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 August 31, 2001


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
     --------      -------

<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

                         Part I - Financial Information


Table of Contents

Item 1.  Financial Statements                                          Page
         --------------------                                          ----

       Balance Sheets as of August 31, 2001 (Unaudited) and
         February 28, 2001                                                 3

       Statements of Operations for the three and six month periods
         ended August 31, 2001 and 2000 (Unaudited)                        4

       Statements of Cash Flows for the six months
         ended August 31, 2001 and 2000 (Unaudited)                        5

       Notes to Financial Statements as of August 31, 2001 (Unaudited)     6


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


Item 3.  Quantitative and Qualitative Disclosure about Market Risk        10


                                       2
<PAGE>


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


                                           August 31, 2001
                                           (Unaudited)       February 28, 2001
                                           -----------       -----------------

ASSETS

Cash and cash equivalents                  $     152,029       $     157,990

Investments in operating partnerships          1,479,332           1,405,503

Accrued interest receivable                       10,780              10,084
                                           -------------       -------------
                                            $  1,642,141        $  1,573,577
                                            ============        ============


LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities

  Other liabilities                       $       10,000       $      10,000
  Due to related parties                         186,701             179,201
                                           -------------       -------------
                                                196,701             189,201
                                           -------------       -------------


Partners' equity (deficit)

  Limited partners                             1,587,654           1,527,201
  General partner                               (142,214)           (142,825)
                                           -------------         ------------
                                               1,445,440           1,384,376
                                           -------------         -----------
                                             $ 1,642,141         $ 1,573,577
                                           =============         ===========


                       See notes to financial statements.


                                       3
<PAGE>

<TABLE>
<CAPTION>

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

                                Three Months    Six Months        Three Months       Six Months
                                    Ended         Ended              Ended              Ended
                              August 31, 2001  August 31, 2001  August 31, 2000   August 31, 2000
                              ---------------  ---------------  ---------------   ---------------
REVENUES

<S>                              <C>           <C>              <C>               <C>
  Interest                       $   1,373     $   3,144        $    3,430         $    6,929

EXPENSES

  Operating                          7,066        15,909            11,445             18,629
                                 ---------     ---------         ---------          ---------

Loss from operations                (5,693)      (12,765)           (8,015)           (11,700)
                                 ---------     ---------         ---------          ---------

Equity in income (loss) of
   operating partnerships
   from operations                 (43,733)       73,829          (104,780)           (39,126)

Extraordinary item - operating
    partnership write-off of
      financing
    costs                                                        (429,112)          (429,112)
                                  ---------     ---------         --------          ---------

Net earnings (loss) from
    operating partnerships         (43,733)       73,829          (533,892)          (468,238)
                                 ---------     ---------         ---------          ---------
NET EARNINGS (LOSS)              $ (49,426)    $  61,064        $ (541,907)        $ (479,938)
                                 =========     =========         =========          =========

NET EARNINGS (LOSS) PER UNIT
  OF LIMITED PARTNERSHIP
  INTEREST                       $  (61.16)    $   75.57        $  (670.61)        $  (593.92)
                                 =========     =========        ==========         ==========
</TABLE>


                       See notes to financial statements.


                                       4
<PAGE>


                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                            STATEMENTS OF CASH FLOWS
                    SIX MONTHS ENDED AUGUST 31, 2001 AND 2000
                                   (Unaudited)


                                                  2001            2000
                                               -----------      --------

CASH FLOWS FROM OPERATING ACTIVITIES

Net earnings (loss)                           $     61,064   $   (479,938)

Adjustments to reconcile net earnings (loss)
 to net cash used in operating activities
   Equity in loss (income) of operating
   partnerships                                    (73,829)       468,238
   Increase in accrued interest receivable            (696)           (96)
   Decrease in other liabilities                                   (5,000)
   Increase in due to related parties                7,500           7,500
                                              ------------   -------------
Net cash used in operating activities               (5,961)         (9,296)
                                              ------------   -------------

Net decrease in cash and cash equivalents           (5,961)        (9,296)

Cash and cash equivalents at beginning
 of period                                         157,990        180,125
                                              ------------   ------------
Cash and cash equivalents at end of period    $    152,029   $    170,829
                                              ============   ============


                       See notes to financial statements.


                                       5
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                          NOTES TO FINANCIAL STATEMENTS
                                 AUGUST 31, 2001
                                   (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.  The results of operations are impacted
      significantly   by  the   results  of   operations   of  the   Operating
      Partnerships,  which are provided on an unaudited  basis during  interim
      periods.   Accordingly,   the  accompanying   financial  statements  are
      dependent on such unaudited  information.  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,  2001  and  no  material
      contingencies  exist which would require  additional  disclosures in the
      report under Regulation S-X, Rule 10-01 paragraph A-5.

      The results of operations for the six months ended August 31, 2001 are not
      necessarily indicative of the results to be expected for the entire year.


2.    The  investments  in  Operating  Partnerships  as of August 31, 2001 and
      February 28, 2001 are as follows:

      Amount paid to investee through February 28, 2001            $ 16,388,000

      Accumulated cash distributions from Operating
        Partnerships through February 28, 2001                       (3,180,441)

      Equity in accumulated loss of Operating Partnerships
        through February 28, 2001                                   (11,802,056)
                                                                   ------------
      Balance, February 28, 2001                                      1,405,503

      Equity in income of operating partnerships for the
        six months ended June 30, 2001                                   73,829
                                                                   ------------
      Balance, August 31, 2001                                     $  1,479,332
                                                                   ============


                                       6
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                    NOTES TO FINANCIAL STATEMENTS - continued
                                 AUGUST 31, 2001
                                   (Unaudited)


Note 2 - Continued

      The combined balance sheets of the Operating Partnerships as of June 30,
      2001 and December 31, 2000 are as follows:

                                                 June 30, 2001    December 31,
                                                  (Unaudited)        2000
                                                  -----------        ----
      ASSETS

      Land                                     $   1,150,473   $   1,150,473
      Buildings and equipment (net of
        accumulated depreciation of $15,933,756
        and 15,245,400)                           37,967,110      38,655,465
      Cash and cash equivalents                    2,771,508       1,959,906
      Deferred costs                                 861,539         876,139
      Mortgage escrow deposits                     2,888,663       2,854,409
      Tenant security deposits                       853,967         852,014
      Other assets                                    29,862          92,372
                                               -------------    ------------
                                               $  46,523,122    $ 46,440,778
                                               =============    ============

      LIABILITIES AND PARTNERS' EQUITY

      Liabilities

        Mortgages payable                       $ 28,600,000    $ 28,600,000
        Accounts payable and accrued expenses        152,609         199,935
        Accrued interest                              45,040          45,040
        Tenant security deposits payable             852,014         852,014
        Due to general partner and affiliates        998,963         976,571
                                              --------------  --------------
                                                  30,648,626      30,673,560

      Partners' equity

        Wilder Richman Historic Properties
          II, L.P.                                 1,479,332      1,405,503
        General partner                           14,395,164      14,361,715
                                              --------------  --------------
                                                  15,874,496      15,767,218

                                                $ 46,523,122    $ 46,440,778
                                                ============    ============


                                       7
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                    NOTES TO FINANCIAL STATEMENTS - continued
                                 AUGUST 31, 2001
                                   (Unaudited)


Note 2 - Continued

      The combined unaudited statements of the operations of the Operating
      Partnerships for the six months ended June 30, 2001 and 2000 are as
      follows:


                                                   2001              2000
                                             ---------------     --------------
      Revenue

      Rent                                    $  3,734,361        $ 3,492,375
                                              ------------        -----------
                                                 3,734,361          3,492,375
                                              ------------        -----------

      Expenses

      Administrative                               555,463            277,919
      Operating                                  1,641,302          1,552,494
      Management fees                              145,545            107,884
      Interest                                     581,818            927,061
      Depreciation and amortization                702,955            666,538
                                              ------------        -----------
                                                 3,628,083          3,531,896
                                              ------------        -----------

      Income (loss) before extraordinary item      107,278            (39,521)

      Extraordinary item - write-off of
       financing fees                                                (433,447)
                                              ------------        -----------

      Net EARNINGS (loss)                     $    107,278        $  (472,968)
                                              ============        ===========

      Net EARNINGS (loss) allocated to

      Wilder Richman Historic Properties
      II, L.P.                                $     73,829        $  (468,238)
      General partner                               33,449             (4,730)
                                              ------------        -----------
                                              $    107,278        $  (472,968)
                                              ============        ===========


3.    Additional information, including the audited February 28, 2001 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, 2001 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

Liquidity and Capital Resources

As of August 31, 2001, Wilder Richman Historic Properties II, L.P. (the
"Partnership") experienced few changes in its financial condition as compared to
February 28, 2001, with the exception of the investment in the Operating
Partnerships resulting from the equity in income of operating partnerships for
the six months ended June 30, 2001.

The Operating Partnerships refinanced their respective outstanding mortgage
liabilities as of April 28, 2000. Prior to the refinancing, the annual fixed
interest rate of the mortgage was approximately 6.74%. The total new
indebtedness in the amount of $28,600,000 for a term of 30 years was provided by
(a) variable-rate tax-exempt bonds in the amount of $26,435,000, and (b)
variable-rate taxable bonds in the amount of $2,165,000. The initial interest
rates on the tax-exempt and taxable bonds are 5.1% and 6.15%, respectively. The
Operating Partnerships purchased an interest rate cap, which would limit the
interest rates to 6.97% for five years on the tax-exempt portion, and 9.15% for
five and one-half years on the taxable portion. Proceeds from the new bond issue
enabled the Operating Partnerships to create a reserve for capital improvements
(approximately $1,365,000). In addition, the previous balance in the replacement
reserve at such time (approximately $903,000) was transferred to the capital
improvement reserve.

As a result of the reduction of the mortgage interest rate, there may be greater
potential for the Operating Partnerships to generate cash flow. However,
the Partnership's ability to make distributions will depend on the level of
interest rates and future operating results of the Complex, which will be
extremely dependent on competition, market conditions and needed capital
improvements and repairs. Accordingly, there can be no assurance as to whether
or not the Partnership may be able to make distributions, nor the timing or
amount of any potential distributions to Limited Partners. The Operating General
Partners and the General Partner plan to periodically assess the possible
resumption of cash flow distributions, based on the results of operations, the
physical condition of the Property (see discussion below), the then current
interest rates, and local market conditions, among other things. To the extent
cash flow is generated by the Operating Partnerships, such cash flow may be
retained by the Operating Partnerships or may be distributed at the discretion
of management, pursuant to the terms of the limited partnership agreements of
the Operating Partnerships.

Because the property has been in operation for more than ten years, management
has been addressing the need for extensive capital improvements. As a result of
the refinancing and the funding of reserves for capital improvements in April
2000, significant capital improvements were scheduled for the Complex throughout
2000 and 2001. The improvements which were contemplated as part of the
refinancing include roof replacement, replacement of the fire/smoke alarm
system, elevator repairs, new entry doors and other repairs throughout the
complex, and have been substantially completed as of June 30, 2001. The
Operating General Partner has identified other potential significant capital
improvements and repairs throughout the complex, which it intends to address
over the next few years. Such capital improvements and repairs would
significantly reduce the Operating Partnerships' cash flow available for
distribution. Until the year end results are determined and the capital
improvements plan is finalized, the Operating General Partner has not determined
whether the Operating Partnerships will make a cash flow distribution for the
year ended December 31, 2001.

The Property is reporting cash flow for the six months ended June 30, 2001 (see
Results of Operations, below) and the Operating Partnerships' cash and cash
equivalents as of June 30, 2001 have increased by approximately $812,000
compared to December 31, 2000, while accounts payable and accrued expenses have
decreased by approximately $47,000. The capital improvement escrow and
replacement reserve accounts, which are controlled by the lender for the purpose
of funding planned capital improvements and needed repairs are approximately
$2,104,000 and $83,000, respectively as of June 30, 2001. The principal reserve,
which is controlled by the lender for purposes of amortizing the debt, is
approximately $347,000 as of June 30, 2001. Each of the foregoing reserves and
escrows are reflected in the Operating Partnerships' balance sheet under the
caption mortgage escrow deposits. Although the planned improvements have been
primarily funded from operating cash thus far, the Operating General Partner
intends to request to have the funds transferred from the capital improvements
escrow.

The Partnership's operating results are dependent upon the operating results of
the Operating Partnerships and are significantly impacted by the Operating
Partnerships' policies. The Partnership accounts for its investment in the
Operating Partnerships in accordance with the equity method of accounting, under
which the investment is carried at cost and is adjusted for the Partnership's
share of the Operating Partnerships' results of operations and by any cash
distributions received. Equity in loss of each investment in Operating
Partnership allocated to the Partnership is


                                       9
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

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

recognized to the extent of the Partnership's investment balance in each
Operating Partnership. Any equity in loss in excess of the Partnership's
investment balance in an Operating Partnership is allocated to other partners'
capital in any Operating Partnership. As a result, the equity in loss of
investment in operating partnerships is expected to decrease as the
Partnership's investment balances in the respective Operating Partnerships
become zero. However, the combined statements of operations of the Operating
Partnerships reflected in Note 2 to the Partnership's financial statements
include the operating results of all Operating Partnerships, regardless of the
Partnership's investment balances.

Results of Operations

For the six months ended August 31, 2001, the statement of operations of the
Partnership reflects net earnings of $61,064, which includes equity in income of
operating partnerships of $73,829. The Operating Partnerships reported net
earnings during the six months ended June 30, 2001 of $107,278, which includes
depreciation and amortization expense of approximately $703,000, and non
capitalized planned maintenance expenditures of approximately $349,000. The
Operating Partnerships generated cash flow from operations after required debt
service payments and required replacement reserve deposits during the six months
ended June 30, 2001 of approximately $562,000, which includes principal reserve
deposits under the mortgages (approximately $164,000) and deposits to required
escrows (approximately $38,000). The Operating Partnerships' results of
operations include the settlement of previously pending litigation matters in
the aggregate amount of $150,000, including plaintiffs' legal fees, plus the
Operating Partnerships' legal fees. The Operating Partnerships' results of
operations for the six months ended June 30, 2001 were enhanced by the April
2000 refinancing, as interest expense declined by approximately $345,000
compared to the six months ended June 30, 2000. The Operating Partnerships did
not utilize any replacement reserves during the six months ended June 30, 2001,
but the Operating General Partner intends to apply to the lender for a release
of the capital improvement reserve as substantially all of the anticipated
capital improvements at the time of the refinancing have been completed.

For the six months ended August 31, 2000, the statement of operations of the
Partnership reflects a net loss of $479,938, which includes equity in loss of
operating partnerships of $468,238. The Operating Partnerships reported a net
loss during the six months ended June 30, 2000 of $472,968, which includes
depreciation and amortization expense of approximately $667,000, non capitalized
planned maintenance expenditures of approximately $264,000 and the write-off of
unamortized financing fees resulting from the April 2000 refinancing of
approximately $433,000. The Operating Partnerships generated cash flow from
operations after required debt service payments and required replacement reserve
deposits during the six months ended June 30, 2000 of approximately $502,000,
which includes principal amortization under the mortgages (approximately
$95,000) and deposits to required escrows (approximately $30,000). The Operating
Partnerships' results of operations were not significantly affected by the
refinancing, as it took place during the second quarter of operations.

Although the operations of the Operating Partnerships have steadily improved,
management is continuing to examine methods to maintain high occupancy rates
while steadily increasing rents and closely monitoring operating costs. There
has been ongoing new construction of luxury multi-family housing in the vicinity
of the Complex. The average occupancy for the six months ended June 30, 2001 and
2000 was approximately 98%. The future operating results of the Complex will be
extremely dependent on market conditions (which have been very strong but
include newly developed multi-family housing in the area) and therefore may be
subject to significant volatility.


Item 3      Quantitative and Qualitative Disclosure about Market Risk

The Partnership has market risk sensitivity with regard to financial instruments
concerning potential interest rate fluctuations in connection with the low
floater rates associated with the Operating Partnerships' mortgages. Although an
interest rate cap has been purchased, an increase in the low-floater interest
rates of .25% would have an annualized impact of approximately $70,000 on the
Operating Partnerships' results of operations.


                                       10
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                           Part II - Other Information


Item 1.  Legal Proceedings.
         ------------------

         Although Registrant is not involved in any legal proceedings, three
         complaints were filed against the Operating Partnerships, among others,
         by a former employee, a former part-time rental agent, and a security
         person employed by a private non-affiliated security company which
         provided service to the Property, alleging, among other things,
         discrimination in connection with advancement, hiring and termination.
         The Operating Partnerships settled all of the foregoing matters during
         the third quarter of 2001 for an aggregate amount of $150,000,
         including plaintiffs' legal fees.

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


                                       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:  October 22, 2001             /s/ Richard Paul Richman
                                     ------------------------------------------
                                     Richard Paul Richman
                                     President and Chief Executive Officer



                                       12