
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1480
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2013
<AVERAGE-NET-ASSETS> 340608
<PER-SHARE-NAV-BEGIN> 31.43
<PER-SHARE-NII> 1.74
<PER-SHARE-GAIN-APPREC> (3.07)
<PER-SHARE-DIVIDEND> 1.73
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.37
<EXPENSE-RATIO> 0.006
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
