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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) May 20, 1997
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INDEPRO PROPERTY FUND I, L.P.
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(Exact name of registrant as specified in its charter)
DELAWARE 2-80756 51-0265801
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 Dresher Road, Horsham, PA 19044
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(Address of principal executive offices) (Zip Code)
(215) 956-0400
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
Effective May 20, 1997, the Board of Directors of Indepro Property Fund I,
Corp., the General Partner for the Registrant, approved the engagement of Ernst
& Young LLP as their independent auditors to replace the firm of Coopers &
Lybrand L.L.P.
The reports of Coopers & Lybrand L.L.P. on the Registrant's financial statements
for the past two years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.
In connection with the audits of the Registrant's financial statements for each
of the years ended December 31, 1996 and 1995, and in the subsequent interim
period prior to dismissal, there were no disagreements with Coopers & Lybrand
L.L.P. on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope of procedure, which if not resolved to the
satisfaction of Coopers & Lybrand L.L.P. would have caused Coopers & Lybrand
L.L.P. to make reference to the matter in connection with its report.
The Registrant has requested Coopers & Lybrand L.L.P. to furnish a letter
addressed to the Commission stating whether it agrees with the statements above.
A copy of that letter is attached as an exhibit to this report.
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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.
INDEPRO PROPERTY FUND I, L.P.
By: Indepro Property Fund I Corp.,
General Partner
By: /s/ Ronald M. Pappas
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Ronald M. Pappas
President
Date: May 27, 1997 By: /s/ Ann M. Strootman
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Ann M. Strootman
Controller
By: /s/ Wayne L. Harris
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Wayne L. Harris
Vice President
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Exhibit 16
Letter from Former Independent Accountants
May 22, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Indepro Property Fund I, L.P. (Commission
File Number 2-80756), which we understand will be filed with the Commission,
pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report for the
month of May 1997. We agree with the statements concerning our Firm in such Form
8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
