<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000918945
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001 A000000 VOYAGEUR INVESTMENT TRUST II
001 B000000 811-8350
001 C000000 2152552926
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 DEL-VOY TAX-FREE FL INTERMEDIATE FUND
007 C030100 N
022 A000001 ZEIGLER SECURITIES
022 C000001 451
022 D000001 0
022 A000002 WILLIAM R. HOUGH AND CO.
022 C000002 175
022 D000002 0
022 A000003 AG EDWARDS AND SONS
022 C000003 0
022 D000003 173
022 A000004 RAUSCHER PIERCE
022 C000004 150
022 D000004 0
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022 C000005 0
022 D000005 141
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022 C000006 0
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022 A000007 MESIROW AND CO.
022 C000007 0
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022 A000008 ALEX BROWN AND SONS
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<PAGE> PAGE 2
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080 B00AA00 GULF INSURANCE COMPANY
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SIGNATURE ROSEMARY E. MILNER
TITLE VICE PRESIDENT
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</TABLE>
Report of Independent Auditors
To the Shareholders and Board of Directors
Voyageur Investment Trust II
In planning and performing our audit of the financial
statements of Voyageur Investment Trust II (the Fund ) for the
year ended December 31, 1997, we considered its internal
control, including control activities for safeguarding
securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR,
not to provide assurance on internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity s objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness
is a condition in which the design or operation of one or more
specific internal control components does not reduce to a
relatively low level the risk that errors or fraud in amounts
that would be material in relation to the financial statements
being audited may occur and not be detected within a timely
period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving
internal control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above at December 31, 1997.
This report is intended solely for the information and use of
the board of directors and management of Voyageur Investment
Trust II and the Securities and Exchange Commission.
Philadelphia, Pennsylvania
February 16, 1997