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 March 31, 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 March 31, 1998 and
    December 31, 1997                                       Page 3

     Consolidated Statements of Operations for the Three Months
     Ended March 31, 1998 and 1997                          Page 4

     Consolidated Statements of Cash Flows for the Three months
     Ended March 31, 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 7

     Other Information                                      Page 8

     Signatures                                             Page 9

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
                                  
                                  March 31,   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 (2,587,125)   (2,539,125)
                                 ---------     ---------
Real estate, net                 2,553,814     2,601,814
                                        
                                                       
Cash including cash investments    599,729       593,721
Escrow deposits                    121,082       154,681
Deferred Costs and Fees             47,325        49,036
Other assets                         3,493         8,796
                                 ---------     ---------                      
            Total assets        $3,325,443    $3,408,048
                                 =========     =========
                                                       
                                                       
LIABILITIES AND PARTNERS'                              
EQUITY:
                                                       
LIABILITIES:                                           
Mortgage and notes payable      $2,388,403    $2,396,692
Payable to Affiliates                1,015         8,774
Interest payable                         0        18,624
Real estate taxes payable           20,250             0
Security deposits                   16,950        16,800
Accounts payable and accrued        69,629       124,025
expenses                         ---------     ---------
       Total liabilities         2,593,548     2,564,915
                                 ---------     ---------       
PARTNERS CAPITAL (DEFICIT):                            
Limited Partners                   919,241       933,039
General Partners                   (90,045)      (89,906)
                                 ---------      --------                      
Total Partners Capital (Deficit)   829,196       843,133
                                 ---------      --------                      
                                                       
  Total Liability and Partners  $3,325,443    $3,408,048
      Equity
                                 =========     =========


      See notes to Condensed Consolidated Financial Statements
                                  
                                  
                                  
                       AMRECORP REALTY FUND II
           Condensed Consolidated Statement of Operations
                             (Unaudited)
                                 Three Months Ended
                                     March 31,
REVENUES                          1998        1997
                                                  
          Rental income         $182,932    $231,941
          Other property           7,802       7,133
                                 -------     -------
             Total revenues      190,734     239,074
                                                  
EXPENSES                                          
          Salaries & wages        12,893      29,853
          Maintenance & repairs   20,943      34,349
          Utilities                7,917      15,401
          Real estate taxes       20,250      21,186
          General                 12,678      17,407
          administrative
          Contract services       10,613      12,807
          Insurance                4,773       5,169
          Interest                55,682      99,253
          Depreciation and        48,000      47,000
          amortization
          Property management      9,211      11,632
          fees
          Amortization of          1,711       2,291
          deferred costs and
          fees
                                 -------     -------                 
             Total expenses      204,671     296,348
                                 -------     -------                  
      NET INCOME BEFORE         ($13,937)   ($57,274)
      EXTRAORDINARY ITEM
                                                  
          GAIN ON SALE OF              0   1,293,522
          PROPERTY               -------   ---------                   
      NET INCOME (LOSS)         ($13,937) $1,236,248
                                 =======   =========
                                                  
                                                  
      NET INCOME PER SHARE       $ (0.96)   $  85.00
                                 =======    ========
                                  

      See Notes to Condensed Consolidated Financial Statements


                                  
                                  
                                  
                                  
                       AMRECORP REALTY FUND II
           Condensed Consolidated Statement of Cash Flows
                              Unaudited
                                             Three Months Ended
                                                  March 31,
                                              1998          1997
                                                                   
CASH FLOWS FROM OPERATING ACTIVITY                                 
Net income (loss)                           ($13,937)     $1,236,248
Adjustments to reconcile net income (loss)                         
to net cash
provided by operating activities:                                  
Depreciation and amortization                 48,000          47,000
Gain on Sale of Asset                              0     ($1,293,522)
Net Effect of changes in operating accounts                        
Escrow deposits                               33,599          29,219
Deferred Costs                                 1,711          31,889
Accrued real estate taxes                     20,250          17,400
Security deposits                                150         (23,450)
Accounts payable                             (73,020)        (60,313)
Other assets                                   5,303           6,110
                                             -------       ---------   
   Net cash used by operating activities      22,056          (9,419)
                                             -------       ---------          
CASH FLOWS FROM INVESTING ACTIVITIES                               
Proceeds from Sale of Asset                        0       4,155,766
                                             -------       ---------
   Net cash used by operating activities           0       4,155,766
                                             -------       ---------      
CASH FLOWS FROM FINANCING ACTIVITIES                               
Repayment of mortgage notes payable           (8,289)     (2,636,580)
Repayments from amounts due affiliates        (7,759)              0
Proceeds from amounts due affiliates               0           1,472
Increase in accrued interest                       0         (35,827)
                                             -------       ---------
 Net cash provided by investing activities   (16,048)     (2,670,935)
                                             -------       ---------      
NET INCREASE (DECREASE) IN CASH AND CASH       6,008       1,475,412
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF      593,721         362,135
PERIOD
                                             -------       ---------        
CASH AND CASH EQUIVALENT, END OF PERIOD     $599,729      $1,837,547
                                             =======       =========     
                                  
                                  
      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 March 31, 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 89.1% as of March 31, 1998
compared to 92.0% March 31, 1997.

FIRST THREE MONTHS 1998 COMPARED TO FIRST THREE MONTHS 1997

Revenue from property operations decreased $48,340 or 20.22%, for
the first three months of 1998, as compared to the 1997 the first
three months. The decrease in Rental income of $49,009 or 21.13% is
primarily due the sale of the Shorewood Apartments, an apartment
complex located in Charlotte, North Carolina.   The following table
illustrates the components:
                       Increase         Percent
                       (Decrease)        Change
                        
                                             
Rental income          $(49,009)         21.13%
Other property              669           9.38%
                        -------          -----
                       $(48,340)         20.22%
                         ======          =====
                                  
Property operating expenses decreased $91,097 or 30.74%, for the
three 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         Percent
                       (Decrease)        Change
                                             
Salaries & wages       $(16,960)         56.81%
Maintenance & repairs   (13,406)         39.03%
Utilities                (7,484)         48.59%
Real estate taxes          (936)          4.42%
General administrative   (4,729)         27.17%
Contract services        (2,194)         17.13%
Insurance                  (396)          7.66%
Interest                (43,571)         43.90%
Depreciation and          1,000           2.13%
amortization
Property management fees (2,421)         20.81%
                       --------          -----
Net Increase           $(91,097)         30.74%
(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 was 1.3 million dollars.
The Partnership plans to actively market Chimney Square Apartments
in 1997.

As of March 31, 1998, the Partnership had $599,729 in cash and cash
equivalents as compared to $593,721 as of December 31  1997.  The
net increase in cash of $6,008 is principally due to cash flow from
operations.

The property is encumbered by non-recourse mortgage as of March 31,
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 May 2, 1994 the Partnership refinanced the loan on Shorewood
Apartments. A new $2,725,000 loan bearing interest at 7.75% per year
replaced the original loan bearing interest at 11.75%. The new loan
with John Hancock Mutual Life Insurance Company matures on September
1, 2001.
     
During 1991, the Partnership defaulted on its required mortgage note
payments on the Lancaster Place Shopping Center mortgage note. The
Partnership entered into an agreement with the note holder
(Transamerica) to pay net operating income until the note matured in
1993. In November 1993 the general partner negotiated the purchase
of the mortgage note from Transamerica Life Insurance Company. The
Partnership had no ability to purchase the note  and the consequence
would have been the foreclosure of the property. The general partner
modified the note after his purchase of it to enable the partnership
to retain ownership of the Lancaster Place Shopping Center.
Effective November, 1993 the modified note calls for monthly
payments of interest only from available cash flow from the property
until maturity, September 30, 1998. During 1993, the Partnership
recorded an impairment amount of $150,607.
     
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 and to refinance and modify the existing
indebtedness. However, there is no assurance management will be
successful in its efforts, in which case the partnership's assets
could be foreclosed upon and the Partnership would cease to be a
going concern.



                         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:     April 22, 1998

























XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
THIRD  QUARTER 1997 COMPARED TO THIRD QUARTER 1996

Revenue from property operations decreased $227,047 or 53.83%, for
the second quarter of 1997, as compared to the 1996 second quarter.
The decrease in rental income of $211,796 or 52.63% is primarily due
the sale of the shopping center located in Lancaster Texas and
Shorewood Apartments, an apartment complex located in Charlotte,
North Carolina.   The following table illustrates the components:
                   Increase         Per
                                   Cent
                   (Decreas        Chang
                      e)             e
                                        
Rental income      (211,796         52.63
                         )             %
Other property     (15,251)         78.74
                                       %
                   (227,047         53.83
                         )             %

  Property operating expenses decreased $251,613 or 57.27%, for the
   second quarter of 1997, as compared to the same period in 1996,
     primarily due to the sale of the shopping center located in
   Lancaster Texas and Shorewood Apartments, an apartment complex
     located in Charlotte, North Carolina.  The following table
               illustrates the components by category:
                   Increase             
                   (Decreas             
                      e)
                                        
Salaries & wages   (27,189)         65.90
                                       %
Maintenance &      (46,253)         83.43
repairs                                %
Utilities          (10,322)         55.74
                                       %
Real estate taxes  (17,982)         50.82
                                       %
General            (7,464)         36.73
administrative                         %
Contract services  (6,469)         37.87
                                       %
Insurance          (2,400)         31.43
                                       %
Interest           (75,416)         57.36
                                       %
Depreciation and   (49,000)         54.44
amortization                           %
Property           (9,118)         48.54
management fees                        %
Net Increase       (251,613         57.27
(Decrease)               )             %