UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC  20549

                            FORM 10-K

(Mark One)
[X]  ANNUAL  REPORT  PURSUANT  TO SECTION  13  OR  15(D)  OF  THE
SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended        December 31, 2000
                          ---------------------------------------

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)  OF  THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission file number                   0-14645
                       ------------------------------------------

                DIVERSIFIED HISTORIC INVESTORS II
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     (Exact name of registrant as specified in its charter)

      Pennsylvania                                     23-2361261
-------------------------------                        ----------
(State or other jurisdiction of                 (I.R.S. Employer
incorporation or organization)                 Identification No.)

       1521  LOCUST  STREET,   PHILADELPHIA, PA  19102
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(Address of principal executive offices)       (Zip Code)

Registrant's telephone number, including area code (215)557-9800
                                                   --------------

Securities registered pursuant to Section 12(b) of the Act: NONE
                                                            ----

Securities registered pursuant to Section 12(g) of the Act: 20,593.3 Units
                                                            --------------
             UNITS OF LIMITED PARTNERSHIP INTEREST
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                        (Title of Class)

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.    Yes   X     No
                                          -----      -----

Indicate  by  check  mark  if  disclosure  of  delinquent  filers
pursuant  to Item 405 of Regulation S-K is not contained  herein,
and  will not be contained to the best of registrant's knowledge,
in  definitive  proxy or information statements  incorporated  by
reference in Part III of this Form 10-K or any amendment to  this
Form 10-K. [   ]

Aggregate  market  value of Units held by non-affiliates  of  the
Registrant: Not Applicable*
            ---------------

*  Securities  not quoted in any trading market  to  Registrant's
knowledge.

<PAGE>

                             PART I

Item 1.   Business

          a. General Development of Business

           Diversified Historic Investors II ("Registrant") is  a
limited partnership formed in 1984 under Pennsylvania law.  As of
December  31, 2000, Registrant had outstanding 20,593.3 units  of
limited partnership interest (the "Units").

           Registrant  is presently in its operating  stage.   It
originally  owned  four  properties or  interests  therein.   Its
interest  in one property has been lost through foreclosure.   It
currently owns three properties or interests therein.   See  Item
2.  Properties, for a description thereof.  For a  discussion  of
the   operations  of  the  Registrant,  see  Part  II,  Item   7.
Management's  Discussion and Analysis of Financial Condition  and
Results of Operations.

          b. Financial Information about Industry Segments

             The Registrant operates in one industry segment.

          c. Narrative Description of Business

             Registrant is in the business of operating, holding,
selling,  exchanging  and  otherwise dealing  in  and  with  real
properties containing improvements which are "Certified  Historic
Structures," as such term is defined in the Internal Revenue Code
(the "Code"), or which are eligible for designation as such,  for
use  as apartments, offices, hotels and commercial spaces, or any
combination thereof, or low income housing eligible for  the  tax
credit provided by Section 42 of the Code, and such other uses as
the Registrant's general partner may deem appropriate.

             Since the Registrant's inception, all the properties
acquired either by the Registrant, or the subsidiary partnerships
in  which  it  has  an  interest,  have  been  rehabilitated  and
certified  as historic structures and have received  the  related
investment tax credit. Two of the properties are held for  rental
operations and one is operated as a hotel.  As of the date hereof
it  is  anticipated that all the properties will continue  to  be
held  for  these purposes.  At such time as real property  values
begin to increase, the Registrant will re-evaluate its investment
strategy regarding the properties.

              As  of  December 31, 2000, Registrant  owned  three
properties   (or   interests  therein),  one  each   located   in
Pennsylvania,  Maryland,  and  Georgia.   In  total,  the   three
properties contain 269 apartment units, 73,366 square feet ("sf")
of  commercial/retail space and 44 hotel rooms.  As  of  December
31,  2000, 253 of the apartment units were under lease at monthly
rental rates ranging from $780 to $2,400 and approximately 65,744
sf  of  commercial space was under lease at annual  rental  rates
ranging from $5.33 per sf to $30.00 per sf.  Throughout 2000, all
of  the  hotel  rooms were available for use.  During  2000,  the
hotel  maintained  an average nightly room rate  of  $124.23  and
average   occupancy  of  61%.   Rental  of  the  apartments   and
commercial  space is not expected to be seasonal.   However,  the
hotel  does experience seasonal changes, with the busiest  months
being  March,  April  and October and the  slowest  months  being
January  and December. Washington Square was foreclosed on  March
22,  2001  by its mortgagee by recordation of a deed in  lieu  of
foreclosure. For further discussion of the properties,  see  Item
2. Properties.

              The  Registrant is affected by and subject  to  the
general  competitive conditions of the residential and commercial
real  estate  industry.   As a result of  the  overbuilding  that
occurred  in  the  1980's, the competition in the  local  markets
where  the  Registrant's  properties  are  located  is  generally
strong.   As a result, the Registrant is forced to keep its  rent
levels  competitively low in order to maintain moderate  to  high
occupancy levels. In the Historic District of the Inner Harbor in
Baltimore, the competition for tenants remains stiff and  several
similar buildings exist. The apartment market remains stable  and
new  construction  remains  virtually  nonexistent  although  the
availability of favorable home financing has placed  pressure  on
the rental tenant base.

             The hotel is located in Savannah, Georgia and is one
of  several  historic  buildings which have been  converted  into
hotels  and inns.  The hotel relies heavily on the tourist  trade
which  is  on  the upswing in Savannah.  The hotel  is  generally
considered  to be a market leader, due to its location  on  River
Street,  the main shopping and entertainment area on  the  river,
and  the  fact that it provides a full array of hotel  amenities,
not just a bed and breakfast atmosphere.

               Registrant   has   no   employees.    Registrant's
activities  are overseen by Brandywine Construction & Management,
Inc., ("BCMI"), a real estate management firm.

                   d.    Financial Information About Foreign  and
             Domestic Operations and Export Sales.

              See  Item 8. Financial Statements and Supplementary
Data.

Item 2.   Properties

            As   of  the  date  hereof,  Registrant  owned  three
properties, or interests therein.  A summary description of  each
property held at December 31, 2000 is given below.

           a. Tindeco Wharf - consists of 240 apartment units and
approximately  41,307  sf of commercial  space  located  at  2809
Boston  Street  in the Fell's Point-Canton Historic  District  of
Baltimore,  Maryland.  In October 1985, Registrant  was  admitted
with  an  85%  interest to Tindeco Wharf Partnership  ("TWP"),  a
Maryland   general  partnership,  for  a  cash  contribution   of
$7,271,300.   Registrant  subsequently  increased  its  ownership
interest  in  TWP to 90% by purchasing an additional 5%  interest
for $262,500.  TWP acquired and rehabilitated this Property at an
approximate  cost  of $28,600,000 ($66 per  sf),  funded  by  the
equity  contribution and mortgage financing of $21,869,600.   The
mortgage financing is comprised of mortgage revenue bonds  and  a
Urban  Development Action Grant ("UDAG") loan.   Other  financing
includes  a  loan from the developer of $2,300,000 and  operating
deficit  loans from both the property manager and D, LTD  in  the
original principal amounts of $300,000 and $200,000 respectively.
The  operating deficit loans were repaid during 1999.  The excess
of  equity  and  mortgage  financing  over  the  acquisition  and
rehabilitation  costs  was  utilized to  provide  various  escrow
deposits and required reserves.

              The  City  of  Baltimore  issued  mortgage  revenue
refunding  bonds,  Series  1992, (GNMA  collateralized)  for  the
purpose  of providing permanent financing for TWP. The bonds  are
backed by a HUD-insured mortgage ("the note").  The note, held by
GNMA  as lender, bears interest at a rate of 9.75% per annum  and
is  secured  by a first mortgage on the property.  Principal  and
interest  is  payable in monthly installments of  $143,801.   The
note  matures December 2028.  The refunding issue bears  interest
at  an average rate of 6.62%.  The difference in the interest  on
the  mortgage  and  the refunding bonds is returned  to  TWP  for
operations.

              The  principal balance of the bonds was $16,531,452
at December 31, 2000.  The bonds are comprised of both serial and
term bonds.  The serial bonds bear interest at rates ranging from
4.6%  to  6.1%  and mature semi-annually from June  1999  through
December  2006.   The term bonds bear interest at  rates  ranging
from  6.5% to 6.7% and mature in 2012, 2024, and 2028.  The  UDAG
loan (which has a balance of $4,953,471 at December 31, 2000 bore
interest  at  4%  through August 1994 and at 7  1/2%  thereafter.
This  loan  is  due  in  2004.  The developer's  loan  (principal
balance of $2,300,000 at December 31, 2000) bears interest at 12%
and  is  payable on a pro-rata basis out of cash  flow  from  the
property.   The developer's loan is due in 2005, or upon  earlier
sale or refinancing of the property.

             The property is managed by BCMI.  As of December 31,
2000, 227 apartment units (94%) and 38,607 sf of commercial space
(92%) were under lease.  Monthly rental rates range from $780  to
$2,400 for apartments and annual rental rates range from $5.33 to
$21.57  per sf for commercial space.  All residential leases  are
renewable,  one-year leases.  The occupancy for  the  residential
units for the previous four years was 96% for 1999, 98% for 1998,
98% for 1997, and 95% for 1996.  The occupancy for the commercial
space for the previous four years has been 98% for 1999, 97%  for
1998,  100%  for 1997, and 100% for 1996.  The range  for  annual
rents  has been $5.33 to $20.55 per sf for 1999, $5.33 to  $25.34
per  sf  for 1998, $5.33 to $19.47 per sf for 1997, and $5.33  to
$19.47  per sf for 1996.  There are four tenants who each  occupy
ten  percent  or more of the commercial rentable square  footage.
They  operate  principally as a medical office, a  restaurant,  a
fitness club and a travel agency.

              The  following is a table showing commercial  lease
expirations at Tindeco Wharf for the next five years.

                                       Total annual
          Number of     Total sf of   rental covered    % of gross
 Years      leases        expiring     by expiring     annual rental
           expiring        leases        leases        from property
 2001         3             8,563       $154,772             4%
 2002         0                 0              0             0%
 2003         1             5,600        120,814             3%
 2004         1             1,944         38,880             1%
 2005         1             4,500         24,000             1%
 Thereafter   1            17,050        194,225             5%

              For  tax purposes, this property has a federal  tax
basis  of  $30,134,420 and is depreciated using the straight-line
method  with a useful life of 27.5 years.  The annual real estate
taxes  are  $441,978  which is based  on  an  assessed  value  of
$19,508,200,  taxed  at a rate of $2.26  per  $100.   It  is  the
opinion of the management of the Registrant that the property  is
adequately covered by insurance.

           b.  River  Street Inn/Factor's Walk - consists  of  44
hotel  rooms and 22,559 sf of commercial space located at 115  E.
River  Street  in Savannah, Georgia.  In August 1985,  Registrant
was  admitted  with  a  99% interest in  Factor's  Walk  Partners
("FWP")  a  Georgia  general partnership,  for  $3,600,409.   FWP
acquired and rehabilitated the property for $8,900,409 ($127  per
sf),  including  financing through an issuance by a  governmental
agency of tax-exempt bonds in the principal amount of $5,800,000.
The  excess of equity and mortgage financing over the acquisition
and  rehabilitation costs was utilized to provide working capital
reserves  of $500,000.  The bonds bore interest at TENR  (a  rate
based   on   yields  of  high  quality,  short-term  tax   exempt
obligations)  plus  0.5%  until  December  30,  1996   and   were
guaranteed by a private corporation.  On December 30, 1996,  both
the  bonds  and the guarantee were sold.  The new holder  of  the
bonds  exercised its right to convert the interest rate from  the
variable  rate  to  14%  due  to the credit  rating  of  the  new
guarantor.   The principal balance of the bonds at  December  31,
2000 was $5,970,383 and is due on December 31, 2015.

             The property is managed by BCMI.  As of December 31,
2000, 16,652 sf of the commercial space (74%) was under lease  at
annual  rental rates ranging from $9.63 to $30.00  per  sf.   The
property  also maintains 44 operating hotel rooms at  an  average
nightly   rate  of  $124.23;  average  occupancy  for  2000   was
approximately  61%.  The hotel occupancy rate  for  the  previous
four years was 66% for 1999, 75% for 1998, 74% for 1997, and  77%
for  1996.  The average room rates were $126.45 for 1999, $128.06
for  1998, $106.06 for 1997, and $100.92 for 1996.  The occupancy
for  the commercial space was 74% for 1999, 74% for 1998, 96% for
1997, and 97% for 1996.  The range for annual rents was $7.89  to
$26.83 per sf for 1999, $7.11 to $26.26 per sf for 1998, $7.11 to
$25.82  per  sf for 1997, and $5.53 to $25.27 per  sf  for  1996.
There are two tenants who each occupy ten percent or more of  the
rentable   square  footage.   They  operate  principally   as   a
restaurant and a retail store.

              The  following is a table showing commercial  lease
expirations at Factor's Walk for the next five years.

                                       Total annual
          Number of     Total sf of   rental covered    % of gross
 Years      leases        expiring     by expiring     annual rental
           expiring        leases        leases        from property
 2001         2             2,026        $41,541            16%
 2002         2               400          8,700             3%
 2003         3             2,640         39,560            11%
 2004         0                 0              0             0%
 2005         4             3,856         61,984            23%
 Thereafter   2             6,620         93,620            35%

              For  tax purposes, this property has a federal  tax
basis  of $10,724,168  and is depreciated using the straight-line
method  with a useful life of 27.5 years.  The annual real estate
taxes  are  $59,923  which  is based  on  an  assessed  value  of
$1,304,800,  taxed  at a rate of $4.409  per  $100.   It  is  the
opinion of the management of the Registrant that the property  is
adequately covered by insurance.

           c.  Washington  Square  -  consists  of  9,500  sf  of
commercial  space  and 29 residential units  located  at  320  N.
Church  Street,  West Chester, Pennsylvania.   In  October  1985,
Registrant acquired and rehabilitated the Property for $2,750,000
($79  per sf; such amount is exclusive of $170,883 of capitalized
fees   incurred   which   were  funded  by  Registrant's   equity
contributions), including mortgage financing of $1,600,000.   The
mortgage  loan (principal balance of $1,083,896 at  December  31,
2000) bears interest at the Federal Reserve discount rate plus 2%
with  a  minimum of 7% and a maximum of 15% (7% at  December  31,
2000) and is due in October 2005. The property is also encumbered
by  a  judgment pursuant to a note with an amount outstanding  of
$1,111,079 as of December 31, 2000.

             The property is managed by BCMI.  As of December 31,
2000,  9,390  sf of commercial space (99%) was rented  at  annual
rates  ranging from $8.00 per sf to $16.00 per sf.   At  December
31, 2000, 29 of the residential units (100%) were under lease  at
monthly   rental  rates  ranging  from  $670  to   $1,275.    All
residential leases are renewable, one-year leases.  The occupancy
for the residential units for the previous four years was 95% for
1999, 97% for 1998, 86% for 1997, and 100% for 1996.  The monthly
rental  range  has been approximately the same since  1996.   The
occupancy  for the commercial space for the previous  four  years
was  88% for 1999, 87% for 1998, 87% for 1997, and 86% for  1996.
The  range for annual rents has been $8.00 to $14.00 per  sf  for
1999, $7.56 to $12.60 per sf for 1998, $8.00 to $13.00 per sf for
1997, and $6.00 to $13.00 per sf for 1996.


                             The  following  is a  table  showing
commercial  lease expirations at Washington Square for  the  next
five years.


                                       Total annual
          Number of     Total sf of   rental covered    % of gross
 Years      leases        expiring     by expiring     annual rental
           expiring        leases        leases        from property
 2001         2             5,198        $48,772            43%
 2002         0                 0              0             0%
 2003         1             1,094         13,302            12%
 2004         2             3,098         45,768            40%
 2005         0                 0              0             0%
 Thereafter   0                 0              0             0%

              For  tax purposes, this property has a federal  tax
basis  of  $2,965,181 and is depreciated using the  straight-line
method  with a useful life of 27.5 years.  The annual real estate
taxes  are  $30,167  which  is based  on  an  assessed  value  of
$1,644,640 taxed at a rate of $1.834 per $100.  It is the opinion
of  the  management  of  the  Registrant  that  the  property  is
adequately covered by insurance.

             The property was foreclosed on March 22, 2001 by the
holder of the mortgage and the judgment.

Item 3.   Legal Proceedings

           a.  For  a  description of legal proceedings involving
Registrant's  properties,  see Part  II,  Item  7.  River  Street
Inn/Factor's Walk Partners.

Item 4.   Submission of Matters to a Vote of Security Holders

          No matter was submitted during the fiscal years covered
by this report to a vote of security holders.

<PAGE>
                             PART II

Item  5.    Market  for  Registrant's Common Equity  and  Related
Stockholder Matters

           a.  There is no established public trading market  for
the  Units.  Registrant does not anticipate any such market  will
develop.   Trading  in  the Units occurs solely  through  private
transactions.  The Registrant is not aware of the prices at which
trades  occur.  Registrant's records indicate that 275  Units  of
record were sold or exchanged in 2000.

           b.  As  of  December 31, 2000, there are 2,569  record
holders of Units.

           c.  Registrant did not declare any cash  dividends  in
2000 or 1999.

Item 6.   Selected Financial Data

           The following selected financial data are for the five
years  ended  December  31, 2000.  The data  should  be  read  in
conjunction  with the consolidated financial statements  included
elsewhere  herein.  This data is not covered by  the  independent
auditors' report.

                  2000       1999       1998       1997       1996

Rental income  $ 5,462,332 $ 5,015,476 $ 4,623,527 $ 4,463,462 $ 4,303,963
Hotel
 revenues        1,305,660   1,384,057   1,582,824   1,282,525   1,282,662
Interest
 income             45,742      23,336      35,575      29,636      18,654
Net loss        (2,474,642) (4,292,936) (2,980,282) (3,457,494) (2,262,184)
Net loss per
 unit              (118.97)    (206.38)    (143.27)    (166.22)    (108.75)
Total assets
(net of
 depreciation
 and
 amortization)  25,074,714  25,880,800  26,503,288  27,143,753  28,633,916
Debt
 obligations    33,792,649  33,306,221  32,808,014  32,712,165  33,087,679


Item 7.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations

          (1)  Liquidity

              At  December  31,  2000,  Registrant  had  cash  of
$23,681.   Cash  generated from operations is used  primarily  to
fund operating expenses and debt service.  If cash flow proves to
be  insufficient, the Registrant will attempt to  negotiate  loan
modifications with the various lenders in order to remain current
on  all  obligations  and  to  defer administrative  costs.   The
Registrant is not aware of any additional sources of liquidity.

              As  of December 31, 2000, Registrant had restricted
cash of $1,767,238 consisting primarily of funds held as security
deposits,  replacement  reserves and escrows  for  taxes.   As  a
consequence of these restrictions as to use, Registrant does  not
deem these funds to be a source of liquidity.

               In   recent  years  the  Registrant  has  realized
significant  losses, including the foreclosure of two properties,
due to the properties' inability to generate sufficient cash flow
to  pay their operating expenses and debt service. At the present
time,  the  two  remaining  properties  are  able  to  pay  their
operating expenses and debt service but it is unlikely  that  any
cash  will be available to the Registrant to pay its general  and
administrative expenses.  In the legal proceeding  involving  the
Morrison  Clark Inn (see "Results of Operations"  below  in  this
Item  7), a property formerly owned by the Registrant, if Capital
Bank  executes upon its $1,800,000 judgment with respect  to  the
Registrant, it is expected to have significant adverse impact  on
the  Registrant since there is insufficient available cash to pay
the  judgment.  Any such execution could result in a forced  sale
of the Registrant's remaining properties.

             It is the Registrant's intention to continue to hold
the  properties until they can no longer meet their debt  service
requirements  and the properties are foreclosed,  or  the  market
value  of the properties increases to a point where they  can  be
sold  at  a  price  which is sufficient to repay  the  underlying
indebtedness (principal plus accrued interest).

          (2)  Capital Resources

               Any  capital  expenditures  needed  are  generally
replacement  items and are funded out of cash from operations  or
replacement reserves, if any.  The Registrant is not aware of any
factors which would cause historical capital expenditures  levels
not  to be indicative of capital requirements in the future  and,
accordingly,  does  not  believe that  it  will  have  to  commit
material  resources  to capital investment  for  the  foreseeable
future.

          (3)  Results of Operations

              During  2000,  Registrant incurred a  net  loss  of
$2,474,642 ($118.97 per limited partnership unit), compared to  a
net loss of $4,292,936 ($206.38 per limited partnership unit), in
1999   and  a  net  loss  of  $2,980,282  ($143.27  per   limited
partnership unit), in 1998.

              Rental  and  hotel income was $6,767,992  in  2000,
6,399,533 in 1999, and $6,206,351 in 1998. The increase from 1999
to  2000 is due to an increase in rental income at Tindeco Wharf,
the River Street Inn and Washington Square, partially offset by a
decrease in hotel income at the River Street Inn. The increase in
rental  income at Tindeco Wharf is due to an increase in  average
rental  rates  from $810 to $1,815 in 1999 to $780 to  $2,400  in
2000.  The increase at the River Street Inn is due to an increase
in  commercial rental rates from $7.89 to $26.83 in 1999 to $9.63
to  $30.00  in 2000. The increase in rental income at  Washington
Square is due to an increase  in average occupancy (95% to 100%).
The decrease in hotel income at the River Street Inn is due to  a
decrease  in  average occupancy (66% to 61%) and  a  decrease  in
average  room rates from $126.45 in 1999 to $124.23 in 2000.  The
increase  from 1998 to 1999 is due to an increase in  residential
rental  income  at  Tindeco  Wharf,  offset  by  a  decrease   at
Washington  Square.  The increase  in rental  income  at  Tindeco
Wharf  is  due  to  an increase in average rental  rates.  Rental
income  decreased  at  Washington Square due  to  a  decrease  in
average occupancy (97% to 95%).

              Interest  income  was $45,742 in 2000,  $23,336  in
1999, and $35,575 in 1998. The increase from 1999 to 2000 is  due
to an increase in the interest bearing restricted cash balance at
Tindeco  Wharf.  The decrease from 1998 to 1999 resulted  from  a
decrease in the restricted cash balance at Tindeco Wharf.

              Rental  operations expense was $2,102,470 in  2000,
$2,055,706 in 1999 and $1,850,883 in 1998. The increase in rental
operations  expenses from 1999 to 2000 is due to an  increase  in
management  fees  at  Washington Square and  Tindeco  Wharf,  and
payroll  expense at Tindeco Wharf, partially offset by a decrease
in  maintenance  expense at both Washington  Square  and  Tindeco
Wharf.  The increase in management fees at Washington  Square  is
due  to  a change in management company during 2000. The increase
in  management  fees at Tindeco Wharf is due to  an  increase  in
rental  income and the increase in payroll expense is due  to  an
increase  in marketing and leasing, and maintenance payroll.  The
decrease  in maintenance expense at Washington Square  due  to  a
decrease  in  apartment preparation expense  caused  by  a  lower
turnover  of  apartment units in 2000 as compared  to  1999.  The
decrease  in  maintenance  expense at Tindeco  Wharf  is  due  to
completion  of planned repairs at the property. The  increase  in
rental  operations  expenses from 1998  to  1999  is  due  to  an
increase in maintenance expenses at Washington Square and Tindeco
Wharf.  Maintenance expense increased at Washington Square due to
an  increase in apartment preparation expense caused by a  higher
turnover of apartment units.  The increase in maintenance expense
at  Tindeco  Wharf  is  due to planned repairs  at  the  property
including roof repairs, electrical repairs, plumbing repairs, and
painting.

              Hotel  operations expense was $1,122,156  in  2000,
$1,215,631  in  1999, and $1,423,018 in 1998. The  decrease  from
1999  to  2000 is due to a decrease in food and beverage  expense
and  maintenance expense due to a decrease in occupancy  (66%  to
61%).   The  decrease from 1998 to 1999 is due to an decrease  in
food  and  maintenance  expense as a  result  of  a  decrease  in
occupancy throughout the year.

              Partnership  administration fees  incurred  in  the
amount of $1,333,786 during 1999 is due to the termination of the
management  agreement  with  Signature  Management  Services   at
Tindeco Wharf.

              General and administrative expense was $0  in  2000
and  $198,000  in  1999 and 1998. The Registrant ceased  accruing
partnership administration fees in 2000. The cash flow  and  debt
of the Registrant make it unlikely that these fees will be paid.

              Interest expense was $4,240,944 in 2000, $4,122,243
in  1999, and $4,007,500 in 1998. The increase from 1999 to  2000
is due to an increase in interest expense at the River Street Inn
and  Tindeco Wharf. The increase in interest expense at the River
Street Inn is due to an increase in the principal balance due  to
advances  made  by  the first mortgage holder  to  fund  building
renovations.  Interest expense increased at Tindeco Wharf due  to
the accrual of interest on a higher average balance on the second
mortgage.   The  balance increased due to the  capitalization  of
interest  accrued  but not paid on certain  loans,  as  described
below.

              Depreciation  and  amortization was  $1,822,805  in
2000,  $1,790,439 in 1999, and $1,742,807 in 1998.  The  increase
from 1999 to 2000 and from 1998 to 1999 is due to an increase  at
the River Street Inn and Tindeco Wharf due to the depreciation of
fixed asset additions.

              In  2000,  a  loss of approximately $2,131,000  was
incurred at the Registrant's three properties compared to a  loss
of  approximately $3,768,000 in 1999 and a loss of  approximately
$2,456,000     in    1998.     A    discussion    of     property
operations/activities follows:

               In  2000,  Tindeco  Wharf  sustained  a  loss   of
$1,203,000  including $1,235,000 of depreciation and amortization
expense  compared to a loss of $2,824,000 including $1,235,000 of
depreciation  and amortization expense and $418,000  of  deferred
interest  (reflecting  interest  accrued  but  not  paid  on  the
developer's and operating deficit loans) in 1999 and  a  loss  of
$1,559,000, including $1,201,000 of depreciation and amortization
expense  and  $1,094,000  of  deferred  interest  in  1998.   The
decrease  in  the  loss from 1999 to 2000 is  the  result  of  an
increase in residential rental income combined with a decrease in
maintenance  expense and the one time partnership  administration
fee  in  1999 partially offset by an increase in interest expense
and  management fees. Residential rental income increased due  to
an   increase  the  average  rental  rates  and  interest  income
increased  due  to  an increase in the balance  of  the  interest
bearing restricted cash. Maintenance expense decreased due to the
completion  of planned repairs at the property. Interest  expense
increased  due to a increase in the principal balance upon  which
interest  is  calculated. Management fees  increased  due  to  an
increase in rental income. The increase in the loss from 1998  to
1999  is  the  result  of  the  partnership  administrative  fee,
referred  to above, and an increase in maintenance, interest  and
depreciation expense combined with a decrease in interest income,
partially  offset by an increase in rental income.  The  increase
in  maintenance expense is due to planned repairs at the property
including  roof,  electrical and plumbing repairs  and  painting.
Interest  expense increased due to the accrual of interest  on  a
higher  average  balance  on the second  mortgage.   Depreciation
expense  increased  due  to  the  depreciation  of  fixed   asset
additions.   Partnership  administrative  fees  incurred  in  the
amount   of  $1,333,786  during  1999  are  the  result  of   the
termination of the management agreement with Signature Management
Services.  The decrease in interest income is due to the decrease
in  the  interest bearing restricted cash balance. Rental  income
increased due to an increase in average rental rates.

              In  2000, the River Street Inn sustained a loss  of
$928,000  including  $407,000  of depreciation  and  amortization
expense  compared  to  a loss of $936,000 including  $382,000  of
depreciation  and  amortization expense in 1999  and  a  loss  of
$907,000 including $371,000 of depreciation expense in 1998.  The
decrease  in the loss from 1999 to 2000 is due to an increase  in
commercial  rental income combined with a decrease  in  food  and
beverage expense, and maintenance expense, partially offset by  a
decrease  in  hotel  income. The increase  in  commercial  rental
income is due to a increase in the annual rental rates from $7.89
to  $26.83  in 1999 to $9.63 to $30.00 in 2000. The  decrease  in
food  and beverage expense, and maintenance expense is due  to  a
decrease  in hotel occupancy (66% to 61%). The decrease in  hotel
income  is  due to a decrease in average room occupancy  (66%  to
61%)  and  a  decrease in average room rates $126.45 in  1999  to
$124.23  in 2000. The increase in the loss from 1998 to  1999  is
due  to  an decrease in hotel income combined with a increase  in
interest and depreciation expense, offset by a decrease  in  food
and  maintenance expense. The decrease hotel income is due  to  a
decrease  in occupancy (75% to 66%).  Interest expense  increased
due  to  an increase in principal balance upon which interest  is
accrued due to advances made by the first mortgage holder to fund
building  repairs.   Depreciation expense increased  due  to  the
depreciation of fixed asset additions.  The decrease in food  and
maintenance  expense  is  a result of  a  decrease  in  occupancy
throughout the year.

             FWP is involved in one legal proceeding as discussed
below:

               J.   A.   Jones  Construction  Company   ("Jones")
contracted  with FWP for the renovation of what was originally  a
warehouse  into  the  River  Street  Inn/Factor's  Walk.   During
construction, numerous disputes arose between the parties.  As  a
result  of those disputes, Jones abandoned the project  prior  to
completion   and  filed  suit  in  the  matter  of   J.A.   Jones
Construction  Company  v. Factor's Walk Partners  in  the  United
States  District Court for the Northern District of Georgia.   On
January  1, 1994, the court entered a judgment in favor of  Jones
and  against  FWP  in  the  amount of $1,069,017.   The  judgment
accrued  interest at 9.5% and $62,562 of interest was accrued  in
both 1994 and 1995.  FWP filed an appeal and this appeal was held
in abeyance while FWP and Jones participated in a court sponsored
settlement program.  On November 8, 1996, a settlement  agreement
was  reached  whereby  a  note in the amount  of  $1,000,000  was
issued.  The note calls for 6% interest until September 1,  1997,
with  the  rate increasing .5% on each August 1 thereafter  to  a
maximum  rate  of  prime plus 2% (therefore, 8% at  December  31,
2000) and is due on October 1, 2011.  Interest is due quarterly.

              On  June 30, 1992, DHP, Inc. assigned to D,  LTD  a
note  receivable,  from  FWP to the Registrant,  which  had  been
assigned  to  DHP,  Inc.  The note was in the  stated  amount  of
$55,951  and bore interest at 10%; the note was due on  June  30,
1997.   On  January 13, 1994 D, LTD obtained a judgment  on  this
note  in  the  amount  of  $73,184  in  Common  Pleas  Court  for
Philadelphia County, Pennsylvania. The judgement accrues interest
at  15%.  On  March 31, 2000 the note was sold. Interest  accrued
during 2000 was $22,620. The balance of the note at December  31,
2000 was $197,409.

             In 2000, Washington Square incurred a loss of $1,000
including $126,000 of depreciation expense compared to a loss  of
$8,000  including $122,000 of depreciation expense  in  1999  and
income  of $10,000 including $117,000 of depreciation expense  in
1998.   The decrease in the loss from 1999 to 2000 is due  to  an
increase in rental income due to an increase in average occupancy
(95%  to  100%)  and  an  increase in the  average  rental  rates
combined  with  a  decrease in maintenance  expense.  Maintenance
expense  decreased due to a lower turnover of apartment units  in
2000 compared to 1999.  The loss in 1999 is due to a decrease  in
rental  income  combined with a increase in maintenance  expense.
The  decrease  in  rental income is due to a decrease  in  rental
occupancy  rates  (97%  to  95%).  The  increase  in  maintenance
expense  is  due to an increase in apartment preparation  expense
caused  by  a higher turnover of apartment units.  The income  in
1998 resulted mainly from an increase in rental income due to  an
increase in the average rental rates combined with a decrease  in
maintenance  expense.  Maintenance expense  decreased  due  to  a
lower turnover of apartment units in 1998.

              On  June 30, 1992, DHP, Inc. assigned to D,  LTD  a
note  receivable  from  the Registrant in the  stated  amount  of
$404,046.  The note bore interest at 10% and was due on June  30,
1997.  On March 23, 1993 D, LTD obtained a judgment on this  note
in  the amount of $454,299 in Common Pleas Court for Philadelphia
County,  Pennsylvania.   The judgment accrues  interest  at  15%.
Interest  accrued during 2000 and 1999 was $163,654 and $155,167,
respectively.   Payments on the judgment  are  to  be  made  from
available cash flow  and before any distribution can be  made  to
the  Registrant's limited partners.  The balance of the  note  at
December  31,  2000  is $1,111,079. This note  and  judgment  are
secured  by  a judgment lien on Washington Square and  have  been
acquired by the holder of the mortgage on Washington Square.

             The seller of Washington Square agreed to lend funds
to  the  Partnership to cover cash flow deficits for a  five-year
period  expiring  in  1990.   The  Partnership  borrowed  $97,008
through  December  1988.  The loan bears interest  at  12%,  with
principal and interest payments to be made out of cash flow after
the  payment  of the cumulative preferred return to  the  limited
partnership unit holders.  Interest accrued during both 2000  and
1999  was $11,641.  The balance of the note at December 31,  2000
was $248,340.

              Washington Square was foreclosed on March 22,  2001
by the holder of the mortgage and the judgment.

               In   February   1993,  one  of  the   Registrant's
properties, the Morrison-Clark Inn, was foreclosed by the lender.
In November 1993, the lender obtained a judgment in the matter of
Capital  Bank, N.A. v. Diversified Historic Investors II  in  the
amount   of  $1,800,000.  If  capital  bank  executes  upon   its
$1,800,000  judgement  with respect  to  the  registrant,  it  is
expected  to  have significant adverse impact on  the  Registrant
since  there is insufficient available cash to pay the judgement.
Any  such  execution  could  result  in  a  forced  sale  of  the
registrants remaining properties.



Item7A.    Quantitative and Qualitative Disclosures about  Market
Risk

          Not applicable.

Item 8.   Financial Statements and Supplementary Data

          Registrant is not required to furnish the supplementary
financial information referred to in Item 302 of Regulations S-K.

<PAGE>
                  Independent Auditor's Report

To the Partners of
Diversified Historic Investors II

We  have  audited the accompanying consolidated balance sheet  of
Diversified   Historic  Investors  II  (a  Pennsylvania   limited
partnership)  and subsidiaries as of December 31, 2000  and  1999
and the related statements of operations and changes in partners'
equity and cash flows for the years ended December 31, 2000, 1999
and  1998.   These  consolidated  financial  statements  are  the
responsibility    of   the   partnership's    management.     Our
responsibility  is  to express an opinion on  these  consolidated
financial  statements based on our audit.  We did not  audit  the
financial   statements  of  Tindeco  Wharf   Partnership,   which
statements  reflect total assets of $17,449,441, $18,324,708  and
$19,072,098  as of December 31, 2000, 1999 and 1998 respectively,
and  total  revenues  of  $4,656,945, $4,306,834  and  $3,954,175
respectively  for  the years then ended.  Those  statements  were
audited by other auditors whose report has been furnished to  us,
and  our  opinion, insofar as it relates to the amounts  included
for  Tindeco Wharf Partnership, is based solely on the report  of
the other auditors.

We  conducted  our  audit in accordance with  auditing  standards
generally  accepted  in  the United  States  Of  America.   Those
standards  require that we plan and perform the audit  to  obtain
reasonable  assurance  about whether the  consolidated  financial
statements are free of material misstatement.  An audit  includes
examining,  on a test basis, evidence supporting the amounts  and
disclosures in the consolidated financial statements.   An  audit
also  includes  assessing  the  accounting  principles  used  and
significant  estimates made by management, as well as  evaluating
the  overall  financial statement presentation.  We believe  that
our audit provides a reasonable basis for our opinion.

In  our opinion, based on our audits and the report of the  other
auditors, the consolidated financial statements referred to above
presents fairly, in all material respects, the financial position
of  Diversified  Historic Investors II  and  subsidiaries  as  of
December  31,  2000 and 1999, and the results of  operations  and
cash  flows for the years ended December 31, 2000, 1999 and  1998
in conformity with U.S. generally accepted accounting principles.

Our audits were made for the purpose of forming an opinion on the
basic  financial  statements taken as a whole.  The  Schedule  of
Real  Estate and Accumulated Depreciation on page 28 is presented
for  the  purposes of additional analysis and is not  a  required
part  of  the  basic financial statements.  Such information  has
been subjected to the auditing procedures applied in the audit of
the  consolidated financial statements and, in our opinion, which
insofar  as  it  relates to Tindeco Wharf  Partnership  is  based
solely  on  the  report of other auditors,  such  information  is
fairly  stated in all material respects in relation to the  basic
financial statements taken as a whole.
As  discussed in Note C of the financial statements,  Diversified
Historic  Investors  II  is liable for payment  of  a  $1,800,000
guarantee resulting from the foreclosure on a property  in  1993.
In  the  past  the  partnership has been  able  to  continue  the
forebearance when the period ends in July, 2000.  If  the  lender
executes  judgment  it  is expected to have  significant  adverse
impact  on the partnership and could result in a forced  sale  of
the remaining properties.




Gross, Kreger & Passio
Philadelphia, Pennsylvania
July 3, 2001

<PAGE>

                  Independent Auditor's Report


To the Partners of
Tindeco Wharf Partnership

We  have audited the accompanying balance sheet of Tindeco  Wharf
Partnership  as of December 31, 2000, and the related  statements
of profit and loss, partners' deficit and cash flows for the year
then  ended.  The financial statements are the responsibility  of
the  Partnership's management.  Our responsibility is to  express
an opinion on these financial statements based on our audit.

We  conducted  our  audit in accordance with  generally  accepted
auditing  standards and Government Auditing Standards, issued  by
the  Comptroller  General of the United States.  Those  standards
require  that we plan and perform the audit to obtain  reasonable
assurance  about  whether the financial statements  are  free  of
material  misstatement.  An audit includes examining, on  a  test
basis,  evidence  supporting the amounts and disclosures  in  the
financial  statements.   An  audit also  includes  assessing  the
accounting  principles  used and significant  estimates  made  by
management, as well as evaluating the overall financial statement
presentation.   We believe that our audit provides  a  reasonable
basis for our opinion.

In  our  opinion,  the  financial statements  referred  to  above
present  fairly, in all material respects, the financial position
of  Tindeco  Wharf Partnership as of December 31, 2000,  and  the
results  of its operations, the changes in partners' deficit  and
its  cash  flows  for  the  year then ended  in  conformity  with
generally accepted accounting principles.


Reznick, Fedder & Silverman
Baltimore, Maryland
March 20, 2001

<PAGE>
                DIVERSIFIED HISTORIC INVESTORS II
                     (a limited partnership)

           INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

                AND FINANCIAL STATEMENT SCHEDULES


Consolidated financial statements:                            Page

   Consolidated Balance Sheets at December 31, 2000 and 1999   18

   Consolidated Statements of Operations for  the  Years
Ended December 31, 2000, 1999, and 1998                        19

   Consolidated  Statements  of  Changes  in   Partners'
Equity for the Years Ended December 31, 2000, 1999 and 1998    20

   Consolidated Statements of Cash Flows for  the  Years
Ended December 31, 2000, 1999, and 1998                        21

   Notes to consolidated financial statements                 22-28

Financial statement schedules:

   Schedule XI - Real Estate and Accumulated Depreciation      30

   Notes to Schedule XI                                        31







All  other  schedules are omitted because they are not applicable
or   the  required  information  is  shown  in  the  consolidated
financial statements or notes thereto.

<PAGE>
                DIVERSIFIED HISTORIC INVESTORS II
                     (a limited partnership)

                   CONSOLIDATED BALANCE SHEETS
                   ---------------------------
                   December 31, 2000 and 1999

                             Assets

                                            2000           1999
                                            ----           ----
Rental properties at cost:
 Land                                  $   934,582    $   934,582
 Buildings and improvements             41,596,269     41,139,001
 Furniture and fixtures                  3,633,054      3,324,505
                                       -----------    -----------
                                        46,163,905     45,398,088
  Less - accumulated depreciation      (24,737,850)   (22,962,044)
                                       -----------    -----------
                                        21,426,055     22,436,044

Cash and cash equivalents                   23,681         38,110
Restricted cash                          1,767,238      1,508,524
Accounts receivable                        200,441        133,272
Other assets (net of accumulated
 amortization of $445,407 and
 $398,407)                               1,657,299      1,764,850
                                       -----------    -----------
          Total                        $25,074,714    $25,880,800
                                       ===========    ===========


                 Liabilities and Partners' Equity

Liabilities:
 Debt obligations                      $33,792,649    $33,306,221
 Accounts payable:
  Trade                                  3,681,307      3,241,235
  Related parties                        2,879,080      2,963,434
  Interest payable                      13,260,609     12,453,362
  Tenant security deposits                 277,730        249,938
  Other liabilities                      1,490,592      1,499,221
                                       -----------    -----------
          Total liabilities             55,381,967     53,713,411

Partners' deficit                      (30,307,253)   (27,832,611)
                                       -----------    -----------
          Total                        $25,074,714    $25,880,800
                                       ===========    ===========

The accompanying notes are an integral part of these financial statements.

<PAGE>

                DIVERSIFIED HISTORIC INVESTORS II
                     (a limited partnership)

              CONSOLIDATED STATEMENTS OF OPERATIONS
              -------------------------------------
      For the Years Ended December 31, 2000, 1999 and 1998


                                      2000        1999         1998
                                      ----        ----         ----
Revenues:
 Rental income                    $5,462,332  $5,015,476   $4,623,527
 Hotel income                      1,305,660   1,384,057    1,582,824
 Interest income                      45,742      23,336       35,575
                                  ----------  ----------   ----------
       Total revenues              6,813,734   6,422,869    6,241,926
                                  ----------  ----------   ----------
Costs and expenses:
 Rental operations                 2,102,471   2,055,706    1,850,883
 Hotel operations                  1,122,156   1,215,631    1,423,018
 General and administrative                0     198,000      198,000
 Partnership administrative fee            0   1,333,786            0
 Interest                          4,240,944   4,122,243    4,007,500
 Depreciation and amortization     1,822,805   1,790,439    1,742,807
                                  ----------  ----------   ----------
        Total costs and expenses   9,288,376  10,715,805    9,222,208
                                  ----------  ----------   ----------

Net loss                         ($2,474,642)($4,292,936) ($2,980,282)
                                  ==========  ==========   ==========

Net loss per limited partnership
 unit                            ($   118.97)($   206.38) ($   143.27)
                                  ==========  ==========   ==========

The accompanying notes are an integral part of these financial statements.

<PAGE>


                DIVERSIFIED HISTORIC INVESTORS II
                     (a limited partnership)

     CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' EQUITY
     ------------------------------------------------------
      For the Years Ended December 31, 2000, 1999 and 1998

                                      Dover
                                    Historic     Limited
                                    Advisors     Partners
                                       (1)         (2)         Total
                                    --------     --------      -----
Percentage participation in
 profit or loss                       1%           99%          100%
                                      ==           ===          ====

Balance at December 31, 1997      ($377,014)  ($20,182,379) ($20,559,393)
Net loss                            (29,803)    (2,950,479)   (2,980,282)
                                   --------    -----------   -----------
Balance at December 31, 1998       (406,817)   (23,132,858)  (23,539,675)
Net loss                            (42,929)    (4,250,007)   (4,292,936)
                                   --------    -----------   -----------
Balance at December 31, 1999       (449,746)   (27,382,865)  (27,832,611)
Net loss                            (24,746)    (2,449,896)   (2,474,642)
                                   --------    -----------   -----------
Balance at December 31, 2000      ($474,492)  ($29,832,761) ($30,307,253)
                                   ========    ===========   ===========

 (1) General Partner.

 (2) 20,593.3  limited partnership units outstanding at  December
     31, 2000, 1999, and 1998.

The accompanying notes are an integral part of these financial statements.

<PAGE>

                DIVERSIFIED HISTORIC INVESTORS II
                     (a limited partnership)

              CONSOLIDATED STATEMENTS OF CASH FLOWS
              -------------------------------------

      For the Years Ended December 31, 2000, 1999, and 1998

                                       2000          1999         1998
                                       ----          ----         -----
Cash flows from operating
 activities:
 Net loss                          ($2,474,642) ($4,292,936) ($2,980,282)
 Adjustments to reconcile net loss
  to net cash provided by
  operating activities:
  Depreciation and amortization      1,822,805    1,790,439    1,742,807
  Changes in assets and
   liabilities:
   (Increase) decrease in restricted
    cash                              (258,714)    (413,151)     198,498
   (Increase) decrease in accounts
    receivable                         (67,168)     (61,690)     (22,671)

  Decrease (increase) in other
   assets                               60,552       19,934      (94,299)
  Increase in accounts payable -
   trade                               440,072      413,783      261,649
  (Decrease) increase in accounts
   payable - related parties           (84,354)   1,441,700       25,331
  Increase in interest payable         807,247    1,109,954    1,767,006
  Increase in tenant security
   deposits                             27,792          804        6,447
  (Decrease) increase in other
   liabilities                          (8,629)     206,000      183,535
                                    ----------   ----------   ----------
    Net cash provided by operating
     activities:                       264,961      214,837    1,088,021
Cash flows from investing           ----------   ----------   ----------
 activities:
 Capital expenditures                 (765,817)    (894,188)  (1,035,729)
                                    ----------   ----------   ----------
    Net cash used in investing
     activities:                      (765,817)    (894,188)  (1,035,729)
                                    ----------   ----------   ----------
Cash flows from financing
 activities:
 Borrowings under debt obligations   1,694,430    1,387,108      182,998
  Payments of principal under debt
   obligations                      (1,208,003)    (888,901)     (87,059)
                                    ----------   ----------   ----------
    Net cash provided by (used in)
     financing activities:             486,427      498,207       95,939
                                    ----------   ----------   ----------
(Decrease) increase in cash and
 cash equivalents                      (14,429)    (181,144)     148,231
Cash and cash equivalents at
 beginning of year                      38,110      219,254       71,023
                                    ----------   ----------   ----------
Cash and cash equivalents at end of
 year                               $   23,681   $   38,110   $  219,254
                                    ==========   ==========   ==========

Supplemental Disclosure of Cash
 Flow Information:
  Cash paid during the year for
   interest                         $3,433,697   $3,012,289   $2,240,494
                                    ==========   ==========   ==========

The accompanying notes are an integral part of these financial statements.

<PAGE>



                DIVERSIFIED HISTORIC INVESTORS II
                     (a limited partnership)


NOTE A - ORGANIZATION

Diversified Historic Investors II (the "Partnership") was  formed
in  December  1984  to  acquire, rehabilitate,  and  manage  real
properties which are certified historic structures as defined  in
the Internal Revenue Code (the "Code"), or which are eligible for
designation  as such, utilizing mortgage financing  and  the  net
proceeds   from   the   sale   of  limited   partnership   units.
Rehabilitations undertaken by the Partnership were  done  with  a
view  to  obtaining  certification of expenditures  therefore  as
"qualified rehabilitation expenditures" as defined in  the  Code.
The  General Partner, Dover Historic Advisors, has the  exclusive
responsibility for all aspects of the Partnership's operations

NOTE B - SIGNIFICANT ACCOUNTING POLICIES

A  summary of the significant accounting policies applied in  the
preparation of the accompanying consolidated financial statements
follows:

1.   Principles of Consolidation

The   accompanying  consolidated  financial  statements  of   the
Partnership  include the accounts of two subsidiary  partnerships
(the  "Ventures"),  in  which  the  Partnership  has  controlling
interests,  with  appropriate  elimination  of  inter-partnership
transactions  and  balances.  These financial statements  reflect
all adjustments (consisting only of normal recurring adjustments)
which,  in the opinion of the Partnership's General Partner,  are
necessary  for  a  fair statement of the results  for  the  years
presented.

2.   Depreciation

Depreciation is computed using the straight-line method over  the
estimated useful lives of the assets.  Buildings and improvements
are  depreciated  over 25 years and furniture and  fixtures  over
five years.

3.   Finance Costs

Loan fees have been incurred with respect to certain loans.  Such
fees are being amortized over the terms of the related loans  (18
to 40 years) and being charged to amortization expense.

The  Partnership prepaid all amounts due under a ground lease for
one  of its properties.  Such prepayment is being amortized  over
the   term  of  the  lease  (75  years)  and  being  charged   to
amortization expense.

Tindeco Wharf Partnership ("TWP") incurred $818,465 of settlement
fees  in  conjunction with a bond refinancing.  These  settlement
fees  are  included in other assets and are being amortized  over
the  term  of  the  bond  issue.   Accumulated  amortization  was
$188,663   and   $166,007  at  December  31,   2000   and   1999,
respectively.
4.   Cash and Cash Equivalents

The Partnership considers all highly liquid instruments purchased
with a maturity of less than three months to be cash equivalents.

5.   Net Income Per Limited Partnership Unit

The  net  income  per limited partnership unit is  based  on  the
weighted  average number of limited partnership units outstanding
during the period (20,593.3 in 2000, 1999 and 1998).

6.   Income Taxes

Income  taxes  or credits resulting from earnings or  losses  are
payable   by   or  accrue  to  the  benefits  of  the   partners;
accordingly, no provision has been made for income taxes in these
financial statements.

7.   Restricted Cash

Restricted  cash  includes  amounts  held  for  tenant   security
deposits, insurance and real estate tax reserves.

8.   Revenue Recognition

Revenues  are  recognized  when rental  payments  are  due  on  a
straight-line  basis.  Rental payments received  in  advance  are
deferred until earned.

9.   Rental Properties

Rental properties are stated at cost.  A provision for impairment
of  value  is  recorded when a decline in value of a property  is
determined to be other than temporary as a result of one or  more
of  the following: (1) a property is offered for sale at a  price
below  its current carrying value, (2) a property has significant
balloon payments due within the foreseeable future for which  the
Partnership  does not have sufficient resources, and  anticipates
it  will  be  unable  to  obtain replacement  financing  or  debt
modification  sufficient  to allow it to  continue  to  hold  the
property  over  a reasonable period of time, (3) a  property  has
been,   and  is  expected  to  continue,  generating  significant
operating deficits and the Partnership is unable or unwilling  to
sustain such deficits and has been unable, or anticipates it will
be  unable, to obtain debt modification, financing or refinancing
sufficient  to  allow it to continue to hold the property  for  a
reasonable period of time or, (4) a property's value has declined
based  on  management's expectations with  respect  to  projected
future operational cash flows and prevailing economic conditions.
An  impairment  loss  is indicated when the undiscounted  sum  of
estimated  future  cash flows from an asset, including  estimated
sales proceeds, and assuming a reasonable period of ownership  up
to  5 years, is less than the carrying amount of the asset.   The
impairment  loss  is  measured  as  the  difference  between  the
estimated fair value and the carrying amount of the asset. In the
absence  of  the above circumstances, properties and improvements
are  stated at cost.  An analysis is done on an annual  basis  at
December of each year.

10.  Use of Estimates

The  preparation  of the financial statements in conformity  with
generally  accepted accounting principles requires management  to
make  estimates and assumptions that affect the amounts  reported
in  the  financial  statements and  accompanying  notes.   Actual
results could differ from those estimates.

NOTE C - DEBT OBLIGATIONS

Debt obligations were as follows:

                                                   December 31,
                                                2000         1999
                                                ----         ----
Mortgage  loan,  interest  only  at  14%;  $ 7,123,830  $ 6,531,626
principal   due   December   31,    2015,
collateralized  by  the  related   rental
property

Mortgage  loan,  interest  at  12%,   due    1,800,000    1,800,000
January  1, 1992, collateralized  by  the
related rental property (A)

Mortgage  loans, interest at the  Federal    1,083,896    1,081,669
Reserve  Discount rate  plus  2%  with  a
minimum of 7% and a maximum of 15% (7% at
December  31,  2000 and 1999),  principal
and  interest payable monthly based on  a
20-year  amortization schedule; principal
due  October  1, 2005; collateralized  by
the related rental property

Mortgage revenue bonds comprised  of  the   16,531,452   16,639,455
following:   $1,440,000 of Serial  Bonds,
interest rates ranging from 4.6% to 6.1%,
maturing  semi-annually  from  June   20,
2000, to December 20, 2006; $1,650,000 of
Term  Bonds,  interest at 6.5%,  maturing
December  20,  2012; $8,260,000  of  Term
Bonds,   interest   at   6.6%,   maturing
December  20,  2024; $5,605,000  of  Term
Bonds,   interest   at   6.7%,   maturing
December 20, 2028; collateralized by  the
related rental property

Second   mortgage  loan,  principal   and    4,953,471    4,953,471
interest  at  7.5%,  payable  in  monthly
installments  of  $36,606  to  July  2005
based  upon available cash flow, at which
time  the  balance is due; collateralized
by the related rental property (B)

Note  payable  to  a developer,  interest
accrues  at 12%, of which 6% interest  is
payable  annually; deferred  interest  is
payable   out  of  cash  flow   after   a
preference return to the Partnership with
interest  accruing on the unpaid  amount; `
principal and unpaid interest due at  the
earlier  of  sale or refinancing  of  the
property or 2005; unsecured                  2,300,000     2,300,000
                                           -----------   -----------
                                           $33,792,649   $33,306,221
                                           ===========   ===========


(A)  Interest  payments were not made after August 1991.   Lender
     declared  default and accelerated payment  of  the  note  in
     February  1992.   The partnership which  owns  the  property
     filed a petition of reorganization in May 1992.  In November
     1992,  the automatic stay was lifted and the property  which
     collateralizes  this loan was foreclosed by  the  lender  in
     February   1993.    However,  the   partnership   guaranteed
     $1,800,000  of the original note balance, which is  included
     in debt obligations.

(B)  Interest and principal after August 1, 1990 due only to  the
     extent  of  available cash flow.  Any unpaid  principal  and
     interest is deferred.  Additional interest equal to  20%  of
     net  cash  flow from operations, as defined,  in  excess  of
     $1,075,000 is payable annually.  The lender is also entitled
     to  receive  10% of the net proceeds from the  sale  of  the
     property as defined.  No interest was paid during 2000, 1999
     or 1998.

Approximate maturities of mortgage loan obligations, at  December
31, 2000 for each of the succeeding five years are as follows:

Year Ending December 31,
                   2001        $ 1,919,017
                   2002            131,154
                   2003            144,528
                   2004            159,267
                   2005          8,512,876
                   Thereafter   22,925,807
                               -----------
                               $33,792,649
                               ===========

NOTE E - ACQUISITIONS

The   Partnership  acquired  one  property  and   three   general
partnership  interests in Ventures during the period August  1985
to October 1985, as discussed below.

In  August 1985, the Partnership was admitted, with a 99% general
partner  interest,  to a Pennsylvania general partnership,  which
owns  a  building  located in Savannah,  Georgia,  consisting  of
22,559  commercial square feet and a 44 room hotel,  for  a  cash
capital contribution of $3,600,409.

In  October  1985,  the  Partnership was admitted,  with  an  85%
general  partner interest, to a Pennsylvania general partnership,
which  owned a 54-room hotel located in Washington, D.C.,  for  a
cash  capital  contribution  of  $1,820,100.   The  Partnership's
interest was subsequently reduced to 69% when an affiliate of the
Partnership  acquired a 19% interest.  The lender  foreclosed  in
1993.

In   October   1985,  the  Partnership  purchased  a  three-story
building,  consisting  of  29 residential  apartments  and  9,500
square  feet  of  commercial space, for a cash  consideration  of
$1,320,883.

In  October  1985,  the  Partnership was admitted,  with  an  85%
general  partner  interest,  to a Maryland  general  partnership,
which  owns a building located in Baltimore, Maryland, consisting
of  240  residential units and 41,307 square feet  of  commercial
space,  for  a  cash  capital contribution  of  $7,271,300.   The
Partnership subsequently purchased an additional 5% interest  for
$262,500.

NOTE F- COMMITMENTS AND CONTINGENCIES

Pursuant to certain agreements, the developers of and lenders  to
the properties are entitled to share in the following:

1.   15% of net cash flow from operations (one property), and 15%
     to  50%  of  net  cash  flow from operations  above  certain
     specified amounts (two properties);

2.   10%  to 45% of the net proceeds, as defined, of the sale  of
     the  respective  properties (three properties).   Generally,
     the  Partnership  is entitled to a priority distribution  of
     the   net  proceeds  of  sale  prior  to  any  payments   to
     developers.

J.  A.  Jones  Construction  Company  ("Jones")  contracted  with
Factor's  Walk Partners ("FWP"), a subsidiary of the Partnership,
for  the renovation of what was originally a warehouse, into  the
River  Street  Inn/Factor's Walk.  During construction,  numerous
disputes  arose  between  the parties.   As  a  result  of  those
disputes,  Jones  abandoned the project prior to  completion  and
filed  suit  in the matter of J.A. Jones Construction Company  v.
Factor's  Walk Partners in the United States District  Court  for
the  Northern District of Georgia.  On January 1, 1994, the court
entered  a  judgment  in favor of Jones and against  FWP  in  the
amount of $1,069,017.  The judgment accrued interest at 9.5%  and
$62,562 of interest was accrued in both 1995 and 1994.  FWP filed
an  appeal  which  was  held  in abeyance  while  FWP  and  Jones
participated  in  a  court  sponsored  settlement  program.    On
November  8, 1996, a settlement agreement was reached  whereby  a
note in the amount of $1,000,000 was issued.  The note calls  for
6% interest until September 1, 1997, with the rate increasing .5%
on  each  August  1  thereafter to a maximum  of  prime  plus  2%
(therefore,  8% at December 31, 2000) and is due  on  October  1,
2011.   Interest  is  due quarterly with the  first  payment  due
September 1, 1997.

NOTE G - RELATED PARTY TRANSACTIONS

On June 30, 1992, DHP, Inc. assigned to D, LTD a note receivable,
from FWP to the Partnership, which had been assigned to DHP, Inc.
The note was in the stated amount of $55,951 and bore interest at
10%;  the note was due on June 30, 1997.  On January 13, 1994  D,
LTD obtained a judgment on this note in the amount of $73,184  in
Common  Pleas  Court for Philadelphia County,  Pennsylvania.  The
judgement  accrues interest at 15%. On March 31, 2000   the  note
was  sold. Interest accrued during 2000 was $22,620. The  balance
of  the  note at December 31, 2000 was $197,409. Interest accrued
during  2000 and 1999 was $22,619 and $24,665, respectively.  The
balance of the note at December 31, 2000 was $197,409.

On  June 30, 1992, DHP, Inc. assigned to D, LTD a note receivable
from  the Partnership in the stated amount of $404,046.  The note
bore interest at 10% and was due on June 30, 1997.  On March  23,
1993,  D,  LTD obtained a judgment on this note in the amount  of
$454,299   in   Common  Pleas  Court  for  Philadelphia   County,
Pennsylvania.   The judgment accrues interest at  15%.   Interest
accrued   during  2000  and  1999  was  $163,654  and   $155,167,
respectively.   Payments on the judgment  are  to  be  made  from
available  cash flow and before any distribution can be  made  to
the  Partnership's limited partners. The balance of the  note  at
December  31,  2000 was $1,111,079. This note  and  judgment  are
secured  by  a judgment lien on Washington Square and  have  been
acquired by the holder of the mortgage on Washington Square.

The  seller  of  Washington Square agreed to lend  funds  to  the
Partnership  to  cover cash flow deficits for a five-year  period
expiring  in  1990.   The  Partnership borrowed  $97,008  through
December  1988.   The loan bears interest at 12%, with  principal
and  interest  payments to be made out of  cash  flow  after  the
payment  of  the  cumulative  preferred  return  to  the  limited
partnership unit holders.  Interest accrued during both 2000  and
1999  was  $11,641. The balance of the note at December 31,  2000
was $248,340.


Tindeco Wharf Partnership accrues to Dover Historic Advisors,  an
affiliate  of  a partner, and Boston Street Properties,  Inc.,  a
partner,  an  annual investor service fee of $10,000 each.  These
fees  are paid from available cash flow subsequent to the payment
of  the  operating  deficit  loan and  current  interest  on  the
development  fee  note. No fees were paid  during  2000.  Accrued
investor service fees are $80,000 at December 31, 2000.

NOTE H - INCOME TAX BASIS RECONCILIATION

Certain  items  enter into the determination of  the  results  of
operations  in  different  time periods for  financial  reporting
("book")   purposes   and  for  income  tax   ("tax")   purposes.
Reconciliations of net loss and partners' equity follows:

                                   For the Years Ended December 31, 2000
                                        2000         1999         1998
                                        ----         ----         ----
Net loss - book                    ($ 2,474,642)($ 4,292,936)($ 2,980,282)
 Depreciation                            77,686      (79,205)     147,722
 Interest                               978,434      818,633    1,103,722
 Guarantor fees                         121,800      121,800      121,800
 Investor service fee                    20,000       20,000       20,000
 Partnership administrative fee      (1,333,786)   1,333,786            0
 Other                                   19,252            0            0
Minority interest - tax only            199,521      124,189      179,674
                                    -----------  -----------  -----------
Net loss - tax                     ($ 2,391,735)($ 1,953,733)($ 1,407,364)
                                    ===========  ===========  ===========

Partners' equity - book            ($30,307,253)($27,832,611)($23,539,675)
Costs of issuance                     2,471,196    2,471,196    2,471,196
Cumulative tax over (under) book
 loss                                 8,436,375    8,914,091    6,947,522
Facade easement donation (tax only)     203,778      203,778      203,778
Prior period adjustment                  48,071       48,071       48,071
Capital adjustments (tax only)         (324,580)    (324,580)    (324,580)
                                    -----------  -----------  -----------
Partners' equity - tax             ($19,472,413)($16,520,055)($14,193,688)
                                    ===========  ===========  ===========



NOTE I - TERMINATION OF MANAGEMENT AGREEMENT

In  1999  TWP terminated its management agreement with  Signature
Management Services.  The termination agreement requires a buyout
totaling  $1,350,000 of which $1,333,786 is  included  under  the
caption  "Partnership  Administration Fee"  in  the  Consolidated
Statements  of  Operations and $16,214 of which was  utilized  to
repay outstanding advances.

NOTE J - SUBSEQUENT EVENT

Washington Square was foreclosed on March 22, 2001 by the  holder
of the mortgage and the judgment.

<PAGE>





                    SUPPLEMENTAL INFORMATION



<PAGE>

              DIVERSIFIED HISTORIC INVESTORS II
                   (a limited partnership)

   SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION
                      DECEMBER 31, 2000



                                           Cost
                                        Capitalized
                        Initial Cost     Subsequent
                       to Partnership        to
                             (b)        Acquisition

                               Buildings
                                 and
              Encum-           Improve-   Improve-
Description   brances   Land    ments      ments
-----------   -------   ----   ---------  --------
  (a)           (f)

44 room hotel
with 21,500
square feet
of commercial
space in
Savannah,
GA        $ 7,123,829 $200,000 $ 9,178,160 $ 1,603,009

29 apartment
units
and 9,500
square feet
of
commercial
space in
West
Chester,
PA          2,883,897   87,500   2,833,383     131,798

262 apartment
units
and 39,000
square feet
of
commercial
space in
Baltimore,
MD         23,784,923   647,082   2,000,000  29,482,973
          -----------  --------  ---------- -----------
          $33,792,649  $934,582 $14,011,543 $31,217,780
          ===========  ======== =========== ===========




                   Gross Amount at which Carried at
                         December 31, 2000

                       Buildings
                          and                  Accumu-  Date    Date
                        Improve-               lated     of    Acquir-
Description     Land     ments       Total     Depr.   Constr.   ed
-----------     ----   ---------     -----     ------  ------- ------
  (a)                                (c)(d)    (d)(e)    (a)

44 room hotel
with 21,500
square feet
of commercial
space in                                                  1985-
Savannah,GA  $200,000 $11,201,920 $11,401,920 $ 5,828,628 1986  8/9/85

29 apartment
units and
9,500 square
feet of
commercial
space in West
Chester, PA    87,500   2,965,181    3,052,681  1,779,725 1985 10/1/85

262 apartment
units and
39,000 square
feet of
commercial
space in
Baltimore,MD                                              1985-
              647,082  31,062,222  31,709,304  17,129,497 1986 10/15/85
             -------- ----------- ----------- -----------
             $934,582 $45,229,323 $46,163,905 $24,737,850
             ======== =========== =========== ===========

<PAGE>

                 DIVERSIFIED HISTORIC INVESTORS
                     (a limited partnership)

                      NOTES TO SCHEDULE XI

                        December 31, 2000

(A)  All  properties are certified historic structures as defined
     in   the   Internal  Revenue  Code,  or  are  eligible   for
     designation as such.  The "date of construction"  refers  to
     the period in which such properties were rehabilitated.

(B)  Includes  development/rehabilitation costs incurred pursuant
     to  development agreements entered into when the  properties
     were acquired.

(C)  The  aggregate  cost of real estate owned  at  December  31,
     2000,  for  Federal income tax purposes is $43,823,769.  The
     depreciable basis of buildings and improvements  is  reduced
     for federal income tax purposes by the investment tax credit
     and the historic rehabilitation credit obtained.

(D)  Reconciliation of real estate:

                                        2000        1999        1998
                                        ----        ----        ----
Balance at beginning of year       $45,398,088 $44,503,900 $43,468,171
Additions during the year:
 Improvements                          765,817     894,188   1,035,729
                                   ----------- ----------- -----------
Balance at end of year             $46,163,905 $45,398,088 $44,503,900
                                   =========== =========== ===========

Reconciliation of accumulated depreciation:
                                         2000       1999        1998
                                         ----       ----        ----
Balance at beginning of year       $22,962,044 $21,218,232 $19,522,725
Depreciation expense for the year    1,775,806   1,743,812   1,695,507
                                   ----------- ----------- -----------
Balance at end of year             $24,737,850 $22,962,044 $21,218,232
                                   =========== =========== ===========

(E)  See  Note  B  to  the financial statements for  depreciation
     method and lives.

(F)  See  Note  F  to  the financial statements  for  information
     regarding certain contingencies.


Item  9.    Changes  in  and Disagreements  with  Accountants  on
Accounting and Financial Disclosure

          None.

                            PART III

Item 10.  Directors and Executive Officers of Registrant

           a.  Identification of Directors -  Registrant  has  no
directors.

          b. Identification of Executive Officers

              The  General  Partner of the  Registrant  is  Dover
Historic  Advisors  (DoHA), a Pennsylvania  general  partnership.
The partners of DoHA are as follows:

                                       Term of
Name                Age    Position    Office        Period Served
----                ---    ---------   ------        -------------
                           Partner in
SWDHA, Inc.         --     DoHA        No fixed term  Since May 1997

                           Partner in
EPK, Inc.           --     DoHA        No fixed term  Since May 1997

          c.   Identification of Certain Significant Employees.  Regis-
trant has  no  employees.  Its administrative and operational functions
are   carried  out  by  a  property  management  and  partnership
administration firm engaged by the Registrant.

          d.   Family Relationships. None

           e. Business Experience.  DoHA is a general partnership
formed  in  August 1985.  The General Partner is responsible  for
the  management and control of the Registrant's affairs and  will
have  general  responsibility  and authority  in  conducting  its
operations.

          On  May  13,  1997,  SWDHA, Inc.  and  EPK,  Inc.  were
appointed  partners of DoHA.  Spencer Wertheimer,  the  President
and  Sole  Director of SWDHA, Inc., is an attorney with extensive
experience in real estate activities and ventures.

          EPK,  Inc.  is  a Delaware corporation formed  for  the
purpose  of managing properties or interests therein.  EPK,  Inc.
is  a wholly-owned subsidiary of D, LTD, an entity formed in 1985
to act as the holding company for various corporations engaged in
the   development   and  management  of  historically   certified
properties and conventional real estate as well as a provider  of
financial  (non-banking) services.  EPK, Inc.  is  a  partner  of
DoHA.

          The  officers and directors of EPK, Inc. are  described
below.

          Spencer  Wertheimer was appointed on May  13,  1997  as
President,  Treasurer  and  Sole  Director  of  EPK,  Inc.    Mr.
Wertheimer  is  an  attorney with extensive  experience  in  real
estate activities and ventures.

          Donna M. Zanghi (age 43) was appointed on May 13,  1997
as  Vice  President  and  Secretary  of  EPK,  Inc.   Ms.  Zanghi
previously served as Secretary and Treasurer of DHP, Inc.   since
June  14,  1993 and as a Director and Secretary/Treasurer  of  D,
LTD.   She was associated with DHP, Inc. and its affiliates since
1984  except for the period from December 1986 to June  1989  and
the period from November 1, 1992 to June 14, 1993.

          Michele F. Rudoi (age 35) was appointed on May 13, 1997
as  Assistant Secretary of EPK, Inc.  Ms. Rudoi previously served
as  Assistant Secretary and Director of both D, LTD and DHP, Inc.
since January 27, 1993.

Item 11.  Executive Compensation

          a. Cash Compensation - During 2000, Registrant has paid
no  cash compensation to DoHA, any partner therein or any  person
named in paragraph c. of Item 10.  Certain fees have been paid to
DHP, Inc. by Registrant.

           b. Compensation Pursuant to Plans - Registrant has  no
plan  pursuant  to  which compensation was  paid  or  distributed
during  2000,  or  is proposed to be paid or distributed  in  the
future,  to  DoHA, any partner therein, or any  person  named  in
paragraph c. of Item 10 of this report.

          c. Other Compensation - No compensation not referred to
in  paragraph  a.  or  paragraph b. of  this  Item  was  paid  or
distributed  during  2000 to DoHA, any partner  therein,  or  any
person named in paragraph c. of Item 10.

           d.  Compensation  of  Directors -  Registrant  has  no
directors.

           e.  Termination  of Employment and Change  of  Control
Arrangement - Registrant has no compensatory plan or arrangement,
with respect to any individual, which results or will result from
the   resignation  or  retirement  of  any  individual,  or   any
termination  of such individual's employment with  Registrant  or
from  a  change  in  control of Registrant or a  change  in  such
individual's responsibilities following such a change in control.

Item  12.   Security Ownership of Certain Beneficial  Owners  and
Management

          a. Security Ownership of Certain Beneficial Owners - No
person is known to Registrant to be the beneficial owner of  more
than five percent of the issued and outstanding Units.

          b. Security Ownership of Management - None.

          c. Changes in Control - Registrant does not know of any
arrangement,  the  operation of which may at  a  subsequent  date
result in a change in control of Registrant.

Item 13.  Certain Relationships and Related Transactions

          Pursuant to Registrant's Amended and Restated Agreement
of  Limited  Partnership, DoHA is entitled to 10% of Registrant's
distributable cash from operations in each year.   There  was  no
such share allocable to DoHA for fiscal years 1997 through 2000.

           a. Certain Business Relationships - Registrant has  no
directors.

          b. Indebtedness of Management - No executive officer or
significant employee of Registrant, Registrant's general  partner
(or  any  employee thereof), or any affiliate of any such person,
is or has at any time been indebted to Registrant.

<PAGE>
                             PART IV

Item  14. (A) Exhibits, Financial Statement Schedules and Reports
on Form 8-K.

          1. Financial Statements:

                            a.    Consolidated Balance Sheets  at
                 December 31, 2000 and 1999.

                             b.     Consolidated  Statements   of
                 Operations  for  the  Years Ended  December  31,
                 2000, 1999 and 1998.

                             c.     Consolidated  Statements   of
                 Changes in Partners' Equity for the Years  Ended
                 December 31, 2000, 1999 and 1998.

                            d.    Consolidated Statements of Cash
                 Flows  for  the Years Ended December  31,  2000,
                 1999 and 1998.

                            e.    Notes to consolidated financial
                 statements.

           2. Financial statement schedules:

                            a.    Schedule  XI- Real  Estate  and
                 Accumulated Depreciation.

                           b.   Notes to Schedule XI.

           3.  Exhibits:

               (a) Exhibit Number   Document
                   --------------   --------
                    3               Registrant's  Amended   and
                                    Restated   Certificate   of
                                    Limited   Partnership   and
                                    Agreement    of     Limited
                                    Partnership,     previously
                                    filed  as part of Amendment
                                    No.   2   of   Registrant's
                                    Registration  Statement  on
                                    Form       S-11,        are
                                    incorporated   herein    by
                                    reference.

                  21                Subsidiaries     of     the
                                    Registrant  are  listed  in
                                    Item  2. Properties of this
                                    Form 10-K.

                (b)  Reports on Form 8-K:
                     No  reports  were filed  on  Form  8-K
                     during the  quarter  ended December 31, 2000.

                (c)  Exhibits:
                     See  Item 14(A)(3)above.


<PAGE>
                           SIGNATURES

          Pursuant to the requirement of Section 13 or  15(d)  of
the  Securities Exchange Act of 1934, Registrant has duly  caused
this  report  to  be  signed on its behalf  by  the  undersigned,
thereunto duly authorized.

                              DIVERSIFIED HISTORIC INVESTORS II

Date:  December 17, 2002      By: Dover Historic Advisors, General Partner
       -----------------
                                   By: EPK, Inc., Partner

                                       By: /s/ Spencer Wertheimer
                                           ----------------------
                                           SPENCER WERTHEIMER
                                           President and Treasurer

                                       By: /s/ Michele F. Rudoi
                                           ----------------------
                                           MICHELE F. RUDOI,
                                           Assistant Secretary

         Pursuant to the requirements of the Securities Exchange
Act of 1934, this report has been signed below by the following
persons on behalf of Registrant and in the capacities and on the
dates indicated.

        Signature               Capacity             Date
        ---------               --------             ----

DOVER HISTORIC ADVISORS       General Partner

By: EPK, Inc., Partner

   By: /s/ Spencer Wertheimer                      December 17, 2002
       ----------------------                      -----------------
      SPENCER WERTHEIMER
      President and Treasurer

   By: /s/ Michele F. Rudoi                        December 17, 2002
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      MICHELE F. RUDOI,
      Assistant Secretary


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