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VANGUARD REAL ESTATE FUND II REPORTS 1993 EARNINGS

 VALLEY FORGE, Pa., April 19 /PRNewswire/ -- Vanguard Real Estate Fund II (AMEX: VRT) today reported income of $297,000 or $0.05 (five cents) per share for the year ended December 31, 1993. For 1992, the Fund had a loss of $(5,383,000) or $(0.82) (eighty-two cents) per share.
 VANGUARD REAL ESTATE FUND II
 Year ended December 31 1993 1992
 Revenues $6,970,000 $5,239,000
 Net Income (loss) $ 297,000 ($5,383,000)
 Earnings (loss) per share $0.05 ($0.82)
 The communication shall not constitute an offer to sell or the solicitation of an offer to buy shares of Vanguard Real Estate Fund II.
 -0- 4/19/94
 /CONTACT: Jeffrey S. Molitor of The Vanguard Group, 215-669-6303/


CO: Vanguard Real Estate Fund II ST: Pennsylvania IN: FIN SU: ERN

MJ-JM -- PH046 -- 7184 04/19/94 17:09 EDT
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Publication:PR Newswire
Date:Apr 19, 1994
Words:143
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