MONTGOMERY FUNDS II
NSAR-B, 1996-08-26
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<PAGE>      PAGE  1
000 B000000 06/30/96
000 C000000 913130
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE MONTGOMERY FUNDS II
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001 C000000 4152486293
002 A000000 101 CALIFORNIA STREET
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002 D010000 94111
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
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007 C010100  1
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007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C020400 MONTGOMERY ASSET ALLOCATION FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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008 B00AA01 A
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010 A00AA01 MONTGOMERY ASSET MANAGEMENT, L.P.
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011 C02AA01 CA
<PAGE>      PAGE  2
011 C03AA01 94111
012 A00AA01 DST SYSTEMS, INC.
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012 C02AA01 MO
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
070 B020400 N
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070 E020400 N
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070 G020400 N
070 H010400 Y
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070 I020400 N
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070 J020400 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
074 X000400     7009
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SIGNATURE   MARY JANE FROSS                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 01
              <NAME> Montgomery Institutional Series: Emerging Markets P
       
<S>                                       <C>
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<PERIOD-END>                              JUN-30-1996
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<EQUALIZATION>                                                        0
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<AVG-DEBT-PER-SHARE>                                                  0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 041
              <NAME>Montgomery Asset Allocation Fund - Class R Shares
       
<S>                                       <C>
<PERIOD-TYPE>                             12-MOS
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<SENIOR-LONG-TERM-DEBT>                                               0
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<SENIOR-EQUITY>                                                       0
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<EQUALIZATION>                                                        0
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<PER-SHARE-NAV-BEGIN>                                             16.33
<PER-SHARE-NII>                                                    0.26
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<PER-SHARE-DIVIDEND>                                              (0.25)
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<RETURNS-OF-CAPITAL>                                               0.00
<PER-SHARE-NAV-END>                                               19.33
<EXPENSE-RATIO>                                                    1.30
<AVG-DEBT-OUTSTANDING>                                        7,057,460
<AVG-DEBT-PER-SHARE>                                             1.1761


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 042
              <NAME>Montgomery Asset Allocation Fund - Class P Shares
       
<S>                                       <C>
<PERIOD-TYPE>                             12-MOS
<FISCAL-YEAR-END>                         JUN-30-1996
<PERIOD-END>                              JUN-30-1996
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<INVESTMENTS-AT-VALUE>                                      145,152,175
<RECEIVABLES>                                                 8,781,592
<ASSETS-OTHER>                                                        0
<OTHER-ITEMS-ASSETS>                                             22,666
<TOTAL-ASSETS>                                              153,956,433
<PAYABLE-FOR-SECURITIES>                                     20,771,082
<SENIOR-LONG-TERM-DEBT>                                               0
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<TOTAL-LIABILITIES>                                          21,403,099
<SENIOR-EQUITY>                                                       0
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<PER-SHARE-NII>                                                    0.09
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<EXPENSE-RATIO>                                                    1.55
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<AVG-DEBT-PER-SHARE>                                             1.1761


</TABLE>


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