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) September 14,
1995
BALCOR PENSION INVESTORS-VII
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Exact Name of Registrant
Illinois 0-15528
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State or other jurisdiction Commission file number
of organization
2355 Waukegan Road
Suite A200
Bannockburn, Illinois 36-3390487
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Address of principal I.R.S. Employer
executive offices Identification
Number
60015
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Zip Code
Registrant's telephone number, including area code:
(708) 267-1600
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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On September 14, 1995 the Partnership approved the engagement of
Coopers & Lybrand LLP as its independent auditors for the fiscal
year ending December 31, 1995 to replace the firm of Ernst &
Young LLP, who were dismissed as auditors of the Partnership
effective September 14, 1995. The General Partner of the
Partnership approved the change in auditors.
The reports of Ernst & Young LLP on the Partnership's financial
statements for the past two fiscal 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 Partnership's financial
statements for each of the two fiscal years ended December 31,
1994, and in the subsequent interim period, there were no
disagreements with Ernst & Young LLP on any matters of accounting
principles or practices, financial statement disclosure, or
auditing scope and procedures which, if not resolved to the
satisfaction of Ernst & Young LLP would have caused Ernst & Young
LLP to make reference to the matter in their report.
The Partnership has requested Ernst & Young LLP to furnish it a
letter addressed to the Commission stating whether it agrees with
the above statements. A copy of that letter, dated September 19,
1995, is filed as Exhibit 16 to this Form 8-K.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(A) FINANCIAL STATEMENTS:
None
(B) PRO FORMA FINANCIAL INFORMATION:
None
(C) EXHIBITS:
(16) Letter from Ernst & Young LLP dated September 19,
1995 regarding the change in the Registrant's
certifying accountant.
No information is required under Items 1, 2, 3, 5, 6 and 8
and these items have, therefore, been omitted.
Signature
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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.
BALCOR PENSION INVESTORS-VII
By: Balcor Mortgage Advisors-VII,
an Illinois general
partnership, its general
partner
By: The Balcor Company,
a Delaware corporation,
a partner
By: /s/ Jerry M. Ogle
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Jerry M. Ogle, Vice President
and Secretary
Dated: September 19, 1995
<PAGE>
EXHIBIT 16 TO FORM 8-K
September 19, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated September 19, 1995, of
Balcor Pension Investors-VII and are in agreement with the
statements contained in the second and third paragraph of Item 4.
We have no basis to agree or disagree with other statements of
the registrant contained therein.
/s/Ernst & Young LLP
