CORPORATE REALTY INCOME FUND I L P
4, 1998-08-06
REAL ESTATE
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FORM 4               U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940


================================================================================
1. Name and Address of Reporting Person*

GOSSETT, ROBERT F., JR.
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

406 East 85th Street
- --------------------------------------------------------------------------------
                                    (Street)

New York, New York 10028
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)

================================================================================
2. Issuer Name and Ticker or Trading Symbol

CORPORATE REALTY INCOME FUND I, L.P.

================================================================================
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)


================================================================================
4. Statement for Month/Year

July 1998

================================================================================
5. If Amendment, Date of Original (Month/Year)


================================================================================
6. Relationship of Reporting Person(s) to Issuer
   (Check all applicable)

   [ X ]   Director                             [   ]   10% Owner
   [ X ]   Officer (give title below)           [   ]   Other (specify below)

   Individual General Partner and Pres. of Corp General Partner.

================================================================================
7. Individual or Joint/Group Filing (Check Applicable Line)

   [ X ] Form filed by One Reporting Person
   [   ] Form filed by More than One Reporting Person


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    7.        
                                      2.            Code         ------------------------------- Owned at End   (D) or    Nature of 
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Indirect  
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Beneficial
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) Ownership 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>
Depositary Units of LP Interest       7/9/98          P              250          A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       7/9/98          P              100          A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       7/9/98          P              130          A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       7/9/98          P              300          A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       7/9/98          P              1320         A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       7/9/98          P              100          A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
*By Vance, Teel & Company, Ltd.                                  Page 1 of 4
====================================================================================================================================
</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.


<PAGE>



Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

<TABLE>   
<CAPTION> 
====================================================================================================================================


                                                                                                          9.        10.    
                                                                                                          Number    Owner- 
                                                                                                          of        ship   
                    2.                                                                                    Deriv-    Form of
                    Conver-                    5.                              7.                         ative     Deriv-   11.    
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature 
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of     
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-    
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct 
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-  
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial 
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner- 
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship   
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code  V   (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>  <C>  <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>


- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>
Explanation of Responses:  Indirect ownership  represents reporting person's 25%
proportionate  interest in Vance,  Teel & Company,  Ltd.  The  reporting  person
disclaims beneficial ownership of the remaining 75% proportionate interest owned
by the reporting person's spouse and adult children.


/s/ Robert F. Gossett, Jr.                                       7/28/98    
- ---------------------------------------------               --------------------
      **Signature of Reporting Person                             Date
          ROBERT F. GOSSETT, JR.

**     Intentional misstatements or omissions of facts constitute Federal 
       Criminal Violations.

____   See 18 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.
       Potential persons who are to respond to the collection of information
       contained in this form are not required to respond unless the form
       displays a currently valid OMB Number.



                                   Page 2 of 4

<PAGE>

FORM 4               U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940


================================================================================
1. Name and Address of Reporting Person*

Gossett, Robert F., Jr.
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

406 East 85th Street
- --------------------------------------------------------------------------------
                                    (Street)

New York, New York 10028
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)

================================================================================
2. Issuer Name and Ticker or Trading Symbol

Corporate Realty Income Fund I, L.P.

================================================================================
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)


================================================================================
4. Statement for Month/Year

July 1998

================================================================================
5. If Amendment, Date of Original (Month/Year)


================================================================================
6. Relationship of Reporting Person to Issuer
   (Check all applicable)

   [   ]   Director                             [   ]   10% Owner
   [   ]   Officer (give title below)           [   ]   Other (specify below)

- --------------------------------------------------------------------------------

================================================================================
7. Individual or Joint/Group Filing (Check Applicable Line)

   [   ] Form filed by One Reporting Person
   [   ] Form filed by More than One Reporting Person


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    7.        
                                      2.            Code         ------------------------------- Owned at End   (D) or    Nature of 
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Indirect  
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Beneficial
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) Ownership 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>
Depositary Units of L.P. Interest     7/9/98         P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     7/9/98         P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     7/9/98         P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     7/9/98         P               200         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest    7/22/98         P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest    7/22/98         P                50         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
*By Vance, Teel & Company, Ltd.                                      Page 3 of 4
====================================================================================================================================
</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

<PAGE>


FORM 4               U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940


================================================================================
1. Name and Address of Reporting Person*

GOSSETT, ROBERT F., JR.
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

406 East 85th Street
- --------------------------------------------------------------------------------
                                    (Street)

New York, New York 10028
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)

================================================================================
2. Issuer Name and Ticker or Trading Symbol

CORPORATE REALTY INCOME FUND I, L.P.

================================================================================
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)


================================================================================
4. Statement for Month/Year

July 1998

================================================================================
5. If Amendment, Date of Original (Month/Year)


================================================================================
6. Relationship of Reporting Person(s) to Issuer
   (Check all applicable)

   [   ]   Director                             [   ]   10% Owner
   [   ]   Officer (give title below)           [   ]   Other (specify below)

- -----------------------------------------------------------------

================================================================================
7. Individual or Joint/Group Filing (Check Applicable Line)

   [   ] Form filed by One Reporting Person
   [   ] Form filed by More than One Reporting Person


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    7.        
                                      2.            Code         ------------------------------- Owned at End   (D) or    Nature of 
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Indirect  
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Beneficial
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) Ownership 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>
Depositary Units of L.P. Interest     7/22/98        P               500          A     $10.75                  I          *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     7/22/98        P               100          A     $10.75   7,606.25       I          *
- ------------------------------------------------------------------------------------------------------------------------------------
*By Vance, Teel & Company, Ltd.                                  Page 4 of 4
====================================================================================================================================
</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.



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