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, 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)


                   6210 Campbell Road Suite 140
                      Dallas, Texas  75248

           (Address of principal executive offices)


Registrant's telephone number, including area code:  (972)380-8000.


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                         Yes:  Y        No:


              REGISTRANT IS A LIMITED PARTNERSHIP

                    TABLE OF CONTENTS




Item 1.  Financial Statements


The following Unaudited financial statements are filed
herewith:

     Consolidated Balance Sheet as of June 30, 2001 and
     December 31, 2000                                               Page 3

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

     Consolidated Statements of Cash Flows for the Six months Ended
     June 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 9

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

                                      June 30, 2001           December 31,
                                       (Unaudited)                2000


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 depreciation       (3,210,199)             (3,114,199)

Real estate, net                        2,022,902               2,118,902

Cash including cash investments           312,777                 210,193
Escrow deposits                           174,311                 220,453
Deferred Costs and Fees                    48,253                  28,509
Other assets                                1,150                   7,961

          Total assets                 $2,559,393              $2,586,018



LIABILITIES AND PARTNERS' EQUITY:

LIABILITIES:

Mortgage and notes payable             $2,259,499              $2,285,057
Payable to Affiliates                       3,310                       0
Interest payable                                0                  17,757
Real estate taxes payable                  51,015                       0
Security deposits                          19,351                  18,301
Accounts payable and accrued expenses      73,224                 143,975

      Total liabilities                 2,406,399               2,465,090

PARTNERS CAPITAL (DEFICIT):
Limited Partners                          234,118                 202,373
General Partners                          (81,124)                (81,445)


Total Partners Capital (Deficit)          152,994                 120,928


Total Liability and Partners Equity    $2,559,393              $2,586,018


    See notes to Condensed Consolidated Financial Statements



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


        Rental income            $214,907   $211,721   $420,658  $413,035
        Other property              8,930     13,183     15,615    20,241

            Total revenues        223,837    224,904    436,273   433,276


EXPENSES

        Salaries & wages           16,868     16,568     36,191    35,682
        Maintenance & repairs      14,474     17,514     28,013    30,608
        Utilities                   7,844      6,541     16,270    13,535
        Real estate taxes          25,500     23,751     51,000    47,502
        General administrative      8,831     14,062     15,046    20,872
        Contract services          10,528      9,794     20,949    19,667
        Insurance                   5,285      4,070      9,899     7,840
        Interest                   52,848     54,024    105,951   108,168
        Depreciation and
          amoritization            48,000     50,000     96,000   100,000
        Property management fees   10,957     10,910     21,467    21,167
        Amortization of deferred
          costs and fees            1,710      1,710      3,421     3,421

            Total expenses        202,845    208,944    404,207   408,462


NET INCOME (LOSS)                 $20,992    $15,960    $32,066   $24,814



NET INCOME PER SHARE                $1.44      $1.10      $2.20     $1.71



   See Notes to Condensed Consolidated Financial Statements




                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Cash Flows

                           Unaudited

                                                 Six Months Ended
                                                     June 30,
                                                2001          2000

CASH FLOWS FROM OPERATING ACTIVITY
Net income (loss)                             $32,066       $24,814

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

Depreciation and amortization                  96,000       100,000

Net Effect of changes in operating accounts

Escrow deposits                                46,142        37,367
Deferred Costs                                (19,744)      (11,265)
Accrued real estate taxes                      51,015        47,502
Security deposits                               1,050         (900)
Accounts payable                              (70,751)      (56,665)
Other assets                                    6,811         5,531

     Net cash used by operating               142,589       146,384
             activities


CASH FLOWS FROM INVESTING ACTIVITIES                0             0

     Net cash used by operating activities          0             0


CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of mortgage notes payable           (25,558)      (23,096)
Distribution to Limited Partners                    0      (363,600)
Proceeds from amounts due affiliates            3,310           137
Increase in accrued interest                  (17,757)      (18,161)
   Net cash provided by investing activities  (40,005)     (404,720)


NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                              102,584      (258,336)

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

CASH AND CASH EQUIVALENT, END OF PERIOD      $312,777      $120,143


    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, 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 98.4% during the
second quarter of 2001 as compared to 96.9% for the second
quarter of 2000.

SECOND QUARTER 2001 COMPARED TO SECOND QUARTER 2000

Revenue from property operations decreased $1,067 or 0.47%, for
the  second  quarter of 2001, as compared to  the  2000  second
quarter.  The increase in rental income of $3,186 or  1.50%  is
primarily  due to higher rental rates.  Other income  decreased
$4,253  or  32.26% primarily due to decreased late charges  and
other fees.   The following table illustrates the components:

                        Increase       Percent
                       (Decrease)      Change


Rental income            $3,186         1.50%
Other property           (4,253)       32.26%
                        ($1,067)        0.47%

Property operating expenses decreased $6,099 or 2.92%, for  the
second quarter of 2001, as compared to the same period in 2000.
This   was   primarily  due  to  a  decrease   in   general   &
administrative  due to decrease postage from partner  mailings.
Insurance  costs  increased $1,215  or  29.85%  from  increased
premiums.   Utilities increased $1,303 or 19.92% due to  higher
gas  costs.  The following table illustrates the components  by
category:

                                 Increase       Percent
                                (Decrease)      Change

Salaries & wages                   $300          1.81%
Maintenance & repairs            (3,040)        17.36%
Utilities                         1,303         19.92%
Real estate taxes                 1,749          7.36%
General administrative           (5,231)        37.20%
Contract services                   734          7.49%
Insurance                         1,215         29.85%
Interest                         (1,176)         2.18%
Depreciation and amortization    (2,000)         4.00%
Property management fees             47          0.43%

Net Increase (Decrease)         ($6,099          2.92%


SECOND QUARTER 2000 COMPARED TO SECOND QUARTER 1999

Revenue  from property operations increased $19,668  or  7.25%,
for  the second quarter of 2000, as compared to the 1999 second
quarter.  The increase in rental income of $14,308 or 7.25%  is
primarily  due to increased occupancy and higher rental  rates.
Other  income  increased  $5,360 or  68.52%  primarily  due  to
increased  late  charges and other fees.   The following  table
illustrates the components:

                         Increase       Percent
                        (Decrease)      Change


Rental income            $14,308         7.25%
Other property             5,360        68.52%
                         $19,668         9.58%

Property operating expenses increased $12,749 or 6.50%, for the
second quarter of 2000, as compared to the same period in 1999.
This  was primarily due from increased maintenance and repairs.
Maintenance  &  repairs  increased  $4,854  or  38.34%   higher
turnover  of  residents.   General  and  administrative   costs
increased  $3,439 or 32.37% from increases in  postage  related
mailings.  Real estate taxes increased $3,50 or 17.9% primarily
due  to   increased  assessments on  the  property.   Insurance
increased  $461 or 12.77% with the annual policy renewal.   The
following table illustrates the components by category:

                                      Increase          Percent
                                     (Decrease)         Change

Salaries & wages                      ($1,602)           8.82%
Maintenance & repairs                   4,854           38.34%
Utilities                                 (22)           0.34%
Real estate taxes                       3,501           17.29%
General administrative                  3,439           32.37%
Contract services                          62            0.64%
Insurance                                 461           12.77%
Interest                                 (781)           1.43%
Depreciation and amortization           2,000            4.17%
Property management fees                  837            8.31%

Net Increase                          $12,749            6.50%

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 June 30, 2001, the Partnership had $312,777 in cash  and
cash  equivalents  as compared to $210,193 as  of  December  31
2000.  The net increase in cash of $102,584 is principally  due
to cash flow from operations.

The  property is encumbered by non-recourse mortgage as of June
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


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

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

     11                       Not Applicable
     15                       Not Applicable
     18                       Not Applicable
     19                       Not Applicable
     20                       Not Applicable
     23                       Not Applicable









                         SIGNATURES


     Pursuant to the requirements of the Securities Exchange
     Act of 1934, the registrant has duly caused this report to
     be signed on its behalf by the undersigned thereunto duly
     authorized.


                         AMRECORP REALTY FUND II
                         a Texas limited partnership



                         By:  /s/ Robert J. Werra
                              Robert J. Werra,
                              General Partner






     Date:     August 1, 2000