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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) JULY 21, 1997
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PAINEWEBBER R&D PARTNERS II, L.P.
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(Exact Name of Registrant as Specified in Charter)
Delaware 33-14582 13-3437420
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(State or Other (Commission (IRS Employer
Jurisdiction of Incorporation) File Number) Identification No.)
1285 Avenue of the Americas, New York, New York 10019
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 713-2000
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(Not Applicable)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5
PAINEWEBBER R&D PARTNERS II, L.P.
On July 21, 1997, PaineWebber Technologies II, L.P., the general
partner of the Registrant, removed the previously imposed restriction on
transfers of the Registrant's limited partnership units.
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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 hereunto duly authorized.
PAINEWEBBER R&D PARTNERS II, L.P.
(Registrant)
By: PaineWebber Technologies II, L.P.
(General Partner)
By: PWDC Holding Company
(General Partner of the General Partner)
By: /s/ Richard McCormick
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Vice President
Date: JULY 24, 1997