SECURITIES AND EXCHANGE COMMISSION

                     Washington, DC  20549

                           FORM 10-Q

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

     For Quarter Ended June 30, 2002    Commission file number 2-90654

                    AMRECORP REALTY FUND II

    (Exact name of registrant as specified in its charter)

              TEXAS                     75-1956009
 (State or other jurisdiction of      (IRS Employer
  incorporation or organization       Identification
                                         Number)

                 2800 N. Dallas Pkwy Suite 100
                    Plano, Texas  75093-4707

           (Address of principal executive offices)


Registrant's telephone number, including area code:  (972)836-8000.


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:  Y        No:


              REGISTRANT IS A LIMITED PARTNERSHIP

                      TABLE OF CONTENTS




Item 1.  Financial Statements


The following Unaudited financial statements are filed
herewith:

    Consolidated Balance Sheet as of June 30, 2002 and
    December 31, 2001                                               Page 3

    Consolidated Statements of Operations for the Three and
    Six months Ended June 30, 2002 and 2001                         Page 4

    Consolidated Statements of Cash Flows for the Six months
    Ended June 30, 2002 and 2001                                    Page 5



Item 2.  Results of Operations and Managements Discussion and
         Analysis of

    Financial Condition                                             Page 6

    Liquidity and Capital Resources                                 Page 7

    Other Information                                               Page 8

    Signatures                                                      Page 9

The statements, insofar as they relate to the period subsequent
to December 31, 2001 are Unaudited.


PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements

                    AMRECORP REALTY FUND II
             Condensed Consolidated Balance Sheets


                                               June 30,       December 31,
                                                 2002            2001
                                             (Unaudited)

ASSETS

Real Estate assets, at cost

Land                                          $580,045          $580,045
Buildings and improvements                   4,678,271         4,678,271

                                             5,258,316         5,258,316

Less: Accumulated depreciation              (3,398,996)       (3,302,996)
Real estate, net                             1,859,320         1,955,320

Cash including cash investments                203,439           142,797
Escrow deposits                                198,967           208,514
Deferred Costs and Fees                         50,073            21,667
Other assets                                     1,150            10,444

           Total assets                     $2,312,949        $2,338,742



LIABILITIES AND PARTNERS'
EQUITY:

LIABILITIES:
Mortgage and notes payable                  $2,212,331        $2,240,377
Payable to Affiliates                            1,126             1,242
Interest payable                                     0            17,410
Real estate taxes payable                       57,498                 0
Security deposits                               20,856            19,501
Accounts payable and accrued                    87,063           158,274
expenses

      Total liabilities                      2,378,874         2,436,804

PARTNERS CAPITAL (DEFICIT):
Limited Partners                                 8,010           (23,806)
General Partners                               (73,935)          (74,256)

Total Partners Capital                         (65,925)          (98,062)
(Deficit)


Total Liability and Partners Equity         $2,312,949        $2,338,742



    See notes to Condensed Consolidated Financial Statements




                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Operations
                          (Unaudited)

                                  Three Months          Six Months
                                  Ended June 30,        Ended June 30,

                                 2002       2001       2002       2001

Rental income                $215,722   $214,907   $435,300   $420,658
Other property                  5,567      8,930      9,910     15,615

  Total revenues              221,289    223,837    445,210    436,273



Salaries & wages               18,478     16,868     39,928     36,191
Maintenance & repairs           6,724     14,474     11,760     28,013
Utilities                       6,978      7,844     16,118     16,270
Real estate taxes              28,749     25,500     57,498     51,000
General administrative         19,803      8,831     26,414     15,046
Contract services              10,429     10,528     20,484     20,949
Insurance                       8,869      5,285     15,433      9,899
Interest                       51,766     52,848    103,811    105,951
Depreciation and amortization  48,000     48,000     96,000     96,000
Property management fees       10,907     10,957     22,206     21,467
Amortization of deferred
costs and fees                  1,710      1,710      3,421      3,421


  Total expenses              212,413    202,845    413,073    404,207





NET INCOME (LOSS)              $8,876    $20,992    $32,137    $32,066


NET INCOME PER SHARE            $0.61      $1.44      $2.21      $2.20


   See Notes to Condensed Consolidated Financial Statements




                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Cash Flows
                           Unaudited
                                                            Six Months
                                                           Ended June 30,
                                                         2002          2001
CASH FLOWS FROM OPERATING ACTIVITY

Net income (loss)                                     $32,137       $32,066

Adjustments to reconcile net income (loss)
to net cash provided by operating activities:

Depreciation and amortization                          96,000        96,000

Net Effect of changes in operating accounts
Escrow deposits                                         9,547        46,142
Deferred Costs                                        (28,406)      (19,744)
Accrued real estate taxes                              57,498        51,015
Security deposits                                       1,355         1,050
Accounts payable                                      (71,211)      (70,751)
Other assets                                            9,294         6,811

   Net cash used by operating activities              106,214       142,589

CASH FLOWS FROM INVESTING ACTIVITIES

   Net cash used by operating activities                    0             0

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of mortgage notes payable                   (28,046)      (25,558)
Proceeds from amounts due affiliates                     (116)        3,310
Increase in accrued interest                          (17,410)      (17,757)
 Net cash provided by investing activities            (45,572)      (40,005)

NET INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS                                   60,642       102,584

CASH AND CASH EQUIVALENTS,
BEGINNING OF PERIOD                                   142,797       210,193


CASH AND CASH EQUIVALENT, END OF PERIOD              $203,439      $312,777


    See Notes to Condensed Consolidated Financial Statements



Basis of Presentation:

      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,  although  the
Partnership believes that the disclosures are adequate to  make
the information presented not misleading.  It is suggested that
these  condensed  financial statements be read  in  conjunction
with the financial statements and notes thereto included in the
Partnership's latest annual report on Form 10-K.

Item 2. RESULTS OF OPERATIONS AND MANAGEMENTS DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION

Results of Operations

At June 30, 2002 the Partnership owned one property, Chimney
Square Apartments located in Abilene Texas with approximately
126,554 net rentable square feet.

The occupancy of Chimney Square averaged 96.9% during the
second quarter of 2002 as compared to 98.4% for the second
quarter of 2001.

SECOND QUARTER 2002 COMPARED TO SECOND QUARTER 2001

Revenue from property operations decreased $2,548 or 1.14%, for
the  second  quarter of 2002, as compared to  the  2001  second
quarter.   Rental  income increased $815 or 0.38%  from  higher
rental   rates.   Other  income  decreased  $3,363  or   37.66%
primarily  due to decreased late charges and other fees.    The
following table illustrates the components:

                            Increase      Percent
                           (Decrease)     Change

Rental income                 $815         0.38%
Other property              (3,363)       37.66%
                           ($2,548)        1.14%

Property operating expenses increased $9,568 or 4.72%, for  the
second quarter of 2002, as compared to the same period in 2001.
This   was   primarily   due   from   increased   general   and
administrative costs.  General & administrative costs increased
primarily  due  to  partnership  mailings.    Insurance   costs
increased   $3,584   or   67.81%   from   increased   premiums.
Maintenance and repairs decreased $7,750 or 53.54% due to lower
preventive  maintenance repairs needed on the  property.   Real
estate  taxes  increased  due  to  higher  assessments  on  the
property.   The  following table illustrates the components  by
category:

                                   Increase       Percent
                                  (Decrease)      Change


Salaries & wages                    $1,610         9.54%
Maintenance & repairs               (7,750)       53.54%
Utilities                             (866)       11.04%
Real estate taxes                    3,249        12.74%
General administrative              10,972       124.24%
Contract services                      (99)        0.94%
Insurance                            3,584        67.81%
Interest                            (1,082)        2.05%
Depreciation and amortization            0         0.00%
Property management fees               (50)        0.46%
Net Increase                        $9,568         4.72%
(Decrease)


SECOND QUARTER 2001 COMPARED TO SECOND QUARTER 2000

Revenue from property operations decreased $1,067 or 0.47%, for
the  second  quarter of 2001, as compared to  the  2000  second
quarter.  The increase in rental income of $3,186 or  1.50%  is
primarily  due to higher rental rates.  Other income  decreased
$4,253  or  32.26% primarily due to decreased late charges  and
other fees.   The following table illustrates the components:

                             Increase     Percent
                            (Decrease)    Change

Rental income                 $3,186       1.50%
Other property                (4,253)     32.26%
                             ($1,067)      0.47%

Property operating expenses decreased $6,099 or 2.92%, for  the
second quarter of 2001, as compared to the same period in 2000.
This   was   primarily  due  to  a  decrease   in   general   &
administrative  due to decrease postage from partner  mailings.
Insurance  costs  increased $1,215  or  29.85%  from  increased
premiums.   Utilities increased $1,303 or 19.92% due to  higher
gas  costs.  The following table illustrates the components  by
category:

                             Increase     Percent
                            (Decrease)    Change

Salaries & wages                $300       1.81%
Maintenance & repairs         (3,040)     17.36%
Utilities                      1,303      19.92%
Real estate taxes              1,749       7.36%
General administrative        (5,231)     37.20%
Contract services                734       7.49%
Insurance                      1,215      29.85%
Interest                      (1,176)      2.18%
Depreciation and amortization (2,000)      4.00%
Property management fees          47       0.43%
Net Increase                 ($6,099)      2.92%
(Decrease)

LIQUIDITY AND CAPITAL RESOURCES

While  it is the General Partners primary intention to  operate
and  manage  the existing real estate investments, the  General
Partner also continually evaluates this investment in light  of
current  economic conditions and trends to determine  if  these
assets should be considered for disposal.  Accordingly, in 1996
the  Partnership  sold its investment in  the  shopping  center
located  in  Lancaster, Texas, recognizing a loss  of  $10,177.
Shorewood   Apartments,  an  apartment   complex   located   in
Charlotte,  North  Carolina  was sold  in  January  1997.   Net
proceeds  from the sale were 1.3 million dollars  resulting  in
cash distribution of $100.00 per unit.

As  of June 30, 2002, the Partnership had $203,439 in cash  and
cash  equivalents  as compared to $142,797 as  of  December  31
2001.   The net increase in cash of $60,642 is principally  due
to cash flow from operations.

The  property is encumbered by non-recourse mortgage as of June
30,  2002,  with an interest rate of 9.325%. Required principal
payments  on  this  mortgage note for  the  three  years  ended
December   31,   2004,   are  $49,029   $53,082   and   $59,039
respectively.

For  the  foreseeable future, the Partnership anticipates  that
mortgage   principal  payments  (excluding   balloon   mortgage
payments), improvements and capital expenditures will be funded
by  net cash from operations.  The primary source of capital to
fund  future  Partnership  acquisitions  and  balloon  mortgage
payments   will  be  proceeds  from  the  sale,  financing   or
refinancing of the properties.

On  February  7, 1995 the Partnership refinanced  the  loan  on
Chimney Square Apartments. The original loan matured and a  new
$2,475,000 loan bearing interest at 9.325% per year was secured
from Newport Mortgage Company L.P. The loan matures on March 1,
2005.  In  connection with this loan, the lender required,  and
the  Partnership provided, a new single asset partnership known
as Chimney Square Apartments, owned 99% by the Fund.

In  February  1991,  Amrecorp  Realty  Inc.,  resigned  as  the
Managing   General   Partner  of  the   Partnership.   As   was
communicated  to all limited partners, this step was  taken  in
order   to   minimize  any  effect  that  Amrecorps  financial
difficulties might have on the partnership. Management  of  the
Partnerships  assets is performed by Univesco, Inc.,  a  Texas
corporation, Robert J. Werra, CEO.

Management intends to continue operating the Partnership in its
present form while investigating options to improve operations
of the Partnership.



                    Part II

                    Other Information


Item 1.                  Legal Proceedings
                           See Part I Item 2. Managements Discussion
                           and Analysis of Financial Conditions and
                           Results of Operations.

Item 2.                  Changes in Securities.
                           None

Item 3.                  Defaults upon Senior Securities
                           None

Item 4.                  Submission of Matter to a Vote of Security Holders.
                           None

Item 5.                  Other Information.
                           None

Item 6.                  Exhibits and Reports on Form 8-K.
                           None.

                    (A)  The following documents are filed herewith or
                         incorporated herein by reference as indicated
                         as Exhibits:



Exhibit Designation           Document Description

                              Limited Partnership Agreement
                              incorporated by reference to
                              Registration Statement No. 2-90654
                              effective July 6, 1984.

                              Limited Partnership Agreement
                              incorporated by reference to
                              Registration Statement No. 2-90654
                              effective July 6, 1984.

     11                       Not Applicable
     15                       Not Applicable
     18                       Not Applicable
     19                       Not Applicable
     20                       Not Applicable
     23                       Not Applicable









                         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 thereunto duly
     authorized.


                         AMRECORP REALTY FUND II
                         a Texas limited partnership



                         By:  /s/ Robert J. Werra
                              Robert J. Werra,
                              General Partner






     Date:     August 1, 2002