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<PAGE> PAGE 2
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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 II INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] FEB-28-1997
[INVESTMENTS-AT-COST] 135,014,440
[INVESTMENTS-AT-VALUE] 133,231,706
[RECEIVABLES] 2,020,225
[ASSETS-OTHER] 94,039
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 135,345,970
[PAYABLE-FOR-SECURITIES] 984,487
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 480,997
[TOTAL-LIABILITIES] 1,465,484
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 134,031,546
[SHARES-COMMON-STOCK] 11,217
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 871,083
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 760,591
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,782,734)
[NET-ASSETS] 133,880,486
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4,408,333
[OTHER-INCOME] 0
[EXPENSES-NET] 689,422
[NET-INVESTMENT-INCOME] 3,718,911
[REALIZED-GAINS-CURRENT] 1,487,477
[APPREC-INCREASE-CURRENT] 750,282
[NET-CHANGE-FROM-OPS] 5,956,670
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,308,918
[DISTRIBUTIONS-OF-GAINS] 3,196,750
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (548,998)
[ACCUMULATED-NII-PRIOR] 461,090
[ACCUMULATED-GAINS-PRIOR] 2,469,864
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 609,170
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 689,422
[AVERAGE-NET-ASSETS] 133,880,486
[PER-SHARE-NAV-BEGIN] 12.22
[PER-SHARE-NII] 00.15
[PER-SHARE-GAIN-APPREC] (0.31)
[PER-SHARE-DIVIDEND] 00.06
[PER-SHARE-DISTRIBUTIONS] 00.06
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.94
[EXPENSE-RATIO] 01.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
