<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 759277
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 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
018 000000 Y
019 A000000 Y
019 B000000 89
019 C000000 VANGUARDGR
020 A000001 PRUDENTIAL SECURITIES INCORPORATED
020 B000001 22-2347336
020 C000001 71
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002 49
020 A000003 SMITH BARNEY INC.
020 B000003 13-1912900
020 C000003 46
020 A000004 SALOMON BROTHERS INC.
020 B000004 13-3082694
020 C000004 41
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 39
020 A000006 UBS SECURITIES INC.
020 B000006 13-2932996
020 C000006 38
020 A000007 BEAR STEARNS & CO.
020 B000007 13-3299429
020 C000007 36
020 A000008 GOLDMAN SACHS & CO.
020 B000008 13-5108880
020 C000008 36
020 A000009 JEFFERIES & COMPANY, INC.
<PAGE> PAGE 2
020 B000009 95-2622900
020 C000009 23
020 A000010 JANNEY MONTGOMERY SCOTT INC.
020 B000010 23-0731260
020 C000010 23
021 000000 603
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001 6999386
022 D000001 0
022 A000002 CS FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002 10360
022 D000002 9875
022 A000003 SALOMON BROTHERS
022 B000003 13-3082694
022 C000003 6254
022 D000003 6520
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004 11566
022 D000004 0
022 A000005 MONTGOMERY SECURITIES
022 B000005 94-1701676
022 C000005 513
022 D000005 5976
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006 2469
022 D000006 3329
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007 1550
022 D000007 3515
022 A000008 SBC CAPITAL MARKETS INC.
022 C000008 4910
022 D000008 0
022 A000009 PRUDENTIAL SECURITIES INCORPORATED
022 B000009 22-2347336
022 C000009 1883
022 D000009 1977
022 A000010 SMITH BARNEY INC.
022 B000010 13-1912900
022 C000010 985
022 D000010 2232
023 C000000 7044745
023 D000000 43956
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
<PAGE> PAGE 3
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 164871
071 B000000 241719
071 C000000 335476
071 D000000 49
072 A000000 12
072 B000000 5389
072 C000000 16331
072 D000000 0
072 E000000 0
072 F000000 1541
072 G000000 383
072 H000000 0
072 I000000 38
072 J000000 18
072 K000000 0
072 L000000 77
072 M000000 1
072 N000000 35
072 O000000 28
072 P000000 0
072 Q000000 0
072 R000000 8
072 S000000 0
072 T000000 47
072 U000000 16
072 V000000 70
072 W000000 0
072 X000000 2262
072 Y000000 33
072 Z000000 19491
072AA000000 42468
072BB000000 13628
072CC010000 52289
072CC020000 0
072DD010000 19656
072DD020000 0
072EE000000 1201
<PAGE> PAGE 4
073 A010000 1.8000
073 A020000 0.0000
073 B000000 0.1100
073 C000000 0.0000
074 A000000 0
074 B000000 68214
074 C000000 0
074 D000000 23360
074 E000000 130112
074 F000000 184664
074 G000000 0
074 H000000 0
074 I000000 48
074 J000000 2098
074 K000000 0
074 L000000 5189
074 M000000 0
074 N000000 413685
074 O000000 361
074 P000000 167
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 23569
074 S000000 101841
074 T000000 287747
074 U010000 10921
074 U020000 0
074 V010000 26.35
074 V020000 0.00
074 W000000 0.0000
074 X000000 2762
074 Y000000 0
075 A000000 0
075 B000000 364276
076 000000 25.75
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
<PAGE> PAGE 5
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 150000
081 A000000 Y
081 B000000 113
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 SR. MANAGER
<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-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 358496
<INVESTMENTS-AT-VALUE> 406350
<RECEIVABLES> 7287
<ASSETS-OTHER> 48
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 413685
<PAYABLE-FOR-SECURITIES> 361
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23736
<TOTAL-LIABILITIES> 24097
<SENIOR-EQUITY> 101841
<PAID-IN-CAPITAL-COMMON> 101561
<SHARES-COMMON-STOCK> 10921
<SHARES-COMMON-PRIOR> 10921
<ACCUMULATED-NII-CURRENT> 280
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 138332
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47854
<NET-ASSETS> 389588
<DIVIDEND-INCOME> 16331
<INTEREST-INCOME> 5389
<OTHER-INCOME> 0
<EXPENSES-NET> 2229
<NET-INVESTMENT-INCOME> 19491
<REALIZED-GAINS-CURRENT> 28840
<APPREC-INCREASE-CURRENT> 52289
<NET-CHANGE-FROM-OPS> 100620
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19656
<DISTRIBUTIONS-OF-GAINS> 1201
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 79763
<ACCUMULATED-NII-PRIOR> 445
<ACCUMULATED-GAINS-PRIOR> 110693
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1541
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2262
<AVERAGE-NET-ASSETS> 364276
<PER-SHARE-NAV-BEGIN> 28.37
<PER-SHARE-NII> 1.79
<PER-SHARE-GAIN-APPREC> 7.43
<PER-SHARE-DIVIDEND> 1.80
<PER-SHARE-DISTRIBUTIONS> 0.11
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.68
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>