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): July 11, 1997
RWB MEDICAL INCOME PROPERTIES 1
LIMITED PARTNERSHIP
(Exact name of Registrant as Specified in its Charter)
Louisiana 2-92396 72-1007233
(State or other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation or Organization) Identification No.)
RWB Medical Income Properties 1 Limited Partnership
7000 Central Parkway, Suite 850
Atlanta, Georgia 30328
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 668-1080
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On July 11, 1997 RWB Medical Income Properties 1 Limited
Partnership (the "Partnership") distributed to its partners of
record on that date the amount of $2,518,450.00, or $110.00 per
Unit, out the Partnership's assets. This distribution was made
in connection with the Partnership's planned liquidation as
described in its Current Report on Form 8-K filed February 18,
1997, and represented an accelerated partial (approximately 70%)
payment of funds scheduled for distribution in March 1998 under
that plan. The Partnership intends to distribute in March 1998
the balance of the distribution scheduled ($48.00 per Unit) and
to reevaluate its cash requirements and need for reserves at that
time to assess whether an additional amount will be distributed.
The Partnership intends otherwise to liquidate in accordance with
the planned schedule.
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 this 18th day of July, 1997 by the undersigned
hereunto duly authorized.
RWB MEDICAL INCOME
PROPERTIES 1 LIMITED
PARTNERSHIP
By: /s/ John H. Stoddard
John H. Stoddard
President
RWB Management Corp.
Managing General Partner
