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 March 31, 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 Identification Number)
   incorporation or organization


                 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 March 31, 2001 and
    December 31, 2000                                             Page 3

    Consolidated Statements of Operations for the Three months
    Ended March 31, 2001 and 2000                                 Page 4

    Consolidated Statements of Cash Flows for the Three months
    Ended March 31, 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

                                       March 31,        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               (3,162,199)      (3,114,199)
            depreciation
Real estate, net                       2,070,902        2,118,902
Investments in Real Estate
Held for Sale
Cash including cash investments          251,428          210,193
Escrow deposits                          164,232          220,453
Deferred Costs and Fees                   26,799           28,509
Other assets                               3,348            7,961

          Total assets                $2,516,709       $2,586,018



LIABILITIES AND PARTNERS'EQUITY:

LIABILITIES:
Mortgage and notes payable            $2,270,623       $2,285,057
Payable to Affiliates                        969                0
Interest payable                               0           17,757
Real estate taxes payable                 25,515                0
Security deposits                         19,451           18,301
Accounts payable and accrued expenses     68,149          143,975


      Total liabilities                2,384,707        2,465,090

PARTNERS CAPITAL (DEFICIT):
Limited Partners                         213,336          202,373
General Partners                         (81,334)         (81,445)


Total Partners Capital                   132,002          120,928
(Deficit)


Total Liability and Prtners Equity    $2,516,709       $2,586,018


    See notes to Condensed Consolidated Financial Statements



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

                                               Three Months Ended
                                                   March 31,
REVENUES                                       2001          2000

          Rental income                      $205,751      $201,314
          Other property                        6,685         7,058

              Total revenues                  212,436       208,372


EXPENSES
          Salaries & wages                     19,323        19,114
          Maintenance & repairs                13,539        13,094
          Utilities                             8,426         6,994
          Real estate taxes                    25,500        23,751
          General administrative                6,215         6,810
          Contract services                    10,421         9,873
          Insurance                             4,614         3,770
          Interest                             53,103        54,144
          Depreciation and amortization        48,000        50,000
          Property management fees             10,510        10,257
          Amortization of deferred costs        1,711         1,711
           and fees

              Total expenses                  201,362       199,518






NET INCOME (LOSS)                             $11,074        $8,854



NET INCOME PER SHARE                            $0.76         $0.61



   See Notes to Condensed Consolidated Financial Statements




                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Cash Flows
                         (Unaudited)
                                                      Three Months Ended
                                                           March 31,
                                                      2001          2000

CASH FLOWS FROM OPERATING ACTIVITY
Net income (loss)                                    $11,074        $8,854
Adjustments to reconcile net income (loss) to
net cash
provided by operating activities:
Depreciation and amortization                         48,000        50,000

Net Effect of changes in operating accounts
Escrow deposits                                       56,221        55,745
Deferred Costs                                         1,710         1,711
Accrued real estate taxes                             25,515        23,751
Security deposits                                      1,150          (200)
Accounts payable                                     (75,826)      (63,663)
Other assets                                           4,613         3,770

  Net cash used by operating activities               72,457        79,968

CASH FLOWS FROM INVESTING ACTIVITIES

  Net cash used by operating activities                    0             0

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of mortgage notes payable                 (14,434)       (12,990)
Distribution to Limited Partners                           0             0
Proceeds from amounts due affiliates                     969         2,579
Increase in accrued interest                         (17,757)      (18,161)
  Net cash provided by investing activities          (31,222)      (28,572)

NET INCREASE (DECREASE) IN CASH AND CASH              41,235        51,396
EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD       210,193       378,479

CASH AND CASH EQUIVALENT, END OF PERIOD             $251,428      $429,875

    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 March 31, 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 95.1% during the first
quarter of 2001 as compared to 98.4% for the first quarter of
2000.

FIRST QUARTER 2001 COMPARED TO FIRST QUARTER 2000

Revenue from property operations increased $4,064 or 1.95%, for
the  first  quarter  of 2001, as compared  to  the  2000  first
quarter.  The increase in rental income of $4,437 or  2.20%  is
primarily  due to higher rental rates.  Other income  decreased
$373 or 5.28% primarily due to decreased late charges and other
fees.   The following table illustrates the components:

                                   Increase      Percent
                                  (Decrease)     Change


Rental income                       $4,437        2.20%
Other property                        (373)       5.28%
                                    $4,064        1.95%

Property operating expenses increased $1,844 or .92%,  for  the
first  quarter of 2001, as compared to the same period in 2000.
This  was  primarily  due  from  increased  insurance  expense.
Insurance   costs  increased  $844  or  22.39%  from  increased
premiums.   Utilities increased $1,432 or 20.47% due to  higher
gas  costs.  The following table illustrates the components  by
category:
                                   Increase      Percent
                                  (Decrease)     Change

Salaries & wages                      $209        1.09%
Maintenance & repairs                  445        3.40%
Utilities                            1,432       20.47%
Real estate taxes                    1,749        7.36%
General administrative                (595)       8.74%
Contract services                      548        5.55%
Insurance                              844       22.39%
Interest                            (1,041)       1.92%

Depreciation and amortization       (2,000)       4.00%
Property management fees               253        2.47%
Net Increase (Decrease)             $1,844        0.92%

FIRST QUARTER 2000 COMPARED TO FIRST QUARTER 1999

Revenue from property operations increased $5,308 or 2.61%, for
the  first  quarter  of 2000, as compared  to  the  1999  first
quarter.  The increase in rental income of $3,806 or  1.93%  is
primarily  due to increased occupancy and higher rental  rates.
Other  income  increased  $1,502 or  27.03%  primarily  due  to
increased  late  charges and other fees.   The following  table
illustrates the components:

                          Increase      Percent
                         (Decrease)     Change

Rental income              $3,806        1.93%
Other property              1,502       27.03%
                           $5,308        2.61%

Property operating expenses decreased $6,849 or 3.32%, for  the
first  quarter of 2000, as compared to the same period in 1999.
This   was   primarily   due   from   decreased   general   and
administrative  costs  which dropped  $15,506  or  69.48%  from
decreases  in  postage  related mailings.    Salaries  &  wages
increased $6,374 or 50.03% due to increased staff levels.  Real
estate  taxes increased $3,501 or 17.29% due to higher property
value assessments. Maintenance and repairs decreased $2,025  or
13.39%  from lower turnover of residents.  The following  table
illustrates the components by category:


                                       Increase      Percent
                                      (Decrease)     Change

Salaries & wages                        $6,374       50.03%
Maintenance & repairs                   (2,025)      13.39%
Utilities                                  114        1.66%
Real estate taxes                        3,501       17.29%
General administrative                 (15,506)      69.48%
Contract services                         (731)       6.89%
Insurance                                  129        3.54%
Interest                                  (871)       1.58%
Depreciation and amortization            2,000        4.17%
Property management fees                   166        1.65%
Net Increase (Decrease)                ($6,849)       3.32%


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 March 31, 2001, the Partnership had $251,428 in cash and
cash  equivalents  as compared to $210,193 as  of  December  31
2000.   The net increase in cash of $41,235 is principally  due
to partnership distributions.

The property is encumbered by non-recourse mortgage as of March
31,  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:     May 1, 2000