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) December 29, 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
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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
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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 December 29, 1997, Southern Timber Partners I (the "Registrant")
completed the sale of its remaining timberland asset, the Laurel View Tract,
a 1,709 acre tract of land owned as part of a joint venture with Southern
Timber Partners 2, to an unaffiliated third party. Southern Timber Partners
I owns a 24% interest in the Laurel View Tract. The Registrant received net
proceeds of $1,378,919, and the transaction resulted in a loss on sale of
approximately $54,274. As a result of the sale of the Laurel View Tract, the
Registrant is expected to dissolve by March 31, 1997.
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: January 8, 1998 BY: /s/Robert J. Hellman
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Robert J. Hellman
Title: President and Chief
Financial Officer
