<PAGE> PAGE 1
000 A000000 12/31/95
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
001 B000000 811-8064
001 C000000 4156272482
002 A000000 600 MONTGOMERY STREET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 MONTG INST'L SER: EMERGING MARKETS PORTFOLIO
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
008 A00AA01 MONTGOMERY ASSET MANAGEMENT, L.P.
008 B00AA01 A
008 C00AA01 801-36790
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
010 A00AA01 MONTGOMERY ASSET MANAGEMENT, L.P.
010 B00AA01 36790
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94111
011 A00AA01 MONTGOMERY SECURITIES
011 B00AA01 8-04357
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
<PAGE> PAGE 2
011 C03AA01 94111
012 A00AA01 DST SYSTEMS, INC.
012 B00AA01 84-999
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
012 C04AA01 6073
013 A00AA01 DELOITTE & TOUCHE
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94105
014 A00AA01 MONTGOMERY SECURITIES
014 B00AA01 8-04357
015 A00AA01 MORGAN STANLEY TRUST
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 11201
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 19
019 C00AA00 MONTGOMERY
020 A000001 BARING SECURITIES INC.
020 B000001 04-2455153
020 C000001 102
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 60
020 A000003 BZW
020 C000003 49
020 A000004 MORGAN STANLEY
020 B000004 13-2655998
020 C000004 41
020 A000005 FLEMING
020 C000005 32
020 A000006 CS FIRST BOSTON
020 B000006 13-5659485
020 C000006 32
020 A000007 HOARE GOVICH
020 C000007 30
020 A000008 PARAG PARIKH
020 C000008 29
020 A000009 JP MORGAN
020 B000009 13-3224016
020 C000009 25
020 A000010 WEEDEN & CO.
020 C000010 19
021 000000 473
022 A000001 CHEMICAL BANK
022 B000001 13-2638166
<PAGE> PAGE 3
022 C000001 1382020
022 D000001 0
022 A000002 PAINE WEBBER
022 B000002 13-2638166
022 C000002 1027468
022 D000002 0
022 A000003 BZW
022 C000003 316320
022 D000003 32908
022 A000004 SANWA
022 C000004 269972
022 D000004 0
022 A000005 NIKKO
022 C000005 255751
022 D000005 0
022 A000006 PRUDENTIAL SECURITIES
022 B000006 22-2347336
022 C000006 37433
022 D000006 25423
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 37378
022 D000007 0
022 A000008 MORGAN STANLEY
022 B000008 13-3224016
022 C000008 12573
022 D000008 4252
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 6806
022 D000009 3097
022 A000010 HERZOG, HEINE GEGULD, INC.
022 B000010 13-1955436
022 C000010 2416
022 D000010 2619
023 C000000 3482123
023 D000000 88585
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
<PAGE> PAGE 4
026 F000000 N
026 G010000 N
026 G020000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 N
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
<PAGE> PAGE 5
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 O000000 Y
077 Q010000 Y
078 000000 N
028 A010100 1774
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 1182
028 B020100 0
028 B030100 0
028 B040100 0
028 C010100 3978
028 C020100 0
028 C030100 0
028 C040100 2752
028 D010100 15896
028 D020100 0
028 D030100 0
028 D040100 0
028 E010100 1498
028 E020100 129
028 E030100 0
028 E040100 773
028 F010100 11421
028 F020100 0
028 F030100 0
028 F040100 0
028 G010100 35749
028 G020100 129
028 G030100 0
<PAGE> PAGE 6
028 G040100 3525
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 50000000
048 A020100 1.250
048 B010100 50000000
048 B020100 1.000
048 C010100 10000000
048 C020100 0.900
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2000000
066 A000100 Y
066 C000100 Y
067 000100 N
068 A000100 N
068 B000100 Y
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
<PAGE> PAGE 7
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 86434
071 B000100 127425
071 C000100 180299
071 D000100 48
072 A000100 6
072 B000100 495
072 C000100 1126
072 D000100 0
072 E000100 0
072 F000100 1578
072 G000100 49
072 H000100 0
072 I000100 1
072 J000100 276
072 K000100 0
072 L000100 0
072 M000100 5
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 13
072 S000100 17
<PAGE> PAGE 8
072 T000100 0
072 U000100 4
072 V000100 0
072 W000100 98
072 X000100 2041
072 Y000100 719
072 Z000100 299
072AA000100 0
072BB000100 2344
072CC010100 6163
072CC020100 0
072DD010100 169
072DD020100 0
072EE000100 0
073 A010100 0.0363
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 5478
074 B000100 10906
074 C000100 0
074 D000100 9343
074 E000100 24059
074 F000100 166513
074 G000100 0
074 H000100 0
074 I000100 490
074 J000100 604
074 K000100 0
074 L000100 345
074 M000100 3207
074 N000100 220945
074 O000100 6972
074 P000100 23
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 3309
074 S000100 0
074 T000100 210641
074 U010100 4928
074 U020100 0
074 V010100 42.74
074 V020100 0.00
074 W000100 0.0000
074 X000100 26
074 Y000100 0
075 A000100 194647
075 B000100 0
076 000100 0.00
<PAGE> PAGE 9
028 A010400 10589
028 A020400 0
028 A030400 0
028 A040400 3478
028 B010400 13649
028 B020400 0
028 B030400 0
028 B040400 2919
028 C010400 15114
028 C020400 0
028 C030400 0
028 C040400 2560
028 D010400 11077
028 D020400 0
028 D030400 0
028 D040400 7830
028 E010400 11462
028 E020400 4694
028 E030400 0
028 E040400 3099
028 F010400 11628
028 F020400 2
028 F030400 0
028 F040400 4657
028 G010400 73519
028 G020400 4696
028 G030400 0
028 G040400 24543
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 500000
048 A020400 0.800
048 B010400 0
048 B020400 0.650
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
<PAGE> PAGE 10
048 J010400 0
048 J020400 0.000
048 K010400 500000
048 K020400 0.000
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 2000
066 A000400 Y
066 G000400 Y
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
<PAGE> PAGE 11
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 145715
071 B000400 95672
071 C000400 89452
071 D000400 107
072 A000400 6
072 B000400 1418
072 C000400 247
072 D000400 0
072 E000400 0
072 F000400 490
072 G000400 31
072 H000400 0
072 I000400 103
072 J000400 9
072 K000400 0
072 L000400 28
072 M000400 5
072 N000400 27
072 O000400 0
072 P000400 49
072 Q000400 0
072 R000400 15
072 S000400 10
072 T000400 0
072 U000400 6
072 V000400 0
072 W000400 26
072 X000400 799
072 Y000400 155
072 Z000400 1021
072AA000400 3876
072BB000400 0
072CC010400 7370
072CC020400 0
072DD010400 1518
072DD020400 0
072EE000400 3316
073 A010400 0.2518
073 A020400 0.0000
073 B000400 0.5503
073 C000400 0.0000
074 A000400 461
074 B000400 6502
074 C000400 500
074 D000400 46896
074 E000400 0
074 F000400 78980
<PAGE> PAGE 12
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 4499
074 M000400 38
074 N000400 137876
074 O000400 13091
074 P000400 99
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 3346
074 S000400 0
074 T000400 121340
074 U010400 6795
074 U020400 0
074 V010400 17.86
074 V020400 0.00
074 W000400 0.0000
074 X000400 6607
074 Y000400 0
075 A000400 90982
075 B000400 0
076 000400 0.00
SIGNATURE MARY JANE FROSS
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Montgomery II Instit Series Emerging Mkts
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 215,866,646
<INVESTMENTS-AT-VALUE> 211,311,396
<RECEIVABLES> 948,549
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,685,137
<TOTAL-ASSETS> 220,945,082
<PAYABLE-FOR-SECURITIES> 6,972,151
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,331,695
<TOTAL-LIABILITIES> 10,303,846
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 232,647,031
<SHARES-COMMON-STOCK> 4,928,252
<SHARES-COMMON-PRIOR> 4,184,484
<ACCUMULATED-NII-CURRENT> (354,398)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (17,085,993)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,565,404)
<NET-ASSETS> 210,641,236
<DIVIDEND-INCOME> 1,126,319
<INTEREST-INCOME> 494,713
<OTHER-INCOME> 0
<EXPENSES-NET> 1,321,704
<NET-INVESTMENT-INCOME> 299,328
<REALIZED-GAINS-CURRENT> (2,344,245)
<APPREC-INCREASE-CURRENT> (6,163,192)
<NET-CHANGE-FROM-OPS> (8,208,109)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (169,409)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 821,322
<NUMBER-OF-SHARES-REDEEMED> (80,730)
<SHARES-REINVESTED> 3,176
<NET-CHANGE-IN-ASSETS> 23,975,720
<ACCUMULATED-NII-PRIOR> (484,317)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (14,741,748)
<GROSS-ADVISORY-FEES> 1,578,433
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,040,476
<AVERAGE-NET-ASSETS> 194,646,644
<PER-SHARE-NAV-BEGIN> 44.61
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> (1.91)
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 42.74
<EXPENSE-RATIO> 1.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Montgomery Asset Allocation Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 122,102,370
<INVESTMENTS-AT-VALUE> 132,877,320
<RECEIVABLES> 4,498,707
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 499,719
<TOTAL-ASSETS> 137,875,746
<PAYABLE-FOR-SECURITIES> 13,091,466
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,444,451
<TOTAL-LIABILITIES> 16,535,917
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,894,034
<SHARES-COMMON-STOCK> 6,795,076
<SHARES-COMMON-PRIOR> 3,688,632
<ACCUMULATED-NII-CURRENT> 13,413
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,657,432
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,774,950
<NET-ASSETS> 121,339,829
<DIVIDEND-INCOME> 247,195
<INTEREST-INCOME> 1,418,231
<OTHER-INCOME> 0
<EXPENSES-NET> 643,917
<NET-INVESTMENT-INCOME> 1,021,509
<REALIZED-GAINS-CURRENT> 3,876,454
<APPREC-INCREASE-CURRENT> 7,369,589
<NET-CHANGE-FROM-OPS> 12,267,552
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,517,689)
<DISTRIBUTIONS-OF-GAINS> (3,316,318)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,257,320
<NUMBER-OF-SHARES-REDEEMED> (1,425,525)
<SHARES-REINVESTED> 274,649
<NET-CHANGE-IN-ASSETS> 61,106,000
<ACCUMULATED-NII-PRIOR> 509,593
<ACCUMULATED-GAINS-PRIOR> 1,097,296
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 490,313
<INTEREST-EXPENSE> 49,027
<GROSS-EXPENSE> 798,926
<AVERAGE-NET-ASSETS> 90,982,279
<PER-SHARE-NAV-BEGIN> 16.33
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 2.14
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (0.55)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.86
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
