INDIAN RIVER CITRUS INVESTORS LTD PARTNERSHIP
8-K, 1996-03-07
AGRICULTURAL PRODUCTION-CROPS
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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 (Date of earliest event reported)  March 1, 1996

INDIAN RIVER CITRUS INVESTORS LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in Its Charter)

Massachusetts
(State or Other Jurisdiction of organization)

        2-95219                        04-2859087
  (Commission File Number)         (I.R.S. Employer 
                                    Identification No.)

One International Place, Boston, Massachusetts            02110
   (Address of Principal Executive Offices)            (Zip Code)

(617) 330-8600
(Registrant's Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)


Item 3.   Bankruptcy or Receivership

     On March 1, 1996, the Registrant filed for bankruptcy 
under Chapter 11 of the United States Bankruptcy Act in the 
Federal District Court for the State of Florida, Southern 
District (Case No. 96-30843-BKC-SHF).  Winthrop Agricultural 
Management II, Inc., the general partner of Registrant, 
determined to seek reorganization under the Bankruptcy Act in 
order to attempt to maximize the Registrant's assets.  At 
present, the Registrant is in default under the second loan on 
Registrant's property and the second mortgagee initiated an 
action to have a receiver appointed for the property.  The 
value of the property is currently less than the total debt on 
the property.  The Registrant intends to submit its plan of 
reorganization to the court in the near future.


SIGNATURES

	Pursuant to the requirement 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.


                          INDIAN RIVER CITRUS INVESTORS 
                          LIMITED PARTNERSHIP

                          By:  Winthrop Agricultural 
                               Management II, Inc.,
                               General Partner

Date:  March 7, 1996          By:_/s/ Peter Braverman
                                      Peter Braverman
                                      Senior Vice President










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