CORPORATE REALTY INCOME FUND I L P
4, 2000-01-07
REAL ESTATE
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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  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

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

________________________________________________________________________________
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.   IRS Identification Number of Reporting Person, if an entity (Voluntary)



________________________________________________________________________________
4.   Statement for Month/Year

     December 1999

________________________________________________________________________________
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
                                      2.            Code         ------------------------------- Owned at End   (D) or    7.
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Nature of
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Indirect
(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       12/15/99       P               200         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/15/99       P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/15/99       P               20          A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/15/99       P               950         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/15/99       P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/15/99       P               125         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/20/99       P               100         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of LP Interest       12/20/99       P               500         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
*By Vance, Teel & Company, Ltd.                                   Page 1 of 3
====================================================================================================================================
</TABLE>

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


CRIF Gossett, R./Form 4
(TFD 116 DOC)
<PAGE>


FORM 4 (continued)

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

================================================================================
<TABLE>
<CAPTION>
                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    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.                                       1/6/00
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date
        ROBERT F. GOSSETT, JR.

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

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

Note: File three copies of this Form,  one of which must be manually  signed. If
      space 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 3

<PAGE>


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  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

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

________________________________________________________________________________
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.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)



________________________________________________________________________________
4.   Statement for Month/Year

     December 1999

________________________________________________________________________________
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
                                      2.            Code         ------------------------------- Owned at End   (D) or    7.
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Nature of
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Indirect
(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     12/20/99       P               500         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     12/21/99       P               200         A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     12/21/99       P               20          A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     12/21/99       P               1,000       A      $10.75                  I         *
- ------------------------------------------------------------------------------------------------------------------------------------
Depositary Units of L.P. Interest     12/21/99       P               100         A      $10.75   46,941.75      I         *
- ------------------------------------------------------------------------------------------------------------------------------------
* By Vance, Teel & Company, Ltd.                                            Page 3 of 3

====================================================================================================================================
</TABLE>

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




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