BASS INCOME PLUS FUND LIMITED PARTNERSHIP
10-Q/A, 1995-09-28
REAL ESTATE
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                          AMENDMENT NO. 1
                                TO
    
                             FORM 10-Q

                SECURITIES AND EXCHANGE COMMISSION

                      WASHINGTON, D.C.  20549

(MARK ONE)
[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED....................................JUNE 30, 1995

                                OR

[  ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM......................TO........................
COMMISSION FILE NUMBER   0-17685


           BASS INCOME PLUS FUND LIMITED PARTNERSHIP
         (EXACT NAME OF PARTNERSHIP AS SPECIFIED IN ITS CHARTER)


          NORTH CAROLINA                                 56-1544869
(STATE OR OTHER JURISDICTION OF                      (I.R.S. EMPLOYER
 INCORPORATION OR ORGANIZATION)                      IDENTIFICATION NO.)


      4000 PARK ROAD     CHARLOTTE, NORTH CAROLINA              28209
           (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)            (ZIP CODE)


PARTNERSHIP'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (704) 523-9407
                                  ____________

     INDICATE BY CHECK MARK WHETHER THE PARTNERSHIP (1) HAS FILED ALL REPORTS 
REQUIRED TO BE FILED BY SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 
1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE 
PARTNERSHIP WAS REQUIRED TO FILE SUCH REPORTS),  AND [2] HAS BEEN SUBJECT TO 
SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS.

      YES     X                                       NO
               _______                                      ________




<PAGE>
                 PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings
         Response:  None

Item 2.  Changes in Securities
         Response:  None

Item 3.  Defaults upon Senior Securities
         Response:  None

Item 4.  Submission of Matters to a Vote of Security Holders
         Response:  None

Item 5.  Other Information
         Response:  None

Item 6.  Exhibits and Reports on Form 8-K

              (a)  Exhibits

        3(a)  Copy of Limited Partnership Agreement dated as of  August
              6, 1987, filed as Exhibit 3(a)  to  the Partnership's
              Form  10-K Annual  Report  for  the fiscal  year ended
              December 31, 1987,  filed  with the  Securities and
              Exchange Commission, which  is incorporated herein by
              reference.

        3(b)   Copy  of  Certificate of Limited  Partnership dated  as
               of January 5, 1987,  filed  as  Exhibit 3(b)  to the
               Partnership's Form 10-K Annual Report for the fiscal year
               ended December 31, 1987, filed with the Securities and
               Exchange Commission, which is incorporated herein by
               reference.

        4(a)   Specimen Certificate for Growth Units,  filed as
               Exhibit   4(a)   of  Amendment   No.   1   to
               Partnership's Registration Statement on Form  S-11 (No.
               33-11797),  filed with  the  Securities  and Exchange
               Commission on April 23, 1987,  which  is incorporated by
               reference to such Form S-11.

                               1
<PAGE>

BASS INCOME PLUS FUND LIMITED PARTNERSHIP


        4(b)  Specimen Certificate for Income Units filed as Exhibit
              4(b)  of Amendment No. 1 to Partnership's Registration
              Statement  on  Form  S-11  (No.  33- 11797),  filed  with
              the Securities  and  Exchange Commission   on   April
              23,   1987,   which   in incorporated by reference to such
              Form S-11.

   
        27    Article 5 FDS for 2nd Quarter 10-Q filed herewith.
    
       (b)  Report on Form 8-K.  No reports on Form 8- K  were  filed
      during  the quarter  covered  by  this report.

                              2
<PAGE>

BASS INCOME PLUS FUND LIMITED PARTNERSHIP

                         SIGNATURES

      Pursuant  to  the requirements of the  Securities  and
Exchange  Act of 1934, the Partnership has duly caused  this
Report  to  be  signed  on  its behalf  by  the  undersigned
thereunto duly authorized.



BASS INCOME PLUS FUND LIMITED PARTNERSHIP
  By Marion Bass Real Estate Group, Inc. as Managing General
Partner


  By /s/ Marion F. Bass
         Marion F. Bass, President

  Date 8/7/95 hand written


  By /s/ Robert J. Brietz
         Robert J. Brietz, Executive Vice President

  Date 8/7/95 hand written

                          3
<PAGE>



<TABLE> <S> <C>

   
<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                         579,530
<SECURITIES>                                         0
<RECEIVABLES>                                      496
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               620,763
<PP&E>                                      11,879,325
<DEPRECIATION>                               2,752,852
<TOTAL-ASSETS>                               9,942,091
<CURRENT-LIABILITIES>                          116,445
<BONDS>                                              0
<COMMON>                                             0
                                0
                                          0
<OTHER-SE>                                     762,352
<TOTAL-LIABILITY-AND-EQUITY>                 9,942,091
<SALES>                                        963,773
<TOTAL-REVENUES>                             1,017,490
<CGS>                                                0
<TOTAL-COSTS>                                  404,115
<OTHER-EXPENSES>                               177,701
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             431,543
<INCOME-PRETAX>                                  4,131
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,131
<EPS-PRIMARY>                                      .07
<EPS-DILUTED>                                      .07
        
    

<PAGE>


</TABLE>


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