UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-17145
FORM 10Q
FOR PERIOD ENDED: May 31, 1997
PAINE WEBBER QUALIFIED PLAN PROPERTY FUND LP
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(Exact name of registrant as specified in its charter)
265 Franklin Street, Boston, MA 02110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (617) 439-8118
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PART II - RULES 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
|_| (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report of transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the
prescribed due date; and
|_| (c) The accountant's statement or other exhibit required by Rule 12b-25
(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Quarterly Report on Form 10-Q of Paine Webber Qualified Plan Property Fund,
LP (the "Registrant") will not be completed by July 15, 1997, the last day for a
timely filing of such Quarterly Report for the period ended May 31, 1997.
Additional time is required in order to enable the Registrant to file a complete
and accurate report in light of the sale of the Partnership's final asset and
the resulting conversion to liquidation-basis accounting. The Form 10-Q will be
filed on or before July 21, 1997, in accordance with Rule 12b-25(b).
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Thomas W. Boland (617) 439-8138
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(2) Have all other periodic reports under
Section 13 or 15(e) of the Securities
Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the
preceding 12 months (or for such shorter)
period that the registrant was required to
file such reports) been filed? If answer is
no, identify report(s). |X| Yes |_| No
(3) Is it anticipated that any significant change
in results of operations from the corresponding
period for the last fiscal year will be reflected
by the earnings statements to be included in
the subject report or portion thereof? |_| Yes |X| No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
PAINE WEBBER QUALIFIED PLAN PROPERTY FUND LP
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(Name of registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: July 14, 1997 By: /s/ Walter V. Arnold
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Walter V. Arnold
Senior Vice President and
Chief Financial Officer
