WILDER RICHMAN HISTORIC CORPORATION

                                                          599 W. Putnam Avenue
                                                          Greenwich, CT  06830
                                                                (203) 869-0900
                                                            FAX (203) 869-1034






THIS CONFORMING  PAPER FORMAT  DOCUMENT IS BEING SUBMITTED  PURSUANT TO RULE 901
(d) OF REGULATION S-T.

October 15, 1998



Securities and Exchange Commission
Washington, D.C. 20549

Re: Wilder Richman Historic Properties II, L.P.
    Form 10-Q
    File No. 0-17793
    August 31, 1998

To Whom It May Concern:

We hereby  electronically  file with the Securities and Exchange  Commission the
accompanying  Form 10-Q for Wilder Richman Historic  Properties II, L.P. for the
period ended August 31, 1998.  The document with original  signatures is on file
in our office.

If you  have any  questions  or  comments,  please  call  Neal  Ludeke  at (203)
869-0900.

Sincerely,



Richard Paul Richman

RPR/ilp
Enclosure



<PAGE>


                      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, 1998


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>
<TABLE>
<CAPTION>

                 WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

                        Part I - Financial Information


Table of Contents

Item 1.     Financial Statements                                      Page
          <S>                                                          <C>

       Balance Sheets as of August 31, 1998 (Unaudited)
           and February 28, 1998                                        3
       Statements of Operations for the three and six month periods
         ended August 31, 1998 and 1997 (Unaudited)                     4

       Statements of Cash Flows for the six months
         ended August 31, 1998 and 1997 (Unaudited)                     5

       Notes to Financial Statements as of August 31, 1998 (Unaudited)  6

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

</TABLE>

























                                       2



<PAGE>
<TABLE>
<CAPTION>

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






                                          August 31, 1998
                                            (Unaudited)       February 28, 1998

ASSETS
<S>                                              <C>                  <C>
Cash and cash equivalents                    $   650,983        $    649,233

Investments in operating partnerships          1,525,553           1,700,882

Note receivable                                  317,713             317,713

Accrued interest receivable                      129,700             119,260
                                           -------------        ------------

                                             $ 2,623,949         $ 2,787,088
                                             ===========         ===========


LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities

  Other liabilities                        $      10,000       $      10,000
  Due to related parties                         161,701             154,201
                                           -------------       -------------

                                                 171,701             164,201
                                           -------------         -----------


Partners' Equity (Deficit)

  Limited partners                             2,594,034           2,762,967
  General partner                               (141,786)            (140,080)
                                           -------------         ------------

                                               2,452,248           2,622,887
                                            ------------        ------------

                                             $ 2,623,949         $ 2,787,088
                                             ===========         ===========


</TABLE>










                      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,     August 31,     August 31,      August 31,
                       1998            1998          1997              1997
<S>                     <C>            <C>           <C>              <C>      
REVENUES

  Interest         $    14,185      $ 28,278        $ 13,93        $ 27,555

EXPENSES

  Operating             15,919        23,588         10,979          16,926
                   --------------  ------------   -----------    ----------
        

Income (loss) from
  operations            (1,734)        4,690          2,959          10,629


Equity in loss of operating
    partnerships       (56,277)     (175,329)       (35,681)       (149,354)
                  -------------- --------------- ----------    ------------- 

NET LOSS         $     (58,011   $  (170,639     $  (32,722       $(138,725)
                 ============= ==============   ===========    ============

NET LOSS PER UNIT OF
  LIMITED PARTNERSHIP
  INTEREST      $      (71.79)   $   (211.17)     $  (40.49       $ (171.67)
               ================ =============== =========== =================

</TABLE>


























                      See notes to financial statements.
                                       4

<PAGE>
<TABLE>
<CAPTION>

                 WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                           STATEMENTS OF CASH FLOWS
                  SIX MONTHS ENDED AUGUST 31, 1998 AND 1997
                                 (Unaudited)




                                                 1998               1997
                                          -----------------   ----------
<S>                                                  <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net loss                                     $    (170,639)  $   (138,725)

Adjustments to reconcile net loss to
 net cash provided by operating activities
   Equity in loss of operating partnerships        175,329        149,354
   Increase in accrued interest receivable         (10,440)       (10,441)
   Decrease in other liabilities                                   (2,875)
   Increase in due to related parties                7,500          7,500
                                             -------------     -----------

Net cash provided by operating activities            1,750          4,813
                                             -------------   ------------

Net increase in cash and cash equivalents            1,750          4,813

Cash and cash equivalents at beginning of period   649,233        629,975
                                             ------------    ------------ 

Cash and cash equivalents at end of period  $      650,983  $     634,788
                                            ==============  =============

</TABLE>

























                      See notes to financial statements.
                                       5


<PAGE>
<TABLE>
<CAPTION>

                     WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                            NOTES TO FINANCIAL STATEMENTS
                                   AUGUST 31, 1998
                                     (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,  1998  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, 1998 are not
      necessarily indicative of the results to be expected for the entire year.

2.    The  investments  in  Operating  Partnerships  as of August  31,  1998 and
      February 28, 1998 are as follows:
     <S>                                                             <C>

      Amount paid to investee through February 28, 1998          $ 16,388,000

      Accumulated cash distributions from Operating Partnerships
       through February 28, 1998                                   (3,180,441)

      Equity in accumulated loss of operating partnerships
       through February 28, 1998                                  (11,506,677)

      Balance, February 28, 1998                                    1,700,882

      Equity in loss of operating partnerships March 1, 1998
       to August 31, 1998                                            (175,329)

      Balance, August 31, 1998                                  $   1,525,553
                                                                =============

</TABLE>

                                       6


<PAGE>
<TABLE>
<CAPTION>

                 WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                  NOTES TO FINANCIAL STATEMENTS - continued
                               AUGUST 31, 1998
                                 (Unaudited)


Note 2 - Continued

      The combined  balance sheets of the Operating  Partnerships as of June 30,
      1998 and December 31, 1997 are as follows:

                                                 June 30, 1998
                                                   (Unaudited)    December 31, 1997

      ASSETS
       <S>                                             <C>            <C>
      Land                                     $   1,150,473   $   1,150,473
      Buildings and equipment (net of accumulated
        depreciation of $11,827,525 and 
        11,164,490, respectively)                 40,973,736      41,475,474
      Cash and cash equivalents                    1,343,550       1,159,863
      Deferred costs                                 515,363         537,180
      Mortgage escrow deposits                     1,049,752       1,067,734
      Tenant security deposits                       671,539         669,685
      Other assets                                    79,716          34,043
                                                ------------   -------------

                                                $ 45,784,129    $ 46,094,452
                                                ============    ============
      LIABILITIES AND PARTNERS' EQUITY

      Liabilities

        Mortgages payable                       $ 26,651,661    $ 26,776,894
        Notes payable                                317,713         317,713
        Accounts payable and accrued expenses        105,989         137,084
        Accrued interest                             260,175         249,734
        Tenant security deposits payable                      671,539669,685
        Due to general partner and affiliates      1,929,083       1,840,349

                                                  29,936,160      29,991,459

      Partners' equity

        Wilder Richman Historic Properties
           II, L.P.                                1,525,553       1,700,882
        General partner                           14,322,416      14,402,111
                                              --------------  --------------

                                                  15,847,969      16,102,993

                                                $ 45,784,129    $ 46,094,452
                                                ============    ============


</TABLE>




                                       7


<PAGE>
<TABLE>
<CAPTION>


                 WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                  NOTES TO FINANCIAL STATEMENTS - continued
                               AUGUST 31, 1998
                                 (Unaudited)


Note 2 - Continued

      The unaudited  statements of the operations of the Operating  Partnerships
      for the six months ended June 30, 1998 and 1997 are as follows:

       <S>                                        <C>                 <C>

                                                    1998            1997
                                             ------------------ -----------

      REVENUE

      Rent                                   $   3,031,089        $ 2,890,855
                                             -------------        -----------

                                                 3,031,089          2,890,855
                                            --------------       ------------

      EXPENSES

      Administrative                               311,779            302,310
      Operating                                                     1,272,335
       1,099,305
      Management fees                               90,071             86,411
      Interest                                     927,076            935,218
      Depreciation and amortization                684,852            684,852
                                           ---------------      -------------

                                                 3,286,113          3,108,096
                                            --------------       ------------

      NET LOSS                              $     (255,024)       $  (217,241)
                                            ===============       ===========

      NET LOSS ALLOCATED TO

      Wilder Richman Historic Properties
           II, L.P.                         $     (175,329)       $  (149,354)
      General partner                              (79,695)           (67,887)
                                           ----------------     --------------

                                            $     (255,024)       $  (217,241)
                                            ===============       ===========
</TABLE>


3.    Additional information,  including the audited February 28, 1998 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, 1998 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 August 31, 1998,  Wilder Richman  Historic  Properties II, L.P. (the
      "Partnership")  experienced  few  changes in its  financial  condition  as
      compared to February 28, 1998, with the exception of the investment in the
      Operating  Partnerships  resulting  from the  equity in loss of  Operating
      Partnerships  for the six  months  ended June 30,  1998.  Cash and cash
      equivalents of the Partnership includes  approximately  $582,000 which was
      previously held in an operating  deficit escrow  established in connection
      with the  refinancing  of the  mortgages  of the  Operating  Partnerships.
      Pursuant to the Partnership Agreement,  such funds may be held or utilized
      for other  Partnership  purposes in the discretion of the General Partner.
      Presently,  the General Partner intends for the Partnership to continue to
      hold such funds. The Partnership's  advance to the Operating  Partnerships
      in the  amount of  $317,713  in  connection  with the  refinancing  of the
      mortgages remains  outstanding.  For the six months ended August 31, 1998,
      the  Partnership  accrued  interest  of  $10,440 on such  advance  and has
      accrued  aggregate  interest on such  advance of $129,700 as of August 31,
      1998.

      Because of the outstanding advance, the Operating Partnerships are subject
      to  restrictions  concerning cash flow  distributions.  Cash flow, if any,
      generated subsequent to 1995 may be retained by the Operating Partnerships
      or may be distributed at the  discretion of  management.  If  distributed,
      such cash flow  distributions  must  follow the  priority  of (i)  accrued
      interest owing to the Partnership, (ii) principal owing to the Partnership
      and (iii)  thereafter,  pursuant to the terms of the  limited  partnership
      agreements of the Operating  Partnerships.  Although  recent rental market
      conditions have been strong,  management has been accumulating reserves to
      protect  against  potential  adverse  changes  in  market  conditions  and
      unanticipated  expenses.  In addition to its cash balances,  the Operating
      Partnerships'  balance  in  the  replacement  reserve  account,  which  is
      controlled  by the  lender  to be used  for  certain  repairs  or  capital
      improvements,  was approximately  $731,000 as of June 30, 1998. The 
      Operating Partnerships are required to deposit $5,400 per month into 
      the replacement reserve.

      Despite  the  implementation  of  planned  improvements  of  approximately
      $300,000 (of which approximately $187,000 was capitalized),  the Operating
      Partnerships'  liquidity  as of June 30,  1998 has  improved  compared  to
      December  31,  1997,  as cash  and  cash  equivalents  have  increased  by
      approximately  $184,000  and the  replacement  reserve  has  increased  by
      approximately $44,000. In addition,  accounts payable and accrued expenses
      decreased  by  approximately  $31,000  while due to  general  partner  and
      affiliates  increased  by  approximately  $89,000  due to the  accrual  of
      management fees and investor service fees.

      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 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.

      For the six months ended August 31, 1998,  the  statement of operations of
      the  Partnership  reflects a net loss of $170,639 which includes equity in
      loss of Operating  Partnerships of $175,329.  Nonrecognition  of losses of
      the Partnership's  investment in Dixon Mills Phase I during the six months
      ended August 31, 1998 was  approximately  $78,000 in  accordance  with the
      equity method of  accounting.  The Operating  Partnerships  reported a net
      loss during the six months ended June 30, 1998 of  $255,024,  inclusive of
      depreciation and amortization of $684,852.  Despite expenditures  incurred
      in connection with the planned improvements discussed above, the Operating
      Partnerships  generated cash flow of approximately $160,000 after required
      debt service payments and required replacement reserve deposits during the
      six months ended June 30, 1998, which
                                       9
<PAGE>


 

                 WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

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

      includes  principal   amortization  under  the  mortgages   (approximately
      $125,000)   and  deposits  to  required   escrows  and  interest   thereon
      (approximately  $45,000),  and excludes  accrued fees to affiliates of the
      Operating General Partner (approximately  $78,000) and accrued interest to
      the Partnership  (approximately  $10,000).  The Operating Partnerships did
      not utilize any replacement  reserves during the six months ended June 30,
      1998.  For  the six  months  ended  August  31,  1997,  the  statement  of
      operations  of the  Partnership  reflects  a net loss of  $138,725,  which
      includes   equity  in  loss  of   Operating   Partnerships   of  $149,354.
      Nonrecognition  of losses of the  Partnership's  investment in Dixon Mills
      Phase I during the six months  ended  August  31,  1997 was  approximately
      $66,000 in accordance with the equity method of accounting.  The Operating
      Partnerships reported a net loss during the six months ended June 30, 1997
      of  $217,241,  inclusive of  depreciation  and  amortization  of $648,852.
      However,  the operating  Partnerships  generated  cash flow after required
      debt  service  payments  and  required  replacement  reserve  deposits  of
      approximately  $331,000  during the six months ended June 30, 1997,  which
      includes  principal   amortization  under  the  mortgages   (approximately
      $117,000) and deposits to required escrows (approximately  $104,000),  and
      excludes  accrued fees to affiliates of the Operating  General Partner and
      the General Partner  (approximately  $74,000) and accrued  interest to the
      Partnership  (approximately  $10,000).  The Operating Partnerships did not
      utilize  any  replacement  reserves  during the six months  ended June 30,
      1997.

      Although  the  Operating   Partnerships  are  operating  above  breakeven,
      management  is continuing  to examine  methods to maintain high  occupancy
      rates while steadily  increasing rents and economize  operating  expenses.
      There has been ongoing new  construction  of luxury  multi-housing  in the
      vicinity of the Dixon Mill Complex (the "Complex").  Such housing includes
      asking rents that are comparable and higher than rents  currently  charged
      by the Complex. Although the Complex as not been adversely impacted by the
      new competition,  it cannot be readily determined whether such new housing
      will have a positive or negative impact on the Complex or its cash flow in
      the future.  The  ability to continue to perform at recent  levels will be
      dependent  on the ability to lease units as lease terms  expire on a month
      to month basis.  The average  occupancy  for the six months ended June 30,
      1998 and 1997 was approximately 98% for each period.  The future operating
      results of the Complex will be  extremely  dependent  on  competition  and
      market conditions and therefore may be subject to significant volatility.







                                      10


<PAGE>



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



Item 1.  Legal Proceedings.

         As of August 31, 1998, there were no material pending legal proceedings
         to which
         Registrant  or any of its  affiliates  was a party or to  which  any of
         their property was subject except for the following:

A        former employee of the Operating Partnerships filed a complaint through
         the Equal Employment Opportunity Commission claiming sexual harassment.
         The Operating  General Partner cannot measure the potential  liability,
         if
         any, at this time.

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 15, 1998            /s/ Richard  Paul Richman
                                    ---------------------------------

                                    Richard Paul Richman
                                    President and Chief Executive
                                    Officer

































                                       13
<PAGE>