UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-6718
Name of Fund: MuniYield Quality Fund II, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, MuniYield Quality Fund II, Inc., 800 Scudders Mill Road,
Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ
08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 10/31/05
Date of reporting period: 05/01/05 - 07/31/05
Item 1 - Schedule of Investments
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Alaska - 0.5% $ 1,400 Alaska State International Airports Revenue Bonds, Series B, 5.75% due 10/01/2019 (a) $ 1,576
-----------------------------------------------------------------------------------------------------------------------------------
Arizona - 1.0% 2,700 Northern Arizona University System Revenue Bonds, 5.50% due 6/01/2034 (c) 2,988
-----------------------------------------------------------------------------------------------------------------------------------
California - 30.2% 8,150 Alameda Corridor Transportation Authority, California, Revenue Refunding Bonds,
Subordinated Lien, Series A, 5.319%** due 10/01/2025 (a) 6,061
2,500 California Health Facilities Financing Authority Revenue Bonds (Kaiser Permanente),
RIB, Series 26, 8.37% due 6/01/2022 (f)(l) 2,819
2,490 California State Department of Water Resources, Power Supply Revenue Bonds, Series A,
5.375% due 5/01/2022 (i) 2,751
4,600 California State, GO, 5.125% due 2/01/2027 4,865
California State, GO, Refunding:
2,800 5.25% due 9/01/2026 2,987
1,780 5.25% due 2/01/2030 (h) 1,908
5,300 5.25% due 2/01/2030 (i) 5,682
1,950 ROLS, Series II-R-272, 8.026% due 2/01/2033 (k)(l) 2,180
California State, Various Purpose, GO:
2,750 5.25% due 11/01/2029 2,918
6,500 5.50% due 11/01/2033 7,093
15,000 East Side Union High School District, California, Santa Clara County, Capital
Appreciation, GO (Election of 2002), Series E, 5.15%** due 8/01/2029 (h) 4,374
2,770 Fairfield-Suisun, California, Unified School District, GO (Election of 2002),
5.50% due 8/01/2028 (i) 3,082
Portfolio Abbreviations
To simplify the listings of MuniYield Quality Fund II, Inc.'s portfolio holdings
in the Schedule of Investments, we have abbreviated the names of many of the
securities according to the list at right.
AMT Alternative Minimum Tax (subject to)
DRIVERS Derivative Inverse Tax-Exempt Receipts
EDA Economic Development Authority
GO General Obligation Bonds
HDA Housing Development Authority
HFA Housing Finance Authority
IDA Industrial Development Authority
IDB Industrial Development Board
PCR Pollution Control Revenue Bonds
RIB Residual Interest Bonds
ROLS Reset Option Long Securities
S/F Single-Family
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Golden State Tobacco Securitization Corporation of California, Tobacco
Settlement Revenue Bonds, Series B (j):
$ 2,750 5.60% due 6/01/2010 $ 3,040
4,350 5.50% due 6/01/2013 (h) 4,881
7,075 5.625% due 6/01/2013 (b) 7,998
1,300 5.625% due 6/01/2013 (h) 1,470
2,750 Golden State Tobacco Securitization Corporation of California, Tobacco
Settlement Revenue Refunding Bonds, Series A, 5% due 6/01/2035 (c) 2,885
2,815 John Swett Unified School District, California, GO, Series A, 5.50%
due 8/01/2026 (f) 3,102
4,900 Los Angeles, California, Unified School District, GO, Series A, 5%
due 1/01/2028 (i) 5,172
2,900 Palm Springs, California, Financing Authority, Lease Revenue Refunding Bonds
(Convention Center Project), Series A, 5.50% due 11/01/2029 (i) 3,247
1,250 Poway, California, Redevelopment Agency, Tax Allocation Refunding Bonds (Paguay
Redevelopment Project), 5.125% due 6/15/2033 (a) 1,311
6,000 Sacramento, California, Municipal Utility District, Electric Revenue Bonds,
Series N, 5% due 8/15/2028 (i) 6,244
5,000 Sacramento County, California, Sanitation District, Financing Authority, Revenue
Refunding Bonds, Series A, 6% due 12/01/2019 5,102
1,325 Tamalpais, California, Union High School District, GO (Election of 2001), 5%
due 8/01/2028 (f) 1,394
-----------------------------------------------------------------------------------------------------------------------------------
Colorado - 6.7% Colorado Health Facilities Authority Revenue Bonds, Series A:
1,150 (Catholic Health Initiatives), 5.50% due 3/01/2032 (n) 1,269
1,200 (Covenant Retirement Communities Inc.), 5.50% due 12/01/2027 (k) 1,285
675 (Covenant Retirement Communities Inc.), 5.50% due 12/01/2033 (k) 720
Colorado Housing and Finance Authority, Revenue Refunding Bonds, AMT (i):
1,610 (S/F Program), Series B-2, 6.80% due 2/01/2031 1,706
630 Series E-2, 7% due 2/01/2030 660
7,500 E-470 Public Highway Authority, Colorado, Capital Appreciation Revenue Refunding
Bonds, Series B, 5.607%** due 9/01/2032 (i) 1,756
13,250 Northwest Parkway, Colorado, Public Highway Authority, Capital Appreciation Revenue
Bonds, Senior Convertible, Series C, 5.33%** due 6/15/2025 (f) 11,086
1,735 Northwest Parkway, Colorado, Public Highway Authority Revenue Bonds, Series A, 5.50%
due 6/15/2021 (a) 1,927
-----------------------------------------------------------------------------------------------------------------------------------
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Connecticut - 3.7% $ 1,100 Connecticut State Regional Learning Educational Service Center Revenue Bonds
(Office/Education Center Facility), 7.75% due 2/01/2006 (j) $ 1,147
9,325 Connecticut State Resource Recovery Authority, Revenue Refunding Bonds, DRIVERS,
Series 187, 8.375% due 11/15/2011 (i)(l) 10,294
-----------------------------------------------------------------------------------------------------------------------------------
Florida - 1.9% 3,575 Orange County, Florida, Sales Tax Revenue Refunding Bonds, Series B, 5.125%
due 1/01/2032 (c) 3,781
Miami-Dade County, Florida, Subordinate Special Obligation Revenue Bonds, Series
A (i):
4,575 5.21%** due 10/01/2034 1,024
4,495 5.22%** due 10/01/2035 954
-----------------------------------------------------------------------------------------------------------------------------------
Georgia - 4.2% 5,000 Atlanta, Georgia, Airport General Revenue Refunding Bonds, Series B, 5.25%
due 1/01/2033 (f) 5,368
5,000 Atlanta, Georgia, Airport Revenue Refunding Bonds, Series A, 5.875% due 1/01/2017 (c) 5,538
1,900 Augusta, Georgia, Water and Sewer Revenue Bonds, 5.25% due 10/01/2039 (f) 2,043
-----------------------------------------------------------------------------------------------------------------------------------
Illinois - 18.4% Chicago, Illinois, O'Hare International Airport Revenue Bonds, 3rd Lien, AMT,
Series B-2:
5,200 5.75% due 1/01/2023 (f) 5,751
2,200 6% due 1/01/2029 (h) 2,477
4,750 Chicago, Illinois, O'Hare International Airport, Revenue Refunding Bonds, DRIVERS,
AMT, Series 844Z, 8.048% due 7/01/2010 (i)(l) 5,410
2,830 Chicago, Illinois, Park District, GO, Refunding, Series C, 5.50% due 1/01/2021 (c) 3,102
3,000 Cook County, Illinois, Capital Improvement, GO, Series C, 5.50% due 11/15/2026 (a) 3,316
10,000 Illinois Regional Transportation Authority Revenue Bonds, 6.50% due 7/01/2026 (i) 13,081
22,300 Illinois Sports Facilities Authority, State Tax Supported Revenue Bonds, 5.267%**
due 6/15/2030 (a) 18,716
3,625 Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax, Revenue
Refunding Bonds, DRIVERS, Series 269, 8.73% due 6/15/2023 (i)(l) 4,557
-----------------------------------------------------------------------------------------------------------------------------------
Indiana - 3.6% Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A (c):
3,750 5.25% due 6/01/2028 4,038
5,000 5.25% due 6/01/2029 5,380
1,500 Indianapolis, Indiana, Local Public Improvement Bond Bank Revenue Bonds (Waterworks
Project), Series A, 5.25% due 7/01/2033 (i) 1,606
-----------------------------------------------------------------------------------------------------------------------------------
Kansas - 0.7% 2,025 Sedgwick and Shawnee Counties, Kansas, S/F Mortgage-Backed Revenue Refunding Bonds,
AMT, Series A-2, 6.45% due 12/01/2033 (e)(i) 2,121
-----------------------------------------------------------------------------------------------------------------------------------
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Louisiana - 4.6% $ 2,445 Jefferson Parish, Louisiana, Home Mortgage Authority, S/F Mortgage Revenue Bonds,
AMT, Series B-1, 6.65% due 12/01/2033 (e)(i) $ 2,500
3,900 Louisiana Local Government, Environmental Facilities, Community Development Authority
Revenue Bonds (Capital Projects and Equipment Acquisition), Series A, 6.30%
due 7/01/2030 (a) 4,244
3,185 Louisiana State Transportation Authority, Senior Lien Toll Revenue Capital
Appreciation Bonds, Series B, 5.31%** due 12/01/2027 (a) 997
4,650 New Orleans, Louisiana, Ernest N. Morial Exhibit Hall Authority, Special Tax,
Sub-Series A, 5.25% due 7/15/2028 (a) 4,974
1,300 Terrebonne Parish, Louisiana, Hospital Service District Number 1, Hospital Revenue
Bonds (Terrebonne General Medical Center Project), 5.50% due 4/01/2033 (a) 1,413
-----------------------------------------------------------------------------------------------------------------------------------
Massachusetts - 8.0% Massachusetts Bay Transportation Authority, Sales Tax Revenue Refunding Bonds,
Senior Series A:
1,265 5% due 7/01/2032 1,317
1,375 5% due 7/01/2035 1,417
10,000 Massachusetts State, HFA, Housing Revenue Bonds, DRIVERS, AMT, Series 982, 7.832%
due 1/01/2011 (f)(l) 10,446
2,785 Massachusetts State Port Authority, Special Facilities Revenue Bonds, DRIVERS, AMT,
Series 501, 8.32% due 7/01/2009 (a)(l) 3,106
5,300 Massachusetts State School Building Authority, Dedicated Sales Tax Revenue Bonds,
Series A, 5% due 8/15/2030 (f) 5,622
1,800 Massachusetts State Special Obligation Dedicated Tax Revenue Bonds, 5.25%
due 1/01/2014 (c)(j) 1,989
550 Massachusetts State Water Resource Authority, General Revenue Refunding Bonds,
Series B, 5.125% due 8/01/2027 (i) 581
-----------------------------------------------------------------------------------------------------------------------------------
Michigan - 8.2% Detroit, Michigan, Water Supply System Revenue Bonds, Series B (i):
8,900 5.25% due 7/01/2032 9,524
3,250 5% due 7/01/2034 3,395
1,300 Michigan Higher Education Student Loan Authority, Student Loan Revenue Refunding
Bonds, AMT, Series XVII-G, 5.20% due 9/01/2020 (a) 1,362
2,685 Michigan State, HDA, Revenue Refunding Bonds, Series C, 5.90% due 12/01/2015 (d)(f) 2,789
Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Detroit
Edison Company Project), AMT (h):
1,000 Series A, 5.50% due 6/01/2030 1,077
3,900 Series C, 5.45% due 12/15/2032 4,143
2,625 Wayne County, Michigan, Airport Authority Revenue Bonds, DRIVERS, AMT, Series 986,
7.844% due 6/01/2013 (i)(l) 2,974
-----------------------------------------------------------------------------------------------------------------------------------
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Missouri - 2.0% Saint Louis County, Missouri, Pattonville R-3 School District, GO
(Missouri Direct Deposit Program) (c)(j):
$ 4,000 5.75% due 3/01/2010 $ 4,462
1,500 6% due 3/01/2010 1,689
-----------------------------------------------------------------------------------------------------------------------------------
Nevada - 2.4% 2,800 Carson City, Nevada, Hospital Revenue Bonds (Carson-Tahoe Hospital Project), Series
A, 5.50% due 9/01/2033 (k) 2,986
Clark County, Nevada, Airport System Subordinate Lien Revenue Bonds, Series A-2 (c):
1,500 5% due 7/01/2030 1,566
2,700 5% due 7/01/2036 2,810
-----------------------------------------------------------------------------------------------------------------------------------
New Jersey - 5.9% 3,000 Garden State Preservation Trust of New Jersey, Open Space and Farmland Preservation
Revenue Bonds, Series A, 5.80% due 11/01/2021 (f) 3,460
New Jersey EDA, Cigarette Tax Revenue Bonds
1,070 5.75% due 6/15/2029 1,147
500 5.50% due 6/15/2031 524
New Jersey EDA, Motor Vehicle Surcharge Revenue Bonds, Series A (i):
2,400 5% due 7/01/2029 2,540
4,800 5.25% due 7/01/2033 5,194
New Jersey EDA, Revenue Bonds, ROLS (g)(l)(m):
2,300 Series II-R-309-1, 8.543% due 6/15/2024 2,694
2,000 Series II-R-309-2, 8.543% due 6/15/2031 2,363
-----------------------------------------------------------------------------------------------------------------------------------
New Mexico - 2.3% 6,295 New Mexico State Highway Commission, Tax Revenue Bonds, Senior Sub-Lien, Series A, 6%
due 6/15/2010 (f)(j) 7,066
-----------------------------------------------------------------------------------------------------------------------------------
New York - 9.4% 9,280 Nassau Health Care Corporation, New York, Health System Revenue Bonds, 5.75%
due 8/01/2009 (f)(j) 10,376
1,900 New York City, New York, City Transitional Finance Authority, Future Tax Secured,
Revenue Refunding Bonds, Series C, 5.50% due 11/01/2024 2,073
2,720 New York City, New York, GO, Series D, 5.875% due 6/01/2021 (i) 3,080
5,000 New York State Dormitory Authority, Revenue Refunding Bonds (State University
Educational Facilities), 5.75% due 5/15/2010 (c)(j) 5,610
7,115 Tobacco Settlement Financing Corporation of New York Revenue Bonds, Series A-1, 5.25%
due 6/01/2022 (a) 7,703
-----------------------------------------------------------------------------------------------------------------------------------
Ohio - 2.3% Plain, Ohio, Local School District, GO, Refunding (c):
5,120 6% due 6/01/2011 (j) 5,804
1,170 6% due 12/01/2020 1,316
-----------------------------------------------------------------------------------------------------------------------------------
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Pennsylvania - 6.2% Allegheny County, Pennsylvania, Sanitation Authority, Sewer Revenue Bonds (i):
$ 500 5.50% due 12/01/2010 (j) $ 557
100 5.50% due 12/01/2030 110
3,335 Delaware River Port Authority of Pennsylvania and New Jersey Revenue Bonds, RIB,
Series 396, 9.373% due 1/01/2019 (f)(l) 4,048
5,500 Pennsylvania State Public School Building Authority, School Lease Revenue Bonds (The
School District of Philadelphia Project ), 5% due 6/01/2033 (f) 5,742
3,230 Philadelphia, Pennsylvania, Authority for Industrial Development, Lease Revenue
Bonds, Series B, 5.50% due 10/01/2020 (f) 3,567
4,500 Philadelphia, Pennsylvania, School District, GO, Series B, 5.625%
due 8/01/2012 (c)(j) 5,077
-----------------------------------------------------------------------------------------------------------------------------------
Rhode Island - 1.4% 4,010 Rhode Island State Health and Educational Building Corporation, Higher Education
Facilities Revenue Bonds (University of Rhode Island), Series A, 5.70%
due 9/15/2024 (i) 4,386
-----------------------------------------------------------------------------------------------------------------------------------
South 2,500 Spartanburg County, South Carolina, Solid Waste Disposal Facilities Revenue Bonds
Carolina - 0.8% (BMW Project), AMT, 7.55% due 11/01/2024 2,599
-----------------------------------------------------------------------------------------------------------------------------------
Tennessee - 2.7% 7,365 Chattanooga, Tennessee, IDB, Lease Rent Revenue Bonds (Southside Redevelopment
Corporation), 5.875% due 10/01/2024 (a) 8,182
-----------------------------------------------------------------------------------------------------------------------------------
Texas - 13.8% 4,000 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.), Trust
Certificates, Second Tier, Series B, 5.75% due 1/01/2032 4,159
2,730 Corpus Christi, Texas, Utility System Revenue Refunding Bonds, Series A, 6%
due 7/15/2010 (f)(j) 3,067
3,250 Dallas-Fort Worth, Texas, International Airport Revenue Bonds, DRIVERS, AMT, Series
202, 9.325% due 11/01/2028 (c)(l) 3,841
Dickinson, Texas, Independent School District, GO, Refunding (i):
1,185 6% due 2/15/2010 (j) 1,322
55 6% due 2/15/2017 61
1,190 6% due 2/15/2018 1,319
4,000 Gregg County, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Good Shepherd Medical Center Project), 6.875% due 10/01/2020 (k) 4,589
1,900 Houston, Texas, Airport System Revenue Refunding Bonds, Sub-Lien, Series B, 5.50%
due 7/01/2030 (f) 2,047
9,345 Leander, Texas, Independent School District, Capital Appreciation, GO, Refunding
(School Building), 5.51%** due 8/15/2030 (c) 2,465
3,500 Lower Colorado River Authority, Texas, PCR (Samsung Austin Semiconductor), AMT,
6.375% due 4/01/2027 3,737
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 4,925 North Harris County, Texas, Regional Water Authority, Senior Lien Revenue
Bonds, 5.125% due 12/15/2035 (i) $ 5,206
Texas State Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First
Tier, Series A (a):
4,800 5.75% due 8/15/2038 5,364
3,600 5.50% due 8/15/2039 3,966
1,000 University of Houston, Texas, University Revenue Bonds, 5.50% due 2/15/2030 (i) 1,074
-----------------------------------------------------------------------------------------------------------------------------------
Virginia - 0.8% 2,100 Halifax County, Virginia, IDA, Exempt Facility Revenue Refunding Bonds (Old Dominion
Electric Cooperative Project), AMT, 5.625% due 6/01/2028 (a) 2,310
-----------------------------------------------------------------------------------------------------------------------------------
Washington - 6.3% 2,150 King County, Washington, Sewer Revenue Refunding Bonds, Series B, 5.50%
due 1/01/2027 (f) 2,346
1,600 Port of Tacoma, Washington, Revenue Refunding Bonds, Series A, 5.25%
due 12/01/2034 (a) 1,722
7,470 Port Seattle, Washington, Revenue Bonds, AMT, Series B, 6% due 2/01/2016 (i) 8,231
6,150 Seattle, Washington, Municipal Light and Power Revenue Bonds, 6%
due 10/01/2009 (i)(j) 6,869
-----------------------------------------------------------------------------------------------------------------------------------
Puerto Rico - 0.9% 2,500 Puerto Rico Municipal Finance Agency, GO, Series A, 5.50% due 8/01/2023 (f) 2,704
-----------------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds (Cost - $429,833) - 148.9% 456,243
-----------------------------------------------------------------------------------------------------------------------------------
Shares
Held Short-Term Securities
-----------------------------------------------------------------------------------------------------------------------------------
6,800 Merrill Lynch Institutional Tax-Exempt Fund (o) 6,800
-----------------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities (Cost - $6,800) - 2.2% 6,800
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $436,633*) - 151.1% 463,043
Liabilities in Excess of Other Assets - (2.1%) (6,513)
Preferred Stock, at Redemption Value - (49.0%) (150,022)
---------
Net Assets Applicable to Common Stock - 100.0% $ 306,508
=========
* The cost and unrealized appreciation (depreciation) of investments as of
July 31, 2005, as computed for federal income tax purposes, were as
follows:
(in Thousands)
--------------------------------------------------------------------------
Aggregate cost $ 436,633
=========
Gross unrealized appreciation $ 27,076
Gross unrealized depreciation (666)
---------
Net unrealized appreciation $ 26,410
=========
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005
** Represents a zero coupon or step bond; the interest rate shown is the
effective yield at the time of purchase by the Fund.
(a) AMBAC Insured.
(b) CIFG Insured.
(c) FGIC Insured.
(d) FHA Insured.
(e) FNMA/GNMA Collateralized.
(f) FSA Insured.
(g) The security may be offered and sold to "qualified institutional buyers"
under Rule 144A of the Securities Act of 1933.
(h) XL Capital Insured.
(i) MBIA Insured.
(j) Prerefunded.
(k) Radian Insured.
(l) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(m) Assured Guaranty Insured.
(n) Escrowed to maturity.
(o) Investments in companies considered to be an affiliate of the Fund, for
purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as
follows:
(in Thousands)
--------------------------------------------------------------------------
Net Dividend
Affiliate Activity Income
--------------------------------------------------------------------------
Merrill Lynch Institutional
Tax-Exempt Fund 3,934 $ 36
--------------------------------------------------------------------------
MuniYield Quality Fund II, Inc.
Schedule of Investments as of July 31, 2005
Forward interest rate swaps outstanding as of July 31, 2005 were as
follows:
(in Thousands)
--------------------------------------------------------------------------
Notional Unrealized
Amount Appreciation
--------------------------------------------------------------------------
Pay a fixed rate of 3.593% and receive
a floating rate based on 1-week USD
Bond Market Association rate
Broker, JPMorgan Chase Bank
Expires August 2015 $30,000 $ 99
Pay a fixed rate of 3.542% and receive
a floating rate based on 1-week USD
Bond Market Association rate
Broker, JPMorgan Chase Bank
Expires October 2015 $15,000 142
Pay a fixed rate of 3.88% and receive
a floating rate based on 1-week USD
Bond Market Association rate
Broker, Morgan Stanley Capital Services, Inc.
Expires September 2025 $10,000 110
--------------------------------------------------------------------------
Total $ 351
=====
Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our evaluation
of these controls and procedures as of a date within 90 days prior to the
filing date of this report.
2(b) - There were no changes in the registrant's internal control over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the period
covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting.
Item 3 - Exhibits
Certifications - Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
MuniYield Quality Fund II, Inc.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.,
Chief Executive Officer
MuniYield Quality Fund II, Inc.
Date: September 23, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.,
Chief Executive Officer
MuniYield Quality Fund II, Inc.
Date: September 23, 2005
By: /s/ Donald C. Burke
-----------------------
Donald C. Burke,
Chief Financial Officer
MuniYield Quality Fund II, Inc.
Date: September 23, 2005