[ARTICLE] 6
[CIK] 0000890068
[NAME] MANAGED MUNICIPAL PORTFOLIO II INC.
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1997
[PERIOD-END]                               AUG-31-1997
[INVESTMENTS-AT-COST]                      136,836,478
[INVESTMENTS-AT-VALUE]                     137,034,450
[RECEIVABLES]                                4,194,661
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             141,229,111
[PAYABLE-FOR-SECURITIES]                     4,157,239
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      554,822
[TOTAL-LIABILITIES]                          4,712,061
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   134,246,087
[SHARES-COMMON-STOCK]                       11,234,706
[SHARES-COMMON-PRIOR]                       11,216,668
[ACCUMULATED-NII-CURRENT]                      248,918
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      1,824,073
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                       197,972
[NET-ASSETS]                               136,517,050
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            8,561,123
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,491,104
[NET-INVESTMENT-INCOME]                      7,070,019
[REALIZED-GAINS-CURRENT]                     2,550,959
[APPREC-INCREASE-CURRENT]                    2,730,988
[NET-CHANGE-FROM-OPS]                       12,351,966
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    7,282,191
[DISTRIBUTIONS-OF-GAINS]                     3,196,750
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                            214,541
[NET-CHANGE-IN-ASSETS]                       2,087,566
[ACCUMULATED-NII-PRIOR]                        461,090
[ACCUMULATED-GAINS-PRIOR]                    2,469,864
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,216,440
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,491,104
[AVERAGE-NET-ASSETS]                       135,165,634
[PER-SHARE-NAV-BEGIN]                            11.98
[PER-SHARE-NII]                                  00.63
[PER-SHARE-GAIN-APPREC]                          00.48
[PER-SHARE-DIVIDEND]                             00.65
[PER-SHARE-DISTRIBUTIONS]                        00.29
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.15
[EXPENSE-RATIO]                                  01.10
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>