ANGELES PARTNERS IX
SC 14D1/A, 1998-09-10
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                      ------------------------------------


                                SCHEDULE 14D-1/A
              TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 1)

                                      AND

                                 SCHEDULE 13D/A
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 2)

                      ------------------------------------


                              ANGELES PARTNERS IX
                           (Name of Subject Company)

                        COOPER RIVER PROPERTIES, L.L.C.
                           INSIGNIA PROPERTIES, L.P.
                           INSIGNIA PROPERTIES TRUST
                         INSIGNIA FINANCIAL GROUP, INC.
                                   (Bidders)

                     UNITS OF LIMITED PARTNERSHIP INTEREST
                         (Title of Class of Securities)

                                      NONE
                     (Cusip Number of Class of Securities)

                      ------------------------------------


                                JEFFREY P. COHEN
                             SENIOR VICE PRESIDENT
                         INSIGNIA FINANCIAL GROUP, INC.
                                375 PARK AVENUE
                                   SUITE 3401
                            NEW YORK, NEW YORK 10152
                                 (212) 750-6070
            (Name, Address and Telephone Number of Person Authorized
          to Receive Notices and Communications on Behalf of Bidders)

                                    COPY TO:

                              JOHN A. HEALY, ESQ.
                               ROGERS & WELLS LLP
                                200 PARK AVENUE
                            NEW YORK, NEW YORK 10166
                                 (212) 878-8000

                      ------------------------------------




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       AMENDMENT NO. 1 TO SCHEDULE 14D-1/AMENDMENT NO. 2 TO SCHEDULE 13D

         This Amendment No. 1, which amends and supplements the Tender Offer
Statement on Schedule 14D-1 originally filed with the Commission on August 12,
1998 (the "Schedule 14D-1") by Cooper River Properties, L.L.C. (the
"Purchaser"), Insignia Properties, L.P. ("IPLP"), Insignia Properties Trust
("IPT") and Insignia Financial Group, Inc. ("Insignia"), also constitutes
Amendment No. 2 to the Statement on Schedule 13D of the Purchaser, IPLP, IPT,
Insignia and Andrew L. Farkas, originally filed with the Commission on June 22,
1998, as amended by Amendment No. 1 filed with the Commission on August 12,
1998 (and together with the Schedule 14D-1, the "Schedules"). The Schedules
relate to the tender offer of the Purchaser to purchase up to 5,000 of the
outstanding units of limited partnership interest (the "Units") of Angeles
Partners IX, at a purchase price of $330 per Unit, net to the seller in cash,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated August 12, 1998 (the "Offer to Purchase") and the related Assignment of
Partnership Interest (which, together with any supplements or amendments,
collectively constitute the "Offer"). Capitalized terms used but not defined
herein have the meanings ascribed to them in the Offer to Purchase and the
Schedule 14D-1.


ITEM 10.  ADDITIONAL INFORMATION.

         (f)      The Offer has been extended to 5:00 p.m., New York time, on
Friday, September 18, 1998. On September 10, 1998, the Purchaser issued a press
release announcing such extension and reporting that approximately 891 Units
had been tendered pursuant to the Offer to date. A copy of the press release
has been filed as Exhibit (a)(5) to this Amendment No. 1 and is incorporated
herein by reference in its entirety.

ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS.

         (a)(5)   Text of press release issued by the Purchaser on 
September 10, 1998.


                                       2

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                                   SIGNATURE


         After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  September 10, 1998


                                              COOPER RIVER PROPERTIES, L.L.C.


                                              By:    /s/ JEFFREY P. COHEN
                                                     --------------------------
                                                    Jeffrey P. Cohen
                                                    Manager



                                              INSIGNIA PROPERTIES, L.P.

                                              By:   Insignia Properties Trust,
                                                    its General Partner


                                              By:    /s/ JEFFREY P. COHEN
                                                     --------------------------
                                                    Jeffrey P. Cohen
                                                    Senior Vice President



                                              INSIGNIA PROPERTIES TRUST


                                              By:    /s/ JEFFREY P. COHEN
                                                     --------------------------
                                                    Jeffrey P. Cohen
                                                    Senior Vice President



                                              INSIGNIA FINANCIAL GROUP, INC.


                                              By:    /s/ FRANK M. GARRISON
                                                     --------------------------
                                                    Frank M. Garrison
                                                    Executive Managing Director



                                 SOLELY FOR PURPOSES OF, AND INSOFAR AS THIS
                                 FILING CONSTITUTES, AMENDMENT NO. 2 TO THE
                                 STATEMENT ON SCHEDULE 13D


                                               /s/  ANDREW L. FARKAS
                                                    --------------------------
                                              By:   Jeffrey P. Cohen
                                                    Attorney-in-Fact

                                                         
                                       3

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                                 EXHIBIT INDEX



   EXHIBIT NO.                                DESCRIPTION

      (a)(5)                     Text of press release issued by the Purchaser 
                                 on September 10, 1998.





                                       4


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                                                               EXHIBIT (a)(5)

COOPER RIVER PROPERTIES, L.L.C.
P.O. Box 19059
Greenville, SC 29602

CONTACT:       Edward McCarthy of Beacon Hill Partners, Inc.
               (212) 843-8500


FOR IMMEDIATE RELEASE


                           COOPER RIVER ANNOUNCEMENT

         GREENVILLE, SOUTH CAROLINA, September 10, 1998--Cooper River
Properties, L.L.C. today announced that it has extended the expiration date of
its outstanding tender offers for limited partnership interests in Angeles
Income Properties, Ltd. III, Angeles Income Properties, Ltd. IV, Angeles
Opportunity Properties, Ltd., Angeles Partners IX and Angeles Partners XI. The
expiration date for each tender offer has been extended to 5:00 p.m., New York
time, on Friday, September 18, 1998. The offers were previously scheduled to
expire at 12:00 midnight on Wednesday, September 9, 1998.

         Cooper River reported, based on information provided by the depositary
for the offers, that as of the close of business on September 9, 1998,
approximately 9,743 interests had been tendered pursuant to the Angeles Income
Properties, Ltd. III offer, approximately 7,412 interests had been tendered
pursuant to the Angeles Income Properties, Ltd. IV offer, approximately 558
interests had been tendered pursuant to the Angeles Opportunity Properties,
Ltd. offer, approximately 891 interests had been tendered pursuant to the
Angeles Partners IX offer and approximately 6,524 interests had been tendered
pursuant to the Angeles Partners XI offer.

         For further information, please contact Beacon Hill Partners at (800)
854-9486, which is acting as the Information Agent for the offers.


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