SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report November 6, 1998
AMERICAN REPUBLIC REALTY FUND I
(Exact name of registrant as specified in its charter)
WISCONSIN 0-11578 39-1421936
(State or other jurisdiction (Commission (IRS Employer
of file number) Identification Number)
incorporation or organization)
6210 Campbell Road Suite 140
Dallas, Texas 75248
(Address of principal executive offices)
Registrant's telephone number, including area code: (972)
380-8000.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
On November 6, 1998, the General Partner, on behalf of
American Republic Realty Fund I, approved the recommendation
to (i) engage Farmer, Fuqua, Hunt & Munselle, P.C. as the
independent accountants for American Republic Realty Fund I
and (ii) dismiss Deloitte & Touche LLP as such independent
accountants.
During the two fiscal years ended December 31, 1997 and the
subsequent interim period through November 6, 1998, (i)
there were no disagreements with Deloitte & Touche LLP on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which
disagreements if not resolved to its satisfaction would have
caused it to make reference in connection with its report to
the subject matter of the disagreement, and (ii) Deloitte &
Touche LLP has not advised the registrant of any reportable
events as defined in paragraph (A) through (D) of Regulation
S-K Item 304 (a) (1) (v).
The accountants' report of Deloitte & Touche LLP on the
financial statements of American Republic Realty Fund I as
of and for the year ended December 31, 1997 did not contain
any adverse opinion or disclaimer of opinion, and was not
qualified or modified as to uncertainty, audit scope, or
accounting principles. The accountants' report of Deloitte &
Touche LLP on the financial statements of American Republic
Realty Fund I as of and for the year ended December 31,
1996 did not contain an adverse opinion or disclaimer of
opinion, however it was qualified as to the partnership's
ability to continue as a going concern.
A letter from Deloitte & Touche LLP is attached as Exhibit
A.
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.
AMERICAN REPUBLIC REALTY FUND I
a Wisconsin limited partnership
By: /s/ Robert J. Werra
Robert J. Werra,
General Partner
Date: November 6, 1998
Deloitte & Touche
Deloitte & Touche LLP
Telephone: (214) 777-7000
Suite 1600
Chase Tower
2200 Ross Avenue
Dallas, Texas 75201-6778
November 6, 1998
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of
American Republic Realty Fund I (Commission File No.
0-11578) dated Nopvember 6, 1998.
Yours truly,
/s/ Deloitte & Touche LLP
Deloitte & Touche
Tohmatsu
