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, 1999

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.

3                          Part I - Financial Information


Table of Contents

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

           Balance Sheets as of November 30, 1999 (Unaudited) and
              February 28, 1999                                               3
           Statements of Operations for the three and nine month periods
             ended November 30, 1999 and 1998 (Unaudited)                     4

           Statements of Cash Flows for the nine months
             ended November 30, 1999 and 1998 (Unaudited)                     5

           Notes to Financial Statements as of November 30, 1999 (Unaudited)  6

Item 2.    Management's Discussion and Analysis of Financial Condition
           and Results of Operations9

Item 3.    Quantitative and Qualitative Disclosure about Market Risk         11



                                       2
<PAGE>

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


                                             November 30, 1999
                                                (Unaudited)    February 28, 1999
                                             ----------------- -----------------

ASSETS

Cash and cash equivalents                       $ 1,148,673         $   663,495

Investment in operating partnerships              1,334,281           1,192,736

Note receivable                                                         317,713

Accrued interest receivable                                             140,083
                                                -----------         -----------
                                                $ 2,482,954         $ 2,314,027
                                                ===========         ===========


LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities

  Other liabilities                             $     7,500         $    10,000
  Due to related parties                            181,147             169,201
                                                -----------         -----------

                                                    188,647             179,201
                                                -----------         -----------


Partners' equity (deficit)

  Limited partners                                2,437,673           2,279,787
  General partner                                  (143,366)           (144,961)
                                                -----------         -----------

                                                  2,294,307           2,134,826
                                                -----------         -----------

                                                $ 2,482,954         $ 2,314,027
                                                ===========         ===========


                       See notes to financial statements.


                                       3
<PAGE>

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


<TABLE>
<CAPTION>
                                        Three Months        Nine Months         Three Months          Nine Months
                                           Ended               Ended                Ended                 Ended
                                        November 30,        November 30,        November 30,          November 30,
                                            1999                 1999                1998                 1998
                                    -------------------- ------------------- ------------------- ---------------------
<S>                                 <C>                    <C>                  <C>                  <C>
REVENUES

   Interest                         $        14,484        $       38,499       $       13,701       $       41,979

EXPENSES

   Operating                                  6,251                20,563                5,237               28,825
                                 ------------------       ---------------      ---------------      ---------------

Income from operations                        8,233                17,936                8,464               13,154

Equity in income (loss) of
   operating partnerships                     3,787               141,545              (35,705)            (211,034)
                                    ---------------         -------------       --------------       --------------

NET EARNINGS (LOSS)                 $        12,020          $    159,481        $     (27,241)       $    (197,880)
                                    ===============          ============        =============        =============


NET EARNINGS (LOSS) PER UNIT
   OF LIMITED PARTNERSHIP
   INTEREST                        $          14.87       $       197.35        $     ( 33.71)       $     (244.88)
                                   ================       ==============        =============       ==============
</TABLE>

                       See notes to financial statements.


                                       4
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                            STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED NOVEMBER 30, 1999 AND 1998
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                            1999             1998
                                                         -----------    -----------
<S>                                                      <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net earnings (loss)                                      $   159,481    $  (197,880)

Adjustments to reconcile net earnings (loss) to
  net cash provided by operating activities
    Equity in loss (income) of operating partnerships       (141,545)       211,034
    Decrease (increase) in accrued interest receivable       140,083        (15,661)
    Decrease in other liabilities                             (2,500)
    Increase in due to related parties                        11,946         11,250
                                                         -----------    -----------

Net cash provided by operating activities                    167,465          8,743
                                                         -----------    -----------


CASH FLOWS FROM INVESTING ACTIVITIES

Receipt on note receivable                                   317,713
                                                         -----------
Net cash provided by investing activities                    317,713
                                                         -----------

Net increase in cash and cash equivalents                    485,178          8,743

Cash and cash equivalents at beginning of period             663,495        649,233
                                                         -----------    -----------

Cash and cash equivalents at end of period               $ 1,148,673    $   657,976
                                                         ===========    ===========
</TABLE>


                       See notes to financial statements.


                                       5
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                          NOTES TO FINANCIAL STATEMENTS
                                NOVEMBER 30, 1999
                                   (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,  1999 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 nine months ended  November 30, 1999 are
     not  necessarily  indicative  of the results to be expected  for the entire
     year.

2.   The  investment  in  Operating  Partnerships  as of  November  30, 1999 and
     February 28, 1999 is as follows:


     Amount paid to investee through February 28, 1999            $  16,388,000

     Accumulated cash distributions received from Operating
        Partnerships through February 28, 1999                       (3,180,441)

     Equity in accumulated loss of Operating Partnerships
        through February 28, 1999                                   (12,014,823)
                                                                 --------------

     Balance, February 28, 1999                                       1,192,736

     Equity in income of Operating Partnerships for the nine
        months ended November 30, 1999                                  141,545
                                                                 --------------

     Balance, November 30, 1999                                  $    1,334,281
                                                                 ==============


                                       6
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                    NOTES TO FINANCIAL STATEMENTS - continued
                                NOVEMBER 30, 1999
                                   (Unaudited)


2.       (Continued)

     The combined  balance sheets of the Operating  Partnerships as of September
     30, 1999 and December 31, 1998 are as follows:

<TABLE>
<CAPTION>
                                                             September 30, 1999
                                                                (Unaudited)          December 31, 1998
                                                             -------------------     -----------------
     <S>                                                        <C>                   <C>
     ASSETS

     Land                                                       $ 1,150,473           $ 1,150,473
     Buildings and equipment (net of accumulated depreciation
       of $13,497,373 and 12,497,566)                            39,403,185            40,402,992
     Cash and cash equivalents                                    1,106,568             1,951,002
     Tenant accounts receivable                                      48,080
     Deferred costs                                                 460,820               493,546
     Mortgage escrow deposits                                     1,156,276             1,134,739
     Tenant security deposits                                       725,172               725,172
     Prepaid expenses and other assets                               41,229                36,594
                                                                -----------           -----------

                                                                $44,091,803           $45,894,518
                                                                ===========           ===========

     LIABILITIES AND PARTNERS' EQUITY

     Liabilities

       Mortgages payable                                        $26,319,655           $26,522,146
       Notes payable                                                317,713
       Accounts payable and accrued expenses                         80,358               676,712
       Accrued interest                                             132,298               269,139
       Tenant security deposits payable                             725,172               725,172
       Due to general partner and affiliates                      1,273,749             2,028,955
                                                                -----------           -----------

                                                                 28,531,232            30,539,837
                                                                -----------           -----------

     Partners' equity

       Wilder Richman Historic Properties II, L.P.                1,334,281             1,192,736
       General partner                                           14,226,290            14,161,945
                                                                -----------           -----------

                                                                 15,560,571            15,354,681
                                                                -----------           -----------


                                                                $44,091,803           $45,894,518
                                                                ===========           ===========
</TABLE>


                                       7
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.
                    NOTES TO FINANCIAL STATEMENTS - continued
                                NOVEMBER 30, 1999
                                   (Unaudited)

2.       (Continued)

     The unaudited  statements of operations of the Operating  Partnerships  for
     the nine months ended September 30, 1999 and 1998 are as follows:


                                                      1999            1998
                                                   -----------    -----------
     Revenue

     Rent                                          $ 4,903,940    $ 4,586,629
                                                   -----------    -----------

                                                     4,903,940      4,586,629
                                                   -----------    -----------

     Expenses

     Administrative                                    390,320        520,572
     Operating                                       1,765,433      1,820,851
     Management fees                                   144,171        135,967
     Interest                                        1,365,593      1,421,745
     Depreciation and amortization                   1,032,533        994,453
                                                   -----------    -----------

                                                     4,698,050      4,893,588
                                                   -----------    -----------

     Net EARNINGS (loss)                           $   205,890    $  (306,959)
                                                   ===========    ===========


     Net EARNINGS (loss) allocated to

     Wilder Richman Historic Properties II, L.P.   $   141,545    $  (211,034)
     General Partner                                    64,345        (95,925)
                                                   -----------    -----------

                                                   $   205,890    $  (306,959)
                                                   ===========    ===========


3.   Additional  information,  including the audited February 28, 1999 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, 1999 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 November  30, 1999,  Wilder  Richman  Historic  Properties  II, L.P.  (the
"Partnership") experienced few changes in its financial condition as compared to
February  28,  1999,  with the  exception  of the  investment  in the  Operating
Partnerships  resulting from the equity in income of operating  partnerships for
the  nine  months  ended  September  30,  1999  and the  repayment  of the  note
receivable  from the Operating  Partnerships.  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)  and  approximately  $460,000  (which
represents the payment of the outstanding advance owed to the Partnership by the
Operating   Partnerships   of  $317,713)  and  accrued   interest   thereon  (of
approximately  $142,000) which was repaid during the first fiscal quarter of the
current year. Pursuant to the Partnership  Agreement,  such funds may be held or
utilized  for  other  Partnership  purposes  in the  discretion  of the  General
Partner.  The  General  Partner is planning  to make a  distribution  to Limited
Partners of record as of December 31, 1999 of approximately $964,000 ($1,205 per
Unit) in the first quarter of 2000.

Because  the  outstanding  advance  owed  to the  Partnership  was  repaid,  the
Operating  Partnerships  are no longer subject to  restrictions  concerning cash
flow distributions and the payment of certain fees to affiliates.  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.  To the extent there are proceeds from a future sale
or refinancing  of the Complex,  the  Partnership  will receive 100% of any such
proceeds   available  for  distribution   until  the  7%  cumulative   preferred
distribution has been achieved.  Through December 1998, the cumulative preferred
distribution  is  approximately  $10,813,000.   Although  recent  rental  market
conditions have been strong, management has been building up its cash balance to
protect against potential adverse changes in market conditions and unanticipated
expenses.  In  addition,   because  the  property  has  been  in  operation  for
approximately  ten  years,  management  is  addressing  the  potential  need for
extensive  capital  improvements  that may be necessary in the near future.  The
General Partner and the Operating General Partner are contemplating the economic
benefits of a refinancing  of the Property in order to enhance cash flow.  Until
such time as the  Property is  refinanced  at a lower annual debt  service,  the
Partnership does not anticipate making annual cash flow distributions to Limited
Partners (except as discussed below).  If a refinancing is ultimately  achieved,
the resumption of cash flow  distributions will be assessed on an ongoing basis,
based on the results of operations,  the physical  condition of the property and
the local market  conditions,  among other things. As of September 30, 1999, the
Operating  Partnerships'  balance in the replacement reserves account,  which is
controlled by the Lender to be used for certain repairs or capital improvements,
was approximately $827,000.

Although the Property is reporting cash flow for the nine months ended September
30, 1999 (see Results From Operations,  below), the Operating Partnerships' cash
and cash  equivalents as of September 30, 1999 have  decreased by  approximately
$844,000  compared to December 31,  1998,  due to the payment of the advance and
accrued  interest  thereon  by  the  Operating  Partnerships  (of  approximately
$460,000),  the payment of accrued  management fees (of approximately  $226,000)
and the payment  associated  with the  accrued  litigation  settlement  (see the
annual report dated February 28, 1999). The replacement reserve has increased by
approximately  $80,000 and accounts  payable and accrued  expenses  decreased by
approximately $596,000.

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


                                       9
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

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

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 nine months ended  November 30, 1999, the statement of operations of the
Partnership  reflects net earnings of $159,481,  which includes equity in income
of  operating  partnerships  of  $141,545.   Nonrecognition  of  income  of  the
Partnership's  investment  in Dixon Mills  Phase I during the nine months  ended
November 30, 1999 was approximately $62,000 in accordance with the equity method
of accounting.  The Operating Partnerships reported net earnings during the nine
months ended  September  30, 1999 of $205,890,  inclusive  of  depreciation  and
amortization of $1,032,533. The Operating Partnerships generated cash flow after
required debt service payments and required  replacement reserve deposits during
the nine months  ended  September  30,  1999 of  approximately  $978,000,  which
includes principal amortization under the mortgages (approximately $202,000) and
deposits to required escrows (approximately $58,000). The Operating Partnerships
did not utilize any replacement  reserves during the nine months ended September
30, 1999.

For the nine months ended  November 30, 1998, the statement of operations of the
Partnership  reflects a net loss of $197,880,  which includes  equity in loss of
operating   partnerships   of   $211,034.   Nonrecognition   of  losses  of  the
Partnership's  investment  in Dixon Mills  Phase I during the nine months  ended
November 30, 1998 was approximately $94,000 in accordance with the equity method
of accounting.  The Operating  Partnerships  reported a net loss during the nine
months ended  September  30, 1998 of $306,959,  inclusive  of  depreciation  and
amortization  of $994,453.  Despite  expenditures  incurred in  connection  with
planned  improvements,   the  Operating  Partnerships  generated  cash  flow  of
approximately  $248,000  after  required  debt  service  payments  and  required
replacement  reserve  deposits  during the nine months ended September 30, 1998,
which  includes  principal  amortization  under  the  mortgages   (approximately
$189,000) and deposits to required escrows and interest  thereon  (approximately
$65,000).  The Operating  Partnerships did not utilize any replacement  reserves
during the nine months ended September 30, 1998.

Although the Operating Partnerships are operating above breakeven, management is
continuing to examine  methods to maintain high  occupancy  rates while steadily
increasing  rents  and  economizing  operations.  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 has 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  nine  months  ended
September 30, 1999 and 1998 was approximately  98%. The future operating results
of the Complex will be extremely  dependent on competition and market conditions
and therefore may be subject to significant volatility.

Year 2000 Compliance

The   inability   of   computers,   software  and  other   equipment   utilizing
microprocessors  to recognize and properly process data fields  containing a two
digit year is commonly referred to as the year 2000 compliance ("Y2K") issue. As
the year 2000  unfolds,  certain  systems  may be unable to  accurately  process
certain  data-based  information.  Many businesses may need to upgrade  existing
systems or purchase new ones to correct the Y2K issue.  Registrant has performed
an assessment of its computer software and hardware and believes it has made the
necessary upgrades in an effort to ensure compliance.  However,  there can be no
assurance that the systems of other entities on which Registrant  relies will be
timely  converted.  To date,  Registrant is not aware of any problems  caused by
Y2K.  The total cost  associated  with Y2K  implementation  is not  expected  to
materially impact  Registrant's  financial  position or results of operations in
any given year. However,  there can be no assurance that a failure to convert by
Registrant  or  another  entity  would  not have a  material  adverse  impact on
Registrant.


                                       10
<PAGE>

                   WILDER RICHMAN HISTORIC PROPERTIES II, L.P.

Item 3  Quantitative and Qualitative Disclosure About Market Risk

Because of the Property's proximity to New York City and the strong local rental
market,  there is a significant  likelihood that other multi-family  residential
complexes will continue to be developed in the general vicinity of the Property.
Such  development  activity could  adversely  affect the  Property's  ability to
maintain its high occupancy levels or its ability to maintain or increase rents.



                                       11
<PAGE>

                   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


                                       12
<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 14, 2000                 /s/ Richard Paul Richman
                                         ---------------------------------------
                                         Richard Paul Richman
                                         President and Chief Executive Office


                                       13