SC TO-C

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   SCHEDULE TO
                                 (Rule 14d-100)
        Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the
                         Securities Exchange Act of 1934

          FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND II
                       (Name of Subject Company (Issuer))

          FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND II
                        (Name of Filing Person (Issuer))

                    AUCTION MARKET PREFERRED SHARES, SERIES A
                    AUCTION MARKET PREFERRED SHARES, SERIES B
                         (Title of Class of Securities)

                               33733U207 33733U306
                      (CUSIP Number of Class of Securities)

                             W. Scott Jardine, Esq.
                                    Secretary
          First Trust/Four Corners Senior Floating Rate Income Fund II
                        120 East Liberty Drive, Suite 400
                             Wheaton, Illinois 60187
                            Telephone: (800) 621-1675
   (Name, Address and Telephone Number of Person Authorized to Receive Notices
               and Communications on Behalf of Filing Person(s))

                                 With a Copy to:
                               Eric F. Fess, Esq.
                             Chapman and Cutler LLP
                             111 West Monroe Street
                             Chicago, Illinois 60603
                            Telephone: (312) 845-3000

                            Calculation of Filing Fee

         Transaction Valuation*              Amount of Filing Fee*
                  N/A                                 N/A

* Pursuant to General Instruction D to Schedule TO, a filing fee is not required
in connection with this filing as it relates solely to preliminary
communications made before the commencement of a tender offer.

[ ]  Check the box if any part of the fee is offset as provided by Rule
     0-11(a)(2) and identify the filing with which the offsetting fee was
     previously paid. Identify the previous filing by registration statement
     number, or the Form or Schedule and the date of its filing.

     Amount Previously Paid: Not Applicable         Filing Party: Not Applicable
     Form or Registration No.: Not Applicable       Date Filed: Not Applicable

[X]  Check the box if the filing relates solely to preliminary
     communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

[ ]  third party tender offer subject to Rule 14d-1.
[X]  issuer tender offer subject to Rule 13e-4.
[ ]  going-private transaction subject to Rule 13e-3.
[ ]  amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results
of the tender offer:
[ ]





INTRODUCTION

         This Schedule TO relates to a pre-commencement communication by First
Trust/Four Corners Senior Floating Rate Income Fund II (the "Fund") regarding an
offer to purchase up to 100% of its outstanding Auction Market Preferred Shares,
Series A and Auction Market Preferred Shares, Series B.

         The Fund has not commenced the tender offer that is referred to in this
Schedule TO. The description of the tender offer contained in this Schedule TO
is neither an offer to purchase nor a solicitation of an offer to sell shares of
the Fund. Upon commencement of such tender offer, the Fund will file with the
Securities and Exchange Commission (the "SEC") a tender offer statement on
Schedule TO and all other documents, including an Offer to Purchase.

         THE FUND'S SHAREHOLDERS SHOULD READ CAREFULLY THE OFFER TO PURCHASE AND
OTHER DOCUMENTS WHEN THEY ARE AVAILABLE BECAUSE THEY CONTAIN IMPORTANT
INFORMATION. INVESTORS MAY OBTAIN A FREE COPY (WHEN AVAILABLE) OF THE OFFER TO
PURCHASE AND OTHER DOCUMENTS FROM THE SEC'S WEBSITE AT WWW.SEC.GOV.



EXHIBIT INDEX

Exhibit No.  Document
- ----------   ------------------------------------------------------------------
99.1         Press Release issued by the Fund dated August 25, 2009.

EX-99.1

                                                                   Exhibit 99.1

FOR IMMEDIATE RELEASE First Trust/Four Corners Senior Floating Rate Income
Fund II Announces Plan for Tender Offer for All Outstanding Auction Market
Preferred Shares

         WHEATON, IL - (BUSINESS WIRE) - August 25, 2009 - First Trust/Four
Corners Senior Floating Rate Income Fund II (NYSE: FCT) (the "Fund") announced
today that, subject to certain conditions, the Fund intends to commence a tender
offer for 100% of its outstanding Auction Market Preferred Shares, Series A and
Auction Market Preferred Shares, Series B (collectively, the "AMP Shares") at a
price equivalent to 97% of the liquidation preference of $25,000 per AMP Share
($24,250 per share) plus any unpaid dividends accrued through the expiration
date of the tender offer.

         As of the date hereof, the Fund has not commenced the tender offer, and
the description of the tender offer contained in this press release is neither
an offer to purchase nor a solicitation of an offer to sell AMP Shares of the
Fund. There can be no assurance that any tender offer will be commenced or if
commenced that it will be consummated.

TENDER OFFER STATEMENT

         This press release is for informational purposes only and is not an
offer to buy, nor the solicitation of an offer to sell, any shares. The full
details of any tender offer, including complete instructions on how to tender
shares, will be included in the offer to purchase, the letter of transmittal and
related materials, which will be mailed to holders of AMP Shares promptly
following the commencement of the offer. Holders of AMP Shares should read
carefully the offer to purchase, the letter of transmittal and other related
materials when they are available because they will contain important
information. Holders of AMP Shares may obtain free copies, when available, of
the offer to purchase, the letter of transmittal and other related materials
that will be filed with the Securities and Exchange Commission at the
Commission's website at




- -------------------------------------
CONTACT:  Jeff Margolin - (630) 915-6784

SOURCE:  First Trust/Four Corners Senior Floating Rate Income Fund II