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, 2000


         ( )     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,
                                                              2000          1999
                                                            ----------   ----------
                                                           (Unaudited)
<S>                                                         <C>          <C>
                                     Assets
                                     ------
Cash and cash equivalents                                   $  416,852   $  423,207
Due from affiliates                                             76,513       16,038
Accrued interest receivable                                     78,193       65,126
Mortgage loans receivable                                    1,250,000    1,307,945
                                                            ----------   ----------

Total Assets                                                $1,821,558   $1,812,316
                                                            ==========   ==========

                        Liabilities and Partners' Capital
                        ---------------------------------
   Liabilities
   -----------
Due to affiliates $                                             60,497   $   50,781
Accrued distributions                                           41,685       37,986
Deferred revenue                                               400,000      400,000
                                                            ----------   ----------
            Total Liabilities                                  502,182      488,767

   Partners' capital:
         General partner                                        51,632       49,600
         Limited partner                                     1,267,744    1,273,949
                                                            ----------   ----------
            Total partners' capital                          1,319,376    1,323,549
                                                            ----------   ----------
Total Liabilities and Partners' Capital                     $1,821,558   $1,812,316
                                                            ==========   ==========
</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,
                                  2000       1999       2000       1999
                                  ----       ----       ----       ----
<S>                             <C>        <C>        <C>        <C>
Revenue
-------

         Interest Income        $ 57,188   $ 56,237   $120,522   $114,392
                                --------   --------   --------   --------
            Total Revenue         57,188     56,237    120,522    114,392

Expenses
--------

         Professional fees        26,525     20,295     33,356     31,812
         Fees to affiliates:
         Management                1,692      2,180      3,494      4,986
         Mortgage Servicing          282        281        563        563
         Other                     1,217        783      1,849      1,039
                                --------   --------   --------   --------
            Total Expenses        29,716     23,539     39,262     38,400
                                --------   --------   --------   --------

         Net Income and
         Comprehensive Income   $ 27,472   $ 32,698   $ 81,260   $ 75,992
                                ========   ========   ========   ========

Net Income allocated to
general partners - 2.5%         $    686   $    817   $  2,032   $  1,900

Net Income allocated to
limited partners - 97.5%          26,786     31,881     79,228     74,092
                                --------   --------   --------   --------
                                $ 27,472   $ 32,698   $ 81,260   $ 75,992
                                ========   ========   ========   ========

Basic earnings per limited
partner unit                    $    .05   $    .06   $    .15   $    .14
                                ========   ========   --------   --------

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,
                                                  2000                                        1999
                                 ----------------------------------------    ----------------------------------------
                                                                 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   $    49,600   $ 1,273,949    $ 1,323,549    $    45,308   $ 1,474,084    $ 1,519,392

Net income                             2,032        79,228         81,260          1,900        74,092         75,992

Distributions to partners               --         (85,433)       (85,433)          --        (290,906)      (290,906)
                                 -----------   -----------    -----------    -----------   -----------    -----------

Balance at end of period         $    51,632   $ 1,267,744    $ 1,319,376    $    47,208   $ 1,257,270    $ 1,304,478
                                 ===========   ===========    ===========    ===========   ===========    ===========
</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,
                                                                     2000        1999
                                                                  ---------    ---------
<S>                                                               <C>          <C>
Cash flows from operating activities:
         Net income                                               $  81,260    $  75,992
         Adjustments to reconcile net income to net cash
           provided by operating activities:
                  Decrease (increase) in due from affiliates        (60,475)      (3,036)
                  Decrease (increase) in interest receivable        (13,067)       6,151
                  Increase (decrease) in due to affiliates            9,716       15,216
                  Decrease (increase) in mortgage
                      loan receivable                                57,945         --
                                                                  ---------    ---------
                      Net cash provided by operating activities      75,379       94,323
                                                                  ---------    ---------
Cash flows from investing activities:
                  Loan to affiliates                                   --           --
                                                                  ---------    ---------
                     Net cash used in investing activities             --           --
                                                                  ---------    ---------

Cash flows from financing activities:
         Distributions to limited partners                          (81,734)    (500,000)
                                                                  ---------    ---------
                    Net cash used in financing activities           (81,734)    (500,000)
                                                                  ---------    ---------

Net decrease in cash and cash equivalents:                           (6,355)    (405,677)

Cash and cash equivalents, beginning of period                      423,207      839,759
                                                                  ---------    ---------

Cash and cash equivalents, end of period                          $ 416,852    $ 434,082
                                                                  =========    =========
</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, 2000


(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.
          Currently   management  believes  no  allowance  for  loan  losses  is
          necessary.

          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,  2000,  and  1999,  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-KSB filed by the Company with the  Securities  and Exchange
          Commission on April 14, 2000.

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


          The Joint Venture Loan
          ----------------------

          This loan was repaid in full on February 14, 2000, including $7,356 of
          participation interest.

          St. Catherine's Loan
          --------------------

          The principal balances outstanding for these loans as of June 30, 2000
were as follows:

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

          St. Catherine's of Tiffin      $  51,500              $  51,281
          St. Catherine's of Bloomville     36,000                173,425
          St. Catherine's of Fostoria      102,000                113,550
          St. Catherine's of Findlay       142,500                126,379
          St. Catherine's of Washington
          Court House                       68,000                385,365
                                         ---------              ---------
                                           400,000              $ 850,000
                                         =========              =========

                                       7
<PAGE>
          As of June 30,  2000,  the Second  Mortgage  Loans were  current as to
          regular  interest.  The  Partnership  and the Borrowers have agreed to
          extend the terms of the Second Mortgage Loans,  which matured on April
          30, 2000 to April 20, 2001, so that the Second Mortgage Loans would be
          continuous  with the  underlying  first  mortgage.  The  borrowers are
          paying  additional  interest  at the  penalty  rate of 3% per annum in
          addition to Basic Interest, pending documentation.  The Third Mortgage
          Loans were not current as to regular  interest as of June 30, 2000 and
          are  due  to  mature  August  31,  2000.  As of  June  30,  2000,  the
          Partnership  was owed $51,561 in interest on the Third  Mortgage Loans
          including,  $9,640 at the 3% penalty rate. The  Partnership is working
          with the borrowers to bring the Third Mortgage Loans current.

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

          On April 14, 2000, the Partnership  declared a distribution of $43,748
          ($.08 per unit) to Limited Partner  unitholders of record at March 15,
          2000, which was paid during the second quarter.  On July 10, 2000, the
          Partnership  declared a  distribution  of $ 41,685  ($.08 per unit) to
          Limited Partner unitholders of record at June 15, 2000, which was paid
          subsequent to June 30, 2000.


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.

          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).

          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
          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.

                                       8
<PAGE>
          Liquidity and Capital Resources
          -------------------------------

          Partnership  assets  increased from $1,812,316 at December 31, 1999 to
          $1,821,558 at June 30, 2000. The increase of $9,242 resulted primarily
          from net  earnings  for the period that was  partially  offset by cash
          distributions  on January 15, 2000 and April 14, 2000 totaling $81,734
          to the  Limited  Partners.  The  Partnership  also  received  $ 57,945
          (including $7,356 of participation  interest) in payment of one of its
          mortgage loans. As of June 30, 2000 the  Partnership's  loan portfolio
          consisted  of five  Second  Mortgage  Loans,  and five Third  Mortgage
          Loans,  the  aggregate  outstanding  principal  balance of which was $
          1,250,000.

          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 and to pay normal operating expenses
          as they arise.

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

          The Second  Mortgage  Loans were current as to regular  interest as of
          June 30, 2000. See Note 2 to the Financial Statements herein regarding
          extension  of the  Partnership's  Second  Mortgage  Loans.  The  Third
          Mortgage Loans were not current as to regular  interest as of June 30,
          2000. The Partnership is working with the borrowers to bring the Third
          Mortgage Loans current.  As of June 30, 2000 the  Partnership was owed
          $51,561 of interest.  The borrowers are paying interest at the penalty
          rate of 3% per annum plus Basic Interest.

          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, 2000 and 1999,  the  Partnership
          had net  earnings of $81,260 and  $75,992,  based on total  revenue of
          $120,522  and  $114,392  and total  expenses of $39,262  and  $38,400,
          respectively. For the six months ended June 30, 2000 and 1999, the net
          earnings  per  limited  partner  unit was $.15 and $.14  respectively.
          During the three months ended June 30, 2000 and 1999, the  Partnership
          had net  earnings of $27,472 and  $32,698,  based on total  revenue of
          $57,188  and  $56,237,  and total  expenses  of $29,716  and  $23,539,
          respectively.

                                       9
<PAGE>
          The  increase in net  earnings of $5,268 for the six months ended June
          30, 2000, compared to the six months ended June 30, 1999, is due to an
          increase in  interest  income of $6,130,  an increase in  professional
          fees of $1,544,  an increase in other  expenses of $810 and a decrease
          in management fees of $1,492.


          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
                           None

                                       10
<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 16, 2000                       /s/Albert E. Jenkins, III
                                             -------------------------
                                             Albert E. Jenkins, III
                                             President, Chief Executive Officer
                                             and Acting Chief Financial Officer


                                       11
<PAGE>