WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                     6
<LEGEND>

                              THIS SCHEDULE CONTAINS SUMMARY FINANCIAL
                              INFORMATION FROM EXCELSIOR PRIVATE EQUITY FUND II,
                              INC.'S FORM 10-Q FOR THE PERIOD ENDED APRIL 30,
                              1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
                              TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       

<S>                                     <C>
<CIK>                                   1036052
<NAME>                                  EXCELSIOR PRIVATE EQUITY FUND II, INC.
<MULTIPLIER>                            1000



<PERIOD-TYPE>                           3-MOS
<FISCAL YEAR-END>                       OCT-31-1998
<PERIOD-START>                          NOV-1-1997
<PERIOD-END>                            APR-30-1998
<INVESTMENTS-AT-COST>                       197,971
<INVESTMENTS-AT-VALUE>                      197,962
<RECEIVABLES>                                   830
<ASSETS-OTHER>                                    0
<OTHER-ITEMS-ASSETS>                              4
<TOTAL-ASSETS>                              198,796
<PAYABLE-FOR-SECURITIES>                          0
<SENIOR-LONG-TERM-DEBT>                           0
<OTHER-ITEMS-LIABILITIES>                       420
<TOTAL LIABILITIES>                             420
<SENIOR-EQUITY>                                   0
<PAID-IN-CAPITAL-COMMON>                    195,318
<SHARES-COMMON-STOCK>                           196
<SHARES-COMMON-PRIOR>                           156
<ACCUMULATED-NII-CURRENT>                     3,068
<OVERDISTRIBUTION-NII>                            0
<ACCUMULATED-NET-GAINS>                           0
<OVERDISTRIBUTION-GAINS>                          0
<ACCUM-APPREC-OR-DEPREC>                       (10)
<NET ASSETS>                                198,376
<DIVIDEND-INCOME>                                 0
<INTEREST-INCOME>                             5,158
<OTHER-INCOME>                                    0
<EXPENSES-NET>                                  761
<NET-INVESTMENT-INCOME>                       4,397
<REALIZED-GAINS-CURRENT>                          0
<APPREC-INCREASE-CURRENT>                     (112)
<NET-CHANGE-FROM-OPS>                         4,285
<EQUALIZATION>                                    0
<DISTRIBUTION-OF-INCOME>                    (1,763)
<DISTRIBUTION-OF-GAINS>                           0
<DISTRIBUTIONS-OTHER>                             0
<PROCEEDS-FROM-SHARES-SOLD>                  40,217
<NUMBER-OF-SHARES-SOLD>                          40
<NUMBER-OF-SHARES-REDEEMED>                       0
<SHARES-REINVESTED>                               0
<OFFERING COSTS>                              (412)
<NET-CHANGE-IN-ASSETS>                       42,327
<ACCUMULATED-NII-PRIOR>                         434
<ACCUMULATED-GAINS-PRIOR>                         0
<OVERDISTRIB-NII-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           601
<INTEREST-EXPENSE>                                0
<GROSS-EXPENSE>                                 761
<AVERAGE-NET-ASSETS>                        197,297
<PER-SHARE-NAV-BEGIN>                      1,003.45
<PER-SHARE-OFFERING COSTS>                   (2.11)
<PER-SHARE-NII>                               23.98
<PER-SHARE-REALIZED GAIN/LOSS>                 0.00
<PER-SHARE-GAIN-APPREC>                      (1.65)
<PER-SHARE-DIVIDEND>                           0.00
<PER-SHARE-GAIN DIVIDEND>                      0.00
<PER-SHARE-DISTRIBUTION>                    (10.15)
<PER-SHARE-ALLOWANCE FOR MGT INCENT>           0.00
<RETURNS-OF-CAPITAL>                           0.00
<PER-SHARE-NAV-END>                        1,013.52
<EXPENSE-RATIO>                                0.78
<AVG-DEBT-OUTSTANDING>                            0
<AVG-DEBT-PER-SHARE>                              0
        



</TABLE>