SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q



/X/QUARTERLY REPORT PERSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES

EXCHANGE ACT OF 1934.

For the quarterly period ended June 30, 2001

or

/ /TRANSITION REPORT PERSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number 0-19443



BOSTON CAPITAL TAX CREDIT FUND II LIMITED PARTNERSHIP(Exact name of registrant as specified in its charter)



|Delaware                          | 04-3066791         
|--------------------------------- | -------------------
|(State or other jurisdiction      | (I.R.S. Employer   
|of incorporation or organization) | Identification No.)



One Boston Place, Suite 2100,

Boston, Massachusetts  02108(Address of principal executive offices)

617-624-8900

(Registrants telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

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 reXports), and (2) has been subject to such filing requirements for the past 90 days.



|Yes | /X/ |  | No | / /
|--- | --- |  | -- | ---











BOSTON CAPITAL TAX CREDIT FUND II LIMITED PARTNERSHIP



QUARTERLY REPORT ON FORM 10-QFOR THE QUARTER ENDED June 30, 2001



TABLE OF CONTENTS

FOR THE QUARTER ENDED JUNE 30, 2001

BALANCE SHEETS















Three Months Ended JUNE 30,

Statement_of_Operations_Series_07Page 12

Statement_of_Operations_Series_09Page 13

Statement_of_Operations_Series_10Page 14

Statement_of_Operations_Series_11Page 15

Statement_of_Operations_Series_12Page 16

Statement_of_Operations_Series_14Page 17

THREE Months Ended JUNE 30,

Partners_Capital_Series_7page 26

Partners_Capital_Series_9page 26

Partners_Capital_Series_10page 27

Partners_Capital_Series_11Page 27

Partners_Capital_Series_12Page 28

Partners_Capital_Series_14Page 28

Statement_of_Cash_Flows

THREE Months Ended JUNE 30,

Cash_Flows_Series_7page 30

Cash_Flows_Series_9Page 31

Cash_Flows_Series_10Page 32

Cash_Flows_Series_11page 33

Cash_Flows_Series_12page 34

Cash_Flows_Series_14Page 35





























BOSTON CAPITAL TAX CREDIT FUND II LIMITED PARTNERSHIP

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED June 30, 2001



Notes_to_Financial_Statements









Combined_Statements_of_Operations





















Part_II_Other_Information











































































Table_of_Contents



Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETS



|                                               | June 30,
2001
(Unaudited)                                                                                                      | March 31,
2001
(Audited)
|---------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------ | ------------------------
|ASSETS                                         |                                                                                                                                |                         
|INVESTMENTS IN OPERATING PARTNERSHIPS (Note D) | $ 38,977,1260                                                                                                                  | $ 40,320,863            
|OTHER ASSETS                                   |                                                                                                                               
|                                               | Cash and cash equivalents                                                                                                      | 1,559,581               
|                                               | Notes receivable                                                                                                               | 543,584                 
|                                               | Deferred acquisition costs (Note B)                                                                                            | 1,031,934               
|                                               | Other assets                                                                                                                   | 990,296                 
|                                               | $43,102,521                                                                                                                    | $44,443,818             
|                                               |                                                                                                                                |                         
|LIABILITIES                                    |                                                                                                                                |                         
|                                               | Accounts payable                                                                                                               | $      1,380            
|                                               | Accounts payable affiliates (Note C)                                                                                           | 0
22,710,264            
|                                               |                                                                                                                                |                         
|                                               | Capital contributions payable (Note               D)                                                                           | 261,103                 
|                                               | 22,972,747                                                                                                                     | 22,344,156              
|PARTNERS' CAPITAL                              |                                                                                                                                |                         
|                                               |                                                                                                                                |                         
|Limited Partners                               |                                                                                                                                |                         
|                                               | Units of limited partnership Interest, $10 stated value per BAC; 20,000,000 authorized BACs; 18,679,738 issued and outstanding | 21,545,191              
|General Partner                                | (1,415,417)                                                                                                                    | (1,395,718)             
|                                               | 20,129,774                                                                                                                     | 22,099,662              
|                                               | $43,102,521                                                                                                                    | $44,443,818             







The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETS

Series7



|                                                 | June 30,
2001
(Unaudited)                                                                                                     | March 31,
2001
(Audited)
|------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------- | ------------------------
|ASSETS                                           |                                                                                                                               |                         
|INVESTMENTS IN OPERATING
   PARTNERSHIPS(Note D) | $ 398,774                                                                                                                     | $  478,143              
|OTHER ASSETS                                     |                                                                                                                               |                         
|                                                 | Cash and cash equivalents                                                                                                     | 2,921                   
|                                                 | Notes receivable                                                                                                              | -                       
|                                                 | Deferred acquisition costs (Note B)                                                                                           | -                       
|                                                 | Other assets                                                                                                                  | 67,204                  
|                                                 | $468,899                                                                                                                      | $551,908                
|                                                 |                                                                                                                               |                         
|LIABILITIES                                      |                                                                                                                               |                         
|                                                 |                                                                                                                               |                         
|                                                 | Accounts payable                                                                                                              | $        -              
|                                                 | Accounts payable affiliates (Note C)                                                                                          | 1,321,686               
|                                                 | Capital contributions payable (Note D)                                                                                        | -                       
|                                                 | 1,321,686                                                                                                                     | 1,293,251               
|                                                 |                                                                                                                               |                         
|PARTNERS' CAPITAL                                |                                                                                                                               |                         
|                                                 |                                                                                                                               |                         
|Limited Partners                                 |                                                                                                                               |                         
|                                                 | Units of limited partnership 
interest, $10 stated value per
BAC; 20,000,000 authorized BACs;1,036,100 issued and outstanding | (754,333)               
|General Partner                                  | (98,454)                                                                                                                      | (97,340)                
|                                                 | (852,787)                                                                                                                     | (741,343)               
|                                                 | $468,899                                                                                                                      | $551,908                



The accompanying notes are an integral part of this statement



















Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETS

Series9



|                                               | June 30,
2001(Unaudited)                                                                                                          | March 31,
2001(Audited)
|---------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------- | -----------------------
|ASSETS                                         |                                                                                                                                   |                        
|INVESTMENTS IN OPERATING
PARTNERSHIPS (Note D) | $5,842,470                                                                                                                        | $6,138,711             
|                                               |                                                                                                                                   |                        
|OTHER ASSETS                                   |                                                                                                                                   |                        
|                                               | Cash and cash equivalents                                                                                                         | 341,664                
|                                               | Notes receivable                                                                                                                  | -                      
|                                               | Deferred acquisition costs (Note B)                                                                                               | 18,485                 
|                                               | Other assets                                                                                                                      | 208,874                
|                                               | $6,411,493                                                                                                                        | $6,712,006             
|                                               |                                                                                                                                   |                        
|LIABILITIES                                    |                                                                                                                                   |                        
|                                               |                                                                                                                                   |                        
|                                               | Accounts payable                                                                                                                  | $        -             
|                                               | Accounts payable affiliates (Note C)                                                                                              | 5,333,418              
|                                               | Capital contributions payable (Note D)                                                                                            | -                      
|                                               | 5,333,418                                                                                                                         | 5,189,472              
|                                               |                                                                                                                                   |                        
|PARTNERS' CAPITAL                              |                                                                                                                                   |                        
|Limited Partners                               |                                                                                                                                   |                        
|                                               | Units of limited partnership    
Interest, $10 stated value per
BAC; 20,000,000 authorized BACs;
4,178,029 issued and outstanding | 1,427,635              
|General Partner                                | (349,560)                                                                                                                         | (345,115)              
|                                               |                                                                                                                                   |                        
|                                               | 1,078,075                                                                                                                         | 1,522,534              
|                                               | $6,411,493                                                                                                                        | $6,712,006             

The accompanying notes are an integral part of this statement



















Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 10



|                                                   | June 30,
2001(Unaudited)                                                                                                          | March 31,
2001(Audited)
|-------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------- | -----------------------
|ASSETS                                             |                                                                                                                                   |                        
|INVESTMENTS IN OPERATING 
   PARTNERSHIPS (Note D) | $6,322,639                                                                                                                        | $6,416,705             
|OTHER ASSETS                                       |                                                                                                                                   |                        
|                                                   | Cash and cash equivalents                                                                                                         | 138,671                
|                                                   | Notes receivable                                                                                                                  | -                      
|                                                   | Deferred acquisition costs (Note B)                                                                                               | 73,129                 
|                                                   | Other assets                                                                                                                      | 44,249                 
|                                                   | $6,578,688                                                                                                                        | $6,677,369             
|                                                   |                                                                                                                                   |                        
|LIABILITIES                                        |                                                                                                                                   |                        
|                                                   |                                                                                                                                   |                        
|                                                   | Accounts payable                                                                                                                  | $        -             
|                                                   | Accounts payable affiliates (Note C)                                                                                              | 3,494,886              
|                                                   | Capital contributions payable (Note D)                                                                                            | -                      
|                                                   | 3,494,886                                                                                                                         | 3,406,008              
|                                                   |                                                                                                                                   |                        
|PARTNERS' CAPITAL                                  |                                                                                                                                   |                        
|                                                   |                                                                                                                                   |                        
|Limited Partners                                   |                                                                                                                                   |                        
|                                                   | Units of limited partnership    
Interest, $10 stated value per
BAC; 20,000,000 authorized BACs;
2,428,925 issued and outstanding | 3,263,777              
|General Partner                                    | (179,975)                                                                                                                         | (178,099)              
|                                                   | 3,083,802                                                                                                                         | 3,271,361              
|                                                   | $6,578,688                                                                                                                        | $6,677,369             

The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 11



|                                               | June 30,
2001
(Unaudited)                                                                                                         | March 31,
2001(Audited)
|---------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------- | -----------------------
|ASSETS                                         |                                                                                                                                   |                        
|INVESTMENTS IN OPERATING
PARTNERSHIPS (NOTE D) | $ 6,996,187                                                                                                                       | $ 7,209,128            
|OTHER ASSETS                                   |                                                                                                                                   |                        
|                                               | Cash and cash equivalents                                                                                                         | 452,493                
|                                               | Notes receivable                                                                                                                  | -                      
|                                               | Deferred acquisition costs (Note B)                                                                                               | 37,066                 
|                                               | Other assets                                                                                                                      | 83,597                 
|                                               | $7,569,343                                                                                                                        | $7,775,601             
|                                               |                                                                                                                                   |                        
|LIABILITIES                                    |                                                                                                                                   |                        
|                                               | Accounts payable                                                                                                                  | $         -            
|                                               | Accounts payable affiliates (Note C)                                                                                              | 2,684,614              
|                                               | Capital contributions payable (Note D)                                                                                            | 22,528                 
|                                               | 2,707,142                                                                                                                         | 2,625,722              
|                                               |                                                                                                                                   |                        
|PARTNERS' CAPITAL                              |                                                                                                                                   |                        
|                                               |                                                                                                                                   |                        
|Limited Partners                               |                                                                                                                                   |                        
|                                               | Units of limited partnership    
Interest, $10 stated value per
BAC; 20,000,000 authorized BACs;
2,489,599 issued and outstanding | 5,028,263              
|General Partner                                | (166,062)                                                                                                                         | (163,186)              
|                                               | 4,862,201                                                                                                                         | 5,149,879              
|                                               | $7,569,343                                                                                                                        | $7,775,601             

The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 12



|                                                  | June 30,
2001(Unaudited)                                                                                                          | March 31,
2001(Audited)
|------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------- | -----------------------
|ASSETS                                            |                                                                                                                                   |                        
|INVESTMENTS IN OPERATING
   PARTNERSHIPS (NOTE D) | $ 7,075,918                                                                                                                       | $ 7,243,683            
|OTHER ASSETS                                      |                                                                                                                                   |                        
|                                                  | Cash and cash equivalents                                                                                                         | 59,445                 
|                                                  | Notes receivable                                                                                                                  | -                      
|                                                  | Deferred acquisition costs (Note B)                                                                                               | 282,982                
|                                                  | Other assets                                                                                                                      | 116,367                
|                                                  | $7,534,712                                                                                                                        | $7,707,777             
|                                                  |                                                                                                                                   |                        
|LIABILITIES                                       |                                                                                                                                   |                        
|                                                  |                                                                                                                                   |                        
|                                                  | Accounts payable                                                                                                                  | $         -            
|                                                  | Accounts payable affiliates (Note C)                                                                                              | 3,357,191              
|                                                  | Capital contributions payable (Note D)                                                                                            | 11,405                 
|                                                  | 3,368,596                                                                                                                         | 3,271,819              
|                                                  |                                                                                                                                   |                        
|PARTNERS' CAPITAL                                 |                                                                                                                                   |                        
|                                                  |                                                                                                                                   |                        
|Limited Partners                                  |                                                                                                                                   |                        
|                                                  | Units of limited partnership    
Interest, $10 stated value per
BAC; 20,000,000 authorized BACs;
2,972,795 issued and outstanding | 4,381,714              
|General Partner                                   | (215,598)                                                                                                                         | (212,900)              
|                                                  | 4,166,116                                                                                                                         | 4,435,958              
|                                                  | $7,535,712                                                                                                                        | $7,707,777             













The accompanying notes are an integral part of this statement

















Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 14



|                                                  | June 30,
2001(Unaudited)                                                                                                          | March 31,
2001(Audited)
|------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------- | -----------------------
|ASSETS                                            |                                                                                                                                   |                        
|INVESTMENTS IN OPERATING
   PARTNERSHIPS (NOTE D) | $ 12,341,138                                                                                                                      | $ 12,834,493           
|OTHER ASSETS                                      |                                                                                                                                   |                        
|                                                  | Cash and cash equivalents                                                                                                         | 564,387                
|                                                  | Notes receivable                                                                                                                  | 543,584                
|                                                  | Deferred acquisition costs (Note B)                                                                                               | 620,272                
|                                                  | Other assets                                                                                                                      | 470,005                
|                                                  | $14,539,386                                                                                                                       | $15,019,157            
|                                                  |                                                                                                                                   |                        
|LIABILITIES                                       |                                                                                                                                   |                        
|                                                  |                                                                                                                                   |                        
|                                                  | Accounts payable                                                                                                                  | $      1,380           
|                                                  | Accounts payable affiliates (Note C)                                                                                              | 6,518,469              
|                                                  | Capital contributions payable (Note D)                                                                                            | 227,170                
|                                                  | 6,747,019                                                                                                                         | 6,557,884              
|                                                  |                                                                                                                                   |                        
|PARTNERS' CAPITAL                                 |                                                                                                                                   |                        
|                                                  |                                                                                                                                   |                        
|Limited Partners                                  |                                                                                                                                   |                        
|                                                  | Units of limited partnership    
Interest, $10 stated value per
BAC; 20,000,000 authorized BACs;
5,574,290 issued and outstanding | 8,198,134              
|General Partner                                   | (405,767)                                                                                                                         | (399,078)              
|                                                  | 7,792,367                                                                                                                         | 8,461,273              
|                                                  | $14,539,386                                                                                                                       | $15,019,157            

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited PartnershipSTATEMENTS OF OPERATIONS Three Months Ended June 30,
(Unaudited)





|                                                     | 2001                                   | 2000         
|---------------------------------------------------- | -------------------------------------- | -------------
|                                                     |                                        |              
|Income                                               |                                        |              
|                                                     | Interest income                        | $      13,568
|                                                     | Other income                           | 2,134        
|                                                     | 15,702                                 | 16,438       
|                                                     |                                        |              
|Share of loss from Operating 
  Partnerships(Note D) | (1,344,547)                            | (1,731,095)  
|                                                     |                                        |              
|Expenses                                             |                                        |              
|                                                     |                                        |              
|                                                     | Partnership management fee (Note C)    | 562,852      
|                                                     | Amortization                           | 12,139       
|                                                     | General and administrative expenses    | 66,052       
|                                                     | 641,043                                | 604,345      
|                                                     |                                        |              
|NET LOSS                                             | $(1,969,888)                           | $(2,319,002) 
|                                                     |                                        |              
|                                                     | Net loss allocated to limited partners | $(1,950,189) 
|                                                     |                                        |              
|                                                     | Net loss allocated general partner     | $(19,699)    
|                                                     |                                        |              
|                                                     | Net loss per BAC                       | $(.11)       
|                                                     |                                        |              

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended June 30, 
(Unaudited)

Series7



|                                                     | 2001                                   | 2000      
|---------------------------------------------------- | -------------------------------------- | ----------
|                                                     |                                        |           
|Income                                               |                                        |           
|                                                     | Interest income                        | $       28
|                                                     | Other income                           | -         
|                                                     | 28                                     | 40        
|                                                     |                                        |           
|Share of loss from Operating 
  Partnerships(Note D) | (79,368)                               | (49,694)  
|                                                     |                                        |           
|Expenses                                             |                                        |           
|                                                     |                                        |           
|                                                     | Partnership management fee (Note C)    | 28,287    
|                                                     | Amortization                           | -         
|                                                     | General and administrative expenses    | 3,817     
|                                                     | 32,104                                 | 31,310    
|                                                     |                                        |           
|NET LOSS                                             | $(111,444)                             | $(80,964) 
|                                                     |                                        |           
|                                                     | Net loss allocated to limited partners | $(110,330)
|                                                     |                                        |           
|                                                     | Net loss allocated general partner     | $(1,114)  
|                                                     |                                        |           
|                                                     | Net loss per BAC                       | $(.11)    
|                                                     |                                        |           





The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series9



|                                                     | 2001                                   | 2000       
|---------------------------------------------------- | -------------------------------------- | -----------
|                                                     |                                        |            
|Income                                               |                                        |            
|                                                     | Interest income                        | $     2,569
|                                                     | Other income                           | 252        
|                                                     | 2,821                                  | 5,185      
|                                                     |                                        |            
|Share of loss from Operating 
  Partnerships(Note D) | (298,234)                              | (294,850)  
|                                                     |                                        |            
|Expenses                                             |                                        |            
|                                                     |                                        |            
|                                                     | Partnership management fee (Note C)    | 134,833    
|                                                     | Amortization                           | 217        
|                                                     | General and administrative expenses    | 13,996     
|                                                     | 149,046                                | 129,479    
|                                                     |                                        |            
|NET LOSS                                             | $(444,459)                             | $(419,144) 
|                                                     |                                        |            
|                                                     | Net loss allocated to limited partners | $(440,014) 
|                                                     |                                        |            
|                                                     | Net loss allocated general partner     | $(4,445)   
|                                                     |                                        |            
|                                                     | Net loss per BAC                       | $(.11)     
|                                                     |                                        |            

The accompanying notes are an integral part of this statement

















Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended June 30,    
(Unaudited)Series10



|                                                     | 2001                                   | 2000       
|---------------------------------------------------- | -------------------------------------- | -----------
|                                                     |                                        |            
|Income                                               |                                        |            
|                                                     | Interest income                        | $     1,565
|                                                     | Other income                           | -          
|                                                     | 1,565                                  | 1,270      
|                                                     |                                        |            
|Share of loss from Operating 
  Partnerships(Note D) | (93,837)                               | (203,606)  
|                                                     |                                        |            
|Expenses                                             |                                        |            
|                                                     |                                        |            
|                                                     | Partnership management fee (Note C)    | 84,853     
|                                                     | Amortization                           | 860        
|                                                     | General and administrative expenses    | 9,574      
|                                                     | 95,287                                 | 89,892     
|                                                     |                                        |            
|NET LOSS                                             | $(187,559)                             | $(292,228) 
|                                                     |                                        |            
|                                                     | Net loss allocated to limited partners | $(185,683) 
|                                                     |                                        |            
|                                                     | Net loss allocated general partner     | $(1,876)   
|                                                     |                                        |            
|                                                     | Net loss per BAC                       | $(.08)     
|                                                     |                                        |            



The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended June 30,    
(Unaudited)Series 11



|                                                     | 2001                                   | 2000       
|---------------------------------------------------- | -------------------------------------- | -----------
|                                                     |                                        |            
|Income                                               |                                        |            
|                                                     | Interest Income                        | $     3,644
|                                                     | Other income                           | 1,882      
|                                                     | 5,526                                  | 2,787      
|                                                     |                                        |            
|Share of loss from Operating 
  Partnerships(Note D) | (212,862)                              | (245,261)  
|                                                     |                                        |            
|Expenses                                             |                                        |            
|                                                     |                                        |            
|                                                     | Partnership management fee (Note C)    | 71,190     
|                                                     | Amortization                           | 436        
|                                                     | General and administrative expenses    | 8,716      
|                                                     | 80,342                                 | 85,212     
|                                                     |                                        |            
|NET LOSS                                             | $(287,678)                             | $(327,686) 
|                                                     |                                        |            
|                                                     | Net loss allocated to limited partners | $(284,801) 
|                                                     |                                        |            
|                                                     | Net loss allocated general partner     | $(2,877)   
|                                                     |                                        |            
|                                                     | Net loss per BAC                       | $(.11)     
|                                                     |                                        |            

The accompanying notes are an integral part of this statement













Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended June 30,    
(Unaudited)Series 12



|                                                     | 2001                                   | 2000      
|---------------------------------------------------- | -------------------------------------- | ----------
|                                                     |                                        |           
|Income                                               |                                        |           
|                                                     | Interest Income                        | $     311 
|                                                     | Other income                           | -         
|                                                     | 311                                    | 399       
|                                                     |                                        |           
|Share of loss from Operating 
  Partnerships(Note D) | (167,114)                              | (345,645) 
|                                                     |                                        |           
|Expenses                                             |                                        |           
|                                                     |                                        |           
|                                                     | Partnership management fee (Note C)    | 88,858    
|                                                     | Amortization                           | 3,329     
|                                                     | General and administrative expenses    | 10,852    
|                                                     | 103,039                                | 97,527    
|                                                     |                                        |           
|NET LOSS                                             | $(269,842)                             | $(442,773)
|                                                     |                                        |           
|                                                     | Net loss allocated to limited partners | $(267,144)
|                                                     |                                        |           
|                                                     | Net loss allocated general partner     | $(2,698)  
|                                                     |                                        |           
|                                                     | Net loss per BAC                       | $(.09)    
|                                                     |                                        |           











Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended June 30, 
(Unaudited)Series 14



|                                                     | 2001                                   | 2000       
|---------------------------------------------------- | -------------------------------------- | -----------
|                                                     |                                        |            
|Income                                               |                                        |            
|                                                     | Interest income                        | $     5,451
|                                                     | Other income                           | -          
|                                                     | 5,451                                  | 6,757      
|                                                     |                                        |            
|Share of loss from Operating 
  Partnerships(Note D) | (493,132)                              | (592,039)  
|                                                     |                                        |            
|Expenses                                             |                                        |            
|                                                     |                                        |            
|                                                     | Partnership management fee (Note C)    | 154,831    
|                                                     | Amortization                           | 7,297      
|                                                     | General and administrative expenses    | 19,097     
|                                                     | 181,225                                | 170,925    
|                                                     |                                        |            
|NET LOSS                                             | $(668,906)                             | $(756,207) 
|                                                     |                                        |            
|                                                     | Net loss allocated to limited partners | $(662,217) 
|                                                     |                                        |            
|                                                     | Net loss allocated general partner     | $(6,689)   
|                                                     |                                        |            
|                                                     | Net loss per BAC                       | $(.11)     
|                                                     |                                        |            

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited PartnershipSTATEMENTS OF CHANGES IN PARTNERS' CAPITAL
Three Months Ended June 30, 
(Unaudited)



|                                               | Assignees    | GeneralPartner | Total       
|---------------------------------------------- | ------------ | -------------- | ------------
|                                               |              |                |             
|Partners' capital 
 (deficit)
  April 1, 2001  | $ 23,495,380 | $ (1,395,718)  | $ 22,099,662
|                                               |              |                |             
|                                               |              |                |             
|Net income (loss)                              | (1,950,189)  | (19,699)       | (1,969,888) 
|                                               |              |                |             
|Partners' capital 
 (deficit),
  June 30, 2001 | $21,545,191  | $(1,415,417)   | $20,129,774 
|                                               |              |                |             

The accompanying notes are an integral part of this statement













Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Three Months Ended June 30,
(Unaudited)



|                                              | Assignees   | GeneralPartner | Total      
|--------------------------------------------- | ----------- | -------------- | -----------
|Series7                                       |             |                |            
|Partners' capital 
 (deficit)
  April 1, 2001 | $ (644,003) | $  (97,340)    | $ (741,343)
|                                             
|Net income (loss)                             | (110,330)   | (1,114)        | (111,444)  
|                                              |             |                |            
|Partners' capital 
 (deficit)
  June 30, 2001 | $(754,333)  | $(98,454)      | $(852,787) 
|                                              |            
|Series9                                       |             |                |            
|Partners' capital 
 (deficit)
  April 1, 2001 | $ 1,867,649 | $ (345,115)    | $ 1,522,534
|                                             
|Net income (loss)                             | (440,014)   | (4,445)        | (444,459)  
|                                              |             |                |            
|Partners' capital 
 (deficit)
  June 30, 2001 | $1,427,635  | $(349,560)     | $1,078,075 
|                                              |             |                |            















The accompanying notes are an integral part of these statements.

























Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL

Three Months Ended June 30,
(Unaudited)



|                                              | Assignees   | GeneralPartner | Total      
|--------------------------------------------- | ----------- | -------------- | -----------
|Series 10                                     |             |                |            
|Partners' capital 
 (deficit)
  April 1, 2001 | $ 3,449,460 | $ (178,099)    | $ 3,271,361
|                                             
|Net income (loss)                             | (185,683)   | (1,876)        | (187,559)  
|                                              |             |                |            
|Partners' capital 
 (deficit)
  June 30, 2001 | $3,263,777  | $(179,975)     | $ 3,083,802
|                                             
|Series 11                                     |             |                |            
|Partners' capital 
 (deficit)
  April 1, 2001 | $ 5,313,065 | $ (163,186)    | $ 5,149,879
|                                             
|Net income (loss)                             | (284,801)   | (2,877)        | (287,678)  
|                                              |             |                |            
|Partners' capital 
 (deficit)
  June 30, 2001 | $5,028,264  | $(166,063)     | $4,862,201 
|                                              |             |                |            

The accompanying notes are an integral part of this statement















Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL 
Three Months Ended June 30, 
(Unaudited)



|                                              | Assignees    | GeneralPartner | Total       
|--------------------------------------------- | ------------ | -------------- | ------------
|Series 12                                     |              |                |             
|Partners' capital 
 (deficit)
  April 1, 2001 | $  4,648,858 | $  (212,900)   | $ 4,435,958 
|                                             
|Net income (loss)                             | (267,144)    | (2,698)        | (269,842)   
|                                              |              |                |             
|Partners' capital 
 (deficit)
  June 30, 2001 | $4,381,714   | $(215,598)     | $4,166,116  
|                                              |              |                |             
|Series 14                                     |              |                |             
|Partners' capital 
 (deficit)
  April 1, 2001 | $  8,860,351 | $   (399,078)  | $  8,461,273
|                                             
|Net income (loss)                             | (662,217)    | (6,689)        | (668,906)   
|                                              |              |                |             
|Partners' capital 
 (deficit)
  June 30, 2001 | $8,198,134   | $(405,767)     | $7,792,367  
|                                              |              |                |             

The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund II Limited Partnership

STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 
(Unaudited)



|                                                         | 2001                                                               | 2000        
|-------------------------------------------------------- | ------------------------------------------------------------------ | ------------
|Cash Flows from operating activities:                    |                                                                    |             
|                                                         |                                                                    |             
|Net Loss                                                 | $  (1,969,888)                                                     | $(2,319,002)
|Adjustments                                              |                                                                    |             
|                                                         | Distributions from Operating
Partnerships                          | 2,211       
|                                                         | Amortization                                                       | 12,139      
|                                                         | Share of Loss from Operating Partnerships                          | 1,344,547   
|                                                         | Changes in assets and liabilities                                  |             
|                                                         | (Decrease) Increase in accounts payable                            | 628,592     
|                                                         | Decrease (Increase) in other assets                                | 3,853       
|                                                         |                                                                    |             
|                                                         | Net cash (used in) provided by
operating activities                | 13,763      
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|Cash Flows from investing activities:                    |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Capital Contributions paid to Operating Partnerships               | -           
|                                                         | Advances (made to) repaid from Operating Partnerships              | -           
|                                                         |                                                                    |             
|Net cash (used in) provided by
     investing activities | -                                                                  | -           
|                                                         |                                                                    |             
|Cash flows from financing activity:                      |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in)provided by
financing activity                   | -           
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | 13,763      
|                                                         |                                                                    |             
|Cash and cash equivalents, beginning                     | 1,545,818                                                          | 1,512,272   
|                                                         |                                                                    |             
|Cash and cash equivalents, ending                        | $1,559,581                                                         | $1,553,191  
|                                                         |                                                                    |             

The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund II Limited Partnership

STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 
(Unaudited)Series 7



|                                                         | 2001                                                               | 2000       
|-------------------------------------------------------- | ------------------------------------------------------------------ | -----------
|Cash Flows from operating activities:                    |                                                                    |            
|                                                         |                                                                    |            
|Net Loss                                                 | $  (111,444)                                                       | $  (80,964)
|Adjustments                                              |                                                                    |            
|                                                         | Distributions from Operating
Partnerships                          | -          
|                                                         | Amortization                                                       | -          
|                                                         | Share of Loss from Operating Partnerships                          | 79,368     
|                                                         | Changes in assets and liabilities                                  |            
|                                                         | (Decrease) Increase in accounts payable                            | 28,436     
|                                                         | Decrease (Increase) in other assets                                | -          
|                                                         |                                                                    |            
|                                                         | Net cash (used in) provided by
operating activities                | (3,640)    
|                                                         |                                                                    |            
|                                                         |                                                                    |            
|Cash Flows from investing activities:                    |                                                                    |            
|                                                         |                                                                    |            
|                                                         | Capital Contributions paid to Operating Partnerships               | -          
|                                                         | Advances (made to) repaid from Operating Partnerships              | -          
|                                                         |                                                                    |            
|Net cash (used in) provided by
     investing activities | -                                                                  | -          
|                                                         |                                                                    |            
|Cash flows from financing activity:                      |                                                                    |            
|                                                         |                                                                    |            
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -          
|                                                         |                                                                    |            
|                                                         | Net cash (used in)provided by
financing activity                   | -          
|                                                         |                                                                    |            
|                                                         |                                                                    |            
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | (3,640)    
|                                                         |                                                                    |            
|Cash and cash equivalents, beginning                     | 6,561                                                              | 4,929      
|                                                         |                                                                    |            
|Cash and cash equivalents, ending                        | $2,921                                                             | $1,461     
|                                                         |                                                                    |            

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership

STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 
(Unaudited)Series 9



|                                                         | 2001                                                               | 2000        
|-------------------------------------------------------- | ------------------------------------------------------------------ | ------------
|Cash Flows from operating activities:                    |                                                                    |             
|                                                         |                                                                    |             
|Net Loss                                                 | $  (444,459)                                                       | $  (419,144)
|Adjustments                                              |                                                                    |             
|                                                         | Distributions from Operating
Partnerships                          | 1,026       
|                                                         | Amortization                                                       | 217         
|                                                         | Share of Loss from Operating Partnerships                          | 298,234     
|                                                         | Changes in assets and liabilities                                  |             
|                                                         | (Decrease) Increase in accounts payable                            | 143,946     
|                                                         | Decrease (Increase) in other assets                                | (3,958)     
|                                                         |                                                                    |             
|                                                         | Net cash (used in) provided by
operating activities                | 2,922       
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|Cash Flows from investing activities:                    |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Capital Contributions paid to Operating Partnerships               | -           
|                                                         | Advances (made to) repaid from Operating Partnerships              | -           
|                                                         |                                                                    |             
|Net cash (used in) provided by
     investing activities | -                                                                  | -           
|                                                         |                                                                    |             
|Cash flows from financing activity:                      |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in)provided by
financing activity                   | -           
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | 2,922       
|                                                         |                                                                    |             
|Cash and cash equivalents, beginning                     | 338,742                                                            | 335,866     
|                                                         |                                                                    |             
|Cash and cash equivalents, ending                        | $341,664                                                           | $358,439    
|                                                         |                                                                    |             

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership

STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 
(Unaudited)Series 10



|                                                         | 2001                                                               | 2000        
|-------------------------------------------------------- | ------------------------------------------------------------------ | ------------
|Cash Flows from operating activities:                    |                                                                    |             
|                                                         |                                                                    |             
|Net Loss                                                 | $  (187,559)                                                       | $  (292,228)
|Adjustments                                              |                                                                    |             
|                                                         | Distributions from Operating
Partnerships                          | 230         
|                                                         | Amortization                                                       | 860         
|                                                         | Share of Loss from Operating Partnerships                          | 93,837      
|                                                         | Changes in assets and liabilities                                  |             
|                                                         | (Decrease) Increase in accounts payable                            | 88,878      
|                                                         | Decrease (Increase) in other assets                                | (1,406)     
|                                                         |                                                                    |             
|                                                         | Net cash (used in) provided by
operating activities                | (5,160)     
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|Cash Flows from investing activities:                    |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Capital Contributions paid to Operating Partnerships               | -           
|                                                         | Advances (made to) repaid from Operating Partnerships              | -           
|                                                         |                                                                    |             
|Net cash (used in) provided by
     investing activities | -                                                                  | -           
|                                                         |                                                                    |             
|Cash flows from financing activity:                      |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in)provided by
financing activity                   | -           
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | (5,160)     
|                                                         |                                                                    |             
|Cash and cash equivalents, beginning                     | 143,831                                                            | 121,866     
|                                                         |                                                                    |             
|Cash and cash equivalents, ending                        | $138,671                                                           | $122,191    
|                                                         |                                                                    |             

The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund II Limited Partnership

STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 
(Unaudited)Series 11



|                                                         | 2001                                                               | 2000        
|-------------------------------------------------------- | ------------------------------------------------------------------ | ------------
|Cash Flows from operating activities:                    |                                                                    |             
|                                                         |                                                                    |             
|Net Loss                                                 | $  (287,678)                                                       | $  (327,686)
|Adjustments                                              |                                                                    |             
|                                                         | Distributions from Operating
Partnerships                          | 80          
|                                                         | Amortization                                                       | 436         
|                                                         | Share of Loss from Operating Partnerships                          | 212,862     
|                                                         | Changes in assets and liabilities                                  |             
|                                                         | (Decrease) Increase in accounts payable                            | 81,420      
|                                                         | Decrease (Increase) in other assets                                | (2,238)     
|                                                         |                                                                    |             
|                                                         | Net cash (used in) provided by
operating activities                | 4,882       
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|Cash Flows from investing activities:                    |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Capital Contributions paid to Operating Partnerships               | -           
|                                                         | Advances (made to) repaid from Operating Partnerships              | -           
|                                                         |                                                                    |             
|Net cash (used in) provided by
     investing activities | -                                                                  | -           
|                                                         |                                                                    |             
|Cash flows from financing activity:                      |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in)provided by
financing activity                   | -           
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | 4,882       
|                                                         |                                                                    |             
|Cash and cash equivalents, beginning                     | 447,611                                                            | 389,019     
|                                                         |                                                                    |             
|Cash and cash equivalents, ending                        | $452,493                                                           | $386,662    
|                                                         |                                                                    |             

The accompanying notes are an integral part of this statement

















Boston Capital Tax Credit Fund II Limited Partnership



STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 
(Unaudited)Series 12



|                                                         | 2001                                                               | 2000        
|-------------------------------------------------------- | ------------------------------------------------------------------ | ------------
|Cash Flows from operating activities:                    |                                                                    |             
|                                                         |                                                                    |             
|Net Loss                                                 | $  (269,842)                                                       | $  (442,773)
|Adjustments                                              |                                                                    |             
|                                                         | Distributions from Operating
Partnerships                          | 651         
|                                                         | Amortization                                                       | 3,329       
|                                                         | Share of Loss from Operating Partnerships                          | 167,114     
|                                                         | Changes in assets and liabilities                                  |             
|                                                         | (Decrease) Increase in accounts payable                            | 96,777      
|                                                         | Decrease (Increase) in other assets                                | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in) provided by
operating activities                | (1,971)     
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|Cash Flows from investing activities:                    |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Capital Contributions paid to Operating Partnerships               | -           
|                                                         | Advances (made to) repaid from Operating Partnerships              | -           
|                                                         |                                                                    |             
|Net cash (used in) provided by
     investing activities | -                                                                  | -           
|                                                         |                                                                    |             
|Cash flows from financing activity:                      |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in)provided by
financing activity                   | -           
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | (1,971)     
|                                                         |                                                                    |             
|Cash and cash equivalents, beginning                     | 61,416                                                             | 68,437      
|                                                         |                                                                    |             
|Cash and cash equivalents, ending                        | $59,445                                                            | $73,216     
|                                                         |                                                                    |             

The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund II Limited Partnership

STATEMENTS OF CASH FLOWS
Three Months Ended June 30,
(Unaudited)Series 14



|                                                         | 2001                                                               | 2000        
|-------------------------------------------------------- | ------------------------------------------------------------------ | ------------
|Cash Flows from operating activities:                    |                                                                    |             
|                                                         |                                                                    |             
|Net Loss                                                 | $  (668,906)                                                       | $  (756,207)
|Adjustments                                              |                                                                    |             
|                                                         | Distributions from Operating
Partnerships                          | 224         
|                                                         | Amortization                                                       | 7,297       
|                                                         | Share of Loss from Operating Partnerships                          | 493,132     
|                                                         | Changes in assets and liabilities                                  |             
|                                                         | (Decrease) Increase in accounts payable                            | 189,135     
|                                                         | Decrease (Increase) in other assets                                | (4,152)     
|                                                         |                                                                    |             
|                                                         | Net cash (used in) provided by
operating activities                | (16,730)    
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|Cash Flows from investing activities:                    |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Capital Contributions paid to Operating Partnerships               | -           
|                                                         | Advances (made to) repaid from Operating Partnerships              | -           
|                                                         |                                                                    |             
|Net cash (used in) provided by
     investing activities | -                                                                  | -           
|                                                         |                                                                    |             
|Cash flows from financing activity:                      |                                                                    |             
|                                                         |                                                                    |             
|                                                         | Credit adjusters received from
(refunded to)Operating Partnerships | -           
|                                                         |                                                                    |             
|                                                         | Net cash (used in)provided by
financing activity                   | -           
|                                                         |                                                                    |             
|                                                         |                                                                    |             
|                                                         | INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                   | (16,730)    
|                                                         |                                                                    |             
|Cash and cash equivalents, beginning                     | 547,657                                                            | 592,155     
|                                                         |                                                                    |             
|Cash and cash equivalents, ending                        | $564,387                                                           | $611,222    
|                                                         |                                                                    |             

The accompanying notes are an integral part of this statement



Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS

June 30, 2001

(Unaudited)

NOTE A - ORGANIZATION

Boston Capital Tax Credit Fund II Limited Partnership (the "Partnership") was
formed under the laws of the State of Delaware as of June 28, 1989, for the
purpose of acquiring, holding, and disposing of limited partnership interests
in operating partnerships which will acquire, develop, rehabilitate, operate
and own newly constructed, existing or rehabilitated low-income apartment
complexes ("Operating Limited Partnerships"). Effective as of June 1, 2001 there was a restructuring, and as a result, the Fund's general partner was reorganized as follows.  The General Partner of the Fund continues to be Boston Capital Associates II Limited Partnership, a Delaware limited partnership.  The general partner of the General Partner is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning.  Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the General Partner is Capital Investment Holdings, a general partnership whose partners are certain officers and employees of Boston Capital Partners, Inc., and its affiliates. The Assignor Limited Partner is BCTC II Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning.

Pursuant to the Securities Act of 1933, the Partnership filed a Form S-11
Registration Statement with the Securities and Exchange Commission, effective
October 25, 1989, which covered the offering (the "Public Offering") of the
Partnership's beneficial assignee certificates ("BACs") representing
assignments of units of the beneficial interest of the limited partnership
interest of the Assignor Limited Partner.  The Partnership registered
20,000,000 BACs at $10 per BAC for sale to the public in six series.  The
Partnership sold 1,036,100 of Series 7 BACs, 4,178,029 of Series 9 BACs,
2,428,925 of Series 10 BACs, 2,489,599 of Series 11 BACs, 2,972,795 of Series
12 BACs, and 5,574,290 of Series 14 BACs. The Partnership issued the
last BACs in Series 14 on January 27, 1992.  This concluded the Public
Offering of the Partnership.

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements included herein as of June 30, 2001
and for the three months then ended have been prepared by the Partnership, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.  No BACs with respect to Series 8 and Series 13 were offered.  The Partnership accounts for its investments in Operating Partnerships using the equity method, whereby the partnership adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued.





Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS (CONTINUED)



June 30, 2001

(Unaudited)

NOTE - B ACCOUNTING AND FINANCIAL REPORTING POLICIES - CONTINUED

Costs incurred by the Partnership in acquiring the investments in 
Operating Partnerships are capitalized to the investment account.  The 
Partnership's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of 
operations.  Such adjustments are of a normal recurring nature.  Certain 
information and footnote disclosures normally included in financial statements 
prepared in accordance with generally accepted accounting principles have been 
condensed or omitted pursuant  to such rules and regulations.  It is suggested 
that these  condensed financial statements be read in conjunction with the
financial statements and the notes thereto included in the Partnership Annual
Report on Form 10-K.

On July 1, 1995, the Partnership began amortizing unallocated acquisition
costs over 330 months from April 1, 1995.  As of June 30, 2001, the
Partnership has accumulated unallocated acquisition amortization totaling
$303,510. The breakdown of accumulated unallocated acquisition amortization
within the Partnership as of June 30, 2001 for Series 9, Series 10,
Series 11, Series 12, and Series 14 is $5,436, $21,509, $10,902, $83,230, and
$182,433, respectively.



NOTE C - RELATED PARTY TRANSACTIONS

The Partnership has entered into several transactions with various affiliates of the general partner, including Boston Capital Partners, Inc., and Boston Capital Asset Management Limited Partnership as follows:

An annual partnership management fee based on .5 percent of the aggregate
cost of all apartment complexes owned by the Operating Partnerships has been
accrued to Boston Capital Asset Management Limited Partnership.  The 
partnership management fee accrued for the quarters ended June 30, 2001 and 2000 are as follows:



|          | 2001        | 2000       
|--------- | ----------- | -----------
|Series 7  | $    28,287 | $    28,287
|Series 9  | 143,946     | 143,946    
|Series 10 | 88,878      | 88,878     
|Series 11 | 81,420      | 81,420     
|Series 12 | 95,817      | 95,817     
|Series 14 | 189,135     | 189,135    
|          |             |            
|          | $   627,483 | $   627,483















Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

June 30, 2001

(Unaudited)

Accounts payable - affiliates at June 30, 2001 and 2000 represents
accrued general and administrative expenses, partnership management fees,
and advances from an affiliate of the general partner, which are payable to
Boston Capital Partners, Inc., and Boston Capital Asset Management Limited
Partnership.

As of June 30, 2001, an affiliate of the general partner advanced a
total of $387,215 to the Partnership to pay certain operating expenses and 
make advances and/or loans to Operating Partnerships.  Below is a table that breaks down the advances, by series as of June 30, 2001.



|          | 2001    
|--------- | --------
|Series 7  | $147,046
|Series 9  | 4,959   
|Series 12 | 62,550  
|Series 14 | 172,660 
|          |         
|          | $387,215



These advances are included in Accounts payable-affiliates.  These advances, and any additional advances, will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Partnership's interests in Operating Partnerships.









Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS (CONTINUED)  
June 30, 2001

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS

At June 30, 2001 and 2000 the Partnership had limited partnership
interests in 307 and 309, respectively in Operating Partnerships which own apartment complexes. The number of Operating Partnerships in which the Partnership had limited partnership interests at June 30, 2001 and 2000 by series is as follows:



|          | 2001 | 2000
|--------- | ---- | ----
|Series 7  | 14   | 15  
|Series 9  | 54   | 55  
|Series 10 | 45   | 45  
|Series 11 | 40   | 40  
|Series 12 | 53   | 53  
|Series 14 | 101  | 101 
|          |      |     
|          | 307  | 309 
|          |      |     



Under the terms of the Partnership's investment in each Operating
Partnership, the Partnership is required to make capital contributions to the
Operating Partnerships.  These contributions are payable in installments over
several years upon each Operating Partnership achieving specified levels of
construction and/or operations.

The contributions payable at June 30, 2001 and 2000 by series are as
follows:

|          | 2001     | 2000    
|--------- | -------- | --------
|Series 7  | $      - | $      -
|Series 9  | -        | 4,590   
|Series 10 | -        | -       
|Series 11 | 22,528   | 22,528  
|Series 12 | 11,405   | 11,405  
|Series 14 | 227,170  | 227,170 
|          |          |         
|          | $261,103 | $261,103
|          |          |         



The Partnership's fiscal year ends March 31 of each year, while all the

Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Partnership within 45 days after the close of each Operating Partnership's quarterly period Accordingly, he current financial results available for the Operating Partnerships are for the three months ended March 31, 2001.













Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS

June 30, 2001

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Three months ended March 31,

(Unaudited)

Series7



|         | 2001                                                                         | 2000        
|-------- | ---------------------------------------------------------------------------- | ------------
|         |                                                                              |             
|Revenues |                                                                              |             
|         | Rental                                                                       | $    555,312
|         | Interest and other                                                           | 18,475      
|         |                                                                              |             
|         | 573,787                                                                      | 545,126     
|         |                                                                              |             
|Expenses |                                                                              |             
|         | Interest                                                                     | 239,582     
|         | Depreciation and amortization                                                | 175,357     
|         | Operating expenses                                                           | 349,321     
|         | 764,260                                                                      | 701,154     
|         |                                                                              |             
|NET LOSS | $(190,473)                                                                   | $(156,028)  
|         |                                                                              |             
|         | Net loss allocated to Boston Capital Tax Credit Fund 
II Limited Partnership | $(79,368)   
|         |                                                                              |             
|         |                                                                              |             
|         | Net loss allocated to other Partners                                         | $(1,905)    
|         |                                                                              |             
|         | Net loss suspended                                                           | $(109,200)  

The Partnership accounts for its investments using the equity method of
accounting.  Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnerships results of
operations and for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions.  Excess losses are suspended for use in future years to
offset excess income.









Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS
June 30, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Three months ended March 31,
(Unaudited)

Series9



|         | 2001                                                                         | 2000        
|-------- | ---------------------------------------------------------------------------- | ------------
|         |                                                                              |             
|Revenues |                                                                              |             
|         | Rental                                                                       | $  2,659,321
|         | Interest and other                                                           | 97,946      
|         |                                                                              |             
|         | 2,757,267                                                                    | 2,703,787   
|         |                                                                              |             
|Expenses |                                                                              |             
|         | Interest                                                                     | 770,372     
|         | Depreciation and amortization                                                | 926,767     
|         | Operating expenses                                                           | 1,675,870   
|         | 3,373,009                                                                    | 3,335,587   
|         |                                                                              |             
|NET LOSS | $(615,742)                                                                   | $(631,800)  
|         |                                                                              |             
|         | Net loss allocated to Boston Capital Tax Credit Fund 
II Limited Partnership | $(298,234)  
|         |                                                                              |             
|         |                                                                              |             
|         | Net loss allocated to other Partners                                         | $(6,157)    
|         |                                                                              |             
|         | Net loss suspended                                                           | $(311,351)  





The Partnership accounts for its investments using the equity method of
accounting.  Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnerships results of
operations and for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions.  Excess losses are suspended for use in future years to
offset excess income.











Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS
June 30, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Three months ended March 31,
(Unaudited)

Series 10

|         | 2001                                                                         | 2000        
|-------- | ---------------------------------------------------------------------------- | ------------
|         |                                                                              |             
|Revenues |                                                                              |             
|         | Rental                                                                       | $  1,958,501
|         | Interest and other                                                           | 83,937      
|         |                                                                              |             
|         | 2,042,438                                                                    | 2,025,384   
|         |                                                                              |             
|Expenses |                                                                              |             
|         | Interest                                                                     | 460,393     
|         | Depreciation and amortization                                                | 576,542     
|         | Operating expenses                                                           | 1,210,760   
|         | 2,247,695                                                                    | 2,383,812   
|         |                                                                              |             
|NET LOSS | $(205,257)                                                                   | $(358,428)  
|         |                                                                              |             
|         | Net loss allocated to Boston Capital Tax Credit Fund 
II Limited Partnership | $(93,837)   
|         |                                                                              |             
|         |                                                                              |             
|         | Net loss allocated to other Partners                                         | $(2,053)    
|         |                                                                              |             
|         | Net loss suspended                                                           | $(109,367)  



The Partnership accounts for its investments using the equity method of
accounting.  Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnerships results of
operations and for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions.  Excess losses are suspended for use in future years to
offset excess income.

































Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS
June 30, 2001
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Three months ended March 31,
(Unaudited)

Series 11



|         | 2001                                                                         | 2000        
|-------- | ---------------------------------------------------------------------------- | ------------
|         |                                                                              |             
|Revenues |                                                                              |             
|         | Rental                                                                       | $  1,625,004
|         | Interest and other                                                           | 98,689      
|         |                                                                              |             
|         | 1,723,693                                                                    | 1,751,929   
|         |                                                                              |             
|Expenses |                                                                              |             
|         | Interest                                                                     | 449,693     
|         | Depreciation and amortization                                                | 597,856     
|         | Operating expenses                                                           | 1,129,526   
|         | 2,177,075                                                                    | 2,204,432   
|         |                                                                              |             
|NET LOSS | $(453,382)                                                                   | $(452,503)  
|         |                                                                              |             
|         | Net loss allocated to Boston Capital Tax Credit Fund 
II Limited Partnership | $(212,862)  
|         |                                                                              |             
|         |                                                                              |             
|         | Net loss allocated to other Partners                                         | $(4,534)    
|         |                                                                              |             
|         | Netloss suspended                                                            | $(235,986)  







The Partnership accounts for its investments using the equity method of
accounting.  Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnerships results of
operations and for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions.  Excess losses are suspended for use in future years to
offset excess income.











Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS
June 30, 2001
(Unaudited)
NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)
COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Three months ended March 31,
(Unaudited)

Series 12

|         | 2001                                                                         | 2000        
|-------- | ---------------------------------------------------------------------------- | ------------
|         |                                                                              |             
|Revenues |                                                                              |             
|         | Rental                                                                       | $  1,826,799
|         | Interest and other                                                           | 137,539     
|         |                                                                              |             
|         | 1,964,338                                                                    | 1,890,301   
|         |                                                                              |             
|Expenses |                                                                              |             
|         | Interest                                                                     | 478,990     
|         | Depreciation and amortization                                                | 620,812     
|         | Operating expenses                                                           | 1,300,926   
|         | 2,400,728                                                                    | 2,402,937   
|         |                                                                              |             
|NET LOSS | $(436,390)                                                                   | $(512,636)  
|         |                                                                              |             
|         | Net loss allocated to Boston Capital Tax Credit Fund 
II Limited Partnership | $(167,114)  
|         |                                                                              |             
|         |                                                                              |             
|         | Net loss allocated to other Partners                                         | $(4,364)    
|         |                                                                              |             
|         | Net loss suspended                                                           | $(264,912)  







The Partnership accounts for its investments using the equity method of
accounting.  Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnerships results of
operations and for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions.  Excess losses are suspended for use in future years to
offset excess income.









Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS
June 30, 2001
(Unaudited)
NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)
COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Three months ended March 31,
(Unaudited)

Series 14

|         | 2001                                                                         | 2000         
|-------- | ---------------------------------------------------------------------------- | -------------
|         |                                                                              |              
|Revenues |                                                                              |              
|         | Rental                                                                       | $   3,942,080
|         | Interest and other                                                           | 161,366      
|         |                                                                              |              
|         | 4,103,447                                                                    | 3,947,184    
|         |                                                                              |              
|Expenses |                                                                              |              
|         | Interest                                                                     | 1,138,883    
|         | Depreciation and amortization                                                | 1,247,166    
|         | Operating expenses                                                           | 2,551,272    
|         | 4,937,321                                                                    | 4,845,765    
|         |                                                                              |              
|NET LOSS | $(833,874)                                                                   | $(898,581)   
|         |                                                                              |              
|         | Net loss allocated to Boston Capital Tax Credit Fund 
II Limited Partnership | $(493,132)   
|         |                                                                              |              
|         |                                                                              |              
|         | Net loss allocated to other
Partners                                         | $(8,339)     
|         |                                                                              |              
|         | Net loss suspended                                                           | $(332,403)   







The Partnership accounts for its investments using the equity method of
accounting.  Under the equity method of accounting, the Partnership adjusts
its investment cost for its share of each Operating Partnerships results of
operations and for any distributions received or accrued.  However, the
Partnership recognizes individual operating losses only to the extent of
capital contributions.  Excess losses are suspended for use in future years to
offset excess income.







Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS (CONTINUED)
June 30, 2001
(Unaudited)

NOTE E - TAXABLE LOSS

The taxable loss for the fiscal year ended March 31, 2002 is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods. No provision or benefit for income taxes has been included in these financial statements since taxable income or loss passes through to, and is reportable by, the partners and assignees individually.























































































Item 2.   Management's Discussion and Analysis of Financial
               Condition and Results of Operations

Liquidity
The Partnership's primary source of funds was the proceeds of its Public
Offering.  Other sources of liquidity include (i) interest earned on capital
contributions unpaid as of June 30, 2001 or on working capital reserves
and (ii) cash distributions from operations of the Operating Partnerships in
which the Partnership has invested in.  These sources of liquidity, along with
the Partnerships working capital reserve, are available to meet the
obligations of the Partnership.  The Partnership does not anticipate
significant cash distributions from operations of the Operating Partnerships. 
The Partnership currently is accruing the annual partnership management fee to
enable each series to meet current and future third party obligations.
Pursuant to the Partnership Agreement, such liabilities will be deferred until
the Partnership receives sales or refinancing proceeds from Operating
Partnerships, and at that time proceeds from such sales or refinancing will be
used to satisfy such liabilities.  The Partnership anticipates that there
will be sufficient cash to meet future third party obligations.

The Partnership has recognized other income as of June 30, 2001 in the amount of $2,134. This total represents distributions received from Operating 
Partnerships which the Partnership normally records as a decrease in the 
Investment in Operating Partnerships. Due to the equity method of accounting, 
the Partnership has recorded these distributions as other income.

The Partnership has recorded $439,859 as payable to affiliates, which 
represents advances to pay certain third party operating expenses,advances and/or loans to Operating Partnerships, and accrued overhead 
allocations.  The breakout between series is: $161,919 in Series 7, $4,959 in 
Series 9 and none in 10, $401 in Series 11, $99,919 in Series 12, and $172,660 in Series 14.  These and any future advances or accruals will be paid, without interest, from available cash flow, reporting fees, or proceeds of sales or refinancing of the Partnership's interest in Operating Partnerships.

Capital Resources

The Partnership offered BACs in a Public offering declared effective by the
Securities and Exchange Commission on October 25, 1989.  The Partnership
received and accepted subscriptions for $186,337,017 representing 18,679,738
BACs from investors admitted as BAC Holders in Series 7 through Series 14
of the Partnership.









Capital Resources (continued)

As of June 30, 2001 the Partnership had $744,349 in remaining net 
offering proceeds.  Below is a table, which provides, by series, the equity 
raised, number of BAC's sold, final date BAC's were offered, number of 
properties invested in, and remaining proceeds. All capital contributions have 
been paid by Series 7,9 and 10; proceeds remaining listed for these series 
represent current cash balance.



|Series | Equity       | BAC's      | Final Close Date | Number of Properties | Proceeds Remaining
|------ | ------------ | ---------- | ---------------- | -------------------- | ------------------
|7      | $ 10,361,000 | 1,036,100  | 12/29/89         | 14                   | $  2,921          
|9      | 41,574,018   | 4,178,029  | 05/04/90         | 54                   | 341,664           
|10     | 24,288,997   | 2,428,925  | 08/24/90         | 45                   | 138,671           
|11     | 24,735,002   | 2,489,599  | 12/27/90         | 40                   | 22,528            
|12     | 29,710,003   | 2,972,795  | 04/30/91         | 53                   | 11,405            
|14     | 55,728,997   | 5,574,290  | 01/27/92         | 101                  | 227,170           
|       |              |            |                  |                      |                   
|       | $186,398,017 | 18,679,738 |                  | 307                  | $744,359          
|       |              |            |                  |                      |                   



(Series 8)  No BAC's with respect to Series 8 were offered.

(Series 13)  No BAC's with respect to Series 13 were offered.















































Results of Operations

As of June 30, 2001 and 2000 the Partnership held limited partnership
interests in 307 and 309, respectively in Operating Partnerships.  The decease in the number of operating partnerships is the result of the removal of one operating partnership in which both series 7 and 9 had invested. For more extensive disclosure on the removal of the operating partnership refer to the Investment Partnerships previously filed March 31, 2001 10-K 405. In each instance the Apartment Complex owned by the applicable Operating Partnership is eligible for the Federal Housing Tax Credit.  Occupancy of a unit in each Apartment Complex which initially complied with the Minimum Set-Aside Test (i.e., occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the Rent Restriction Test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to hereinafter as "Qualified Occupancy."  Each of the Operating Partnerships and each of the respective Apartment Complexes are described more fully in the Prospectus or adequate casualty insurance on the properties.

The Partnership incurs a partnership management fee to Boston Capital
Asset Management Limited Partnership in an amount equal to 0.5% of the
aggregate cost of the apartment complexes owned by the Operating Partnerships,
less the amount of certain asset management and reporting fees paid by the
Operating Partnerships. The annual partnership management fee is currently
being accrued.  It is anticipated that all outstanding fees will be repaid
from sale or refinancing proceeds.  The partnership management fees incurred for the quarters ended June 30, 2001 and 2000 were $562,852 and
$528,521, respectively.

The Partnership's investment objectives do not include receipt of significant
cash distributions from the Operating Partnerships in which it has invested.

The Partnership's investments in Operating Partnerships have been made 
principally with a view towards realization of Federal Housing Tax
Credits for allocation to its partners and BAC holders.

The General Partner and its affiliate, Boston Capital Asset Management 
Limited Partnership, monitor the operations of all the properties in the 
Partnership.  The Operating Partnerships that are mentioned in the following 
discussion of each series' results of operations are being closely monitored 
so as to improve the overall results of each series' operations.

(Series 7)  As of June 30, 2001 and 2000, the average Qualified Occupancy
for the series was 100% for both years.  The series had a total of 14 
properties all of which were 100% at June 30, 2001.

For the three months being reported the series reflects a net loss from the 
Operating Partnerships of $190,473. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect negative operations of 
$15,116. This is an interim period estimate; it is not necessarily indicative 
of the final year end results.

Duringthe fourth quarter of 2000, the City of Miami issued code violations to Metropole Apartments Associates LP (the Metropole Apartments) as a result of  deferred maintenance items.  To address these issues, the Operating General Partner has requested that a capital needs assessment be performed on the property. The assessment has been completed and analyzed by the Operating General Partner and the Investment General Partner. Since the assessment was performed, the operating general partner has overseen the work at the project with respect to the code violations. Currently, painting contractors and stucco repairs have been completed.  In addition to this, interior work remains ongoing. The Investment General Partner will continue to monitor this partnership.

(Series 9)  As of June 30, 2001 and 2000, the average Qualified Occupancy
for the series was 99.7% for both years. The series had a total of 54 
properties at June 30, 2001. Out of the total, 51 were at 100% Qualified 
Occupancy.

For the three months being reported the series reflects a net loss from the
Operating Partnerships of $615,742. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of
$311,025.  This is an interim period estimate; it is not necessarily
indicative of the final year end results.

In April of 2000, School Street II Limited Partnership (School Street Apts. II) inserted Marshall School Street II, LLC. as the Operating General Partner and property management company. Since taking control, the management company has completed the capital improvements program and improved the tenant selection criteria. As a result, occupancy has increased and stabilized. During the first six months of 2001 the averaged occupancy was 97%. Based on the improved occupancy and increased tenant selection criteria, the property's operations and cash flow should improve in 2001. The Operating General Partner continues to fund any operating cash deficits. The mortgage taxes,insurance and accounts payable are current.



The Operating Partnership Glennwood Hotel Investors (Glennwood Hotel) operated with an average occupancy of 65% for the year 2000. Occupancy through the second quarter of 2001 was 62%. The area has an oversupply of affordable rental housing, including new Section 8 projects, which has negatively impacted the property.  Without significant structural improvements that are at this time physically and financially unfeasible, the property will not be able to compete effectively in the market. The management agent is presently waiving security deposits and working with the housing authority to increase the amount of rental assistance available at the property.  Rents were reduced by $20 in March to offset the utility charges being offered at competitive developments. This rent reduction had little impact on operations or occupancy during the second quarter.  The Operating General Partner continues to financially support the partnership. The Investment General Partner continues to monitor this situation.



(Series 10)  As of June 30, 2001 and 2000, the average Qualified
Occupancy for the series was 99.9% and 99.8%, respectively. The series had a 
total of 45 properties at June 30, 2001, Out of the total,44 were at 100%
Qualified Occupancy.

For the three months being reported the series reflects a net loss from the
Operating Partnerships of $205,257. When adjusted for depreciation which is
a non-cash item, the Operating Partnerships reflect positive operations of
$371,285.  This is an interim period estimate; it is not necessarily
indicative of the final year end results.

The 1999 and 2000 audited financial statements for Chuckatuck Square(Chuckatuck Square) were prepared assuming the partnership would continue as a Going Concern. Despite high occupancy, the property suffers from excessive bad debt expenses due to the seasonal nature of employment opportunities in the local economy. As a result, the property is delinquent in funding its replacement reserves. In January of 2000, the partnership entered a two-year workout plan with Rural Development that allows for reduced debt service payments. The reduced debt service requirement, improved rental collection and controlled expenses have allowed the property to reduce the accounts payable from $12,383 as of December 31, 1999 to zero as of June 30, 2001. The Operating General Partner continues to work with Rural Development to permanently restructure the loan terms and obtain additional rental assistance. In addition the Operating General Partner is actively seeking grant funds to be utilized for capital improvements to the property. During 2000, the operating General Partner advanced $15,707 to the partnership to help support the property.

(Series 11)  As of June 30, 2001 and 2000 the average Qualified
Occupancy for the series was 100% for both years.  The series had a 
total of 40 properties all of which were 100% at June 30, 2001.

For the three months being reported the series reflects a net loss from the 
Operating Partnerships of $453,382. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of 
$144,474.  This is an interim period estimate; it is not necessarily 
indicative of the final year end results.

In June of 2001,the Investment General Partner became aware that unauthorized distributions in excess of Rural Development's (mortgage) allowable limits were made to the Operating General Partner of Aspen Square Limited Partnership (Aspen Square Apts.), Copper Creek Limited Partnership(Copper Creek Apts.) and Sierra Springs Limited Partnership (Sierra Springs Apts). These unauthorized distributions have been classified as receivables from the Operating General Partner on the partnerships audited financial statements. The Investment General Partner is actively seeking the immediate return of these funds through the Estate of the Operating General Partner. In addition, the Investment General Partner is weighing all available options to expedite the return of the unauthorized distributions.



The Operating General Partner of London Arms/Lyn Mar Limited (London Arms Apartments) requested that a capital needs assessment be performed on the property.  The assessment was completed and submitted during the first quarter of 2001. Upon evaluation of of the assessment, painting contractors were retained to begin making improvements to the property. In the second quarter of 2001 the work included pressure washing the building to remove peeling paint, applying a fresh coat and wire brushing metal surfaces. The Investment General Partner will continue to monitor this partnership.

(Series 12)  As of June 30, 2001 and 2000 the average Qualified
Occupancy for the series was 99.9% for both years. The series had a 
total of 53 properties at June 30, 2001, 52 of which were at 100%
qualified occupancy.

For the three months being reported the series reflects a net loss from the
Operating Partnerships of $436,390. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of 
$184,423.  This is an interim period estimate; it is not necessarily 
indicative of the final year end results.

In June of 2001,the Investment General Partner became aware that unauthorized distributions in excess of Rural Development's (mortgage) allowable limits were made to the Operating General Partner of Cananche Creek Limited Partnership(Cananche Creek Apts) and Shawnee Ridge Limited Partnership(Shawnee Ridge Apts.). These unauthorized distributions have been classified as receivables from the Operating General Partner on the partnerships audited financial statements. The Investment General Partner is actively seeking the immediate return of these funds through the Estate of the Operating general Partner. In addition, the

Investment General Partner is weighing all available options to expedite the return of the unauthorized distributions.

Union Baptist Plaza, Limited Partnership(Union Baptist Plaza Apts.), located in Springfield, Illinois, suffers from below breakeven operations due to high operating expenses.  The 2000 audited financial statement was prepared assuming the partnership would continue as a Going Concern.  The Partnership has suffered recurring operating losses and its total liabilities exceed its total assets. The property has a history of high occupancy, however high operating expenses particularly taxes and utilities prevent the property from achieving breakeven operations.  Due to the lack of cash flow, the 1999 and 2000 property taxes are delinquent and have accrued in the amount of $42,810 plus interest.  Although not yet delinquent it is unlikely that the partnership will have adequate cash to pay the 2001 taxes. The Operating General Partner is actively seeking to transfer its General Partner interest of this property.  Negotiations are on going with the Springfield Housing Authority as a potential replacement. The goal is to find a strategic partner, preferably a nonprofit organization, that is capable of operating the property more efficiently.  As part of any negotiated transfer, outstanding real estate taxes will be brought current.  In the short term, management is filing an application for a special adjustment to the rents, in the effort to increase cash flow.



(Series 14)  As of June 30, 2001 and 2000 the average Qualified
Occupancy for the series was 99.8% and 98.8%, respectively. The series had a
total of 101 properties at June 30, 2001, 97 of which were at 100%
Qualified Occupancy.

For the three months being reported the series reflects a net loss from the
Operating Partnerships of $833,874. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of
$413,292.  This is an interim period estimate; it is not necessarily indicative of the final year end results.

The properties owned by Glenhaven Park Partners, A California LP (Glenhaven Estates) continues to suffer from excessive operating expenses compared to operating income. Effective October 4, 2000 San Mar Properties of Fresno, CA assumed the role of management agent. An affiliate of San Mar Properties, Central Valley Affordable Housing, LLC, assumed the General Partner interest effective December 31,2000. Occupancy through the second quarter of 2001 averaged 92%. Despite improved occupancy, and new management, the property is no longer able to meet the mortgage obligation. The last mortgage payment was made in February 2001. The Operating General Partner with the assistance of the Investment General Partner is working with the mortgage holders to restructure the debt, however at this time the mortgage holders appear unwilling to do so.

The properties owned by Haven Park Partners II, A California LP (Glenhaven Park II) continues to suffer from excessive operating expenses compared to operating income. Effective October 4, 2000 San Mar Properties of Fresno, CA assumed the role of management agent. An affiliate of San Mar Properties, Central Valley Affordable Housing, LLC, assumed the General Partner interest effective December 31,2000. It is anticipated that a localized management presence will allow the property to operate in a more cost-effective manner. As a result of the efforts of the new Management Company, occupancy levels are improving. Physical occupancy at Haven Park II was has stabilized at 100% through the second quarter of 2001.







The properties owned by Haven Park Partners III, A California L.P. (Glenhaven Park III) and Haven Park Partners IV, A California L.P. (Glenhaven Park IV) continues to suffer from excessive operating expenses compared to operating income. Effective October 4, 2000 San Mar Properties of Fresno, CA assumed the role of management agent. An affiliate of San Mar Properties, Central Valley Affordable Housing, LLC, assumed the General Partner interest effective December 31,2000. It is anticipated that a localized management and ownership presence will allow the properties to operate in a more cost-effective manner. Occupancy at Both Haven Park III and Haven Park IV has stabilized as a result of the efforts of the new Management Company. As of June 30, 2001 physical occupancy at Haven Park III was 100%. Occupancy at Haven Park IV was 92% as of June 30, 2001.

On April 27, 1998 Woodfield Commons Limited Partnership (Rainbow Commons Apartments) received a 60-Day letter issued by the IRS stating that the Operating Partnership had not met certain IRC Section 42 requirements.



The IRS has additionally sent two 60 day letters for the tax years ending 1996 and 1997 dated August 23 1999 and August 8, 1999, respectively.  The initial 60-Day letter which was issued in relation to the tax years ended December 31, 1993, 1994, and 1995, and the subsequent 1996 and 1997 60-day letter were the result of an IRS audit of the Operating Partnership's tenant files.  The IRS has proposed an adjustment that would disallow the Partnership from utilizing certain past or future credits. On June 23, 1998, the Operating General Partner and its counsel filed a written protest with the IRS and requested additional information from the IRS with regards to the legal and factual basis upon which it has proposed its assessment.



In late October 2000, counsel representing the Operating General Partner had a conference with the appellate conferee. At this point, conversations with the appellate conferee continue but no deadline has been set for settling the case.

On April 10,2001 Woodfield Commons LP received a Notice of Beginning of Administration Proceedings for the tax year ending 1998. The current notice was expected, and it is likely that issues similar to those of the proceeding audits will be raised and that, if necessary, the operating partnership will again seek a resolution with the appeals court

The Operating General Partner and its counsel do not anticipate an outcome that would have a material effect on the financial statements and accordingly, no adjustment has been made in the accompanying financial statements.  While the Operating General Partner and its counsel are of this opinion, it is the opinion of the Investment General Partner that the outcome could, in total, be material.  While no adjustments have been made to the accompanying financial statements, the auditor's have included a contingency footnote in the annual financial statement(Note H) which is a part of the most recently filed 10-K dated March 31, 2001.







Table_of_Contents





PART II - OTHER INFORMATION





Item 1.   Legal Proceedings

None

Item 2.   Changes in Securities

None

Item 3.   Defaults upon Senior Securities

None

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

None

Item 5.   Other Information

None

Item 6.   Exhibits and Reports on Form 8-K

(a)  Exhibits

None
          (b) Reports on Form 8-K

None



















Table_of_Contents















SIGNATURES

Pursuant to the requirements of Section 13 of the Securities

Exchange Act of 1934, the Partnership has duly caused this Report to be

signed on its behalf by the undersigned, thereunto duly authorized.

|                     | Boston Capital Tax Credit Fund II Limited Partnership
|-------------------- | -----------------------------------------------------
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|Date: August 15,2001 | By:                                                  
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