U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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


                                   FORM 10-QSB



(Mark One)
    (X)  Quarterly  Report Under Section 13 or 15(d) of the  Securities
         Exchange Act of 1934

         For the Quarterly period ended June 30, 1999


    ( )  Transition Report Under Section 13 or 15(d) of the Exchange Act For the
         Transition period from                      to
                                 -------------------    -------------------

                         Commission File Number: 0-21604


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

             Common Goal Health Care Pension and Income Fund L.P. II
        (Exact name of small business issuer as specified in its charter)


            Delaware                                            36-3644837
            --------                                            ----------
   (State or other Jurisdiction                             (I.R.S. Employer
of incorporation or organization)                        Identification Number)


                                215 Main Street
                            Penn Yan, New York 14527
                            ------------------------
                    (Address of principal executive offices)


                                 (315) 536-5985
                                 --------------
                          (Issuer's telephone number)


Check  whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange  Act during the past 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

<PAGE>
                         PART 1 - Financial Information

Item 1.  Financial Statements

             COMMON GOAL HEALTH CARE PENSION AND INCOME FUND L.P. II
                        (A Delaware Limited Partnership)
<TABLE>
<CAPTION>
                                 Balance Sheets

                                                                              June 30,    December 31,
                                                                               1999           1998
                                                                               ----           ----
                                                                            (Unaudited)

                                     Assets
                                     ------


<S>                                                                         <C>          <C>
Cash and cash equivalents ................................................   $  434,082   $  839,759
Due from affiliates ......................................................       13,003        9,967
Accrued interest receivable ..............................................       58,192       64,343
Mortgage loans receivable ................................................    1,290,290    1,290,290
                                                                             ----------   ----------

Total Assets .............................................................   $1,795,567   $2,204,359
                                                                             ==========   ==========

                          Liabilities and Partners' Capital
                          ---------------------------------

Liabilities
Due to affiliates ........................................................   $   50,183   $   34,967
Accrued distributions ....................................................       40,906      250,000
Deferred revenue .........................................................      400,000      400,000
                                                                             ----------   ----------
            Total Liabilities ............................................      491,089      684,967

Partners' capital:
         General partner .................................................       47,208       45,308
         Limited partner .................................................    1,257,270    1,474,084
                                                                             ----------   ----------
            Total partners' capital ......................................    1,304,478    1,519,392
                                                                             ----------   ----------
Total Liabilities and Partners' Capital ..................................   $1,795,567   $2,204,359
                                                                             ==========   ==========
</TABLE>

See accompanying notes

                                        2
<PAGE>

             COMMON GOAL HEALTH CARE PENSION AND INCOME FUND L.P. II
                        (A Delaware Limited Partnership)
<TABLE>
<CAPTION>
                              Statements of Income
                                   (Unaudited)

                                        THREE MONTHS ENDED    SIX MONTHS ENDED
                                       June 30,   June 30,   June 30,   June 30,
                                         1999       1998       1999      1998
                                         ----       ----       ----      ----
<S>                                   <C>        <C>        <C>        <C>
Revenue
-------

         Interest Income ...........   $ 56,237   $ 69,522   $114,392   $140,930
                                       --------   --------   --------   --------
            Total Revenue ..........     56,237     69,522    114,392    140,930

Expenses
--------

         Professional fees .........     20,295     21,693     31,812     26,726
         Fees to affiliates:
          Management ...............      2,180      4,670      4,986      9,597
          Mortgage Servicing .......        281        281        563        563
         Other .....................        783        500      1,039      1,319
                                       --------   --------   --------   --------
            Total Expenses .........     23,539     27,144     38,400     38,205
                                       --------   --------   --------   --------

         Net Income ................   $ 32,698   $ 42,378   $ 75,992   $102,725
                                       ========   ========   ========   ========

Net Income allocated to
 general partners ..................   $    817   $  1,060   $  1,900   $  2,568

Net Income allocated to
 limited partners ..................     31,881     41,318     74,092   $100,157
                                       --------   --------   --------   --------
                                       $ 32,698   $ 42,378   $ 75,992   $102,725
                                       ========   ========   ========   ========

Basic earnings per limited
 partner unit ......................   $    .06   $    .08   $    .14   $    .20
                                       ========   ========   ========   ========

Weighted average limited ...........    522,116    522,116    522,116    522,116
                                       ========   ========   ========   ========
 partner units outstanding
</TABLE>

See accompanying notes.

                                        3
<PAGE>
             COMMON GOAL HEALTH CARE PENSION AND INCOME FUND L.P. II
                        (A Delaware Limited Partnership)
<TABLE>
<CAPTION>

                         Statements of Partners' Capital
                                   (Unaudited)

                                                                   SIX MONTHS ENDED
                                                                       JUNE 30,

                                                   1999                                        1998
                                 ----------------------------------------    -----------------------------------------

                                                                 TOTAL                                       TOTAL
                                    GENERAL       LIMITED       PARTNERS'       GENERAL       LIMITED       PARTNERS'
                                    PARTNERS      PARTNERS       CAPITAL        PARTNERS      PARTNERS       CAPITAL


<S>                             <C>           <C>            <C>            <C>           <C>            <C>
Balance at beginning of period   $    45,308   $ 1,474,084    $ 1,519,392    $    39,123   $ 2,480,837    $ 2,519,960

Net income ...................         1,900        74,092         75,992          2,568       100,157        102,725

Distributions to partners ....          --        (290,906)      (290,906)          --        (205,091)      (205,091)
                                 -----------   -----------    -----------    -----------   -----------    -----------

Balance at end of period .....   $    47,208   $ 1,257,270    $ 1,304,478    $    41,691   $ 2,375,903    $ 2,417,594
                                 ===========   ===========    ===========    ===========   ===========    ===========
</TABLE>

See accompanying notes.

                                        4
<PAGE>
             COMMON GOAL HEALTH CARE PENSION AND INCOME FUND L.P. II
                        (A Delaware Limited Partnership)
<TABLE>
<CAPTION>

                            Statements of Cash Flows
                                   (Unaudited)

                                                                        SIX MONTHS ENDED
                                                                        ----------------

                                                                      JUNE 30,       JUNE 30,
                                                                        1999           1998
                                                                        ----           ----
<S>                                                              <C>            <C>
Cash flows from operating activities:
         Net income ...........................................   $    75,992    $   102,725
         Adjustments to reconcile net income to net cash
           provided by operating activities:
                  Decrease (increase) in due from affiliates ..        (3,036)        (3,414)
                  Decrease (increase) in interest receivable ..         6,151         (6,752)
                  Increase (decrease) in due to affiliates ....        15,216          9,681
                                                                  -----------    -----------
                      Net cash provided by operating activities        94,323        102,240
                                                                  -----------    -----------
Cash flows from investing activities:
                  Loan to affiliates ..........................          --          (78,000)
                                                                  -----------    -----------
                     Net cash used in investing activities ....          --          (78,000)
                                                                  -----------    -----------

Cash flows from financing activities:
         Distributions to limited partners ....................      (500,000)      (205,093)
                                                                  -----------    -----------
                    Net cash used in financing activities .....      (500,000)      (205,093)
                                                                  -----------    -----------

Net increase (decrease) in cash and cash equivalents: .........      (405,677)      (180,853)

Cash and cash equivalents, beginning of period ................       839,759      1,647,623
                                                                  -----------    -----------

Cash and cash equivalents, end of period ......................   $   434,082    $ 1,466,770
                                                                  ===========    ===========
</TABLE>

See accompanying notes.

                                        5
<PAGE>
                             COMMON GOAL HEALTH CARE
                         PENSION AND INCOME FUND L.P. II
                        (A Delaware Limited Partnership)

                          Notes to Financial Statements
                                   (Unaudited)
                                  June 30, 1999


(1)      Organization and Summary of Significant Accounting Policies
         -----------------------------------------------------------

         Common Goal Health Care Pension and Income Fund L.P. II  (Partnership)
         was formed on May 9,  1989,  to invest in and make  mortgage  loans to
         third parties and affiliates involved in health care. On July 2, 1990,
         the Partnership commenced operations, having previously sold more that
         the specified minimum of 117,650 units ($1,176,500). The Partnership's
         offering  terminated January 11, 1992 with the Partnership having sold
         522,116 Units ($5,221,160).

         The general  partners  are Common Goal  Capital  Group,  Inc.  II, the
         managing general partner,  and Common Goal Limited Partnership II, the
         associate  general  partner.  Under  the  terms  of the  Partnership's
         agreement  of  limited  partnership  ("Partnership  Agreement"),   the
         general  partners  are not  required  to make any  additional  capital
         contributions   except  under  certain  limited   circumstances   upon
         termination of the Partnership.

         Under the  terms of the  Partnership  Agreement,  the  Partnership  is
         required to pay a quarterly  management  fee to the  managing  general
         partner equal to 1% per annum of adjusted contributions, as defined. A
         mortgage  servicing  fee equal to .25% per annum of the  Partnership's
         outstanding  mortgage loan receivable  principal  amount also is to be
         paid to Common Goal  Mortgage  Company,  an  affiliate  of the general
         partners.

         Additionally,  under  the  terms  of the  Partnership  Agreement,  the
         Partnership is required to reimburse the managing  general partner for
         certain operating expenses.

         The Partnership  classifies all short-term investments with maturities
         at date of purchase of three months or less as cash equivalents.

         Mortgage loans that have virtually the same risk and potential rewards
         as joint  ventures are accounted for and  classified as investments in
         operating   properties.   Cash  received  related  to  investments  in
         operating  properties is  recognized as interest  income to the extent
         that such  properties  have earnings  prior to the  recognition of the
         distribution  of  cash to the  Partnership;  otherwise,  such  cash is
         recorded as a reduction of the related investments.

                                        6
<PAGE>
         An allowance  for loan losses will be  provided,  if  necessary,  at a
         level which the Partnership's management considers adequate based upon
         an evaluation of known and inherent risks in the loan portfolio.

         No provision  for income taxes has been  recorded as the  liability of
         such taxes is that of the partners rather than the Partnership.

         Earnings per limited  partner  unit is computed  based on the weighted
         average  limited  partner  units  outstanding  for  the  period.

         The  accompanying  unaudited  financial  statements  as of and for the
         three  and  six  months   ended  June  30,   1999  and  1998  are  the
         representation of management and reflect all adjustments which are, in
         the opinion of  management,  necessary to a fair  presentation  of the
         financial  position and results of operations of the Partnership.  All
         such  adjustments  are normal and  recurring.  These  results  are not
         necessarily indicative of the results for the entire year.

         These  financial  statements  should be read in  conjunction  with the
         Company's financial statements and notes included in the Annual Report
         on Form 10-K filed by the Company  with the  Securities  and  Exchange
         Commission on April 15, 1999, as amended May 14, 1999.

(2)      Mortgage Loans Receivable
         -------------------------

         Unless otherwise  specified,  all references to outstanding  principal
         balances should refer to the carrying value for tax purposes.

         The Joint Venture Loan. The amount of $50,590 represents the amount of
         outstanding principal remaining in the Partnership's  participation in
         a second  mortgage  loan made by an  affiliated  joint venture (with a
         total outstanding  principal  balance of $1,618,254).  The loan, which
          was originally secured by two nursing home facilities in Pennsylvania,
         bears  interest  at a  rate  of  13.7%  per  annum  and  provides  for
         participation  interest based on the increase in the fair value of the
         facilities  to be paid at  maturity  or  pursuant  to any  sale of the
         facilities.  The loan also  provides  for the  payment  of  additional
         interest based upon the gross revenues of the facilities.  On November
         3, 1993, the borrower,  Life Care, restructured the Joint Venture Loan
         and paid down the balance.  The Partnership received $52,314 allocated
         to its share.  Of that amount,  $45,010 was applied to principal while
         the  remainder  was applied to a  prepayment  penalty,  interest and a
         refinancing fee. The entire remaining  principal balance is due at the
         maturity date of January 1, 2000.

         St.  Catherine's  Loan. As a result of the  refinancing  of the senior
         debt by the St. Catherine's,  Court House and Findlay facilities,  the
         Partnership's mortgage loans for these same facilities were refinanced
         on  April  13,  1995  and the  outstanding  principal  and  Additional
         Interest were  subsequently  paid off. The  refinancing  of the senior
         debt did not

                                        7
<PAGE>
         provide   sufficient   proceeds  to  allow  payment  in  cash  of  the
         participations  owing  under  the St.  Catherine's,  Court  House  and
         Findlay Loans (the "SC Participations")  which totaled $840,500 in the
         aggregate.  The St.  Catherine's  borrowers paid the SC Participations
         through  (i) the  issuance of notes in the total  amount of  $400,000,
         bearing  an  interest  rate of 11.00%  per annum (a)  maturing  on the
         earlier  of  the  sale  or  refinancing  of  the  Tiffin,  Bloomville,
         Fostoria,  Washington  Court  House and  Findlay  Facilities  (the "SC
         Facilities")  or the maturity of the  refinanced  senior debt (August,
         2000) and (b)  cross-collateralized by second mortgage liens on the SC
         Facilities;  and (ii) the issuance of a contingent  payment obligation
         by St.  Catherine's  of Seneca,  Inc. in the amount of $202,500  and a
         contingent  payment  obligation  by St.  Catherine's  Care  Centers of
         Fostoria, Inc. in the amount of $238,000 (collectively, the "CPOs").

         The CPOs bear  interest  at an  annual  rate of  11.00%,  which is due
         quarterly, and mature on the earlier of the sale or refinancing of the
         SC  Facilities  or the  maturity  of the senior  debt with South Trust
         (August 2000).  The CPOs provide that interest is payable on a current
         basis provided that the debt service coverage ratios on each of the SC
         Facilities  is 1.2 to 1.0. In the event these debt service  ratios are
         not  maintained,  the interest  shall  accrue until the debt  coverage
         ratio is at least 1.2 to 1.0 or  maturity.  The CPOs  further  provide
         that  principal  is payable  only to the extent  that upon a resale or
         refinancing  of the SC Facilities,  there are  sufficient  proceeds to
         repay the senior debt and the amounts  owing under the CPOs.  The CPOs
         subsequently were assumed by an affiliated entity,  Will Care of Ohio,
         Inc.,  and are secured,  to the extent they become payable and are not
         paid,  by a pledge of 30 shares of St.  Catherine's  of  Seneca,  Inc.
         common stock.

         In accordance with FASB Statement of Standards No. 66, "Accounting for
         Sales of Real Estate", the $840,500 participation cannot be recognized
         as income at this time. The Partnership  has recorded  $400,000 of the
         participation  amount,  related to the mortgage  loan  receivable,  as
         Deferred Revenue, and the interest thereon will be recognized as it is
         income  due  to the  partnership  and  the  participation  income  and
         interest earned on the CPOs will be recognized only when received.

         On March 13,  1997 the  Managing  General  Partner  approved a loan of
         $425,000  to  St.  Catherine's  Care  Center  of  Tiffin,   Inc.,  St.
         Catherine's  Care Center of  Bloomville,  Inc., St.  Catherine's  Care
         Center of Washington Court House, Inc., St. Catherine's Care Center of
         Fostoria,  Inc.  and St.  Catherine's  Care Center of  Findlay,  Inc.,
         (collectively,  "St  Catherine's  Care  Centers")  affiliates  of  the
         Managing General  Partner,  and to be secured by mortgages on the real
         properties  owned  by  each of the  foregoing,  said  mortgages  being
         subordinated to senior  indebtedness in the amount of $10,650,000 held
         by  South  Trust  Bank  of  Alabama,  N.A.  and  indebtedness  of  the
         Partnership in the amount of $400,000.  The loan will bear interest at
         the rate of 13% per  annum  and  will  mature  August  31,  2000.  The
         Partnership  funded this  $425,000 loan on April 10, 1997. On November
         3, 1997 the Managing  General  Partner  approved an additional loan of
         $425,000 to the St. Catherine's Care Centers.  As of June 30, 1999 the
         loan balance was $839,700.

                                        8
<PAGE>
         The principal balances outstanding for these loans as of June 30, 1999
         were as follows:


                                                   Second           Third
                                                Mortgage Loan    Mortgage Loan
                                                -------------    -------------

         Joint Venture Loan .................     $ 50,590         $   --
         St. Catherine's of Tiffin ..........       51,500           48,353
         St. Catherine's of Bloomville ......       36,000          163,529
         St. Catherine's of Fostoria ........      102,000          107,067
         St. Catherine's of Findlay .........      142,500          119,164
         St. Catherine's of Washington
         Court House ........................       68,000          362,194
         Unallocated ........................         --             39,393
                                                   --------        --------
                                                   $450,590        $839,700
                                                   ========        ========

         As of June 30,  1999,  the second  Mortgage  Loans were  current as to
         regular  interest.  The third  Mortgage  Loans were not  current as to
         regular  interest  as of June  30,  1999.  The  borrowers  are  paying
         additional  interest at the penalty  rate of 3% per annum.  As of June
         30, 1999,  the  Partnership  was owed $35,110 in interest on the Third
         Mortgage  Loans,  of which  $7,024  was at the 3%  penalty  rate.  The
         Partnership  is working with the borrowers to bring the third Mortgage
         Loans current.

(3)      Partners' Capital
         -----------------

         On April 13, 1999, the Partnership declared and paid a distribution of
         $250,000 ($.48 per unit) to Limited  Partner  unitholders of record at
         March 15, 1999. On July 5, 1999, the Partnership  declared and paid an
         accrued  distribution  of $40,906  ($.08 per unit) to Limited  Partner
         unitholders of record at June 15, 1999.

                                        9
<PAGE>
Item 2. Managements Discussion and Analysis or Plan of Operations.
        ----------------------------------------------------------

         General
         -------

         Some  statements  in this Form 10-QSB are  forward  looking and actual
         results may differ  materially from those stated. As discussed herein,
         among the factors  that may affect  actual  results are changes in the
         financial  condition of the  borrower  and/or  anticipated  changes in
         expenses  or  capital  expenditures,  and  compliance  with  year 2000
         issues.

         Common Goal Health  Care  Pension and Income Fund L.P.  II, a Delaware
         limited partnership (the  "Partnership"),  was formed to make mortgage
         loans   secured  by  a  mix  of  first  and  junior  liens  on  health
         care-related  properties.  The  Partnership  commenced its offering of
         Units to the public on January 12, 1990,  and commenced  operations on
         July 2,  1990  (having  sold the  Minimum  Number  of Units as of that
         date).  After  having  raised  $5,221,160  by  selling  Units  to  483
         investors,  the Partnership  terminated the public offering on January
         11, 1992.

         The  Partnership's  Mortgage Loans pay Basic Interest which is payable
         at higher  rates than are being earned on  temporary  investments  and
         provide for payments of Additional  Interest and  Participations.  The
         interest  derived from the Mortgage  Loans and  repayments of Mortgage
         Loans contribute to the Partnership's liquidity.  These funds are used
         to make cash  distributions  to the  Limited  Partners,  to pay normal
         operating  expenses as they arise. The movement of funds from Mortgage
         Loans  to  short-term  investments  has  increased  the  Partnership's
         overall  liquidity,  but has lowered  expected  interest  income.  The
         Partnership  has  structured its Mortgage Loans to provide for payment
         of quarterly distributions to Limited Partners from investment income.

         Liquidity and Capital Resources
         -------------------------------

         Partnership  assets  decreased from $2,204,359 at December 31, 1998 to
         $1,795,567  at June  30,  1999.  The  decrease  of  $408,792  resulted
         primarily  from cash  distributions  on January 12, 1999 and April 13,
         1999 to the Limited Partners that was partially offset by net earnings
         for the period. As of June 30, 1999 the  Partnership's  loan portfolio
         consisted of six mortgage loans, the aggregate  outstanding  principal
         balance of which was $1,290,290.

         The  Partnership  has  structured  its  Mortgage  Loans to provide for
         payment  of  quarterly   distributions  from  investment  income.  The
         interest derived from the Mortgage Loans, repayments of Mortgage Loans
         and  interest  earned  on  short-term  investments  contribute  to the
         Partnership's   liquidity.   These   funds   are  used  to  make  cash
         distributions to Limited Partners, to pay normal operating expenses as
         they arise.

                                       10
<PAGE>
         The Partnership  intends to maintain working capital reserves equal to
         approximately  2% of gross  proceeds  of the  offering  (approximately
         $104,423  at June 30,  1999),  an amount  which is  anticipated  to be
         sufficient to satisfy  liquidity  requirements.  The Managing  General
         Partner continues monitoring the level of working capital reserves.

         Results of Operations
         ---------------------

         The  Partnership  commenced  operations  July 2, 1990,  and funded its
         first  Mortgage  Loan in  November  1990.  As of June  30,  1991,  the
         Partnership  had  completed  its  portfolio  of  Mortgage  Loans.  The
         interest  earned  on  these   investments  has  stabilized  on  a  tax
         accounting  basis.  Accordingly,   the  General  Partners  expect  the
         Partnership's earnings to remain relatively constant.

         During the six months  ended June 30, 1999 and 1998,  the  Partnership
         had net earnings of $75,992 and  $102,725,  based on total  revenue of
         $114,392 and $140,930 and total  expenses of $38,400 and $38,205.  For
         the six months  ended June 30,  1999 and 1998,  the net  earnings  per
         limited partner unit was $.14 and $.20, respectively. During the three
         months ended June 30, 1999 and 1998, the  Partnership had net earnings
         of $32,698 and $42,378  based on total  revenue of $56,237 and $69,522
         and total expenses of $23,539 and $27,144, respectively. For the three
         months  ended June 30,  1999 and 1998,  the net  earnings  per limited
         partner unit was $.06 and $.08 respectively.

         For the six months  ended June 30, 1999  compared  with the six months
         ended  June  30,  1998,  the  decrease  in  net  earnings  is  due  to
         distributions  which resulted in decreased  cash and cash  equivalents
         invested in short term  investments,  decreases in interest income and
         increases in professional fees of $5,086, decreases in management fees
         of $4,611 and decreases in other expenses of $280.

         The second  Mortgage  Loans were current as to regular  interest as of
         June 30, 1999. The third Mortgage Loans were not current as to regular
         interest as of June 30,  1999.  The  Partnership  is working  with the
         borrowers to bring the third Mortgage  Loans  current.  As of June 30,
         1999 the Partnership  was owed $35,110 of interest.  The borrowers are
         paying additional interest at the penalty rate of 3% per annum.

         The Partnership's  success and the resultant rate of return to Limited
         Partners will be dependent  upon,  among other things,  the ability of
         the Managing General Partner to identify  suitable  opportunities  for
         the  Partnership  to  reinvest  its  assets  and  the  ability  of the
         borrowers  to  pay  the  current  interest,  additional  interest  and
         principal of the Mortgage Loans.

                                       11
<PAGE>
         Year 2000 Compliance
         --------------------

         Information   provided  within  this  note  constitutes  a  year  2000
         readiness  disclosure  pursuant  to the  provisions  of the Year  2000
         Information Readiness and Disclosure Act.

         The year 2000 issue is the result of computer  programs  being written
         and microchips  being  programmed using two digits rather than four to
         define the  applicable  year.  If not  corrected,  any program  having
         time-sensitive software or equipment incorporating embedded microchips
         may  recognize a date using "00" as the year 1900 rather than the year
         2000 or may not  recognize  the year 2000 as a leap  year.  This could
         result in a variety of  problems  including  miscalculations,  loss of
         data and  failure  of entire  systems.  Critical  areas  that could be
         affected are accounts  receivable,  accounts payable,  general ledger,
         cash management,  computer  hardware,  telecommunication  and property
          operating systems.

         The  Partnership  receives  quarterly  interest  payments  from only a
         limited  number of borrowers and its bank.  The  Partnership is in the
         process of obtaining documentation related to year 2000 readiness from
         its outside vendors, including its banks. The Partnership has received
         documentation  from an outside  vendor  that  maintains  its books and
         records,  indicating  that the  vendor  is year  2000  compliant.  The
         Partnership  expects to complete the documentation  phase by September
         30, 1999. The  Partnership  expects to complete a contingency  plan by
         September 30, 1999. The Partnership  believes that based on the status
         of the Partnership's portfolio and its limited number of transactions,
         aside from  catastrophic  failures  of banks,  governmental  agencies,
         etc.,   it  could  carry  out   substantially   all  of  its  critical
         administrative  and accounting  operations on a manual basis or easily
         convert to systems that are year 2000 ready.

                                       12

<PAGE>
PART II - OTHER INFORMATION

         Items 1 through 5 are  omitted  because of the  absence  of  conditions
under which they are required.

Item 6.  Exhibits and Reports on Form 8-K

                  (a)     Exhibits
                          Exhibit 27, Financial Data Schedule

                  (b)     Reports on Form 8-K
                          Reports on Form 8-K,  8-K/A and 8-K/A2  were filed on
                          March 24,  1999,  April 2,  1999 and April 12,  1999,
                          respectively to disclose a change in the Registrant's
                          accountants.

                                       13
<PAGE>
                                   SIGNATURES
                                   ----------


In accordance with the requirements of the Exchange Act, the registrant  caused
this  report to be signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


             Common Goal Health Care Pension and Income Fund L.P. II
             -------------------------------------------------------
                                  (Registrant)



                                      By:  Common Goal Capital Group, Inc., II
                                           Managing General Partner



DATED: August 13, 1999                     /s/Albert E. Jenkins, III
                                           -------------------------
                                           Albert E. Jenkins, III
                                           President, Chief Executive Officer
                                           and Acting Chief Financial Officer


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