CONDEV LAND GROWTH FUND 86 LTD
8-K, 2000-06-01
BLANK CHECKS
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                                 UNITED STATES
                      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



                                 June 1, 2000
               Date of Report (Date of earliest event reported)



                       CONDEV LAND GROWTH FUND '86, LTD.
            (Exact Name of registrant as specified in its charter)


<TABLE>
<S>                                  <C>                          <C>
           Florida                         33-06419-A                   59-2766359
(State or other jurisdiction of      (Commission File Number)        (I.R.S. Employer
incorporation or organization)                                    Identification Number)
</TABLE>



                               2479 Aloma Avenue
                             Winter Park, FL 32792
          (Address of principal executive office, including zip code)

                                (407) 679-1748
             (Registrant's telephone number, including area code)
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Item 5. Other Events

     On May 1, 2000, Condev Land Growth Fund '86, Ltd. (the "Partnership")
reported to its limited partners that (1) a final accounting of the Partnership
has been completed, (ii) the final expenses of the Partnership were being paid
and (iii) the affairs of the Partnership have been wound up. A copy of the
Partnership's correspondence to the limited partners dated May 1, 2000 is
attached hereto as Exhibit 99.1, and is incorporated by reference.

     The Partnership sold the last property held by the Partnership on March 27,
2000. Each partner's pro rata share of the net proceeds received from such sale,
plus the remaining cash in the Partnership after deducting the estimated amounts
necessary for accounting, legal and administrative costs to wind up the affairs
of the Partnership were distributed on May 1, 2000.

     On May 31, 2000, the Partnership filed a Form 15 with the Securities and
Exchange Commission terminating the registration of its securities and
suspending its duty to file reports under the Securities Exchange Act of 1934,
as Amended.

Item 7. Exhibits.

        99.1    Correspondence to limited partners dated May 1, 2000


                                  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 by the
undersigned hereunto duly authorized.


                                CONDEV LAND GROWTH FUND '86, LTD.

                                By: Condev Associates, General Partner


Date: June 1, 2000              /s/ Robert N. Gardner
      ------------              ---------------------------------
                                Name: Robert N. Gardner, Partner


Date: June 1, 2000              /s/ Joseph J. Gardner
      ------------              ---------------------------------
                                Name: Joseph J. Gardner, Partner


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