  Formulas are developed for use in lattice studies of charged hadron
polarizabilities. In particular, the valence quark different-flavor component
of the charged pion polarizability is examined on a $16^{3}\times 24$ lattice
at $\beta=6.0$ using Wilson fermions. Using the elastic limit results of Part I
of this series, it is concluded that this represents a small negative component
of the full charged polarizabilty.
