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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NO. 1
Under the Securities Exchange Act of 1934
HUTTON/CONAM REALTY INVESTORS 81
(Name of Issuer)
UNITS REPRESENTING ASSIGNMENTS OF LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
------------------------
(CUSIP Number)
Christopher K. Davis
Everest Properties II, LLC
199 South Los Robles Avenue, Suite 440
Pasadena, California 91101
(626) 585-5920
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 19, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D/A, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
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This Amendment No. 1 amends the Schedule 13D filed with the Commission on
November 26, 1997 (the "Schedule 13D"). Capitalized terms used but not defined
herein have the meanings given to them in the Schedule 13D. The following items
are amended as follows:
ITEM 4. PURPOSE OF TRANSACTION.
On October 19, 1998, representatives of Everest Properties II, LLC,
("Everest") contacted representatives of the general partner of the Partnership
to obtain information regarding the Partnership's plans for the operations,
financing and any sales of the Partnership's properties. Everest currently
intends to continue such discussions with the Partnership's general partner, and
is evaluating its options available in order to advise or influence the
decisions of the general partner regarding the operations, financing and sale of
the Partnership's properties. Except as specified above, at this time, the
persons filing this Statement do not have any specific plans or proposals which
would relate to, or would result in, any transaction, change or other occurrence
with respect to the Partnership or the Units described in paragraphs (a) through
(j) of Item 4 in Schedule 13D.
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SIGNATURES
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: October 29, 1998
EVEREST INVESTORS, LLC
By: EVEREST PROPERTIES, Inc., Manager
By: /s/ W. ROBERT KOHORST
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W. Robert Kohorst
President
KM INVESTMENTS, LLC
By: EVEREST PROPERTIES II, LLC, Manager
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
EVEREST PROPERTIES, INC.
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
EVEREST PROPERTIES II, LLC
By: /s/ W. ROBERT KOHORST
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W. Robert Kohorst
President
