<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000831016
<NAME> Variable Insurance Products Fund II
<SERIES>
<NUMBER> 31
<NAME> Index 500 Portfolio Initial Class
<MULTIPLIER> 1,000
<S>
<C>
<PERIOD-TYPE>
6-mos
<FISCAL-YEAR-END>
dec-31-2000
<PERIOD-END>
jun-30-2000
<INVESTMENTS-AT-COST>
3,053,627
<INVESTMENTS-AT-VALUE>
4,850,370
<RECEIVABLES>
19,140
<ASSETS-OTHER>
811
<OTHER-ITEMS-ASSETS>
0
<TOTAL-ASSETS>
4,870,321
<PAYABLE-FOR-SECURITIES>
21,170
<SENIOR-LONG-TERM-DEBT>
0
<OTHER-ITEMS-LIABILITIES>
45,136
<TOTAL-LIABILITIES>
66,306
<SENIOR-EQUITY>
0
<PAID-IN-CAPITAL-COMMON>
2,966,770
<SHARES-COMMON-STOCK>
29,306
<SHARES-COMMON-PRIOR>
33,084
<ACCUMULATED-NII-CURRENT>
23,407
<OVERDISTRIBUTION-NII>
0
<ACCUMULATED-NET-GAINS>
17,750
<OVERDISTRIBUTION-GAINS>
0
<ACCUM-APPREC-OR-DEPREC>
1,796,088
<NET-ASSETS>
4,804,015
<DIVIDEND-INCOME>
27,728
<INTEREST-INCOME>
2,375
<OTHER-INCOME>
273
<EXPENSES-NET>
6,969
<NET-INVESTMENT-INCOME>
23,407
<REALIZED-GAINS-CURRENT>
23,907
<APPREC-INCREASE-CURRENT>
(93,323)
<NET-CHANGE-FROM-OPS>
(46,009)
<EQUALIZATION>
0
<DISTRIBUTIONS-OF-INCOME>
51,736
<DISTRIBUTIONS-OF-GAINS>
22,615
<DISTRIBUTIONS-OTHER>
0
<NUMBER-OF-SHARES-SOLD>
4,612
<NUMBER-OF-SHARES-REDEEMED>
8,867
<SHARES-REINVESTED>
477
<NET-CHANGE-IN-ASSETS>
(734,720)
<ACCUMULATED-NII-PRIOR>
51,598
<ACCUMULATED-GAINS-PRIOR>
16,597
<OVERDISTRIB-NII-PRIOR>
0
<OVERDIST-NET-GAINS-PRIOR>
0
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6,002
<INTEREST-EXPENSE>
0
<GROSS-EXPENSE>
8,128
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4,992,470
<PER-SHARE-NAV-BEGIN>
167.410
<PER-SHARE-NII>
.760
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(1.850)
<PER-SHARE-DIVIDEND>
1.670
<PER-SHARE-DISTRIBUTIONS>
.730
<RETURNS-OF-CAPITAL>
0
<PER-SHARE-NAV-END>
163.920
<EXPENSE-RATIO>
28
</TABLE>
