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, 1998    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)


                    6210 Campbell Road Suite 140
                         Dallas, Texas  75248

              (Address of principal executive offices)


Registrant's telephone number, including area code:  (972) 380-8000.


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, 1998 and
    December 31, 1997                                                Page 3

     Consolidated Statements of Operations for the Three and Six
     Months ended June 30, 1998 and December 31,1997                 Page 4

     Consolidated Statements of Cash Flows for the Six months
      Ended June 30, 1998 and 1997                                   Page  5



Item 2.  Results of Operations and Management's Discussion and
         Analysis of Financial Condition                              Page 6

     Liquidity and Capital Resources                                  Page 8

     Other Information                                                Page 9

     Signatures                                                       Page 10

The statements, insofar as they relate to the period subsequent to
December 31, 1997 are Unaudited.



PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements

                           AMRECORP REALTY FUND II
                    Condensed Consolidated Balance Sheets
                                  
                                       June 30,         December 31,
                                         1998               1997
                                     (Unaudited)            
                                                        
ASSETS                                                        
                                                              
Real Estate assets, at cost                  $580,045          $580,045
Land                                        4,560,894         4,560,894
Buildings and improvements                  5,140,939         5,140,939
 Less: Accumulated depreciation            (2,635,125)       (2,539,125)
Real estate, net                            2,505,814         2,601,814
Investments in Real Estate Held for sale
Cash including cash investments               133,045           593,721
Escrow deposits                               142,588           154,681
Deferred Costs and Fees                        45,615            49,036
Other assets                                   12,216             8,796
                                                              
            Total assets                   $2,839,278         3,408,048
                                                              
                                                              
LIABILITIES AND PARTNERS'EQUITY:
                                                              
LIABILITIES:                                                  
Mortgage and notes payable                 $2,379,920        $2,396,692
Payable to Affiliates                               0             8,774
Interest payable                                    0            18,624
Real estate taxes payable                      40,461                 0
Security deposits                              17,518            16,800
Accounts payable and accrued                   76,019           124,025
expenses
                                                              
       Total liabilities                    2,513,918         2,564,915
PARTNERS CAPITAL (DEFICIT):                                   
Limited Partners                              415,353           933,039
General Partners                              (89,993)          (89,906)
                                                              
Total Partners Capital (Deficit)              834,400           843,133
                                                              
                                                              
Total Liability and Partners Equity        $2,839,278        $3,408,048

                                                              
                                                              
      See notes to Condensed Consolidated Financial Statements
                                  
                                  
                                  
                       AMRECORP REALTY FUND II
           Condensed Consolidated Statement of Operations
                             (Unaudited)
                                                                    
                                      
                              Three Months Ended      Six Months Ended
                                   June 30                June 30,
                                1998    1197           1998    1997

REVENUES
                                                                    
         Rental income              $189,531     $180,125  $372,463  $412,066
         Other property               18,325       15,990    26,127    23,123
            Total revenues           207,856      196,115   398,590   435,189
                                                                    
EXPENSES                                                            
         Salaries & wages              14,993       21,355    27,886   51,208
         Maintenance & repairs         17,787       16,608    38,730   50,957
         Utilities                      7,326        7,166    15,243   22,567
         Real estate taxes             20,250       17,400    40,500   38,586
         General administrative        12,975        9,797    25,653   27,204
         Contract services             10,426       11,034    21,039   23,841
         Insurance                      4,054        8,649     8,827   13,818
         Interest                      55,488       56,240   111,170  155,493
         Depreciation and amortization 48,000       35,000    96,000   82,000
         Property management fees       9,643        9,089    18,854   20,721
         Amortization of deferred       1,710        1,710     3,421    4,001
         costs and fees
                                                                    
            Total expenses            202,652      194,048   407,323  490,396
                                                                    
NET INCOME BEFORE EXTRAORDINARY ITEM   $5,204       $2,067   ($8,733) (55,207)

                                                    
GAIN ON SALE OF PROPERTY                  0            0        0   1,293,522
                                                                     
  NET INCOME (LOSS)                   $5,204      $2,067  ($8,733) $1,238,315
 

  NET INCOME PER SHARE                $ 0.36     $0.14      $ (0.60)   $85.14 
                                  

      See Notes to Condensed Consolidated Financial Statements


                                  
                                  
                                  
                                  
                       AMRECORP REALTY FUND II
           Condensed Consolidated Statement of Cash Flows
                              Unaudited
                                                                   
                                                                   
                                                   Six Months Ended  
                                                       June 30,      
                                                 1998           1997
                                                                   
CASH FLOWS FROM OPERATING ACTIVITY                                 
Net income (loss)                                 ($8,733)     $1,238,315
Adjustments to reconcile net income (loss)                         
to net cash
provided by operating activities:                                  
Depreciation and amortization                     96,000         82,000
Gain on Sale of Asset                                        (1,293,522)
Net Effect of changes in operating accounts
Escrow deposits                                   12,093         14,677
Deferred Costs                                     3,421         33,600
Accrued real estate taxes                         40,461         34,800
Security deposits                                    718        (23,350)
Accounts payable                                 (48,006)       (72,891)
Other assets                                      (3,420)         3,300
                                                                   
   Net cash used by operating activities          92,534         16,929
                                                                   
CASH FLOWS FROM INVESTING ACTIVITIES                               
Proceeds from Sale of Asset                                   4,155,766
   Net cash used by operating activities               0      4,155,766
                                                                   
CASH FLOWS FROM FINANCING ACTIVITIES                               
Repayment of mortgage notes payable             (16,772)     (2,644,311)
Distribution to Limited Partners               (509,040)     (1,454,400)
Proceeds from amounts due affiliates             (8,774 )        (6,854)
Increase in accrued interest                    (18,624)        (35,827)
 Net cash provided by investing activities     (553,210)     (4,141,392)       
                                                                   
NET INCREASE (DECREASE) IN CASH AND CASH        460,076          31,303
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF PEROID  593,721        362,135
                                                                   
CASH AND CASH EQUIVALENT, END OF PERIOD        $133,045       $393,438
                                                                   
                                  
      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 MANAGEMENT'S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION

Results of Operations

At June 30, 1998 the Partnership owned one property. The Chimney
Square Apartment community aggregate approximately 126,554 net
rentable square feet.

The occupancy of Chimney square was 98.0% as of June 30, 1998
compared to 89.0% June 30, 1997.

SECOND QUARTER 1998 COMPARED TO SECOND QUARTER 1997

Revenue from property operations increased $11,741 or 5.99%, for the
second quarter of 1998, as compared to the 1997 second quarter. The
increase in rental income of $9,406 or 5.22% is primarily due to
increased occupancy and higher rental rates.  Other income increased
$2,335 or 14.6% primarily due to increased late charges along with
other fees.   The following table illustrates the components:

                   Increase         Per Cent
                   (Decrease)        Change
                                        
Rental income        9,406         5.22%
Other property       2,335        14.60%
                    11,741         5.99%
                                  
Property  operating  expenses increased $8,604  or  4.43%,  for  the
second  quarter  of 1998, as compared to the same  period  in  1997,
primarily  due to increased depreciation.  Salaries and  wages  were
lower  by  $6,362 or 29.79% primarily due to staff reductions.   The
following table illustrates the components by category:

                   Increase             
                   (Decrease)
                                        
Salaries & wages           (6,362)         29.79%
Maintenance & repairs       1,179           7.10%
Utilities                     160           2.23%
Real estate taxes           2,850          16.38%
General administrative      3,178          32.44%
Contract services            (608)          5.51%
Insurance                  (4,595)         53.13%
Interest                     (752)          1.34%
Depreciation and           13,000          37.14%
amortization            
Property management fees      554           6.10%
Net Increase (Decrease)     8,604           4.43%




FIRST SIX MONTHS 1998 COMPARED TO FIRST SIX MONTHS 1997


Revenue from property operations decreased $36,599 or 8.41%, for the
first six months of 1998, as compared to the 1997 the first six
months. The decrease in Rental income of $39,603 or 9.61% is
primarily due the sale of the Shorewood Apartments, an apartment
complex located in Charlotte, North Carolina.   The following table
illustrates the components:

                          Increase          Per Cent
                          (Decrease)         Change
                       
                                                 
Rental income             (39,603)          9.61%
Other property              3,004          12.99%
                          (36,599)          8.41%

                                  
Property operating expenses decreased $82,493 or 16.82%, for the six
months of 1998, as compared to the same period in 1997, primarily
due to the sale of the Shorewood Apartments, an apartment complex
located in Charlotte, North Carolina.  The following table
illustrates the components by category:

                          Increase               
                          (Decrease)
                                                 
Salaries & wages                      (23,322)          45.54%
Maintenance & repairs                 (12,227)          23.99%
Utilities                              (7,324)          32.45%
Real estate taxes                        1,914           4.96%
General administrative                 (1,551)           5.70%
Contract services                      (2,802)          11.75%
Insurance                              (4,991)          36.12%
Interest                              (44,323)          28.50%
Depreciation and amortization          14,000           17.07%
amortization
Property management fees               (1,867)           9.01%
Net Increase (Decrease)               (82,493)          16.82%
                                                 


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 was 1.3 million dollars
resulting in cash distribution of $100.00 per unit.

As of June 30, 1998, the Partnership had $133,045 in cash and cash
equivalents as compared to $593,721 as of December 31  1997.  The
net decrease in cash of $460,676 is principally due to a
distribution of $509,040 as of June 30,1998.

The property is encumbered by non-recourse mortgage as of June 30,
1998, with an interest rate of 9.325%.

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 Amrecorp's financial difficulties might have on the
partnership. Management of the Partnership's assets is performed by
Univesco, Inc., a Texas corporation, Robert J. Werra, President.

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. Management's 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.
                   (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 10, 1998

















[ARTICLE] 5
[LEGEND]
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BOTH
THE JUNE 30, 1998 BALANCE SHEET AND STATEMENT OF INCOME AND EXPENSES
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
[/LEGEND]
[CIK] 0000745061
[NAME] AMRECORP REALTY FUND II
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   3-MOS
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               JUN-30-1998
[CASH]                                         133,045
[SECURITIES]                                         0
[RECEIVABLES]                                        0
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                                     0
[PP&E]                                       5,140,939
[DEPRECIATION]                               2,635,125
[TOTAL-ASSETS]                               2,839,278
[CURRENT-LIABILITIES]                                0
[BONDS]                                      2,379,920
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[COMMON]                                             0
[OTHER-SE]                                     834,400
[TOTAL-LIABILITY-AND-EQUITY]                 2,839,278
[SALES]                                              0
[TOTAL-REVENUES]                               207,856
[CGS]                                                0
[TOTAL-COSTS]                                        0
[OTHER-EXPENSES]                               147,164
[LOSS-PROVISION]                                     0
[INTEREST-EXPENSE]                              55,488
[INCOME-PRETAX]                                      0
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                                  0
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                   (5,204)
[EPS-PRIMARY]                                    (.36)
[EPS-DILUTED]                                        0
</TABLE>