10-Q/A

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                               -------------------
                                   FORM 10-Q/A
                                (Amendment No. 1)



     [X]          Quarterly  Report  Pursuant  to  Section  13 or  15(d)  of the
                  Securities  Exchange Act of 1934 For the fiscal  quarter ended
                  March 31, 1996.

     [  ]         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 33-32258
                             -----------------------


                          PLM EQUIPMENT GROWTH FUND II
             (Exact name of registrant as specified in its charter)


        California                                        94-3041013
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                         Identification No.)

One Market, Steuart Street Tower
  Suite 900, San Francisco, CA                           94105-1301
    (Address of principal                                (Zip code)
     executive offices)


        Registrant's telephone number, including area code (415) 974-1399
                             -----------------------


    Indicate  by check mark  whether  the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes X No ______





The purpose of this  amendment  is to correct  the errors made in the  Financial
Data Schedule.



                                           PLM EQUIPMENT GROWTH FUND II
                                           By: PLM Financial Services, Inc.
                                               General Partner




Date:  May 16, 1996                         By:/s/ David J. Davis
                                               ------------------
                                               David J. Davis
                                               Vice President and
                                               Corporate Controller

EX-27

 

<ARTICLE> 5
 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           4,534
<SECURITIES>                                         0
<RECEIVABLES>                                    1,794
<ALLOWANCES>                                       260
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          93,416
<DEPRECIATION>                                  66,018
<TOTAL-ASSETS>                                  44,655
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      14,806
<TOTAL-LIABILITY-AND-EQUITY>                    44,655
<SALES>                                              0
<TOTAL-REVENUES>                                 3,368
<CGS>                                                0
<TOTAL-COSTS>                                    2,562
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 488
<INCOME-PRETAX>                                   (84)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                               (84)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      (84)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0