SECURED INCOME L P
NTN 10Q, 1999-11-17
REAL ESTATE
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                        SECURITIES AND EXCHANGE COMMSSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25

                                             Commission File Number     0-17412

                           NOTIFICATION OF LATE FILING

         (Check  One):     Form  10-K    Form  11-K    Form  20-F    Form 10-Q
                                                                     ---------
 Form N-SAR
         For Period Ended:  September 30, 1999
                            --------------------------------

    Transition Report on Form 10-K            Transition Report on Form 10-Q
    Transition Report on Form 20-F            Transition  Report  on  Form N-SAR

    Transition Report on Form 11-K
          For the Transition Period Ended:
                                          --------------------------------------

          Read attached instruction sheet before preparing form. Please print or
          type.

          Nothing in this form shall be construed  to imply that the  Commission
          has verified any information contained herein.

          If the notification  relates to a portion of the filing checked above,
          identify the item(s) to which the notification relates:


                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant: Secured Income L.P.
                         ---------------------------------------

Former name if applicable:
                         ---------------------------------------

Address of principal executive office (Street and number)
            599 W. Putnam Avenue
- ----------------------------------------------------------------

City, state and zip code:  Greenwich, CT  06830
                         ---------------------------------------

                                     PART II
                             RULE 12b-25 (b) AND (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check box if appropriate.)

     XX   (a)  The reasons  described in  reasonable  detail in Part III of this
               form  could  not be  eliminated  without  unreasonable  effort or
               expense;

     XX   (b)  The subject annual report,  semi-annual report, transition report
               on Form 10-K,  20-F,  11-K or Form N-SAR, or portion thereof will
               be filed  on or  before  the  15th  calendar  day  following  the
               prescribed  due  date;  or  the  subject   quarterly   report  or
               transition  report on Form 10-Q, or portion thereof will be filed
               on or before the fifth  calendar day following the prescribed due
               date; and

          (c)  The  accountant's  statement  or other  exhibit  required by Rule
               12b-25(c) has been attached if applicable.

                                    PART III
                                    NARRATIVE

     State below in  reasonable  detail the reasons why Form 10-K,  11-K,  20-F,
10-Q,  N-SAR or the transition  report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)


Additional  third party  information  is  necessary  for a complete and accurate
filing.
<PAGE>

                                     PART IV
                                OTHER INFORMATION

     (1) Name and  telephone  number  of  person  to  contact  in regard to this
notification
        Neal Ludeke                             203                869-0900
- --------------------------------------------------------------------------------
         (Name)                             (Area Code)       (Telephone Number)

         (2) Have all other periodic  reports required under Section 13 or 15(d)
of the Securities  Exchange Act of 1934 or Section 30 of the Investment  Company
Act of 1940 during the  preceding 12 months or for such shorter  period that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).

                                                         Yes        No
                                                        -----

     (3) Is it anticipated that any significant  change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                         Yes        No
                                                                  ------

     If so: attach an explanation of the anticipated  change,  both  narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made.
                               Secured Income L.P.
- -------------------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.

Date  11/16/99               By  /s/ Neal Ludeke
     -------------------         -----------------------------------------------

               Instruction.  The form may be signed by an  executive  officer of
          the  registrant or by any other duly  authorized  representative.  The
          name  and  title of the  person  signing  the  form  shall be typed or
          printed beneath the signature. If the statement is signed on behalf of
          the  registrant  by  an  authorized   representative  (other  than  an
          executive officer), evidence of the representative's authority to sign
          on behalf of the registrant shall be filed with the form.



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