PRUDENTIAL BACHE AG SPANOS GENESIS INCOME PARTNERS L P I
8-K, 1999-10-22
OPERATORS OF APARTMENT BUILDINGS
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                       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

Date of Report (Date of earliest event reported): October 13, 1999

          PRUDENTIAL-BACHE/A.G. SPANOS GENESIS INCOME PARTNERS L.P., I
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

Delaware                                       0-16861           94-3028298
- -----------------------------------------    ------------    ------------------
(State or other jurisdiction                 (Commission     (I.R.S. Employer
of incorporation or organization)            File Number)    Identification No.)

1341 West Robinhood, Suite B-9, Stockton, CA                     95207
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (209) 478-0140

                                      N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)

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Item 5. Other Events.

   Prudential-Bache Properties, Inc. and A.G. Spanos Residential Partners-86, as
general partners of Prudential-Bache/A.G. Spanos Genesis Income Partners L.P., I
(the 'Partnership'), have completed the liquidation of the Partnership's
remaining assets. On September 30, 1999, the Partnership made a final
liquidating distribution of $54.86 per Unit to Unitholders. This distribution
represented the remaining cash of the Partnership after the sale of its last
property and after payment of its remaining liabilities. As the distribution of
this amount to the Unitholders of the Partnership represented the final step in
the liquidation of the Partnership, the general partners terminated the
Partnership effective October 13, 1999.

Item 7. Financial Statements and Exhibits.

   (c) Exhibit 99 Letter to Unitholders of Prudential-Bache/A.G. Spanos Genesis
Income Partners L.P., I

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                                   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.

Prudential-Bache/A.G. Spanos Genesis Income Partners L.P., I (Registrant)

By: A.G. Spanos Residential Partners-86, General Partner
    By: AGS Financial Corporation, a general partner

         By: /s/ Arthur J. Cole                         Date: October 22, 1999
         -------------------------------------------
         Arthur J. Cole
         President and Chief Accounting Officer

    By: A.G. Spanos Realty, Inc., a general partner

         By: /s/ Arthur J. Cole                         Date: October 22, 1999
         --------------------------------------------
         Arthur J. Cole
         Vice President and Chief Accounting Officer

                                       3

<PAGE>
          Prudential-Bache/A.G. Spanos Genesis Income Partners L.P., I

                                                                October 19, 1999

Dear Investor:

   Prudential-Bache/A.G. Spanos Genesis Income Partners L.P., I (the
'Partnership') made a final liquidating distribution of $54.86 per unit on
September 30, 1999 which was either credited to your securities account or
mailed under separate cover directly to you.

   This distribution to limited partners represents the last step in the
liquidation process. The General Partners terminated the Partnership on October
13, 1999. In early 2000, your General Partners will prepare and file the final
tax returns and distribute the final tax information on Schedule K-1 for the
limited partners.

   If you have any questions, we can be reached at (212) 214-3500 or (209)
478-0140.

Very truly yours,

/s/ Brian J. Martin                       /s/ Arthur J. Cole
- ----------------------------------       -----------------------------------
Brian J. Martin                          Arthur J. Cole
President                                President
Prudential-Bache Properties, Inc.        AGS Financial Corporation for
General Partner                          A.G. Spanos Residential Partner-86
                                         General Partner


         199 Water Street, New York, NY 10292-0128 Tel: (212) 214-3500



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