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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
087 A030000 MTU
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000890068
[NAME] MANAGED MUNICIPALS PORTFOLIO 2 INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1996
[PERIOD-END] AUG-31-1996
[INVESTMENTS-AT-COST] 143,736,391
[INVESTMENTS-AT-VALUE] 141,203,375
[RECEIVABLES] 1,993,229
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 143,196,604
[PAYABLE-FOR-SECURITIES] 7,401,358
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,365,762
[TOTAL-LIABILITIES] 8,767,120
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 134,020,329
[SHARES-COMMON-STOCK] 11,216,668
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 461,090
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,469,864
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2,533,016)
[NET-ASSETS] 134,429,484
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 8,935,114
[OTHER-INCOME] 0
[EXPENSES-NET] 1,526,500
[NET-INVESTMENT-INCOME] 7,408,614
[REALIZED-GAINS-CURRENT] 3,856,189
[APPREC-INCREASE-CURRENT] (6,183,178)
[NET-CHANGE-FROM-OPS] 5,081,625
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 7,553,614
[DISTRIBUTIONS-OF-GAINS] 1,747,555
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 5,081,625
[ACCUMULATED-NII-PRIOR] 605,716
[ACCUMULATED-GAINS-PRIOR] 361,604
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 979,107
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,526,500
[AVERAGE-NET-ASSETS] 139,488,166
[PER-SHARE-NAV-BEGIN] 12.36
[PER-SHARE-NII] 00.66
[PER-SHARE-GAIN-APPREC] (0.21)
[PER-SHARE-DIVIDEND] 00.059
[PER-SHARE-DISTRIBUTIONS] 00.67
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.98
[EXPENSE-RATIO] 01.09
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
