UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, DC.  20549

                             FORM 10-Q / A
                           Amendment No. 1

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended           June 30, 2004
                               ---------------------------------------

                                  or

[   ]  TRANSITION  REPORT  PURSUANT TO SECTION  13  OR  15(d)  OF  THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________________to ___________________

Commission file number                       0-14934
                       -----------------------------------------------

                     DIVERSIFIED HISTORIC INVESTORS
----------------------------------------------------------------------
        (Exact name of registrant as specified in its charter)

     Pennsylvania                                        23-2312037
-------------------------------                    -------------------
(State or other jurisdiction of                    (I.R.S. Employer
incorporation or organization)                      Identification No.)

                 1521 Locust Street, Philadelphia, PA   19102
----------------------------------------------------------------------
           (Address of principal executive offices)   (Zip Code)

Registrant's telephone number, including area code (215) 557-9800
                                                   -------------------


                                    N/A
----------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since
                             last report)

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   X    No
             -----     -----

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

<PAGE>

                        EXPLANATORY NOTE


Diversified Historic Investors  (the "Registrant") is filing  the
following Quarterly Report on Form 10-Q for the period ended June
30,  2004  containing consolidated financial statements.

On July 11th, 2005 the Securities and Exchange Commission ("SEC")
notified   the  Registrant  of  its  non-compliance  in   meeting
reporting  requirements  under Section  13(a)  or  15(d)  of  the
Securities  and Exchange Act of 1934. The Registrant's  inability
to  meet its reporting requirements is due to the dissolution  of
its  former auditor, Gross Kreger & Passio, LLC. This  event  was
discussed in Item 4.01 of the Registrant's Form 8-K filed on June
27th, 2005.

The  Registrant  recently  engaged a new  firm,  Russell  Bedford
Stefanou  Mirchandani, LLP to audit and review  the  Registrants'
outstanding  consolidated financial statements. Accordingly,  the
Company is re-filing the Original Filing in its entirety with  an
updated Item 1 of the Original Filing.  The Company has not  made
any other changes to the Original Filing. This Amendment No. 1 on
Form  10-Q/A  continues to speak as of the date of  the  Original
Filing, and the Company has not updated the disclosures contained
therein to reflect any events that occurred at a later date.


<PAGE>


                 PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements

                 DIVERSIFIED HISTORIC INVESTORS
                 ------------------------------
              (a Pennsylvania limited partnership)

                   CONSOLIDATED BALANCE SHEETS
                   ---------------------------
                             Assets


                              June 30, 2004    December 31, 2003
                              --------------   -----------------
                               (Unaudited)


 Cash and cash equivalents     $     4,388         $     6,474
 Restricted cash                    51,611              78,679
 Accounts receivable                14,762               2,559
Other assets (net of
  accumulated amortization  of
  $36,554 and $38,305)              45,377              21,451
                                ----------          ----------
                                   116,138             109,163
                                ----------          ----------
Rental properties, at cost:
Land                               294,000             294,000
Buildings and improvements       3,899,165           3,899,165
Furniture and fixtures             202,374             202,374
                                ----------          ----------
                                 4,395,539           4,395,539
Less - accumulated depreciation (3,146,951)         (3,061,970)
                                ----------          ----------
                                 1,248,588           1,333,569
                                ----------          ----------
     Total                      $1,364,726          $1,442,732
                                ==========          ==========

                Liabilities and Partners' Equity
Liabilities:
 Debt obligations               $3,500,043          $3,500,043
 Accounts payable:
  Trade                            439,010             388,662
  Related parties                  577,356             565,254
 Interest payable                1,183,707           1,157,368
 Tenant security deposits           52,995              39,950
 Other liabilities                  10,989               9,618
                                ----------          ----------
 Total liabilities               5,764,100           5,660,895
Partners' deficit               (4,399,374)         (4,218,163)
                                ----------          ----------
     Total                      $1,364,726          $1,442,732
                                ==========          ==========



The accompanied notes are an integral part of these financial statements.


<PAGE>



                 DIVERSIFIED HISTORIC INVESTORS
                 ------------------------------
              (a Pennsylvania limited partnership)

              CONSOLIDATED STATEMENTS OF OPERATIONS
              -------------------------------------
                           (Unaudited)





                           Three months             Six months
                          ended June 30,          ended June 30,
                         2004        2003        2004        2003
                         ----        ----        ----        ----
Revenues:
 Rental income        $126,104    $143,208    $244,277     $287,370
 Interest income           192         194         864          477
                      --------    --------    --------     --------
  Total revenues       126,296     143,402     245,141      287,847
                      --------    --------    --------     --------
Costs and expenses:
 Rental operations     101,199      60,511     193,482      185,583
 Interest               64,925     132,276     146,941      265,760
 Depreciation and
  amortization          42,965      49,378      85,930       98,755
                      --------    --------    --------     --------
  Total costs and
   expenses            209,089     242,165     426,353      550,098
                      --------    --------    --------     --------
Net loss             ($ 82,793)  ($ 98,763)  ($181,212)   ($262,251)
                      ========    ========    ========     ========

Net loss per
 limited
 partnership unit:   ($   7.06)  ($   8.42)  ($  15.45)   ($  22.36)
                      ========    ========    ========     ========

The accompanied notes are an integral part of these financial statements.

<PAGE>


                    DIVERSIFIED HISTORIC INVESTORS
                  ---------------------------------
                 (a Pennsylvania limited partnership)

                 CONSOLIDATED STATEMENTS OF CASH FLOWS
                 -------------------------------------
                              (Unaudited)

                                                Six months ended
                                                    June 30,
                                               2004          2003
                                               ----          ----
Cash flows from operating activities:
 Net loss                                  ($181,212)     ($262,251)
 Adjustments to reconcile net income
  to net cash provided by (used in)
  operating activities:
  Depreciation and amortization               85,930         98,755
 Changes in assets and liabilities:
  Decrease in restricted cash                 27,068         21,731
  (Increase) decrease in accounts
   receivable                                (12,203)         1,737
  Increase in other assets                   (24,875)       (18,092)
  Increase in accounts payable - trade        50,348         35,328
  Increase in accounts payable -
   related parties
                                              12,102         18,253
  Increase in interest payable                26,339        110,007
  Increase (decrease) in accrued
   liabilities
                                               1,372           (240)
  Increase in tenant security deposits        13,045          1,705
                                            --------       --------
Net cash (used in) provided by
 operating activities                         (2,086)         6,933
                                            --------       --------
Net cash used in investing activities:
 Capital expenditures                              0        (10,095)
                                            --------       --------
Net cash used in investing activities              0        (10,095)

Decrease in cash and cash equivalents         (2,086)        (3,162)

Cash and cash equivalents at
 beginning of period                           6,474         13,077
                                            --------       --------
Cash and cash equivalents at end of
 period                                     $  4,388       $  9,915
                                            ========       ========



The accompanied notes are an integral part of these financial statements.

<PAGE>





                 DIVERSIFIED HISTORIC INVESTORS
                 ------------------------------
              (a Pennsylvania limited partnership)

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                           (Unaudited)



NOTE 1 - BASIS OF PRESENTATION
------------------------------

The  unaudited  consolidated financial statements of  Diversified
Historic Investors (the "Registrant") and related notes have been
prepared  pursuant to the rules and regulations of the Securities
and  Exchange  Commission.  Accordingly, certain information  and
footnote  disclosures  normally included in financial  statements
prepared   in  accordance  with  generally  accepted   accounting
principles  have  been  omitted  pursuant  to  such   rules   and
regulations.  The accompanying consolidated financial  statements
and  related notes should be read in conjunction with the audited
financial  statements  on  Form 10-Q and  notes  thereto  of  the
Registrant for the year ended December 31, 2003.

The information furnished reflects, in the opinion of management,
all   adjustments,  consisting  of  normal  recurring   accruals,
necessary  for a fair presentation of the results of the  interim
periods presented.


NOTE 2 - EXTRAORDINARY GAIN
---------------------------

During 2003, the remaining Smythe Store units were foreclosed  by
the  mortgage holder resulting in an extraordinary  gain  on  the
extinguishment of debt of $1,929,755.


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

     (1)     Liquidity

              As  of  June  30,  2004,  Registrant  had  cash  of
approximately  $4,388.  Cash generated from  operations  is  used
primarily to fund operating expenses and debt service.   If  cash
flow  proves to be insufficient, the Registrant will  attempt  to
negotiate with the various lenders in order to remain current  on
all  obligations.  The Registrant is not aware of any  additional
sources of liquidity.

              As of June 30, 2004, Registrant had restricted cash
of  $51,611  consisting  primarily  of  funds  held  as  security
deposits,  replacement  reserves and escrows  for  taxes.   As  a
consequence of these restrictions as to use, Registrant does  not
deem these funds to be a source of liquidity.

                In  recent  years,  the Registrant  has  realized
significant  losses, including the foreclosure of six properties,
due to the properties' inability to generate sufficient cash flow
to pay their operating expenses and debt service.  The Registrant
has  first  mortgages  in  place in each  of  its  remaining  two
properties that are cash-flow mortgages, requiring all  available
cash  after payment of operating expenses to be paid to the first
mortgage holder. Therefore, it is unlikely that any cash will  be
available to the Registrant to pay its general and administrative
expenses  and  debt service to pay debt service on  the  past-due
subordinate mortgage with respect to the Third Quarter or to  pay
any  debt  service on the two accrual mortgages with  respect  to
Wistar Alley.  Notice of default has been received from the first
mortgage lender on the Registrant's remaining two properties.

             It is the Registrant's intention to continue to hold
the  properties until the lender seeks payment on  the  past  due
mortgage  and the properties are foreclosed, or the market  value
of  the properties increases to a point where they can be sold at
a price which is sufficient to repay the underlying indebtedness.

              On  October  2, 2003, the remaining  Smythe  Stores
condominium units were foreclosed by the mortgage holder.   As  a
result  the  Registrant recognized an extraordinary gain  on  the
extinguishment of debt in the amount of $1,929,755, which is  the
excess  of  debt on the property over the net book value  of  the
asset.


     (2)     Capital Resources

               Any  capital  expenditures  needed  are  generally
replacement  items and are funded out of cash from operations  or
replacement  reserves,  if  any.  The  Registrant  believes  that
historical  capital expenditure levels are indicative of  capital
requirements in the future and accordingly, does not believe that
it  will  have to commit material resources to capital investment
for the foreseeable future.  If the need for capital expenditures
does  arise,  the  first mortgage holder for  Third  Quarter  and
Wistar  Alley  has agreed to fund capital expenditures  at  terms
similar to the first mortgage.

     (3)     Results of Operations

              During  the  second  quarter  of  2004,  Registrant
incurred  a  net  loss of $82,793 ($7.06 per limited  partnership
unit)  compared  to  a  net loss of $98,763  ($8.42  per  limited
partnership unit) for the same period in 2003.  For the first six
months  of  2004, the Registrant incurred a net loss of  $181,212
($15.45  per limited partnership unit) compared to a net loss  of
$262,251  ($22.36  per limited partnership  unit)  for  the  same
period in 2003.

             Rental income decreased $17,104 from $143,208 in the
second quarter of 2003 to $126,104 in the same period in 2004 and
decreased $43,093 from $287,370 for the first six months of  2003
to $244,277 for the same period in 2004.  Rental income decreased
from  the second quarter and first six months of 2003 to the same
periods in 2004 due to a decrease in average occupancy at  Wistar
Alley  (94% to 90%) and the foreclosure of the Smythe Store units
on October 2, 2003.

              Rental  operations expense increased  $40,688  from
$60,511 during the second quarter of 2003 to $101,199 in the same
period of 2004 and for the first six months increased $7,899 from
$185,583 during the first six months of 2003 to $193,482 for  the
same  period of 2004.  The increase in rental operations  expense
from  the second quarter and first six months of 2003 to the same
periods in 2004 is due to an increase in maintenance expense  and
legal  fees,  partially  offset by a  decrease  in  miscellaneous
operating  expense  and  leasing commissions.   The  increase  in
maintenance  expense  is  due  to an  increase  in  plumbing  and
electrical  expense  and roof repairs at  Third  Quarter  and  an
increase  in  maintenance service and apartment  preparations  at
Wistar Alley.  The increase in legal fees at Third Quarter is due
to  the eviction of a tenant. The decrease in leasing commissions
is  due to a decrease in apartment turnover at Third Quarter. The
decrease in miscellaneous operating expenses at Third Quarter  is
due to a decrease in office expense and Visa/MC/MAC charges.  The
decrease in rental operations at the Smythe Stores is due to  the
foreclosure of the building on October 2, 2003.

              Interest expense decreased $67,350 from $132,275 in
the  second quarter of 2003 to $64,925 in the same period in 2004
and decreased $118,819 from $265,760 for the first six months  of
2003  to  $146,941 for the same period in 2004. Interest  expense
decreased due to the foreclosure of Smythe Stores.

              The loss incurred during the second quarter at  the
Registrant's properties was approximately $80,000, compared to  a
net  loss  of approximately $90,000 for the same period in  2003.
For  the  first  six months of 2004, the Registrant's  properties
incurred a net loss of approximately $155,000 compared to  a  net
loss of approximately $230,000 for the same period in 2003.

              In  the second quarter of 2004, Registrant incurred
no  loss at the Smythe Stores Condominium complex, compared to  a
loss  of $48,000 in the second quarter of 2003, including  $6,000
of  depreciation  expense.   In the first  six  months  of  2004,
Registrant  incurred  no loss, compared to  a  loss  of  $100,000
including $13,000 of depreciation expense for the same period  in
2003.  The decrease in loss from the second quarter and the first
six  months of 2003 compared to the same periods in 2004  is  due
the foreclosure of the property on October 2, 2003.

              On  October  2, 2003, the remaining  Smythe  Stores
condominium units were foreclosed by the mortgage holder.   As  a
result  the  Registrant recognized an extraordinary gain  on  the
extinguishment of debt in the amount of $1,929,755, which is  the
excess  of  debt on the property over the net book value  of  the
asset.

             In the second quarter of 2004, Registrant incurred a
loss  of  $39,000  at  the  Third Quarter  Apartments,  including
$20,000  of  depreciation expense, compared  a  loss  of  $29,000
including  $20,000 of depreciation expense in the second  quarter
of 2003.  The increase in loss from the second quarter of 2003 to
the  same  period  in 2004 is due to an increase  in  maintenance
expense  and legal fees.  The increase in maintenance expense  is
due  to  an increase in plumbing and electrical expense and  roof
repairs.  The increase in legal fees is due to the eviction of  a
tenant.

              For  the  first  six  months  of  2004,  Registrant
incurred  a  loss  of  $65,000 at the Third  Quarter  Apartments,
including $40,000 of depreciation expense compared to a  loss  of
$76,000  including $39,000 of depreciation expense for the  first
six  months  of  2003. The decrease in loss from  the  first  six
months of 2003 to the same period in 2004 is due to a decrease in
leasing  commissions  and miscellaneous operating  expenses.  The
decrease in leasing commissions is due to a decrease in apartment
turnover. The decrease in miscellaneous operating expenses is due
to a decrease in office expense and Visa/MC/MAC charges.

             In the second quarter of 2004, Registrant incurred a
loss   of   $41,000  at  Wistar  Alley,  including   $23,000   of
depreciation  expense, compared to a loss of  $13,000,  including
$23,000  of depreciation expense, in the second quarter of  2003.
For  the first six months of 2004, Registrant incurred a loss  of
$90,000, including $46,000 of depreciation expense compared to  a
loss of $54,000 including $46,000 of depreciation expense for the
first  six  months  of 2003. The increase in loss  for  both  the
second  quarter and first six months of 2003 to the same  periods
in  2004  is  a  decrease in rental income  and  an  increase  in
maintenance expense. The decrease in rental income is  due  to  a
decrease  in  average  occupancy (95% to 84%).  The  increase  in
maintenance expense is due to the increase in maintenance service
and apartment preparations.




Item 3.   Quantitative and Qualitative Disclosures
          About Market Risk

             All of our assets and liabilities are denominated in
U.S. dollars, and as a result, we do not have exposure to
currency exchange risks.

             We do not engage in any interest rate, foreign
currency exchange rate or commodity price-hedging transactions,
and as a result, we do not have exposure to derivatives risk.

Item 4.    Controls and Procedures

              We maintain disclosure controls and procedures that
are  designed to ensure that information required to be disclosed
in  our  Securities  Exchange Act of 1934  reports  is  recorded,
processed,  summarized and reported and that such information  is
accumulated  and  communicated to our management,  including  our
managing  partner's  principal executive  officer  and  principal
financial  officer,  as  appropriate, to allow  timely  decisions
regarding  required disclosure.  In designing and evaluating  the
disclosure  controls  and procedures, our  management  recognized
that any controls and procedures, no matter how well designed and
operated, can provide only reasonable assurance of achieving  the
desired  control  objectives, and our management necessarily  was
required  to  apply its judgment in evaluating  the  cost-benefit
relationship of possible controls and procedures.

              Under  the  supervision of our  managing  partner's
principal  executive officer and principal financial  officer  we
have  carried  out  an  evaluation of the  effectiveness  of  our
adopted disclosure controls and procedures as of the end  of  the
period  covered by this report.  Based upon that evaluation,  our
managing  partner's  president and treasurer concluded  that  our
disclosure controls and procedures are effective.

              There  have  been  no significant  changes  in  our
internal  controls over financial reporting that  has  materially
affected,  or  is  reasonably likely to  materially  affect,  our
internal control over financial reporting during our most  recent
fiscal  quarter.


<PAGE>


                   PART II - OTHER INFORMATION


Item 1.   Legal Proceedings

                To the best of its knowledge, Registrant is not a
party  to, nor is any of its property the subject of, any pending
material legal proceedings.

Item 4.   Submission of Matters to a Vote of Security Holders

              No  matter was submitted during the quarter covered
by this report to a vote of security holders.

Item 5.   Other Information

             None.

Item 6.   Exhibits

      (a)  Exhibit  Number      Document
           ---------------      --------

              3                 Registrant's    Amended     and
                                Restated Certificate of Limited
                                Partnership  and  Agreement  of
                                Limited Partnership, previously
                                filed as part of Amendment  No.
                                2  of Registrant's Registration
                                Statement  on  Form  S-11,  are
                                incorporated     herein      by
                                reference.

            21                  Subsidiaries of the  Registrant
                                are    listed   in   Item    2.
                                Properties   on   Form    10-K,
                                previously      filed       and
                                incorporated     herein      by
                                reference.

            31                  General     Partners    Opinion
                                Certification

            32                  Certification  Pursuant  to  18
                                U.S.C. Section 1350, As Adopted
                                Pursuant to Section 906 of  the
                                Sarbanes-Oxley Act of 2002


<PAGE>


                           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.

Date:  August 16, 2006     DIVERSIFIED HISTORIC INVESTORS
       ---------------
                           By: Diversified Historic Advisors,
                               General Partner

                               By: EPK, Inc., Partner

                                   By: /s/  Spencer  Wertheimer
                                       ------------------------
                                        SPENCER WERTHEIMER
                                        President (principal
                                         executive officer,
                                         principal financial
                                         officer) of the
                                         registrant's managing
                                          partner, EPK, Inc.

<PAGE>