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, 2004    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  75093-5994

            (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, 2004 and
     December 31, 2003                                               Page 3

     Consolidated Statements of Operations for the Three
     and Six months Ended June 30, 2004 and 2003                     Page 4

     Consolidated Statements of Cash Flows for the Six
     months Ended June 30, 2004 and 2003                             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 9

     Signatures                                                      Page 10

The statements, insofar as they relate to the period subsequent to
December 31, 2003 are Unaudited.


PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements

                     AMRECORP REALTY FUND II
              Condensed Consolidated Balance Sheets


                                             June 30,       December 31,
                                               2004             2003
                                           (Unaudited)

ASSETS
Real Estate assets, at cost
Land                                         $580,045          $580,045
Buildings and improvements                  4,794,733         4,794,733
                                            5,374,778         5,374,778
 Less: Accumulated depreciation            (3,778,782)       (3,680,782)
Real estate, net                            1,595,996         1,693,996

Investments in Real Estate Held for Sale
Cash including cash investments               306,549           240,219
Escrow deposits                                75,388           202,842
Deferred Costs and Fees                         4,562             7,983
Other assets                                   98,990            13,320

            Total assets                   $2,081,485        $2,158,360


LIABILITIES AND PARTNERS' EQUITY:

LIABILITIES:
Mortgage and notes payable                 $2,103,775        $2,137,546
Payable to Affiliates                           1,414               320
Interest payable                                    0            16,611
Real estate taxes payable                      58,065                 0
Security deposits                              22,984            23,213
Accounts payable and accrued expenses          75,926           153,286


       Total liabilities                    2,262,164         2,330,976
PARTNERS CAPITAL (DEFICIT):
Limited Partners                             (107,778)          (99,796)
General Partners                              (72,901)          (72,820)

Total Partners Capital (Deficit)             (180,679)         (172,616)


Total Liability and Partners Equity        $2,081,485        $2,158,360

See notes to Condensed Consolidated Financial Statements



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

                                      Three Months Ended     Six Months Ended
                                         March 31,             June 30,
REVENUES                              2004          2003     2004        2003

Rental income                       $223,117    $216,835   $435,971  $430,720
Other property                         6,550       5,477     11,856    11,190
    Total revenues                   229,667     222,312    447,827   441,910

EXPENSES
Salaries & wages                      18,378      19,490     40,298    39,672
Maintenance & repairs                 24,398       8,016     46,437    13,106
Utilities                              9,738       9,099     19,593    17,551
Real estate taxes                     29,250      29,250     58,500    58,500
General administrative                 8,907      10,801     14,707    16,529
Contract services                     17,987      11,761     30,268    23,523
Insurance                              7,835       9,784     23,391    19,684
Interest                              49,273      50,952     98,884   101,837
Depreciation and amortization         49,000      48,000     98,000    96,000
Property management fees              11,483      11,025     22,391    22,091
Amortization of deferred costs & fees  1,710       1,711      3,421     3,422

    Total expenses                   227,959     209,889    455,890   411,915

NET INCOME (LOSS)                     $1,708     $12,423    ($8,063)  $29,995


NET INCOME PER SHARE                   $0.12       $0.85     $(0.55)    $2.06


    See Notes to Condensed Consolidated Financial Statements




                     AMRECORP REALTY FUND II
         Condensed Consolidated Statement of Cash Flows
                            Unaudited


                                                            Six Months Ended
                                                                June 30,
                                                            2004        2003

CASH FLOWS FROM OPERATING ACTIVITY
Net income (loss)                                        ($8,063)    $29,995
Adjustments to reconcile net income (loss)
to net cash provided by operating activities:
Depreciation and amortization                             98,000      96,000

Net Effect of changes in operating accounts
Escrow deposits                                          127,454     134,676
Deferred Costs                                             3,421     (26,946)
Accrued real estate taxes                                 58,065      58,435
Security deposits                                           (229)      1,298
Accounts payable                                         (77,360)    (91,159)
Other assets                                             (85,670)     13,816

   Net cash used by operating activities                 115,618     216,115

CASH FLOWS FROM INVESTING ACTIVITIES
                                                               0           0
   Net cash used by investing activities                       0           0

CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of mortgage notes payable                      (33,771)    (30,776)
Proceeds from amounts due affiliates                       1,094     (22,594)
Increase in accrued interest                             (16,611)    (17,028)
 Net cash provided by financing activities               (49,288)    (70,398)

NET INCREASE (DECREASE) IN CASH AND CASH                  66,330     145,717
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF                  240,219       7,833
PERIOD

CASH AND CASH EQUIVALENT, END OF PERIOD                 $306,549    $153,550

    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, 2004 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 97.4% during the second
quarter of 2004 as compared to 94.3% for the second quarter of
2003.

SECOOND QUARTER 2004 COMPARED TO SECOND QUARTER 2003

Revenue  from property operations increased $7,355 or 3.31%,  for
the  second  quarter  of 2004, as compared  to  the  2003  second
quarter.   Rental income increased $6,282 or 2.90% from decreased
vacancy.   Other income increased $1,073 or 19.59% primarily  due
to   increased  fees.    The  following  table  illustrates   the
components:

                     Increase      Percent
                    (Decrease)     Change

Rental income         $6,282        2.90%
Other property         1,073       19.59%
                      $7,355        3.31%

Property operating expenses increased $18,071 or 8.61%,  for  the
second  quarter of 2004, as compared to the same period in  2003.
This  was  primarily  due from increased maintenance  &  repairs.
Maintenance  and  repairs increased  $16,382 or  204.37%  due  to
higher  turnover  cost and exterior building maintenance  on  the
property.   Contract Service increased $6,226 or  52.94%  due  to
pest  control  and  cable television rates.  Insurance  decreased
$1,949  or 19.92% due to slightly lower property insurance rates.
The following table illustrates the components by category:

                                       Increase     Percent
                                      (Decrease)    Change

Salaries & wages                       ($1,112)      5.71%
Maintenance & repairs                   16,382     204.37%
Utilities                                  639       7.02%
General administrative                  (1,894)     17.54%
Contract services                        6,226      52.94%
Insurance                               (1,949)     19.92%
Interest                                (1,679)      3.30%
Depreciation and amortization            1,000       2.08%
Property management fees                   458       4.15%
Net Increase (Decrease)                $18,071       8.61%



SECOND QUARTER 2003 COMPARED TO SECOND QUARTER 2002

Revenue  from property operations increased $1,023 or 0.46%,  for
the  second  quarter  of 2003, as compared  to  the  2002  second
quarter.   Rental  income increased $1,113 or 0.52%  from  higher
rental rates.  Other income decreased $90 or 1.62% primarily  due
to   decreased  fees.    The  following  table  illustrates   the
components:

                    Increase   Percent
                   (Decrease)  Change

Rental income        $1,113     0.52%
Other property          (90)    1.62%
                     $1,023     0.46%

Property  operating expenses decreased $2,525 or 1.19%,  for  the
second  quarter of 2003, as compared to the same period in  2002.
This  was  primarily due from decreased general &  administrative
costs.  General & administrative costs decreased $9,002 or 45.46%
primarily   due  to  decreased  mailing  costs.   Utility   costs
increased  $2,121  or 30.4% as a result of increased  gas  costs.
Contract services increased $1,332 or 12.77% due to higher  cable
television  costs. The following table illustrates the components
by category:

                                     Increase     Percent
                                    (Decrease)    Change

Salaries & wages                      $1,012       5.48%
Maintenance & repairs                  1,292      19.21%
Utilities                              2,121      30.40%
Real estate taxes                        501       1.74%
General administrative                (9,002)     45.46%
Contract services                      1,332      12.77%
Insurance                                915      10.32%
Interest                                (814)      1.57%
Depreciation and amortization              0       0.00%
Property management fees                 118       1.08%
Net Increase (Decrease)              ($2,525)      1.19%




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, 2004, the Partnership had $306,549 in  cash  and
cash  equivalents as compared to $240,219 as of December 31 2003.
The  net  increase in cash of $66,630 is principally due to  cash
flow from operations.

On  September  30,  2002 the partnership distributed  $15.00  per
limited  partnership unit to units of record September 30,  2002.
This  distribution was made from excess cash on  hand  from  cash
flow from operations.

The  property is encumbered by non-recourse mortgage as  of  June
30,  2004,  with  an interest rate of 9.325%. Required  principal
payments  on this mortgage note for the two years ended  December
31, 2005, are $59,039 and $2,079,227 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 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, 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. 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.
                         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
     31.1                Certification Pursuant to
                         Rules 13a-14 and 15d-14 Under
                         the Securities Exchange Act of
                         1934, as Adopted Pursuant to
                         Section 302 of the Sarbanes-
                         Oxley Act of 2002, filed
                         herewith.

     32.1                Certification Pursuant to 18
                         U.S.C. Section 1350, as
                         Adopted Pursuant to Section
                         906 of the Sarbanes-Oxley Act
                         of 2002, filed herewith.









                         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:     July 29, 2004

                              Exhibit 31.1

     CERTIFICATION PURSUANT TO RULES 13a-14 AND 15d-14 UNDER
   THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO
          SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002


I Robert J. Werra, Acting Principal Executive Officer and Chief
Financial Amrecorp Realty Fund II ("the Company"), certify that:


1.     I  have reviewed this quarterly report on Form 10-Q of the
       Company;

2.     Based  on  my  knowledge, this quarterly report  does  not
       contain  any untrue statement of a material fact  or  omit
       to  state a material fact necessary to make the statements
       made,  in  light  of the circumstances  under  which  such
       statements were made, not misleading with respect  to  the
       period covered by this quarterly report;

3.     Based  on  my  knowledge,  the financial  statements,  and
       other  financial  information included in  this  quarterly
       report,  fairly  present  in  all  material  respects  the
       financial condition, results of operations and cash  flows
       of  the  registrant as of, and for, the periods  presented
       in this quarterly report;

4.     I   am   responsible  for  establishing  and   maintaining
       disclosure   controls  and  procedures  (as   defined   in
       Exchange  Act Rules 13a-15(e) and 15d-15(e)) and  internal
       control  over financial reporting (as defined in  Exchange
       Act  Rules  13a-15(f) and 15d-15(f)) for the  Company  and
       have:

  a.   designed  such  disclosure  controls  and  procedures,  or
       caused  such  disclosure controls  and  procedures  to  be
       designed  under  my supervision, to ensure  that  material
       information  relating to the company and its  consolidated
       subsidiaries  is made known to me by others  within  those
       entities, particularly for the periods presented  in  this
       quarterly report;

  b.   designed  such internal control over financial  reporting,
       or  caused  such internal control over financial reporting
       to   be   designed  under  my  supervision,   to   provide
       reasonable   assurance  regarding   the   reliability   of
       financial  reporting  and  the  preparation  of  financial
       statements  for  external  purposes  in  accordance   with
       generally accepted accounting principles.

  c.   evaluated  the  effectiveness of the Company's  disclosure
       controls  and procedures and presented in this  report  my
       conclusions  about  the effectiveness  of  the  disclosure
       controls  and  procedures, as of the  end  of  the  period
       covered by this report based on such evaluation; and



       CERTIFICATION PURSUANT TO RULES 13a-14 AND 15d-14 UNDER
     THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO
      SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - continued


  d.   disclosed in this report any change in the Company's internal
       control  over  financial reporting that occurred  during  the
       Company's  most  recent fiscal quarter  that  has  materially
       affected,  or is reasonably likely to materially affect,  the
       Company's internal control over financial reporting; and


5.     I  have  disclosed  based  on my most  recent  evaluation  of
       internal  control over financial reporting, to the  Company's
       auditors  and  Audit Committee of the Board of Directors  (or
       persons fulfilling the equivalent function):

  a.   all  significant deficiencies and material weaknesses in  the
       design  or  operation  of  internal  control  over  financial
       reporting which are reasonably likely to adversely affect the
       Company's  ability to record, process, summarize, and  report
       financial data; and

  b.   any  fraud, whether or not material, that involves management
       or  other  employees  who  have a  significant  role  in  the
       Company's internal control over financial reporting.




  /s/ Robert J. Werra


  Robert J. Werra
  Acting Principal Executive Officer and Chief Financial Officer
  July 29, 2004









                                             Exhibit 32.1

                      CERTIFICATION PURSUANT TO
                       18 U.S.C. SECTION 1350,
                       AS ADOPTED PURSUANT TO
            SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

  In connection with the Quarterly Report of Amrecorp Realty Fund II
  ("the  Company") on Form 10-Q for the period ending June 30,  2004
  as  filed with the Securities and Exchange Commission on the  date
  hereof  ("the  Report"),  I,  Robert J.  Werra,  Acting  Principal
  Executive  Officer  and Chief Financial Officer  of  the  Company,
  certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of
  the Sarbanes-Oxley Act of 2002, that:

          (1)  The report fully complies with the requirements of
               section 13(a) or 15(d) of the Securities Exchange Act of
               1934, as amended; and

          (2)  The information contained in the Report fairly presents,
               in all material respects, the financial condition and
               results of operations of the Company.



  /s/ Robert J. Werra


  Robert J. Werra
  Acting Principal Executive Officer and Chief Financial Officer
  July 29, 2004