PAINEWEBBER INVESTMENT TRUST II
NSAR-A, EX-27, 2000-06-28
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000890567
<NAME> PAINEWEBBER INVESTMENT TRUST II
<SERIES>
   <NUMBER> 2
   <NAME> PAINEWEBBER EMERGING MARKETS EQUITY FUND CLASS Y
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-START>                              NOV-1-1999
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                              719
<INVESTMENTS-AT-VALUE>                             782
<RECEIVABLES>                                       11
<ASSETS-OTHER>                                       7
<OTHER-ITEMS-ASSETS>                                18
<TOTAL-ASSETS>                                     818
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           26
<TOTAL-LIABILITIES>                                 26
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          2405
<SHARES-COMMON-STOCK>                               80
<SHARES-COMMON-PRIOR>                               90
<ACCUMULATED-NII-CURRENT>                          (6)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (1670)
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<NET-INVESTMENT-INCOME>                            (6)
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<NET-CHANGE-FROM-OPS>                               93
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              9
<NUMBER-OF-SHARES-REDEEMED>                         19
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            (35)
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<AVERAGE-NET-ASSETS>                               954
<PER-SHARE-NAV-BEGIN>                             8.89
<PER-SHARE-NII>                                 (0.04)
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<EXPENSE-RATIO>                                   2.19




</TABLE>


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