SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported) April 18, 1997
SOUTHERN TIMBER PARTNERS 1
(formerly Hutton Southern Timber Partners 1)
(Exact name of registrant as specified in its charter)
Georgia 0-11027 56-1303554
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 18, 1997 Southern Timber Partners 1 (the "Registrant") completed a
sale of approximately 1,290 acres of the Estes Tract to the State of Florida
for net proceeds of $1,178,870 and a net gain of approximately $8,000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
SOUTHERN TIMBER PARTNERS I
BY: Southern Timber Resources Corp.
General Partner
Date: May 12, 1997 BY: /s/Robert J. Hellman
Name: Robert J. Hellman
Title: President and Chief Financial Officer
