[ARTICLE] 6
[CIK] 0000890068
[NAME] MANAGED MUNICIPALS PORTFOLIO 2 INC.
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          AUG-31-1996
[PERIOD-END]                               AUG-31-1996
[INVESTMENTS-AT-COST]                      143,736,391
[INVESTMENTS-AT-VALUE]                     141,203,375
[RECEIVABLES]                                1,993,229
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             143,196,604
[PAYABLE-FOR-SECURITIES]                     7,401,358
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,365,762
[TOTAL-LIABILITIES]                          8,767,120
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   134,020,329
[SHARES-COMMON-STOCK]                       11,216,668
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                      461,090
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      2,469,864
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (2,533,016)
[NET-ASSETS]                               134,429,484
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            8,935,114
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,526,500
[NET-INVESTMENT-INCOME]                      7,408,614
[REALIZED-GAINS-CURRENT]                     3,856,189
[APPREC-INCREASE-CURRENT]                  (6,183,178)
[NET-CHANGE-FROM-OPS]                        5,081,625
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    7,553,614
[DISTRIBUTIONS-OF-GAINS]                     1,747,555
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                       5,081,625
[ACCUMULATED-NII-PRIOR]                        605,716
[ACCUMULATED-GAINS-PRIOR]                      361,604
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          979,107
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,526,500
[AVERAGE-NET-ASSETS]                       139,488,166
[PER-SHARE-NAV-BEGIN]                            12.36
[PER-SHARE-NII]                                  00.66
[PER-SHARE-GAIN-APPREC]                         (0.21)
[PER-SHARE-DIVIDEND]                            00.059
[PER-SHARE-DISTRIBUTIONS]                        00.67
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.98
[EXPENSE-RATIO]                                  01.09
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>