EX-27

 

<ARTICLE> 6
<CIK> 0000746601
<NAME> SIT MUTUAL FUNDS II, INC.

   <NUMBER> 1
   <NAME> SIT TAX FREE INCOME FUND
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                      338,683,641
<INVESTMENTS-AT-VALUE>                     345,138,994
<RECEIVABLES>                                6,403,981
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             351,542,975
<PAYABLE-FOR-SECURITIES>                     7,668,543
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,334,226
<TOTAL-LIABILITIES>                          9,002,769
<SENIOR-EQUITY>                                 34,339
<PAID-IN-CAPITAL-COMMON>                   337,288,983
<SHARES-COMMON-STOCK>                       34,338,517
<SHARES-COMMON-PRIOR>                       28,317,895
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           7,426
<ACCUMULATED-NET-GAINS>                     (1,231,043)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,455,353
<NET-ASSETS>                               342,540,206
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           18,996,651
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,327,758
<NET-INVESTMENT-INCOME>                     16,668,893
<REALIZED-GAINS-CURRENT>                     1,239,489
<APPREC-INCREASE-CURRENT>                    1,148,455
<NET-CHANGE-FROM-OPS>                       19,056,837
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   16,676,319
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     15,592,536
<NUMBER-OF-SHARES-REDEEMED>                 10,828,540
<SHARES-REINVESTED>                          1,256,626
<NET-CHANGE-IN-ASSETS>                      62,771,606
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (2,470,532)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,374,577
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,374,577
<AVERAGE-NET-ASSETS>                       296,175,656
<PER-SHARE-NAV-BEGIN>                             9.88
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                            .10
<PER-SHARE-DIVIDEND>                               .56
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.98
<EXPENSE-RATIO>                                    .79
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


 

EX-27

 

<ARTICLE> 6
<CIK> 0000746601
<NAME> SIT MUTUAL FUNDS II, INC.

   <NUMBER> 3
   <NAME> SIT BOND FUND
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                        6,453,777
<INVESTMENTS-AT-VALUE>                       6,340,296
<RECEIVABLES>                                   74,570
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               6,414,866
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       11,404
<TOTAL-LIABILITIES>                             11,404
<SENIOR-EQUITY>                                    666
<PAID-IN-CAPITAL-COMMON>                     6,565,413
<SHARES-COMMON-STOCK>                          665,705
<SHARES-COMMON-PRIOR>                          531,102
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (49,136)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (113,481)
<NET-ASSETS>                                 6,403,462
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              399,892
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  43,801
<NET-INVESTMENT-INCOME>                        356,091
<REALIZED-GAINS-CURRENT>                      (26,666)
<APPREC-INCREASE-CURRENT>                     (64,569)
<NET-CHANGE-FROM-OPS>                          264,856
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      356,091
<DISTRIBUTIONS-OF-GAINS>                        38,869
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        198,683
<NUMBER-OF-SHARES-REDEEMED>                     97,629
<SHARES-REINVESTED>                             33,549
<NET-CHANGE-IN-ASSETS>                       1,181,075
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       16,399
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           43,801
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 43,801
<AVERAGE-NET-ASSETS>                         5,462,994
<PER-SHARE-NAV-BEGIN>                             9.83
<PER-SHARE-NII>                                    .64
<PER-SHARE-GAIN-APPREC>                          (.14)
<PER-SHARE-DIVIDEND>                               .64
<PER-SHARE-DISTRIBUTIONS>                          .07
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.62
<EXPENSE-RATIO>                                    .80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0