<PAGE>
                  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, 1997    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 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
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                            TABLE OF CONTENTS
                                    
                                    
                                    

Item 1.  Financial Statements
-------

The following Unaudited financial statements are filed herewith:

Consolidated Balance Sheet as of June 30, 1997 and
December 31,1996                                                  Page  3

Consolidated Statements of Operations for the Three and Six
Months Ended June 30, 1997 and 1996                               Page  4

Consolidated Statements of Cash Flows for the Six Months Ended
June 30, 1997 and 1996                                            Page  5



Item 2.Results of Operations and Management's Discussion
       and Analysis of Financial Condition                        Page  6-7

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, 1996 are Unaudited.
<PAGE>
                                    

PART 1.   FINANCIAL INFORMATION

Item 1.     Financial Statements
            --------------------

                         AMRECORP REALTY FUND II
                  Condensed Consolidated Balance Sheets
                              June 30,     December 31,
                                1997           1996
                                ----           ----
                             (Unaudited)
                                              
ASSETS                                           
                                                 
Real Estate assets, at cost         $580,045       $580,045
Land                               4,547,323      4,547,323
                                  -----------   ------------
Buildings and improvements         5,127,368      5,127,368
Less: Accumulated depreciation    (2,432,376)    (2,350,376)
                                  -----------    -----------
Real estate, net                   2,694,992      2,776,992
Investments in Real Estate                        
 Held for Sale                                    2,862,244
Cash including cash investments      393,438        362,135
Escrow deposits                      151,393        166,070
Deferred Costs and Fees               52,457         86,057
Other assets                          14,566         17,866
                                     --------     ----------         
          Total assets              $3,306,846    $6,271,364
                                    ==========    ==========            
                                                 
LIABILITIES AND PARTNERS'EQUITY:
                                                 
LIABILITIES:                                     
Mortgage and notes payable          $2,409,762     $5,054,073
Payable to Affiliates                        0          6,854
Interest payable                             0         35,827
Real estate taxes payable               34,800              0
Security deposits                       16,652         40,002
Accounts payable and accrued expenses   30,128        103,019
                                    -----------   -----------
                                                 
      Total liabilities              2,491,342     5,239,775
                                     ---------    -----------
PARTNERS CAPITAL (DEFICIT):                      
Limited Partners                       905,686     1,134,154              
General Partners                       (90,182)     (102,565)
                                       --------   -----------      
                                                 
Total Partners Capital Deficit)        815,504     1,031,589
                                       --------   ----------

Total Liability and Partners Equity  $3,306,846     $6,271,364
                                     ===========   ============
                                    
        See notes to Condensed Consolidated Financial Statements
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                         AMRECORP REALTY FUND II
             Condensed Consolidated Statement of Operations
                               (Unaudited)

                                                                
                        Three Months Ended               Six Months Ended
                              June 30,                        June 30,     
                         1997         1996                 1997        1996
                         ----         ----                 ----        ----
REVENUES
                                                                  
   Rental income        $180,125   $401,598              $412,066   $817,990
   Other property         15,990     10,838                23,123     17,164
                        ---------  ---------             ---------  ---------
      Total revenues     196,115    412,436                435,189   835,154
         
                                                                  
EXPENSES                                                           

   Salaries & wages                 21,355   42,767       51,208     80,493
   Maintenance & repairs            16,608   66,303       50,957    107,647
   Utilities                         7,166   15,788       22,567     37,065
   Real estate taxes                17,400   36,000       38,586     72,000
   General administrative            9,797   22,714       27,204     42,150
   Contract services                11,034   16,833       23,841     37,290
   Insurance                         8,649    8,788       13,818     17,810
   Interest                         56,240   148,24      155,493    296,842
   Depreciation and amortization    35,000   110,00       82,000    220,000
   Property management fees          9,089   19,310       20,721     41,189
   Amortization of deferred costs    1,710    3,702        4,001      7,653
   and fees                         ------  -------      -------    -------
                                                                  
          Total expenses           194,048  490,446      490,396    960,139
                                   -------  -------     ---------  ---------
    NET INCOME BEFORE EXTRA                                            
     ORDINARY ITEM                  $2,067   (78,010)   ($55,207)  (124,985)
                               
                                                                  
    GAIN ON SALE OF                      0         0   1,293,522          0
    PROPERTY                       --------  --------  ----------   ---------
                                                                  
  NET INCOME (LOSS)                 $2,067   ($78,010) $1,238,315  ($124,985)
                                   ========  ========= ==========  ==========
  
  NET INCOME PER SHARE           
                                     $0.14     $(5.36)     $85.14     $(8.59)
                                     =====     =======     ======     =======

        See Notes to Condensed Consolidated Financial Statements
<PAGE>
                        AMRECORP REALTY FUND II
                                    
             Condensed Consolidated Statement of Cash Flows
                                                                 
                                                                 
                                               Six Months Ended
                                                   June 30,
                                             1997               1996
                                      ----------------------------------
                                                                
CASH FLOWS FROM OPERATING ACTIVITY                              
Net income (loss)                            $1,238,315         ($124,985)
                                                         
Adjustments to reconcile net income                       
(loss) to net cash provided by
operating activities:                               
Depreciation and amortization                    82,000           220,000
Gain on Sale of Asset                        (1,293,522)                0
Net Effect of changes in operating accounts                     
Escrow deposits                                  14,677             4,468
Deferred Costs                                   33,600             6,903
Accrued real estate taxes                        34,800            72,000
Security deposits                               (23,350)           (1,662)
Accounts payable                                (72,891)          (32,225)
Other assets                                      3,300             6,038
                                              ----------        ----------      
   Net cash used by operating activities         16,929           150,537
                                              ----------        ----------     
CASH FLOWS FROM INVESTING ACTIVITIES                            
Proceeds from Sale of Asset                   4,155,766                 0
                                             -----------         ----------
     Net cash used by operating activities    4,155,766                 0
                                             -----------         ----------
                                                 
                                                                
CASH FLOWS FROM FINANCING ACTIVITIES                            
Repayment of mortgage notes payable          (2,644,311)          (36,627)
Distribution to Limited Partners             (1,454,400)                0      
Proceeds from amounts due affiliates             (6,854)           (3,287)
Increase in accrued interest                    (35,827)          (36,315)
                                           -------------         -----------
 Net cash provided by investing activities   (4,141,392)          (76,229)
                                           -------------         -----------
                                                                
NET INCREASE (DECREASE) IN CASH AND CASH         
EQUIVALENTS                                      31,303            74,308
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD  362,135           254,189
                                               ---------         ---------
                                                                
CASH AND CASH EQUIVALENT, END OF PERIOD        $393,438          $328,497
                                              =========          =========
                                    
        See Notes to Condensed Consolidated Financial Statements
<PAGE>
                                    
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, 1997 the Partnership owned one property. The Chimney Square
Apartment community aggregate approximately 126,554 net rentable square
feet. he Shorewood Apartments consisting of 124,194 net rentable square
feet and located in Mecklenburg County, North Carolina was sold in
January, 1997. The Shopping Center, Lancaster Place consists of
approximately 53,860 net rentable square feet. was sold in 1996. The
occupancy of Chimney square was 89% as of June 30 1997 compared to 93%
June 30, 1996.

FIRST SIX MONTHS 1997 COMPARED TO FIRST SIX MONTHS 1996

Revenue from property operations decreased $399,965 or 47.89%, for the
first six months of 1997, as compared to the 1996 the first six months.
The decrease in Rental income of $405,924 or 49.62% 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
                           (Decrease)
                      ----------------------               
Rental  Income        $(405,924)      49.62%
Other  Income             5,959       34.72%
                       ---------    --------
                      $(399,965)      47.89%
                      ==========    ========
                                    
  Property operating expenses decreased $468,091 or 48.54%, for the six
months 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
                                         (Decrease)
                                  ------------------------                    
Salaries & wages                  $(29,285)         36.38%
Maintenance & repairs              (56,690)         52.66%
Utilities                          (14,498)         39.12%
Real estate taxes                  (33,414)         46.41%
General administrative             (14,946)         35.46%
Contract services                  (13,449)         36.07%
Insurance                           (3,992)         22.41%
Interest                          (141,349)         47.62%
Depreciation and amortization     (138,000)         62.73%
Property management fees           (20,468)         49.69%
                                 ----------         ------
Net Increase (Decrease)          $(466,091)         48.54%
                                 ==========         ======
<PAGE>
SECOND  QUARTER 1997 COMPARED TO SECOND QUARTER 1996
----------------------------------------------------
Revenue from property operations decreased $216,321 or 52.45%, for the
second quarter of 1997, as compared to the 1996 second quarter. The
decrease in rental income of $221,473 or 55.15% 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       Percent
                    (Decrease)      Change
                  -------------   ------------
                                  
Rental income      $(221,473)        55.15%
Other property         5,152         47.54%
                   ----------      -----------
                   $(216,321)        52.45%
                  ============    =============

Property operating expenses decreased $294,406 or 60.03%, 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       Percent
                          (Decrease)      Change
                       --------------   ------------


Salaries & wages          $(21,412)        50.07%
Maintenance & repairs      (49,695)        74.95% 
Utilities                   (8,622)        54.61%
Real estate taxes          (18,600)        51.67%
General administrative     (12,917)        56.87%
Contract services           (5,799)        34.45%
Insurance                     (139)         1.58%
Interest                   (92,001)        62.06%
Depreciation and           (75,000)        68.18%
 amortization                   
Property management fees   (10,221)        52.93%
                         ------------   -------------
Net Increase (Decrease)   (294,406)        60.03%
                        =============   ==============
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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 June 30, 1997, the Partnership had $393438 in cash and cash
equivalents as compared to $362,135 as of December 31  1996.  The net
increase in cash of $31,303 is principally due to funds from the sale of
Lancaster shopping center and Shorewood Apartments.

The property is encumbered by non-recourse mortgage as of June 30, 1997,
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.
<PAGE>
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
<PAGE>

                               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 11,1997
    ---------------
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