SECURITIES AND EXCHANGE COMMISSION
                                                  Washington, DC
                                             -------------------------

                                                     FORM 10-Q


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


For the quarterly period ended November 30, 1995


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 0-17793


                   Wilder Richman Historic Properties II, L.P.
             (Exact name of Registrant as specified in its charter)


Delaware                                                         13-3481443
State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization                                Identification No.)



599 W. Putnam Avenue
Greenwich, Connecticut                                                 06830
(Address of principal executive offices)                               Zip Code


Registrant's telephone number, including area code:  (203) 869-0900


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 filing requirements
for the past 90 days.


Yes     X       No


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                                        WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

                                              Part I - Financial Information



<S>                                                                                        <C>   

Table of Contents                                                                          PAGE

Item 1. -  Financial Statements

           Balance Sheets as of November 30, 1995 (Unaudited)
           and February 28, 1995                                                             3

           Statements of  Operations  for the three and nine month periods ended
           November 30, 1995 (Unaudited) and November 30, 1994
           (Unaudited)                                                                       4

           Statements of Cash Flows for the nine months ended November 30, 1995
           (Unaudited) and November 30, 1994 (Unaudited)                                     5

           Notes to Financial Statements as of November 30, 1995 (Unaudited)                 6

Item 2. -  Management's Discussion and Analysis of Financial
             Conditions and Results of Operations                                            9


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                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                                 BALANCE SHEETS



                                                                  November 30, 1995
ASSETS                                                            (Unaudited)                 February 28, 1995
<S>                                                                  <C>                         <C>              

Cash and cash equivalents                                            $      29,141                $      30,836

Restricted cash                                                            582,287                      582,287

Investment in operating partnerships                                     2,823,486                    3,605,130

Note receivable                                                            317,713                      317,713

Accrued interest receivable                                                 72,335                       56,560
                                                                    --------------               --------------

                                                                       $ 3,824,962                  $ 4,592,526
                                                                       ===========                  ===========


LIABILITIES AND PARTNERS' EQUITY

LIABILITIES

  Other liabilities                                                 $       10,000               $       10,000
  Due to related parties                                                   120,451                      109,201
                                                                     -------------                -------------

                                                                           130,451                      119,201
                                                                     -------------                -------------

COMMITMENTS AND CONTINGENCIES

PARTNERS' EQUITY (DEFICIT)

  Limited partners                                                       3,823,874                    4,594,900
  General partner                                                         (129,363)                    (121,575)
                                                                      ------------                 ------------

                                                                         3,694,511                    4,473,325
                                                                      ------------                 ------------

                                                                        $3,824,962                  $ 4,592,526
                                                                        ==========                  ===========














                       See notes to financial statements.
</TABLE>
                                        3

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                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                  Nine Months           Three Months           Nine Months         Three Months
                                     Ended                  Ended                 Ended                 Ended
                               November 30, 1995       November 30, 1995    November 30, 1994    November 30, 1994

REVENUES
<S>                              <C>                     <C>                    <C>                  <C>

   Interest                      $       31,985          $      11,503          $      23,143        $        7,579
                                 --------------          -------------          -------------        --------------

EXPENSES

   Operating                             29,155                  8,355                 27,894                   5,424
                                ---------------        ---------------         --------------         ---------------


Income/(loss) from operations             2,830                   3,148                (4,751)                2,155

Equity in loss of operating
     partnerships                      (781,644)              (216,812)              (874,308)             (342,381)
                                  -------------           ------------           ------------          ------------

NET LOSS                           $   (778,814)           $  (213,664)           $  (879,059)          $  (340,226)
                                   ============            ===========            ===========           ===========

NET LOSS PER UNIT OF
   LIMITED PARTNERSHIP
   INTEREST                       $     (963.78)          $    (264.41)           $ (1,087.84)         $    (421.03)
                                  =============           ============            ===========          ============


























                       See notes to financial statements.
</TABLE>
                                        4

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<CAPTION>


                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)



                                                                          Nine Months           Nine Months
                                                                             Ended                 Ended
                                                                      November 30, 1995      November 30, 1994
<S>                                                                        <C>                    <C>              

CASH FLOW FROM OPERATING ACTIVITIES
   Net loss                                                                 $   (778,814)         $   (879,059)
   Adjustments to reconcile net loss to
     net cash used in operating activities:
        Equity in loss of operating partnerships                                 781,644               874,308
        Increase in interest receivable                                          (15,775)              (15,775)
        Increase in due to related parties                                        11,250                11,250
                                                                          --------------      ----------------

          Net cash used in operating activities                                   (1,695)               (9,276)
                                                                          --------------      ----------------

NET DECREASE IN CASH AND CASH EQUIVALENTS                                         (1,695)               (9,276)

CASH AND CASH EQUIVALENTS, beginning of period                                    30,836                38,572
                                                                           -------------       ---------------

CASH AND CASH EQUIVALENTS, end of period                                    $     29,141        $       29,296
                                                                            ============        ==============





























                       See notes to financial statements.
</TABLE>
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                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                          NOTES TO FINANCIAL STATEMENTS
                                NOVEMBER 30, 1995
                                   (Unaudited)





1.       The accompanying  unaudited financial  statements have been prepared in
         accordance with generally  accepted  accounting  principles for interim
         financial  information.   They  do  not  include  all  information  and
         footnotes  required by generally  accepted  accounting  principles  for
         complete financial  statements.  In the opinion of the General Partner,
         the financial  statements include all adjustments  necessary to reflect
         fairly the results of the interim  periods  presented.  All adjustments
         are of a normal recurring nature.  No significant  events have occurred
         subsequent  to February  28, 1995 and no material  contingencies  exist
         which  would  require   additional   disclosure  in  the  report  under
         Regulation S-X, Rule 10-01 paragraph A-5.

         The results of operations  for the nine months ended  November 30, 1995
         are not  necessarily  indicative  of the results to be expected for the
         entire year.

2.       The investment in Operating Partnerships as of February 28, 1995 and November 30, 1995 is as follows:

<S>                                                                               <C>

         Amount paid to investee through February 28, 1995                        $16,388,000

         Accumulated cash distributions from Operating Partnerships
          through February 28, 1995                                                (3,180,441)

         Equity in accumulated loss of Operating Partnerships
          through December 31, 1994                                                (9,602,429)
                                                                                -------------

         Balance as of February 28, 1995                                            3,605,130

         Equity in loss of Operating Partnerships for the nine months ended
          September 30, 1995                                                         (781,644)
                                                                               --------------

         Balance as of November 30, 1995                                         $  2,823,486
                                                                                 ============
</TABLE>
         The Local  Partnerships'  combined  balance  sheets as of September 30,
         1995  (unaudited) and December 31, 1994 and the combined  statements of
         operations  for the  nine  months  ended  September  30,  1995 and 1994
         (unaudited) are reflected on pages 7 and 8.

                                        6

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                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                    NOTES TO FINANCIAL STATEMENTS (continued)
                                NOVEMBER 30, 1995
                                   (Unaudited)


Note 2 - Continued

The combined  balance  sheets of the Operating  Partnerships  as of November 30,
1995 (unaudited) and December 31, 1994 are as follows:

                                                                   November 30, 1995           December 31, 1994
                                                                   -----------------           -----------------

Assets
<S>                                                                   <C>                        <C>             

         Land                                                          $   1,150,473              $   1,150,473
         Buildings and equipment (net of accumulated
           depreciation of $8,224,519 and $7,229,966,
           respectively)                                                  44,415,393                 45,379,160
         Cash and cash equivalents                                            81,283                    164,855
         Deferred costs                                                      635,356                    668,082
         Mortgage escrow deposits                                            732,682                    357,272
         Tenant security deposits                                            535,891                    490,882
         Other assets                                                         23,049                     37,094
         Real estate tax receivable                                          208,442                    208,442
                                                                     ---------------            ---------------

                                                                        $ 47,782,569               $ 48,456,260
                                                                        ============               ============

Liabilities

         Mortgages payable                                              $ 27,291,165               $ 27,446,018
         Notes payable                                                       635,427                    635,427
         Accounts payable and accrued expenses                               232,927                    118,439
         Accrued interest                                                    275,073                    243,752
         Tenants' security deposits payable                                  535,891                    490,882
         Due to general partner and affiliates                             1,397,377                  1,317,494
                                                                      --------------             --------------

                                                                          30,367,860                 30,252,012
                                                                       -------------              -------------

Partners' equity

         Wilder Richman Historic Properties II, L.P.                       2,823,486                  3,605,130
         General partner                                                  14,591,223                 14,599,118
                                                                       -------------              -------------

                                                                          17,414,709                 18,204,248
                                                                       -------------              -------------

                                                                        $ 47,782,569               $ 48,456,260
                                                                        ============               ============
</TABLE>


                                        7

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<CAPTION>


                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                    NOTES TO FINANCIAL STATEMENTS (continued)
                                NOVEMBER 30, 1995
                                   (Unaudited)



Note 2 - Continued

The unaudited  combined  statements of operations of the Operating  Partnerships
for the nine months ended September 30, 1995 and 1994 are as follows:
                                                                     Nine Months                Nine Months
                                                                     Ended                      Ended
                                                                   September 30, 1995         September 30, 1994

Revenues
<S>                                                                      <C>                      <C>    

   Rent                                                                  $ 3,831,713               $  3,824,537
                                                                         -----------               ------------

Expenses

   Administrative                                                            517,098                    476,587
   Operating                                                               1,507,941                  1,623,449
   Management fees                                                           114,951                    114,736
   Interest                                                                1,453,983                  1,459,883
   Depreciation and amortization                                           1,027,279                  1,033,021
                                                                        ------------              -------------

                                                                           4,621,252                  4,707,676
                                                                        ------------              -------------

Net Loss                                                                 $  (789,539)              $   (883,139)
                                                                         ===========               ============

Net Loss Allocated to
  Wilder Richman Historic Properties II, L.P.                            $  (781,644)              $   (874,308)
  General partner                                                             (7,895)                    (8,831)
                                                                      --------------            ---------------

                                                                         $  (789,539)              $   (883,139)
                                                                         ===========               ============
</TABLE>

3.       Additional  information,   including  the  audited  February  28,  1995
         Financial   Statements  and  the  Summary  of  Significant   Accounting
         Policies,  is included in the Partnership's  Annual Report on Form 10-K
         for the fiscal year ended February 28, 1995 on file with the Securities
         and Exchange Commission.







                                        8

<PAGE>



                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

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

           As of November 30, 1995, Wilder Richman Historic  Properties II, L.P.
           (the   "Partnership")   experienced  few  changes  in  its  financial
           condition as compared to February 28, 1995, with the exception of the
           investment in the Operating Partnerships resulting from the equity in
           loss of Operating  Partnerships  for the nine months ended  September
           30, 1995.

           In connection with the modification of the mortgages of the Operating
           Partnerships  in June,  1992,  the  Partnership  advanced cash in the
           amount of $317,713  in 1992 to provide  assistance  to the  Operating
           Partnerships  principally  in  covering  costs  associated  with  the
           modification of the mortgages.  In addition, the Partnership provided
           the mortgage lender with a letter of credit in an outstanding  amount
           of $582,287  (after  deducting  $17,713 for  operating  shortfalls in
           1992) for the purpose of covering  future  operating  deficits of the
           Operating  Partnerships.  The  outstanding  balance  of the letter of
           credit  is  secured  by cash  in the  amount  of  $582,287  which  is
           deposited  in  an  interest-bearing   account  and  is  reflected  as
           restricted cash in the accompanying balance sheet. In addition, there
           is a  matching  letter of credit  provided  by Chase  Manhattan  Bank
           ("Chase") on behalf of the Operating General Partner, leaving a total
           amount of $1,164,574 to cover  operating  shortfalls of the Operating
           Partnerships  until such  letters of credit are  released.  Under the
           terms of the loan documents,  the operating deficit letters of credit
           are to be  released  upon the  later  of (i) the  date on  which  the
           Operating  Partnerships  satisfy  the  lender as to the debt  service
           coverage  ratio  requirement on the mortgages or (ii) January 1, 1996
           (to coincide with the  expiration of Federal  income tax recapture of
           the rehabilitation credits). For the nine month period ended November
           30,  1995,  the  Partnership  accrued  interest  of  $15,775  on such
           advances  and has  accrued  aggregate  interest  on such  advances of
           $72,335 as of November  30, 1995.  See  additional  discussion  below
           concerning the release of the letters of credit.

           Under  the  terms of the loan  documents  as  modified  in 1992,  the
           Operating  General Partner provided a letter of credit to the lender,
           in  addition to the  operating  deficit  letters of credit  discussed
           above,  in the amount of  approximately  $4.2 million  (the  "Capital
           Letter of Credit")  for the purpose of revising  the base loan amount
           in the event  revenues of the complex  were not  sufficient  to cover
           operating  costs  and  debt  service.  Under  the  terms  of the loan
           documents,  the Capital  Letter of Credit is to be released  upon the
           date on which the Operating Partnerships satisfy the lender as to the
           debt service  coverage ratio  requirement  on the  mortgages.  During
           April,  1995, the Operating  General Partner  submitted to the lender
           the operating statement of the complex for 1994,  reflecting that the
           1994   operations   satisfied   the  debt  service   coverage   ratio
           requirement.  Such  submission  was  reviewed  by the  lender and was
           approved in June, 1995. Accordingly, the Capital Letter of Credit was
           returned to the Operating  General Partner by the lender.  The annual
           letter of credit fees incurred by the Operating  Partnerships on such
           balance  were  approximately  $24,000  per annum.  In  addition,  the
           Operating  General  Partner  entered into an agreement  with Chase on
           July  5,  1995  whereby   Chase  agreed  to  release  the   Operating
           Partnerships from  substantially  all of the outstanding  liabilities
           owed to Chase in  connection  with  outstanding  advances and accrued
           interest thereon  (discussed  above) in return for the release of its
           outstanding letter of credit of approximately  $600,000 on January 1,
           1996.  Notwithstanding such agreement,  the outstanding liability and
           accrued  interest thereon are reflected in the combined balance sheet
           of the  Operating  Partnerships  as of September 30, 1995 included in
           Note 2 to the accompanying  financial  statements.  As of January 15,
           1996, the Operating  General  Partner is awaiting the delivery of the
           Chase  letter of credit  from the  lender.  Upon  such  receipt,  the
           Operating  General Partner will deliver the letter of credit to Chase
           at which time it is expected  that Chase will  release the  Operating
           Partnerships  of  such  liabilities  pursuant  to the  agreement  and
           release cash escrow of approximately  $60,000 held in connection with
           the agreement.

           The  Partnership's  results  from  operations  during the nine months
           ended  November  30, 1995 were  comparable  to the nine months  ended
           November 30, 1994. The Partnership's  operating results are dependent
           upon the  operating  results of the  Operating  Partnerships  and are
           significantly impacted by the Operating  Partnerships'  policies. For
           


                                        9

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                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

Item 2.  Management's Discussion and Analysis of Financial Conditions and 
          Results of Operations  (continued)

           the period March 1, 1995 through  November 30, 1995, the statement of
           operations reflects a net loss of $778,814,  which includes equity in
           loss of Operating Partnerships of $781,644, inclusive of depreciation
           and  amortization.  For the period March 1, 1994 through November 30,
           1994,  the statement of  operations  reflects a net loss of $879,059,
           which includes equity in loss of Operating  Partnerships of $874,308,
           inclusive of depreciation and amortization.

           The Operating  Partnerships reported a net loss during the nine month
           period  ended   September   30,  1995  of   $789,539,   inclusive  of
           depreciation and amortization  expenses of $1,027,279.  The Operating
           Partnerships  reported a net loss during the nine month  period ended
           September  30,  1994  of  $883,139,  inclusive  of  depreciation  and
           amortization  expenses of  $1,033,021.  The principal  reason for the
           smaller loss in 1995 is the reduction in effective  real estate taxes
           in 1995  (approximately  $538,000)  compared to  effective  1994 real
           estate  taxes  (approximately  $780,000  per annum) based on the then
           current assessment, which was disputed and subsequently modified. The
           operating  results of the Operating  Partnerships for the nine months
           ended September 30, 1995 reflect  positive cash flow of approximately
           $108,000 after deducting  principal  amortization under the mortgages
           (approximately $155,000), deposits to required escrows (approximately
           $101,000),  and adding  accrued fees to  affiliates  of the Operating
           General  Partner and the  General  Partner  (approximately  $96,000),
           depreciation   and   amortization   of   deferred   financing   costs
           (approximately  $1,027,000)  and  accrued  interest  to Chase and the
           Partnership  (approximately $31,000). The property's performance will
           be  dependent  on the  ability  to lease  units at  similar or better
           rental rates as lease terms expire.  The Operating  Partnerships  did
           not receive any  advances  from the  Partnership  under its letter of
           credit  obligation  (discussed  above)  during the nine month  period
           ended September 30, 1995.

           Although for the near future the Operating  Partnerships are expected
           to avoid  mortgage  default  as a result of the  modified  mortgages,
           management  is continuing  to examine  methods to increase  occupancy
           rates and economize operating expenses.  The future operating results
           of the complex will be extremely  dependent on market  conditions and
           therefore may be subject to  significant  volatility.  The expiration
           period for potential historic tax credit recapture was November 1995.
           Based upon the  satisfaction  of conditions  necessary to release the
           operating deficit letters of credit (discussed  above), the Operating
           General  Partner  has  corresponded  with the lender  requesting  the
           release of the Partnership's  letter of credit,  which is expected to
           occur in the very near future.

                                       10

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                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

                           Part II - Other Information




Item 1.       Legal Proceedings

              None


Item 2.       Changes in Securities

              None


Item 3.       Defaults Upon Senior Securities

              None


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

              None


Item 5.       Other Information

              None


Item 6.       Exhibits and Reports on Form 8-K

              a. Exhibits:

                 Exhibit #:        Description:

                 27                Financial Data Schedule

              b. Reports on Form 8-K

                 None

                                       11

<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.

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

                                        By: Wilder Richman Historic Corporation
                                             General Partner


Dated:  January 16, 1996                            /s/ Richard Paul Richman
                                                    ------------------------
                                                    Richard Paul Richman
                                                    President and Chief
                                                     Executive Officer











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