We study the decay width, forward-backward asymmetry and the longitudinal
lepton polarization for the exclusive decay B --> K^* l^+ l^- in the two Higgs
doublet model with three level flavor changing neutral currents (model III) and
analyse the dependencies of these quantities on the the selected parameters,
\xi^{U,D}, of model III including the next to leading QCD corrections. It is
found that to look for charged Higgs effects, the measurements of the branching
ratio, forward-backward asymmetry and the longitudinal lepton polarization for
the decay B --> K^* l^+ l^- are promising.Comment: 17 pages, 6 figure