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 December 31, 2000

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 reports), 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 December 31, 2000



TABLE OF CONTENTS

FOR THE QUARTER ENDED DECEMBER 31, 2000

BALANCE SHEETS















Three Months Ended DECEMBER 31,

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

nine Months Ended DECEMBER 31,

Statement_of_Operations_Nine_Months













STATEMENTS OF CHANGES IN PARTNERS CAPITAL

Nine Months Ended DECEMBER 31,















NINE Months Ended DECEMBER 31,

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 December 31, 2000



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



|                                                                                                                                                 | December 31,
2000
(Unaudited) | March 31,
2000
(Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------- | ------------------------
|ASSETS                                                                                                                                           |                               |                         
|INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)                                                                                                   | $ 42,532,073                  | $ 46,636,873            
|OTHER ASSETS                                                                                                                                     |                              
|Cash and cash equivalents                                                                                                                        | 1,390,848                     | 1,512,272               
|Notes receivable                                                                                                                                 | 543,584                       | 543,584                 
|Deferred acquisition costs (Note B)                                                                                                              | 1,056,215                     | 1,092,637               
|Other assets                                                                                                                                     | 914,308                       | 799,453                 
|                                                                                                                                                 | $46,437,028                   | $50,584,819             
|                                                                                                                                                 |                               |                         
|LIABILITIES                                                                                                                                      |                               |                         
|Accounts payable                                                                                                                                 | $      1,380                  | $      1,380            
|Accounts payable affiliates (Note C)                                                                                                             | 21,395,160                    | 19,467,919              
|                                                                                                                                                 |                               |                         
|Capital contributions payable (Note D)                                                                                                           | 261,103                       | 261,103                 
|                                                                                                                                                 | 21,657,643                    | 19,730,402              
|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 | 26,148,304                    | 32,162,586              
|General Partner                                                                                                                                  | (1,368,919)                   | (1,308,169)             
|                                                                                                                                                 | 24,779,385                    | 30,854,417              
|                                                                                                                                                 | $46,437,028                   | $50,584,819             







The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETS

Series7



|                                                                                                                                                         | December 31,
2000
(Unaudited) | March 31,
2000
(Audited)
|-------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | ------------------------
|ASSETS                                                                                                                                                   |                               |                         
|INVESTMENTS IN OPERATING
   PARTNERSHIPS(Note D)                                                                                                         | $ 577,141                     | $  705,120              
|OTHER ASSETS                                                                                                                                             |                               |                         
|Cash and cash equivalents                                                                                                                                | 5,612                         | 4,929                   
|Notes receivable                                                                                                                                         | -                             | -                       
|Deferred acquisition costs (Note B)                                                                                                                      | -                             | -                       
|Other assets                                                                                                                                             | 61,142                        | 57,517                  
|                                                                                                                                                         | $643,895                      | $767,566                
|                                                                                                                                                         |                               |                         
|LIABILITIES                                                                                                                                              |                               |                         
|                                                                                                                                                         |                               |                         
|Accounts payable                                                                                                                                         | $        -                    | $        -              
|Accounts payable affiliates (Note C)                                                                                                                     | 1,257,809                     | 1,155,639               
|Capital contributions payable (Note D)                                                                                                                   | -                             | -                       
|                                                                                                                                                         | 1,257,809                     | 1,155,639               
|                                                                                                                                                         |                               |                         
|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 | (517,849)                     | (294,266)               
|General Partner                                                                                                                                          | (96,065)                      | (93,807)                
|                                                                                                                                                         | (613,914)                     | (388,073)               
|                                                                                                                                                         | $643,895                      | $767,566                









The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETS

Series9



|                                                                                                                                                            | December 31,
     2000
    (Unaudited) | March 31,
    2000
     (Audited)
|----------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------- | ---------------------------------
|ASSETS                                                                                                                                                      |                                        |                                  
|INVESTMENTS IN OPERATING
   PARTNERSHIPS (Note D)                                                                                                           | $6,665,176                             | $7,491,734                       
|                                                                                                                                                            |                                        |                                  
|OTHER ASSETS                                                                                                                                                |                                        |                                  
|Cash and cash equivalents                                                                                                                                   | 342,168                                | 335,866                          
|Notes receivable                                                                                                                                            | -                                      | -                                
|Deferred acquisition costs (Note B)                                                                                                                         | 18,920                                 | 19,572                           
|Other assets                                                                                                                                                | 206,598                                | 204,244                          
|                                                                                                                                                            | $7,232,862                             | $8,051,416                       
|                                                                                                                                                            |                                        |                                  
|LIABILITIES                                                                                                                                                 |                                        |                                  
|                                                                                                                                                            |                                        |                                  
|Accounts payable                                                                                                                                            | $        -                             | $         -                      
|Accounts payable affiliates (Note C)                                                                                                                        | 5,040,566                              | 4,608,729                        
|Capital contributions payable (Note D)                                                                                                                      | -                                      | -                                
|                                                                                                                                                            | 5,040,566                              | 4,608,729                        
|                                                                                                                                                            |                                        |                                  
|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 | 2,530,713                              | 3,768,600                        
|General Partner                                                                                                                                             | (338,417)                              | (325,913)                        
|                                                                                                                                                            |                                        |                                  
|                                                                                                                                                            | 2,192,296                              | 3,442,687                        
|                                                                                                                                                            | $7,232,862                             | $8,051,416                       

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 10



|                                                                                                                                                                   | December 31,
    2000
   (Unaudited) | March 31,
   2000
      (Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------ | ---------------------------------
|ASSETS                                                                                                                                                             |                                      |                                  
|INVESTMENTS IN OPERATING 
   PARTNERSHIPS (Note D)                                                                                                                 | $6,512,016                           | $6,885,117                       
|OTHER ASSETS                                                                                                                                                       |                                      |                                  
|Cash and cash equivalents                                                                                                                                          | 110,514                              | 121,866                          
|Notes receivable                                                                                                                                                   | -                                    | -                                
|Deferred acquisition costs (Note B)                                                                                                                                | 74,850                               | 77,431                           
|Other assets                                                                                                                                                       | 41,472                               | 42,154                           
|                                                                                                                                                                   | $6,738,852                           | $7,126,568                       
|                                                                                                                                                                   |                                      |                                  
|LIABILITIES                                                                                                                                                        |                                      |                                  
|                                                                                                                                                                   |                                      |                                  
|Accounts payable                                                                                                                                                   | $        -                           | $        -                       
|Accounts payable affiliates (Note C)                                                                                                                               | 3,317,130                            | 3,050,496                        
|Capital contributions payable (Note D)                                                                                                                             | -                                    | -                                
|                                                                                                                                                                   | 3,317,130                            | 3,050,496                        
|                                                                                                                                                                   |                                      |                                  
|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 | 3,598,318                            | 4,246,124                        
|General Partner                                                                                                                                                    | (176,596)                            | (170,052)                        
|                                                                                                                                                                   | 3,421,722                            | 4,076,072                        
|                                                                                                                                                                   | $6,738,852                           | $7,126,568                       

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 11



|                                                                                                                                                                   | December 31,
       2000
     (Unaudited) | March 31,
     2000
     (Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------------------- | ----------------------------------
|ASSETS                                                                                                                                                             |                                           |                                   
|INVESTMENTS IN OPERATING
PARTNERSHIPS (NOTE D)                                                                                                                     | $ 7,472,820                               | $ 8,097,883                       
|OTHER ASSETS                                                                                                                                                       |                                           |                                   
|Cash and cash equivalents                                                                                                                                          | 377,012                                   | 389,019                           
|Notes receivable                                                                                                                                                   | -                                         | -                                 
|Deferred acquisition costs (Note B)                                                                                                                                | 37,938                                    | 39,247                            
|Other assets                                                                                                                                                       | 67,731                                    | 68,870                            
|                                                                                                                                                                   | $7,955,501                                | $8,595,019                        
|                                                                                                                                                                   |                                           |                                   
|LIABILITIES                                                                                                                                                        |                                           |                                   
|Accounts payable                                                                                                                                                   | $         -                               | $          -                      
|Accounts payable affiliates (Note C)                                                                                                                               | 2,521,774                                 | 2,277,513                         
|Capital contributions payable (Note D)                                                                                                                             | 22,528                                    | 22,528                            
|                                                                                                                                                                   | 2,544,302                                 | 2,300,041                         
|                                                                                                                                                                   |                                           |                                   
|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 | 5,571,772                                 | 6,446,713                         
|General Partner                                                                                                                                                    | (160,573)                                 | (151,735)                         
|                                                                                                                                                                   | 5,411,199                                 | 6,294,978                         
|                                                                                                                                                                   | $7,955,501                                | $8,595,019                        

The accompanying notes are an integral part of this statement





Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 12



|                                                                                                                                                                   | December 31,
     2000
    (Unaudited) | March 31,
        2000
       (Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------------------------- | ---------------------------------------
|ASSETS                                                                                                                                                             |                                        |                                        
|INVESTMENTS IN OPERATING
   PARTNERSHIPS (NOTE D)                                                                                                                  | $ 7,539,671                            | $ 8,296,388                            
|OTHER ASSETS                                                                                                                                                       |                                        |                                        
|Cash and cash equivalents                                                                                                                                          | 50,443                                 | 68,437                                 
|Notes receivable                                                                                                                                                   | -                                      | -                                      
|Deferred acquisition costs (Note B)                                                                                                                                | 289,641                                | 299,628                                
|Other assets                                                                                                                                                       | 105,927                                | 105,927                                
|                                                                                                                                                                   | $7,985,682                             | $8,770,380                             
|                                                                                                                                                                   |                                        |                                        
|LIABILITIES                                                                                                                                                        |                                        |                                        
|                                                                                                                                                                   |                                        |                                        
|Accounts payable                                                                                                                                                   | $         -                            | $         -                            
|Accounts payable affiliates (Note C)                                                                                                                               | 3,161,502                              | 2,868,059                              
|Capital contributions payable (Note D)                                                                                                                             | 11,405                                 | 11,405                                 
|                                                                                                                                                                   | 3,172,907                              | 2,879,464                              
|                                                                                                                                                                   |                                        |                                        
|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 | 5,021,906                              | 6,089,266                              
|General Partner                                                                                                                                                    | (209,131)                              | (198,350)                              
|                                                                                                                                                                   | 4,812,775                              | 5,890,916                              
|                                                                                                                                                                   | $7,985,682                             | $8,770,380                             



















The accompanying notes are an integral part of this statement











Boston Capital Tax Credit Fund II Limited Partnership
BALANCE SHEETSSeries 14



|                                                                                                                                                                   | December 31,
       2000
    (Unaudited) | March 31,
   2000
    (Audited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------- | -------------------------------
|ASSETS                                                                                                                                                             |                                          |                                
|INVESTMENTS IN OPERATING
   PARTNERSHIPS (NOTE D)                                                                                                                  | $13,765,250                              | $ 15,160,631                   
|OTHER ASSETS                                                                                                                                                       |                                          |                                
|Cash and cash equivalents                                                                                                                                          | 505,099                                  | 592,155                        
|Notes receivable                                                                                                                                                   | 543,584                                  | 543,584                        
|Deferred acquisition costs (Note B)                                                                                                                                | 634,866                                  | 656,759                        
|Other assets                                                                                                                                                       | 431,437                                  | 320,741                        
|                                                                                                                                                                   | $15,880,236                              | $17,273,870                    
|                                                                                                                                                                   |                                          |                                
|LIABILITIES                                                                                                                                                        |                                          |                                
|                                                                                                                                                                   |                                          |                                
|Accounts payable                                                                                                                                                   | $     1,380                              | $      1,380                   
|Accounts payable affiliates (Note C)                                                                                                                               | 6,096,379                                | 5,507,483                      
|Capital contributions payable (Note D)                                                                                                                             | 227,170                                  | 227,170                        
|                                                                                                                                                                   | 6,324,929                                | 5,736,033                      
|                                                                                                                                                                   |                                          |                                
|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 | 9,943,444                                | 11,906,149                     
|General Partner                                                                                                                                                    | (388,137)                                | (368,312)                      
|                                                                                                                                                                   | 9,555,307                                | 11,537,837                     
|                                                                                                                                                                   | $15,880,236                              | $17,273,870                    

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited PartnershipSTATEMENTS OF OPERATIONS Three Months Ended December 31,
(Unaudited)





|                                                     | 2000         | 1999        
|---------------------------------------------------- | ------------ | ------------
|                                                     |              |             
|Income                                               |              |             
|Interest income                                      | $     13,106 | $     12,142
|Other income                                         | 5,189        | 17,944      
|                                                     | 18,295       | 30,086      
|                                                     |              |             
|Share of loss from Operating 
  Partnerships(Note D) | (1,271,394)  | (1,728,039) 
|                                                     |              |             
|Expenses                                             |              |             
|                                                     |              |             
|Partnership management fee (Note C)                  | 606,196      | 608,627     
|Amortization                                         | 12,139       | 12,139      
|General and administrative expenses                  | 22,208       | 35,738      
|                                                     | 640,543      | 656,504     
|                                                     |              |             
|NET LOSS                                             | $(1,893,642) | $(2,354,457)
|                                                     |              |             
|Net loss allocated to limited partners               | $(1,874,705) | $(2,330,912)
|                                                     |              |             
|Net loss allocated general partner                   | $(18,937)    | $(23,545)   
|                                                     |              |             
|Net loss per BAC                                     | $(.10)       | $(.13)      
|                                                     |              |             

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series7



|                                                     | 2000       | 1999      
|---------------------------------------------------- | ---------- | ----------
|                                                     |            |           
|Income                                               |            |           
|Interest income                                      | $       16 | $       40
|Other income                                         | -          | -         
|                                                     | 16         | 40        
|                                                     |            |           
|Share of loss from Operating 
  Partnerships(Note D) | (27,370)   | (37,419)  
|                                                     |            |           
|Expenses                                             |            |           
|                                                     |            |           
|Partnership management fee (Note C)                  | 28,287     | 28,287    
|Amortization                                         | -          | -         
|General and administrative expenses                  | 1,120      | 1,783     
|                                                     | 29,407     | 30,070    
|                                                     |            |           
|NET LOSS                                             | $(56,761)  | $(67,449) 
|                                                     |            |           
|Net loss allocated to limited partners               | $(56,193)  | $(66,775) 
|                                                     |            |           
|Net loss allocated general partner                   | $(568)     | $(674)    
|                                                     |            |           
|Net loss per BAC                                     | $(.05)     | $(.07)    
|                                                     |            |           





The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended December 31,    
(Unaudited)

Series9



|                                                     | 2000        | 1999        
|---------------------------------------------------- | ----------- | ------------
|                                                     |             |             
|Income                                               |             |             
|Interest income                                      | $     2,544 | $      2,556
|Other income                                         | 89          | 338         
|                                                     | 2,633       | 2,894       
|                                                     |             |             
|Share of loss from Operating 
  Partnerships(Note D) | (282,969)   | (678,633)   
|                                                     |             |             
|Expenses                                             |             |             
|                                                     |             |             
|Partnership management fee (Note C)                  | 140,140     | 141,196     
|Amortization                                         | 217         | 217         
|General and administrative expenses                  | 4,302       | 7,354       
|                                                     | 144,659     | 148,767     
|                                                     |             |             
|NET LOSS                                             | $(424,995)  | $(824,506)  
|                                                     |             |             
|Net loss allocated to limited partners               | $(420,745)  | $(816,261)  
|                                                     |             |             
|Net loss allocated general partner                   | $(4,250)    | $(8,245)    
|                                                     |             |             
|Net loss per BAC                                     | $(.10)      | $(.20)      
|                                                     |             |             

The accompanying notes are an integral part of this statement



















Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended December 31,    
(Unaudited)Series10



|                                                     | 2000        | 1999       
|---------------------------------------------------- | ----------- | -----------
|                                                     |             |            
|Income                                               |             |            
|Interest income                                      | $     1,489 | $     1,192
|Other income                                         | -           | 600        
|                                                     | 1,489       | 1,792      
|                                                     |             |            
|Share of loss from Operating 
  Partnerships(Note D) | (79,680)    | (119,725)  
|                                                     |             |            
|Expenses                                             |             |            
|                                                     |             |            
|Partnership management fee (Note C)                  | 88,878      | 83,112     
|Amortization                                         | 860         | 860        
|General and administrative expenses                  | 2,853       | 5,462      
|                                                     | 92,591      | 89,434     
|                                                     |             |            
|NET LOSS                                             | $(170,782)  | $(207,367) 
|                                                     |             |            
|Net loss allocated to limited partners               | $(169,074)  | $(205,293) 
|                                                     |             |            
|Net loss allocated general partner                   | $(1,708)    | $(2,074)   
|                                                     |             |            
|Net loss per BAC                                     | $(.07)      | $(.09)     
|                                                     |             |            



The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONS
Three Months Ended December 31,    
(Unaudited)Series 11



|                                                     | 2000        | 1999       
|---------------------------------------------------- | ----------- | -----------
|                                                     |             |            
|Income                                               |             |            
|Interest Income                                      | $     3,280 | $     2,324
|Other income                                         | -           | 4,656      
|                                                     | 3,280       | 6,980      
|                                                     |             |            
|Share of loss from Operating 
  Partnerships(Note D) | (181,160)   | (193,374)  
|                                                     |             |            
|Expenses                                             |             |            
|                                                     |             |            
|Partnership management fee (Note C)                  | 77,317      | 79,920     
|Amortization                                         | 436         | 436        
|General and administrative expenses                  | 2,577       | 4,780      
|                                                     | 80,330      | 85,136     
|                                                     |             |            
|NET LOSS                                             | $(258,210)  | $(271,530) 
|                                                     |             |            
|Net loss allocated to limited partners               | $(255,628)  | $(268,815) 
|                                                     |             |            
|Net loss allocated general partner                   | $(2,582)    | $(2,715)   
|                                                     |             |            
|Net loss per BAC                                     | $(.10)      | $(.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 December 31,       
(Unaudited)Series 12



|                                                     | 2000         | 1999       
|---------------------------------------------------- | ------------ | -----------
|                                                     |              |            
|Income                                               |              |            
|Interest income                                      | $        260 | $       308
|Other income                                         | 2,700        | 2,550      
|                                                     | 2,960        | 2,858      
|                                                     |              |            
|Share of loss from Operating 
  Partnerships(Note D) | (198,334)    | (223,556)  
|                                                     |              |            
|Expenses                                             |              |            
|                                                     |              |            
|Partnership management fee (Note C)                  | 93,483       | 91,217     
|Amortization                                         | 3,329        | 3,329      
|General and administrative expenses                  | 2,881        | 4,634      
|                                                     | 99,693       | 99,180     
|                                                     |              |            
|NET LOSS                                             | $(295,067)   | $(319,878) 
|                                                     |              |            
|Net loss allocated to limited partners               | $(292,116)   | $(316,679) 
|                                                     |              |            
|Net loss allocated general partner                   | $(2,951)     | $(3,199)   
|                                                     |              |            
|Net loss per BAC                                     | $(.10)       | $(.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 December 31,       
(Unaudited)Series 14



|                                                     | 2000         | 1999       
|---------------------------------------------------- | ------------ | -----------
|                                                     |              |            
|Income                                               |              |            
|Interest income                                      | $      5,517 | $     5,722
|Other income                                         | 2,400        | 9,800      
|                                                     | 7,917        | 15,522     
|                                                     |              |            
|Share of loss from Operating 
  Partnerships(Note D) | (501,881)    | (475,332)  
|                                                     |              |            
|Expenses                                             |              |            
|                                                     |              |            
|Partnership management fee (Note C)                  | 178,091      | 184,895    
|Amortization                                         | 7,297        | 7,297      
|General and administrative expenses                  | 8,475        | 11,725     
|                                                     | 193,863      | 203,917    
|                                                     |              |            
|NET LOSS                                             | $(687,827)   | $(663,727) 
|                                                     |              |            
|Net loss allocated to limited partners               | $(680,949)   | $(657,090) 
|                                                     |              |            
|Net loss allocated general partner                   | $(6,878)     | $(6,637)   
|                                                     |              |            
|Net loss per BAC                                     | $(.12)       | $(.12)     
|                                                     |              |            

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,       
(Unaudited)



|                                                     | 2000         | 1999        
|---------------------------------------------------- | ------------ | ------------
|                                                     |              |             
|Income                                               |              |             
|Interest income                                      | $     39,042 | $     41,966
|Other income                                         | 8,802        | 38,333      
|                                                     | 47,844       | 80,299      
|                                                     |              |             
|Share of loss from Operating 
  Partnerships(Note D) | (4,095,834)  | (5,150,752) 
|                                                     |              |             
|Expenses                                             |              |             
|                                                     |              |             
|Partnership management fee (Note C)                  | 1,750,518    | 1,752,613   
|Amortization                                         | 36,421       | 36,421      
|General and administrative expenses                  | 240,103      | 307,842     
|                                                     | 2,027,042    | 2,096,876   
|                                                     |              |             
|NET LOSS                                             | $(6,075,032) | $(7,167,329)
|                                                     |              |             
|Net loss allocated to limited partners               | $(6,014,282) | $(7,095,656)
|                                                     |              |             
|Net loss allocated general partner                   | $(60,750)    | $(71,673)   
|                                                     |              |             
|Net loss per BAC                                     | $(.33)       | $(.38)      
|                                                     |              |             

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,       
(Unaudited)Series 7



|                                                     | 2000        | 1999       
|---------------------------------------------------- | ----------- | -----------
|                                                     |             |            
|Income                                               |             |            
|Interest income                                      | $        76 | $       136
|Other income                                         | -           | -          
|                                                     | 76          | 136        
|                                                     |             |            
|Share of loss from Operating 
  Partnerships(Note D) | (127,978)   | (167,920)  
|                                                     |             |            
|Expenses                                             |             |            
|                                                     |             |            
|Partnership management fee (Note C)                  | 81,861      | 81,861     
|Amortization                                         | -           | -          
|General and administrative expenses                  | 16,078      | 17,030     
|                                                     | 97,939      | 98,891     
|                                                     |             |            
|NET LOSS                                             | $(225,841)  | $(266,675) 
|                                                     |             |            
|Net loss allocated to limited partners               | $(223,583)  | $(264,008) 
|                                                     |             |            
|Net loss allocated general partner                   | $(2,258)    | $(2,667)   
|                                                     |             |            
|Net loss per BAC                                     | $(.21)      | $(.26)     
|                                                     |             |            

The accompanying notes are an integral part of this statement





















Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,       
(Unaudited)Series 9



|                                                     | 2000         | 1999         
|---------------------------------------------------- | ------------ | -------------
|                                                     |              |              
|Income                                               |              |              
|Interest income                                      | $     8,211  | $       8,683
|Other income                                         | 2,418        | 11,528       
|                                                     | 10,629       | 20,211       
|                                                     |              |              
|Share of loss from Operating 
  Partnerships(Note D) | (823,506)    | (1,390,642)  
|                                                     |              |              
|Expenses                                             |              |              
|                                                     |              |              
|Partnership management fee (Note C)                  | 400,146      | 408,196      
|Amortization                                         | 652          | 652          
|General and administrative expenses                  | 36,716       | 54,135       
|                                                     | 437,514      | 462,983      
|                                                     |              |              
|NET LOSS                                             | $(1,250,391) | $(1,833,414) 
|                                                     |              |              
|Net loss allocated to limited partners               | $(1,237,887) | $(1,815,080) 
|                                                     |              |              
|Net loss allocated general partner                   | $(12,504)    | $(18,334)    
|                                                     |              |              
|Net loss per BAC                                     | $(.30)       | $(.44)       
|                                                     |              |              

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,
(Unaudited)Series 10



|                                                     | 2000       | 1999       
|---------------------------------------------------- | ---------- | -----------
|                                                     |            |            
|Income                                               |            |            
|Interest income                                      | $    4,129 | $     3,692
|Other income                                         | -          | 8,550      
|                                                     | 4,129      | 12,242     
|                                                     |            |            
|Share of loss from Operating 
  Partnerships(Note D) | (372,752)  | (334,687)  
|                                                     |            |            
|Expenses                                             |            |            
|                                                     |            |            
|Partnership management fee (Note C)                  | 252,107    | 251,732    
|Amortization                                         | 2,581      | 2,581      
|General and administrative expenses                  | 31,039     | 44,155     
|                                                     | 285,727    | 298,468    
|                                                     |            |            
|NET LOSS                                             | $(654,350) | $(620,913) 
|                                                     |            |            
|Net loss allocated to limited partners               | $(647,806) | $(614,704) 
|                                                     |            |            
|Net loss allocated general partner                   | $(6,544)   | $(6,209)   
|                                                     |            |            
|Net loss per BAC                                     | $(.27)     | $(.26)     
|                                                     |            |            

The accompanying notes are an integral part of this statement















Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,       
(Unaudited)Series 11



|                                                     | 2000        | 1999        
|---------------------------------------------------- | ----------- | ------------
|                                                     |             |             
|Income                                               |             |             
|Interest income                                      | $     8,995 | $      9,117
|Other income                                         | -           | 5,571       
|                                                     | 8,995       | 14,688      
|                                                     |             |             
|Share of loss from Operating 
  Partnerships(Note D) | (625,064)   | (699,495)   
|                                                     |             |             
|Expenses                                             |             |             
|                                                     |             |             
|Partnership management fee (Note C)                  | 236,857     | 235,920     
|Amortization                                         | 1,308       | 1,308       
|General and administrative expenses                  | 29,545      | 40,374      
|                                                     | 267,710     | 277,602     
|                                                     |             |             
|NET LOSS                                             | $(883,779)  | $(962,409)  
|                                                     |             |             
|Net loss allocated to limited partners               | $(874,941)  | $(952,785)  
|                                                     |             |             
|Net loss allocated general partner                   | $(8,838)    | $(9,624)    
|                                                     |             |             
|Net loss per BAC                                     | $(.35)      | $(.39)      
|                                                     |             |             

The accompanying notes are an integral part of this statement

















Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,       
(Unaudited)Series 12



|                                                     | 2000         | 1999        
|---------------------------------------------------- | ------------ | ------------
|                                                     |              |             
|Income                                               |              |             
|Interest income                                      | $      1,035 | $      1,081
|Other income                                         | 2,700        | 2,850       
|                                                     | 3,735        | 3,931       
|                                                     |              |             
|Share of loss from Operating 
  Partnerships(Note D) | (755,993)    | (751,815)   
|                                                     |              |             
|Expenses                                             |              |             
|                                                     |              |             
|Partnership management fee (Note C)                  | 266,392      | 273,236     
|Amortization                                         | 9,988        | 9,988       
|General and administrative expenses                  | 49,503       | 52,598      
|                                                     | 325,883      | 335,822     
|                                                     |              |             
|NET LOSS                                             | $(1,078,141) | $(1,083,706)
|                                                     |              |             
|Net loss allocated to limited partners               | $(1,067,360) | $(1,072,869)
|                                                     |              |             
|Net loss allocated general partner                   | $(10,781)    | $(10,837)   
|                                                     |              |             
|Net loss per BAC                                     | $(.36)       | $(.36)      
|                                                     |              |             

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF OPERATIONSNine Months Ended December 31,       
(Unaudited)Series 14



|                                                     | 2000         | 1999        
|---------------------------------------------------- | ------------ | ------------
|                                                     |              |             
|Income                                               |              |             
|Interest income                                      | $     16,596 | $     19,257
|Other income                                         | 3,684        | 9,834       
|                                                     | 20,280       | 29,091      
|                                                     |              |             
|Share of loss from Operating 
  Partnerships(Note D) | (1,390,541)  | (1,806,193) 
|                                                     |              |             
|Expenses                                             |              |             
|                                                     |              |             
|Partnership management fee (Note C)                  | 513,155      | 501,668     
|Amortization                                         | 21,892       | 21,892      
|General and administrative expenses                  | 77,222       | 99,550      
|                                                     | 612,269      | 623,110     
|                                                     |              |             
|NET LOSS                                             | $(1,982,530) | $(2,400,212)
|                                                     |              |             
|Net loss allocated to limited partners               | $(1,962,705) | $(2,376,210)
|                                                     |              |             
|Net loss allocated general partner                   | $(19,825)    | $(24,002)   
|                                                     |              |             
|Net loss per BAC                                     | $(.36)       | $(.43)      
|                                                     |              |             

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited PartnershipSTATEMENTS OF CHANGES IN PARTNERS' CAPITAL
Nine Months Ended December 31,
(Unaudited)



|                                                   | Assignees    | General
Partner | Total       
|-------------------------------------------------- | ------------ | --------------- | ------------
|                                                   |              |                 |             
|Partners' capital 
 (deficit)
  April 1, 2000      | $ 32,162,586 | $ (1,308,169)   | $ 30,854,417
|                                                   |              |                 |             
|                                                   |              |                 |             
|Net income (loss)                                  | (6,014,282)  | (60,750)        | (6,075,032) 
|                                                   |              |                 |             
|Partners' capital 
 (deficit),
  December 31, 2000 | $26,148,304  | $(1,368,919)    | $24,779,385 
|                                                   |              |                 |             

The accompanying notes are an integral part of this statement

















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

Nine Months Ended December 31,    
(Unaudited)



|                                                  | Assignees   | General
Partner | Total      
|------------------------------------------------- | ----------- | --------------- | -----------
|Series7                                           |             |                 |            
|Partners' capital 
 (deficit)
  April 1, 2000     | $ (294,266) | $  (93,807)     | $ (388,073)
|                                                 
|Net income (loss)                                 | (223,583)   | (2,258)         | (225,841)  
|                                                  |             |                 |            
|Partners' capital 
 (deficit)
  December 31, 2000 | $(517,849)  | $(96,065)       | $(613,914) 
|                                                  |            
|Series9                                           |             |                 |            
|Partners' capital 
 (deficit)
  April 1, 2000     | $ 3,768,600 | $ (325,913)     | $ 3,442,687
|                                                 
|Net income (loss)                                 | (1,237,887) | (12,504)        | (1,250,391)
|                                                  |             |                 |            
|Partners' capital 
 (deficit)
  December 31, 2000 | $2,530,713  | $(338,417)      | $2,192,296 
|                                                  |             |                 |            















The accompanying notes are an integral part of these statements.









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

Nine Months Ended December 31,     
(Unaudited)



|                                                  | Assignees   | General
Partner | Total      
|------------------------------------------------- | ----------- | --------------- | -----------
|Series 10                                         |             |                 |            
|Partners' capital 
 (deficit)
  April 1, 2000     | $ 4,246,124 | $ (170,052)     | $ 4,076,072
|                                                 
|Net income (loss)                                 | (647,806)   | (6,544)         | (654,350)  
|                                                  |             |                 |            
|Partners' capital 
 (deficit)
  December 31, 2000 | $3,598,318  | $(176,596)      | $ 3,421,722
|                                                 
|Series 11                                         |             |                 |            
|Partners' capital 
 (deficit)
  April 1, 2000     | $ 6,446,713 | $ (151,735)     | $ 6,294,978
|                                                 
|Net income (loss)                                 | (874,941)   | (8,838)         | (883,779)  
|                                                  |             |                 |            
|Partners' capital 
 (deficit)
  December 31, 2000 | $5,571,772  | $(160,573)      | $5,411,199 
|                                                  |             |                 |            

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL 
Nine Months Ended December 31,
(Unaudited)



|                                                  | Assignees    | General
Partner | Total       
|------------------------------------------------- | ------------ | --------------- | ------------
|Series 12                                         |              |                 |             
|Partners' capital 
 (deficit)
  April 1, 2000     | $  6,089,266 | $  (198,350)    | $ 5,890,916 
|                                                 
|Net income (loss)                                 | (1,067,360)  | (10,781)        | (1,078,141) 
|                                                  |              |                 |             
|Partners' capital 
 (deficit)
  December 31, 2000 | $5,021,906   | $(209,131)      | $4,812,775  
|                                                  |              |                 |             
|Series 14                                         |              |                 |             
|Partners' capital 
 (deficit)
  April 1, 2000     | $ 11,906,149 | $   (368,312)   | $ 11,537,837
|                                                 
|Net income (loss)                                 | (1,962,705)  | (19,825)        | (1,982,530) 
|                                                  |              |                 |             
|Partners' capital 
 (deficit)
  December 31, 2000 | $9,943,444   | $(388,137)      | $9,555,307  
|                                                  |              |                 |             

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited PartnershipSTATEMENTS OF CASH FLOWSNine Months Ended December 31,
(Unaudited)



|                                                                               | 2000         | 1999        
|------------------------------------------------------------------------------ | ------------ | ------------
|Cash Flows from operating activities:                                          |              |             
|                                                                               |              |             
|Net Loss                                                                       | $(6,075,032) | $(7,167,329)
|Adjustments                                                                    |              |             
|Distributions from Operating
        Partnerships                              | 8,966        | 24,753      
|Amortization                                                                   | 36,421       | 36,421      
|Share of Loss from Operating
        Partnerships                              | 4,095,834    | 5,150,752   
|Changes in assets and liabilities                                              |              |             
|(Decrease) Increase in accounts
        payable                                | 1,924,241    | 2,020,825   
|Decrease (Increase) in other
        assets                                    | (114,854)    | (172,947)   
|                                                                               |              |             
|Net cash (used in) provided by 
        Operating activities                   | (121,424)    | (107,525)   
|                                                                               |              |             
|                                                                               |              |             
|Cash Flows from investing activities:                                          |              |             
|                                                                               |              |             
|Capital contributions paid to 
     Operating Partnerships                     | -            | (104,590)   
|Advances (made to) repaid from
     Operating Partnerships                     | -            | -           
|                                                                               |              |             
|Net cash (used in) provided by
     investing activities                       | -            | (104,590)   
|                                                                               |              |             
|                                                                               |              |             
|Cash flows from financing activity:                                            |              |             
|                                                                               |              |             
|Credit adjusters received from
     (refunded to) Operating
      Partnerships | -            | (6,743)     
|                                                                               |              |             
|Net cash (used in)provided by
        financing activity                       | -            | (6,743)     
|                                                                               |              |             
|                                                                               |              |             
|INCREASE (DECREASE) IN CASH AND
        CASH EQUIVALENTS                       | (121,424)    | (218,858)   
|                                                                               |              |             
|Cash and cash equivalents, beginning                                           | 1,512,272    | 1,590,545   
|                                                                               |              |             
|Cash and cash equivalents, ending                                              | $1,390,848   | $1,371,687  
|                                                                               |              |             



The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)Series7



|                                                                               | 2000       | 1999       
|------------------------------------------------------------------------------ | ---------- | -----------
|Cash Flows from operating activities:                                          |            |            
|                                                                               |            |            
|Net Loss                                                                       | $(225,841) | $ (266,675)
|Adjustments                                                                    |            |            
|Distributions from Operating
        Partnerships                              | -          | -          
|Amortization                                                                   | -          | -          
|Share of Loss from Operating
        Partnerships                              | 127,978    | 167,920    
|Changes in assets and liabilities                                              |            |            
|(Decrease) Increase in accounts
        payable                                | 102,170    | 105,771    
|Decrease (Increase) in other
        assets                                    | (3,624)    | (10,858)   
|                                                                               |            |            
|Net cash (used in) provided by 
        operating activities                   | 683        | (3,842)    
|                                                                               |            |            
|                                                                               |            |            
|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                       | 683        | (3,842)    
|                                                                               |            |            
|Cash and cash equivalents, beginning                                           | 4,929      | 8,529      
|                                                                               |            |            
|Cash and cash equivalents, ending                                              | $5,612     | $4,687     
|                                                                               |            |            



The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)Series9



|                                                                               | 2000         | 1999        
|------------------------------------------------------------------------------ | ------------ | ------------
|Cash Flows from operating activities:                                          |              |             
|                                                                               |              |             
|Net Loss                                                                       | $(1,250,391) | $(1,833,414)
|Adjustments                                                                    |              |             
|Distributions from Operating
        Partnerships                              | 3,054        | 1,048       
|Amortization                                                                   | 652          | 652         
|Share of Loss from Operating
        Partnerships                              | 823,506      | 1,390,642   
|Changes in assets and liabilities                                              |              |             
|(Decrease) Increase in accounts
        payable                                | 431,837      | 431,838     
|Decrease (Increase) in other
        assets                                    | (2,355)      | (39,781)    
|                                                                               |              |             
|Net cash (used in) provided by
        operating activities                    | 6,302        | (49,015)    
|                                                                               |              |             
|                                                                               |              |             
|Cash Flows from investing activities:                                          |              |             
|                                                                               |              |             
|Capital contributions paid to 
     Operating Partnerships                     | -            | (4,590)     
|Advances (made to) repaid from
     Operating Partnerships                     | -            | -           
|                                                                               |              |             
|Net cash (used in) provided by
     investing activities                       | -            | (4,590)     
|                                                                               |              |             
|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                       | 6,302        | (53,605)    
|                                                                               |              |             
|Cash and cash equivalents, beginning                                           | 335,866      | 396,237     
|                                                                               |              |             
|Cash and cash equivalents, ending                                              | $342,168     | $342,632    
|                                                                               |              |             

The accompanying notes are an integral part of this statement













Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)Series10



|                                                                                | 2000         | 1999        
|------------------------------------------------------------------------------- | ------------ | ------------
|Cash Flows from operating activities:                                           |              |             
|                                                                                |              |             
|Net Loss                                                                        | $  (654,350) | $  (620,913)
|Adjustments                                                                     |              |             
|Distributions from Operating
        Partnerships                               | 349          | 1,030       
|Amortization                                                                    | 2,581        | 2,581       
|Share of Loss from Operating
        Partnerships                               | 372,752      | 334,687     
|Changes in assets and liabilities                                               |              |             
|(Decrease) Increase in accounts
        payable                                 | 266,634      | 266,639     
|(Decrease) Increase in other
        assets                                     | 682          | 1,299       
|                                                                                |              |             
|Net cash (used in) provided by 
        operating activities                    | (11,352)     | (14,677)    
|                                                                                |              |             
|                                                                                |              |             
|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 | -            | (7,350)     
|                                                                                |              |             
|Net cash (used in)provided by
        financing activity                        | -            | (7,350)     
|                                                                                |              |             
|                                                                                |              |             
|INCREASE (DECREASE) IN CASH AND
        CASH EQUIVALENTS                        | (11,351)     | (22,027)    
|                                                                                |              |             
|Cash and cash equivalents, beginning                                            | 121,866      | 118,099     
|                                                                                |              |             
|Cash and cash equivalents, ending                                               | $110,514     | $96,072     
|                                                                                |              |             

The accompanying notes are an integral part of this statement













Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)Series 11



|                                                                                | 2000       | 1999      
|------------------------------------------------------------------------------- | ---------- | ----------
|Cash Flows from operating activities:                                           |            |           
|                                                                                |            |           
|Net Loss                                                                        | $(883,779) | $(962,409)
|Adjustments                                                                     |            |           
|Distributions from Operating
        Partnerships                               | -          | 35        
|Amortization                                                                    | 1,308      | 1,308     
|Share of Loss from Operating
        Partnerships                               | 625,064    | 699,495   
|Changes in assets and liabilities                                               |            |           
|(Decrease) Increase in accounts
        payable                                 | 244,261    | 244,260   
|Decrease (Increase) in other
        assets                                     | 1,139      | 2,769     
|                                                                                |            |           
|Net cash (used in) provided by 
        operating activities                    | (12,007)   | (14,542)  
|                                                                                |            |           
|                                                                                |            |           
|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                        | (12,007)   | (14,542)  
|                                                                                |            |           
|Cash and cash equivalents, beginning                                            | 389,019    | 316,711   
|                                                                                |            |           
|Cash and cash equivalents, ending                                               | $377,012   | $302,169  
|                                                                                |            |           

The accompanying notes are an integral part of this statement













Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)Series 12



|                                                                                | 2000           | 1999          
|------------------------------------------------------------------------------- | -------------- | --------------
|Cash Flows from operating activities:                                           |                |               
|                                                                                |                |               
|Net Loss                                                                        | $  (1,078,141) | $  (1,083,706)
|Adjustments                                                                     |                |               
|Distributions from Operating
        Partnerships                               | 723            | (1,350)       
|Amortization                                                                    | 9,988          | 9,988         
|Share of Loss from Operating
        Partnerships                               | 755,993        | 751,815       
|Changes in assets and liabilities                                               |                |               
|(Decrease) Increase in accounts
        payable                                 | 293,443        | 296,184       
|(Decrease) Increase in other
        assets                                     | -              | -             
|                                                                                |                |               
|Net cash (used in) provided by 
        operating activities                    | (17,994)       | (27,069)      
|                                                                                |                |               
|                                                                                |                |               
|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                        | (17,994)       | (27,069)      
|                                                                                |                |               
|Cash and cash equivalents, beginning                                            | 68,437         | 82,710        
|                                                                                |                |               
|Cash and cash equivalents, ending                                               | $50,443        | $55,641       
|                                                                                |                |               

The accompanying notes are an integral part of this statement









Boston Capital Tax Credit Fund II Limited Partnership
STATEMENTS OF CASH FLOWS
Nine Months Ended December 31,
(Unaudited)Series 14



|                                                                                | 2000        | 1999        
|------------------------------------------------------------------------------- | ----------- | ------------
|Cash Flows from operating activities:                                           |             |             
|                                                                                |             |             
|Net Loss                                                                        | (1,982,530) | $(2,400,212)
|Adjustments                                                                     |             |             
|Distributions from Operating
        Partnerships                               | 4,841       | 23,990      
|Amortization                                                                    | 21,892      | 21,892      
|Share of Loss from Operating
        Partnerships                               | 1,390,541   | 1,806,193   
|Changes in assets and liabilities                                               |             |             
|(Decrease) Increase in accounts
        payable                                 | 588,896     | 676,133     
|(Decrease) Increase in other 
        assets                                    | (110,696)   | (126,376)   
|                                                                                |             |             
|Net cash (used in) provided by 
        operating activities                    | (87,056)    | 1,620       
|                                                                                |             |             
|                                                                                |             |             
|Cash Flows from investing activities:                                           |             |             
|                                                                                |             |             
|Capital contributions paid to 
     Operating Partnerships                      | -           | (100,000)   
|Advances (made to) repaid from
     Operating Partnerships                      | -           | -           
|                                                                                |             |             
|Net cash (used in) provided by
     investing activities                        | -           | (100,000)   
|                                                                                |             |             
|Cash flows from financing activity:                                             |             |             
|                                                                                |             |             
|Credit adjusters received from
     (refunded to) Operating 
      Partnerships | -           | 607         
|                                                                                |             |             
|Net cash (used in)provided by
        financing activity                        | -           | 607         
|                                                                                |             |             
|                                                                                |             |             
|INCREASE (DECREASE) IN CASH AND
        CASH EQUIVALENTS                        | (87,056)    | (97,773)    
|                                                                                |             |             
|Cash and cash equivalents, beginning                                            | 592,155     | 668,259     
|                                                                                |             |             
|Cash and cash equivalents, ending                                               | $505,099    | $570,486    
|                                                                                |             |             

The accompanying notes are an integral part of this statement







Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS

December 31, 2000

(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").  The general partner of the
Partnership is Boston Capital Associates II Limited Partnership and the
limited partner is BCTC II Assignor Corp. (the "Assignor Limited Partner").

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 December 31, 2000
and for the three and nine 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)



December 31, 2000

(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 December 31, 2000, the
Partnership has accumulated unallocated acquisition amortization totaling
$279,229. The breakdown of accumulated unallocated acquisition amortization
within the Partnership as of December 31, 2000 for Series 9, Series 10,
Series 11, Series 12, and Series 14 is $5,002, $19,788, $10,030, $76,572, and
$167,838, 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 December 31, 2000 and 1999 are as follows:



|          | 2000        | 1999       
|--------- | ----------- | -----------
|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)

December 31, 2000

(Unaudited)

Accounts payable - affiliates at December 31, 2000 and 1999 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 December 31, 2000, an affiliate of the general partner advanced a
total of $332,374 to the Partnership to pay certain operating expenses and 
make advances and/or loans to Operating Partnerships. During the quarter ended December 31, 2000 $22,028 was advanced to series 7.  Below is a table that breaks down the advances, by series as of December 31, 2000.



|          | 2000    
|--------- | --------
|Series 7  | $140,447
|Series 12 | 62,550  
|Series 14 | 128,840 
|          |         
|          | $332,374



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)  
December 31, 2000

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS

At December 31, 2000 and 1999 the Partnership had limited partnership
interests in 309 Operating Partnerships which own apartment complexes. The 
number of Operating Partnerships in which the Partnership had limited 
partnership interests at December 31, 2000 and 1999 by series is as follows:



|          | 2000 | 1999
|--------- | ---- | ----
|Series 7  | 15   | 15  
|Series 9  | 55   | 55  
|Series 10 | 45   | 45  
|Series 11 | 40   | 40  
|Series 12 | 53   | 53  
|Series 14 | 101  | 101 
|          |      |     
|          | 309  | 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 December 31, 2000 and 1999 by series are as
follows:

|          | 2000     | 1999    
|--------- | -------- | --------
|Series 7  | $      - | $      -
|Series 9  | -        | 4,590   
|Series 10 | -        | -       
|Series 11 | 22,528   | 22,528  
|Series 12 | 11,405   | 11,405  
|Series 14 | 227,170  | 229,894 
|          |          |         
|          | $261,103 | $263,827
|          |          |         



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 nine months ended September 30, 2000.

















Boston Capital Tax Credit Fund II Limited Partnership

NOTES TO FINANCIAL STATEMENTS

December 31, 2000

(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,

(Unaudited)

Series7



|                                                                                     | 2000         | 1999        
|------------------------------------------------------------------------------------ | ------------ | ------------
|                                                                                     |              |             
|Revenues                                                                             |              |             
|Rental                                                                               | $  1,542,830 | $  1,502,297
|Interest and other                                                                   | 103,284      | 53,735      
|                                                                                     |              |             
|                                                                                     | 1,646,114    | 1,556,032   
|                                                                                     |              |             
|Expenses                                                                             |              |             
|Interest                                                                             | 562,119      | 478,592     
|Depreciation and amortization                                                        | 524,757      | 511,613     
|Operating expenses                                                                   | 1,078,868    | 984,013     
|                                                                                     | 2,165,744    | 1,974,218   
|                                                                                     |              |             
|NET LOSS                                                                             | $(519,630)   | $(418,186)  
|                                                                                     |              |             
|Net loss allocated to Boston  
   Capital Tax Credit Fund 
   II Limited Partnership | $(127,978)   | $(167,920)  
|                                                                                     |              |             
|                                                                                     |              |             
|Net loss allocated to other 
   Partners                                             | $(5,196)     | $(4,182)    
|                                                                                     |              |             
|Net loss suspended                                                                   | $(386,456)   | $(246,084)  

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
December 31, 2000
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series9



|                                                                                   | 2000          | 1999         
|---------------------------------------------------------------------------------- | ------------- | -------------
|                                                                                   |               |              
|Revenues                                                                           |               |              
|Rental                                                                             | $   7,806,972 | $   7,486,239
|Interest and other                                                                 | 318,282       | 297,824      
|                                                                                   |               |              
|                                                                                   | 8,125,254     | 7,784,063    
|                                                                                   |               |              
|Expenses                                                                           |               |              
|Interest                                                                           | 2,263,243     | 2,258,769    
|Depreciation and amortization                                                      | 2,779,441     | 2,819,807    
|Operating expenses                                                                 | 4,835,407     | 5,043,244    
|                                                                                   | 9,878,091     | 10,121,820   
|                                                                                   |               |              
|NET LOSS                                                                           | $(1,752,837)  | $(2,337,757) 
|                                                                                   |               |              
|Net loss allocated to Boston  
  Capital Tax Credit Fund 
  II Limited Partnership | $(823,506)    | $(1,390,642) 
|                                                                                   |               |              
|                                                                                   |               |              
|Net loss allocated to other 
   Partners                                           | $(17,528)     | $(23,378)    
|                                                                                   |               |              
|Net loss suspended                                                                 | $(911,803)    | $(923,737)   





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
December 31, 2000
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 10

|                                                                                    | 2000         | 1999        
|----------------------------------------------------------------------------------- | ------------ | ------------
|                                                                                    |              |             
|Revenues                                                                            |              |             
|Rental                                                                              | $  5,722,919 | $  5,660,804
|Interest and other                                                                  | 318,769      | 199,822     
|                                                                                    |              |             
|                                                                                    | 6,041,688    | 5,860,626   
|                                                                                    |              |             
|Expenses                                                                            |              |             
|Interest                                                                            | 1,476,559    | 1,561,954   
|Depreciation and amortization                                                       | 1,848,608    | 1,770,494   
|Operating expenses                                                                  | 3,509,470    | 3,245,993   
|                                                                                    | 6,834,637    | 6,578,441   
|                                                                                    |              |             
|NET LOSS                                                                            | $(792,949)   | $(717,815)  
|                                                                                    |              |             
|Net loss allocated to Boston  
   Capital Tax Credit Fund 
  II Limited Partnership | $(372,752)   | $(334,687)  
|                                                                                    |              |             
|                                                                                    |              |             
|Net loss allocated to other 
   Partners                                            | $(7,929)     | $(7,178)    
|                                                                                    |              |             
|Net loss suspended                                                                  | $(412,268)   | $(375,950)  



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
December 31, 2000
(Unaudited)

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)

COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 11



|                                                                                     | 2000         | 1999        
|------------------------------------------------------------------------------------ | ------------ | ------------
|                                                                                     |              |             
|Revenues                                                                             |              |             
|Rental                                                                               | $  4,842,319 | $  4,809,394
|Interest and other                                                                   | 265,097      | 262,730     
|                                                                                     |              |             
|                                                                                     | 5,107,416    | 5,072,124   
|                                                                                     |              |             
|Expenses                                                                             |              |             
|Interest                                                                             | 1,372,416    | 1,509,675   
|Depreciation and amortization                                                        | 1,835,319    | 1,774,098   
|Operating expenses                                                                   | 3,204,521    | 2,976,940   
|                                                                                     | 6,412,256    | 6,260,713   
|                                                                                     |              |             
|NET LOSS                                                                             | $(1,304,840) | $(1,188,589)
|                                                                                     |              |             
|Net loss allocated to Boston  
   Capital Tax Credit Fund 
   II Limited Partnership | $(625,064)   | $(699,495)  
|                                                                                     |              |             
|                                                                                     |              |             
|Net loss allocated to other 
   Partners                                             | $(13,048)    | $(11,886)   
|                                                                                     |              |             
|Net loss suspended                                                                   | $(666,728)   | $(477,208)  







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
December 31, 2000
(Unaudited)
NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)
COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 12

|                                                                                | 2000         | 1999        
|------------------------------------------------------------------------------- | ------------ | ------------
|                                                                                |              |             
|Revenues                                                                        |              |             
|Rental                                                                          | $  5,440,433 | $  5,223,222
|Interest and other                                                              | 232,397      | 247,813     
|                                                                                |              |             
|                                                                                | 5,672,830    | 5,471,035   
|                                                                                |              |             
|Expenses                                                                        |              |             
|Interest                                                                        | 1,448,802    | 1,490,947   
|Depreciation and amortization                                                   | 1,976,576    | 1,917,672   
|Operating expenses                                                              | 3,469,747    | 3,258,975   
|                                                                                | 6,895,125    | 6,667,594   
|                                                                                |              |             
|NET LOSS                                                                        | $(1,222,295) | $(1,196,559)
|                                                                                |              |             
|Net loss allocated to Boston
Capital Tax Credit Fund 
   II Limited Partnership | $(755,993)   | $(751,815)  
|                                                                                |              |             
|                                                                                |              |             
|Net loss allocated to other 
   Partners                                        | $(12,223)    | $(11,966)   
|                                                                                |              |             
|Net loss suspended                                                              | $(454,079)   | $(432,778)  







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
December 31, 2000
(Unaudited)
NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS (continued)
COMBINED SUMMARIZED STATEMENTS OF OPERATIONS
Nine months ended September 30,
(Unaudited)

Series 14

|                                                                                     | 2000          | 1999        
|------------------------------------------------------------------------------------ | ------------- | ------------
|                                                                                     |               |             
|Revenues                                                                             |               |             
|Rental                                                                               | $  11,443,442 | $ 11,225,395
|Interest and other                                                                   | 547,879       | 491,025     
|                                                                                     |               |             
|                                                                                     | 11,991,321    | 11,716,420  
|                                                                                     |               |             
|Expenses                                                                             |               |             
|Interest                                                                             | 3,277,798     | 3,323,912   
|Depreciation and amortization                                                        | 3,757,807     | 4,131,616   
|Operating expenses                                                                   | 7,249,200     | 6,881,123   
|                                                                                     | 14,284,805    | 14,336,651  
|                                                                                     |               |             
|NET LOSS                                                                             | $(2,293,484)  | $(2,620,231)
|                                                                                     |               |             
|Net loss allocated to Boston  
   Capital Tax Credit Fund 
   II Limited Partnership | $(1,390,541)  | $(1,806,193)
|                                                                                     |               |             
|                                                                                     |               |             
|Net loss allocated to other 
   Partners                                             | $(22,935)     | $(26,202)   
|                                                                                     |               |             
|Net loss suspended                                                                   | $(880,008)    | $(787,836)  







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)
December 31, 2000
(Unaudited)

NOTE E - TAXABLE LOSS

The taxable loss for the fiscal year ended March 31, 2001 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 December 31, 2000 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 December 31, 2000 in the amount of $8,802. 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 remaining $5,100 represents transfer fee income.

The Partnership has recorded $379,721 as payable to affiliates, which 
represents advances to pay certain third party operating expenses, make 
advances and/or loans to Operating Partnerships, and accrued overhead 
allocations.  The breakout between series is: $154,617 in Series 7, none in 
Series 9 and 10, $401 in Series 11, $95,863 in Series 12, and $128,840 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 December 31, 2000 the Partnership had $719,397 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         | 15                   | $  5,612          
|9      | 41,574,018   | 4,178,029  | 05/04/90         | 55                   | 342,168           
|10     | 24,288,997   | 2,428,925  | 08/24/90         | 45                   | 110,514           
|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 |                  | 309                  | $719,397          
|       |              |            |                  |                      |                   



(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 December 31, 2000 and 1999 the Partnership held limited partnership
interests in 309 Operating Partnerships. 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 December 31, 2000 and 1999 were $628,284 and
$608,627, 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 December 31, 2000 and 1999, the average Qualified Occupancy
for the series was 100% for both years.  The series had a total of 15 
properties all of which were 100% at December 31, 2000.

For the nine months being reported the series reflects a net loss from the 
Operating Partnerships of $519,630. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of 
$5,127. This is an interim period estimate; it is not necessarily indicative 
of the final year end results.

A June site inspection of Metropole Apartments Associates LP (the Metropole Apartments) by the lender revealed deferred maintenance issues.  In response to the lender's inspection, representatives of the Operating General Partner and the Investment
General Partner inspected the property in August.  Minor repairs were made at the property, and it passed a follow up inspection by the lender in October.  During the fourth quarter, the City of Miami issued code violations as a result of other deferred
maintenance items.  To address these issues, the Operating General Partner has requested that a capital needs assessment be performed on the property.  Once the assessment has been completed and analyzed by the Operating General Partner and the Investment
General Partner, they will work together to resolve any potential issues.  The Investment General Parter will continue to monitor this partnership.

As a result of poor occupancy at the property, the Operating Partnership, New Holland Apartments Limited Partnership (New Holland Apartments.),suffers from cash flow deficits and the senior mortgage is in default. In an effort to address the
delinquency, the Investment General Partner attempted to work with the lender for more favorable terms, but to no avail. Due to the operating deficits and the mortgagors unwillingness to work with the Investment General Partner or to accept a deed in lieu
of foreclosure, the bank moved to foreclose on the property. Due to a lack of perceived value in the vacant property, the bank decided against continuing its foreclosure proceeding at the present time. During this reprieve, the Investment General Partner
is working to locate a replacement General Partner. The first mortgage holder is examining all options available to it, including foreclosure. Due to the fact that the property was vacant for most of 1999 and there are uncured health and safety
violations. The Investment Limited Partnership faced recapture of a portion of the credits previously taken. As the property remained vacant in 2000 the Partnership will be unable to take credits for this year. Additionally the Investment General Partner
is unlikely to remain in the Partnership, therefore future credits are not anticipated from New Holland Apts, L.P.



(Series 9)  As of December 31, 2000 and 1999, the average Qualified Occupancy
for the series was 99.7% for both years. The series had a total of 55 
properties at December 31, 2000. Out of the total, 50 were at 100% Qualified 
Occupancy.

For the nine months being reported the series reflects a net loss from the
Operating Partnerships of $1,752,837. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of
$1,026,604.  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 
completed the capital improvements program and improved the tenant selection 
criteria. As a result, physical occupancy at the property has improved and 
should continue to improve in 2001. As of December 31, 2000 occupancy was 
96% and averaged 80% for 2000. The fourth quarter of 2000 average occupancy 
was 91%, which continued to steady the improvement in the physical occupancy 
during the past six months. The property management team, at the direction of 
the Operating General Partner, evicted tenants with delinquent rents, which 
resulted in higher maintenance and administrative costs than budgeted for 
2000. However, based on the improved occupancy and improved tenant selection 
criteria, the property's operation should improve in 2001. The Operating 
General Partner continues to fund any operating cash deficits.

As a result of poor occupancy at the property, the Operating Partnership, New 
Holland Apartments Limited Partnership (New Holland Apartments.),suffers from 
cash flow deficits and the senior mortgage is in default. In an effort to 
address the delinquency, the Investment General Partner attempted to work with 
the lender for more favorable terms, but to no avail. Due to the operating 
deficits and the mortgagor's unwillingness to work with the Investment General

Partner or to accept a deed in lieu of foreclosure, the bank moved to 
foreclose on the property. Due to a lack of perceived value in the vacant 
property, the bank decided against continuing its foreclosure proceeding at 
the present time. During this reprieve, the Investment General Partner is 
working to locate a replacement General Partner. The first mortgage holder is 
examining all options available to it, including foreclosure. Due to the fact 
that the property was vacant for most of 1999 and there are uncured health and 
safety violations. The Investment Limited Partnership faced recapture of a

portion of the credits previously taken. As the property remained vacant in 2000 the Partnership will be unable to take credits for this year. Additionally the Investment General Partner is unlikely to remain in the Partnership, therefore future
credits are not anticipated from New Holland Apts, L.P.

The Operating Partnership Glennwood Hotel Investors (Glennwood Hotel)operated 
with an average occupancy of 62% for the year 2000.  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 infeasible, 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.  The Operating General Partner continues to financially support the
partnership. The Investment General Partner continues to monitor this 
situation.



Series 10)  As of December 31, 2000 and 1999, the average Qualified
Occupancy for the series was 99.9% and 99.8%, respectively. The series had a 
total of 45 properties at December 31, 2000, Out of the total,44 were at 100%
Qualified Occupancy.

For the nine months being reported the series reflects a net loss from the
Operating Partnerships of $792,949. When adjusted for depreciation which is
a non-cash item, the Operating Partnerships reflect positive operations of
$1,055,659.  This is an interim period estimate; it is not necessarily
indicative of the final year end results.

The 1999 audited financial statements for 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 has accumulated payables and 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 $5,255 as of December 31, 2000. The 
tenant receivables have been reduced from $7,305 as of December 31, 1999 to 
$1,406 as of December 31, 2000 as a result of improved collections. The 
Operating General Partner continues to work with Rural Development to 
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.

(Series 11)  As of December 31, 2000 and 1999 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 December 31, 2000.

For the nine months being reported the series reflects a net loss from the 
Operating Partnerships of $1,304,840. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of 
$530,479.  This is an interim period estimate; it is not necessarily 
indicative of the final year end results.

Ivan Woods Limited Partnership(Ivan Woods Senior Apartments) received a Form
8823, Low Income Housing Credit Agencies Report of Non-compliance, on

September 1, 1999. The non-compliance involved five units and occurred during 
the first eighteen months of the compliance period. All units are now in 
compliance and all cases of non-compliance were cured prior to year-end 1999. 
A reduction to the tax credits claimed for the year 2000 will be made to 
reflect the period of non-compliance.

A June site inspection of London Arms/Lyn Mar Limited (London Arms Apartments) by the lender revealed deferred maintenance issues.  In response to the lender's inspection, representatives of the Operating General Partner and the Investment General
Partner inspected the property in August.  Minor repairs were made at the property, and it passed a follow up inspection by the lender in October.  In addition, the Operating General Partner requested that a capital needs assessment be performed on the
property.  Once the assessment has been completed and analyzed by the Operating General Partner and the Investment General Partner, they will work together to resolve any potential issues.  The Investment General Partner will continue to monitor this
partnership.

(Series 12)  As of December 31, 2000 and 1999 the average Qualified
Occupancy for the series was 99.9% for both years. The series had a 
total of 53 properties at December 31, 2000, 51 of which were at 100%
qualified occupancy.

For the nine months being reported the series reflects a net loss from the
Operating Partnerships of $1,222,295. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of 
$754,281.  This is an interim period estimate; it is not necessarily 
indicative of the final year end results.

Ivan Woods Limited Partnership(Ivan Woods Senior Apartments) received a Form
8823, Low Income Housing Credit Agencies Report of Non-compliance, on 
September 1, 1999. The non-compliance involved five units and occurred during 
the first eighteen months of the compliance period. All units are now in 
compliance and all cases of non-compliance were cured prior to year-end 1999. 
A reduction to credits claimed for the year 1999 was made to reflect the 
period of non-compliance.

(Series 14)  As of December 31, 2000 and 1999 the average Qualified
Occupancy for the series was 99.8% and 98.8%, respectively. The series had a
total of 101 properties at December 31, 2000, 97 of which were at 100%
Qualified Occupancy.

For the nine months being reported the series reflects a net loss from the
Operating Partnerships of $2,293,484. When adjusted for depreciation, which is
a non-cash item, the Operating Partnerships reflect positive operations of
$1,464,323.  This is an interim period estimate; it is not necessarily indicative of the final year end results.

Lakewood Terrace Limited Partnership (Lakewood Terrace Apartments) operated at
breakeven during 2000. Occupancy for the fourth quarter of 2000 continues to 
be strong at 100%. The Operating General Partner has been successful in 
securing a four (4) year rental assistance contract with HUD and has also been granted a 2.2% rental increase. The lease renewals for the last quarter of 2000 will be affected by the rental increase. The increase in rents and continued high occupancy has
financially assisted the partnership.

The properties owned by Glenhaven Park Partners, A California LP (Glenhaven 
Estates), Haven Park Partners II, A California LP (Glenhaven Park II), Haven 
Park Partners III, A California LP (Glenhaven Park III), and Haven Park 
Partners IV, A California LP (Glenhaven Park) continue to suffer from 
excessive operating expenses compared to operating income. Effective October 
2000, San Mar Properties of Fresno, CA assumed the role of management agent. 
The Investment Limited Partner is finalizing negotiations with San Mar to 
assume the Operating General Partner interest. It is anticipated that the localized management presence will allow the properties to operate in a more effective manner. As of December 31, 2000 physical occupancy at Haven Park II was 80%.  Occupancy at
Haven Park III and Haven Park IV has stabilized at 100%.  Occupancy at Glenhaven Park Partners was 92%.

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.



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, 2000.



In August of 2000, Toano III Limited Partnership(Burnt Ordinary Village) 
received several forms 8823's Low Income Housing Credit Agencies Report of 
Non-Compliance. Non-compliance issues occurred while qualifying two residents. All non-compliance issues have been corrected and the Investment General Partner does not anticipate an impact to the fund.







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 the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

BOSTON CAPITAL TAX CREDIT 
                             FUND II LIMITED PARTNERSHIP



By:  Boston Capital Associates II Limited
                                  Partnership



By:  C&M Associates d/b/a 
                                  Boston Capital Associates



Date:   February 20, 2001    By:  /S/ John P. Manning

________________________

John P. Manning,
                                  Partner & Principal Financial
                                  Officer