SUPPLEMENT NO. 3
ATEL CAPITAL EQUIPMENT FUND VII, L.P.
Supplement dated December 31, 1997 to prospectus dated November 29, 1996 of
ATEL Capital Equipment Fund VII, L.P. (the "Fund"). The following is an
update to the equipment acquisition summary in the prospectus reflecting
all lessees and equipment leased through December 31, 1997. This supplement
is to be used in conjunction with Supplement No. 2, dated August 31, 1997.
Chrysler Corporation
Moody's Credit Rating(1).....A3
Lease Financing of ..........Material Handling Equipment
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $982,293
Commencement Date of Lease...October to December 1996
Mobil Business Resources Corp.(8)
Moody's Credit Rating(1).....Aa2
Lease Financing of...........Helicopters
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $1,650,000
Commencement Date of Lease...November 1996
Burlington Northern Santa Fe Corporation(3)
Moody's Credit Rating(1).....Aa1
Lease Financing of...........Locomotives
Lease Term...................13 months
Equipment Cost(2)............Fully Funded: $5,010,960
Commencement Date of Lease...December 1996
General Electric Corporation
Moody's Credit Rating(1).....Aaa
Lease Financing of...........Blow Molding Machine
Lease Term...................2 years
Equipment Cost(2)............Fully Funded: $906,370
Commencement Date of Lease...January 1997
International Paper Company
Moody's Credit Rating(1).....A3
Lease Financing of...........Trackmobile
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $248,952
Commencement Date of Lease...January 1997
Illinois Central Railroad Co.(4)
Moody's Credit Rating(1).....Baa2
Lease Financing of...........Railcars
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $1,610,000
Commencement Date of Lease...January 1997
<PAGE>
Cargill, Inc.(4)
Moody's Credit Rating(1).....Aa3
Lease Financing of...........Covered Hopper Railcars
Lease Term...................6 years
Equipment Cost(2)............Fully Funded: $6,534,000
Commencement Date of Lease...January 1997
National Steel Corporation
Moody's Credit Rating(1).....Ba3
Lease Financing of...........CAT Dozer Tractors
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $734,730
Commencement Date of Lease...April 1997
Southern Illinois Railcar Company(4)
Lease Financing of...........Covered Hopper Railcars
Lease Term...................4 years
Equipment Cost(2)............Fully Funded: $462,000
Commencement Date of Lease...January 1997
Minteq International, Inc.
Moody's Credit Rating(1).....BaaCE
Lease Financing of...........Laser Measuring Machine
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $689,350
Commencement Date of Lease...January to March 1997
General Electric Corporation
Moody's Credit Rating(1).....Aaa
Lease Financing of...........Spectrometers
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $306,545
Commencement Date of Lease...March 1997
International Paper Company
Moody's Credit Rating(1).....A3
Lease Financing of...........Loaders
Lease Term...................4 to 6 years
Equipment Cost(2)............Fully Funded: $630,795
Commencement Date of Lease...January to February 1997
General Electric Corporation
Moody's Credit Rating(1).....Aaa
Lease Financing of...........Trackmobile
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $166,602
Commencement Date of Lease...March 1997
Sisseton Milbank Railroad(4)
Lease Financing of...........Covered Hopper Railcars
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $330,000
Commencement Date of Lease...January 1997
<PAGE>
Sebastiani Vineyards, Inc.
Lease Financing of...........Wine Barrels
Lease Term...................3 to 5 years
Equipment Cost(2)............Fully Funded: $872,061
Commencement Date of Lease...January 1998
Columbus & Greenville Railroad(4)
Lease Financing of...........Railcars
Lease Term...................16 months
Equipment Cost(2)............Fully Funded: $667,000
Commencement Date of Lease...January 1997
Signature Flight Support Corporation
Lease Financing of...........Fuel Trucks
Lease Term...................11 years
Equipment Cost(2)............Fully Funded: $760,000
Commencement Date of Lease...April 1997
Tarmac America, Inc.(5)
Lease Financing of...........Wheel Loaders
Lease Term...................18 months
Equipment Cost(2)............Fully Funded: $350,000
Commencement Date of Lease...April 1997
National Steel Corporation
Moody's Credit Rating(1).....Ba3
Lease Financing of...........Dozers and Loaders
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $3,666,101
Commencement Date of Lease...July 1997
Sematech, Inc.
Lease Financing of...........Manufacturing Equipment
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $1,303,600
Commencement Date of Lease...October 1997
International Paper Company
Moody's Credit Rating(1).....A3
Lease Financing of...........Material Handling Equipment
Lease Term...................5 Years
Equipment Cost(2)............Fully Funded: $539,438
Commencement Date of Lease...June to July 1997
Omnicom Group, Inc.(6)
Moody's Credit Rating(1).....Baa2
Lease Financing of...........Furniture & Fixtures
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $20,292
Commencement Date of Lease...July 1997
Applied Magnetics Corporation
Lease Financing of...........Manufacturing Equipment
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $4,152,810
Commencement Date of Lease...July 1997
Maxtor Corporation
Lease Financing of...........Test Equipment
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $533,698
Commencement Date of Lease...September 1997
Minteq International, Inc.
Moody's Credit Rating(1).....BaaCE
Lease Financing of...........Research Equipment
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $1,019,585
Commencement Date of Lease...September 1997 to January 1998
<PAGE>
National Steel Corporation
Moody's Credit Rating(1).....Ba3
Lease Financing of...........Mining Equipment
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $1,747,828
Commencement Date of Lease...October 1997
Sematech, Inc.
Moody's Credit Rating(1).....BaaCE
Lease Financing of...........Manufacturing Equipment
Lease Term...................3 years
Equipment Cost(2)............Funded: $1,800,000
Remaining Lease Commitment: $600,000
Commencement Date of Lease...February 1998
International Paper Company
Moody's Credit Rating(1).....A3
Lease Financing of...........Knuckle Boom Wheel Loaders
Lease Term...................4 to 5 years
Equipment Cost(2)............Fully Funded: $926,964
Commencement Date of Lease...September to October 1997
NVR, Inc.
Moody's Credit Rating(1).....B2
Lease Financing of...........Manufacturing Equipment
Lease Term...................7 years
Equipment Cost(2)............Fully Funded: $591,046
Commencement Date of Lease...August to October 1997
Consolidated Rail Corporation
Moody's Credit Rating(1).....Aa1
Lease Financing of...........Intermodal Containers & Chassis
Lease Term...................7 Years
Equipment Cost(2)............Fully Funded: $3,314,000
Commencement Date of Lease...September to November 1997
U.K. Local Authorities(7)
Moody's Credit Rating(1).....BaaCE
Lease Financing of...........Vehicles & Sanitation Trucks
Lease Term...................30 to 66 months
Equipment Cost(2)............Fully Funded: $5,381,076
Commencement Date of Lease...September 1997
International Paper Company
Moody's Credit Rating(1).....A3
Lease Financing of...........Rail Log Cars
Lease Term...................51 months
Equipment Cost(2)............Fully Funded: $5,624,724
Commencement Date of Lease...October 1997
NVR, Inc.
Moody's Credit Rating(1).....B2
Lease Financing of...........Manufacturing Equipment
Lease Term...................7 years
Equipment Cost(2)............Fully Funded: $137,921
Commencement Date of Lease...November 1997
U.K. Local Authorities(9)
Moody's Credit Rating(1).....BaaCE
Lease Financing of...........Sanitation & Maintenance Vehicles
Lease Term...................29 to 113 months
Equipment Cost(2)............Fully Funded: $28,811,289
Commencement Date of Lease...October 1997
<PAGE>
Archer Daniels Midland
Lease Financing of...........Tank Cars
Lease Term...................Various
Equipment Cost(2)............Lease Commitment: $42,875
Commencement Date of Lease...January 1998
Kraft Foods, Inc.
Moody's Credit Rating(1).....A2
Lease Financing of...........Office Equipment
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $549,980
Commencement Date of Lease...November 1997 to January 1998
TASC, Inc.
Lease Financing of...........Office Equipment
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $943,976
Commencement Date of Lease...October 1997 to January 1998
Mobil Business Resources Corp.(8)
Moody's Credit Rating(1).....Aa2
Lease Financing of...........Helicopter
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $1,160,000
Commencement Date of Lease...October 1997
A.P. Moller (Maersk)
Lease Financing of...........Intermodal Containers
Lease Term...................52 months
Equipment Cost(2)............Fully Funded: $2,280,100
Commencement Date of Lease...January 1998
Sierra Pacific Power Company & Idaho Power Company
Moody's Credit Rating(1).....A2
Lease Financing of...........Coal Hopper Rail Cars
Lease Term...................67 months
Equipment Cost(2)............Fully Funded: $2,600,000
Commencement Date of Lease...December 1997
Ultrabeam Lithography, Inc.(10)
Lease Financing of...........Manufacturing Equipment
Lease Term...................4 years
Equipment Cost(2)............Fully Funded: $330,995
Commencement Date of Lease...December 1997 to January 1998
Applied Magnetics Corporation
Lease Financing of...........Office Equipment
Lease Term...................60 to 63 months
Equipment Cost(2)............Fully Funded: $7,975,841
Commencement Date of Lease...December 1997 to January 1998
Atmel Corporation
Lease Financing of...........Manufacturing Equipment
Lease Term...................8 years
Equipment Cost(2)............Fully Funded: $4,114,596
Commencement Date of Lease...January 1998
<PAGE>
Blue Star Line, Ltd.
Lease Financing of...........Intermodal Containers
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $3,573,462
Commencement Date of Lease...January 1998
Mobil Oil Corporation
Moody's Credit Rating(1).....Aa2
Lease Financing of...........Wheel Loader
Lease Term...................3 years
Equipment Cost(2)............Fully Funded: $92,773
Commencement Date of Lease...January 1998
Far East Shipping Company
Lease Financing of...........Intermodal Containers
Lease Term...................75 months
Equipment Cost(2)............Fully Funded: $2,257,299
Commencement Date of Lease...January 1998
Kraft Foods, Inc.
Moody's Credit Rating(1).....A2
Lease Financing of...........Furniture & Fixtures
Lease Term...................7 years
Equipment Cost(2)............Fully Funded: $1,154,439
Commencement Date of Lease...November 1997 to January 1998
U.K. Local Authorities(9)
Moody's Credit Rating(1).....BaaCE
Lease Financing of...........Medical Equipment
Lease Term...................25 to 81 months
Equipment Cost(2)............Fully Funded: $8,014,488
Commencement Date of Lease...October 1997
Grand Truck Western Railroad, Inc.(11)
Moody's Credit Rating(1).....A3
Lease Financing of...........Boxcars
Lease Term...................2 years
Equipment Cost(2)............Fully Funded: $3,342,139
Commencement Date of Lease...January 1998
Dole Fresh Fruit Company
Moody's Credit Rating(1).....Baa2
Lease Financing of...........Intermodal Containers
Lease Term...................44 months
Equipment Cost(2)............Fully Funded: $3,876,170
Commencement Date of Lease...January 1998
Nippon Yusen Kaisha, Ltd. (NYK Line)
Moody's Credit Rating(1).....Baa3
Lease Financing of...........Intermodal Containers
Lease Term...................8 years
Equipment Cost(2)............Fully Funded: $8,715,760
Commencement Date of Lease...January 1998
<PAGE>
National Steel Corporation
Moody's Credit Rating(1).....Ba3
Lease Financing of...........Crane & Wheeel Loader
Lease Term...................4 years
Equipment Cost(2)............Fully Funded: $861,344
Commencement Date of Lease...January 1998
Omnicom Group, Inc.
Moody's Credit Rating(1).....Baa1
Lease Financing of...........Office Furniture
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $1,007,401
Commencement Date of Lease...January 1998
Kawasaki Kisen Kaisha, Ltd. (K-Line)
Lease Financing of...........Intermodal Containers
Lease Term...................52 months
Equipment Cost(2)............Fully Funded: $2,614,728
Commencement Date of Lease...January 1998
Xerox Corporation
Moody's Credit Rating(1).....A2
Lease Financing of...........Manufacturing Equipment
Lease Term...................5 years
Equipment Cost(2)............Fully Funded: $3,521,046
Commencement Date of Lease...January 1998
Signature Flight Support Corporation
Lease Financing of...........Fuel Trucks
Lease Term...................8 to 11 years
Equipment Cost(2)............Fully Funded: $620,000
Commencement Date of Lease...January 1998
Ultratech Stepper, Inc.
Lease Financing of...........Manufacturing Equipment
Lease Term...................4 years
Equipment Cost(2)............Lease Commitment: $2,701,665
Commencement Date of Lease...April 1998
Triad International(3)
Lease Financing of...........Aircraft Maintenance Equipment
Lease Term...................6 to 8 months
Equipment Cost(2)............Lease Commitment: $529,131
Commencement Date of Lease...December 1997
Burlington Northern Santa Fe Corporation
Lease Financing of...........Locomotives
Lease Term...................7 months
Equipment Cost(2)............Lease Commitment: $16,362,000
Commencement Date of Lease...January 1998
Riceland Foods
Lease Financing of...........Tank Cars
Lease Term...................4 months
Equipment Cost(2)............Lease Commitment: $130,032
Commencement Date of Lease...January 1998
Morton's Restaurants, Inc.
Lease Financing of...........Furniture & Fixtures
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $2,200,000
Commencement Date of Lease...January 1998
<PAGE>
TASC, Inc.
Lease Financing of...........Office Equipment
Lease Term...................3 years
Equipment Cost(2)............Lease Commitment: $298,235
Commencement Date of Lease...January 1998 to April 1998
Signature Flight Support Corporation
Lease Financing of...........Aviation
Lease Term...................8 years
Equipment Cost(2)............Lease Commitment: $348,211
Commencement Date of Lease...April 1998
Ultratech Stepper, Inc.
Lease Financing of...........Manufacturing Equipment
Lease Term...................4 years
Equipment Cost(2)............Lease Commitment: $938,600
Commencement Date of Lease...April 1998
PVS Technologies
Lease Financing of...........Tank Cars
Lease Term...................Various
Equipment Cost(2)............Lease Commitment: $672,388
Commencement Date of Lease...January 1998
Signature Flight Support Corporation
Lease Financing of...........Aviation
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $681,624
Commencement Date of Lease...January 1998
Great Salt Lake Minerals
Lease Financing of...........Tank Cars
Lease Term...................9 to 20 months
Equipment Cost(2)............Lease Commitment: $481,261
Commencement Date of Lease...January 1998
Stater Brothers Markets
Moody's Credit Rating(1).....B1
Lease Financing of...........Furniture & Fixtures
Lease Term...................2 months
Equipment Cost(2)............Lease Commitment: $13,643
Commencement Date of Lease...December 1997
Danskin(3)
Lease Financing of...........Textile Manufacturing Equipment
Lease Term...................7 to 18 months
Equipment Cost(2)............Lease Commitment: $179,077
Commencement Date of Lease...December 1997
GM Powertrain
Moody's Credit Rating(1).....A3
Lease Financing of...........Forklifts
Lease Term...................18 months
Equipment Cost(2)............Lease Commitment: $352,520
Commencement Date of Lease...December 1997
<PAGE>
Pioneer Chlor Alkali
Lease Financing of...........Tank Cars
Lease Term...................15 to 60 months
Equipment Cost(2)............Lease Commitment: $1,614,144
Commencement Date of Lease...January 1998
Tarmac America, Inc.
Moody's Credit Rating........Ba3
Lease Financing of...........Barges
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $7,335,250
Commencement Date of Lease
January 1998
Koppers Industries
Moody's Credit Rating(1).....B1
Lease Financing of...........Tank Car
Lease Term...................Various
Equipment Cost(2)............Lease Commitment: $5,400
Commencement Date of Lease...January 1998
Kraft Foods, Inc.
Moody's Credit Rating(1).....A2
Lease Financing of...........Furniture & Fixtures
Lease Term...................7 years
Equipment Cost(2)............Lease Commitment: $797,339
Commencement Date of Lease...January 1998
Farmland Hydro, L.P.
Lease Financing of...........Tank Cars
Lease Term...................16 months
Equipment Cost(2)............Lease Commitment: $370,808
Commencement Date of Lease...January 1998
Anchor Glass
Moody's Credit Rating(1).....B1
Lease Financing of...........Computer Equipment
Lease Term...................20 months
Equipment Cost(2)............Lease Commitment: $404,994
Commencement Date of Lease...October 1997
Sebastiani Vineyards
Lease Financing of...........Food Processing
Lease Term...................Various
Equipment Cost(2)............Lease Commitment: $223,765
Commencement Date of Lease...January 1998 to April 1998
Seaboard Trading
Lease Financing of...........Tank Cars
Lease Term...................22 months
Equipment Cost(2)............Lease Commitment: $622,515
Commencement Date of Lease...January 1998
Wisconsin Packing
Lease Financing of...........Forklifts
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $91,850
Commencement Date of Lease...February 1995
National Steel Corporation
Moody's Credit Rating(1).....Ba3
Lease Financing of...........Mining Equipment
Lease Term...................4 years
Equipment Cost(2)............Lease Commitment: $867,082
Commencement Date of Lease...April 1998
<PAGE>
Wayne Farms
Lease Financing of...........Agricultural Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $64,686
Commencement Date of Lease...January 1994
PCS Phosphate
Lease Financing of...........Tank Cars
Lease Term...................25 months
Equipment Cost(2)............Lease Commitment: $175,000
Commencement Date of Lease...January 1998
Alliant Techsystems
Lease Financing of...........Test Equipment
Lease Term...................36 months
Equipment Cost(2)............Lease Commitment: $138,505
Commencement Date of Lease...September 1995 to May 1996
Anchor Glass
Lease Financing of...........Packaging Equipment
Lease Term...................53 to 56 months
Equipment Cost(2)............Lease Commitment: $371,282
Commencement Date of Lease...November 1993
Avon Products
Lease Financing of...........Office Equipment
Lease Term...................3 years
Equipment Cost(2)............Lease Commitment: $29,415
Commencement Date of Lease...June 1996
Consolidated Diesel
Lease Financing of...........Machine Tools & Office Equipment
Lease Term...................3 years
Equipment Cost(2)............Lease Commitment: $30,858
Commencement Date of Lease...November 1995 to March 1996
Rencoal(3)
Lease Financing of...........Trucks
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $805,181
Commencement Date of Lease...January 1994
Danskin(3)
Lease Financing of...........Manufacturing Equipment
Lease Term...................2 years
Equipment Cost(2)............Lease Commitment: $76,640
Commencement Date of Lease...January 1997
Empire Blue Cross
Lease Financing of...........Furniture
Lease Term...................6 years
Equipment Cost(2)............Lease Commitment: $696,766
Commencement Date of Lease...March 1995
Exel Logistics
Lease Financing of...........Transportation Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $133,947
Commencement Date of Lease...April 1993
<PAGE>
Hartz Foods
Lease Financing of...........Refrigeration Units
Lease Term...................4 years
Equipment Cost(2)............Lease Commitment: $18,422
Commencement Date of Lease...October 1994
Henry General Hospital
Lease Financing of...........Imaging Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $185,700
Commencement Date of Lease...June 1996
Hughes Network Systems
Lease Financing of...........Communications Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $97,237
Commencement Date of Lease...September 1993
Hyplains Beef
Lease Financing of...........Agricultural/Food Processing
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $1,364,007
Commencement Date of Lease...November 1993
IBM Corporation
Lease Financing of...........Stereolithography Equipment
Lease Term...................3 years
Equipment Cost(2)............Lease Commitment: $30,026
Commencement Date of Lease...August 1995
International Rectifier
Lease Financing of...........Manufacturing Equipment
Lease Term...................4 to 5 years
Equipment Cost(2)............Lease Commitment: $589,829
Commencement Date of Lease...March 1993- to October 1993
ITO Corporation
Lease Financing of...........Forklifts
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $240,488
Commencement Date of Lease...March 1994 to July 1995
Louisiana Worker
Lease Financing of...........Office Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $2,199
Commencement Date of Lease...February 1994
Maxtor
Lease Financing of...........Test Equipment
Lease Term...................2 years
Equipment Cost(2)............Lease Commitment: $241,310
Commencement Date of Lease...July 1996
North American Chemical
Lease Financing of...........Manufacturing Equipment
Lease Term...................3 years
Equipment Cost(2)............Lease Commitment: $18,809
Commencement Date of Lease...June 1995 to July 1996
<PAGE>
Pentagon Systems
Lease Financing of...........Electronic Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $106,842
Commencement Date of Lease...December 1995
PlasmaQuest
Lease Financing of...........Computer
Lease Term...................1 year
Equipment Cost(2)............Lease Commitment: $6,406
Commencement Date of Lease...September 1997
Ralph's Grocery
Lease Financing of...........Forklifts
Lease Term...................56 months
Equipment Cost(2)............Lease Commitment: $275,385
Commencement Date of Lease...July 1993
Rose Acres Farms
Lease Financing of...........Agricultural Equipment
Lease Term...................82 months
Equipment Cost(2)............Lease Commitment: $185,461
Commencement Date of Lease...June 1992
Sarif, Inc.(3)
Lease Financing of...........Manufacturing Equipment
Lease Term...................28 months
Equipment Cost(2)............Lease Commitment: $224,702
Commencement Date of Lease...September 1997
Smitty's Super Valu
Lease Financing of...........Grocery FF&E
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $451,861
Commencement Date of Lease...April 1993
Southern Pacific Railroad
Lease Financing of...........Locomotives
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $795,316
Commencement Date of Lease...October 1993
South West Health Center
Lease Financing of...........Medical Equipment
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $13,000
Commencement Date of Lease...February 1993
Thompson Pipe & Steel
Lease Financing of...........Office Equipment
Lease Term...................4 years
Equipment Cost(2)............Lease Commitment: $31,918
Commencement Date of Lease...February 1994
Thomson Saginaw Ball Screw Co.
Lease Financing of...........Machine Tools
Lease Term...................5 years
Equipment Cost(2)............Lease Commitment: $488,917
Commencement Date of Lease...May 1994
<PAGE>
Triad International Maintenance Corp.
Lease Financing of...........Maintenance Equipment
Lease Term...................7 years
Equipment Cost(2)............Lease Commitment: $424,993
Commencement Date of Lease...March 1998
Wagner College
Lease Financing of...........Office Equipment
Lease Term...................2 years
Equipment Cost(2)............Lease Commitment: $91,951
Commencement Date of Lease...July to September 1998
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ATEL Capital Equipment Fund VII, L.P.
Total Equipment Cost(as of December 31, 1997)
Funded to Date:..............$142,088,567
Commitments to be Funded:.....$47,653,407(12)
Total Cost:..................$189,741,974
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(1) Credit rating as listed by Moody's Investor Services as of the date of
this report. "N/R" signifies that either the company has no public debt or
has not been issued a rating. "BaaCE" indicates a credit equivalent of Baa
or better as determined by the General Partner. The credit rating
of guaranteed Leases is that of the Guarantor.
(2) The "equipment cost" for each of the Fund's lease transactions may
reflect a fully funded acquisition, a partially funded commitment or a
lease commitment which has not yet been funded. Transactions for which
the equipment cost is characterized as "fully funded" reflect the actual
amount invested in the transaction as of the date hereof, and no further
funding is anticipated for these transactions. The equipment cost for
partially funded transactions is described by the remaining lease commitment
and the amount actually funded as of the date hereof. For transactions
which have not yet been funded, the equipment cost reflects only the
lease commitment. For those leases which are not fully funded as of the
date hereof, the amount of the lease commitment and the stated range
of commencement dates of the lease represent the Fund Manager's best estimate
as to the ultimate size and timing of the transaction, based on the Fund's
lease commitment to the lessee, its discussions with the lessee
regarding funding requirements and timing, the current and
anticipated availability of Fund capital and other factors. There can be
no assurance, however, that any portion of a transaction which has not yet
been funded will be completed as described.
(3) Purchase price escrowed due to lessee credit rating.
(4) Part of a portfolio managed by MRX Corporation. Lease term represents
the remaining months of the existing lease contract.
(5) Co-lessee with Tarmac Mid-Atlantic, Inc. and Tarmac Florida, Inc. Lease
is guaranteed by Tarmac PLC.
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(6) Guaranteed by Omnicon Group, Inc. Actual Lessees are various
subsidiaries of OmnicomGroup, Inc..
(7) A portfolio purchased from Hambros Vendor Finance Limited. Lease
term represents the remaining months of the existing lease contracts.
(8) Guaranteed by Mobil Corporation
(9) A portfolio purchased from Hastings Leasing Limited. Lease term
represents the remaining months of the existing lease contracts.
(10) Guaranteed by Ultratech Stepper, Inc.
(11) Guaranteed by Canadian National Railway Company
(12) Includes rail cars totaling $381,939 not currently on lease which
were part of a purchased lease portfolio.
Note: Some lessees may be a portion of acquired portfolios of leases.
Status of the Offering
As of December 31, 1997, the Fund had received and accepted subscriptions
for 6,716,846 units for total subscriptions in the amount of $67,168,460.
As of this date, the Fund had committed all of such proceeds to equipment
costs, offering and organization expenses and capital reserves.
