<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Ziegler
Mortgage Securities Inc., II financial statements and is qualified in its
entirety by reference to such financial statements.


                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                          55,355
<SECURITIES>                                32,117,001
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              34,507,438
<CURRENT-LIABILITIES>                                0
<BONDS>                                     33,024,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    500,000
<COMMON>                                        20,000
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                34,507,438
<SALES>                                              0
<TOTAL-REVENUES>                             1,272,510
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               128,601
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,143,909
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                         0
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0