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COMMONWEALTH INCOME & GROWTH FUND II
Supplement Dated October 2, 1996
To
Prospectus Dated May 12, 1995
CLOSING OF SALE OF ADDITIONAL UNITS
On September 12, 1996, the payments received from subscribers (subsequent
to August 2, 1996) were released from escrow and have become available to
the Partnership for the payment of expenses and utilization as described
under "USE OF PROCEEDS" and the Partnership accepted subscriptions
from investors totaling approximately $677,000 (34,000 Limited Partnership
Units).
ACQUISITION OF EQUIPMENT
On September 5, 1996, the Partnership purchased thirteen Hewlett Packard
Workstations for approximately $305,000. The Equipment is subject to a 36
month lease with Johnson Controls, Inc. The monthly rent during the
term of the lease is approximately $8,000.
The Partnership has committed to purchase one Silicon Graphics Inc.
Enterprise Server for approximately $263,000. The Equipment is
subject to a 36 month lease with Honda Research & Development. The
monthly rent during the term of the lease is expected to be approximately
$7,100.
