<PAGE>
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 15, 1995
PRUDENTIAL-BACHE/WATSON & TAYLOR, LTD.-I
- --------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Texas 0-12048 75-1861221
- ----------------------------------------- ------------ ------------------
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
One Seaport Plaza, New York, New York 10292-0116
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 214-1016
N/A
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On December 15, 1995, the Management Committee of Prudential-Bache/Watson &
Taylor, Ltd.-I (the ``Partnership''), determined to seek bids for the properties
held by the Partnership. Copies of a press release announcing this decision and
a letter to limited partners are attached hereto as Exhibits 99.2 and 99.3 and
are incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.2 Press release dated December 18, 1995
99.3 Letter dated December 21, 1995.
2
<PAGE>
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, hereunto duly authorized.
Prudential-Bache/Watson & Taylor, Ltd.-I
By: Prudential-Bache Properties, Inc.
A Delaware corporation, General Partner
By: /s/ Thomas F. Lynch, III Date: December 26, 1995
----------------------------------------
Thomas F. Lynch, III
President
3
<PAGE>
Exhibit 99.2
(LOGO)
(ICON) For Immediate Release
FOR IMMEDIATE RELEASE Contact: Charles Perkins
212-214-3955
PRUDENTIAL-BACHE/WATSON & TAYLOR PARTNERSHIPS
SEEKING BIDS FOR PROPERTIES
New York, New York, December 18, 1995<DASH>Prudential Bache/Watson &
Taylor, Ltd-1, Prudential Bache/Watson & Taylor, Ltd-2, Prudential
Bache/Watson & Taylor, Ltd-3, and Prudential Bache/Watson & Taylor,
Ltd-4, announced today that they are soliciting bids for the properties
held by each of these partnerships. Interested parties will be invited
to bid on any or all of the properties, and bids will be evaluated on a
partnership by partnership basis.
If acceptable bids are received by a partnership, the partnership would
enter into agreements to sell the properties, subject to the approval of
its limited partners. If approved, the partnership would liquidate and
distribute its net assets to its partners.
There can, of course, be no assurance that acceptable bids will be
received or that any transactions will be consummated.
The four partnerships were organized to invest primarily in mini-storage
warehouses. Prudential-Bache Properties, Inc. is the Managing General Partner
of each partnership. George S. Watson and A. Starke Taylor, III are the
individual general partners of each partnership.
Prudential Securities Incorporated is a fully diversified, global
securities firm based in New York City, serving clients in the U.S. and
overseas through approximately 6,000 financial advisors. The fifth-largest
brokerage firm, Prudential Securities is a subsidiary of The Prudential
Insurance Company of America.
###
Prudential Securities Incorporated, One Seaport Plaza, New York, NY 10292
<PAGE>
December 21, 1995
Dear Limited Partner:
We are pleased to inform you that the Management Committee of Prudential-Bache/
Watson & Taylor, Ltd.-1 (the "Partnership") has determined that it would be
advisable and in the best interests of the Partnership to seek bids for the
properties held by the Partnership. Representatives of Prudential-Bache
Properties, Inc., the Managing General Partner of the Partnership, and of
Messrs. Watson and Taylor, the individual general partners, comprise the
members of the Management Committee.
Accordingly, Prudential-Bache Properties Inc. will shortly commence soliciting
bids for the Partnership's properties. Prudential-Bache/Watson & Taylor,
Ltd.-2, Prudential-Bache/Watson & Taylor, Ltd.-3 and Prudential-Bache/Watson &
Taylor, Ltd.-4, are also soliciting bids for the properties held by each of
these partnerships. Interested parties will be invited to bid on any or all of
the properties, and bids will be evaluated on a partnership by partnership
basis.
If acceptable bids are received, the Partnership would enter into agreements
to sell its properties, subject to the approval of the limited partners. If
approved, the Partnership would liquidate and distribute its net assets to the
partners. There can, of course, be no assurance that acceptable bids will be
received or that any transactions will be consummated.
You will be advised if and when bids are received and the Management Committee
determines if they are acceptable.
Very truly yours,
Thomas F. Lynch, III
President
Prudential-Bache Properties, Inc.
Managing General Partner
