UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM N-PX

               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                         MANAGEMENT INVESTMENT COMPANY

Investment Company Act number       811-04033
                              --------------------------------------------------

                            Sit Mutual Funds II, Inc.
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               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

            3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402
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               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

                         Kelly K. Boston, Staff Attorney
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            3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402
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                     (NAME AND ADDRESS OF AGENT FOR SERVICE)

Registrant's telephone number, including area code: 612-332-3223

Date of fiscal year end:  March 31, 2008
                          -------------------------------

Date of reporting period: July 1, 2007 - June 30, 2008
                          -------------------------------



******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-04033
Reporting Period: 07/01/2007 - 06/30/2008
Sit Mutual Funds II, Inc.







================ SIT HIGH INCOME MUNICIPAL BOND FUND (SERIES D) ================


DREYFUS FUNDS

Ticker:       DTVXX          Security ID:  26202K205
Meeting Date: AUG 15, 2007   Meeting Type: Special
Record Date:  JUN 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph S. Dimartino        For       For        Management
1.2   Elect Director Philip L. Toia             For       For        Management
1.3   Elect Director Benaree Pratt Wiley        For       For        Management


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DWS STRATEGIC MUNICIPLE INCOME TRUST

Ticker:       KSM            Security ID:  23338T101
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John W. Ballantine        For       For        Management
1.2   Elect  Director Henry P. Becton, Jr.      For       For        Management
1.3   Elect  Director Dawn-Marie Driscoll       For       For        Management
1.4   Elect  Director Keith R. Fox              For       For        Management
1.5   Elect  Director Paul K. Freeman           For       For        Management
1.6   Elect  Director Kenneth C. Froewiss       For       For        Management
1.7   Elect  Director Richard J. Herring        For       For        Management
1.8   Elect  Director William Mcclayton         For       For        Management
1.9   Elect  Director Rebecca W. Rimel          For       For        Management
1.10  Elect  Director William N. Searcy, Jr.    For       For        Management
1.11  Elect  Director Jean Gleason Stromberg    For       For        Management


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VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS

Ticker:       VGM            Security ID:  920929106
Meeting Date: JUN 18, 2008   Meeting Type: Annual
Record Date:  APR 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David C. Arch             For       For        Management
1.2   Elect  Director Jerry D. Choate           For       For        Management
1.3   Elect  Director Howard J Kerr             For       For        Management
1.4   Elect  Director Suzanne H. Woolsey        For       For        Management


                                     Page 1


================ SIT MINNESOTA TAX-FREE INCOME FUND (SERIES B) =================


FIRST AMERICAN MINNESOTA MUNICIPAL INCOME FUND II, INC.

Ticker:       MXN            Security ID:  31849P104
Meeting Date: DEC 4, 2007    Meeting Type: Annual
Record Date:  OCT 17, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Benjamin R. Field III      For       For        Management
1.2   Elect Director Victoria J. Herget         For       For        Management
1.3   Elect Director John P. Kayser             For       For        Management
1.4   Elect Director Richard K. Riederer        For       For        Management
1.5   Elect Director Joseph D. Strauss          For       For        Management
1.6   Elect Director Virginia L. Stringer       For       For        Management
1.7   Elect Director James M. Wade              For       For        Management
2     Ratify Auditors                           For       For        Management


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MINNESOTA MUNICIPAL INCOME PORTFOLIO, INC.

Ticker:       MXA            Security ID:  604062109
Meeting Date: DEC 4, 2007    Meeting Type: Annual
Record Date:  OCT 17, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Benjamin R. Field III      For       For        Management
1.2   Elect Director Victoria J. Herget         For       For        Management
1.3   Elect Director John P. Kayser             For       For        Management
1.4   Elect Director Richard K. Riederer        For       For        Management
1.5   Elect Director Joseph D. Strauss          For       For        Management
1.6   Elect Director Virginia L. Stringer       For       For        Management
1.7   Elect Director James M. Wade              For       For        Management
2     Ratify Auditors                           For       For        Management




===================== SIT TAX-FREE INCOME FUND (SERIES A) ======================


BLACKROCK MUNIHOLDINGS INSURED FUND II INC

Ticker:       MUE            Security ID:  09254C107
Meeting Date: AUG 16, 2007   Meeting Type: Annual
Record Date:  JUN 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee G. Nicholas Beckwith, III   For       For        Management
1.2   Elect Trustee Richard E. Cavanagh         For       For        Management
1.3   Elect Trustee Richard S. Davis            For       For        Management
1.4   Elect Trustee Kent Dixon                  For       For        Management
1.5   Elect Trustee Kathleen F. Feldstein       For       For        Management
1.6   Elect Trustee James T. Flynn              For       For        Management
1.7   Elect Trustee Henry Gabbay                For       For        Management
1.8   Elect Trustee Jerrold B. Harris           For       For        Management
1.9   Elect Trustee R. Glenn Hubbard            For       For        Management
1.10  Elect Trustee Karen P. Robards            For       For        Management
1.11  Elect Trustee Robert S. Salomon, Jr.      For       For        Management


                                     Page 2


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BLACKROCK MUNIYIELD FLORIDA INC

Ticker:       MYF            Security ID:  09254R104
Meeting Date: AUG 16, 2007   Meeting Type: Annual
Record Date:  JUN 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee G. Nicholas Beckwith, III   For       For        Management
1.2   Elect Trustee Richard E. Cavanagh         For       For        Management
1.3   Elect Trustee Richard S. Davis            For       For        Management
1.4   Elect Trustee Kent Dixon                  For       For        Management
1.5   Elect Trustee Kathleen F. Feldstein       For       For        Management
1.6   Elect Trustee James T. Flynn              For       For        Management
1.7   Elect Trustee Henry Gabbay                For       For        Management
1.8   Elect Trustee Jerrold B. Harris           For       For        Management
1.9   Elect Trustee R. Glenn Hubbard            For       For        Management
1.10  Elect Trustee Karen P. Robards            For       For        Management
1.11  Elect Trustee Robert S. Salomon, Jr.      For       For        Management


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BLACKROCK MUNIYIELD INSURED FUND INC

Ticker:       MYI            Security ID:  09254E103
Meeting Date: AUG 16, 2007   Meeting Type: Annual
Record Date:  JUN 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee G. Nicholas Beckwith, III   For       For        Management
1.2   Elect Trustee Richard E. Cavanagh         For       For        Management
1.3   Elect Trustee Richard S. Davis            For       For        Management
1.4   Elect Trustee Kent Dixon                  For       For        Management
1.5   Elect Trustee Kathleen F. Feldstein       For       For        Management
1.6   Elect Trustee James T. Flynn              For       For        Management
1.7   Elect Trustee Henry Gabbay                For       For        Management
1.8   Elect Trustee Jerrold B. Harris           For       For        Management
1.9   Elect Trustee R. Glenn Hubbard            For       For        Management
1.10  Elect Trustee Karen P. Robards            For       For        Management
1.11  Elect Trustee Robert S. Salomon, Jr.      For       For        Management


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DREYFUS FUNDS

Ticker:       DTVXX          Security ID:  26202K205
Meeting Date: AUG 15, 2007   Meeting Type: Special
Record Date:  JUN 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph S. Dimartino        For       For        Management
1.2   Elect Director Philip L. Toia             For       For        Management
1.3   Elect Director Benaree Pratt Wiley        For       For        Management


                                     Page 3


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DWS MUNICIPLE INCOME TRUST

Ticker:       KTF            Security ID:  23338M106
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John W. Ballantine        For       For        Management
1.2   Elect  Director Henry P. Becton, Jr.      For       For        Management
1.3   Elect  Director Dawn-Marie Driscoll       For       For        Management
1.4   Elect  Director Keith R. Fox              For       For        Management
1.5   Elect  Director Paul K. Freeman           For       For        Management
1.6   Elect  Director Kenneth C. Froewiss       For       For        Management
1.7   Elect  Director Richard J. Herring        For       For        Management
1.8   Elect  Director William Mcclayton         For       For        Management
1.9   Elect  Director Rebecca W. Rimel          For       For        Management
1.10  Elect  Director William N. Searcy, Jr.    For       For        Management
1.11  Elect  Director Jean Gleason Stromberg    For       For        Management


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EATON VANCE FLORIDA MUNICIPLE INCOME FUND

Ticker:       FEV            Security ID:  27826B100
Meeting Date: MAR 28, 2008   Meeting Type: Annual
Record Date:  JAN 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Trustee Thomas E. Faust Jr.        For       For        Management
1.2   Elect  Trustee Allen R. Freedman          For       For        Management
1.3   Elect  Trustee William H. Park            For       For        Management
1.4   Elect  Trustee Heidi L. Steiger           For       For        Management


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INSURED MUNICIPAL INCOME FUND INC.

Ticker:       PIF            Security ID:  45809F104
Meeting Date: JUL 19, 2007   Meeting Type: Annual
Record Date:  MAY 18, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard Q. Armstrong       For       For        Management
1.2   Elect Director Alan S. Bernikow           For       For        Management
1.3   Elect Director Bernard H. Garil           For       For        Management
1.4   Elect Director Heather R. Higgins         For       For        Management


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INVESTMENT GRADE MUNICIPAL INCOME FUND INC

Ticker:       PPM            Security ID:  461368102
Meeting Date: JAN 17, 2008   Meeting Type: Annual
Record Date:  NOV 16, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard Q. Armstrong       For       For        Management
1.2   Elect Director Alan S. Bernikow           For       For        Management
1.3   Elect Director Bernard H. Garil           For       For        Management
1.4   Elect Director Heather R. Higgins         For       For        Management


                                     Page 4


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MBIA CAPITAL / CLAYMORE MANAGED DURATION INVESTMENT GRADE MU

Ticker:       MZF            Security ID:  55266X100
Meeting Date: DEC 11, 2007   Meeting Type: Annual
Record Date:  NOV 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Randall C. Barnes          For       For        Management
1.2   Elect Director Clifford D. Corso          For       For        Management
2     Other Business                            For       Against    Management


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MUNIYIELD PENNSYLVANIA INSURED FUND

Ticker:       MPA            Security ID:  09255G107
Meeting Date: AUG 16, 2007   Meeting Type: Annual
Record Date:  JUN 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee G. Nicholas Beckwith, III   For       For        Management
1.2   Elect Trustee Richard E. Cavanagh         For       For        Management
1.3   Elect Trustee Richard S. Davis            For       For        Management
1.4   Elect Trustee Kent Dixon                  For       For        Management
1.5   Elect Trustee Kathleen F. Feldstein       For       For        Management
1.6   Elect Trustee James T. Flynn              For       For        Management
1.7   Elect Trustee Henry Gabbay                For       For        Management
1.8   Elect Trustee Jerrold B. Harris           For       For        Management
1.9   Elect Trustee R. Glenn Hubbard            For       For        Management
1.10  Elect Trustee Karen P. Robards            For       For        Management
1.11  Elect Trustee Robert S. Salomon, Jr.      For       For        Management


                                     Page 5


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NUVEEN FLORIDA INVESTMENT QUALITY MUNICIPAL FUND

Ticker:       NQF            Security ID:  670970102
Meeting Date: OCT 12, 2007   Meeting Type: Annual
Record Date:  AUG 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Investment Advisory Agreement     For       Against    Management
2.1   Elect Director Judith M. Stockdale        For       For        Management
2.2   Elect Director Carole E. Stone            For       For        Management
3     Ratify Auditors                           For       For        Management


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NUVEEN FLORIDA QUALITY INCOME MUNICIPAL FUND

Ticker:       NUF            Security ID:  670978105
Meeting Date: NOV 8, 2007    Meeting Type: Annual
Record Date:  AUG 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Investment Advisory Agreement     For       Against    Management
2.1   Elect Director Judith M. Stockdale        For       For        Management
2.2   Elect Director Carole E. Stone            For       For        Management
3     Ratify Auditors                           For       For        Management


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NUVEEN PENNSYLVANIA INVESTMENT QUALITY MUNICIPAL FUND

Ticker:       NQP            Security ID:  670972108
Meeting Date: OCT 12, 2007   Meeting Type: Annual
Record Date:  AUG 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Investment Advisory Agreement     For       Against    Management
2.1   Elect Director Judith M. Stockdale        For       For        Management
2.2   Elect Director Carole E. Stone            For       For        Management
3     Ratify Auditors                           For       For        Management


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NUVEEN PREMIER MUNICIPAL INCOME FUND, INC.

Ticker:       NPF            Security ID:  670988104
Meeting Date: JUL 31, 2007   Meeting Type: Annual
Record Date:  JUN 4, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee Robert P. Bremner           For       For        Management
1.2   Elect Trustee Jack B. Evans               For       For        Management
1.3   Elect Trustee William C. Hunter           For       For        Management
1.4   Elect Trustee David J. Kundert            For       For        Management
1.5   Elect Trustee Judith M. Stockdale         For       For        Management
1.6   Elect Trustee Carole E. Stone             For       For        Management
1.7   Elect Trustee Eugene S. Sunshine          For       For        Management


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NUVEEN PREMIER MUNICIPAL INCOME FUND, INC.

Ticker:       NPF            Security ID:  670988104
Meeting Date: OCT 22, 2007   Meeting Type: Special
Record Date:  AUG 13, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Investment Advisory Agreement     For       Against    Management
2     Ratify Auditors                           For       For        Management


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PUTNAM INVESTMENT GRADE MUNICIPAL TRUST

Ticker:                      Security ID:  746805100
Meeting Date: DEC 14, 2007   Meeting Type: Special
Record Date:  JUL 30, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Conversion of Putnam Investment   For       For        Management
      Grade Municipal Trust from Massachusetts
      Business Trust to a Massachusetts Limited
      Liability Company
2     Approve Merger of Funds                   For       For        Management


                                     Page 6


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PUTNAM MUNICIPAL BOND FUND

Ticker:                      Security ID:  74683V100
Meeting Date: DEC 14, 2007   Meeting Type: Special
Record Date:  JUL 30, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Conversion of Putnam Municipal    For       For        Management
      Bond Fund from Massachusetts Business
      Trust to a Massachusetts Limited
      Liability Company
2     Approve Merger of Funds                   For       For        Management


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PUTNAM MUNICIPAL OPPORTUNITIES TRUST

Ticker:       PMO            Security ID:  746922103
Meeting Date: OCT 31, 2007   Meeting Type: Annual
Record Date:  AUG 3, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jameson A. Baxter          For       For        Management
1.2   Elect Director Charles E. Haldeman        For       For        Management
1.3   Elect Director Charles B. Curtis          For       For        Management
1.4   Elect Director Robert J. Darretta         For       For        Management
1.5   Elect Director Myra R. Drucker            For       For        Management
1.6   Elect Director Paul L. Joskow             For       For        Management
1.7   Elect Director Kenneth R. Leibler         For       For        Management
1.8   Elect Director Elizabeth T. Kennan        For       For        Management
1.9   Elect Director George Putnam, III         For       For        Management
1.10  Elect Director W. Thomas Stephens         For       For        Management
1.11  Elect Director Richard B. Worley          For       For        Management


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PUTNAM MUNICIPAL OPPORTUNITIES TRUST

Ticker:       PMO            Security ID:  746922103
Meeting Date: DEC 14, 2007   Meeting Type: Special
Record Date:  JUL 30, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger of Funds                   For       For        Management
2     Approve Merger of Funds                   For       For        Management


- --------------------------------------------------------------------------------

PUTNAM MUNICIPAL OPPORTUNITIES TRUST

Ticker:       PMO            Security ID:  746922103
Meeting Date: MAY 8, 2008    Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jameson A. Baxter         For       For        Management
1.2   Elect  Director Charles E. Haldeman       For       For        Management
1.3   Elect  Director Charles B. Curtis         For       For        Management
1.4   Elect  Director Robert J. Darretta        For       For        Management
1.5   Elect  Director Myra R. Drucker           For       For        Management
1.6   Elect  Director Paul L. Joskow            For       For        Management
1.7   Elect  Director Kenneth R. Leibler        For       For        Management
1.8   Elect  Director Elizabeth T. Kennan       For       For        Management
1.9   Elect  Director George Putnam, III        For       For        Management
1.10  Elect  Director Richard B. Worley         For       For        Management


                                     Page 7


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SOUTH LAKE COUNTY FL HOSPITAL DIST REV BD

Ticker:                      Security ID:  838640BZ2
Meeting Date: FEB 11, 2008   Meeting Type: Written Consent
Record Date:  DEC 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     DEBTOR S PLAN                             None      For        Management
2     WILLOW INVESTMENTS, LLC S PLAN            None      For        Management
3     RONNIE AQUINO S PLAN                      None      For        Management
4     DEBTOR S PLAN                             None      For        Management
5     WILLOW INVESTMENTS, LLC S PLAN            None      For        Management
6     RONNIE AQUINO S PLAN                      None      For        Management


- --------------------------------------------------------------------------------

SOUTH LAKE COUNTY FL HOSPITAL DIST REV BD

Ticker:                      Security ID:  838640CE8
Meeting Date: FEB 11, 2008   Meeting Type: Written Consent
Record Date:  DEC 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     DEBTOR S PLAN                             None      For        Management
2     WILLOW INVESTMENTS, LLC S PLAN            None      For        Management
3     RONNIE AQUINO S PLAN                      None      For        Management
4     DEBTOR S PLAN                             None      For        Management
5     WILLOW INVESTMENTS, LLC S PLAN            None      For        Management
6     RONNIE AQUINO S PLAN                      None      For        Management


- --------------------------------------------------------------------------------

VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II

Ticker:       VKI            Security ID:  92112K107
Meeting Date: JUN 18, 2008   Meeting Type: Annual
Record Date:  APR 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director R. Craig Kennedy           For       For        Management
1.2   Elect Director Jack E. Nelson             For       For        Management


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VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST

Ticker:       VPV            Security ID:  92112T108
Meeting Date: JUN 18, 2008   Meeting Type: Annual
Record Date:  APR 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Trustee R. Craig Kennedy           For       For        Management
1.2   Elect  Trustee Jack E. Nelson             For       For        Management


                                     Page 8


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VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS

Ticker:       VGM            Security ID:  920929106
Meeting Date: JUN 18, 2008   Meeting Type: Annual
Record Date:  APR 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David C. Arch             For       For        Management
1.2   Elect  Director Jerry D. Choate           For       For        Management
1.3   Elect  Director Howard J Kerr             For       For        Management
1.4   Elect  Director Suzanne H. Woolsey        For       For        Management


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WESTERN ASSET MUNICIPAL PARTNERS FUND INC.

Ticker:       MNP            Security ID:  95766P108
Meeting Date: APR 28, 2008   Meeting Type: Annual
Record Date:  MAR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Daniel P. Cronin           For       For        Management
1.2   Elect Director Paolo M. Cucchi            For       For        Management
========== END NPX REPORT




                                     Page 9



                                   SIGNATURES

         Pursuant to the requirements of 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.


(Registrant)  Sit Mutual Funds II, Inc.
              ------------------------------------------------------------------


By (Signature and Title)*  /s/ Paul E. Rasmussen, Vice President
                           -----------------------------------------------------


Date  August 28, 2008
      --------------------------------------------------------------------------

* Print the name and title of each signing officer under his or her signature.