SEPTEMBER 1, 1997
                                     
                   DELAWARE GROUP EQUITY FUNDS II, INC.
                              BLUE CHIP FUND
                               QUANTUM FUND
                          A Class/B Class/C Class

             Supplement to Prospectus Dated February 24, 1997

The following supplements the section Buying Class A Shares at Net
Asset Value for Quantum Fund under Classes of Shares:

     For the period September 1, 1997 through January 28, 1998,
Class A Shares of Quantum Fund may be purchased at net asset
value by any investor within 90 days after a redemption of shares
from a fund outside the Delaware Group of funds provided that: 
1) the redeemed shares were purchased no more than five years
before the proposed purchase of Class A Shares of Quantum Fund;
and 2) a front-end sales charge was paid in connection with the
purchase of the redeemed shares or a contingent deferred sales
charge was paid upon their redemption.