<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM IDS MANAGED
FUTURES II, L.P. FOR THE SECOND QUARTER OF 2000 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 6,420,220
<SECURITIES> 0
<RECEIVABLES> 33,488
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 6,453,709
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 6,453,709
<CURRENT-LIABILITIES> 117,173
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 6,336,535
<TOTAL-LIABILITY-AND-EQUITY> 6,453,709
<SALES> 0
<TOTAL-REVENUES> (599,230)
<CGS> 0
<TOTAL-COSTS> 144,875
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (744,105)
<INCOME-TAX> 0
<INCOME-CONTINUING> (744,105)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (744,105)
<EPS-BASIC> (53.43)
<EPS-DILUTED> (53.43)
</TABLE>