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, 2002    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  75093-4707

                 (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, 2002 and
     December 31, 2001                                              Page 3

     Consolidated Statements of Operations for the Three and
     Six months Ended September 30, 2002 and 2001                   Page 4

     Consolidated Statements of Cash Flows for the Six months
     Ended September 30, 2002 and 2001                              Page 5



Item 2.  Results of Operations and Managements 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, 2001 are Unaudited.


PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements




                            AMRECORP REALTY FUND II
                     Condensed Consolidated Balance Sheets


                                            September 30,      December 31,
                                                2002               2001
                                             (Unaudited)

ASSETS

Real Estate assets, at cost                    $580,045          $580,045
Land                                          4,678,271         4,678,271
Buildings and improvements                    5,258,316         5,258,316
       Less: Accumulated depreciation        (3,446,996)       (3,302,996)
Real estate, net                              1,811,320         1,955,320
Investments in Real Estate Held for Sale
Cash including cash investments                  41,350           142,797
Escrow deposits                                 230,487           208,514
Deferred Costs and Fees                          40,095            21,667
Other assets                                      1,150            10,444

          Total assets                       $2,124,402        $2,338,742


LIABILITIES AND PARTNERS' EQUITY:

LIABILITIES:
Mortgage and notes payable                   $2,199,839        $2,240,377
Payable to Affiliates                             1,394             1,242
Interest payable                                      0            17,410
Real estate taxes payable                        86,414                 0
Security deposits                                20,665            19,501
Accounts payable and accrued expenses            83,407           158,274

      Total liabilities                       2,391,719         2,436,804

PARTNERS CAPITAL (DEFICIT):
Limited Partners                               (193,550)          (23,806)
General Partners                                (73,767)          (74,256)

Total Partners Capital (Deficit)               (267,317)          (98,062)


    Total Liability and Partners Equity      $2,124,402        $2,338,742

    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                         2002          2001        2002         2001

  Rental income                 $219,561   $214,370    $654,861     $635,028
  Other property                   5,942      7,750      15,852       23,365
       Total revenues            225,503    222,120     670,713      658,393

EXPENSES
  Salaries & wages                19,351     22,433      59,279       58,624
  Maintenance & repairs            9,418     14,868      21,178       42,881
  Utilities                        8,413      9,713      24,531       25,983
  Real estate taxes               28,916     25,500      86,414        76,50
  General administrative           8,383     20,069      34,797       35,115
  Contract services               11,971     10,323      32,455       31,272
  Insurance                        9,900      5,637      25,333       15,536
  Interest                        51,478     52,587     155,289      158,538
  Depreciation and amortization   48,000     48,000     144,000      144,000
  Property management fees        11,194     10,945      33,400       32,412
  Amortization of deferred
     costs & fees                  1,711      1,712       5,132        5,133

              Total expenses     208,735    221,787     621,808      625,994


NET INCOME (LOSS)                $16,768       $333     $48,905      $32,399


NET INCOME PER SHA                 $1.15      $0.02       $3.36        $2.23


   See Notes to Condensed Consolidated Financial Statements




                           AMRECORP REALTY FUND II
                Condensed Consolidated Statement of Cash Flows
                                 Unaudited

                                                      Nine Months Ended
                                                        September 30,
                                                  2002                 2001

CASH FLOWS FROM OPERATING ACTIVITY
Net income (loss)                              $48,905              $32,399
Adjustments to reconcile net income (loss)
to net cash provided by operating activities:
Depreciation and amortization                  144,000              144,000

Net Effect of changes in operating accounts
Escrow deposits                                (21,973)              22,397
Deferred Costs                                 (18,428)              (8,691)
Accrued real estate taxes                       86,414               76,515
Security deposits                                1,164                  800
Accounts payable                               (74,867)             (66,240)
Other assets                                     9,294                6,811

   Net cash used by operating activities       174,509              207,991

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            (40,538)             (36,942)
Distribution to Limited Partners              (218,160)                   2
Proceeds from amounts due affiliates               152                2,712
Increase in accrued interest                   (17,410)             (17,757)
 Net cash provided by investing activities    (275,956)             (51,985)

NET INCREASE (DECREASE) IN CASH AND CASH      (101,447)             156,006
  EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF        142,797              210,193
  PERIOD

CASH AND CASH EQUIVALENT, END OF PERIOD        $41,350             $366,199

    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, 2002 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 95.3% during the third
quarter of 2002 as compared to 99.0% for the third quarter of
2001.

THIRD QUARTER 2002 COMPARED TO THIRD QUARTER 2001

Revenue from property operations increased $3,383 or 1.52%, for
the  third  quarter  of 2002, as compared  to  the  2001  third
quarter.   Rental income increased $5,191 or 2.42% from  higher
rental   rates.   Other  income  decreased  $1,808  or   23.33%
primarily  due to decreased late charges and other fees.    The
following table illustrates the components:


                                   Increase     Percent
                                  (Decrease)    Change

Rental income                       $5,191       2.42%
Other property                      (1,808)     23.33%
                                    $3,383       1.52%


Property operating expenses decreased $13,051 or 5.88%, for the
third  quarter of 2002, as compared to the same period in 2001.
This   was   primarily   due   from   decreased   general   and
administrative costs.  General & administrative costs decreased
primarily due to partnership mailings being charged earlier  in
the  year.    Insurance costs increased $4,263 or  75.63%  from
increased  premiums.  Maintenance and repairs decreased  $5,450
or 36.66% due to fewer outside contractor repairs needed on the
property.  Salaries increased $3,082 or 13.74% primarily due to
increased  on-site  maintenance.  Contract  services  increased
$1,648  or  15.96%  due  to  higher  pest  control  and   cable
television   costs.   The  following  table   illustrates   the
components by category:

                                                   Increase        Percent
                                                  (Decrease)       Change

Salaries & wages                                   ($3,082)         13.74%
Maintenance & repairs                               (5,450)         36.66%
Utilities                                           (1,300)         13.38%
Real estate taxes                                    3,416          13.40%
General administrative                             (11,686)         58.23%
Contract services                                    1,648          15.96%
Insurance                                            4,263          75.63%
Interest                                            (1,109)          2.11%
Property management fees                               249           2.28%
Net Increase (Decrease)                           ($13,051)          5.88%


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 (Decrease)                             $12,532            5.99%


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 were 1.3 million dollars  resulting  in
cash distribution of $100.00 per unit.

As  of September 30, 2002, the Partnership had $41,150 in  cash
and cash equivalents as compared to $142,797 as of December  31
2001.  The net decrease in cash of $101,647 is principally  due
to a distribution made September 30, 2002.

On  September 30, 2002 the partnership distributed  $15.00  per
limited partnership unit to units of record September 30, 2002.
This  distribution was made from excess cash on hand from  cash
flow from operations.
The  property  is  encumbered by non-recourse  mortgage  as  of
September  30, 2002, with an interest rate of 9.325%.  Required
principal  payments on this mortgage note for the  three  years
ended  December  31,  2004,  are $49,029  $53,082  and  $59,039
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:     November 1, 2002


                   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 Company) on Form 10-Q for the period  ending
  September 30, 2002 as filed with the Securities and  Exchange
  Commission  on the date hereof (the Report),  I,  Robert  J
  Werra,  Principal  Executive  Officer  and  Paul  M.  Ivanoff
  Treasurer  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 Company.




/s/ Robert J. Werra                /s/ Paul M. Ivanoff
    Robert J. Werra                    Paul M. Ivanoff
    CEO Univesco, Inc.                 Treasurer
    Management Agent                   Univesco, Inc.
                                       Management Agent



  November 1, 2002