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 September 30, 2001    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 Parkway Suite 100
                      Plano, Texas  75093

           (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 September 30, 2001 and
     December 31, 2000                                              Page 3

    Consolidated Statements of Operations for the Three & Nine months
     Ended September 30, 2001 and 2000                              Page 4

    Consolidated Statements of Cash Flows for the Nine months Ended
     September 30, 2001 and 2000                                    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 10

The statements, insofar as they relate to the period subsequent to
December 31, 2000 are Unaudited.


PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements



                    AMRECORP REALTY FUND II
             Condensed Consolidated Balance Sheets

                               September 30,           December 31,
                                   2001                   2000
                               (Unaudited)

ASSETS

Real Estate assets, at cost     $580,045                 $580,045
Land                           4,653,056                4,653,056
Buildings and improvements     5,233,101                5,233,101
    Less: Accumulated         (3,258,199)              (3,114,199)
          depreciation
Real estate, net               1,974,902                2,118,902

Investments in Real Estate
Held for Sale
Cash including cash              366,199                  210,193
investments
Escrow deposits                  198,056                  220,453
Deferred Costs and Fees           37,200                   28,509
Other assets                       1,150                    7,961

          Total assets        $2,577,507               $2,586,018


LIABILITIES AND PARTNERS' EDQUITY:

LIABILITIES:
Mortgage and notes payable    $2,248,115               $2,285,057
Payable to Affiliates              2,712                        0
Interest payable                       0                   17,757
Real estate taxes payable         76,515                        0
Security deposits                 19,101                   18,301
Accounts payable and accrued      77,735                  143,975
expenses

      Total liabilities        2,424,178                2,465,090

PARTNERS CAPITAL (DEFICIT):
Limited Partners                 234,448                  202,373
General Partners                 (81,119)                 (81,445)

Total Partners Capital           153,329                  120,928
(Deficit)

     Total Liability and      $2,577,507               $2,586,018
         Partners Equity



    See notes to Condensed Consolidated Financial Statements



                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Operations
                          (Unaudited)
                                 Three Months Ended       Nine Months Ended
                                    September 30,           September 30,
REVENUES                          2001         2000        2001        2000

   Rental income              $214,370     $212,307    $635,028    $625,342
   Other property                7,750        5,503      23,365      25,744

     Total revenues            222,120      217,810     658,393     651,086


EXPENSES
   Salaries & wages             22,433       19,794      58,624      55,476
   Maintenance & repairs        14,868       15,101      42,881      45,709
   Utilities                     9,713        7,299      25,983      20,834
   Real estate taxes            25,500       24,334      76,500      71,836
   General administrative       20,069       12,122      35,115      32,994
   Contract services            10,323        9,786      31,272      29,453
   Insurance                     5,637        4,667      15,536      12,507
   Interest                     52,587       53,634     158,538     161,802
   Depreciation and             48,000       50,000     144,000     150,000
      amortization
   Property management fees     10,945       10,806      32,412      31,973
   Amortization of               1,712        1,711       5,133       5,132
      deferred costs and fees

      Total expense            221,787      209,254     625,994     617,716

NET INCOME (LOSS)                 $333       $8,556     $32,399     $33,370


NET INCOME PER SHARE             $0.02        $0.59       $2.23       $2.29


   See Notes to Condensed Consolidated Financial Statements




                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Cash Flows
                           Unaudited
                                                     Nine Months Ended
                                                       September 30,
                                                     2001         2000

CASH FLOWS FROM OPERATING ACTIVITY
Net income (loss)                                 $32,399      $33,370

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

Depreciation and amortization                     144,000      150,000

Net Effect of changes in operating accounts

Escrow deposits                                    22,397       (5,263)
Deferred Costs                                     (8,691)      (6,498)
Accrued real estate taxes                          76,515       71,836
Security deposits                                     800         (551)
Accounts payable                                  (66,240)     (55,905)

Other assets                                        6,811        5,531

Net cash used by operating activities             207,991      192,520

CASH FLOWS FROM INVESTING ACTIVITIES

Net cash used by operating activities                   0            0

CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of mortgage notes payable               (36,942)     (33,465)
Distribution to Limited Partners                        0     (363,596)
Proceeds from amounts due affiliates                2,712          738
Increase in accrued interest                      (17,757)     (18,161)

    Net cash provided by investing                (51,987)    (414,484)
              activities

NET INCREASE (DECREASE) IN CASH AND               156,004     (221,964)
CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS, BEGINNING OF           210,193      378,479
PERIOD

CASH AND CASH EQUIVALENT, END OF PERIOD          $366,197     $156,515


    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 September 30, 2001 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 99.0% during the third
quarter of 2001 as compared to 97.4% for the third quarter of
2000.

THIRD QUARTER 2001 COMPARED TO THIRD QUARTER 2000

Revenue from property operations increased $4,310 or 1.98%, for
the  third  quarter  of 2001, as compared  to  the  2000  third
quarter.  The increase in rental income of $2,063 or  0.97%  is
primarily  due to higher rental rates.  Other income  increased
$2,247  or  40.83% primarily due to increased late charges  and
other fees.   The following table illustrates the components:

                       Increase    Percent
                      (Decrease)    Change

Rental income           $2,063       0.97%
Other property           2,247      40.83%
                        $4,310       1.98%

Property operating expenses increased $12,532 or 5.99%, for the
third  quarter of 2001, as compared to the same period in 2000.
This   was   primarily  due  to  an  increase  in   general   &
administrative  due  to  increased  mailing  costs.   Utilities
increased  $2,414  or 33.07% due to higher electric  and  water
costs.  Insurance costs increased $970 or 20.78% from increased
premiums.  Salaries and wages increased $2,639 or 13.33% due to
higher   salaries.    The  following  table   illustrates   the
components by category:

                                          Increase    Percent
                                         (Decrease)    Change

Salaries & wages                           $2,639      13.33%
Maintenance & repairs                        (233)      1.54%
Utilities                                   2,414      33.07%
Real estate taxes                           1,166       4.79%
General administrative                      7,947      65.56%
Contract services                             537       5.49%
Insurance                                     970      20.78%
Interest                                   (1,047)      1.95%
Depreciation and amortization              (2,000)      4.00%
Property management fees                      139       1.29%

Net Increase                              $12,532       5.99%
(Decrease)


THIRD QUARTER 2000 COMPARED TO THIRD QUARTER 1999

Revenue from property operations increased $8,448 or 4.04%, for
the  third  quarter  of 2000, as compared  to  the  1999  third
quarter.  The increase in rental income of $9,288 or  4.57%  is
primarily  due to higher rental rates.  Other income  decreased
$840  or  13.24%  primarily due to decreased late  charges  and
other fees.   The following table illustrates the components:

                   Increase   Percent
                  (Decrease)  Change

Rental income      $9,288      4.57%
Other property       (840)    13.24%
                   $8,448      4.04%

Property  operating expenses increased $393 or 0.19%,  for  the
third  quarter of 2000, as compared to the same period in 1999.
This   was   primarily   due   from   decreased   general   and
administrative.  General  and  administrative  costs  decreased
$7,091  or  36.91% from decreases in postage related  mailings.
Maintenance & repairs decreased $1,803 or 10.67% due to reduced
turnover  of residents. Real estate taxes increased  $2,917  or
13.62% primarily due to  increased assessments on the property.
Insurance  increased  $900 or 23.89%  with  the  annual  policy
renewal.   The  following table illustrates the  components  by
category:

                                Increase      Percent
                               (Decrease)     Change


Salaries & wages                 $4,218       27.08%
Maintenance & repairs            (1,803)      10.67%
Utilities                          (148)       1.99%
Real estate taxes                 2,917       13.62%
General administrative           (7,091)      36.91%
Contract services                   (82)       0.83%
Insurance                           900       23.89%
Interest                           (956)       1.75%
Depreciation and amortization     2,000        4.17%
Property management fees            438        4.22%

Net Increase                       $393        0.19%
(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  resulting  in
cash distribution of $100.00 per unit.

As  of September 30, 2001, the Partnership had $366,199 in cash
and cash equivalents as compared to $210,193 as of December  31
2000.  The net increase in cash of $156,006 is principally  due
to cash flow from operations.

The  property  is  encumbered by non-recourse  mortgage  as  of
September  30, 2001, with an interest rate of 9.325%.  Required
principal  payments on this mortgage note for the  three  years
ended  December  31,  2003, are $44,680,  $49,029  and  $53,082
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

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

      4                            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:     November 1, 2001