1




              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, 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 March 31, 2002 and
    December 31, 2001                                 Page 3

     Consolidated Statements of Operations for the Three months
     Ended March 31, 2002 and 2001                     Page 4

     Consolidated Statements of Cash Flows for the Three months
Ended
     March 31, 2002 and 2001                           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, 2001 are Unaudited.


PART 1.   FINANCIAL INFORMATION

     Item 1.     Financial Statements

                    AMRECORP REALTY FUND II
             Condensed Consolidated Balance Sheets


                               March      December
                                31,          31,
                                2002        2001
                              (Unaudit
                                ed)

ASSETS
Real Estate assets, at cost
Land                          $580,045      $580,045
Buildings and improvements    4,678,27     4,678,271
                                    1
                              5,258,31     5,258,316
                                    6
      Less: Accumulated       (3,350,9    (3,302,996)
        depreciation              96)
Real estate, net              1,907,32     1,955,320
                                    0

Cash including cash           161,184       142,797
investments
Escrow deposits               181,790       208,514
Deferred Costs and Fees        19,957        21,667
Other assets                    3,880        10,444

          Total assets        $2,274,1    $2,338,742
                                   31


LIABILITIES AND PARTNERS'
EQUITY:

LIABILITIES:
Mortgage and notes payable    $2,224,5    $2,240,377
                                   37
Payable to Affiliates           1,528         1,242
Interest payable                    0        17,410
Real estate taxes payable      28,749             0
Security deposits              19,701        19,501
Accounts payable and accrued   74,417       158,274
expenses

      Total liabilities       2,348,93     2,436,804
                                    2
PARTNERS CAPITAL (DEFICIT):
Limited Partners                (778)      (23,806)
General Partners              (74,023)      (74,256)

Total Partners Capital        (74,801)      (98,062)
(Deficit)


                    Total     $2,274,1    $2,338,742
Liability and Partners Equity      31
    See notes to Condensed Consolidated Financial Statements



                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Operations
                          (Unaudited)
                           Three Months Ended
                                 March 31,
REVENUES                     2002       2001

         Rental income      $219,578    $205,751
         Other property        4,343       6,685
           Total revenues   223,921     212,436

EXPENSES
         Salaries & wages     21,450      19,323
         Maintenance &         5,036      13,539
        repairs
         Utilities             9,140       8,426
         Real estate taxes    28,749      25,500
         General               6,611       6,215
        administrative
         Contract services    10,055      10,421
         Insurance             6,564       4,614
         Interest             52,045      53,103
         Depreciation and     48,000      48,000
        amortization
         Property             11,299      10,510
        management fees
         Amortization of       1,711       1,711
        deferred costs
        and fees

           Total expenses   200,660     201,362

NET INCOME (LOSS)           $23,261     $11,074


NET INCOME PER SHARE              $           $
                               1.60        0.76


   See Notes to Condensed Consolidated Financial Statements




                    AMRECORP REALTY FUND II
        Condensed Consolidated Statement of Cash Flows
                           Unaudited
                                         Three Months Ended
                                              March 31,
                                           2002         2001

CASH FLOWS FROM OPERATING ACTIVITY
Net income (loss)                           $23,261    $11,074
Adjustments to reconcile net income
(loss) to net cash
provided by operating activities:
Depreciation and amortization                48,000     48,000

Net Effect of changes in operating
accounts
Escrow deposits                              26,724     56,221
Deferred Costs                                1,710      1,710
Accrued real estate taxes                    28,749     25,515
Security deposits                               200      1,150
Accounts payable                           (83,857)   (75,826)
Other assets                                  6,564      4,613

Net cash used by operating activities        51,351     72,457

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        (15,840)   (14,434)
Distribution to Limited Partners                  0          0
Proceeds from amounts due affiliates            286        969
Increase in accrued interest               (17,410)   (17,757)
    Net cash provided by investing         (32,964)   (31,222)
              activities

NET INCREASE (DECREASE) IN CASH AND          18,387     41,235
CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING        142,797    210,193
OF PERIOD

CASH AND CASH EQUIVALENT, END OF           $161,184   $251,428
PERIOD
    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, 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 96.9% during the first
quarter of 2002 as compared to 95.1% for the first quarter of
2001.

FIRST QUARTER 2002 COMPARED TO FIRST QUARTER 2001

Revenue  from property operations increased $11,485  or  5.41%,
for  the  first quarter of 2002, as compared to the 2001  first
quarter.  The increase in rental income of $13,827 or 6.72%  is
primarily  due to higher rental rates.  Other income  decreased
$2,342  or  35.03% primarily due to decreased late charges  and
other fees.   The following table illustrates the components:

                   Increase   Per
                              Cent
                   (Decreas  Chang
                      e)       e

Rental income      $13,827   6.72%
Other property     (2,342)   35.03
                                 %
                   $11,485   5.41%

Property  operating expenses decreased $702 or  .35%,  for  the
first  quarter of 2002, as compared to the same period in 2001.
This  was primarily due from decreased maintenance and  repairs
expense.  Maintenance  &  repairs decreased  primarily  due  to
reduced  preventive maintenance repairs needed on the property.
Insurance  costs  increased $1,950  or  42.26%  from  increased
premiums.    Real  estate  taxes  increased   due   to   higher
assessments  on the property.  The following table  illustrates
the components by category:

                   Increase   Per
                              Cent
                   (Decreas  Chang
                      e)       e

Salaries & wages    $2,127   11.01
                                 %
Maintenance &      (8,503)   62.80
repairs                          %
Utilities              714   8.47%
Real estate taxes    3,249   12.74
                                 %
General                396   6.37%
administrative
Contract services    (366)   3.51%
Insurance            1,950   42.26
                                 %
Interest           (1,058)   1.99%
Depreciation and         0   0.00%
amortization
Property               789   7.51%
management fees
Net Increase        ($702)   0.35%
(Decrease)


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:
                            Increas   Per Cent
                               e
                            (Decrea    Change
                              se)

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:

                            Increas   Per Cent
                               e
                            (Decrea    Change
                              se)

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

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, 2002, the Partnership had $161,184 in cash and
cash  equivalents  as compared to $142,797 as  of  December  31
2001.   The net increase in cash of $18,387 is principally  due
to cash flow from operations.

The property is encumbered by non-recourse mortgage as of March
31,  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:     May 1, 2002