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, 2006    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:

Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 12b-2 of the Exchange Act).
                    Yes:        No:         N
Indicate by check mark whether the registrant is a shell Partnership
(as defined in Rule 12b-2 of the Exchange Act).
                    Yes:        No:         N


                  REGISTRANT IS A LIMITED PARTNERSHIP

                    TABLE OF CONTENTS



Part I

Item 1.  Financial Statements


The following Unaudited financial statements are filed herewith:

     Balance Sheet as of September 30, 2006 and
     December 31, 2005                                             Page 3

     Statements of Operations for the Three and Nine
     Months Ended September 30, 2006 and 2005                      Page 4

     Statements of Cash Flows for the Three and Nine
     Months Ended September 30, 2006 and 2005                      Page 5



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

     Liquidity and Capital Resources                               Page 7

Item 3.  Quantitative and Qualitative Disclosures about
         Market Risk                                               Page 8

Item 4.  Controls and Procedures                                   Page 8


Part II

     Other Information                                             Page 9

     Signatures                                                    Page 10

The statements, insofar as they relate to the period subsequent to
December 31, 2005 are Unaudited.


PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements

                        AMRECORP REALTY FUND II
                       Condensed Balance Sheets


                                          September      December
                                             30,            31,
                                            2006           2005
                                         (Unaudited)

ASSETS
Real Estate assets, at cost
Land                                       $580,045      $580,045
Buildings and improvements                5,063,345     5,040,345
                                          5,643,390     5,620,390
 Less: Accumulated depreciation          -4,235,429    -4,078,027
Real estate, net                          1,407,961     1,542,363

Cash including cash investments             409,116       191,459
Escrow deposits                             132,084       261,607
Deferred Costs and Fees                      81,848        93,540
Other assets                                 28,228        13,125
            Total Assets                 $2,059,237    $2,102,094


LIABILITIES AND PARTNERS'
EQUITY:

LIABILITIES:
Mortgage payable                         $3,829,910    $3,864,817
Payable to Affiliates                             0           705
Interest payable                             17,829        18,680
Real estate taxes payable                    95,247             0
Security deposits                            28,404        24,141
Accounts payable and accrued expenses        40,248       166,222

       Total Liabilities                  4,011,638     4,074,565
PARTNERS CAPITAL (DEFICIT):
Limited Partners                         -1,879,963    -1,899,832
General Partners                            -72,438       -72,639

Total Partners Capital (Deficit)         -1,952,401    (1,972,471)


Total Liabilities and Partners Equity    $2,059,237    $2,102,094



              See notes to Condensed Financial Statements





                        AMRECORP REALTY FUND II
                   Condensed Statement of Operations
                              (Unaudited)


                                  Three Months Ended      Nine Months Ended
                                     September 30,          September 30,
REVENUES                          2006          2005     2006           2005

     Rental income               $233,770   $229,987    $701,322    $688,841
     Other property                 9,948      5,429      23,863      21,931
         Total revenues           243,718    235,416     725,185     710,772


EXPENSES
     Salaries & wages              26,798     28,499      74,778      77,118
     Maintenance & repairs          5,456      8,965      22,408      36,609
     Utilities                      8,690     11,252      27,738      32,326
     Real estate taxes             31,749     29,583      95,247      86,583
     General administrative        13,593     16,330      38,390      46,325
     Contract services             13,010     13,149      38,856      41,880
     Insurance                      8,741      8,761      27,169      26,532
     Interest                      61,284     48,356     176,141     130,171
     Depreciation and amortization 57,402     50,000     157,402     150,000
     Property management fees      11,324     11,741      35,293      35,473
     Amortization of deferred
      cost and fees                 3,898      3,683      11,693      11,050

             Total expenses       241,945    230,319     705,115     674,067


NET INCOME                         $1,773     $5,097     $20,070     $36,705


NET INCOME LIMITED PARTNERSHIP      $0.12      $0.35       $1.37       $2.50

UNIT -  BASIC

Limited Partnership units          14,544     14,544      14,544      14,544
outstanding Basic




              See Notes to Condensed Financial Statements




                        AMRECORP REALTY FUND II
                   Condensed Statement of Cash Flows
                               Unaudited

                                                       Nine Months Ended
                                                         September 30,
                                                      2006           2005

CASH FLOWS FROM OPERATING ACTIVITY
Net income                                           $20,070      $36,705
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization                        157,402      150,000

Net Effect of changes in operating accounts
Escrow deposits                                      129,523      147,187
Deferred Costs                                        11,692      (15,506)
Accrued real estate taxes                             95,247       86,583
Security deposits                                      4,263        3,505
Accounts payable                                    (125,974)      35,209
Other assets                                         (15,103)      13,245
   Net cash provided by operating activities         277,120      456,928

CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Real Estate                            (23,000)    (107,000)
     Net cash used by investing activities           (23,000)    (107,000)

CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of mortgage notes payable                  (34,907)     (46,568)
Proceeds from amounts due affiliates                    (705)         441
Increase in accrued interest                            (851)           0
Distributions to limited partners                          0     (363,600)
     Net cash used by financing activities           (36,463)    (409,727)

NET INCREASE (DECREASE) IN CASH AND CASH             217,657      (59,799)
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD       191,459      235,305

CASH AND CASH EQUIVALENT, END OF PERIOD             $409,116     $175,506



              See Notes to Condensed Financial Statements

Basis of Presentation:

The  accompanying unaudited condensed financial statements  have  been
prepared  by  Amrecorp Realty Fund II (the "Partnership") pursuant  to
the  rules  and regulations of the Securities and Exchange Commission.
The  financial  statements reflect all adjustments that  are,  in  the
opinion  of  management, necessary to fairly present such information.
All  such adjustments are of a normal recurring nature.  Although  the
Partnership  believes that the disclosures are adequate  to  make  the
information presented not misleading, certain information and footnote
disclosures,   including  a  description  of  significant   accounting
policies  normally  included  in  financial  statements  prepared   in
accordance with accounting principles generally accepted in the United
States  of  America, have been condensed or omitted pursuant  to  such
rules and regulations.

These  financial  statements should be read in  conjunction  with  the
financial  statements and notes thereto included in the  Partnership's
2005 Annual Report on Form 10-K filed with the Securities and Exchange
Commission.   The  results of operations for interim periods  are  not
necessarily  indicative of the results for any subsequent  quarter  or
the entire fiscal year ending December 31, 2006.

Item 2. RESULTS OF OPERATIONS AND MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION

Results of Operations
At September 30, 2006 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
99.8% during the third quarter of 2006 as compared to 97.9% for the
third quarter of 2005.

FIRST NINE MONTHS 2006 COMPARED TO FIRST NINE MONTHS 2005
Revenue  from property operations increased $14,413 or 2.03%, for  the
first  nine months of 2006, as compared to the 2005 first nine months.
Rental  income  increased $12,481 or 1.81% due to increased  occupancy
and  rental  rates.  Other income increased $1,932 or 8.81%  primarily
due   to  increased  fees.    The  following  table  illustrates   the
components:

                            Increase      Per Cent
                           (Decrease)      Change


Rental income               $12,481         1.81%
Other property                1,932         8.81%
                            $14,413         2.03%

Property operating expenses increased $31,048 or 4.61%, for the  first
nine months of 2006, as compared to the same period in 2005.  This was
primarily  due from increased interest expense.  Maintenance decreased
$14,201  or  38.79%  due to prior year carpentry expenses.  General  &
administrative decreased $7,935 or 17.13% due to decreased  legal  and
professional fees.  Utilities decreased $4,588 or 14.19% due to  lower
gas  rates.   Real  estate taxes increased $8,664  or  10.01%  due  to
property tax rates. Contract services decreased $3,024 or 7.22% due to
decreased  pest control costs.   Interest increased $45,970 or  35.32%
due the refinancing in December 2004 as discussed in the liquidity and
capital  resources  section.    The following  table  illustrates  the
components by category:

                                          Increas       Per Cent
                                         (Decrease)      Change


Salaries & wages                          ($2,340)        3.03%
Maintenance & repairs                     (14,201)       38.79%
Utilities                                  (4,588)       14.19%
Real estate taxes                           8,664        10.01%
General administrative                     (7,935)       17.13%
Contract services                          (3,024)        7.22%
Insurance                                     637         2.40%
Interest                                   45,970        35.32%
Depreciation and amortization               7,402         4.93%
Property management fees                     (180)        0.51%
Amortization of deferred costs and fees       643         5.82%

Net Increase (Decrease)                   $31,048         4.61%

THIRD QUARTER 2006 COMPARED TO THIRD QUARTER 2005
Revenue  from property operations increased $8,302 or 3.53%,  for  the
third  quarter of 2006, as compared to the 2005 third quarter.  Rental
income increased $3,783 or 1.64% due to increased occupancy and rental
rates.   Other  income  decreased $4,519 or 83.24%  primarily  due  to
increased fees.   The following table illustrates the components:

                        Increase     Per Cent
                       (Decrease)     Change

Rental income            $3,783        1.64%
Other property            4,519       83.24%
                         $8,302        3.53%

Property operating expenses increased $11,626 or 5.05%, for the  third
quarter  of  2006, as compared to the same period in 2005.   This  was
primarily  due from increased interest expense.  Maintenance decreased
$3,509  or  39.14%  due to prior year carpentry.  Utilities  decreased
$2,562  or  22.77%  due to lower gas rates.  General &  administrative
decreased $2,737 or 16.76% due to decreased partnership mailing costs.
Salaries   decreased  $1,701  or  5.97%  due  to  decreased  staffing.
Contract  services  decreased  $139 or 1.06%  due  to  decreased  pest
control   costs.   Interest  increased  $12,928  or  26.74%  due   the
refinancing in December 2004 as discussed in the liquidity and capital
resources section.   The following table illustrates the components by
category:

                                        Increase     Per Cent
                                      (Decrease)     Change

Salaries & wages                       ($1,701)       5.97%
Maintenance & repairs                   (3,509)      39.14%
Utilities                               (2,562)      22.77%
Real estate taxes                        2,166        7.32%
General administrative                  (2,737)      16.76%
Contract services                         (139)       1.06%
Insurance                                  (20)       0.23%
Interest                                12,928       26.74%
Depreciation and amortization            7,402       14.80%
Property management fees                  (417)       3.55%
Amortization of deferred costs and fees    215        5.84%

Net Increase (Decrease)                $11,626        5.05%


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.

As  of  September 30, 2006, the Partnership had $409,116 in  cash  and
cash equivalents as compared to $191,459 as of December 31 2005.   The
net  increase in cash of $217,657 is principally due to cash flow from
operations.

On  December 31, 2004 the partnership distributed $100.00 per  limited
partnership  unit  to  units  of  record  December  31,  2004.    This
distribution  was  made  from proceeds of refinancing  Chimney  Square
Apartments.

The  property  is encumbered by non-recourse mortgage as of  September
30, 2006, with an interest rate based on monthly LIBOR rate plus 1.53%
which  is 4.254% as of September 30, 2006. Required principal payments
on this mortgage note for the three years ended December 31, 2008, are
$45,427, 48,030, and $50,776 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  balloon
mortgage  payments  will  be  proceeds from  the  sale,  financing  or
refinancing of the properties.

On  December 14, 2004 the Partnership refinanced the loan  on  Chimney
Square Apartments. The original loan matured and a new $3,920,000 loan
from GEMSA Loan Services was obtained. The current note is payable  in
monthly installments of principal and interest to be calculated on the
monthly  LIBOR rate plus 1.53%, through January 2012. The loan matures
on  January  2012. In connection with this loan, the lender  required,
and  the  Partnership  provided, a single asset partnership  known  as
Chimney Square Apartments, owned 99% by the Fund.

Management intends to continue operating the Partnership in its
present form while investigating options to improve operations of the
Partnership.

Item 3 - Quantitative and Qualitative Disclosure about Market Risk

The  Partnership is exposed to interest rate changes  primarily  as  a
result  of its real estate mortgages.  The Partnerships interest  rate
risk  management  objective is to limit the impact  of  interest  rate
changes on earnings and cash flows and to lower it's overall borrowing
costs.   To  achieve its objectives, the Partnership borrows primarily
at  fixed  rates.  The Partnership does not enter into  derivative  or
interest rate transactions for any purpose.

The  Partnerships'  activities do not contain  material  risk  due  to
changes in general market conditions.  The partnership invests only in
fully   insured  bank  certificates  of  deposits,  and  mutual  funds
investing in United States treasury obligations.


Item 4 - Controls and Procedures

Based  on their most recent evaluation, which was completed within  90
days  of  the filing of this Form 10-Q, our Acting Principal Executive
Officer  and Chief Financial Officer, believe our disclosure  controls
and  procedures (as defined in Exchange Act Rules 13a-14  and  15d-14)
are  effective.  There were not any significant  changes  in  internal
controls  or  in other factors that could significantly  affect  these
controls subsequent to the date of their evaluation, and there has not
been any corrective action with regard to significant deficiencies and
material weaknesses.




                    Part II

                    Other Information


Item 1.             Legal Proceedings
                    None

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:     October 20, 2006

                              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
       Partnership;

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 Partnership 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 Partnership and its 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  Partnership'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  Partnership's
       internal  control  over  financial  reporting  that  occurred
       during the Partnership's most recent fiscal quarter that  has
       materially  affected, or is reasonably likely  to  materially
       affect,  the  Partnership'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
       Partnership'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
       Partnership'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
       Partnership's internal control over financial reporting.




  /s/ Robert J. Werra


  Robert J. Werra
  Acting Principal Executive Officer and Chief Financial Officer
  October 20, 2006














                                             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  Partnership") on Form 10-Q for the period ending  September
  30,  2006 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 Partnership.



  /s/ Robert J. Werra


  Robert J. Werra
  Acting Principal Executive Officer and Chief Financial Officer
  October 20, 2006