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<PAGE> PAGE 13
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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SIGNATURE JOHN H. COSTELLO
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000831016
<NAME> Variable Insurance Products Fund II
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<PER-SHARE-NII>
.320
<PER-SHARE-GAIN-APPREC>
1.530
<PER-SHARE-DIVIDEND>
.390
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
12.480
<EXPENSE-RATIO>
59
<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> 0000831016
<NAME> Variable Insurance Products Fund II
<SERIES>
<NUMBER> 21
<NAME> Asset Manager Portfolio
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
year
<FISCAL-YEAR-END>
dec-31-1995
<PERIOD-END>
dec-31-1995
<INVESTMENTS-AT-COST>
3,107,397
<INVESTMENTS-AT-VALUE>
3,314,574
<RECEIVABLES>
82,306
<ASSETS-OTHER>
0
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
3,396,880
<PAYABLE-FOR-SECURITIES>
58,216
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
5,820
<TOTAL-LIABILITIES>
64,036
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
2,914,158
<SHARES-COMMON-STOCK>
211,046
<SHARES-COMMON-PRIOR>
238,560
<ACCUMULATED-NII-CURRENT>
105,159
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
97,895
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
215,632
<NET-ASSETS>
3,332,844
<DIVIDEND-INCOME>
34,064
<INTEREST-INCOME>
106,494
<OTHER-INCOME>
0
<EXPENSES-NET>
25,781
<NET-INVESTMENT-INCOME>
114,777
<REALIZED-GAINS-CURRENT>
108,752
<APPREC-INCREASE-CURRENT>
284,745
<NET-CHANGE-FROM-OPS>
508,274
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
67,895
<DISTRIBUTIONS-OF-GAINS>
0
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
16,732
<NUMBER-OF-SHARES-REDEEMED>
49,260
<SHARES-REINVESTED>
5,014
<NET-CHANGE-IN-ASSETS>
42,317
<ACCUMULATED-NII-PRIOR>
117,159
<ACCUMULATED-GAINS-PRIOR>
(69,758)
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
<GROSS-ADVISORY-FEES>
23,175
<INTEREST-EXPENSE>
2
<GROSS-EXPENSE>
26,370
<AVERAGE-NET-ASSETS>
3,245,182
<PER-SHARE-NAV-BEGIN>
13.790
<PER-SHARE-NII>
.300
<PER-SHARE-GAIN-APPREC>
1.990
<PER-SHARE-DIVIDEND>
.290
<PER-SHARE-DISTRIBUTIONS>
0
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
15.790
<EXPENSE-RATIO>
79
<AVG-DEBT-OUTSTANDING>
0
<AVG-DEBT-PER-SHARE>
0
</TABLE>
