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) June 19, 1997
SOUTHERN TIMBER PARTNERS I
(formerly Hutton Southern Timber Partners I)
(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 June 19, 1997 Southern Timber Partners 1 (the
"Registrant") completed a sale of approximately 4,657 acres
of the Estes Tract to the State of Florida for net proceeds
of $2,978,430 and a net loss of approximately $32,000. On
June 30, 1997, the Partnership paid a cash distribution of
$100.00 per Unit to Limited Partners of record on April 1,
1997, as a result of the completion of the sale of the
entire Estes Tract.
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: July 9, 1997 BY: /s/ Robert J. Hellman
Robert J. Hellman
Title: President and Chief Financial Officer
