WESTMED VENTURE PARTNERS LP
8-K, 1998-11-30
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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):  November 30, 1998
                                                    (November 24, 1998)



                         WESTMED VENTURE PARTNERS, L.P.
- --------------------------------------------------------------------------
                         (Exact name of registrant as specified in its charter)


Delaware                                    0-15681                  13-3443230
- ----------------------------------------------------------------------------
(State or other jurisdiction of (Commission File No.)          (I.R.S. Employer
incorporation or organization)                              Identification No.)

CIBC Oppenheimer Tower, World Financial Center
New York, New York                                                         10281
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(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code: (212) 667-7000



<PAGE>




                         WESTMED VENTURE PARTNERS, L.P.


Item 5.  Other Events.

On November 24, 1998, the General  Partners of the  Partnership  approved a cash
distribution totaling $3,042,227 to be paid to Partners in January 1999. Limited
Partners of record on December 31, 1998 will receive $3,011,805, or $45 per unit
of limited partnership  interest,  and the Managing General Partner will receive
$30,422.


                                   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.


              WESTMED VENTURE PARTNERS, L.P.


By:           WestMed Venture Management, L.P.
              The Managing General Partner


By:           MEDICAL VENTURE HOLDINGS, INC.
              General Partner


By:           /s/     Ann Oliveri Fusco                       
              Ann Oliveri Fusco
              Vice President and Principal Financial
                and Accounting Officer

Date:         November 30, 1998



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