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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): August 11, 1997
PRUDENTIAL-BACHE/WATSON & TAYLOR, LTD.-I
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(Exact name of Registrant as specified in its charter)
Texas 0-12048 75-1861221
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
One Seaport Plaza, New York, New York 10292-0128
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 214-1016
N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Prudential-Bache Properties, Inc., George S. Watson and A. Starke Taylor,
III, as general partners of Prudential-Bache/Watson & Taylor, Ltd.-I (the
'Partnership'), have completed the liquidation of the Partnership's remaining
assets. On August 11, 1997, the Partnership made a final liquidating
distribution to the limited partners of $27.46 per Unit, representing the
remaining cash of the Partnership following the payment of its remaining
liabilities. As the distribution of this amount to the limited partners of the
Partnership represented the final step in the liquidation of the Partnership,
the general partners terminated the Partnership effective August 11, 1997.
Item 7. Financial Statements and Exhibits.
(c)(1) Letter to Limited Partners of Prudential-Bache/Watson & Taylor, Ltd.-I
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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
(Registrant)
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By: Prudential-Bache Properties, Inc.
General Partner
By: /s/ Eugene D. Burak Date: August 11, 1997
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Eugene D. Burak
Vice President
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Prudential-Bache/Watson & Taylor, Ltd.-I
August 1997
To our Limited Partners:
As you know, the Limited Partners of Prudential-Bache/Watson & Taylor, Ltd.-I
(the 'Partnership') previously approved a plan of sale and liquidation, pursuant
to the Consent Statement dated September 17, 1996, providing for the sale of the
Partnership's assets, the liquidation of its liabilities and the distribution of
its remaining funds in accordance with the Partnership Agreement.
The General Partners distributed substantially all of the Partnership's
assets to the Limited Partners in November 1996 in the amount of $550 per Unit,
primarily consisting of net proceeds from the sales of the Partnership's assets.
On August 11, 1997, the Partnership made a final liquidating distribution to the
Limited Partners of $27.46 per Unit representing the remaining cash of the
Partnership, after payment of its remaining liabilities. With this final
liquidating distribution, the Partnership has made cash distributions to
Unitholders of $909.83 per Unit since its inception or approximately 182% of the
original capital contributions. The table below shows the disposition of the
Partnership's net assets from December 31, 1996 to August 11, 1997.
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Net Assets - December 31, 1996 $ 632,881
Changes in estimated liquidation
values of assets and liabilities 185,583
Cash distributions to Limited and
General Partners (818,464)
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Net Assets - August 11, 1997 $ -0 -
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As the distribution of these amounts to the Limited and General Partners
represented the final step in the liquidation process, the General Partners
terminated the Partnership effective August 11, 1997. In early 1998, the General
Partners will prepare and file the final tax returns and distribute the final
tax information on Schedule K-1 for the Limited Partners. Should you have any
questions concerning the liquidation of the Partnership, please feel free to
contact your Financial Advisor or call the Prudential Securities Client Services
Department at 1-800-535-2077.
/s/ Brian J. Martin
Brian J. Martin
President
Prudential-Bache Properties, Inc.
General Partner
