<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 918945
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VOYAGEUR INVESTMENT TRUST II
001 B000000 811-8350
001 C000000 6123767071
002 A000000 90 SOUTH SEVENTH STREET STE 4400
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
002 D020000 4115
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 VOYAGEUR FLORIDA LIMITED TERM TAX FREE FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 VOYAGEUR FUND MANAGERS
008 B00AA01 A
008 C00AA01 801-20432
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55402
008 D04AA01 4115
010 A00AA01 VOYAGEUR FUND DISTRIBUTORS
010 B00AA01 8-37934
010 C01AA01 MINNEAPOLIS
010 C02AA01 MN
010 C03AA01 55402
010 C04AA01 4115
011 A00AA01 VOYAGEUR FUND DISTRIBUTORS
011 B00AA01 8-37934
011 C01AA01 MINNEAPOLIS
<PAGE> PAGE 2
011 C02AA01 MN
011 C03AA01 55402
011 C04AA01 4115
012 A00AA01 VOYAGEUR FUND MANAGERS
012 B00AA01 84-01744
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55402
012 C04AA01 4115
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
014 A00AA01 DOUGHERTY FINANCIAL GROUP
014 B00AA01 8-21885
015 A00AA01 NORWEST BANK MINNESOTA NA
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55479
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 42
019 C00AA00 VOYAGEURFU
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022 B000001 52-1319768
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022 D000002 281
022 A000003 A.G. EDWARDS
022 B000003 43-0895447
022 C000003 0
022 D000003 166
022 A000004 RAF FINANCIAL
022 B000004 84-0678189
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<PAGE> PAGE 3
022 D000004 122
022 A000005 BEAR STEARNS & COMPANY
022 B000005 13-4946705
022 C000005 0
022 D000005 100
022 A000006 WILLIAM R. HOUGH & COMPANY
022 B000006 59-2246010
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022 D000006 77
022 A000007 EVEREN SECURITIES
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022 D000007 56
022 A000008 PAINE WEBBER
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022 C000008 0
022 D000008 55
022 A000009 LEBENTHAL
022 B000009 13-1928762
022 C000009 0
022 D000009 49
022 A000010 HUTCHINSON, SHOCKEY
022 B000010 36-2355753
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050 00AA00 N
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<PAGE> PAGE 4
053 B00AA00 Y
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054 C00AA00 Y
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054 F00AA00 N
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056 00AA00 N
057 00AA00 N
077 A000000 Y
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<PAGE> PAGE 5
086 F010000 0
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<PAGE> PAGE 6
042 D000100 100
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<PAGE> PAGE 7
062 N000100 0.0
062 O000100 98.6
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070 E020100 N
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070 F020100 N
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070 G020100 N
070 H010100 N
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070 J020100 N
070 K010100 Y
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070 R020100 N
071 A000100 1823
<PAGE> PAGE 8
071 B000100 1973
071 C000100 2892
071 D000100 63
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072 B000100 152
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072DD020100 2
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073 A020100 0.3700
073 B000100 0.0000
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074 B000100 0
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<PAGE> PAGE 9
074 L000100 68
074 M000100 22
074 N000100 4472
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074 U020100 5209
074 V010100 10.43
074 V020100 10.42
074 W000100 0.0000
074 X000100 122
074 Y000100 450000
075 A000100 0
075 B000100 2866
076 000100 0.00
080 A000100 RELIANCE NATIONAL
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SIGNATURE KEN LARSEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The schedule contains summary financial information extracted from the statement
of assets and liabilities, statement of operations, statement of changes in net
assets and the financial highlights and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<CIK> 0000918945
<NAME> Voyageur Investment Trust II
<SERIES>
<NUMBER> 1
<NAME> Voyageur Florida Limited Term Tax Free Fund
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-START> Jan-01-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 4,128,884
<INVESTMENTS-AT-VALUE> 4,193,756
<RECEIVABLES> 236,142
<ASSETS-OTHER> 21,500
<OTHER-ITEMS-ASSETS> 20,363
<TOTAL-ASSETS> 4,471,761
<PAYABLE-FOR-SECURITIES> 193,843
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22,675
<TOTAL-LIABILITIES> 216,518
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,169,180
<SHARES-COMMON-STOCK> 408,160
<SHARES-COMMON-PRIOR> 90,350
<ACCUMULATED-NII-CURRENT> 19,500
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,691
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 64,872
<NET-ASSETS> 4,255,243
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 151,579
<OTHER-INCOME> 0
<EXPENSES-NET> 24,713
<NET-INVESTMENT-INCOME> 126,866
<REALIZED-GAINS-CURRENT> 1,691
<APPREC-INCREASE-CURRENT> 6,281
<NET-CHANGE-FROM-OPS> 134,838
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 121,282
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 384,320
<NUMBER-OF-SHARES-REDEEMED> 72,103
<SHARES-REINVESTED> 5,593
<NET-CHANGE-IN-ASSETS> 3,301,529
<ACCUMULATED-NII-PRIOR> 7,677
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,429
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 70,141
<AVERAGE-NET-ASSETS> 2,866,420
<PER-SHARE-NAV-BEGIN> 10.56
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> (0.08)
<PER-SHARE-DIVIDEND> 0.47
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.43
<EXPENSE-RATIO> 0.660
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
